In this report, Aliance provides trends observed from application data and adds insights into what these trends may suggest for the broader startup ecosystem.

Price is not everything about a project, and its development depends largely on market conditions, project quality, and the hype surrounding its narrative.

Pendle is undoubtedly one of the most outstanding targets in this round, from $0.7 in August 2023 to $7.5 in April 2024, a strong rise of more than 10 times in half a year. However, since April, Eigenlayer's official announcement of airdrops ignited the first negative sentiment towards Pendle. By mid-May, PENDLE quickly fell to $3.8, a drop of more than 50% in less than a month. Although it rebounded afterwards, as the re-staking track cooled down, and even the market's pessimism about the Ethereum ecosystem spread, Pendle fell into a slump. On August 5, the price of PENDLE once reached $2. This article will give a systematic mechanism analysis of Pendle, analyzing how Pendle quickly grasps market demand, completes the direct transmission of fundamentals to coin prices, and how it is negatively affected by the cooling of the Ethereum ecosystem and falls all the way.

Behind the growing prosperity of MEME culture, there is actually a contest of interests involving multiple forces. In this tense and fierce game, all parties involved are the key forces driving the continuous rise of the MEME market, and some even use their skills to grab huge profits and become the direct beneficiaries of this feast.

Has the market reached its peak again? Perhaps we can find some clues from the on-chain data.

VC coins are not ignored, and MEME coins are not just a toy for gamblers. Everyone has his or her own Crypto path to take.

Last night, a token called SHAR took less than seven hours to increase its market value from zero to $60 million, and then dropped from $40 million to $30,000 in a flash, completing a "gorgeous" rugged on-chain golden dog. It built a tall building while you were still asleep, and shattered your dream while you were still asleep.

Arttoo will launch a real-world asset (RWA) art project based on the Sui blockchain. As a leading force in democratizing art ownership, Arttoo is transforming the high-end art market by building the financial infrastructure required for a decentralized on-chain art trading platform.

BTC is showing weakness in the short term but is expected to hit new highs.

The U.S. Department of Justice warned Musk that his daily $1 million grant may be illegal; zkLink Core DAO announced that the unlocking of more than 40% of ZKL tokens will be postponed for six months; OpenAI launched a simplified consistency model sCM, which will greatly increase the sampling speed.

Back to a few years ago, Musk and Trump were not close friends, and their verbal battles were often staged on public platforms. Trump even mocked Musk for kneeling down in the White House to beg for subsidies. What could have made Musk put aside his past grudges and help so wholeheartedly?

From the original "Dogecoin" to the various emoticons today, the formation of Memecoin is like an epic of Internet culture.