Nexity Network tokenizes trade contracts, invoices, and trade assets, not only digitizing them but also making them instantly usable, transferable, and financeable. The goal is to reduce friction in global trade, accelerate payments, and optimize capital flow through a programmable infrastructure.

What Does Nexity Network (NXT) Offer?

Nexity Network offers an on-chain trade infrastructure that aims to eliminate the fragmented structure in global trade and make transactions programmable, verifiable, and instant. By unifying the entire lifecycle from contract to final payment on a single protocol, it targets accelerating capital flow and reducing operational costs.

This approach, which redefines the way trade is conducted with software logic, aims to establish a new standard especially in the areas of access to finance, transparency, and automation.

On-Chain Trade with Nexity Network (NXT)

Nexity Network defines itself as an operating system for “on-chain trade.” It enables orders, contracts, payments, and liquidity to be coordinated on a single programmable layer. Thus, the trade process is executed from a single verifiable source instead of being scattered across email chains, ERP systems, and separate portals.

The platform’s core approach is to turn commercial operations into code. Contracts cease to be mere text documents and transform into “smart trade engines” containing milestones, obligations, and payment triggers. When specified proofs (e.g., delivery verification) are recorded on-chain, funds can be automatically released. This structure claims to provide finality in seconds.

Core Components: Full-Stack Trade Infrastructure

Nexity Network provides an end-to-end infrastructure for on-chain trade:

Contracts Structured, milestone-based agreements including identity verification, dates, amounts, and enforcement mechanisms. Verifiable and standardized contracts are created instead of free-text complexity.

Orders Orders are held on-chain along with all their terms. Negotiations, changes, and updates are recorded within a single verifiable state machine. This reduces versioning errors and fraud risk.

Payments Conditional settlement is possible through both fiat and cryptocurrency. Escrow mechanisms, partial payments, and split transfers are natively supported. Payment is automatically executed upon delivery proof.

Liquidity Invoices are converted into on-chain assets and matched in real-time with investors. The entire process from financing to closure can be transparently tracked.

Who Is It Designed For?

The NXT infrastructure addresses different trade actors:

• Corporate Companies: Can synchronize purchase orders, compliance processes, logistics, and payments in a single verifiable flow.
• SMEs: Can instantly turn receivables into liquidity and transition to on-chain trade without needing additional operational teams.
• Cross-Border Traders: Can automate customs, currency, tracking, and payment processes with delivery triggers.
• Web3 Ventures: Can combine service trade, access to capital, and compliance integration within a single infrastructure.

Real Use Cases

Example cases executed on the platform demonstrate operational efficiency and cost advantages:

• Mefin: A $250,000 B2B contract was tokenized. An investor purchased the token at a 4.5% discount; the company bridged the 60-day term without using credit.
• Promat: Purchase orders and logistics milestones were coded; event-based payment rate reached 68%, versioning errors dropped to 7%.
• Aqua Flux: Daily delivery routes were connected to a single smart contract; manual escrow transactions fell to 14%, lost document rate dropped to 0%.

Atomic Structure Instead of Fragmented Trade

In the traditional model, workflows are manual, counterparty checks occur in separate systems, and fund releases are delayed. The NXT model provides end-to-end control by offering:

• Verified parties (KYC/KYB)
• Coded obligations
• Proof-based payment release
• Export-ready full transaction history

Nexity Network (NXT) Partners and Integrations

NXT is designed to integrate with existing technology and financial infrastructures. It aims to enable companies to transition to the system without changing tools by being compatible with banks, stablecoin providers, identity verification solutions, and blockchain networks.

• Stripe
• ConsenSys
• Chainlink
• Protocol Labs
• Circle
• Revolut
• Raiffeisen Bank
• ING Bank
• UniCredit

Nexity Network (NXT) Investors

Nexity Network is supported by investors who believe in the vision of moving trade on-chain. The project has received strategic capital support in the early stage.

• Rollman Management
• Unreal Capital

Nexity Network (NXT) Tokenomics

The economic model of the Nexity Network ecosystem is structured around the NXT token. The token plays a core role in the execution of contracts on the on-chain trade infrastructure, access to liquidity, and ecosystem incentive mechanisms. Below are the project’s current supply structure and distribution data.

Distribution:

• Private Round: 16.92%
• Ecosystem Growth / Treasury: 12.74%
• Operations, Research and Development: 12%
• Liquidity: 10%
• Other: 48.33%

Total Supply: 100,000,000 NXT

Nexity Network (NXT) Team

The Nexity Network team consists of experienced names in finance, technology, and business development. The management cadre is shaped around the vision of making global trade processes programmable.

• Catalin Fetean – Co-Founder
• Tiberiu Serbaneci – Co-Founder
• Constantin Sirbu – CDO (Chief Data Officer)
• Mihai Dumitrescu – CTO (Chief Technology Officer)
• Ruslan Kapustin – Head of Research
• Vincent Calianno – CBDO (Chief Business Development Officer)

Official Links

• Website
• X (Twitter)

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The move signals a deeper push into financial services, positioning X beyond content sharing and closer to a multi-functional digital platform where communication and capital markets intersect.

