Project Overview - Metamask officially launched a perpetual contract trading activity, encouraging users to participate in "transaction mining" to earn points [1][2] - The activity offers a clear path for users to potentially receive a Metamask airdrop, and also a $Linea airdrop as an interim reward [2] Participation Guide - Users can download or update to the latest version (v7.57.0) of the MetaMask mobile app and enter the "Rewards" section to claim an initial 250 points [3][4] - Entering the referral code NGDG0G grants an additional 250 points, equivalent to avoiding $40,000 in trading volume [4][7] - Users can deposit USDC (preferably via Arbitrum for faster transactions) and start trading perpetual contracts [4] Point Accumulation - Spot trading earns 10 points per $800 traded, while contract trading earns 10 points per $100 traded, making contract trading more efficient for point accumulation [4] - Using older wallets with prior Metamask swap or cross-chain activity can yield loyalty rewards, potentially accumulating up to 50,000 points [6] Rewards and Strategy - Achieving 1,000 points by the end of the season (86 days) may qualify users for $Linea tokens [6] - High point totals can reduce transaction fees, suggesting a strategy of focusing on high scores with a main account and lower scores with smaller accounts [6]

Industry Trend - The document highlights a recurring pattern of "transaction mining" in the cryptocurrency space, occurring approximately every two years: 2019 (ft), 2021 (dydx), 2023 (zkf), and projected for 2025 (aster) [1] - The industry questions the sustainability of this "transaction mining" model over a longer period, specifically a decade [1]

Market Share & Competition - Pump has seized 36.6% of the market share, driven by transaction mining expectations [1] - The SOL launchpad platform coin sector faces intense competition, making it difficult for any single platform to maintain dominance [1] - The competition in the SOL launchpad platform coin space is likened to the "Hundred Regiments Battle" in the internet industry, with new entrants constantly emerging [1] - Similar competitive dynamics are observed in the TG bot arena, where initial leaders like Unibot have been overtaken by competitors [1] Key Projects & Tokens - Troll (巨魔) is identified as a leading token experiencing a resurgence [1] - Transaction mining on @theunipcs bonkguy is highlighted as a catalyst for the market rebound [1] - BAGS and Jup are mentioned as emerging "small gold" projects [1] Strategic Considerations - Capital is expected to flow into areas with potential, intensifying competition in the SOL launchpad platform coin space [1] - The ongoing competition in the SOL chain is expected to persist as long as there is available capital [1]