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This article explores whether BYIN can replicate the incredible success that Pump.fun achieved in the Solana ecosystem. Pump.fun’s massive TVL allowed it to generate significant revenue, and while BYIN may have a less solid foundation, its strong social environment could give it a chance to succeed.

Gate Research Daily Report: On August 28, over the past 24 hours, Bitcoin's price dropped by 5.85%, accompanied by a surge in trading volume. The U.S. Bitcoin and Ethereum spot ETFs saw net outflows of $127 million and $34.5 million, respectively, reflecting a pessimistic market sentiment. Altcoins broadly declined, particularly in the BTC Ordinals and modular blockchain sectors. The TON network experienced an outage due to excessive DOGS token trading, prompting several exchanges to suspend related services. MakerDAO rebranded to Sky and introduced the USDS stablecoin along with the SKY governance token. Additionally, seven projects raised a total of $52.57 million, focusing on DeFi, AI, and zero-knowledge proof technologies.

The article discusses the potential of TON as a public chain that ranks in the top 20 by market capitalization but performs poorly in terms of trading volume and TVL. By explaining concepts such as public chains, ecosystem development based on Telegram, and new forms of value transfer in content, it demonstrates TON's differentiated experience and development prospects in the Web3 field.

As the on-chain TVL increases, a certain percentage of funds will flow into specific applications or destinations on that chain. For example, X% will go into money markets, and Y% will flow into the premier decentralized exchange. The examples in the article clearly show: TVL inflows = major memecoin performance. If one can predict an increase in TVL, one could take a position in the premier memecoin on that chain as a leveraged bet on their TVL prediction. The short-term approach requires a more active focus on the market and where capital is likely to flow based on incentive programs.

Bitlayer is a Bitcoin Layer 2 network security project based on the BitVM solution. It aims to provide the same security as Bitcoin and supports Turing-complete smart contracts, efficient transaction processing, and secure cross-chain asset transfer. This article will introduce its core mechanism, organizational structure, team, and other aspects.