Drawing a Line Against Spam-Driven Crypto Models

In his statement, Bier made it clear that the company supports crypto innovation on the platform. However, he emphasized that applications built around incentives for spam, coordinated raids, or harassment of random users are not aligned with X’s vision.

He argued that such models degrade the user experience for millions while disproportionately benefiting a small group. The platform’s approach appears to favor structured, user-centric financial integration rather than engagement tactics that compromise community standards.

This stance suggests X intends to foster sustainable crypto adoption within a framework that prioritizes usability and platform integrity.

What Are X Smart Cashtags?

Smart Cashtags are designed to turn asset symbols embedded in posts into interactive financial gateways. When users encounter a stock ticker or crypto symbol in their feed, they will be able to execute transactions directly from that interface.

If implemented as described, this feature would significantly reduce friction between discovery and execution. Instead of switching apps or visiting external trading platforms, users could potentially complete trades within the same environment where they consume financial commentary and market updates.

Such integration brings social interaction and real-time market participation into a single digital layer, potentially reshaping how retail investors engage with financial assets.

From Social Network to Financial Hub

X’s latest initiative reflects a broader ambition: transforming the platform into a comprehensive digital ecosystem. By embedding trading capabilities into the core user experience, X moves closer to the “super app” model that blends communication, payments, and investment tools.

Whether this strategy will meaningfully alter user behavior or market participation remains to be seen. However, the integration of trading directly into a social timeline marks a significant evolution in how financial services can be delivered in the digital age.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

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tradeXYZ aims to make a wide range of products—including not only crypto assets but also traditional financial instruments such as US stocks, indices, commodities, and forex pairs—available 24/7 on the Hyperliquid blockchain.

Core Vision of tradeXYZ

The tradeXYZ ecosystem views the restriction of global capital markets by specific hours, intermediaries, and geographic limitations as inefficient. The platform’s fundamental approach is to enable everyone to access liquid markets from anywhere, at any time.

This vision is built on three main pillars:

• Full control over user assets through a non-custodial structure
• Merging traditional and crypto markets into a single interface
• A decentralized, high-performance orderbook architecture

tradeXYZ represents a new generation trading infrastructure that combines decentralized finance with traditional market logic.

With 24/7 markets, a non-custodial structure, advanced orderbook architecture, and a wide range of products, tradeXYZ stands out as a key player within the Hyperliquid ecosystem.

Relationship Between Hyperliquid and tradeXYZ

All transactions on tradeXYZ occur on the Hyperliquid network. Hyperliquid is a high-capacity, fully on-chain, and decentralized perpetual trading network.

One of the most critical components of this network is the decentralized orderbook system called HyperCore. Order matching, liquidations, funding payments, and settlement processes are executed on-chain by validators.

tradeXYZ provides a user interface (frontend) that operates on top of this infrastructure. In other words:

• tradeXYZ is not an exchange
• It does not hold user funds
• It does not execute trades itself

Users access markets on Hyperliquid directly through the tradeXYZ interface.

What are HIP-3 and the XYZ Protocol?

Within the Hyperliquid ecosystem, there are network upgrades called Hyperliquid Improvement Proposals (HIP). Among them, HIP-3 enables independent developers to create their own perpetual markets on Hyperliquid.

At this point, the XYZ Protocol is a HIP-3 deployment.

The XYZ Protocol determines:

• Which assets will be listed
• Oracle sources
• Leverage limits
• Market parameters

tradeXYZ is the user interface that provides access to these XYZ markets.

Important note: tradeXYZ is not the only way to access XYZ markets. However, it offers one of the most comprehensive and integrated user experiences.

Markets Available on tradeXYZ

tradeXYZ brings together three main types of markets on a single platform.

1. Crypto Perpetual Markets

These are Hyperliquid’s native perpetual markets. On major crypto assets such as BTC, ETH, and others:

• Perpetual contracts with no expiry
• USDC collateralized
• Funding mechanism-based

Users can choose between isolated or cross margin and manually adjust leverage levels.

2. XYZ Equity Perpetuals (Stock and Index Perps)

One of the most striking features of tradeXYZ is the conversion of traditional stocks and indices into perpetual contracts.

Notable example:

• XYZ100: An index perp representing 100 major US companies, similar to Nasdaq-100

These contracts:

• Are collateralized with USDC
• Use USD-based oracle prices
• Are cash-settled

Even when traditional markets are closed, they continue to trade thanks to internal pricing mechanisms.

3. Spot Crypto Markets

Thanks to Unit Protocol integration, tradeXYZ also supports spot crypto trading.

• Native assets such as BTC, ETH, SOL
• Tokenized on their own blockchains
• Traded as spot on Hyperliquid

These assets cannot be used as collateral but offer low-fee spot buying and selling.

24/7 Oracle and Pricing Mechanism

Especially for stock and commodity perps, the biggest challenge is determining the price outside of market hours. tradeXYZ and the XYZ Protocol adopt a hybrid approach here:

• When markets are open: Institutional liquidity providers and oracle networks (e.g., Pyth)
• When markets are closed: Continuous time-weighted EMA-based internal pricing

The mark price is calculated by taking the median of oracle price, perp mid-price difference, and components derived from recent trades. This structure is restricted with specific bands to limit sudden price jumps.

