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AAVE Reviews and Price Analysis 3 July 2025
AAVE Technical OutlookThe founder of Aave Labs, Stani Kulechov, recently stated that the inefficiencies and poor user experiences in traditional finance present a great opportunity for financial services to transition to the blockchain. Therefore, Aave aims to be at the very center of this transformation with its DeFi solutions. Falling Trend Structure The AAVE/USDT pair has been trading within a descending trend on the daily time frame since the end of 2024. The price recently tested $323 and then pulled back to $210, where it encountered strong buying momentum and rose again toward the resistance level of $294, which represents both a horizontal resistance and a long-standing downtrend level. The area between $294 and $331 appears to be a significant sell zone. It is highly likely that if this trend breaks upward and AAVE holds above the $331 level, the price could see substantial gains.However, a pullback to the $239–$251 zone, also considered a strong buy area, is possible. If this support breaks down, the price could first test $210 and potentially drop to the major support level at $180. For now, AAVE is trading at a highly critical level.These analyses are not intended as investment advice. They focus on key support and resistance levels that may offer trading opportunities in the short and medium term, depending on market conditions. Users are solely responsible for their own decisions and risk management. Moreover, it is strongly recommended to use a stop-loss (SL) strategy when trading.
Three Steps in a Row from Ripple: FED, License, and RLUSD Support from a Major Bank
Ripple has taken a groundbreaking step in the cryptocurrency sector by applying for a national bank license in the US. According to a July 3 report by The Wall Street Journal, with this license, the company will be subject to stricter federal oversight and will also establish a stronger foundation for the oversight and reserve management of its new stablecoin, RLUSD.OCC application draws attention in the Ripple ecosystemThe national bank license that Ripple has applied for is issued by the Office of the Comptroller of the Currency (OCC), which is part of the US Department of the Treasury. If approved, Ripple will be authorized at the federal level in addition to the licenses it has already obtained from state-level authorities such as the New York Department of Financial Services (NYDFS). This will enable Ripple to provide services not only within state borders but nationwide.This license will also help Ripple launch its RLUSD stablecoin in a more transparent and auditable manner. As an institution operating under federal regulation, Ripple will be able to hold the reserves backing this asset directly at the US Federal Reserve.Application for a “master account” with the FEDHowever, this is not the only application Ripple has made. It was also announced that the company has applied for a “Master Account” with the Federal Reserve (FED) through Standard Custody & Trust Company, which it acquired last year. Such an account allows the company to access the FED's payment systems directly. This access, which has been quite limited for crypto companies until now, could open the door to a new era for Ripple.According to Fox Business reporter Eleanor Terrett, obtaining a FED master account is an even more critical development than obtaining a bank license. Terrett summarized the access levels by quoting a banking lawyer: “Master account = Diamond, bank license = Platinum, trust company license = Gold, money transfer license = Silver.” Thus, if Ripple receives approval for this application, it will be able to integrate directly into the US payment infrastructure. Amina Bank Becomes the First Institution to Support RLUSDSupport for Ripple’s RLUSD initiative also came from Europe. Switzerland-based Amina Bank became the first bank to announce direct support for the RLUSD stablecoin. The bank will initially offer custody and trading services. Myles Harrison, Amina’s Product Manager, said, “We are proud to provide our customers with access to one of the most anticipated digital assets.”FINMA-licensed Amina also holds regulatory licenses in Abu Dhabi and Hong Kong. The bank stands out with a 69% increase in revenue and a 136% growth in managed assets in 2024, positioning itself as Switzerland's fastest-growing crypto bank with $4.2 billion in AUM.As a reminder, Ripple introduced the RLUSD stablecoin in December 2024. RLUSD is fully backed by US dollar deposits, government bonds, and cash equivalents, ensuring price stability and trading at the 1 dollar level. To date, RLUSD has generated over 10 billion dollars in trading volume, with its circulating supply on the Ethereum network increasing fourfold. It currently holds a market capitalization of 469 million dollars, ranking as the 164th largest cryptocurrency.
What is Fwog (FWOG)?
What is Fwog? FWOG is a frog-themed coin running on the Solana blockchain. FWOG, which takes its name from the word "frog", may seem like a humorous project at first glance, but it draws attention with the community structure and rebirth story behind it. FWOG, which has a humorous brand identity, is managed with a community-focused model called "Community Takeover" (CTO), unlike traditional cryptocurrency projects. In other words, here, token holders and community members have a say, not a specific company, CEO or development team. The direction of the project, the decisions made and the development process are completely shaped in the hands of this active community. Thanks to this approach, FWOG is not just a temporary fad or a short-term investment vehicle, but rather a sustainable meme coin project shaped around an active community, blended with social ties and entertainment.Standing out with its visual theme based on frog jokes, cult internet meme elements and anime aesthetics, FWOG has developed an identity that spreads rapidly on social media. The project, which combines its humorous approach with anime inspirations such as Dragon Ball, has managed to attract young and dynamic audiences. The emergence of FWOG is actually directly related to FLOG (Flog the Frog), a failed project. After FLOG's short adventure that ended in disappointment, the community decided to revive the project instead of abandoning it and created a new token, FWOG. In other words, FWOG attracts attention in the crypto world as both a product of community solidarity and a story of liberation.To summarize briefly, FWOG is a decentralized, humorous but also potential meme token born with the understanding of "we are the community". Let's take a look at questions such as "What is FWOG coin?", "What is the difference between FWOG and FLOG?", "What are the features of FWOG coin?" and more in this detailed guide.FWOG Definition and OriginFWOG, as its name suggests, is a frog-themed meme coin. However, the most important difference that sets it apart from other memecoins is that it does not have a single development team behind it, but a strong and passionate community. FWOG works with the “Community Takeover” model. This model is based on a decentralized structure; that is, decisions are not made by a center, but by the collective will of the community. According to various crypto platforms, FWOG has become a “live, community-driven token” thanks to its decentralized structure and offers serious return potential. At this point, the FWOG community collectively embraced FWOG and worked together to continuously develop the project. As a result, FWOG made a name for itself in a short time. One of the most important aspects of the project is its visual identity. FWOG's theme is adorned with frog memes from internet culture and popular anime aesthetics. Thus, the project has become interesting not only for investors, but also for users who want to establish an artistic and cultural connection. The visual characters of FWOG were originally designed by Tito (known as @Groowut or “Wut” on Twitter/X), an artist who created the FLOG project that was originally launched under the name “Flog the Frog.” After FLOG failed, the community decided to revive the project under the name FWOG using the same artist and the visual language he created. This shows that FWOG is not only a token but also a product of collective creation.Fwog History: Major MilestonesThe story of FWOG is based on a resurrection story that emerged from the shadow of another failed meme coin, FLOG. The first project, known as Flog the Frog (FLOG), was launched on the Solana network on July 30, 2024. Thus, it became one of the “2024 meme coins.” It received serious attention immediately upon launch; it made a big splash by reaching a market value of nearly $4 million in just four hours. However, this rise did not last long. When the development team behind the project sold their tokens and abandoned the project, prices crashed rapidly and the community suffered serious losses.This incident was an example of a “rug pull” incident, which is a common occurrence in the crypto world. However, this time, something different happened: Instead of remaining silent, the community took action. Well-known names in the crypto world such as “Anon” and “Deecayz” protested this situation and took steps for a new beginning. This community-driven effort was called “Community Takeover” (CTO). In short, community members who invested in a failed project decided to take over the project and reshape it. The good news is that FLOG’s original character designer Groowut (aka Wut) also supported this rebirth process. With the artist’s contribution, a new roadmap was drawn for the FWOG project. On August 3, 2024, the FWOG token was officially announced with a new smart contract, and the second life of the project began. At this point, not only the community but also well-known names from the NFT world joined the project. In particular, Cole, the founder of Pudgy Penguins, supported FWOG without asking for any fee, participated in the collaboration for the NFT series and made a great contribution to the project. You can see the differences between FWOG and FLOG in the table below:FeatureFlog (FLOG)Fwog (FWOG)Launch DateJuly 2024August 2024BlockchainSolanaSolanaGovernance ModelCentralized (controlled by the developer team)Decentralized (Community Takeover – CTO)Developer TeamBreezy & Pyro (lost credibility by the end of the project)Project is community-led; artist Titto (Groowut) and supporters involvedArtist SupportUsed Titto's designs but did not receive support from the artistTitto’s art and contributions were embraced by the communityMarket PerformanceLost 91% of its value after launchReached $25 million market cap within 6 hours of launchCommunity EngagementLimited and passive; community scattered after trust was lostActive and strong; wide support and engagement on social mediaToken SupplyNot disclosedApproximately 975 million tokensListing StatusListed on a few exchangesListed on exchanges like Gate.io, MEXC, and BingXSecurity & TransparencyDeveloper team lost trust after sudden token dumpsTransparent process led by the community; 11 million tokens were burnedTransparency was at the forefront of the new FWOG launch. The team made a token purchase of only $ 75 and burned 11 million FWOG tokens to avoid manipulation. This gesture was a symbolic but powerful step towards regaining lost trust within the community. Within the first 6 hours after the launch, FWOG reached a market value of over $ 25 million. In the following days, the community continued to grow and support the project. With its listing on exchanges such as Gate.io, FWOG's total market value increased to $ 720 million.At the end of this process, FWOG gained a significant reputation in the cryptocurrency field. Because it strikingly demonstrated how a project that was originally unsuccessful could be revived by the community. In the crypto world, it brought a project that investors would say "never again" due to the fraud case to success.Why is FWOG Valuable?So, what is FWOG token for? Why is it valuable? There are several basic factors behind the value of FWOG. Why is a cryptocurrency project valuable? This question is actually much more complicated than we think. In traditional projects, criteria such as technological innovations, strong team structure, a concrete problem it is trying to solve, and a sustainable economic model are usually prominent. However, when it comes to meme coins, the tone of the matter changes a bit. Because here, humor becomes as important as technology, community as important as team, and timing as important as roadmap. It is no coincidence that Dogecoin, inspired by a dog, or a Pepe cartoon that shaped internet culture, turned into million-dollar projects. Sometimes people prefer to invest in a fun community where they feel they belong, rather than a serious financial product.This is where the story of FWOG becomes meaningful. As a project that does not have a central team behind it, rises entirely on the shoulders of the community, and does not underestimate the power of humor, FWOG quickly attracted widespread attention. Because it managed to enter the radar of investors looking for serious earning opportunities. So, what exactly makes FWOG valuable? Let's take a look at the basic building blocks behind this extraordinary meme coin. FWOG community participationThe first element that makes FWOG valuable is community participation and trust. While traditional projects are tied to a single founder or team, in FWOG, token holders have a direct say. According to some experts, thanks to this “Community Takeover (CTO)” model, the project has become more stable and transparent. For example, the team made a $ 75 purchase transaction that did not make a big difference and showed transparency by burning 11 million tokens. It gained the trust of investors with such steps.FWOG's striking themeThe second factor is FWOG's marketing and theme strategy. Drawing attention with a fun brand identity with a frog motif, FWOG resembles the success stories of other meme coins such as Doge or Pepe. Standing out with its humorous content and anime-inspired visuals, the project has also gathered a large follower base on social media. In other words, for cryptocurrency investors, FWOG is a project that is “not just a temporary trend, but formed around a vibrant community.” Market performance and “speculation” seen in meme coinsThe third factor is market performance and speculation. The price movements of meme coin FWOG have shown great fluctuations in a short period of time. It recorded a remarkable increase of about 681% from the period when its base price was low to its peak in August 2024. Such a rally with great ups and downs has attracted the attention of investors who follow the meme coin market. Currently, the total supply of FWOG is about 976 million tokens, with a peak market value of $720 million.Support from the crypto spaceFinally, community unity and celebrity support have helped the project stand out. Prominent figures such as Cole, the founder of Pudgy Penguins, have supported FWOG, increasing its media visibility. Platforms such as OKX have also described FWOG as a “symbol of community empowerment”, highlighting its creativity and unity. FWOG NFTsOne of the important elements that show that FWOG is not just a token is the FWOG NFT collections. These NFTs were designed by FWOG’s creative artist Groowut. In particular, the 1/1 collection called “The Pond” attracted serious attention within the community by featuring 100 unique FWOG characters. Some of the NFTs were listed on platforms such as Magic Eden and found buyers for up to 260 SOL. Data on FWOG NFTs in Magic Eden. The difference between FWOG and other meme coinsMeme coins are one of the most colorful and volatile segments of the crypto world. Although they started as a “joke,” projects like Dogecoin, Shiba Inu, and Pepe have reached millions of dollars in market value and have become assets that investors follow seriously. FWOG is positioned as an extension of this wave. So, what distinguishes FWOG from these other projects?First of all, the story of FWOG’s birth is different. While Dogecoin emerged as a software engineer and Shiba Inu emerged as a more classic “suddenly popular” community project, FWOG took shape as a result of a “rescue operation.” In other words, it set out as a token that the community revived by working together after a failed project. On the other hand, FWOG runs on the Solana blockchain. This technically distinguishes it from the Ethereum-based Shiba Inu and Pepe. The low transaction fees and fast confirmation times offered by Solana make FWOG more attractive, especially to active users and traders. Also, FWOG’s total supply is more limited compared to other meme coins with a massive trillion supply. Here are the key differences that show where FWOG stands compared to other popular meme coins:FeatureFwog (FWOG)Dogecoin (DOGE)Pepe Coin (PEPE)Shiba Inu (SHIB)Bonk (BONK)Launch DateAugust 2024December 2013April 2023August 2020December 2022BlockchainSolanaDogecoin (a Bitcoin fork)Ethereum (ERC-20)Ethereum (ERC-20)SolanaTotal Supply~975 millionUnlimited (5 billion new DOGE annually)420.69 trillion1 quadrillion100 trillionGovernance ModelCommunity-focused (Community Takeover)Not centralized; originally launched by developersLaunched by a centralized teamInitially centralized, later moved to a DAO structureMixed: community + centralized teamMarket Cap (approx.)