BOOK OF MEME price

Written by ChandlerZ, Foresight News Recently, Bybit CEO Ben Zhou posted on the X platform, "Byreal, the first on-chain DEX incubated by Bybit, will be launched at the end of this month. Born from scratch in the Solana ecosystem. It pointed out that what makes Byreal special is that it is 1/ CEX + DEX synergy. Byreal is more than just "another DEX". It combines CEX-grade liquidity with DeFi-native transparency. This is true hybrid finance. More CEX + DEX projects are coming soon in the future. 2/ Uniform fluidity and velocity are designed with RFQ + CLMM routing. Byreal will provide users with low-slippage, MEV-protected swap transactions at supernatural speeds. According to official information, the Byreal testnet will go live on June 30, and the mainnet is expected to be released in Q3. Bybit isn't the first centralised exchange to venture into the DEX space. As decentralised exchanges continue to grow, DEXs are gradually narrowing the gap with CEXs in terms of liquidity and user activity. The DEX market share is rising, and Solana is one of the main choices According to DeFiLlama data, the trading volume of DEXs has maintained a steady growth trend. In May 2024, DEX monthly trading volume reached $405.3 billion, accounting for about 25% of the total global spot trade, a record high. At the same time, the total value of the DEX locked exceeded $20 billion. In terms of blockchain distribution, Ethereum is still the dominant chain, with Solana in second place, with a TVL of about $3.3 billion, of which more than half is occupied by Raydium. Bybit chose Solana as Byreal's underlying infrastructure based on its significant growth. In 2024, there will be a significant increase in activity on Meme token trading and on-chain token issuance platforms such as Pump.fun, pushing DEXs as the main channel for token IPOs. Mainstream meme assets, including WIF, BOME, BONK, etc., have formed initial liquidity on Solana DEXs such as Raydium and Jupiter, and have been launched on centralised exchanges one after another. Solana has maintained high activity and developer growth over the past year, becoming one of the fastest-growing blockchains in the DEX ecosystem. Solana's average daily trading volume is stable at around 80 million, with a cumulative transaction of more than 30 billion, ranking among the top public chains. In contrast, Base and Sui have an average daily trading volume of around 7 million and 6 million transactions, respectively, and although they are relatively small, they are growing faster and have a high level of activity. In terms of daily active address data, Solana averaged more than 4 million daily active addresses, peaking at more than 9.4 million. For CEXs looking to scale on-chain, Solana offers a relatively mature high-performance execution environment and liquidity foundation. CEX's battle for decentralisation When choosing on-chain trading products, users usually prioritise familiar platforms and a good user experience. This trend has driven the leading centralised exchanges to deploy decentralised exchange products. There are several precedents for CEXs to enter the decentralised exchange space. Binance's BSC-based PancakeSwap has maintained a leading position in the DEX market for a long time, OKX has launched OKX DEX, and Coinbase has relied on the DEX Aerodrome, which is backed by the Base Chain, with rapid growth in trading volume and market share. These CEXs gradually gather market liquidity through self-built on-chain platforms or strategic partnerships, covering on-chain and off-chain user groups. At the product level, it is also actively exploring innovative features such as dark pool trading, cross-chain aggregation and hybrid liquidity pools to improve transaction depth and execution efficiency to meet the increasingly diversified market demand. From a competitive perspective, CEXs still maintain an advantage in terms of overall transaction volume and user size. However, the past CEX liquidity crises and risk events have increased users' attention to trustless, on-chain transparency, and relatively low compliance thresholds, and the competition between the two sides has become increasingly fierce. Combined with the above data, it can be seen that emerging gameplay is more inclined to DEXs that are convenient and have lower compliance requirements, and traffic also flows to on-chain products earlier, resulting in the embarrassing situation of "not being able to eat meat and drink soup" in some CEXs. In order to seize the opportunity in the on-chain market, CEXs have to speed up their layout to avoid the continuous erosion of market share by DEXs, which will lead to the pressure of shrinking profits. brief summary Simon Kim, CEO of crypto venture capital firm Hashed, predicts that DEX trading volume could surpass CEXs by 2028. Combined with CEX's increased investment in DEXs and the current trajectory of the DEX ecosystem, the likelihood of this prediction is increasing. From the perspective of industry development trends, the form of exchanges in the future may no longer strictly distinguish between centralised and decentralised, and hybrid trading platforms may become a new development direction. At the end of the day, the needs of trading users are still the key factor in the success or failure of the platform. Platforms that can provide stable, secure, and user-friendly products will have a better chance of gaining an advantageous position in the market competition.

