It's already 2026, how should we reasonably evaluate the market cap of L1?Due to the structural characteristics of open, permissionless networks, transaction fees and MEV revenues on Layer 1 public chains such as Bitcoin, Ethereum, and Solana are being systematically arbitraged and continuously diverted by new models within the ecosystem.
TechFlame
10hours ago
L1 Value Capture
The price of Aave has fallen more than 82% from its peak, with a 10,000-word article by an ecosystem contributor revealing its operational status.As a leading community governance project, Aave is facing a severe crisis of financial transparency. In response to Aave Labs' budget proposal of up to $51 million, ACI has countered with a ledger showing that it generated $140 million in annualized revenue at a cost of $4.6 million, directly questioning the real output of the multimillion-dollar budget.
TechFlame
10hours ago
ACI DAO Aave
Token goes global, selling Chinese electricity to the world.A power war without smoke and fire.
TechFlame
1天前
Token computing power
The AWS of the Finance World: Why It’s the Biggest Winner in the Age of AI + StablecoinsStripe 2026 Strategy Deep Dive: More Than a Payment Giant, Transforming into a Global Financial Operating System for the AI and Stablecoin Era Through Acquisitions of Bridge and Privy.
Vitalik Chiang Mai Dialogue: Amid the AI Explosion, What Should Crypto Fight For?Vitalik in Conversation with Michel Bauwens: Reflecting on Ethereum's Original Vision and Advocating for "Regenerative Accelerationism" to Deeply Integrate Cryptography into Global Collaboration and the Real Productive Economy.
TechFlame
1天前
Vitalik Buterin Regenerative Accelerationism
When everyone is selling off software stocks, HSBC says you're wrong.The panic in the market is a misjudgment.
TechFlame
2026-02-25 08:29
AI software stocks
That cryptocurrency crash that evaporated $40 billion—someone knew the outcome 10 minutes in advance.The inside story is gradually coming to light.
TechFlame
2026-02-25 08:23
Luna insider trading
Web 4.0, perhaps the most needed narrative for cryptocurrency.What exactly is Web 4.0, which Sun Yuchen is going all in on?
TechFlame
2026-02-24 15:40
Web 4.0 AI Agent
Will AI Really Accelerate an Economic Crisis?The market is gripped by panic over AI doomsday scenarios, yet the seemingly obvious consensus often conceals hidden pitfalls.
TechFlame
2026-02-24 15:37
AI Productivity
The payment empire PayPal might be on the verge of being acquired.Once a titan that reshaped global payments and forged a generation of entrepreneurial rebels, its glory has faded. Yet, just as it hits rock bottom, predators have caught the scent of blood.