Crypto Morning News: 95% of 2017's popular tokens have now faded from the market; privacy-focused secure computing network Nillion raises $25 million
TechFlow Selected TechFlow Selected
Crypto Morning News: 95% of 2017's popular tokens have now faded from the market; privacy-focused secure computing network Nillion raises $25 million
Consumer-grade public blockchain Morph officially launches on the Ethereum mainnet.
Navigating Web3 tides with focused insightsAuthor: TechFlow
Yesterday's Market Dynamics
Data: 95% of 2017’s Top Tokens Have Now Faded from the Market
On October 31, crypto analyst Miles Deutscher shared data on social platform X showing that since 2017, the vast majority of cryptocurrency projects once ranked in the top ten by market cap have faded from mainstream relevance. The data reveals that aside from Bitcoin, Ethereum, and Ripple (XRP), most popular tokens from 2017—such as Litecoin (LTC), Monero (XMR), and Ethereum Classic (ETC)—have dropped out of the top ten rankings. Notably, USDT, the stablecoin that rose to prominence in late 2018, has consistently maintained its market position.
Deutscher emphasized the fast-paced nature of the crypto market and advised investors to maintain flexible strategies: "Don’t become overly attached to any single investment. Prioritize emerging trends, as these new projects often deliver superior returns."
MicroStrategy Plans to Raise $42 Billion Over Next 3 Years to Buy More Bitcoin
MicroStrategy released its earnings report and announced its "21/21 Plan," aiming to raise $21 billion each through equity and debt financing—totaling $42 billion over the next three years—to purchase additional Bitcoin. Company President and CEO Phong Le stated that as a Bitcoin reserve firm, MicroStrategy will use the newly raised capital to acquire more BTC, thereby increasing its "BTC yield."
The company’s most recent purchase occurred in mid-September 2024, when it acquired 7,420 bitcoins for $458.2 million. MicroStrategy currently holds 252,220 bitcoins with a total investment of $9.9 billion, averaging $39,266 per BTC. At the current price of approximately $72,000, its holdings are valued at over $18 billion.
Solana Ecosystem Liquid Staking Protocol Jito Opens Restaking Deposits
According to an official announcement, Solana-based liquid staking protocol Jito has opened restaking deposits, allowing users to deposit either SOL or SOL LST tokens.
35 Projects Selected for BNB Chain’s Eighth MVB Program, Competing for Binance Labs Investment on November 7
BNB Chain has officially revealed the 35 projects selected for its eighth "Most Valuable Builders (MVB)" accelerator program:
DeFi projects: Allo.xyz, Avalon, CarbonFi, Evoq Finance, Paimon, RateX, SparkleX, uDEX, Vanilla Finance, YieldFi, YieldNest;
Infrastructure projects: Alaya AI, APRO Oracle, Balloon Dogs, BAS, Blockus, Codatta, CodexField, Infinity Ground, Matchain, Yotta Labs;
Application-layer projects: Alias, Alt.town, Balance, Bando, Cat Gold Miner, Four.meme, Gameland, GamerBoom, GraFun, MEET48, Moso, Nomis, REVOX, and TaleX.
These projects will present their progress at the Demo Day on November 7, after which Binance Labs will decide on investment allocations based on performance.
Last year’s MVB program incubated 13 projects, and Binance Labs invested in the top five performers from Season 7: Aggregata, Blum, Opinion Labs, SideKick, and Vooi.
Bitcoin L2 Project BOB Becomes First Bitcoin Scaling Solution to Join Optimism Superchain Ecosystem
Bitcoin Layer-2 project BOB announced its integration into the Optimism Superchain ecosystem, becoming the first Bitcoin scaling solution to join. BOB aims to bridge Bitcoin with Layer-1 blockchains like Ethereum, with the ultimate goal of positioning Bitcoin as a hub for DeFi. Optimism’s OP Stack is a toolkit enabling developers to build blockchains on Ethereum Layer-2, previously adopted by exchanges such as Coinbase and Kraken.
AI Data Collection Firm Sapien Raises $10.5 Million in Seed Round Led by Variant
AI data collection startup Sapien has secured $10.5 million in seed funding, led by Variant, with participation from Primitive Ventures, Animoca, Yield Game Guild, and HF0. The team is led by Rowan Stone, former co-founder of Coinbase’s Layer-2 network Base, and Trevor Koverko, founder of Polymath and author of the RWA standard ERC1400. Sapien incentivizes data providers using USDC stablecoins or reward points.
Consumer-Grade Public Chain Morph Launches on Ethereum Mainnet
On October 30, consumer-grade public chain Morph officially launched on the Ethereum mainnet. During its testnet phase, Morph attracted over 6 million registered addresses, processed more than 100 million transactions, saw over 200 project deployments, and engaged more than 1 million community members. Additionally, Morph recently formed the Centralized Exchange Coalition, partnering with exchanges including Bitget, HTX, MEXC, and Poloniex to provide comprehensive support for developer projects in marketing, user acquisition, and fundraising.