Account Structure and Fund Management

On tradeXYZ, a single wallet address can have multiple account types:

• Crypto Perps Account
• Equities [XYZ] Account
• Spot Account

Instant and free transfers can be made between these accounts. However, collaterals are independent; equity perps and crypto perps do not share the same margin.

How to Use tradeXYZ?

tradeXYZ Wallet Connection

The platform operates completely non-custodially. Users can:

• Connect existing wallets such as MetaMask, Phantom, Rabby
• Or create a new wallet via email through Privy

You can also click here to read our guide titled “What is MetaMask? How to Use It?”.

After connecting the wallet:

• Deposit USDC or supported spot assets
• Enable trading
• Transfer to the relevant accounts

tradeXYZ may be restricted in certain jurisdictions (including the US) due to regulations, and wallets may undergo sanctions screening.

Depositing Spot Crypto Assets

tradeXYZ allows users to deposit spot crypto assets via the Unit Protocol infrastructure. Deposits are made through the native blockchain of the relevant asset.

The process can be summarized as follows:

• User selects the asset from the “Deposit” tab

• The system generates an asset-specific deposit address
• Transfer is made from an external wallet using the correct network

• After blockchain confirmations, the asset appears in the Spot Account

Using the wrong network or missing memo can result in loss of funds. Spot assets cannot be used as collateral in perpetual trading.

Transfers Between Accounts

Transfers between accounts are free and require only a signature.

For example, USDC received in the Spot Account can be transferred to the Crypto Perps or Equities account in seconds.

Withdrawal Operations

USDC (Arbitrum) Withdrawals

USDC withdrawals are processed via the Arbitrum network.

There is no gas fee, but a minimum protocol fee of 1 USDC applies. Therefore, at least 1 USDC must be present in the Crypto Perps account for withdrawal.

Spot Crypto Asset Withdrawals

Assets such as BTC, ETH, and similar are withdrawn via their native networks. Failure to provide the correct address, correct network, and minimum amount can result in loss of funds.

Order Types and Professional Tools

tradeXYZ offers advanced order types beyond simple buy-sell operations:

• Market & Limit
• Stop Market / Stop Limit
• TWAP
• Scale Orders
• Reduce-only
• TP / SL integration

This structure provides a comprehensive toolkit especially for professional traders and users taking hedge positions.

Official Links

• Website
• X (Twitter)
• Whitepaper

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What sets RollX apart from similar platforms is its combination of CEX-level trading performance with DeFi’s transparency and ownership model, delivered through a Bitcoin-native liquidity approach. The protocol positions itself not merely as a trading platform but as an infrastructure project aiming to become a global perpetual liquidity layer in the long term.

Core Vision of RollX (ROLL)

RollX targets three fundamental problems in decentralized derivatives markets:

• Liquidity fragmentation
• Capital inefficiency
• Lack of institutional-grade trading infrastructure

To this end, RollX is built with a single-pool liquidity model, high-leverage BTC products, multi-collateral support, and a community-owned economic structure. Transaction fees generated on the platform are shared directly with liquidity providers and stakers instead of flowing to a centralized entity.

How Does RollX (ROLL) Work?

RLP Pool: The Liquidity Backbone of RollX

At the center of RollX V1 is the RLP Pool. This pool serves as a common liquidity layer for all perpetual trading pairs on the platform.

• Liquidity is not fragmented across specific trading pairs
• All trades are matched from the same pool
• Capital utilization is maximized

The RLP token is the liquidity provider token of this pool. Starting at a price of $1, the value of RLP dynamically changes based on factors such as:

• Traders’ profit/loss positions
• Trading fees
• Funding payments
• Liquidation revenues

In scenarios where traders incur losses, the net asset value of the RLP pool increases, while in cases where traders profit, this value decreases.

BRLP Pool: Emergency Liquidity Layer

RollX uses a secondary liquidity reserve called the BRLP Pool to balance market stress. This structure activates during:

• Sudden volume spikes
• Temporary pressure on the pool

to ensure necessary liquidity is provided. Once balance is restored, the system automatically reverts to its previous state. This mechanism supports both liquidity continuity and system security.

Trading Experience on RollX (ROLL)

Leverage Structure

RollX offers some of the most aggressive leverage ratios in the industry:

• Standard crypto perpetuals: up to 100x
• BTCUSD perpetual: up to 500x

This structure is supported by optimized collateral ratios and advanced liquidation thresholds.

Classic and Pro Modes

Classic Mode: Designed for a broader user base, offering up to 100x leverage.

Pro Mode: Targeted at more experienced traders, providing up to 500x leverage.

Degen Trading Mode

One of RollX’s most striking features is the Degen Trading Mode. Available exclusively for BTCUSD perpetuals, this mode includes:

• 500x leverage
• Zero trading fees on opening
• Zero slippage (guaranteed price)
• Dynamic PnL-based fees on closing

In this mode, additional margin cannot be added to positions. Users must manually monitor liquidation levels.