🔔 Daily On-Chain Liquidity Analysis 2025.6.17 1. #ETH ⭐⭐⭐⭐⭐ - On-chain activity: 25 million transactions, 790,000 active addresses, and $30 million in gas consumption. - Capital flow: Net inflow of $330 million, stable cross-chain bridge. - Sector performance: DeFi TVL at $4.78 billion (+2.0%), high activity in stablecoins, weak meme coins ($40 million). - Summary: The Iran-Israel conflict continues to depress the market. The demand for DeFi as a safe haven has driven capital inflows, and on-chain activity remains high due to selling pressure. 2. #Solana ⭐⭐⭐⭐ - On-chain activity: 33 million transactions (highest), 1.3 million active addresses. - Capital flow: Net outflow of 400 million US dollars, flowing to Ethereum and CEX. - Sector performance: Meme coin trading volume 320 million US dollars (-20%), $BOME, $MEW FOMO sluggish, Raydium TVL +2%. - Summary: The market crash severely hit the trading volume of Meme coins, the craze stalled, capital outflow was severe, but activity remained high. 3. #Base ⭐⭐⭐ - On-chain activity: 11 million transactions, 530,000 active addresses, TPS 1,600. - Capital flow: Net outflow of 120 million US dollars, weakening support from the Coinbase ecosystem. - Sector performance: AI application token trading volume 60 million US dollars (-22%), $KTA and $GRT are relatively resilient, Aerodrome TVL +4%. - Summary: The market crash has dragged down AI tokens (such as $KTA), DeFi is relatively resilient but capital outflow has intensified, TPS has dropped, and the potential of L2 is suppressed. 4. #BSC ⭐⭐ - On-chain activity: 5 million transactions (-20%), 400,000 active addresses (-15%). - Capital flow: Net outflow of 350 million US dollars, flowing to Ethereum and CEX. - Sector performance: Meme coin trading volume 30 million US dollars (-22%), PancakeSwap TVL -13%. - Summary: USD1 stablecoin supports DEX trading volume (1.6 billion US dollars), the market crash intensifies the double decline in on-chain and capital. - Community sentiment: - $BOME and $MEW plummeted, FOMO fizzled out, and Solana's popularity sharply declined. - Base's $KTA and $GRT were supported by the AI narrative; the community was bullish but sentiment was low. - Ethereum DeFi saw a surge in risk-averse sentiment, and expectations for ETFs weakened. - The BSC USD1 stablecoin craze couldn't stop the sell-off, while Solana and Base received some attention. 💥 Mainstream currencies and altcoin market sentiment impact #CryptoVibes - Bitcoin (BTC): The ongoing Iran-Israel conflict has caused panic, with BTC dropping by 3.5% (to $106,600), absorbing liquidity from Solana ($400 million) and BSC ($350 million), and seeing $330 million flow into Ethereum DeFi as a safe haven. - Altcoin market: Altcoins fell by over 10% (ETH down 9%, ANIME down 19.5%), with trading volumes shrinking for Solana ($320 million) and Base ($60 million), and selling pressure intensifying (80% of new coins crashing), severely hitting BSC. - Summary: The BTC crash dominated capital outflows, with the altcoin market dragging down Meme and AI tokens. Selling pressure has depressed on-chain activity, with Ethereum and Base DeFi being the most resilient, while BSC has the weakest liquidity. Faster100x Community Group:

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