Курс Space TokenSPACE

RT @harshcharts: Ever seen someone not making money in Trading and they are in this space for more than 10 years? No Right? You're smart e…

If you host an @ApeChainHUB space I would love to come on to talk about my project over the next two weeks. Stay Bored.

Solana is now the 6th largest cryptocurrency by market cap of around $79 billion, with a current price of $148. SOL is only four years younger than Ethereum (ETH), which launched in 2017 and holds the second spot after Bitcoin (BTC) with a $304 billion market cap. Solana is steadily chipping away at Ethereum’s dominance in three areas. The truth is, having more capital doesn’t always guarantee you’ll stay on top. Solana is starting to pose a long-term threat to Ethereum. Ethereum has held the advantage when it comes to deep liquidity and a strong developer base. But Solana is catching up fast. The race is heating up, with the tokenization of real-world assets, like bonds, stocks, and real estate, projected to become a $16 trillion market by 2030. Ethereum is hosting about $7.5 billion, which makes up nearly 60% of all on-chain tokenized assets. Solana, by comparison, holds a much smaller share at $361 million, or just 2.8%, but that number is steadily rising. In terms of DeFi, Ethereum has a massive $64.2 billion in total value locked (TVL), with over 418,000 active addresses using the network in the last 24 hours, as it trades at $2515. Solana, on the other hand, recorded around 2.95 million active addresses in the past day, a huge jump in user activity, with a TVL of $8.53 billion. Solana is clearly catching attention with how active its users are on a daily basis. Ethereum upgrades like Dencun and the Pectra serve as signs that ETH is growing. As CNF has reported before, Dencun, launched in March 2024, introduced proto-danksharding (EIP‑4844) to help cut costs on Layer 2 networks. Then came Pectra , which added smart contract-like capabilities to regular wallets and raised the staking cap for validators to 2,048 ETH. Many in the space feel like Ethereum has spent years promising lower fees but not fully delivering, especially on the base layer. DePIN is short for Decentralized Physical Infrastructure Networks, and it’s all about using blockchain to power real-world systems, like wireless networks, think Helium or decentralized storage. Instead of relying on corporations to run this infrastructure, users can contribute resources, like bandwidth or storage, and earn tokens in return. The challenge? These networks require lots of small, frequent transactions, and Ethereum’s high gas fees make that tough to scale. DePIN projects end up relying on Layer 2s or sidechains like Polygon or Arbitrum, which adds complexity and splits the experience across multiple platforms. On the other hand, Solana is becoming a hotspot for DePIN. Its fast, low-cost design makes it ideal for handling real-world activity projects like Roam are already doing this. And because everything runs on a single unified chain, devices and smart contracts can interact smoothly, something Ethereum’s base layer still can’t do efficiently. AI agents are becoming a big deal in crypto, think bots that can buy assets, process data, pay for services, and make decisions on-chain without human input. AI agents may perform hundreds or thousands of microtransactions daily. On Ethereum, that becomes unsustainable. On Solana, it’s practically free, costing just roughly $0.0001. Solana’s Sealevel engine allows for parallel processing of transactions. AI agents can interact with multiple protocols or smart contracts at once, without waiting in line. Ethereum, on the other hand, executes transactions sequentially. So agents operating on Ethereum face delays if the network is congested. Seeing the potential, the Solana Foundation took action, launching an open-source ChatGPT plugin and putting up $10 million in AI grants back in May 2023. We also reported that Fetch.ai, an AI-focused crypto firm built on Cosmos, also pledged $10 million to support startups building AI agents on Solana.