Oracle and Security Infrastructure

RollX uses a dual-oracle system to prevent price manipulation:

• Centralized exchange (CEX) price feeds
• Pyth Network price data

This setup:

• Filters out momentary price deviations
• Reduces liquidation risks from temporary “wicks”
• Activates automatic backup mechanisms in case of oracle outages

All trades are signed from the user’s wallet, and funds never come under platform control.

Bitcoin LST and DeFi Integration

RollX supports Bitcoin Liquid Staking Tokens (LSTs) as collateral. These include:

• solvBTC
• LBTC
• pumpBTC

This allows users to:

• Stake BTC assets
• Simultaneously open perpetual positions
• Create passive yield + active trading combinations

This structure makes RollX particularly attractive for delta-neutral strategies and low-risk yield models.

What is RollX Token (ROLL)?

$ROLL is the utility and governance token of the RollX ecosystem. The token’s main purpose is to create long-term incentive alignment between traders, liquidity providers, and developers.

What is $ROLL Used For?

• Trading fee discounts
• Access to VIP and professional trading features
• Increased referral and reward rates
• Incentives in RLP/BRLP pools
• Governance voting

In the future, when RollX App Chain is launched, $ROLL is also planned to serve as the validator staking asset.

RollX (ROLL) Tokenomics

Total supply: 1 billion ROLL (fixed)

Distribution Structure:

• Community and users: 54%
• Team: 10% (locked at TGE)
• Ecosystem and partners: 14%
• Treasury and insurance reserve: 16%
• Exchange liquidity and campaigns: 6%

A key detail about RollX:

• No private sale was conducted
• No VC or investor allocation was included
• No SAFT model was used

This structure makes RollX a fully community-owned perpetual protocol.

Roadmap: Where is RollX Heading?

RollX’s long-term goal is to go beyond being a single DEX and become a universal perpetual liquidity layer.

2025–2026

• RollX V2: Hybrid match engine + CLOB
• Portfolio-based cross-margin system
• Professional APIs
• Multi-Layer-2 integration

2026 and Beyond

• RollX App Chain
• Institutional risk management modules
• Dark orders and advanced order types
• Options and structured products

Official Links

• Website
• X (Twitter)
• Whitepaper

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When is Backpack TGE Coming Out?

While no exact launch date has been confirmed, recent activity on Backpack’s official X account has reinforced expectations that the token launch is firmly on the roadmap. Subtle messaging and increased ecosystem momentum suggest that incentive mechanisms may soon become more visible as the project enters its final pre-TGE phase.

Why Airdrop Expectations Are Increasing

The possibility of an airdrop has gained traction following recent comments from the Backpack team highlighting upcoming product releases and reward-driven structures designed to boost user engagement. Although no formal announcement has been made, these signals indicate that a token distribution—either before or shortly after the TGE—remains a realistic scenario.

Community discussions suggest that if an airdrop does occur, allocation criteria may focus on measurable, on-chain activity rather than passive participation. Commonly cited factors include consistent and organic trading volume on Backpack Exchange, active involvement in point-based or volume-driven incentive systems, and ownership of NFTs linked to the Backpack ecosystem. These metrics align with distribution models used by other major crypto projects in recent years.

Click here to register for the Backpack exchange at a discounted rate.

Token Valuation and FDV Considerations

As the TGE approaches, one of the most debated topics among users and early supporters is the token’s initial valuation. Metrics such as Fully Diluted Valuation (FDV) and the effective cost per user point are seen as critical indicators of whether early participation will be rewarded proportionally.

Long-term users who have consistently interacted with the platform since its early stages are widely viewed as being better positioned, particularly if valuation parameters favor sustained, organic activity over short-term usage spikes.

What Backpack Is Building

Backpack positions itself as a comprehensive crypto platform built on a multi-chain, self-custodial wallet infrastructure. Users retain full control over their assets while accessing a unified environment that includes spot trading, perpetual futures, and lending products.

The platform is available via a desktop browser extension as well as native iOS and Android applications. With support for major networks such as Solana, Ethereum, Arbitrum, and Optimism, Backpack aims to serve as a central hub for users operating across multiple blockchains as the ecosystem continues to mature.

What is BackPack? Airdrop Hunting in the BackPack Ecosystem!

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“Bitcoin Resembles a Digital Collectible”

John Ameriks, Vanguard’s global head of quantitative equity research, has described Bitcoin as fundamentally speculative in nature. Speaking at Bloomberg’s ETFs in Depth conference in New York, Ameriks compared Bitcoin to a popular collectible plush toy, characterizing it as a “digital Labubu.”

Labubu toys are known for their collectible appeal rather than intrinsic utility. According to Ameriks, Bitcoin’s current valuation shares similar dynamics: demand driven largely by perception, scarcity narratives, and speculative interest rather than conventional financial fundamentals such as cash flows or productive output.

Not Entirely Without Potential

Despite his skepticism, Ameriks stopped short of dismissing Bitcoin outright. He acknowledged that under certain macroeconomic conditions, the cryptocurrency could evolve beyond a purely speculative asset.

