Foreign investment in Japanese government bonds for the week ending July 25

The Solana ecosystem has intensified the attention of investors who have turned their eyes on it in 2024 with the launch of new tokens. During this period, major tokens such as Marinade (MNDE), Raydium (RAY), and Jupiter (JUP) attracted attention, recording strong trades using Solana's layer-1 infrastructure. According to data from DefiLlama, this growth in the Solana ecosystem is noticeable. With tokens such as Marinade (MNDE), Raydium (RAY), and Jupiter (JUP), the total value locked (TVL) has risen to $4.17 billion, an impressive increase since the beginning of the year. This represents almost three times the initial TVL of $1.53 billion#HotTopicDiscussion#

BTC completed the Halving, the market fluctuated widely; the Meme section showed strong market momentum; Merlin Chain launched the Token MERL...

With the development of the Solana staking market, major liquid staking projects such as Marinade, Jito, BlazeStake, and Lido have been launched one after another, providing users with different staking yields and services. Although liquid staking still accounts for a small proportion, its application in the Decentralized Finance ecosystem is gradually increasing, and competition is intensifying. Incentives are crucial for the rise in staking volume of the projects.

Crypto market Q3 macro outlook: Structural bull run has begun. 1. The macro environment is shifting to be favorable. Starting from the third quarter of 2025, the macro environment is quietly changing. The policy environment that previously marginalized digital assets is transforming into an institutional driving force. The end of the Fed's interest rate hike cycle, the return of fiscal policy to a stimulus track, and the accelerated construction of a global encryption regulatory framework are driving the crypto market into a structural reassessment. In terms of monetary policy, the macro liquidity environment in the United States is entering a critical turning point. Although the Federal Reserve officials still emphasize "data dependence," the market has reached a consensus on interest rate cuts within the year. Political factors are also driving the Federal Reserve towards a more accommodative stance. This expectation gap has opened up upward space for the valuation of digital assets. Fiscal policy is also working in tandem. Expansionary policies represented by new large-scale fiscal bills are bringing about an unprecedented capital release effect. This is not only reshaping the U.S.

The liquid staking market within the Solana ecosystem is rapidly developing, with main participants including Marinade, Jito, BlazeStake, and Lido. Marinade and Jito perform outstandingly in terms of staked assets and yields, BlazeStake has seen rapid growth recently, while Lido has exited the market due to a lack of incentives. The incentive measures for liquid staking are crucial for the amount staked and liquidity. The entire market is still in consolidation, and more competitors may emerge in the future.