Niftyx Protocol
SHROOMThe infrastructure of the global NFT market
News Heat Trend
Project Overview
Niftyx is building the infrastructure needed to easily deploy and connect niche-focused global NFT markets, ensuring a neutral playing field for creators, users, and private companies.
Related news
Analysis: Current stock and Meme coin narratives depend on trading volume and transaction fees to function
Odaily News: DeFi researcher Ignas posted on X platform stating that current stock and Meme coin narratives essentially depend on trading volume and transaction fees to function. If trading volume dries up, rewards and buybacks will also disappear, thereby weakening token-holding incentives and ultimately leading to sell-offs.He cited examples: STONK, PONS, and CASHCAT all use platform fees for token buybacks or burns; INDEX uses transaction fees to purchase tokenized stocks; ZCAT funds ZEC rewards through transaction taxes. Additionally, SHROOM reinvests fees generated by the LP network back into liquidity.Ignas used Coinbase's previous cycle as an example, noting that its quarterly trading volume dropped from $547 billion in Q4 2021 to $145 billion a year later, a decline of approximately 74%, and pointed out that Meme coin trading volume could see an even more pronounced drop after the hype fades. Therefore, directly extrapolating these projects' annual revenue or yield rates based on current high trading volume and fee levels may overestimate their sustainability.
Gate Contract Robinhood Zone and Meme Zone have launched FATCOIN, SHROOM, STONKS contract trading, trading bots, and copy trading
Odaily News: According to the official announcement, the Gate Contract Robinhood Zone and Meme Zone have launched live perpetual contract trading for FATCOIN, SHROOM, and STONKS (settled in USDT), supporting leverage from 1x to 10x. Gate has also simultaneously added trading bots and copy trading features for FATCOIN, SHROOM, and STONKS.