In particular, Ameriks pointed to scenarios involving high inflation or political instability, where confidence in fiat currencies weakens. In such environments, alternative stores of value often gain traction, and Bitcoin could find more tangible real-world relevance. While this does not change his current assessment, it leaves room for Bitcoin’s role to expand if global economic conditions deteriorate.

Vanguard’s Carefully Framed Crypto Entry

Ameriks’ comments come shortly after Vanguard implemented a notable policy shift. In December, the firm began allowing clients to trade cryptocurrency exchange-traded funds for the first time. With this move, Vanguard joined peers such as BlackRock and State Street, becoming the last of the three major asset managers to open its platform to crypto-linked investment vehicles.

However, Vanguard has emphasized that access does not equal endorsement. Ameriks made clear that the firm is not offering guidance on whether clients should invest in crypto ETFs, nor advising on which digital assets to hold. The responsibility, he stressed, rests entirely with investors.

Bridging Traditional Finance and Digital Assets

By enabling crypto ETF trading for its more than 50 million clients, Vanguard has effectively expanded the bridge between traditional financial markets and the digital asset ecosystem. Even without direct promotion, the move could channel additional capital into crypto markets, particularly into assets tied to exchange-traded products.

These developments unfold at a time when Bitcoin trades above the $90,000 level and boasts over 16 years of uninterrupted network operation. The contrast between Bitcoin’s market maturity and Vanguard’s restrained stance highlights an ongoing tension: while institutional access continues to grow, deep skepticism about Bitcoin’s intrinsic value remains firmly rooted within traditional finance circles.

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What is Lab ?

Lab Terminal is a cutting-edge trading platform, developed through rigorous testing, refinement, and innovation. Built with precision, it equips traders with advanced tools to outperform others. Its standout features include:

• Low Fees: A mere 0.5% trading fee, half the 1% charged by most platforms.
• Professional Browser Extension: Seamless trading directly from your browser for a smooth and efficient experience.
• Four-Tier Referral System: Earn passive income by inviting friends to the Lab ecosystem, receiving rewards from their trades.
• $LAB Token Airdrop: Participate in the airdrop simply by using the terminal; higher trading volume earns more points, boosting your $LAB allocation.

Project launches on Solana with TON support and will soon expand to chains like Solana, Base, Ethereum, and BSC. The $LAB token will be claimable at the Q4 2025 Token Generation Event (TGE).

Purpose of Lab

Project addresses the fragmentation in crypto trading, where traders juggle multiple apps, losing time and money to fees and inefficiencies. Lab Terminal acts as a layer enhancing existing platforms, not replacing them. It offers rapid execution, low fees, AI-driven trading signals, advanced order types (Take Profit/Stop Loss, MEV protection, custom gas), a browser sidebar extension, perpetual futures, and multichain support. The LAB Loyalty Airdrop, with Season 1 rewarding past trades on external platforms and Season 2 rewarding active trading on LAB Terminal, runs until the Q4 2025 TGE.

How Does Lab Work?

Lab Terminal integrates with a browser extension, syncing with analytics platforms to amplify trading volume.

Wallet Tab: The main dashboard for managing assets, checking balances, and tracking transactions. Tokens are sorted by value, with views for Assets (current balances) and History (transaction logs).

• Network Selection: Switch chains (Solana, TON, etc.) from the top-left corner.
• Wallet Creation: Use “Create Wallet” to set a 4-digit PIN.
• Wallet Import: Navigate to Settings > Wallet Settings > “Import Existing Wallet” and paste your private key.
• Multiple Wallets: Filter by network, name wallets, and switch with a swipe.

Deposits: In the Wallet tab, select “Deposit” to generate a QR code and copy the address; deposit native tokens (SOL, TON), as USDT/USDC are not supported. Withdrawals: Choose “Send,” input the amount and destination address, and ensure native tokens remain for gas fees.

Browser Extension: Integrates with analytics platforms, auto-detects token pairs, and enables trading via LAB. It delivers 50% lower fees, airdrop eligibility, and swift order fills. The Telegram bot enables mobile trading, profit tracking, and strategy management.

Trading:

• Market Orders: Buy or sell instantly at market price; input amount and tap “Swap.”
• PnL Cards: Create horizontal (for sharing) or vertical (for Stories) cards to showcase trade outcomes.

Boost Mode: Optimizes the UI for rapid trade execution, available only in the browser extension.

Lab Use Cases

Lab Terminal serves traders in the following areas:

• Swift Trading: Low fees and automated algorithms.
• Multichain Support: Solana, TON, Base, Ethereum, BSC.
• Airdrop: Earn $LAB through trading volume.
• Referral System: Passive income via a four-tier system.

Usage Steps:

1. Install the extension and connect a wallet.
2. Select a token pair and place an order.
3. Set TP/SL and activate Boost Mode.
4. Generate PnL cards and refer others.

Advantages of Lab

• Cost-Effective: 0.5% fees, saving 50% compared to competitors.
• Speed: Algorithms process data preemptively for faster trades.
• Flexibility: Multichain and mobile integration.
• Rewards: Airdrop and referral earnings.