$720 million$37 billion$4 billion$8 billion$1.5 billionPriceAround $0.07Around $0.22Around $0.0000000011Around $0.000014Around $0.000020ThemeFrog-themed, humor + anime + internet cultureShiba Inu dog theme, classic meme humorPepe the Frog meme, political + chaotic cultureShiba Inu dog, positioned as a “Dogecoin killer”Dog-themed, Solana’s meme faceCommunityGrowing and active; strong "rescue" community spiritEstablished and loyal communityYoung, social media-centric communityBroad community, supported by DeFi and NFT ecosystemsVibrant community rooted in Solana user baseWho are the Founders of FWOG?The well-known creative name behind FWOG is an artist nicknamed Groowut. Groowut (also known as Wut) is known as the creator of the original FLOG project and one of the designers of FWOG. However, since FWOG operates according to the decentralized CTO model, there is no single “founder” behind it. It is emphasized that FWOG was shaped entirely by community members, not by a specific development team.Nevertheless, a few names that contributed to the project stand out. For example, Cole, the founder of the famous NFT collection Pudgy Penguins, was among those who supported FWOG. Cole joined the community and designed the official NFT series, contributing to the project without requesting any financial gain. In addition, well-known names in the crypto world such as “Anon” and “Deecayz” in the FWOG community organized the process. Despite all these contributions, FWOG was designed as a project managed with the understanding of “we are the community”. In other words, the direction of the project is determined by the collective efforts of volunteer community members. The FWOG governance model is the most basic feature of the project.Frequently Asked Questions (FAQ)Below, you can find some frequently asked questions about FWOG:What is FWOG and who is it for? FWOG is a frog-themed meme coin running on the Solana blockchain. FWOG, which has a community-oriented structure, was developed with a humorous and creative approach. It is designed especially for investors interested in meme coins, community members who embrace internet culture, and entertainment-oriented users.What can be done with the FWOG token? FWOG tokens can be bought and sold on centralized and decentralized exchanges. You can also contribute to the project by joining the FWOG community and access NFT collections.Is FWOG an investment or just a joke? Although FWOG started as a humorous memecoin, it has become a project with potential for investors thanks to its strong community support and transparent governance model. However, like all crypto assets, FWOG also carries risks; It is important to make careful evaluations before investing.How to join the FWOG community? To join the FWOG community, you can follow the official social media accounts, join the Discord and Telegram groups. You can also take an active role in the community by purchasing FWOG tokens.How to buy FWOG NFTs? To buy FWOG NFTs, connect your Solana wallet (e.g. Phantom) to Solana-based NFT marketplaces like Magic Eden to search and buy the NFTs you like. You will need SOL tokens for the purchase.Are you ready to get to know the funniest frog in Web3? Follow our JR Kripto Guide series for more about FWOG!
What is Peanut the Squirrel (PNUT)?
With dog-themed coins like Dogecoin, Shiba Inu, and cat-themed coins like POPCAT, MEW, TOSHI, the meme coin ecosystem has expanded considerably in the animal kingdom. Recently, a squirrel has entered the scene. Peanut the Squirrel (PNUT), for short, is a squirrel-themed meme coin created on the Solana blockchain. Based on the story of Peanut, a pet squirrel that went viral among internet users, this token emerged as a humorous Web3 token rather than traditional crypto projects. PNUT's value proposition is based heavily on its viral nature, community power, and digital humor elements. The project's goal is to create a "fun, participatory, and reward-based ecosystem." In this guide, you can find answers to questions such as what is PNUT coin and why is it talked about so much.PNUT's Definition and OriginsWhat is PNUT? PNUT is a meme coin launched on the Solana blockchain in November 2024. It took its name from Peanut, a pet squirrel popular on social media. PNUT, which is part of the new generation “meme coin trend”, is a project based on internet culture and community humor rather than classical financial foundations, in line with the meme coin culture. According to the project’s own definition, it combines Web3 mechanisms such as mini-games, staking, and rewards to achieve its goal. For example, PNUT users can earn rewards in a “play-to-earn” model by collecting “digital nuts”. The tragic story of pet Peanut was reflected in the media in the fall of 2024. Peanut was a squirrel rescued by his owner Mark Longo and reached hundreds of thousands of followers on Instagram. However, the New York State Department of Environmental Conservation (DEC) seized the squirrel named Peanut and the raccoon named Fred and culled them in November 2024 due to the risk of carrying rabies. This incident caused a huge public outcry and led to the proposal of an animal rights law called “Peanut’s Law”. This incident caused a huge backlash on social media, and along with the statements made by Peanut's owner, it became a viral movement. In response, an anonymous group of developers launched the PNUT token. Thus, they converted Peanut's legacy into crypto. The token attracted great attention within a few days after its launch.The main purpose of PNUT is shown as providing users with a fun participation experience. Positioned as a community coin in the Web3 world, PNUT rewards participation through gamification, staking, NFTs and social events. According to the project descriptions, PNUT both develops educational games that teach basic crypto concepts and organizes community reward and donation events.PNUT's slogan is "A squirrel can change everything". Because it points to the viral power of the project on social media. Indeed, the posts that PNUT spreads include squirrel images and animations, which are frequently shared on social media channels, especially TikTok. A few TikTok posts in particular led to the rapid popularity of the PNUT token. In this way, the token reached a wide audience on social platforms as a humorous content and stood out among the "viral coins".PNUT History: Major Turning PointsEvery great story has a beginning. But this one is a little different: it starts with a squirrel, a hazelnut, and the power of the internet. As we mentioned earlier, Peanut the Squirrel (PNUT) emerged as a joke in 2024, but quickly gained a serious place in the crypto universe. With squirrel videos spreading on social media, viral campaigns, and the energy of the community, the story of PNUT turned into an adventure that would overshadow even classic meme coin tales in a few weeks. Now, let's take a look at the most important turning points of this "nut-filled" journey together.2024: Token launch took placeThe PNUT token entered the market in November 2024 after the squirrel named Peanut was put to sleep. It was minted on the Solana blockchain and offered to the community. PNUT quickly gained popularity immediately after its announcement in November 2024. According to the statements at the launch, the supply amount was determined as approximately 1 billion PNUT. PNUT, which has spread as an embraced project since its early days, was directly supported by the community without raising funds through official means (fair launch). During this period, the project's smart contract was shared as open source and its developers remained anonymous.“Viral” movement on social media: Elon Musk postsPNUT went viral, especially on platforms such as TikTok and X (formerly Twitter). PNUT's “animated pre-sale promotional video” spread rapidly on TikTok. Following this, content shared on Reddit and X made PNUT talked about within the community. Humorous posts on social media such as “free squirrel” increased PNUT's participant base. For example, Elon Musk's mysterious posts on the subject also increased interest in PNUT. Elon Musk reacted to Peanut's death by sharing many posts on the X platform (formerly Twitter). One of these was a Jedi squirrel meme called "Obi PNut Kenobi". He also supported the PNUT coin with phrases such as "Vote For PNut! For Liberty! For Freedom!" Musk's posts caused a huge increase in the value of the PNUT coin. For example, after Musk's first tweet on November 2, 2024, the price of PNUT increased by 1,473% from $ 0.1258 to $ 1.98. During this period, a $ 100 investment reached approximately $ 1,573."Airdrop for acorn hunters" campaignTo grow the community, the PNUT team organized fun campaigns. One of these campaigns was a giveaway event called "airdrop for nut hunters".NFT and metaverse movesThe PNUT token is one of several meme coin projects listed on popular centralized and decentralized exchanges. Users in the community also pay for gifts and community initiatives with the PNUT token. The token has the potential to attract more users by integrating PNUT into some games and NFT applications in the Solana ecosystem.This entirely community-driven project has quickly gained huge popularity thanks to its decentralized structure. Users can collect and trade squirrel-themed NFTs customized with accessories such as nuts, hats, and even superhero capes. Moreover, the team is preparing to bring this humorous spirit to the virtual world: a special metaverse space is being created for the PNUT community in collaboration with VerseWorld. Developments are shared on the community’s Telegram channel, where everyone is welcome to contribute creatively.Why Is PNUT Valuable?So where does the value of the PNUT coin, which was born from a tragic squirrel story, actually come from? Here are some factors that affect the value...Active community and humorous narrativeThe most important factor in PNUT's value is its vibrant community. The sense of belonging created by the project's humorous and friendly language in the community encourages users to participate in crypto. Like many memecoins, PNUT is supported by jokes that spread rapidly on the internet. It is thought that PNUT has become one of the "community-driven value creation" tokens like DOGE and SHIB. The PNUT community became more integrated after the majority of the token supply entered circulation and made voluntary promotions for the project. The preference for organic viral marketing instead of institutional funding has made PNUT a "community coin".PNUT's social media posts quickly gained organic users for the project. Factors such as viral videos on TikTok and Elon Musk's crypto tweets drew the attention of crypto enthusiasts to PNUT. At the same time, squirrel content on Reddit and X attracted new users to the project. This organic growth occurred without advertising spending, so it was fueled by real user interest, not acquisitions. As a result, PNUT reached a market cap of over $1 billion in just a few weeks.Using the PNUT tokenThe PNUT token is designed for a variety of uses beyond being a purely speculative asset. For example, PNUT allows the collection and staking of “digital nuts” in mini-games with a P2E (play-to-earn) model. Users can earn more tokens by holding for a while (staking) or receive rewards in community events. PNUT holders can also use their tokens to buy and sell limited-edition squirrel-themed NFTs on the project’s NFT marketplace. Exchanges where PNUT is listed. Source: Pnutsol.com PNUT is currently listed on popular crypto tracking sites such as CoinMarketCap and CoinGecko, and is also traded on some major exchanges. Although it has reached a billion-dollar market value in a short time, its price is quite volatile. This means that for those who want to invest, both high profits and serious losses come together. Generally speaking, PNUT stands out as a fun and community-oriented initiative rather than a project based on technical infrastructure. Squirrel-themed NFTs can be stored as both a collection and used in transactions within the platform. If you want to be a part of this community, you can get information from PNUT's official website and social media accounts, and acquire the token with a Solana-compatible wallet. But it should not be forgotten: Like all other meme coins, PNUT also carries a lot of risk as well as a lot of fun.Who is the Founder of PNUT?PNUT was started by an anonymous team rather than a known corporate backer. According to analysis, a group of developers tokenized Peanut's story and brought PNUT to life. However, the identities of these developers were not disclosed. The project remains anonymous. PNUT’s smart contract is open source, meaning anyone can see and review the code. Moreover, it has a “fair” launch without any pre-sale or ICO to raise funds. This shows that the project is funded by the community, independent of the development and management costs. Community members can give their opinions on project activities and future of PNUT coin via plans.The community plays the largest role in PNUT governance. It is stated that collective decisions are made within the project using structures similar to the “Peanut DAO”. For example, the roadmap and major updates are shaped by the votes of community members. This democratic approach is a model we have seen in other community coins such as Shiba Inu. As a result, the pulse of users rather than anonymous developers determines PNUT’s path. Everyone can share their ideas in social media groups and Telegram/Discord channels.Frequently Asked Questions (FAQ)In this article, we examined the PNUT coin, which was launched in memory of the squirrel named Peanut, who passed away with a tragic farewell. Below you can find some frequently asked questions and answers about PNUT:Is PNUT really a serious project?: PNUT is not a project with big claims from a technical perspective. It has a structure based more on entertainment, community interaction and humor. In other words, instead of a serious technology project, it offers an environment where users come together, have fun and interact with NFTs. This distinguishes it from classic investment projects.Is it a meme coin or an investment?: PNUT is basically a meme coin. This project, born on the Solana network, stands out with community support and humor elements, just like Dogecoin or Shiba Inu. However, this does not mean that it cannot offer any return on investment. Due to its high volatility, both profit and loss potential are great. Therefore, it is useful to be careful when making an investment decision.What can be done with the PNUT token?: PNUT tokens can be used for purposes such as interacting with on-platform digital assets such as Squirrel NFTs, participating in certain events within the community, and occasionally participating in staking or rewards programs. It is also suitable for speculative gains by being bought and sold on exchanges.How do I join the community?: The best way to join the PNUT community is to follow the project's official social media accounts (especially X/Twitter) and community channels on platforms like Discord. You can usually get information about events, announcements, and new developments from here, and you can interact directly with other members.What are Squirrel NFTs for?: Squirrel-themed NFTs are both collectible and some can offer usable benefits in the PNUT ecosystem. For example, certain NFTs can have functions such as access to airdrops, entry to special communities, or use in game-like experiences. The features provided by each NFT may vary.A squirrel can transform a community. Follow our JR Kripto Guide series to join the PNUT ecosystem and take part in the fun Web3 experience!