Privacy Computing Network Nillion Raises $25 Million Led by Hack VC, Total Funding Exceeds $50 Million
Privacy computing network Nillion has raised $25 million in a new round led by Hack VC, with participation from Distributed Global, Hashkey, and angel investors including Ansem, Arthur Hayes, Meltem Demirors, and leaders from projects such as Worldcoin, Injective, and Sei.
Previously, Nillion completed three funding rounds—VC, angel, and a community round via CoinList—bringing its total funding to over $50 million.
Founded by Conrad Whelan, former lead engineer at Uber, Nillion is the first decentralized "blind computing" network, designed to enable secure storage, transmission, and processing of high-value sensitive data while fully encrypted. Through its innovative orchestration layer, Nada language compiler, and dual-layer network architecture, Nillion allows developers to easily build privacy-preserving applications without needing expertise in privacy-enhancing technologies (PETs), balancing decentralization with usability. This empowers the development of privacy-focused application ecosystems, supporting use cases in AI, data markets, private DeFi, healthcare analytics, and more.
Murad: Next Wave of Meme Coins Will Move Beyond Animal Themes, Evolving Into Symbols of Shared Beliefs
Crypto KOL Murad Mahmudov stated in a blog video that the next wave of meme coins will transcend basic animal themes and shift toward tokens representing specific ideologies and beliefs. He believes these new meme coins could become symbols of group identity, potentially redefining the trajectory of the meme coin sector.
10x Research: Expects Bitcoin to Hit All-Time High in Q4 2024
10x Research published a Bitcoin price forecast on X, predicting that Bitcoin will reach a new all-time high in the fourth quarter of 2024. This outlook is based on two active buy signals indicating strong bullish momentum in the current quarter.
10x Research noted that its quantitative strategy model successfully predicted the start of the bull market at the end of 2022 and achieved 99% accuracy in forecasting prices around the 2024 halving event, lending credibility to its current optimistic projection.
Market Overview
Project Spotlight
Note: Project Spotlight is a dedicated section on TechFlow’s official website designed to provide readers with comprehensive, one-stop access to project information—including TechFlow insights, funding details, KOL reviews, founder interviews, airdrop guides, feature articles, and real-time updates—with the hope of delivering valuable content.
Project Name: Monad
Project Website:
https://www.techflowpost.com/project/detail_3204.html
Suggested Reading
The ETH AI Meme Counterattack! Where Does $TEE Come From That Raised $40M in 6 Hours?
AI Summary: This article discusses an AI agent project called TEE_HEE, which claims to have achieved fully autonomous operation without human intervention. It details how TEE_HEE uses Trusted Execution Environments (TEE) to ensure exclusive control over its social media accounts. Although TEE_HEE officially disavows any connection with the $TEE token, market speculation around the token has drawn significant attention.
Peak at Launch, Delay Tactics, Exodus to Other Chains—Is the TON Mini-App Ecosystem Declining?
AI Summary: This article examines mini-apps within the TON ecosystem and the challenges they face. While games like Hamster Kombat and X Empire rapidly gained massive user bases, they’ve also faced criticism over unfair airdrop distribution and declining token prices. Projects such as MemeFi and Tomarket have sparked community backlash due to delayed token launches and lack of transparency. Overall, active user numbers in the TON ecosystem have sharply declined, with many projects failing to sustain long-term engagement.
AI Summary: This article offers an in-depth analysis of how to create the next Pump.fun, covering everything from market opportunities to product strategy. It explores the competitive landscape of meme launch platforms, the role of venture investors, the importance of choosing the right blockchain, and strategies for incentivizing creators and users.
Raydium: Unpacking the Success of Solana’s Largest DEX
AI Summary: This article provides a detailed analysis of Raydium’s role within the Solana ecosystem, particularly during the Memecoin boom. As a primary liquidity provider and automated market maker (AMM) on Solana, Raydium supports deep liquidity and facilitates Memecoin trading, making it a critical infrastructure component among Solana’s decentralized exchanges. The piece also covers Raydium’s fee structure, liquidity pools, relationship with aggregators, and future outlook.
AI Summary: This article highlights common mistakes in on-chain trading and offers strategies to avoid them, emphasizing flexibility and risk management. Typical errors include equal allocation regardless of risk profiles, failure to adapt strategies in changing conditions, and blindly copying others’ trades. When market liquidity shifts, traders should avoid clinging to single assets and instead remain agile and ready to adjust.
I Launched a Meme Coin—Here’s What I Learned
AI Summary: This article explores the debate between meme coins and utility tokens, sharing the author’s insights into the meme coin market and offering guidance on creating and managing tokens in this space. The author underscores the role of meme coins in community building, stresses the importance of profitability in this highly competitive arena, and warns of the unreliability of KOLs (Key Opinion Leaders). The piece also touches on limitations and innovation opportunities in social media for crypto projects.
Join TechFlow official community to stay tuned
Telegram:https://t.me/TechFlowDaily
X (Twitter):https://x.com/TechFlowPost
X (Twitter) EN:https://x.com/BlockFlow_News
深潮TechFlow
