Grayscale announced the launch of staking ETFs for #Ethereum ETF, following Rex-Osprey.At the same time, it was stated that if the Solana ETF $GSOL for Solana ( $SOL ) is approved by the U.S. SEC, it will also be launched as a staking ETF.BlackRock’s staking ETF is also on the horizon ...

I’m surprised AI mindshare is only down 3% this week.This is probably one of the most exciting times to be deep in crypto with an insane cadence of developments:1) The market shift from centralized to decentralized Perps (@Aster_DEX @HyperliquidX @Lighter_xyz and the smaller DEXs like @vooi_io )2) Privacy, ZCash and ZK tech3) DeFI protocols & interesting launch/investment mechanisms (@MeteoraAG + @flyingtulip_ )4) NFT Innovation with PUNKSTRATEGY and all the derivatives adding liquidity flows to an otherwis ...

Top 3 chains by stablecoin users: @trondao, @solana, and @ethereum. https://t.co/tLp8DU6TVN ...

Core Viewpoint - Public chains are considered the "trust infrastructure" of the digital world, making them a worthy investment due to their foundational role in Web3 and their characteristics of decentralization, transparency, and smart contract execution [1] Investment Logic: Three Dimensions to Filter Potential Public Chains - **Technical Route**: Innovations that address the "impossible triangle" are crucial for public chains [1] - **Ecosystem Vitality**: Growth in developers and users is key to the success of public chains [1] - **Business Model**: Revenue generation and token economic models are essential for sustainability [1] Key Characteristics of Public Chains - **High Technical Barriers**: Public chains are the source of blockchain innovation, with technological iterations directly impacting industry dynamics, such as Ethereum's transition from PoW to PoS [2] - **Strong Ecosystem Network Effects**: High migration costs for developers and users create a "moat" for leading public chains, with Ethereum holding 70% of DeFi's Total Value Locked (TVL) [2] - **Policy Dividend Window**: As global regulations become clearer, compliant public chains are expected to have long-term growth opportunities, exemplified by Polygon's collaborations with financial institutions [2] Performance and Ecosystem Insights - **Modular Architecture**: Celestia focuses on the data availability layer, reducing Layer 2 development costs, with a projected market cap growth of over 200% by 2025 [3] - **High-Performance Optimization**: Solana achieves thousands of transactions per second (TPS) through Proof of History (PoH), with DEX trading volumes expected to surpass Ethereum multiple times in 2024 [3] - **Security and Decentralization**: Ethereum's sharding and Danksharding technologies could theoretically increase TPS to 100,000 by 2025, while reducing gas fees by 90% [3] - **Developer Community**: Ethereum boasts the largest developer community globally, with over 48 million smart contracts and more than 3,000 ecosystem projects [3] - **User Activity**: Solana has surpassed 1 million daily active addresses, with growth in on-chain gaming and high-frequency trading users [3] - **Cross-Chain Interoperability**: Polkadot and Cosmos are enhancing multi-chain ecosystems through the Inter-Blockchain Communication (IBC) protocol, with cross-chain DeFi TVL expected to exceed $20 billion by 2025 [3] - **Block Space Sales**: Ethereum's gas fees and EIP-1559 burning mechanism are projected to generate over $450 million in revenue by 2025, showcasing significant deflationary effects [3] - **Application Layer Fees**: Arbitrum, as a Layer 2 solution for Ethereum, is expected to capture transaction fees through Optimistic Rollup technology, with TVL projected to exceed $50 billion by 2025 [3] - **Ecosystem Subsidies**: BNB Chain leverages exchange traffic to maintain user engagement through token buybacks and burns [3] Individual Public Chain Analysis - **Ethereum (ETH)**: Recognized as the "operating system of the digital world," it has a clear technical route, deep ecosystem moat, and high institutional recognition, with risks including increased competition and regulatory uncertainty [5] - **Solana (SOL)**: Known as the "king of high-frequency trading," it offers high TPS and low gas fees, with risks related to centralization and network stability [6] - **Arbitrum (ARB)**: Positioned as the "core of Ethereum scaling," it benefits from EVM compatibility and leads in Layer 2 TVL, with risks tied to reliance on Ethereum's mainnet security [7] - **Sui (SUI)**: A "Move language innovator," it enhances transaction parallel processing and aims for significant growth in ecosystem projects by 2025, facing challenges in market education [8] - **Celestia (TIA)**: As a "modular infrastructure pioneer," it provides a data availability solution that lowers Layer 2 development barriers, with a projected market cap growth of over 300% by 2025, though it faces maturity challenges [9] Shift from Performance Competition to Ecosystem Collaboration - The competition among public chains has evolved from mere performance optimization to a deeper integration of technology, compliance, and the real economy [12] - **Cross-Chain Connectivity**: Polkadot and Cosmos are driving multi-chain ecosystem interoperability, with cross-chain DeFi TVL expected to exceed $20 billion by 2025 [12] - **Compliance Adaptation**: Exchanges like Messiah are providing secure entry points for institutions through compliance frameworks, promoting the mainstream adoption of DeFi [12] - **Integration with Real Economy**: Akash Network is integrating decentralized physical infrastructure networks (DePIN) to tokenize real-world assets like charging stations and solar power plants, facilitating the digitalization of traditional industries [12] Conclusion - Public chains represent the "trust infrastructure" of the digital world, with investment focus on technological iterations, ecosystem vitality, and compliance processes. Short-term opportunities lie in modular solutions (Celestia), Layer 2 (Arbitrum), and high-performance chains (Solana), while long-term prospects favor the continued evolution of the Ethereum ecosystem. The collaboration between Akash Network and Messiah Exchange highlights the potential for technological implementation and compliance adaptation [13]

Directionally correct, but framing is off.Again, "success" here is value-accrual to the network and token. That's how we measure it for literally everything.Chain metrics off the chart but token downbad? Scam.Chain metrics shitty but token up? Also scam.Chain metrics up and token up? Future of France.In a future where apps continue to earn outsized returns relative to their infra counterparts, due to things like ASS/BAM, a chain needs 1 of 2 things (preferably both) to keep up with what will be application ...

Watching #SOL ecosystem grow is like watching a rocket prep for lift-off 🚀. Feeling optimistic! ...

RT Forward Industries – $FORD (@FWDind)Solana on pace to become the most discussed crypto in all of venture capital. $SOL https://t.co/p1bg45rqqx ...

Just like i told you $BTC is having nuclear reversal pump$ETH $ASTER $SOL $DOGTHE HUNTER ✴️ (@TrueGemHunter):We are going nuclear very soon 👀 get ready ...

Which #altcoin do you think will outperform in Q4 2025? 📊🔹 ETH🔹 SOL🔹 ASTR🔹 ADA🔹____? ...

$ETH → $10,000$BNB → $2,000$SOL → $1,000$XRP → $30$DOGE →$3$SUI → $7$WLFI → $3$PENGU → $5 WHAT ELSE AM I MISSING? ...