March 24th Key Market Information Gap, a Must-See! | Alpha Morning Report

Top News

1. Possibly Due to "Trump Pump" News, TRUMP Surges Over 12% in a Short Time

2. Metaplanet Further Acquires 150 BTC, Increasing Total Holdings to 3,350 BTC

3. Ethena TVL Surpasses $6.5 Billion, Reaching an All-Time High

4. PancakeSwap's Revenue Hits $3.45 Million in the Last 24 Hours, While Uniswap Only at $123,000

5. Trader Eugene: Bottom May Be In for Strong Altcoins, but Current Low Volatility Does Not Present an Entry Opportunity

Articles & Threads

1. "Token Design Predicament and Solutions: Shifting from Incentive Mechanisms to Demand-Driven Changes"

This article analyzes the key issues with current token design, including liquidity mining, no-threshold airdrops, high FDV low circulation, and the lack of revenue sharing or value accrual mechanisms. Excessive incentives and unreasonable token releases have led to market dilution and price drops, lacking long-term value creation. To address these issues, a demand-based unlocking plan is proposed, emphasizing that tokens should be sold at a discount to truly committed users and ensuring the token's long-term value and market demand through revenue sharing and value accrual.

2. "Two Million Gasless Transactions in One Month: Is Account Abstraction a Trend or a Bubble?"

The article summarized that within 30 days, 89 projects on 9 blockchains processed over 2 million gasless transactions through an ERC-4337 smart wallet, saving approximately $11,700 in gas fees. However, the surge in transaction volume may mask the true user demand, as one-off activities such as NFT minting and airdrops led to a short-term increase in wallet numbers but a low retention rate. The data indicates that Gas sponsorship can attract users, but sustained engagement relies on attractive applications. While ERC-4337 has promoted the adoption of gasless transactions, it faces technical complexity and cost challenges. In the future, EIP-7702 is expected to further simplify and accelerate its adoption.

Market Data

Daily market-wide funding rate heatmaps (as reflected by funding rates) and token unlocks

Data Source: Coinglass, TokenUnlocks

Funding Rate

Token Unlocks