Lab (LAB) Tokenomics

The $LAB token will be claimable at the Q4 2025 TGE.

• Allocation:
  • Airdrop: 10%
  • Liquidity: 20%
  • Ecosystem & Rewards: 20%
  • Marketing & Partnerships: 15.8%
  • Investors: 19.2%
  • Team & Advisors: 15%

Lab Investors

Raised $3.15 million:

• Tier 2: OKX Ventures, GSR, Mirana Ventures, Amber Group, MEXC, KuCoin Ventures.
• Tier 3: Lemniscap, Animoca Brands, Cypher Capital, Selini Capital, Gate Ventures, Castrum Capital.
• Tier 4: Presto Labs, Red Beard Ventures, Oak Grove Ventures, Re7 Capital, TVM Ventures.
• Tier 5: NewTribe Capital.
• Others: DCF God, 0xSun, Cooker (Kms.eth).

Lab Team

• Vova Sadkov (Founder & CEO): Leadership.
• Mark X (Co-Founder & CBDO): Business development.
• Alex Grigorev (CMO): Marketing.

Official Links

• Website
• X (Twitter)
• Whitepaper

Also, you can freely share your thoughts and comments about the topic in the comment section. Additionally, please follow us on our Telegram, YouTube and Twitter channels for the latest news and updates.

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What Is Overlay Protocol?

Built on the Arbitrum blockchain, this protocol offers markets based on non-manipulable and unpredictable numerical data feeds. This makes Overlay unique within the Ethereum ecosystem, providing deep liquidity and eliminating the need for traditional swap mechanisms.

Overlay Protocol Market Types

Overlay aims to offer various markets based on non-manipulable and unpredictable data feeds. These include:

• Non-traditional crypto markets: Hash rate, gas fees, BTC difficulty, NFT floor prices, social tokens, yield rates, etc.
• Non-crypto markets: E-sports and sports, sneaker prices, scalar social-political markets, nature and science markets, etc.

This broad scope allows Overlay to facilitate trading on digital data streams, setting it apart in the DeFi space.

How Does Overlay Offer Markets Without Counterparties?

In Overlay, users build positions directly against the protocol or, more precisely, against all OVL token holders simultaneously. This model provides deep liquidity without requiring liquidity providers or traditional swap-based counterparties. The dynamic minting or burning of OVL tokens is used to manage inflation risk. For more details, refer to the protocol’s official documentation.

Pricing and Oracle Usage

Pricing in Overlay markets is not dynamic in the traditional sense; it relies on data intermittently fetched from oracles. These values are adjusted by built-in protocol mechanisms. Overlay can integrate nearly any oracle, provided the feed is non-manipulable and unpredictable. For instance, Chainlink-like oracles support data streams like the Consumer Price Index (CPI), enhancing the platform’s flexibility.

How Does Trading Work? (Collateral and Profit/Loss)

To open a position in Overlay markets, users must lock OVL tokens as collateral. Profit and loss (PnL) are settled in OVL. If a position is profitable, the protocol mints OVL to pay the user; if it incurs a loss, the locked OVL is burned to the extent of the loss. This dynamic mint-and-burn mechanism supports the platform’s liquidity and community incentives.

Overlay Protocol (OVL) Tokenomics

OVL is the native ERC-20 token of Overlay Protocol, serving two primary functions:

• Trading Participation: Users lock OVL as collateral to open positions in Overlay markets. Profitable positions lead to OVL minting, while losses result in OVL burning.
• DAO Governance: OVL holders can vote on governance proposals, contributing to the community’s development.

Token Details:

• Symbol: OVL
• Initial Supply: 88,888,888
• Maximum Supply: 1,000,000,000 (per certain launch partner requirements; however, the protocol follows a deflationary trend and has no plans to reach this level).

Token Allocation:

• Ecosystem: 42%
• Airdrop: 9%
• Marketing: 8%
• Strategic Partners: 28%
• Overlay Foundation: 13%

Overlay Protocol (OVL) Vesting Schedule

Nature of Contracts

Positions in Overlay markets resemble perpetual futures contracts (perps), with no expiration date or physical delivery, allowing contracts to roll over indefinitely. However, Overlay contracts have distinct features compared to traditional perps. For more details, refer to the protocol’s official documentation.

Governance

Overlay Protocol is governed by the PlanckCat DAO, and in the future, OVL token holders will have voting rights. Voting weights are as follows:

• 1 PCD NFT = 100,000 votes
• 1 OVL token = 1 vote

This balance may change in the future. The PlanckCat DAO enables Overlay contributors to participate in governance through PCD NFTs, playing a central role in decision-making, such as listing or delisting markets and setting risk parameters. Non-PCD NFT holders can still engage in discussions via Discord and the Governance Forum.

How Is Overlay Different?

What Are Perpetual Futures Contracts (Perps)?

Perps are a popular derivative contract type in crypto markets, allowing users to take long or short positions on an underlying asset without owning it, while paying or receiving funding based on market conditions. Unlike traditional futures, perps have no expiration date or asset delivery, rolling over indefinitely. Overlay market contracts share this structure but include unique features.