People focus on predicting what might happen in crypto, instead of promoting what should happen. This leads to devolving behavior as ppl chase profit and ignore products that mature the space, respect decentralization, and onboard users. Going to talk more about who should

21M Bitcoins, When Mined, What Happens Next? As we all know, Bitcoin’s design caps the total supply at 21M coins. So, Again, After The Last Bitcoin Block, Can the System Still Hold? Read up, bros 👇 Bitcoin halves the new-coin subsidy roughly every four years. Once the final subsidy is paid, likely around the year 2140, the only revenue left for miners will be transaction fees. The concern is clear. If fees remain too low, miners may shut down their machines, reducing the hash rate and the cost required to attack the network. What can the system do about this? --- 1. Where Miner Income Stands Today Since the April 2024 halving, the block subsidy fell to 3.125 BTC. Fees briefly spiked during the Ordinals and Runes craze in early 2024 and covered more than the subsidy for a few days. Right now, fees are back to about 7% of miner revenue, the lowest share since the last bear market bottom. Energy alone for an average block still costs $90K at $0.05kw/h. So the fee component would have to rise 4X to keep the lights on at current prices. --- 2. The Runway To 2140 The subsidy does not disappear overnight. Even after the next halving in 2028, about 90% of miner revenue is still projected to come from new coins. The security budget therefore declines slowly, giving almost a century to find stable fee sources. That runway matters. It allows both protocol innovation and organic economic growth to close the gap. --- 3. Security Budget And Attack Cost The security budget is the total value miners earn per block. A fall in that budget is not automatically catastrophic because the difficulty adjustment reduces the hash rate until the marginal miner is again profitable. The risk is that the dollar cost to cause a majority attack could fall faster than the network’s economic throughput, inviting well-funded adversaries. --- 4. How A Sustainable Fee Market Could Emerge A. Fee pressure from finite block space: Even without new features, Bitcoin’s base layer can settle only a few hundred thousand transactions per day. If global demand for final settlement rises while block space stays scarce, users will bid up fees and miners will capture that scarcity premium. A functioning fee market already exists but remains thin because global demand is still modest. B. Event-driven surges signal latent demand: The Ordinals inscription boom showed that novel uses of the block space can push fee revenue above the subsidy, at least temporarily. Although the surge faded, it illustrated the willingness of users to pay when they perceive unique value in Bitcoin’s immutability. C. Layer two settlement: Lightning, Fedimint, ₿apps, rollups proposed with opcodes such as OP_CAT or BitVM, and drivechains are all designed to batch many off-chain transfers into a single on-chain settlement transaction. If these ecosystems grow, a rising fraction of global value could settle back to the base layer and pay higher aggregate fees, even while individual retail transfers remain cheap. D. High-value transaction categories still untapped: Large corporate treasuries, sovereign wealth funds, tokenized real assets, and advanced covenant-based applications could each inject blocks with transactions whose absolute fee in dollars is far higher than today’s median. Studies show that specialized activity clusters drive heavy tails in the fee distribution. --- 5. Protocol Level Responses → Incremental soft forks: Features that raise the economic density of each byte, such as covenants, enhanced scripting, or native rollup factors, can lift the upper bound on fee revenue without changing the supply schedule. → Tail emission proposals: Communities advocate adding a 0.1% annual inflation subsidy to guarantee a minimum security budget. This breaks the fixed supply credo and requires social consensus. → Reclaiming dormant coins: Others suggest recycling inactive coins, but that challenges the standing norms about property rights on-chain. --- 6. Miner Adaptation and Diversification Publicly listed miners such as @RiotPlatforms and @MARA began combining bitcoin production with data-center hosting, AI inference, and renewable energy balancing to cushion revenue volatility. This would subsidise continued hash power even during low-fee eras. It does not solve the security budget problem on its own, but it buys additional resilience. --- 7. Scenario Analysis → Optimistic path: Global adoption of Bitcoin as a neutral settlement rail, plus successful L2 ecosystems, drives persistent block space competition. Fees rise to several hundred thousand dollars per block, replacing the vanishing subsidy and keeping the hash rate high. → Stagnant store of value path: If on-chain demand plateaus and Bitcoin functions mainly as cold storage, fees stay low. The hash rate declines until only the cheapest renewable sites remain profitable. Security might still suffice for static savings but would be vulnerable to state-level attacks during periods of price weakness. --- Bottom line Bitcoin has roughly 115 years before the subsidy disappears entirely, but the incentives are already shifting. Either fees must rise through genuine economic demand for scarce settlement slots, or the rules must change, or security will adjust downward. Each outcome is possible. The coming decades will test these, but what will not work is a static model that ignores economics. Bitcoin stays secure only as long as someone is willing to pay for that security. Thanks for reading!