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Commodity Zero-Fee Gala

Airdrop

An Airdrop is a distribution of free tokens to a community, typically used as a marketing tool or a reward for early protocol adopters and testers. In 2026, the "points-to-airdrop" model has matured into merit-based incentive programs that utilize Sybil-resistance and Proof-of-Humanity to filter out bots. Airdrops remain a primary method for decentralized governance (DAO) bootstrapping. Follow this tag for the latest on retroactive rewards, eligibility criteria, and how to participate in the most anticipated token distributions in the ecosystem.

5500 Articles
Created: 2026/02/02 18:52
Updated: 2026/02/02 18:52
Solana’s HumidiFi Plans Fresh Token Sale After Bot Farm Snipes Entire WET Supply

Solana’s HumidiFi Plans Fresh Token Sale After Bot Farm Snipes Entire WET Supply

TLDR: HumidiFi resets its token launch after a bot farm acquired the entire WET supply within seconds. The project will airdrop a new token to Wetlist and JUP staker buyers while excluding the bot cluster. A revised DTF contract built with Temporal and audited by OtterSec will support Monday’s sale. HumidiFi says the relaunch aims [...] The post Solana’s HumidiFi Plans Fresh Token Sale After Bot Farm Snipes Entire WET Supply appeared first on Blockonomi.

Author: Blockonomi

2025/12/05

Ethereum's New Privacy Infrastructure: In-depth Analysis of How Aztec Achieves "Programmable Privacy"

Ethereum's New Privacy Infrastructure: In-depth Analysis of How Aztec Achieves "Programmable Privacy"