Oracle-Based Pricing

Overlay uses oracle-based data feeds and native mechanisms for pricing, avoiding centralized limit order books (CLOB) used by traditional exchanges, where prices are based on the last purchase. Other on-chain perp protocols like Perp Protocol and GMX also use oracle-based pricing.

Lack of Traditional Counterparties

Overlay does not require traditional counterparties to take the other side of a position. When a position is closed:

• Profitable positions prompt the protocol to mint OVL for payment.
• Loss-making positions result in the burning of the user’s OVL collateral.

While this carries inflation risk, Overlay mitigates it through risk management mechanisms.

No Limit Orders

Overlay v1 does not support limit orders; only market orders are executable. Traditional CLOB or liquidity pool-based exchanges typically support limit orders.

Funding Rates

Overlay calculates funding rates based on open interest imbalances rather than spot-futures price discrepancies. These rates incentivize users to balance long and short positions, reducing imbalances.

Pricing and Price Impact

Overlay relies on oracle data for pricing, using mechanisms like TWAP (Time-Weighted Average Price), bid-ask spreads, and price impact/slippage. TWAP prevents oracle manipulation, with short (e.g., 10-minute) or long (e.g., 1-hour) TWAPs selected based on price stability. Bid-ask spreads prevent frontrunning of short TWAPs and protect against sudden price spikes. Price impact is adjusted based on order size and market liquidity.

Risk Management: Payoff Caps, Open Interest Caps, and Circuit Breaker

Overlay manages OVL inflation risk with the following mechanisms:

• Payoff Caps: Per-position limits on profit/loss, set by the DAO for each market.
• Open Interest Caps (OI Caps): Per-market limits on total open interest, determined by the community to quantify inflation risk.
• Circuit Breaker: Temporarily adjusts OI caps to cool markets after large payouts, limiting new position sizes.

Overlay Protocol Investors

Protocol has raised $2.22 million, backed by prominent investors such as Polychain Capital, ParaFi Capital, 1kx, The LAO, MetaCartel Ventures, Jets Capital, GTS Ventures, Ben Middleton, and Sky Wee. This strong support underscores the project’s credibility in the DeFi community.

Official Links

• Website
• X (Twitter)
• Whitepaper

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The post What Is Overlay Protocol (OVL)? appeared first on Coin Engineer.

What is Pump.Fun?

Pump.Fun is a meme coin creation and trading platform built on the Solana blockchain. It allows users to generate tokens quickly and almost for free, without requiring advanced programming knowledge. The platform stands out with its fair launch mechanism, which prevents token creators from reserving portions of the supply for themselves, their teams, or affiliated parties, significantly reducing the risk of scams like rug pulls. Additionally, it prohibits vesting schedules or gradual token releases, ensuring transparency and fairness.

Pump.Fun employs a bonding curve model to set token prices, rewarding early investors with lower entry costs and higher profit potential. The earlier you invest, the cheaper the token, boosting your returns if the project gains traction. Once a token reaches a $69,000 market cap, it’s automatically listed on Raydium, a leading decentralized finance (DeFi) platform on Solana, expanding its reach to a broader audience.

The platform’s intuitive interface features a search bar, trending tokens, and categorized sections, making it accessible for both crypto novices and seasoned users. This user-friendly design enhances the overall experience, inviting everyone to participate in the meme coin ecosystem.

Challenges Pump.Fun Solves

Pump.Fun addresses key pain points in meme coin creation and investment:

• Scam Risks: Traditional token launches often allow creators to allocate large portions of the supply to themselves, enabling fraudulent “rug pulls.” Pump.Fun’s fair launch system minimizes this risk by ensuring equitable distribution.

• Technical Barriers: Creating tokens typically requires smart contract expertise. Pump.Fun eliminates this hurdle, enabling anyone to launch a token effortlessly.

• Lack of Early Investment Incentives: In conventional investments, timing rarely impacts profitability. Pump.Fun’s bonding curve rewards early adopters with better pricing and higher potential returns.

• Liquidity Shortages: New tokens often struggle with low liquidity. Pump.Fun’s bonding curve and Raydium integration ensure immediate liquidity and broader market access.

Core Features of Pump.Fun

Pump.Fun shines with its user-centric design and innovative capabilities:

• Fair Launches: Prevents creators from reserving tokens, fostering trust and transparency.

• Bonding Curve Pricing: A dynamic system that incentivizes early investment with lower prices.

• Rapid Token Creation: Launch Solana-based tokens in minutes without technical skills.

• Raydium Listing: Tokens hitting a $69,000 market cap are automatically listed on Raydium.

• Low Costs: Token creation requires just 0.02 SOL (roughly $2), making it highly affordable.

How to Use Pump.Fun: Creating Your Own Meme Coin

Launching your own meme coin on Pump.Fun is a straightforward and quick process. Follow these steps to get started:

Step 1: Visit Pump.Fun and Connect Your Wallet

• Navigate to the Pump.Fun website: https://pump.fun/.

• Connect a Solana-compatible Web3 wallet, such as Phantom. Ensure your wallet has enough SOL to cover the 0.02 SOL (approximately $2) token creation fee.

