Key Market Insights from September 23, how much did you miss?

律动BlockBeats

2025-09-23 19:13

Read this article in 8 Minutes

Top News

1. Deribit platform saw one of the largest-ever expiry option values on Friday, with traders expecting market turbulence

2. Falcon Finance's public sale raised over $96 million, oversubscribed by 24 times

3. KOL Disclosure: The Plasma team is composed of the original members of the L2 project Blast, and their relationship with Tether is not very close

4. UXLINK hacker has sold UXLINK through 6 addresses and has received 6732 ETH

5. Total locked value of USDe and USDtb hits a new high, now exceeding $16 billion

Trending Topics

Source: Overheard on CT (tg: @overheardonct), Kaito

RON: Today, the main discussion about RON focused on an important buyback plan announced by the Ronin Treasury, which will commence on September 29. The treasury plans to use $4.5 million from reserves (including 895 ETH and $650,000 USDC) to repurchase approximately 1.3% of RON's circulation. This move is seen as a bullish signal, showcasing the protocol's actual revenue and commitment to supporting the token. The expected buyback will create daily buying pressure and is part of Ronin's ecosystem strengthening strategy before migrating to Ethereum Layer 2.

FALCON: Today, discussions about FALCON mainly revolved around FalconStable's latest developments and announcements, including the establishment of the FF Foundation and the launch of the $FF token. The community is actively participating in the Yap2Fly event, but some participants are dissatisfied due to changes in the leaderboard rules. In addition, the $USDf stablecoin is gaining attention for its 9.2% annual percentage yield and fully collateralized mechanism. The Falcon ecosystem is rapidly growing, with a total locked value on Buidlpad exceeding $32 million. The community is optimistic about FALCON's potential in the stablecoin market.

MONAD: Monad has attracted widespread attention on Twitter due to its upcoming mainnet launch, seen as a potential solution to current EVM issues, promising to provide more efficient and faster performance. Discussions focus on Monad's scalability, low-latency event execution, and validator setup costs. The community is also discussing Monad's pre-listing trading and potential airdrop, comparing it to successful projects like Aster. Additionally, integration across multiple platforms and Monad's role in the evolving crypto ecosystem have become key topics of discussion.

MEGAETH: MEGAETH has sparked discussions on Twitter as it is expected to launch its mainnet in October. The discourse revolves around its role as a decentralized, scalable, and secure network, and the revolutionary impact it could have on the blockchain space. The introduction of a native stablecoin is seen as a strategic move to enhance liquidity and user retention. With support from notable figures and substantial funding, the project is highly anticipated in the Ethereum Layer 2 race. The community is awaiting further updates on the tokenomics and mainnet schedule, with overall sentiment leaning bullish.

NYT: Today's discussion about NYT mainly focuses on the Novastro project, which has garnered significant attention on Twitter. Novastro is an AI-driven modular RWAfi Layer that focuses on tokenizing real-world assets (RWA) and supports trading and yield generation. The project is set to have its TGE on October 15, 2025, on the Kaito Launchpad, with a valuation of $50 million FDV. The community is particularly interested in its "compliance-first" approach, with widespread belief that Novastro has the potential to reshape the DeFi landscape by bringing real-world assets into the blockchain ecosystem.

Featured Articles

1. "Missed Aster? Look at these Super-Profitable Unlaunched Perp DEX"

Behind the Aster hype, the entire Perp DEX track is undergoing an unprecedented race competition. From technical innovation to user experience, from asset diversification to ecosystem integration, each project is seeking its own path to differentiation. But the most important data among them is revenue data. From revenue data, these projects have already demonstrated real revenue-generating capabilities. To have a more comprehensive understanding of the current state of this track, we have reviewed the top 5 most profitable pre-launched Perp DEX and see how they have found their foothold in their respective segments and how they started out.

2. "Big Project Week, What Other Opportunities Are There for New Listings?"

This week is definitely the most intense week for super big projects this year. Tether's Plasma (XPL) is about to go live, DWF's Falcon Finance new listing is also about to close, it is said that the OTC market's account price through quota-based KYC accounts was once speculated to be as high as $120, and Kraken also has a new project from the founder of Curve about to debut. The wealth effect of new coins, led by STBL and 0G, is also quite substantial. Besides these, what other new listing opportunities are there in the market? BlockBeats has compiled a list of several other recently equally noteworthy projects.