Spheron Network has announced an upcoming Token generation event, having achieved annual recurring revenue exceeding 13 million USD, with significant contributions from its AI business. The project builds a Decentralization computing resource network, providing services such as AI training, forming a complete ecosystem. Despite its scale, sustainability and competitiveness still require follow. The industry may focus on actual revenue to promote healthy development.

The price mechanism on the Blockchain and the spirit of Decentralization
In the process of blockchain development, the decentralized price game mechanism has always been an overlooked issue. In the past two years, with the rise of DeFi, both industry insiders and outsiders have begun to have a preliminary understanding and exploration of on-chain price mechanisms. Regarding the variable of price, how to generate it on-chain in a way that aligns more closely with the essence of blockchain is a direction worth深入研究.
The evolution of Blockchain transactions
Bitcoin, as the first blockchain project, pioneered the concept of "blockchain". The first over-the-counter transaction of Bitcoin took place in Florida, USA, where a programmer exchanged 10,000 BTC for two pizza coupons, marking the beginning of Bitcoin having a price of 0.003 cents.
The price reflects the value of a unit of goods or services, determined by the market supply and demand relationship. At that time, the price of Bitcoin was reached through the equilibrium between buyers and sellers. Although it was only a small-scale transaction, it opened the way for Bitcoin.

The integration of encryption and TradFi: two-way breaking the wall and innovative Compliance
Old Wang, who has been struggling in the A-share market for nearly twenty years, once scoffed at Bitcoin, calling it a "scam." However, he has recently started researching the purchase of Bitcoin ETFs and has even developed an interest in Meme coins. This shift reflects the increasingly blurred boundaries between cryptocurrency and the TradFi market.
As the prices of Bitcoin and Ethereum hit new highs, the previously distinct "crypto trading faction" and "stock trading faction" have begun to intermingle. Cryptocurrency enthusiasts are more frequently spreading consensus and value concepts to the outside world, while stock market investors have quietly started paying attention to Bitcoin and Ethereum, and have begun to allocate small amounts.
This change is not coincidental. On one hand, government agencies, Wall Street, and regulators have begun to actively engage; on the other hand, encryption companies are proactively seeking compliance and cooperation. After Bitcoin reached a new high, the invisible barriers between the encryption and TradFi markets have noticeably loosened.

1. Project Background
Basic Information
Name: TON( The Open Network )
Founders: Pavel Durov, Nikolai Durov
Operations Team: TON Foundation
TON (The Open Network) is a decentralized first-layer public blockchain designed for billions of users, featuring scalability and sharding capabilities, aimed at solving issues such as high transaction fees, slow transaction speeds, inter-chain communication, and scalability that exist in blockchain. Currently, the main operating team of TON is the TON Foundation, and TON

The encryption foundation model has increasingly become a resistance due to the lack of incentive mechanisms and centralization control issues. In contrast, the conventional development company structure is better able to support the long-term development of the encryption industry. The new structure requires genuine governance and collaboration, using new tools such as public welfare companies to achieve sustainable development.

Uniswap launched the L2 solution Unichain, which impacts the Ethereum ecosystem.
Recently, Uniswap announced its plan to build an L2 on Ethereum, named Unichain, which is built on the Optimism OP Stack. Unichain aims to address the limitations faced by DeFi in terms of cost, speed, and interoperability, by enabling faster, cheaper transactions and better cross-chain liquidity to explore new markets and use cases.
Unichain has improved its competitiveness in three key areas: cost, speed, and interoperability. It is expected that transaction costs will be 95% cheaper than Ethereum after launch, and costs will further decrease over time. Uniswap has stated that it will achieve this goal through an upcoming decentralized verification network, allowing full nodes to participate in block validation by staking UNI, thereby further achieving block.

The diversified development of the Hedera ecosystem boosts HBAR market performance.
Amid the overall volatility of the cryptocurrency market, Hedera's native token HBAR has demonstrated a strong upward momentum. Since its low point in 2024, the price of HBAR has increased by more than six times, reaching an intraday high of $0.29 in mid-July 2025. As of July 23, the price of HBAR is $0.271, with a fully diluted market cap of approximately $13.5 billion.
Several fundamental factors support this strong rally, including traditional financial institutions utilizing the Hedera network for asset tokenization, multiple key upgrades to the network ensuring performance and scalability, and the continuous enrichment of the DeFi and tokenization ecosystem for real-world assets. This article will delve into these key factors and their potential impact on the future of HBAR.
Institutional investors and the favor of traditional financial giants
Since the second half of 2024, Hede

On April 17, 2024, Dubai hosted a Web3 gaming gala, bringing together industry leaders to discuss future developments. The event included speeches, collaborative releases, and roundtable discussions, showcasing the innovative potential and industry trends of Web3 gaming, marking a new wave of transformation in the development of Web3 games.

In the first half of 2025, enterprises and institutional investors actively laid out their blockchain strategies, with 60% of large enterprise executives initiating on-chain projects, expanding the application areas of Blockchain. Institutional investors also increased their digital asset allocations, with 83% planning to increase their holdings, and regulatory clarity being seen as a driving factor. This trend demonstrates the rising importance of Blockchain technology and digital assets.

The mainnet of HashKey Chain public chain officially launched on December 18, marking an important progress for the project in building compliant financial infrastructure. Based on OP-Stack technology, HashKey Chain improves transaction efficiency and drops costs, supports Ethereum Virtual Machine, making it easier for developers to deploy smart contracts. The mainnet follows areas such as BTCFi and PayFi, and has launched a $50 million Atlas Grant program aimed at supporting the rapid rise of Web3 projects.

BRC-20 Token: A Beginner's Guide
Key Points
- BRC-20 is an experimental Token standard that supports the deployment, minting, and transfer of fungible Tokens on the Bitcoin blockchain.
- These Tokens are relatively simple, lacking smart contract functionality, unlike ERC-20 or BEP-20 Tokens.
- The minting frenzy in early May caused severe congestion in the Bitcoin mempool, leading to a spike in network transaction fees.
- Many people welcome higher fees, believing that it helps to supplement miners' income. However, some criticize that this will affect users in price-sensitive regions.
- BRC-20 Token currently has high risks and requires more infrastructure support.
- Ordinals, inscriptions, and BRC-20 tokens demonstrate a significant demand for Bitcoin block space, which may be a key factor in the long-term sustainability of Bitcoin's security model.
- The development of Bitcoin Layer 2, BRC-