Step 2: Click “Create Coin”

• Locate and click the “Create Coin” button.

• Provide the following details for your token:

  • Token Name: E.g., “SuperMemeCoin.”

  • Token Symbol: A ticker, such as “SMC.”

  • Description: Share the purpose or story behind your token.

  • Image: Upload a logo or image to represent your token (optional).

• Add social media links to enhance your token’s credibility and ownership.

• As the creator, you can place buy orders before bots or automated snipers. Note that the first buyer pays the 0.02 SOL creation fee.

Step 3: Purchase Your Meme Coin

• Once your token is created, you’ll be directed to the buy page, which displays:

  • Bonding Curve Progress: Shows the token’s current price stage, which rises as more tokens are purchased.

  • Holder Distribution: Details how many wallets hold the token and their respective shares.

  • Recent Trades: Real-time transaction history for market insights.

  • Comments Section: A space for users to discuss the token, share ideas, or ask questions, building a community.

• Buy your token to kickstart the launch and begin growing your community.

Trading Other Meme Coins on Pump.Fun

Trading existing meme coins on Pump.Fun is seamless and efficient. Use the search bar on the platform’s homepage to find the project you’re interested in by entering the token’s name or ticker. Select the desired meme coin and navigate to its trading page to execute buy or sell orders. The trading interface provides essential data, including the bonding curve status, holder distribution, and live transaction history, empowering you to make informed decisions. Thanks to Solana’s low fees and high-speed transactions, trading on Pump.Fun is both cost-effective and smooth.

Benefits of Pump.Fun

• Accessibility: No technical expertise needed to create tokens.

• Fairness: Eliminates token allocations and vesting, reducing scam risks.

• Early Investment Rewards: Bonding curve offers higher profit potential for early buyers.

• Affordability: Solana’s low fees keep costs minimal.

• Community Engagement: Comments section and social media integrations foster community growth.

Challenges and Risks of Pump.Fun

While Pump.Fun offers exciting opportunities, it comes with inherent risks:

Regulatory Uncertainty

• Tokens on platforms like Pump.Fun often operate in a regulatory gray zone, lacking oversight from financial authorities. This could lead to legal challenges or platform shutdowns.

• Investors may struggle to seek legal recourse in cases of fraud or disputes due to the unregulated nature of these tokens.

Security Concerns

• The decentralized, anonymous structure of Pump.Fun can attract scammers and hackers.

• “Rug pulls” remain a risk, where creators abandon projects and abscond with funds.

• Smart contract vulnerabilities could be exploited, leading to token theft or price manipulation.

Speculative Nature

• Pump.Fun tokens are primarily geared toward short-term speculative trading, fueled by hype and quick-profit motives.

• High price volatility can cause dramatic value swings in short periods.

• Investors face significant losses if they misjudge market timing or fall victim to manipulation.

• The focus on short-term gains often overshadows sustainable project development and long-term value creation.

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The post What Is The Pump.Fun Platform and How to Use It? appeared first on Coin Engineer.

From Pepe Profits to Bitcoin Focus

Before opening this massive position, Wynn liquidated his $PEPE holdings with a $25.2 million profit, reallocating the funds. According to on-chain analysis platform Lookonchain, Wynn entered a position of 11,588 BTC on May 24, with an average entry price of $108,243. The liquidation level was recorded as $105,180.

This move came just after Wynn closed his Ethereum and Sui positions at a $5.3 million loss. With the proceeds, he raised his Bitcoin long to 11,070 BTC.

Wynn had initially opened a long position worth $830 million on May 21. On the same day, he reduced the position by $400 million in profits. However, on May 22, he doubled down, increasing the position to $1.1 billion. As Bitcoin surpassed $110,000, he gained $39 million on paper. Later, he sold 540 BTC for $60 million, securing a realized profit of $1.5 million.

Trump’s Tariff Shock Hits the Markets

On May 23, Trump’s high-tariff announcement targeting EU imports led to a sharp selloff across both traditional and crypto markets. As a result, Bitcoin fell below $107,000, Ether dropped to $2,504, and memecoins experienced heavy losses.

According to data tracked by HypurrScan, Wynn recorded losses of over $29 million in a single day. Despite this, his all-time trading profit still exceeds $57 million, with a monthly gain around $46 million.

High Leverage Means High Risk

Wynn describes himself as a high-risk leverage trader and memecoin enthusiast. He’s notably remembered for calling $PEPE a buy when its market cap was just $600,000.

Actively using Hyperliquid for the past two months, Wynn reportedly deposited $4.65 million in USDC on the platform. Hyperliquid operates as a decentralized exchange (DEX) on its own Layer-1 blockchain, offering leverage trading, spot trading, and lending services.

However, Wynn’s aggressive leverage strategies leave him exposed to market volatility. With Bitcoin trading around $109,000, a sharp downturn could trigger liquidation.

This content does not constitute investment advice. The markets involve high risk and it is important that you do your own research before making any investment decisions.

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The post Hyperliquid Trader Wynn Raises Bitcoin Long Position to $1.25 Billion! appeared first on Coin Engineer.