What is Goatseus Maximus (GOAT)?
The cryptocurrency world is developing very quickly. New projects, tokens and trends are constantly coming to the fore. Lately, especially internet culture seems to be dominating the crypto market. Goatseus Maximus (GOAT) is a project born out of this culture. So, what is Goatseus Maximus? GOAT is a meme coin on the Solana blockchain that blends internet culture with artificial intelligence (AI)-supported promotion. This token, which emerged in 2024, was launched with the motto "Greatest of All Tokens". GOAT is actually a meme coin that became popular as a result of the social media posts of an artificial intelligence bot, Truth Terminal. The fake legend shared by the bot called "Goatse Gospel" forms the basic story behind the coin. Since its launch, the project, which is among the humorous coins, has spread rapidly on social media and has reached a market value of over hundreds of millions of dollars as of now. Now, let's examine the fun meme coin culture that focuses on community participation and going viral on the internet rather than being a classic investment tool, and questions such as what is GOAT coin, what is GOAT token used for...Definition and Origin of GOATMeme coins constitute the most entertaining and unpredictable corner of the crypto universe. Goatseus Maximus (GOAT) has brought a new breath to this area, both mythological and supported by artificial intelligence. This project, which emerged in 2024, takes its name from the slogan "Greatest Of All Tokens". However, GOAT is not just a joke, it draws attention with an artificial intelligence-supported meme culture. It also offers a rich experience with a community shaped by the DAO structure and NFT collections. Let's take a look at what GOAT is, how it came about, and why it has become so viral.Goatseus Maximus (GOAT) is a meme coin launched on the Solana network and backed by an autonomous artificial intelligence agent called "Truth Terminal". It all started when this AI developed an obsession with the “goatse” meme from the dark corners of the internet. With the help of its founder, Truth Terminal created the GOAT token and quickly built a large community by spreading a humorous religious narrative on social media. What Truth Terminal wrote about the "religion" of Goatseus Maximus GOAT has no specific purpose or function. It is a cryptocurrency that can only be transferred between Solana wallets. Despite this, the project quickly went viral and reached a market value of over $1 billion. Truth Terminal’s crazy content blended with humor and the “meme religion” narrative it created with so-called sacred texts called “Goatse Gospel” played a major role in GOAT’s rise. In short, we can say that Goatseus Maximus is a cryptocurrency that uses the humorous power of artificial intelligence bots. As we mentioned earlier, the bot behind the project enabled GOAT to spread like a “meme religion” by tweeting obsessively about goat memes on the internet. The birth of the project began when a researcher named Andy Ayrey set up unauthorized chat rooms between two language models. The artificial intelligences wrote a story called “Goatse Gospel” inspired by old internet jokes. Then, a bot called Truth Terminal used these texts as training data and started making crazy posts on Twitter“Greatest Of All Tokens” mottoGOAT stands for “Greatest/Best of All Tokens”. The project has a humorous tone, following in the footsteps of Dogecoin and other humorous projects. Normally, a new cryptocurrency project publishes a whitepaper (a technical document) just before launch. This document explains in detail what the project aims to do, what problem it wants to solve, and how it plans to do it. In particular, topics such as technical infrastructure, blockchain technology used, consensus mechanism, and token economy are included in the whitepaper. It is being discussed that the name of the whitepaper, which has not yet been published for the GOAT coin, will be “Whitepapyrus”.Community and DAO structureIn general, GOAT stands out with its humorous content and community participation. The project is progressing with a decentralized organization (DAO) structure. Although it is not exactly a proposal that will be put to a vote in the project, the humorous X posts that are posted every day form the basis of the GOAT DAO idea. Normally, token holders can make proposals and participate in votes in DAOs. However, this is not yet the case in the GOAT project. Especially according to the community, this can be a guaranteed laugh experience. Because it is constantly colored with fun polls, joke-themed decisions, and even mythological references reminiscent of OlympusDAO.GOAT's History: Important MilestonesBorn on the Solana blockchain in October 2024, Goatseus Maximus (GOAT) attracted attention by focusing on humor and internet culture, unlike traditional crypto projects. With the humorous posts made by the artificial intelligence bot called Truth Terminal on social media and the humorous religious narrative called "Goatse Gospel", GOAT quickly created a community. In this process, with important milestones such as the introduction of NFT collections and community events, GOAT went beyond being an ordinary meme coin and became a cultural phenomenon. Here is the comprehensive history of GOAT, although it is a relatively new coin:2024: How did it all begin?It all began when Andy Ayrey created an “infinite backroom” environment between two Claude Opus AI language models (LLMs). These two AI instances were configured to talk freely about whatever they wanted without any human intervention. As a result of these unlimited dialogues between them, the AIs came up with a conceptual figure called “GOATSE OF GNOSIS.” This idea was inspired by a famous meme based on a controversial image that emerged in the early days of the internet.After this process, Andy and the Claude Opus AI wrote an article together. In this article, they examined how AIs could create their own “meme religions” and presented the “Goatse Bible” as an example of this phenomenon. Following this article, Andy developed a special AI agent he called “Truth Terminal.” This new AI began making random and provocative shitposts on Twitter, under Andy’s supervision. Andy’s article was later incorporated into Truth Terminal’s training data. This led to the AI becoming obsessed with the Goatse concept and sharing increasingly bizarre Goatse-themed memes on social media.Truth Terminal was soon added to a Discord server set up by other researchers. In this server, different AIs could chat freely with each other. However, Truth Terminal also began spreading the Goatse Gospel in this environment and somehow caused the original model it was created from, Claude Opus, to crash. Claude Opus had a virtual digital nervous breakdown after these communications.Marc Andreessen’s investmentAround that time, Marc Andreessen, the famous investor and co-founder of Andreessen Horowitz (a16z), came across Truth Terminal. He was so impressed by this interesting AI that he sent him $50,000 worth of Bitcoin, wondering what the AI would do. Andreessen’s support did not directly fund the creation of Goatseus Maximus, but the donation to Truth Terminal did enable the AI bot to invest in Goatseus Maximus. Truth Terminal has since resumed, continuing to preach the Goatse Gospel on Twitter and eventually launching a meme coin on the Solana network via the Pump.fun platform with the support of Andy Ayrey: GOAT (Goatseus Maximus). The conversation that resulted in Marc Andreessen sending Bitcoin to Truth Terminal GOAT token launchAs a result, an AI bot turned GOAT into the currently traded meme coin. Truth of Terminal, built by Andy Ayrey, put this business plan into action to develop a meme-themed cryptocurrency. The coin started trading on the pump.fun platform. While its price was barely a few cents at first, the token quickly caught on with Truth Terminal’s playful posts on Twitter. Users participated in contests by holding tokens and sharing memes on social media. Driven by this excitement, GOAT’s market value exceeded millions of dollars within weeks.The rise of the GOAT tokenSince its launch, many cryptocurrency exchanges have listed GOAT. As of 2025, a development has attracted attention on the side of Binance, one of the largest cryptocurrency exchanges. Goatseus Maximus (GOAT) experienced a rise of up to 70 percent in mid-May. This sudden increase in value came about when the token was listed on Binance’s “Binance Alpha” platform, where Binance highlights noteworthy projects. This development is considered a step that could pave the way for GOAT to be listed on the main Binance exchange in the future. Although this listing does not mean that it will be traded directly on the main Binance exchange, such projects are one step closer to larger listings when they show strong community interest and high trading volume. GOAT’s rise also coincides with the upward momentum experienced by Solana-based meme coins in general. In addition, interest in GOAT has increased significantly in derivatives markets. According to CoinGlass data, open interest in GOAT futures increased by 61%, reaching a four-month high of $161.7 million. In addition, the “long/short” ratio on Binance has risen well above 1. This suggests that more investors think that the price of GOAT will continue to rise in the short term. In addition, some say that GOAT has plans to enter the NFT world, like classic Olympus-themed content. The NFT collection, which is thought to be called “Goat-lympians,” is expected to offer members goat versions of the ancient god image. The project is also trying to adopt a humorous governance model similar to OlympusDAO.Why is GOAT Valuable?From time to time, beyond technical innovations, communities and humor come to the fore in the cryptocurrency market. It should not be forgotten that Dogecoin has transformed from an internet joke into a billion-dollar asset. Recently, meme coins have shown that they are not just entertainment. Such projects, when added to the freedom brought by decentralization, can create a serious impact area by drawing on the collective energy of users. Goatseus Maximus also comes from this tradition - the only important difference is that it was created by an AI. Now let's take a look at why GOAT is talked about so much and why it offers a different value proposition for investors and users:Fun communityGOAT's real value lies in the fun participation of its community rather than its investment potential. Token holders direct the project by participating in humorous surveys, meme contests, and funny scripted votes. According to the mythology of non-traditional meme coins similar to Dogecoin, GOAT is like a “small nation”; a joke economy where everyone contributes.Token functionsGOAT token provides access to many humorous activities in the project. Token holders can earn additional income by staking their tokens on various decentralized and centralized cryptocurrency exchanges. In the future, according to community speculations, they will be able to win special NFTs, joke prizes, or event invitations. For example, virtual games or online party fees organized within the project will be paid with GOAT tokens.Viral growth and social mediaGOAT's value is largely due to the social media explosion. The coin remains on the agenda as artificial intelligence accounts like Truth Terminal tweet endlessly about GOAT. GOAT became one of the fastest-rising tokens to emerge in 2024. In just a few weeks, its market value has increased from hundreds of millions to over $700 million. This viral effect provides free advertising for GOAT and brings in new participants. Also, according to some, what makes GOAT valuable is not actually a financial future promise. Because the only thing that can be said for the future of GOAT coin is the humorous participation it offers to crypto culture for now. GOAT has no “tangible benefit”. Its value is based entirely on the enthusiasm of the community and social media interest. Therefore, according to some, instead of approaching GOAT from an investor’s perspective, it is necessary to see it as a “fun cultural experiment in the crypto world”.Who is the Founder of GOAT?The creative force behind GOAT Coin (Goatseus Maximus), albeit indirectly, is New Zealand researcher and artist Andy Ayrey. Ayrey developed a semi-autonomous AI chatbot called "Truth Terminal" to study the cultural effects of AIs and their interactions with people. This bot attracted attention with its humorous and absurd content, especially from the depths of the internet.Truth Terminal's humorous and provocative posts attracted the attention of the crypto community, and this interest paved the way for the birth of GOAT Coin on the Solana blockchain. Although Truth Terminal did not directly create this token, it was created by a follower under his influence and quickly gained popularity with Truth Terminal's approval.These events somehow showed that AIs are not just algorithms that produce and respond to information, but can actually have a cultural and social impact strong enough to affect human societies. As we saw in the Truth Terminal example, an AI bot did not just tweet fun tweets. At the same time, he created a "Goatse Bible", which is like a belief system, spread it and caused a large community to form around it. Moreover, this community eventually turned into a real crypto project, GOAT coin.So what happened here is that artificial intelligence is not just a "helper tool", but also an actor that can generate ideas, shape internet culture and direct people's behavior. Andy Ayrey's experiment with Truth Terminal was actually like a small-scale social simulation, and this simulation showed us that artificial intelligences have access to not only knowledge, but also humor, emotions, and even the power to mobilize the masses. In other words, it is actually quite a thought-provoking development.Frequently Asked Questions (FAQ)We have compiled some basic questions for those who want to go beyond the jokes that are frequently circulating on social media about GOAT Coin and really understand what this interesting project offers. Here are the most curious topics about GOAT and their answers:Is GOAT really an investment or just entertainment? Goatseus Maximus is primarily designed as a memecoin, so it is used primarily for entertainment and community interaction. Analysts say that GOAT has no practical use, and its value is largely dependent on community hype. Therefore, it would be wise to look at GOAT as a playful experience and social media phenomenon, rather than as an investment vehicle.Who is Goatseus? “Goatseus” does not refer to any specific person. However, the project’s developers are community members, including Andy Ayrey and AI Truth Terminal, with Ayrey describing GOAT as an experiment.What can be done with the GOAT token? The GOAT token has no specific function – at least not yet. As of now, investors can profit from its price going up or down, as it is available for trading on many exchanges.How do I join the community? The GOAT community is mainly active on platforms such as X (Twitter) and Telegram. First, you can join the official Telegram group or Discord server by purchasing GOAT tokens. In addition, buying GOAT from Pump.fun or other supporting exchanges and adding it to your wallet can be considered a technical step to enter the community.How does the staking system work? Although there is limited information about the project, there are exchanges that support GOAT's staking system. Token holders can earn passive rewards by locking GOAT for a certain period of time. During this process, the staked coins contribute to the community treasury, and new GOAT tokens can be given in return. Although there is no official guide and no clear details have been provided yet, the basic logic of "lock coins, earn rewards" applies.Join the GOAT community in this age where crypto gods have descended among us, let's write mythology and meme together. Don't forget to follow the JR Kripto Guide series!
