Japan's unadjusted current account for March

#content星# Today I will talk to you about the #cancun upgrade. By the way, I will share my follow-up views and some suggestions for newcomers. The darkness will eventually pass, and the cows will definitely come. Like the old way, like, forward, comment + bookmark Let’s first talk about our current views, which must give everyone a boost of faith. The longest and saddest bear market in 2022 has passed. This year has experienced a critical attack on the pie and the entire market. This year, we are at the junction of bulls and bears, which is the buffer zone (monkey market). As the name suggests, the market has gradually stabilized after a round of large-scale declines, thus starting a long period of shock accumulation, waiting for the policy and fundamentals to gradually improve to prepare for the subsequent bull market. At this time, the stock funds in the market and the trading enthusiasm of retail investors have been hit by the decline. Therefore, in order to prevent the market from cooling down, the main force began to artificially create hot spots to pull all kinds of garbage coins or demon coins. The characteristic is that it is bursting and plummeting, and hot money is hyped to switch back and forth. The operation is very difficult. This is to deliberately attract market attention and create relatively false prosperity. At this time, the main force is secretly accumulating funds, and most people in the market are wearing down their principal due to frequent contracts and short-term operations. Finally, when the bull market comes, they find that their principal is almost lost. Everyone knows that a bull market can make money and increase by many times at any time. If you don’t plan to get chips in batches in the current market, thinking of the bull market coming or going to the bottom, it is tantamount to nonsense. The bull market depends on how many chips you accumulate in the bear market, and how big your future profits will be. Now it is best to take out 80% of your funds in the currency circle and slowly start investing in some promising sector currencies in batches. This scheduled investment is waiting for a higher opportunity, and I will bring everyone with me when the time comes. 20% is used for short-term in the market, to maintain acumen in this market, and at the same time to hone your trading skills. During this period of the bull market, try every means to collect low-price chips to protect your principal. Wait for the bull market to start next year, and the btc sword will point at 200,000 US dollars. You have low-level coins in your hands. Once the price rises and deviates from your cost price of opening a position, it will be the most exciting and most painful time. The largest position is in the long term. You don't have to worry about buying that currency every day or that currency falls. The first thing you do when you get up every morning is to see how much money you made today. At that time you will feel that everything is wonderful! Today I have said so much earnestly, so that everyone can clearly understand what stage we are in now, how to operate it, don't lose confidence in the market and fall into the darkness before dawn, follow the layout with the Niu brother team, and welcome the dawn! In the bull market, I hope we can ride the wind and waves together, (Earn the most money, drink the strongest wine, and pick up the most beautiful girls!) By the way, I have two words for you: In the bull market, the short-term can only add icing on the cake, and the trend is the myth of wealth creation! Only if you can endure loneliness now can you be worthy of preserving your youth in the future! Let me tell you about the only relatively big benefit in the second half of the year, Ethereum’s Cancun upgrade. As the name suggests, it is an expansion and enhancement of the Ethereum main chain, making transactions on the Ethereum chain faster, cheaper, and safer! At the same time, the Cancun upgrade is also an upcoming upgrade that will directly benefit Layer 2 (L2) tokens. Now let's talk about what benefits the Cancun upgrade will bring and how will it affect L2? In short, the Cancun upgrade will make L2 10-100x faster and less expensive. Our complex logic can be clearly and intuitively understood without elaborating too much directly on the data. Before the Cancun upgrade: 1 L2 transaction will cost 10/1000 = 0.01 ETH After Cancun upgrade: 1 L2 transaction will cost 0.1/1000 = 0.0001 ETH Equivalent to 100 times cheaper. Now that I understand the basic concepts, what preparations should be made for the Cancun upgrade, and what projects should be invested in, here is a list, all of which are L2 projects and tokens that will benefit from the Cancun upgrade. Here it is sorted out for your reference. ① ARB, OP: These two are the top projects of Layer 2. Arbitrum and Optimism have the highest TVL and the most users, and have been in operation for many years, and the ecosystem is mature. Investment risk is low and returns are moderate. ② LRC、IMX、dYdX These are early zk-based projects that can develop their own application-specific Rollup, and issued tokens. They would be excellent investment targets for zk Layer 2 s. ③ The fast and cheap network brought about by the Cancun upgrade will also promote the development of projects built on L2. for example: GMX, GNS, RDNT, JOE, etc. in the Arb ecosystem. SNX, PERP, KWENTA, etc. in the Op ecosystem With so many lists, everyone knows it well, because this kind of big good market is known, so it is generally necessary to plan in advance. As for the timing of pulling the market, it may be early, or there are too many people on the bus, and it will not be fermented until the good news.

The competition in the field of derivatives DEX is fierce. There are GMX, DYDX, and SNX at the top, and Gains, MUX, Level, and ApolloX at the second line. Vertex is a new derivatives DEX agreement with better performance. Since its launch at the end of April 2023, its recent daily trading volume has accounted for about 10% to 15% of the capital pool model derivatives DEX market, and won the Wintermute in June 2023 strategic investment.

The competition in the field of derivatives DEX is fierce. There are GMX, DYDX, and SNX at the top, and Gains, MUX, Level, and ApolloX at the second line. Vertex is a new derivatives DEX agreement with better performance. Since its launch at the end of April 2023, its recent daily trading volume has accounted for about 10% to 15% of the capital pool model derivatives DEX market, and won the Wintermute in June 2023 strategic investment. Source: dune Remarks: This chart does not include the data of DYDX, and the comparison is the derivative DEX of the capital pool model. 1. Business data l Transaction volume: Mainly through transaction incentives, a high transaction volume has been created. The average daily transaction volume in the last 7 days is about 40 million US dollars. The purple part is derivatives, and the yellow part is spot, mainly for derivatives transactions. ...

dYdX is thriving, but it does not seem to be the end of the game.

These catalysts will change the fundamentals of the protocol and the token.