星球日报

Key Points Overview
– Second-layer scaling significantly reduces costs: Rollup technology drives transaction fees below $1 and throughput surges to 2,000+ TPS, fundamentally solving Ethereum's congestion issues before 2025.
– Tokenization of physical assets enables universal "fractional ownership": On-chain tokenization allows for the splitting of trillion-dollar assets like real estate, bonds, and art into smaller shares, making it easy for ordinary people to participate.
– DePIN network crowdsourcing real-world infrastructure: from Helium hotspots to decentralized storage, edge computing, and naturally expanding community hardware, forming truly decentralized services.
– Web3 All-in-One, Igniting Mass Adoption: Layer 2, RWA, and DePIN join forces to completely eliminate cost, liquidity, and infrastructure barriers, paving the way for large-scale adoption in the second half of 2025.
![Unveiling 202

In the past year, the Meme coin issuance platform Launchpad market on Solana has experienced explosive rise and quickly formed a fiercely competitive landscape. Pump.fun, as one of the earliest rising platforms, is regarded as a catalyst for the prosperity of Solana's "on-chain casino". This platform allows any user to issue Tokens without thresholds, adopts bonding curve pricing, and has pioneered a fair issuance model without pre-sales and team allocations.
With the advantages of low-cost and high-speed transactions on Solana, Pump.fun ignited a meme coin frenzy in 2024. In just 13 months, platform users issued over 8 million Tokens, with a peak output of more than 36,000 Tokens in a single day on October 24, 2024, averaging 25 new Tokens created every minute. This unprecedented scale of Token creation has made P

Original title: DeFi Savings Protocol Sky Slumps to $ 5 M Loss as USDS Interest Payments Wipe Out Profit
Original authors: Tim Craig & Sheldon Reback, CoinDesk authors
Original text compiled by: Rhythm Little deep
Editor’s note: The DeFi savings protocol Sky (formerly MakerDAO) reported a loss of 5 million USD in the first quarter of 2025, contrasting sharply with a profit of 31 million USD in the previous quarter. The loss was mainly due to incentives to use the new stablecoin USDS instead of DAI, leading to a 102% surge in interest payments. Although USDS is designed to attract seasoned investors, its user base is growing.

As the bull market deepens in 2025, we are witnessing an era in which the rotation of various asset tracks explodes and on-chain liquidity is at an all-time high. New capital is pouring into cutting-edge areas such as AI computing power, decentralized physical infrastructure networks (DePIN), and real-world assets (RWA), attracting the attention of global investors. In this cycle, the issuance model of new assets has shown significant innovative characteristics. In this context, JuCoin has announced that it will jointly launch an ecosystem support fund of up to $150 million, aiming to accelerate ecological development, empower innovative projects, and demonstrate its unique value proposition and development potential.
The cutting-edge trends in new asset issuance: liquidity, mechanisms, and paradigm innovation
1. The rise of joint curves, programmable liquidity, and Meme coin issuance platforms:
Bonding Curve