Week in GameFi: FIFA NFTs Flagged, Sorare Migrates to Solana, Gaming tokens bleedGaming tokens correct as BTC falls below $122K! Football.​Fun prepares Q4 token airdrop! Vulcan Forged (LAVA) rips 1,005% while Seraph sheds 70%!Let's uncover what kept Web3 gaming moving this week! 🧵1/6 ...

Core Insights - The recent surge in BNB's price has garnered significant attention, with BNB reaching an all-time high above $1,300 earlier this week, despite a 2.5% decline in the last 24 hours [1] - BNB has surpassed Ripple's XRP and Tether's USDT, currently ranking as the fourth-largest cryptocurrency with a market cap of $170 billion [1] Group 1: Market Activity - BNB Chain experienced a "meme coin frenzy," with total trading volume reaching approximately $20.5 billion on October 8, significantly higher than Solana's $12.7 billion [2] - A trader reportedly turned $3,000 into $2 million by sniping a meme coin on BNB Chain, although the rally halted after Binance founder Changpeng Zhao clarified his social media posts were not trading endorsements [3] Group 2: Drivers of BNB's Surge - Industry experts attribute BNB's surge to Binance's scale and user reach, noting $14.8 billion in inflows last quarter, which correlates with increased BNB Chain activity [4] - Zac Cheah, co-founder of Pundi AI, emphasized that BNB's utility is tied to real activity on BNB Chain, which has strengthened as the ecosystem matures [5] - Cheah noted that lower gas fees and the traction of new applications in DeFi, GameFi, and AI drive on-chain usage, reinforcing BNB's position as the ecosystem's native fuel [5] Group 3: Real-World Use Cases - Marwan Kawadri, DeFi lead at BNB Chain, highlighted the emergence of real-world use cases, including tokenized assets and payments, supported by low fees and high-speed execution [6][7] - Transaction volume on Binance Smart Chain reached $27.49 million on October 9, more than doubling from $13 million the previous month [7]

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]

Core Insights - The crypto VC fundraising sector is experiencing significant consolidation, with fewer projects attracting larger amounts of capital [1][5] - Interest is shifting towards sectors like DeFi, AI, and blockchains, while RWAs, DePIN, NFTs, and GameFi are losing traction [1][6] Fundraising Trends - In Q2, institutional investment led to $10 billion in inflows, but the sector has since cooled, with token launches becoming more prominent than traditional VC routes [2] - In September 2025, the total number of VC fundraising rounds in crypto fell by 25.3% month-over-month and 37.4% year-over-year [3] - Despite the decline in the number of fundraising rounds, the total capital raised saw a 739.7% year-over-year increase, amounting to approximately $5.1 billion [4][5] Sector Performance - CeFi and DeFi accounted for nearly half of the total investment capital, with AI development and L1/L2 blockchains following closely behind [6] - The RWA market is underperforming, capturing only a 6.5% market share when combined with DePIN, indicating a lack of interest from major institutional investors [7]

Core Viewpoint - FORM cryptocurrency experienced a significant surge of over 30% in a single day, attributed to a short squeeze as traders aggressively entered long positions [1][2][3]. Price Movement - The price of FORM fluctuated from approximately $0.91 to a peak of $1.47 before stabilizing in the mid-$1.30s [1]. - The rally was noted as "+44% from lows" following a recent all-time low near $0.91, indicating the impact of thin liquidity on price volatility [3][4]. Trading Activity - Derivatives data indicated that open interest nearly doubled to $26 million, with funding rates around +0.01% per eight hours, suggesting a strong influx of long positions [2]. - Major exchanges like Binance and Bybit reported hundreds of millions of dollars in trading volume within 24 hours [1]. Market Sentiment - The recent price action has led to speculation about a potential breakout, with some analysts shifting from bearish to bullish stances [5][6]. - A notable analyst, Tryrex, identified a recovery from late-September lows and set a new long entry point above $1.14, with a profit target near $2.29 [6]. Historical Context - FORM's price history has been marked by volatility since its token swap from BinaryX (BNX) to FORM earlier this year, contributing to the current market dynamics [2][4].

🚀 Week in GameFi: GameFi Tokens Sell-Off, Solana Labs Sells GameShiftThe market sell-off continues as Bitcoin tumbled to $109.5K! Honeycomb acquires GameShift! North Korean hackers exploit Seedify.​fund!Let's uncover what kept Web3 gaming moving this week! 🧵1/6 https://t.co/IFa1djMMNE ...

#GameFi continues to grow — Tapzi presale gains attention! Are you part of the next gaming revolution? 🎮 ...

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Big narratives = big profits 📈Which theme wins next: #AI, #DeFi, #GameFi, or #RWA? ...

🚀 Week in GameFi: Alt Season Is A-Knocking, Immutable Pumps 50%Fed cuts for the first time this year! Immutable explodes 50%! Wolf Game gets a lifeline following an acquisition deal!Let's unpack what kept the GameFi wheel turning this week! 🧵1/6 https://t.co/utR51Uze7W ...