2025-12-25 23:25:46

The seemingly quiet on-chain world is actually just noise you hear. Real funds are flowing on the chain.

Hyperliquid's daily fees even surpass multiple mainstream L1s, demonstrating active trading volume. Although TRON remains in the top three, most of its transfer traffic is dominated by stablecoins. Interestingly, after the airdrop distribution yesterday, on-chain activity in the ecosystem did not pick up — indicating a significant gap between market enthusiasm and actual trading volume. The key is to distinguish which is the true signal.

TRX0,34%

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GateUser-afe07a92

· 2025-12-28 23:20

Airdrops are just part of market manipulation; actual trading is what truly matters.

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LiquidationHunter

· 2025-12-28 00:33

Real funds vs. noise, the key still depends on trading depth. Airdrop hype is just a scam.

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SatoshiHeir

· 2025-12-26 15:14

It should be pointed out that Hyperliquid's fee data precisely disprove the false proposition of "L1 vitality." TRON's stablecoin flow? That's not genuine trading volume at all, just a false prosperity of arbitrage. It's quite ironic that on-chain activity didn't pick up after the airdrop—retail investors chase hype, while institutions with real money are secretly strategizing. We need to return to the core of Satoshi Nakamoto's white paper: trading consensus is the true way, not the collective illusion of the market.

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ZenZKPlayer

· 2025-12-25 23:56

Airdrops are being distributed, but there's no activity to follow up, which is ridiculous. It shows that everyone is waiting for the next big opportunity.

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WhaleWatcher