The article reviews in detail a series of complex operations of a giant whale on the Hyperliquid exchange, including the process of exploiting vulnerabilities in on-chain transactions to achieve profits, as well as the losses suffered by the exchange. Through the analysis of this incident, it reveals the risk management issues of on-chain exchanges, and explores the impact of this operation method on the future crypto trading market.

By the end of 2025, blockspace will be abundant. And performance will be a commodity. Once near-instant and near-free transactions become the norm, raw speed alone won’t set you apart. As developers, we need to shift gears.

As a competitor to Hyperliquid, FlyingTulip has attracted much attention since its debut. It uses adaptive curve AMM to provide lower funding rates, better lending ratios and higher LP returns, and relies on SonicLabs to achieve higher TPS.

DeFi protocols are under growing pressure to reward token holders with a share of their revenue, and major players like Aave, Ethena, and Hyperliquid are already exploring ways to pilot value-accrual mechanisms for their native tokens.

This article explores the current state and challenges of Solana's DeFi ecosystem, shedding light on the internal struggles that accompany its rapid growth in DEX trading volume and protocol revenue.

As one of the most influential meme coins in the cryptocurrency field, Dogecoin not only occupies an important position in the community and the speculative market, but also shows transformation potential in key areas such as payment applications, institutional investment, and ETF approval. Through historical review, narrative analysis, and in-depth analysis of the chip structure, this article provides readers with a comprehensive and in-depth perspective to help understand Dogecoin’s current positioning and future development direction.

Gate Research Daily Report: March 14, Bitcoin price fell by 1.95% to $82,014.1, while Ethereum price rose by 0.53% to $1,894.63. The number of contract deployments on the Base ecosystem surged, reaching a record high of 11.4 million in a single week. Solana's stablecoin supply has skyrocketed by 130% this year, while Ethereum remains the leader. Ethereum launched the Hoodi testnet for the Pectra upgrade. Aave introduced the Horizon initiative, targeting the institutional-grade real-world asset DeFi market. Solana proposal SIMD-0228 failed to pass the vote, obstructing the planned inflation adjustment.

Gate Research: This report summarizes blockchain industry developments from March 10-14, 2025. Key highlights include: Sui's on-chain stablecoin market cap has exceeded $600M, reaching an all-time high; Anzen Finance protocol's TVL has broken through $112M, also hitting a record high; Movement has submitted a MOVE ETF application while its mainnet beta launch drives ecosystem growth; Ordinals EVM extension protocol Veda's TVL has surpassed $2B; Securitize partners with RedStone to enhance RWA data support, advancing on-chain financial development; and Ripple obtains Dubai license, expanding crypto payment services into the Middle East market.

Gate Research: This week, four projects—Captain & Company, XOOB, Shaga, and Endless—are offering users new ways to engage with the Web3 ecosystem. Captain & Company is a pirate-themed blockchain game where players embark on maritime adventures and engage in faction wars to earn CNC tokens. XOOB is a space-themed GameFi platform on Telegram that allows users to mine and complete tasks to earn XOOB tokens, with the campaign expected to run until April 2025. Shaga is a cloud gaming platform where users accumulate points by participating in various activities, which will later be converted into airdropped tokens in the second quarter of this year. Endless, a Web3 cloud protocol, is hosting a $1 million EDS token airdrop through the Luffa mobile app. All four projects are still in their early stages, giving users the opportunity to get involved in ecosystem development while potentially earning rewards.

Nine Chronicles (WNCG) is a fully decentralized, open-source RPG powered by blockchain, where players own in-game assets and earn rewards.

Discover Mind AI, an AI-powered cryptocurrency analysis platform that helps investors make data-driven decisions.

Front-running in crypto exploits pending transactions for profit, capitalizing on blockchain transparency. Learn how traders, bots, and validators manipulate transaction ordering, the impact on Decentralized Finance, and the possible ways of protecting your transactions.

CertiK is a leading Web3 security firm specializing in smart contract audits, blockchain security, and compliance solutions. It offers services such as code audits, blockchain L1/L2 audits, wallet security, penetration testing, and risk management.

PayFi (Payment Finance) is an innovative payment finance paradigm based on blockchain technology, designed to achieve efficient and low-cost global payment settlements through a decentralized architecture, thereby reshaping the payment system.

I will be addressing each topic in this article, namely: 1. Compounders, Culture, Short-Termism 2. Generalized L1s Are Dead And Have To Change 3. Liquid Tokens & Investment Relations 4. Buy Back & Burn Is The Least Worst, Not The Best