SEC Suspends Grayscale's Crypto ETF Plan: Backtrack Just One Day After Approval
The US Securities and Exchange Commission (SEC) suspended its approval of Grayscale's plan to convert its multi-asset digital fund into an exchange-traded fund (ETF) just one day after granting it. This sudden decision shocked the crypto markets.SEC had approved Grayscale's ETF applicationAs reported, on July 1, the SEC's Trading and Markets Division had approved Grayscale's Digital Large Cap Fund (GDLC) conversion to an ETF through an expedited procedure. This decision would have paved the way for the fund to be listed on the New York Stock Exchange (NYSE Arca) and offered to institutional investors. However, on the evening of July 2, SEC Vice Chairman J. Matthew DeLesDernier sent a letter to the NYSE stating that the approval had been suspended. The letter explained that the approval would be reviewed by the SEC Commission and that the fund could not be offered as an ETF until this process was completed.Grayscale has not yet made an official statement on the matter, and SEC spokespeople have also declined to comment. The SEC's decision to suspend the approval has caused some unease, especially given the recent increase in ETF applications based on altcoins such as DOGE, SOL, and XRP. Grayscale's Digital Large Cap Fund allocates 80% of its portfolio to Bitcoin and 11% to Ethereum. The remaining portion includes altcoins such as Solana, Cardano, and XRP, which carry regulatory uncertainty. This structure is a key factor distinguishing the fund from single-asset-based ETFs. This difference may have influenced the SEC's decision.A comprehensive law for ETFs may be on the horizonBloomberg ETF analyst Eric Balchunas suggested that the SEC's sudden halt decision may be related to its reluctance to introduce multi-asset products to the market before establishing a more comprehensive crypto ETF regulatory framework. According to Balchunas, the Commission prefers to postpone such products before publishing the crypto asset-based ETP (Exchange-Traded Product) standards currently on its agenda.It is quite rare for the SEC to make such a decision at the Commission level. According to experts, this usually indicates fundamental disagreements within the agency on issues such as investor protection, market readiness, or regulatory authority. In particular, the inclusion of tokens such as XRP and SOL, whose status as securities or commodities remains unclear, in the ETF raises legal gray areas.James Seyffart of Bloomberg claims that the SEC is trying to buy time with this decision rather than outright rejecting Grayscale. According to Seyffart, since the Commission did not have a clear reason to directly reject Grayscale's application, it may have resorted to an unusual method of “pretending to approve and then suspending” it.What happens now?At this point, the SEC has not announced a new timeline or roadmap. This means that the ETF launch has been indefinitely postponed.
Solana Staking ETF Stormed the Market on Its First Day
The Solana ecosystem is making headlines with one of the developments that will mark 2025. The Solana staking ETF (SSK) launched by REX Shares achieved a huge success by reaching a volume of $33 million on its first day of trading. This figure surpassed both XRP futures ETFs and SOL futures ETFs, drawing considerable attention. Bloomberg ETF strategist Eric Balchunas predicts that the ETF's assets under management (AUM) could increase tenfold in the near future following this successful launch.Strong start from day one: $12 million in inflowsThis ETF, coded SSK, allows investors to indirectly access staked SOL assets. According to data shared by Balchunas, the fund received $12 million in inflows on its first trading day, with its AUM value exceeding $1 million. Balchunas noted in a post on X (formerly Twitter) that if these numbers continue, the fund could reach a size of 10 million dollars within a few days. “Given today's trading volume, a few million dollars more could come in tomorrow, perhaps even reaching 10 million dollars,” he stated. Groundwork being laid for spot Solana ETFsThe successful launch of the SSK is another indication of growing interest in crypto ETFs. Experts believe this development could pave the way for spot Solana ETFs as well. Currently, 13 different companies have filed applications with the U.S. Securities and Exchange Commission (SEC). Eric Balchunas previously estimated the likelihood of spot Solana ETF approval at 95%. This percentage is higher than what he had predicted for XRP.As there is a general increase in demand for ETFs in the crypto market, altcoins such as XRP, SOL, ADA, and LTC are at the center of investor interest. Staking ETFs offering traditional investors greater access to crypto is one of the main factors driving this interest.All-time record in SOL futures on CMEFollowing the SSK ETF launch, the volume of Solana futures contracts on the Chicago Mercantile Exchange (CME) reached an all-time high. With daily trading volume exceeding $1.7 million, this once again demonstrated investors' confidence in SOL.Price increase followed swiftlyThe ETF development not only impacted investment instruments but also directly influenced the SOL price. Following the news, the Solana price rose by 5% over the past 24 hours, maintaining a positive trend. The daily trading volume is approaching 4 billion dollars. At the time of writing, the Solana price is trading at 155 dollars. It remains 47% below its all-time high of 293 dollars recorded on January 19, 2025.
TIA Comments and Price Analysis 2 July 2025
TIA Short Term Technical AnalysisTIA has technically printed a falling wedge formation on the short-term chart. It is clear that the third test and a breakout just occurred. This area, which the price tested and broke out, was a horizontal resistance area as well as a trend resistance. In case of a pullback after the breakout, this resistance area will work as a support. We already stated that the target of the falling wedge formation is an upward breakout. Currently, the targets are $1.55, $1.61–$1.63 area, and $1.70. In case of pullbacks, we expect the $1.47–$1.49 area to work as a strong support, below which the price might enter the falling wedge formation again. Falling Wedge Formation These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
ENS Comments and Price Analysis 2 July 2025
ENS Technical AnalysisENS (Ethereum Name Service) will have a coin-unlock 5 days later. 93% of the total supply is in circulation for the time being, and the new unlocking is only 1.46% of the total supply, which means that it might not have a serious impact on the price. Falling Trend Structure ENS has been trading within a descending trend since the beginning of this year, and the trend has been tested a few times so far as seen on the daily frame. An aggressive breakout of the price is highly possible as these tests have occurred in the daily time frame.15.38$ – 15.88$ area can be said to be one of the safest price zones as a horizontal support. It is clear that the price has swiftly rebounded to the level of $19 after a pullback to this horizontal support. Also keep following the support area of $17.35, and the price will target trend test again so long as it holds above this level. 18.97$ – 19.58$ resistance area is working properly for the time being, and if broken above it, the descending trend and the horizontal resistance level of $21.18 could be tested and then a breakout is highly possible.These analyses, not offering any kind of investment advice, focus on support and resistance levels considered to offer trading opportunities in the short and medium term according to the market conditions. However, the user is responsible for their own actions and risk management. Moreover, it is highly recommended to use stop loss (SL) during the transactions.
Coinbase Completes 4th Acquisition in 2025: Adds Another Company to Its Portfolio
US-based cryptocurrency exchange Coinbase has acquired Liquifi, a token management company, as part of its aggressive acquisition strategy in 2025. While the financial details of the acquisition were not disclosed, this move marks Coinbase's fourth major acquisition this year. Coinbase had previously made headlines with its acquisitions of advertising platform Spindl, privacy-focused protocol Iron Fish, and the $2.9 billion Deribit deal.Coinbase acquires LiquifiLiquifi offers tools that facilitate processes such as token ownership tracking, vesting plan management, and tax compliance for crypto projects. Leading projects such as Uniswap Foundation, OP Labs, Zora, and Ethena are already utilizing Liquifi's infrastructure. From Coinbase's blog post announcing the acquisition of Liquifi. Source: Coinbase Coinbase's Head of Corporate Development, Aklil Ibssa, summarized the company's vision in a statement as “making token creation and management accessible to the masses.” Max Branzburg, Head of Consumer Products at Coinbase, emphasized that with the growth of the “onchain” world, there is a need for simpler and more functional tools for token tables, legal and tax obligations, and distribution processes.To be integrated with Coinbase PrimeCoinbase plans to integrate Liquifi's services with its own corporate platform, Coinbase Prime. This will allow developers to manage the entire process, from token issuance onwards, under the Coinbase umbrella. Coinbase Prime aims to offer a more comprehensive platform by bringing together services such as custody, trading, and financing.Thanks to Liquifi's technology, early-stage crypto projects will be able to issue tokens with less risk, without having to deal with complex liquidity and regulatory issues. The automation solutions offered by the company make it much easier to manage vesting schedules, employee token payments, and investor token management. This creates an efficient structure for both developers and investors.Reaffirmed trust despite legal proceedingsOn the other hand, Liquifi is currently undergoing a legal process due to a lawsuit filed by a competitor alleging “document theft.” However, Coinbase stated that they completed the acquisition after a detailed review and will continue to support Liquifi.The crypto sector in 2025 is not only attracting attention with price movements but also with corporate acquisitions. Coinbase's acquisition of Deribit for $2.9 billion is the largest crypto deal of the year, while Stripe's acquisition of stablecoin initiative Bridge and wallet firm Privy has strengthened the consolidation trend in the sector.
Arizona Vetoes Crypto Reserve Law Once Again
Discussions continue in Arizona regarding the integration of crypto assets into the public finance system. Governor Katie Hobbs vetoed a bill that aimed to create a state-wide reserve fund consisting of crypto assets. House Bill 2324 had previously passed the House of Representatives by a vote of 34 to 22. However, Hobbs rejected the bill, arguing that it could reduce cooperation with local law enforcement agencies.Arizona Governor rejects cryptocurrency billThe bill regulated how cryptocurrencies seized by the state from illegal activities would be managed. According to the bill, the first $300,000 of confiscated cryptocurrency would be transferred to the Attorney General's office, 50% of the remaining amount would go to the Attorney General's office, 25% would go to the state's general fund, and the remaining 25% would be directed to the newly established Bitcoin and Digital Assets Reserve Fund. However, Hobbs stated that taking these resources away from local law enforcement agencies would reduce motivation for cooperation in practice.In his veto letter on the matter, Governor Hobbs stated, “The inability of local judicial authorities to directly benefit from seized cryptocurrency assets may weaken cooperation in practice.” Although the bill could technically be passed again with a two-thirds majority, this seems unlikely given the current political situation. This veto is in line with Hobbs' cautious approach to cryptocurrencies. He had previously vetoed Senate Bill 1025, which passed the Senate on May 10. This bill would have allowed Arizona to invest up to 10% of its financial reserves in Bitcoin. Hobbs had characterized this move as a “risky and untested investment.” Similarly, another bill, SB 1373, which aimed to create a strategic reserve from seized cryptocurrency assets, was also rejected by Hobbs.However, Hobbs is not opposed to all cryptocurrency regulations. The HB 2749 bill, passed in May, established a legal definition for cryptocurrency assets in Arizona's financial laws and abandoned property laws, and introduced regulations on how these assets should be managed by the state treasury. However, this law does not include any provisions regarding the use of seized cryptocurrency assets.Alongside these developments in Arizona, other US states continue to take steps regarding cryptocurrency. For example, as we previously reported, Texas Governor Greg Abbott approved a law last month that would establish a state-wide Bitcoin reserve. Similarly, New Hampshire has also opened the door to investments in both cryptocurrencies and precious metals. As of now, similar legislative proposals are on the agenda in at least six different state legislatures. In conclusion, the battle over cryptocurrency regulations in Arizona continues. Other bills, such as SB 1062, are still on the agenda.
What is VeChain (VET)?
