Gate GUSD on-chain supply exceeds 100 million | Polkadot DAO confirms DOT total supply cap of 2.1 billion

CN
2 hours ago

Gate Research Institute: On September 15, BTC prices remained in the range of $115,000 to $116,600; ETH prices formed a local peak around $4,766 before facing resistance and falling back, currently trading around $4,620. Pump.fun's market share on the Solana ecosystem token issuance platform has risen to 90.4%; Gate GUSD's on-chain supply has exceeded 100 million, with three major mining pools operating simultaneously; Polkadot DAO has proposed to set the total supply cap of DOT tokens at 2.1 billion.

BTC (-0.48% | Current price: 115,434 USDT): Recently, BTC prices have oscillated in the range of $115,000 to $116,600. The price has received support multiple times around $115,400 but encountered strong resistance near $116,600, failing to break through effectively. On September 12, the net inflow of BTC ETF reached $642 million in a single day, with BlackRock's IBIT inflow of $264 million and Fidelity's FBTC inflow of $315 million.

ETH (0.36% | Current price: 4,624 USDT): Recently, ETH's market has shown a structure of strong initial rise followed by oscillation and decline. After forming a local peak around $4,766, the price faced resistance and fell back, currently trading around $4,620. On September 12, the net inflow of ETH ETF reached $405 million in a single day, with BlackRock's ETHA inflow of $165 million and Fidelity's FETH inflow of $168 million.

Altcoins: Most mainstream altcoins have seen slight declines, with market sentiment primarily "neutral." The Fear and Greed Index reported 53 today, indicating that market sentiment has somewhat alleviated compared to previous panic.

Macro: On September 12, the S&P 500 index fell 0.05%, closing at 6,584.29 points; the Dow Jones index fell 0.59%, closing at 45,834.22 points; the Nasdaq index rose 0.44%, closing at 22,141.10 points. As of September 15, 10:30 AM (UTC+8), the spot price of gold is reported at $3,642 per ounce, with a 24-hour decline of 0.02%.

According to Gate market data, the current price of MITO tokens is $0.31, up approximately 40.47% in 24 hours. Mitosis is a liquidity protocol for the modular era, aimed at redefining cross-chain liquidity. It enhances the attractiveness of this mechanism by improving the liquidity of cross-chain LPing. Mitosis LPs will receive derivative tokens that can be exchanged 1:1 for their locked assets.

The main drivers for the recent rise in MITO tokens include: the official launch of the Mitosis mainnet and dApp, along with the simultaneous introduction of an incentive reward pool to celebrate the launch of tMITO, allowing users to earn rewards by staking tMITO. Additionally, the Mutate feature (beta version) is now open, further enriching the protocol's interaction scenarios. Meanwhile, SPACE ID has expanded to Mitosis, supporting its identity layer with the .mito domain name, significantly enhancing the ecological application value and user stickiness.

According to Gate market data, the current price of TOWNS tokens is $0.03, up approximately 24.85% in 24 hours. Towns is a decentralized real-time messaging protocol built on an EVM-compatible L2 layer, providing smart contract support on the Base network. The protocol promotes the development of "spaces" that can be owned and monetized through on-chain membership, encrypted messaging, and a programmable reputation mechanism.

The core factors driving the rise of TOWNS include the expansion of ecological applications and rapid growth of on-chain data. As a decentralized real-time messaging protocol, recent positive developments include: $TOWNS has been listed on OpenSea; the total tips amount in a single Towns App group has exceeded $105,000; the protocol's staking scale has surpassed 2.3 billion tokens, accounting for 24% of the total supply, with participants achieving an average annualized return of 34.5%. The combination of on-chain activity and economic incentives has jointly driven the strong rise of TOWNS tokens.

According to Gate market data, the current price of AVNT tokens is $0.91, up 11.72% in 24 hours. Avantis is the largest derivatives exchange on the Base platform and also the largest decentralized exchange (DEX) for trading and market-making real-world assets (RWAs).

The main drivers for the recent rise in AVNT tokens include: the project continues to expand its market coverage, having launched on multiple mainstream exchanges and now opening spot trading on a Korean exchange, further enhancing liquidity and user attention; platform reward activities are ongoing, with a total of 60,000 OP (approximately $50,000) in incentive funds distributed, providing users with continuous participation motivation; meanwhile, Avantis has entered the top five fee-contributing protocols on the Base chain, indicating its increasing application activity and ecological value.

According to Jupiter data, as of September 15, in the latest statistics of market share for Solana ecosystem token issuance platforms, Pump.fun leads with a market share of 90.4%, far ahead of the second-ranked Letsbonk (5.45%) and the third-ranked Believe (1.6%). This data highlights Pump.fun's dominant position in Solana token issuance and ecological construction.

Pump.fun's market share exceeding 90% indicates that it has nearly formed a monopoly in the Solana token issuance field. This not only reflects the platform's technological advantages and user trust but also demonstrates the strong preference among users in the ecosystem for efficient, secure, and feature-rich token issuance tools. In the future, if Pump.fun can continue to optimize the experience and launch more innovative features, it is expected to further consolidate its leading position in Solana and the broader Web3 ecosystem, while also posing significant competitive pressure on other token issuance platforms.

Gate GUSD's on-chain supply has exceeded $100 million. Users holding GUSD in spot, wealth management accounts, and Launchpool can enjoy an annualized yield of approximately 4.4% from minting, along with product yields for double interest returns. Currently, Gate Launchpool is simultaneously operating three major GUSD mining pools: AVNT mining pool with an annualized yield of 16.32%, U mining pool at 16.85%, and BOT mining pool at 16.07%. GUSD is supported by Gate ecosystem revenue, government bond RWAs, and stablecoin assets, combining trading, collateral, and yield functions to provide users with a robust yield solution.

The GUSD supply exceeding $100 million indicates a rapid increase in market acceptance of Gate's stablecoin ecosystem. Its yield model combines on-chain stable returns with DeFi mining incentives, which not only strengthens GUSD's asset attributes but also enhances its circulation value within the ecosystem. The high annualized yields offered by Launchpool further attract capital inflows, helping to solidify GUSD's competitiveness in the stablecoin sector. However, whether it can continue to attract users in the future will depend on the sustainability of yields and the robustness of the underlying asset support.

Polkadot DAO's (Polkadot Decentralized Autonomous Organization) Proposal No. 1,710 was passed with a high support rate of 81%, setting the total supply cap of DOT tokens at 2.1 billion. This means that Polkadot will end the current model of unlimited supply with an annual increase of 120 million DOT. According to the new proposal, future increases in DOT will be gradually reduced every two years, significantly slowing the growth rate of token supply and bringing more scarcity expectations to the market.

The passage of this proposal marks a transition in Polkadot's economic model to a "fixed supply + decreasing issuance" phase, which has significant implications for investors and ecological participants. On one hand, the supply cap and gradual reduction mechanism may enhance the scarcity value of DOT, boosting the confidence of long-term holders; on the other hand, it also reflects the increasing maturity of Polkadot's ecological governance, with the community's focus on inflation control and the sustainability of token economics strengthening. In the short term, the market may form positive expectations for DOT, but it is also necessary to pay attention to the balance between gradual reduction and network incentives and ecological expansion.

Related: The Ethereum Foundation launches "Ethereum Privacy Manager" and roadmap

Original: “Gate GUSD on-chain supply exceeds 100 million | Polkadot DAO sets DOT total supply cap at 2.1 billion”

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