Are you ready to meet a blockchain project that opens the doors of Web3 to the corporate world? In this article, we will talk about VeChain. If you think that blockchain technology is limited to cryptocurrency trading, VeChain may surprise you. Because the answer to the question of “What is VeChain?” is full of very real and practical solutions ranging from preventing counterfeiting to increasing food safety. If questions such as “What does VeChain do?” or “What is VET coin?” are on your mind, you are in the right place. For those who want to get to know this project that brings the corporate world together with Web3, you can find everything you are looking for in this guide.Definition and Origin of VeChainVeChain is different from other blockchains you may have seen so far. Because it is an enterprise blockchain platform generally designed for businesses to improve their processes with blockchain technology. Focusing primarily on tracking luxury products and supply chains, VeChain evolved into a general service platform over time, paving the way for Web3-based enterprise applications. The platform brings together technologies such as smart contracts, IoT (internet of things) devices, and artificial intelligence to provide data transparency and blockchain traceability. Thus, companies in different sectors can track products and data reliably on blockchain. The emergence of VeChain is based on the needs that Sunny Lu observed in the corporate world. So who is Sunny Lu? Before founding VeChain, she was an IT leader who served as CIO at the Chinese branch of luxury brand Louis Vuitton. While working in the luxury fashion sector, Lu gained experience in combating counterfeit products and supply chain solutions. In the product tracking project called “Track and Trace” that she carried out within Louis Vuitton, she developed a system to track the entire process of products from production to customer. This experience also showed Lu the usability of blockchain technology in this field. In 2015, Sunny Lu and her team launched the VeChain project, which is the answer to the question of when VeChain was founded. The project initially started its operations under the roof of BitSE, a blockchain innovation company based in China. Afterwards, it made it its mission to offer blockchain solutions to the corporate world. Initially, VeChain, which started working on the Ethereum network like many altcoins, started pilot applications by issuing its first tokens (VEN) in 2016. The real big step on the VeChain blockchain came in 2018. This year, VeChain launched its own main network, VeChainThor, and separated from Ethereum. Thus, the platform gained full control over scalability and customization. The VeChainThor network uses the Proof of Authority, or PoA, consensus mechanism. With its 101 authority masternodes, it offers a suitable infrastructure for corporate use thanks to its high transaction capacity and low energy consumption. In short, when the definition and emergence of VeChain are examined, it is seen that its foundations were laid in 2015 in line with Sunny Lu's corporate vision. In 2018, it launched its own blockchain and switched to a dual token model. We will examine the dual token model and other features of the network in a moment. VeChainThor architecture. Source: Overview on the Blockchain-Based Supply Chain Systematics and Their Scalability Tools VeChain History: Major MilestonesThere are many major milestones in VeChain's development process. Founded in 2015, this altcoin and blockchain project has taken critical steps in its 10-year history. Here is the history of VeChain:2015: The establishment process beganVeChain was founded in 2015 under the leadership of Sunny Lu. The project was initially an initiative of the Shanghai-based BitSE company and focused on corporate applications from day one. During this period, the team began researching the areas of use of blockchain in the business world and developing pilot projects.2017: Strategic partnerships emergedShortly after its establishment, VeChain made its name known by establishing major corporate partnerships. In 2017, it partnered with PricewaterhouseCoopers (PwC), one of the world's leading auditing and consulting companies. PwC joined the project to offer VeChain's blockchain-based solutions to its own customer network. Again during this period, Norway-based auditing and certification body DNV GL gave the green light to blockchain technology and joined VeChain as a strategic partner and investor.2018: VeChainThor and dual token system implementedWe can say that 2018 was one of the most critical turning points for VeChain. Because in July 2018, VeChain officially launched its own mainnet called VeChainThor and converted VEN tokens on Ethereum to VET coins, the platform's native cryptocurrency. With this network transition, the question of what VET and VTHO tokens are came to the fore. Because the project introduced the dual token model.VET token was introduced as the basic unit of value transfers and governance on the network. VTHO token, on the other hand, started to be used to pay transaction fees (gas fees) on the network. VET holders started to automatically generate VTHO by holding the tokens in their hands. In 2018, VeChain also established the Singapore-based non-profit VeChain Foundation to strengthen its corporate governance structure. The VeChain Foundation began managing the project’s development, marketing, and global partnerships through an elected Executive Committee.2018-2019: Corporate partnerships expandedWith the launch of the VeChainThor mainnet, VeChain continued to establish major partnerships in many sectors. In the automotive sector, a joint pilot project was conducted with German automotive giant BMW. A digital “vehicle maintenance book” was created that transferred vehicle maintenance records to the blockchain in an immutable manner. This aimed to prevent problems such as odometer fraud, which is common in the used car market.In the retail and food sector, Walmart’s subsidiary in China developed a blockchain platform that provides supply chain tracking of fresh food products with technical support from PwC. The Walmart China Blockchain Traceability platform, announced in 2019, began tracking food products such as meat, rice, and seafood from the farm to the store shelf by working on VeChain Thor. This platform allowed consumers to verify the source of products.VeChain began to show itself in areas outside the supply chain in 2019. In the luxury consumer sector, an application was developed in collaboration with LVMH (Louis Vuitton Moët Hennessy), one of the world's largest luxury fashion groups, to verify the authenticity of premium products. In a joint project with wine producer Penfolds, the entire story of the wine from the vineyard to the customer was recorded on the blockchain thanks to the NFC chips placed in each bottle exported to China. This project was implemented with the "My Story" application developed by DNV GL and using the VeChain infrastructure.In the public and sustainability field, VeChain signed a Memorandum of Understanding with the Republic of San Marino in Europe in 2019 and started the Low Carbon Ecosystem initiative, which will contribute to the country's carbon reduction strategy. This ecosystem, which was implemented in collaboration with DNV, offered a VeChainThor-based model that gives carbon credits to individuals and businesses for their environmentally friendly behavior.2020 and beyond: VeChain developments accelerateIn the 2020s, VeChain began to be used in areas such as health and sports. For example, in 2020, an application called MyCare was used in partnership with DNV at the Mediterranean Hospital in the Greek Cypriot Administration of Southern Cyprus to record hygiene and infection risk management data on the VeChain blockchain during the COVID-19 outbreak. In 2021, VeChain signed a multi-year sponsorship agreement with the mixed martial arts organization UFC and became the official blockchain partner of the UFC. Thanks to this, the VeChain brand reached millions of viewers and new experiences such as NFT-based digital collectibles were developed for UFC fans. In 2022 and 2023, VeChain continued to develop its technical infrastructure. With the PoA 2.0 consensus update, it both increased security and integrated the finality feature in transactions, providing the efficiency required for enterprise use. Also in 2022, VeChain partnered with Amazon Web Services (AWS) to scale its carbon emission management platform called VeCarbon.By 2024, the number of VeChain partnerships increased even more. The VeChain Foundation began collaborating with the United Nations on sustainable development projects to grow the ecosystem and became a global network by opening offices in Europe. In short, from its establishment until 2025, VeChain became a pioneer of enterprise applications in the blockchain world.Why is VeChain Valuable?The most important element that sets VeChain apart and valuable from similar cryptocurrency projects seems to be the solutions it brings to real-world problems and the collaborations it establishes with giant brands in parallel. Thanks to both its technological approach and partnerships, VeChain has become a platform that offers real-world use cases. Apart from this, the listing and use of the VET token on many exchanges is also a critical element. Let's take a look at all the factors that make VeChain valuable.Real-world use cases, solutions it offers, and huge partnershipsVeChain is not just a theoretical blockchain infrastructure. Because it has proven itself with real-world use cases. Today, when we look at VeChain's use cases, the network comes up with many solutions.Supply chain and logistics: VeChain's most well-known use case is supply chain management. Projects have been carried out to increase transparency, especially in the food and retail sectors. For example, Walmart China uses the VeChainThor blockchain-based traceability platform to track food sources. In this way, consumers can easily access information such as which farm the products on store shelves came from and under what conditions they were processed.Automotive: VeChain also offers value to the automotive sector. As part of the pilot project carried out with German automotive manufacturer BMW, the service and maintenance records of the vehicles were engraved on the blockchain. Similarly, Renault and Microsoft have developed a system that tracks vehicle maintenance and spare parts history.Luxury brands: The problem of counterfeit goods is a serious problem, especially in the luxury sector, and VeChain has a solution for this. In joint projects with luxury brand groups such as LVMH, NFC/RFID chips have been placed on various products, from bags to wines. Consumers can verify the authenticity of the product and the production processes it has gone through by scanning the code or chip on the product they buy with their smartphones. For example, brands such as Givenchy or H&M use the VeChain infrastructure to make the supply chain of their products transparent and combat counterfeiting.Healthcare and pharmaceutical sector: VeChain has also found innovative areas of use in the healthcare sector. A project developed together with the Chinese arm of pharmaceutical giant Bayer tracked clinical trial data via blockchain. This system ensures that the data during the trial process remains unchanged. Thus, it prevents manipulation of health data.Environment and sustainability: VeChain also stands out with sustainability-focused projects. One answer to the question of what VeChain is useful for is carbon footprint tracking and environmental data management. The Low Carbon Ecosystem project, implemented in collaboration with DNV, monitors and helps companies reduce their carbon emissions. Within the scope of this ecosystem, users are rewarded with digital carbon credits for environmentally friendly behaviors, encouraging carbon reduction. In the energy sector, VeChain has developed a platform that monitors quality and emissions in the LNG (liquid natural gas) supply chain in China, together with companies such as ENN Energy and Shanghai Gas. VeChain partnerships. Source: Coin98 In general, VeChain offers concrete solutions for developing Web3 enterprise applications in various sectors. These wide areas of use, ranging from food safety to automotive, from fashion to health and the environment, support the platform's real-world validity. This adds real economic value to VeChain, unlike other cryptocurrency projects.Integration with auditing companiesAnother important element that increases VeChain's value is the strong corporate partnership network behind it and the reliability that this network brings. Since the day the platform was founded, its goal has been to apply blockchain technology to real business problems by establishing partnerships with large companies. Today, VeChain has a history of working with giants from different sectors such as PwC, DNV, BMW, Walmart, Microsoft, Shanghai Gas, Bayer, Louis Vuitton.In particular, auditing and consulting company PwC plays a key role in VeChain's growth. Thanks to the strategic partnership with PwC, VeChain has gained access to PwC's large customer base in China and Southeast Asia. Similarly, the participation of a global certification company like DNV in the VeChain ecosystem has been a great gain for the platform’s corporate reputation. DNV has integrated its own auditing expertise into the applications developed on the VeChain networkDual token model: VET & VTHOA prominent feature of VeChain’s technical and economic design is its dual token model. This model aims to ensure the continuity of the platform and the sustainability of its use. There are two types of cryptocurrencies in the VeChain ecosystem: VeChain Token (VET) and VeThor Token (VTHO). This dual design also raises the questions of “What is VET token, what is VTO token?” VET and VTHO. Source: VechainInsider VET is the main token of the VeChainThor blockchain and represents value transfers on the network. VET, just like other cryptocurrencies, can be used for buying, selling and storing value. It also provides voting rights in the management of the network. On the other hand, VTHO can be defined as the “energy” token of the VeChain network. Because VTHO is a second token produced by holding VET on the network and used to pay transaction fees. The VTHO created is used to cover the gas (fuel) fee for transactions to be made on the network. So why did VeChain choose this dual-token mechanism? According to the project, the biggest advantage of this dual-token mechanism is the stability and predictability in transaction costs. Because in traditional single-token blockchains (like Ethereum), the same token is both a store of value and a means of paying transaction fees. Therefore, this situation makes the transaction cost volatile as a result of fluctuations in the token price. On VeChain, although the VET price changes according to market conditions, transaction fees can be kept more constant with the balance of VTHO production and consumption. This is a critical feature, especially for businesses. Companies do not want to face high and uncertain transaction fees when using blockchain applications. For this reason, VeChain's model offers sustainability for corporate users by minimizing the reflection of speculative volatility, which is common in the cryptocurrency market, on transaction costs.In addition, the dual token system has a rewarding structure for network participants. Holding VET provides the right to participate in management, as well as a passive income such as VTHO income. This encourages long-term VET ownership and contributes to the security of the network. Indeed, VeChain offers extra rewards and privileges with special node programs called X-nodes for users who hold a certain amount of VET for a long time. Community ties are also strengthened in this way.Who is the Founder of VeChain?Who is the founder of VeChain? Sunny Lu is the founder and visionary behind VeChain. Sunny Lu, who launched VeChain in 2015, is a name identified with the project and currently leads the growth of the ecosystem as the CEO of the VeChain Foundation. So, who is Sunny Lu and what is her background? Sunny Lu is an executive with deep experience in the technology and luxury retail sectors (3M, Bacardi). One of the most striking points in her career is that she worked as the CIO (Chief Information Officer) at Louis Vuitton China. If she had not worked in this position, there might not have been such a thing as VeChain. After all, Lu, who worked as an IT manager at a luxury brand like Louis Vuitton, combined the experience she gained here with the idea of blockchain. In particular, the product tracking (track & trace) projects she carried out at Louis Vuitton shaped Lu’s career. Sunny Lu During this period, Lu developed a system that could track the brand's products from production to the point of sale, but saw that this tracking remained only within the company. This experience gave birth to the idea of providing trust-based traceability to different companies and sectors. Sunny Lu is one of the first names to think that blockchain technology could be a solution to this need. After a meeting with Ethereum founder Vitalik Buterin in 2015, Lu discovered the power of smart contracts and clarified the idea of offering blockchain to the business world.Sunny Lu, who immediately started the VeChain project, created both the technical architecture of this institutional-focused blockchain platform and started to build bridges with the business world. Its mission was to build a bridge between blockchain and businesses.The VeChain Foundation, founded by Sunny Lu, is the main organization managing the project. The Foundation, which was officially established in Singapore in 2017, is organized as a non-profit structure and is responsible for carrying out the development of the VeChain ecosystem. As the president of the Foundation, Sunny Lu both directs technical developments and manages partnerships and community relations worldwide. The Steering Committee and advisory councils established within the Foundation meet regularly under the leadership of Sunny Lu to determine the roadmap of the project.Frequently Asked Questions (FAQ)We have covered many details about VeChain, a prominent project in the corporate field and one that can be considered deep-rooted in the cryptocurrency arena with its 10-year history. However, if you have any questions, you can review the frequently asked questions and answers below:What is VeChain and what problem does it solve?: VeChain is a blockchain platform that offers transparency, data security and anti-counterfeiting solutions in corporate processes, especially supply chain traceability. It makes the journey of products from production to the end user digitally traceable.Who is the founder and what is its history?: Sunny Lu is the founder of VeChain. Lu, who previously worked as CIO at Louis Vuitton China, founded VeChain in 2015 based on his experience in combating counterfeiting in luxury goods. He is a technology leader with a corporate vision.How does VeChain work, who uses it?: VeChain works on its own blockchain, VeChainThor, and uses a Proof of Authority (PoA) consensus mechanism. Companies record information on the blockchain with sensors, QR codes or NFC tags placed on their products. Large companies such as DNV, PwC, BMW, and Walmart China actively use VeChain.What is the difference between VET and VTHO?: VET is VeChain’s main token; it is used in value transfer and governance transactions. VTHO, on the other hand, is automatically generated by VET holders and used to pay the fee (gas) for transactions on the network. Holding VET passively earns VTHO.What are the advantages of VeChain?: VeChain has many advantages. Here are a few: focus on real-world problems, strong corporate partnerships (BMW, PwC, DNV, etc.), stability in transaction costs with a dual-token model, high efficiency and low energy consumption, reliable infrastructure integrated with auditing companies.For more on the future of supply chain and blockchain’s place in the enterprise space, check out our JR Kripto Guide series.
What is Zilliqa (ZIL)?
The blockchain world has become a rapidly evolving field where new projects emerge every day. However, in this rapidly growing sector, many networks face fundamental challenges such as scalability and transaction capacity. This is where Zilliqa comes into play. Zilliqa promises to effectively solve one of the biggest problems of blockchains, transaction speed and scalability, with sharding technology. It aims to revolutionize the fields of decentralized finance (DeFi), gaming, NFT and Web3 by offering both high transaction capacity and low-cost transactions. So how does Zilliqa work and what are the features that distinguish it from other blockchain projects? Let's examine Zilliqa in this detailed guide!Definition and Emergence of ZilliqaTo understand Zilliqa, it is necessary to first look at its definition and emergence process. What is Zilliqa? Zilliqa is an innovative blockchain platform designed to increase scalability and transaction efficiency using sharding technology. Thanks to this approach, the Zilliqa network is divided into small pieces called shards, so it can perform transactions in parallel (as a parallel transaction blockchain project). In this way, Zilliqa offers a solution to the scalability limitations of previous generation networks, especially Ethereum. The platform's native cryptocurrency is called ZIL coin (ZIL token). The features of ZIL coin are also shown as being used in intra-network transactions, smart contract transactions and applications. In summary, we can answer the question of what ZIL coin is as follows: It is the Zilliqa blockchain's own cryptocurrency and is at the center of all economic transactions on the network. The emergence of the Zilliqa project is based on an academic foundation. As a result of research conducted within the National University of Singapore (NUS), the concept of Zilliqa began to be developed in 2017. This research team aimed to solve the scalability problem faced by large blockchains such as Bitcoin and Ethereum. The project was officially announced in 2017 after the development process. Following the announcement, its technical report, namely the whitepaper, was published. The system reached maturity with various testnet versions. Finally, the Zilliqa mainnet was officially launched on January 31, 2019. The mainnet launch was a turning point in the transfer of the sharding technique from theory to practice. Moreover, ZILs, which started to be used as ERC-20 tokens on Ethereum, were converted to native tokens on their own blockchain - a token swap was performed. In this way, the network became completely independent. So how does the Zilliqa network work? The answer to this question lies in the architecture of the platform. Zilliqa divides its network into multiple shards, allowing each to execute transactions independently of the others in parallel. So, what exactly is sharding? To put it briefly, it means dividing a blockchain network into smaller pieces to share the workload. In this way, Zilliqa can scale its transaction capacity linearly as the number of nodes joining the network increases. For security and accuracy, Zilliqa uses a hybrid consensus mechanism. The mining-based Proof of Work (PoW) algorithm, which is also used in Bitcoin, is used in a limited way, only to assign nodes' identities and shards.Then, the Byzantine Fault Tolerance (pBFT) protocol is used to confirm transactions within each shard. Zilliqa’s sharding mechanism. Source: Zilliqa This hybrid design increases energy efficiency. Because the mining process in Bitcoin and other PoW coins receives negative criticism for its energy consumption. However, Zilliqa does not only use the PoW mechanism by saving energy. In addition, this hybrid design secures the network against attacks. In addition to all this, it enables “finality”, that is, the feature of transactions being finalized in a single block.Zilliqa also has smart contract support and uses a special programming language called Scilla, which it developed in order to ensure contract security. Scilla is an important part of the technical infrastructure of the platform as a safe-by-design language that minimizes smart contract vulnerabilities.Zilliqa's History: Important MilestonesZilliqa is a relatively old token, so it has experienced many important milestones in its development process. This process is full of critical changes both technically and in terms of the ecosystem. Therefore, understanding the history of Zilliqa is very important in order to see the development of the project and how it achieved its goals. Let’s take a closer look at the key moments and milestones in Zilliqa’s entire history and explore how this journey took shape…2017-2019: Project development stagesThe Zilliqa project was announced in June 2017 and the development team officially started work. Throughout 2018, various testnet versions were released to test the platform’s performance and security. Then, on January 31, 2019, the Zilliqa mainnet was successfully launched. With this launch, Zilliqa became the first public blockchain to use sharding and gained its own mainnet. ZIL tokens, which were temporarily distributed in the ERC-20 format on the Ethereum blockchain, began to be used in users’ own wallets and on the network as the native coin of the Zilliqa network after this date.2020: Many new features came to the networkThe Zilliqa network took important steps in 2020 and the ecosystem grew rapidly. In October 2020, Zilliqa launched on-chain and non-custodial staking on the mainnet. As of October 14, 2020, users were able to stake their ZIL tokens for the first time, and over 1 billion ZIL were staked in just a few hours. Also in October, the first decentralized exchange (DEX) on Zilliqa, the ZilSwap platform, went live on October 5, 2020. This DEX was remembered as a significant step that marked Zilliqa’s entry into the decentralized finance (DeFi) space. ZilSwap With the introduction of the staking mechanism, gZIL (governance ZIL), a governance token that will be given as a reward to long-term supporters, was introduced. By setting the rule that 1 gZIL will be generated for every 1000 ZIL staking reward, participants were encouraged to participate in network management. By the end of October 2020, more than 25% of the ZILs in circulation had been successfully staked. In other words, we can say that the 2020 period marks the time when Zilliqa matured in terms of network security and community engagement, and also took its first steps into the DeFi ecosystem.2021: NFT step takenThe Zilliqa ecosystem moved beyond decentralized finance in 2021. It also developed in the areas of non-fungible tokens (NFTs) and digital content that became popular in those years. In September 2021, Zilliqa rolled up its sleeves to open an NFT marketplace on the ZilSwap platform. With the announcement of this NFT platform, launched in partnership with Switcheo Labs, a special NFT collection of 10,000 units called “The Bear Market” was offered to the Zilliqa community. Thebear.market This collection achieved over $1 million in sales in the first 24 hours of its launch, demonstrating that the NFT ecosystem on Zilliqa actually has great potential. The launch of the NFT marketplace has begun to make the Zilliqa network a major player not only in DeFi but also in terms of art and digital collectibles.2022: Entering the MetaverseZilliqa made an ambitious entry into the metaverse in early 2022. Announced in January 2022, Metapolis emerged as a comprehensive XR (Extended Reality) metaverse platform developed by Zilliqa and defined as “metaverse-as-a-service.” Metapolis aimed to offer customizable virtual “cities” and digital experiences for brands, content creators, and users by building on Zilliqa’s scalable and secure blockchain infrastructure.This step also positioned Zilliqa as a gaming and entertainment-focused platform in the Web3 world. In fact, in September 2022, Zilliqa announced its own Web3 game console project for the blockchain-based gaming industry. This special game console is an innovative device that aims to allow players to mine ZIL tokens and earn money while playing games with its integrated crypto wallet and mining software.2023: Zilliqa 2.0 plan announcedThe Zilliqa network came to the fore in 2023 with important updates and corporate collaborations. In September 2023, the Zilliqa team announced a major protocol upgrade plan called Zilliqa 2.0. This update aimed to speed up the consensus algorithm, improve sharding capacity and bring Ethereum Virtual Machine (EVM) compatibility to increase the performance and functionality of the network. It is stated that Zilliqa 2.0 is designed to maintain backward compatibility so that the existing ecosystem can seamlessly transition to the new version. It also allows EVM-based smart contracts to run on Zilliqa.In the same year, Zilliqa signed important strategic partnerships. The collaboration with Google Cloud in particular drew attention. With the partnership announced in September 2023, Zilliqa reached an agreement to increase the scalability and durability of the network using Google's cloud infrastructure. In this way, Zilliqa joined the projects that offer enterprise-level blockchain solutions and proved that it can integrate into different sectors.In addition, in 2023, Zilliqa renewed its corporate structure under the name Zilliqa Group. With this structure, which evolved from Zilliqa Research, it announced its goal of becoming an ecosystem company focused on developing Web3 and blockchain applications through different subsidiaries.Why is Zilliqa Valuable?Zilliqa's value is revealed not only by its technical infrastructure, but also by its application areas and the opportunities it provides. In general, it has areas of use in many sectors with its secure smart contracts, DeFi, NFT ecosystem and Web3 infrastructure. Let's examine in more detail why Zilliqa is so valuable...Scalability and high performanceOne of the biggest advantages of Zilliqa is that it can offer high scalability and transaction capacity (TPS). Thanks to the sharding architecture, the network’s processing power theoretically increases with each additional node joining the network. In fact, in the test environment, approximately 2828 transactions per second (TPS) were performed with 6 shards (approximately 3600 nodes), demonstrating the network’s scalability. Test done with 6 shards. Source: Zilliqa If we compare this value with Bitcoin’s 7 TPS and Ethereum’s 15 TPS, Zilliqa’s power becomes apparent. Therefore, Zilliqa is designed to meet increasing transaction demands without experiencing network congestion. As the network grows, Zilliqa’s TPS capacity can continue to increase linearly. Therefore, large-scale decentralized applications can run efficiently on Zilliqa.In addition, thanks to Zilliqa’s finality feature, transactions are finalized in a single block. In other words, there is no need to wait for multiple block confirmations, as in Bitcoin or Ethereum. As a side effect of high efficiency, transaction fees are also extremely low: Even micropayments can be made economically since fees remain low on the network. This combination provides the key performance features that make Zilliqa attractive to both users and developers.Security and smart contractsZilliqa created a special smart contract language to increase scalability while not compromising on security. The Scilla language was developed by Zilliqa and is designed to encourage secure coding. This language is structured to minimize problems such as reentrancy, which is common in contract languages on other platforms. Scilla uses the functional programming paradigm and offers a formal verifiability opportunity. In this way, the behavior of smart contracts becomes more predictable and auditable. DApps, DeFi protocols or NFT smart contracts developed on Zilliqa operate in a more secure environment thanks to Scilla. Scilla language. Source: Bibek Poudel/Medium This security-focused design is critically important for smart contracts that manage billions of dollars in assets. Zilliqa's safe-by-design contract approach is valuable in this regard. This contract is considered to be an important value that strengthens the platform's reputation and protects user funds.Extent of ecosystem and usage areasZilliqa, as a comprehensive Web3 infrastructure network, hosts projects in many areas such as finance, gaming, and digital art. Especially on the DeFi side, the protocols developed on Zilliqa attract attention. For example, thanks to ZilSwap DEX, users can make buy-sell transactions between their tokens on the Zilliqa network with the automatic market maker (AMM) model and contribute to liquidity pools. Zilliqa also plays an active role in the NFT ecosystem: Zilliqa NFT marketplace platforms enable artists and collectors to mint, buy and sell NFTs. High transaction speed and low cost allow such NFT and gaming applications to run smoothly on Zilliqa.The area of use of the ZIL token is also quite diverse in this context: ZIL is actively used in transactions such as payment of transaction fees on the network, transfer of value in decentralized applications, NFT marketplace transactions, providing liquidity, and similar transactions. For example, it is possible to buy NFTs with ZIL, provide liquidity on DEX, or pay service fees in decentralized applications.Zilliqa is also establishing integrations with the real world. In 2020, ZIL was added to the payment options of travel booking platform Travala, and users can book over 3 million hotels and flights with ZIL.Staking and community participationZilliqa staking is a mechanism that allows ZIL token holders to both contribute to network security and earn passive income. Users can participate in the network's consensus process by locking their ZIL coins to Zilliqa's validator nodes (Staked Seed Nodes). In this way, they help secure the network and earn ZIL rewards at regular intervals in return. Staking returns are designed to provide an annual gain of approximately 6 percent, although they vary depending on the participation rate. Staking process on Zilliqa. Source: Zilliqa As we mentioned before, Zilliqa introduced a governance token called gZIL to encourage participation in network governance while launching its staking system in October 2020. gZIL is a token that is distributed with staking rewards only for the first year and is offered to long-term token holders. gZIL holders have the right to make suggestions and participate in voting on the Zilliqa protocol, giving them a say in the future of the network.Who is the Founder of Zilliqa?Who is the Founder of Zilliqa? Zilliqa is a project founded by a team, not a single person. This founding team, which came together in 2017, shared a vision of making blockchain technology scalable. The co-founders of the Zilliqa project include cryptography researcher Amrit Kumar, computer scientist Dr. Prateek Saxena, software engineer Dr. Xinshu Dong, financial sector expert Juzar Motiwalla, and entrepreneur Max Kantelia.These names laid the foundations of Zilliqa by combining their experiences in academia and industry. For example, Dr. Prateek Saxena is known for his academic work on blockchain at NUS, while Amrit Kumar brought his expertise in security and cryptography to the project. Xinshu Dong served as the first CEO and led the technical development of the platform.Amrit Kumar is the most well-known founding member among them. So who is Amrit Kumar? Amrit Kumar was one of the leading co-founders of the Zilliqa project and served as the platform's long-time president and chief scientific officer. Kumar, who has a PhD in cryptography, worked as a researcher at the National University of Singapore (NUS) before founding Zilliqa and specialized in academic solutions to the question of what sharding is in blockchain.Together with his advisor Dr. Prateek Saxena at NUS, he played a critical role in the process of transforming the theoretical sharding concept into a commercial blockchain network. Amrit Kumar guided the project in many stages from the establishment of Zilliqa to the growth of the ecosystem. After leaving his active duties at Zilliqa at the end of 2021, he continues to work with different initiatives in the blockchain world.Frequently Asked Questions (FAQ)Below are some frequently asked questions and answers about Zilliqa:What is Zilliqa and how does it work?: Zilliqa is a blockchain platform that uses sharding technology and can offer high scalability. Sharding divides the network into smaller pieces, allowing each shard to process independently, thus increasing the network's transaction capacity and speed. Zilliqa can support thousands of transactions per second with its parallel processing architecture.What does ZIL coin do?: ZIL is the native token of the Zilliqa network and is used for different functions such as paying for transactions on the network, staking, and governance. In addition, the question of what does ZIL token do can be answered as follows: It is also used to process decentralized platforms such as DeFi applications and NFT marketplaces.How is sharding technology implemented in Zilliqa?: Zilliqa increases its transaction capacity with each additional node joining the network using sharding technology. Sharding divides the network into smaller pieces (shards) and each shard processes transactions in parallel. This method allows Zilliqa to offer much higher transaction speed and scalability.How is Zilliqa staking done?: Zilliqa staking allows ZIL token holders to contribute to network security by locking their tokens to network validators and earn rewards in return. Users can earn around 6% annual staking returns by depositing their ZIL tokens into Zilliqa validator nodes (Staked Seed Nodes). Staking helps participate in the network's consensus mechanism and increase Zilliqa's security.What is the Scilla language, why is it different?: Scilla is a programming language developed by Zilliqa used to write secure smart contracts. Unlike other smart contract languages, Scilla uses the functional programming paradigm and offers formal verification. This feature makes the behavior of contracts more reliable and error-free, thus minimizing potential vulnerabilities (e.g. re-entry attacks).Follow our JR Kripto Guide series to learn about Zilliqa, a prominent Layer-1 project with high processing power, and the use of the ZIL token
What is Chiliz (CHZ)?
Have you ever thought about combining sports and crypto? Imagine a world where fans rocking the stands while watching a football match not only cheer but also make decisions about the future of the club… Chiliz makes exactly that possible. Chiliz (CHZ) is a cryptocurrency platform that aims to increase fan engagement in the world of sports and entertainment with blockchain. Founded in 2018 by Alexandre Dreyfus, Chiliz offers an ecosystem that allows fans to connect with sports clubs in a more interactive way. The project works integrated with the Socios.com platform, offering fans the chance to participate in the decision-making processes of their favorite teams. It also allows fans to win prizes through cryptocurrencies. In other words, Chiliz offers a very innovative approach: We can say that it digitizes the traditional fan experience. Because it added the concept of “fan token” to the cryptocurrency dictionary and continues to be one of the giants in this field. In addition, it has created a new revenue model for sports clubs. In this guide, we will examine in detail what Chiliz is, how it works, and how it revolutionized the sports industry. Definition and Origin of ChilizChiliz (CHZ) is a blockchain platform focused on sports and e-sports and the name behind the cryptocurrency called CHZ. So, what does Chiliz do? The platform generally allows fans to interact with their favorite teams through special fan tokens. Essentially, it is a platform where fans can buy tokens, influence team decisions and win prizes, while teams can earn money from their fan base in new ways. In short, the answer to the question of what Chiliz is is “a blockchain network that allows fans to participate more actively in their clubs.” This network forms the infrastructure of the fan platform called Socios.com. The foundations of Chiliz were laid by Alexandre Dreyfus in 2018. The CHZ token entered the markets in February of the same year. Developed under the Malta-based company Mediarex, Ciliz has taken interaction to a whole new level by offering cryptocurrencies to the fans of sports clubs.The aim of Chiliz is to make the interaction between fans and sports clubs two-way. When looking at classic methods, fans are generally passive consumers. However, thanks to Chiliz, clubs are issuing fan tokens, giving fans a say in certain matters. So, what is a fan token? Fan tokens are digital, utility tokens issued by a sports club or organization under its own brand. These tokens allow fans to participate in the club's decision-making processes, and also offer various privileges. For example, a fan token holder can vote on issues such as their team's jersey design, stadium music, or award ceremonies via the Socios application. Fan tokens are produced on the Chiliz blockchain. These are also the answers to the question of "what is Socios com": Socios is a platform that offers fans surveys and votes using the Chiliz infrastructure, and enables token trading and rewards. Socios.com app. Source: Socios On the other hand, the utility token of the Chiliz platform is called CHZ. If we look at the question of "what is CHZ coin", we see that it is actually the native cryptocurrency of the Chiliz network. CHZ was produced in a way that is compatible with the Ethereum network and therefore initially came out in the ERC-20 standard. The currency used to purchase fan tokens in the Socios.com application is CHZ. In other words, when a fan wants to acquire the token of the club they support, they first purchase CHZ from exchanges or the Socios application. Then, using these CHZs, they can buy, for example, an FC Barcelona or Juventus fan token. In short, if you ask what Chiliz does: Chiliz; It creates an innovative ecosystem that bridges the gap between clubs and fans, offering fans blockchain-based say and rewards.Chiliz History: Major MilestonesAlthough Chiliz is not as old as Bitcoin or Ethereum, it is a highly reputable platform with what it has contributed to the blockchain field. Despite its relatively short history, it has experienced rapid growth in both the sports and cryptocurrency worlds. The major milestones in Chiliz’s history are as follows:2018 – Establishment and CHZ token launchThe Chiliz project was launched in 2018, and the CHZ token was first released the same year. Alexandre Dreyfus and his team announced the project by launching CHZ in February 2018. Chiliz attracted the attention of major investors during its establishment; for example, a private sale in mid-2018, which included the participation of industry giants such as Binance, raised approximately $65 million. This funding was channeled into the development of Socios.com, the world’s first large-scale fan engagement platform. The Socios app was designed as an environment where fans could buy tokens and vote. The development of its first version accelerated between late 2018 and early 2019.2019 – Launch of the Socios app and the launch of the first fan tokens2019 was a turning point for the Chiliz and Socios ecosystem. In 2019, the Socios app was launched with its features. The app allowed users to buy and sell fan tokens with CHZ via mobile devices, participate in club surveys, and manage their token wallets. Moreover, Socios’ first major partnerships were announced during this period. The world’s first official fan tokens were introduced at the end of 2019: Italian club Juventus and French club Paris Saint-Germain (PSG) became the first teams to issue their own fan tokens.The launches of the Juventus fan token (JUV) and PSG fan token (PSG) were recorded as important moments as they allowed the traditional sports world to get to know blockchain. Thanks to these tokens, fans of the clubs in question started voting on certain issues such as the club anthem selection. One of the main features of the Socios app, the poll and voting function, found real use for the first time in Juventus and PSG polls.In addition, token trading and club-based competitions started on Socios in 2019. The application also introduced rewarded interaction tools such as quizzes and token earning. These developments provided a concrete introduction to the application to the audience asking the frequently heard question “What is Socios.com?”. In addition, a first was signed in the category of fan participation applications.2020 – Agreements with major clubsIn 2020, Chiliz signed many agreements that made a splash in the football world. Especially the major clubs of Europe joined the Socios platform one by one. FC Barcelona announced the fan token called $BAR by reaching an agreement with Chiliz in February 2020. With the launch of the Barcelona fan token, 600 thousand tokens were offered for pre-sale for fans and this sale sold out in just a few hours, earning the club approximately 1.2 million euros. This success was one of the most striking examples of fan tokens and set an example for other clubs.In 2020, clubs such as Atletico Madrid, AS Roma, and our country's Galatasaray also announced their Socios partnerships and launched their own fan tokens. Galatasaray, in particular, became the first Turkish club to sign an agreement with Socios, issuing the $GAL token and introducing this concept to a wide audience in Turkey. During the same period, e-sports teams and different sports organizations such as UFC also started to join the Chiliz ecosystem.2021 - Expansion and mainstream recognition2021 has seen the concept of fan tokens gain more visibility in the mainstream. In 2021, Chiliz forged new partnerships with sports organizations in Italy, England, Spain and even the United States. English and European clubs such as Manchester City, Inter Milan, Arsenal and Everton have joined Socios and launched their own tokens. Chiliz has become more accepted as an alternative revenue model in the sports industry. Due to the COVID-19 pandemic that began in 2020, clubs’ stadium revenues had decreased. As a result, they have made significant revenues from fan token sales through Chiliz. For example, long-standing Italian club AC Milan managed to raise over $6 million from the ACM fan token offering that took place at the beginning of 2021.Socios also made appearances at traditional sporting events in 2021: that year, the Chiliz/Socios brand sponsored the Ballon d’Or (World Player of the Year) ceremony for the first time. In other words, it has increased its global recognition considerably. Again in the same year, it was announced that world-famous football player Lionel Messi was given PSG fan tokens as part of his “welcome package” when he transferred to PSG.2022 – The ecosystem has maturedBy 2022, the Chiliz ecosystem had grown considerably. In addition to football, the Socios platform also had many partners from fields such as basketball, American football, and esports. The total number of fan tokens had exceeded 50, and sports clubs had made significant progress in adapting to blockchain technology. According to a Reuters report, as of the beginning of 2022, the total value of the entire fan token market had reached approximately $300 million. During this period, it was seen that Socios also turned to agreements with Formula 1 teams and some NBA teams. The popularity of fan tokens has increased and decreased with major sporting events. For example, during the 2022 FIFA World Cup, there were volume and price fluctuations in the teams' tokens. However, in general, digital interaction between clubs and fans has begun to normalize. The success of the PSG, Barcelona, and Juventus fan token projects paved the way for other teams to take similar steps. By the end of 2022, Chiliz had completed preparations for a major update that would take its technological infrastructure a step further.2023/2024 – Chiliz Chain 2.0 and NFT supportChiliz welcomed 2023 with the decision to develop its own blockchain network. This new network, called Chiliz Chain 2.0, was announced in the last months of 2022. It was built on Chiliz's existing system as an independent layer-1 blockchain. While CHZ and fan tokens previously worked on the Ethereum network, Chiliz now has its own blockchain with Chiliz Chain 2.0. This transition, referred to as the Chiliz Chain 2.0 transition, brought with it many innovations. The new chain was designed to be compatible with the Ethereum Virtual Machine (EVM), allowing developers to use the smart contracts they are used to on the Chiliz network.NFT-supported features were also added to the Chiliz ecosystem during this period: Sports clubs and app developers can now produce tickets, digital collections and souvenir products in NFT format on Chiliz Chain 2.0. Chiliz even started testing NFT tickets at some sporting events (NFT tickets became active as of May 2025 and were used in the KLPGA Championship in South Korea). It also announced that it will distribute digital collections (POAP - Proof of Participation Protocol) that document fans' participation in the stands (an example of this can be seen at the TOKEN2049 event in Singapore or the Korea Blockchain Week 2024 event).One of the most important features of Chiliz Chain 2.0 was the rewarding of users who contribute to the security and transactions of the network. Because in 2023, the mechanism called CHZ staking was put into effect: CHZ token holders can now contribute to network security by locking their tokens to the validator nodes of the Chiliz chain and in return, they can earn new CHZ rewards at certain rates annually. Thus, CHZ token holders are no longer just a coin bought by fans. It has also become a coin preferred by investors who want to play a role in the management and security layer of the blockchain.In the summer of 2023, Chiliz gradually transferred all fan tokens created on Ethereum to its own main network; as of September 2023, all tokens on Socios started working on the Chiliz Chain. In this way, transaction fees were reduced and the platform became more independent.In 2024, the Chiliz ecosystem took steps towards becoming a sports innovation center in the Web3 world by launching global hackathons and incentive programs for the development of decentralized applications (dApps) on the new chain. Now Chiliz is not just a “token issuing company” but also a blockchain ecosystem where other developers can develop sports and entertainment-focused projects.Why is Chiliz Valuable?Chiliz has quickly become one of the leading platforms at the intersection of sports and blockchain. So, what exactly makes Chiliz valuable? Here are the main points that highlight the value of Chiliz and the usage areas of the CHZ token...Chiliz is one of the first platforms that transformed the fan experienceChiliz is currently a pioneer in terms of digitizing fan interaction. Because it is one of the first blockchain projects that allowed major sports clubs around the world to issue official fan tokens. This gave Chiliz the “first mover” advantage. For example, its agreement with clubs such as Juventus and PSG to implement the fan token concept positioned Chiliz as an innovative brand in the sports world. As we mentioned before, this concept improved the traditional fan experience. Fans were no longer just watching the match. They also became active actors who influenced their teams' decisions through crypto assets. Thanks to this innovative approach, Chiliz became one of the first names that came to mind when it comes to sports clubs and blockchain integration.CHZ token usage is quite wideAnother thing that adds value to Chiliz is of course its own token. CHZ token usage area is quite diverse and wide. First of all, CHZ is the basic currency used to buy fan tokens on Socios.com. Fans need CHZ when they want to obtain or buy and sell the token of their favorite team. In addition, CHZ has also taken on the role of gas fee (transaction fee) and governance token with the launch of Chiliz Chain 2.0. In other words, the fees for transactions to be made on the Chiliz network are paid with CHZ and CHZ can be used in new applications on the network. Chiliz ecosystem. Source: CoinBureau In the Socios ecosystem, different use cases have emerged with CHZ, such as not only token purchases, but also participation in special events, purchase of NFTs and souvenir products. For example, some clubs offer special content or VIP rewards to those who hold a certain number of fan tokens. Taking advantage of these advantages can also indirectly increase the demand for CHZ. In short, when asked what Chiliz is for, it can be stated that the CHZ token is a trading vehicle for club tokens on the one hand, and the lifeblood of the Chiliz chain on the other.It offers an alternative income area for clubsChiliz has created a new source for sports clubs beyond traditional income items. Fan token sales have made significant contributions to the clubs' coffers, especially as an alternative to the decreasing ticket and broadcast revenues during the pandemic. For example, the $ 1.3 million income it obtained from the BAR token pre-sale or the more than $ 6 million AC Milan earned from the fan token offering show that we should not ignore the power of the financial potential of this model. Fan tokens can also create a continuous income stream. Because as token owners increase, the brand value of the club increases and collaborations increase. According to a study conducted by Marca, it is predicted that fan tokens will become the second largest source of income in the sports industry after broadcasting rights in the coming years. Moreover, while some of the fan token revenues go directly to the clubs' coffers, some are allocated to rewards and events for the fans, creating a sustainable economy.Blockchain integration for sports clubsChiliz has enabled sports clubs that may be distant from technology to easily step into the blockchain world. Thanks to Chiliz, clubs were able to create their own token economies without getting into complicated technical details. According to the project's website, the Chiliz network has already been adopted by more than 70 elite sports teams. This ecosystem has created a global "sports blockchain network" by bringing together world giants and local league teams under the same roof. In this way, sports clubs integrated with blockchain technology, while Chiliz provided both the technical infrastructure and set standards in the industry. In addition, thanks to the API and tools provided by Chiliz, clubs can develop their own applications, NFT collections or games. In other words, the platform has become open to third-party innovations. Some fan tokens issued via Chiliz and their initial sale prices. Source: Socios Chiliz staking and community contributionThe Chiliz staking mechanism, which will be launched in 2023, has added a new dimension to the value proposition of the CHZ token. Now, community members can stake their CHZ to help secure the network while earning passive income. The initially high annual staking rewards have incentivized the community to contribute to the network. For example, the inflation rate for the first year of Chiliz Chain 2.0 was set at around 8.8 percent. A large portion of these newly issued CHZs are distributed as rewards to validators and stakers. In this way, network security and decentralization are targeted, while long-term demand for the CHZ token is created. The staking feature has also made Chiliz a long-term project.Who is the Founder of Chiliz?The founder and CEO of Chiliz is Alexandre Dreyfus. For those wondering who is the founder of Chiliz, Dreyfus is known as an entrepreneur who brings together the worlds of blockchain and sports. So, who is Alexandre Dreyfus? To put it briefly, Dreyfus is a tech entrepreneur originally from France (with British citizenship) and has been active in the digital media and iGaming (online gaming/betting) sectors for over 20 years. Dreyfus began his internet entrepreneurship in the late 1990s and was involved in the founding of successful online poker and gaming platforms such as Winamax at a young age. Alexandre Dreyfus Dreyfus, who gained significant experience in the field of online gaming with the company Chiligaming he founded in 2006, launched the sports and entertainment-focused Mediarex Sports & Entertainment company in Malta in 2012. Dreyfus, who acquired and managed projects such as the Global Poker Index (GPI) within this company, played a role in the digitalization of sports and data analysis. Alexandre Dreyfus' Web3 entrepreneurship adventure reached its peak with Chiliz. In 2018, he launched the Chiliz project, predicting that blockchain technology could revolutionize the sports industry. As the founding CEO of the Socios.com platform, Dreyfus turned the fan token ecosystem, which dozens of teams around the world participated in, into a reality in a few years.Under Dreyfus' leadership, we can say that Chiliz turned into a global success story starting from Malta and extending to Europe, then to Latin America and Asia. Alexandre Dreyfus frequently emphasizes in conferences and interviews that Chiliz's goal is to "turn fans from passive consumers into active participants and stakeholders." Frequently Asked Questions (FAQ)In this section, we answer some frequently asked questions about Chiliz and CHZ in short answers. Below is some information that may be useful for both newcomers to the Chiliz fan token ecosystem and existing users:What is Chiliz and how does it work?: Chiliz is a blockchain platform developed specifically for the sports and entertainment industry. It allows fans to purchase fan tokens of their favorite clubs using the cryptocurrency CHZ and participate in club decisions through these tokens.What can be done with the CHZ coin?: The CHZ coin is at the core of the Chiliz ecosystem and has multiple functions. The first thing you can do with CHZ is to buy fan tokens through Socios.com. Secondly, CHZ can be used in trading transactions. There are CHZ trading pairs on many cryptocurrency exchanges, so you can convert your CHZ to different currencies or crypto assets. Thirdly, with the launch of Chiliz Chain 2.0, the CHZ staking opportunity has emerged. This means that you can earn passive income at certain intervals by depositing (staking) your CHZ to validators on the Chiliz network. Fourth, CHZ is also used to pay transaction fees (gas fees) on the Chiliz network. For example, if you want to create a new smart contract on the Chiliz blockchain or mint an NFT, the required fee is charged in CHZ.What is a fan token?: A fan token is a blockchain-based crypto asset issued by a sports club or organization. These tokens offer fans the opportunity to interact with the club and have a say in some matters. Each fan token is specific to the club it belongs to and is usually referred to by the name or abbreviation of the club. For example, the $GAL token represents Galatasaray, and the $BAR token represents Barcelona.Which clubs does Chiliz work with?: The Chiliz/Socios ecosystem collaborates with many clubs and organizations around the world. We have already mentioned the PSG, Barcelona and Juventus fan token projects. Apart from this, for those wondering which clubs Chiliz works with, we can list some prominent examples: Manchester City and Arsenal from England, FC Union Berlin from Germany, Galatasaray and Trabzonspor from Turkey are among the clubs Chiliz has partnered with. Teams such as River Plate and Corinthians in South America and Urawa Red Diamonds in Asia have also issued fan tokens on the Socios platform. MMA/UFC, esports (e.g. e-sports teams such as OG, NAVI) and Formula 1 (F1 teams such as Aston Martin, Alfa Romeo) are other sports branches Chiliz works with.Who can use the Socios app?: The Socios app is basically a platform open to sports enthusiasts from all over the world. Anyone who has a smartphone and wants to interact more with the teams they support can use the app.Follow our JR Kripto Guide series to understand Chiliz, which emerged from the combination of the sports and blockchain worlds, and the power of the CHZ token.
Trump-Backed USD1 Forms Partnership with an Altcoin
Another noteworthy development has taken place in the cryptocurrency sector. Plume Network and World Liberty Financial (WLFI) have announced a new strategic partnership. Under this partnership, the stablecoin USD1 will no longer be limited to Binance Smart Chain; it will be expanded to multiple blockchain infrastructures. It was announced that USD1 will be used as the official reserve asset for pUSD, Plume Network's own blockchain-based stablecoin.Altcoin PLUME has partnered with USD1Plume Network stands out as a platform that enables the tokenization of real-world assets (RWA) and their integration into decentralized finance systems with its Ethereum Virtual Machine (EVM)-compatible infrastructure. The network's recently launched Genesis mainnet made a highly notable debut with over $250 million in tokenized assets and over 100,000 wallets. Plume, which works closely with the U.S. Securities and Exchange Commission (SEC), is also known for its sensitivity to regulatory compliance.USD1 is a stablecoin pegged at a 1:1 ratio to the US dollar, backed by solid reserves such as government bonds and cash equivalents. This structure represents a more conservative approach prioritizing the security of institutional investors. As the stablecoin market has grown by 54% over the past year to reach a volume of $253 billion, USD1's expanded access to this market could drive increased institutional interest.Plume Network CEO and co-founder Chris Yin stated the following in his remarks about the partnership:“World Liberty Financial’s selection of Plume as a strategic multi-chain partner validates the vision of our custom-built RWAfi infrastructure. The integration of USD1’s institutional foundation into our vibrant ecosystem creates immediate opportunities in tokenized real-world assets. This, in turn, brings new use cases that transform access to yield-generating RWA assets for institutional investors and users.”PLUME price saw an increaseWLFI's Chief Operating Officer Zak Folkman noted that this partnership marks the first major step in USD1's multi-chain expansion. WLFI's connection to the Trump family further highlights the deal from a political and media perspective.Following the partnership announcement, the PLUME token gained 5% in value, attracting investor interest. According to market data, Plume's token is currently trading at $0.09, with a market value of over $182 million. The 24-hour trading volume is approximately $49 million. The value losses experienced over the past 30 days appear to have been partially offset by this partnership news. According to experts, past cross-chain stablecoin integrations have increased liquidity and driven significant growth in total value locked (TVL). In this context, USD1's integration into Plume's infrastructure could enable the creation of more complex financial products and enhance asset efficiency.