Author: Zhixiong Pan In the second decade of blockchain technology development, the industry is facing a fundamental philosophical and technological paradox: while Ethereum, as a "world computer," has successfully established a trustless value settlement layer, its radical transparency is becoming an obstacle to widespread adoption. Currently, every interaction, asset allocation, salary transfer, and even social relationship among on-chain users is exposed to a permanently immutable public panoramic prison. This "glass house"-like existence not only infringes on individual sovereignty but also excludes the vast majority of institutional capital due to the lack of trade secret protection. 2025 marks a decisive turning point in industry consensus. Ethereum co-founder Vitalik Buterin explicitly stated that "privacy is not a function, but a health measure," defining it as the foundation of freedom and a necessary condition for social order. Just as the evolution of the internet from plaintext HTTP to encrypted HTTPS spurred the boom in e-commerce, Web3 is at a similar tipping point. Backed by approximately $119 million in funding, Aztec Network (the Ignition architecture) is driving Ethereum towards an infrastructure upgrade towards programmable privacy through Ignition Chain, the Noir language ecosystem, and Noir-based proof applications like zkPassport. Macro Narrative: From Single-Point Breakthroughs to the Depth of "Overall Privacy" Defense The Ethereum ecosystem's understanding of privacy has evolved beyond a single coin mixing protocol into a "Holistic Privacy" architecture that spans the network, hardware, and application layers. This paradigm shift became a focal point at the 2025 Devconnect conference, establishing that privacy protection must possess full-stack defense depth. Refactoring Software Standards: Kohaku and Stealth Metaaddresses The Kohaku reference implementation, led by the Ethereum Foundation's Privacy Exploration Team (PSE), marks the transition of privacy technology from a "wild plugin" to a "legitimate force." Kohaku is more than just a wallet SDK; it attempts to fundamentally restructure the account system. By introducing the "Stealth Meta-Address" mechanism, Kohaku allows the recipient to publish only a static meta-public key, while the sender generates a unique, one-time on-chain address for each transaction based on elliptic curve cryptography. To external observers, these transactions appear as if they were sent to a random black hole, making it impossible to establish a correlation with the user's true identity. Furthermore, Kohaku provides reusable integration components around mechanisms such as stealth meta-addresses and stealth addresses, attempting to move privacy capabilities from "plug-ins" to a more standardized wallet infrastructure. The Last Bastion of Hardware Defense: ZKnox and the Quantum Threat If Kohaku safeguards the logic at the software level, then ZKnox, an Ethereum Foundation (EF)-funded project that fills the hardware gaps in the ecosystem, focuses on addressing deeper key security and future threats. With the increasing prevalence of ZK applications, more and more sensitive witnesses (potentially containing key materials, identity data, or transaction details) need to participate in the proof and signature process on the terminal side, thus expanding the risk of leakage when clients are compromised. ZKnox focuses more on improving and implementing the infrastructure to make quantum-resistant cryptography "usable and inexpensive" on Ethereum (e.g., promoting related pre-compilations to reduce the computational cost of lattice cryptography), paving the way for future migration to PQ signature schemes. More importantly, in the face of the potential threat that quantum computing may pose to traditional elliptic curve cryptography in the 2030s, ZKnox is focusing on infrastructure work to make quantum-resistant cryptography available and cheap enough on Ethereum. For example, EIP-7885 proposes to add NTT pre-compilation to reduce the on-chain verification cost of lattice cryptography (including schemes such as Falcon) and pave the way for future PQ migration. Aztec's historical standing and technological architecture: Defining the "Private World Computer" In the evolution of the privacy field, Aztec occupies a unique niche. Unlike the pseudonym mechanism of the Bitcoin era, and surpassing the single "transactional privacy" offered by Zcash or Tornado Cash, Aztec is committed to achieving Turing-complete "programmable privacy." Its core team includes the co-inventors of the PLONK zero-knowledge proof system, which gives Aztec a deep-rooted ability for original cryptographic innovation. Hybrid State Model: Breaking the Impossible Triangle The biggest challenge in building a privacy-preserving smart contract platform lies in how to handle state. Traditional blockchains are either entirely public state (like Ethereum) or entirely private state (like Zcash). Aztec creatively proposes a hybrid state model: at the private level, it adopts a Bitcoin-like UTXO model, storing user assets and data as encrypted "Notes". These tickets are marked "spent/expired" by generating corresponding nullifiers, thus preventing double-spending and maintaining privacy regarding ticket content and ownership. At the public level, Aztec maintains publicly verifiable public state, which is updated by public functions in the network-side public execution environment. This architecture allows developers to mix private and public functions within the same smart contract. For example, a decentralized voting application can expose the global state of "total votes," but keep "who voted" and "what voted" strictly confidential through private state. Dual Execution Model: A Harmony of PXE and AVM Aztec's execution is split into two layers: client and network. Private functions are executed in the client's PXE and generate proofs and commitments related to the private state. Public state transitions are executed by the sequencer (running a public execution environment/VM) and generate (or delegate to the prover network to generate) proofs of validity that can be verified on Ethereum. Client-Side Proving: All private data processing occurs within the user's local Private Execution Environment (PXE). Whether generating transactions or computing logic, the user's private key and plaintext data never leave their device. The PXE is responsible for running the circuit locally and generating a zero-knowledge proof. Public Execution and Verification (AVM): Users only submit the generated proofs to the network. On the network side, the sorter/block-producing committee verifies the private proofs and re-executes the public parts during the packaging process. The public contract logic is executed in the AVM and incorporated into the final validity proof that can be verified on Ethereum. This separation of "private inputs on the client and public state transitions verifiable" compresses the conflict between privacy and verifiability within the boundaries of the provable interface, without requiring the entire network to see all plaintext data. Interoperability and Cross-Layer Communication: Portals and Asynchronous Message Passing Under the Ignition architecture, Aztec does not treat Ethereum as a "background execution engine" to proxy the execution of DeFi instructions. Instead, it establishes an L1↔L2 communication abstraction through Portals. Since private execution needs to be "prepared and proven" in advance on the client side, and public state modification must be executed by the sequencer at the chain head, Aztec's cross-domain calls are designed as a one-way, asynchronous message passing model: L2 contracts can initiate call intentions to the L1 portal (or vice versa), and the message becomes consumable in subsequent blocks through the rollup mechanism. Applications need to explicitly handle failure and rollback scenarios. Rollup contracts take on key responsibilities such as maintaining the state root, verifying state transition proofs, and moving message queue states, thereby enabling composable interactions with Ethereum while maintaining privacy constraints. Strategic Engine: Noir Language and the Democratization of Zero-Knowledge Development If Ignition Chain is the body of Aztec, then the Noir language is its soul. For a long time, the development of zero-knowledge proof applications was limited by the "two-brain problem," requiring developers to be both seasoned cryptographers and skilled engineers, manually translating business logic into low-level arithmetic circuits and polynomial constraints. This was not only inefficient but also highly prone to introducing security vulnerabilities. The power of abstraction is independent of the backend. Noir emerged to end this "Tower of Babel" era. As an open-source domain-specific language (DSL), Noir employs a modern syntax similar to Rust, supporting advanced features such as loops, structs, and function calls. According to a developer report from Electric Capital, writing complex logic in Noir requires only one-tenth the amount of code compared to traditional circuit languages (such as Halo2 or Circom). For example, after migrating to Noir, Payy's privacy payment network reduced its core codebase from thousands of lines to approximately 250 lines. More strategically significant is Noir's "Backend Agnosticism." Noir code compiles to an intermediate representation layer (ACIR), which can interface with any proof system that supports the standard. Noir decouples circuit representation from specific proof systems through ACIR: it comes with Barretenberg by default within the Aztec protocol stack, while ACIR can also be converted/adapted to different backends such as Groth16 outside the chain or in other systems. This flexibility makes Noir a universal standard in the entire ZK field, breaking down barriers between different ecosystems. Ecosystem Explosion and Developer Moats Data proves the success of the Noir strategy. In Electric Capital's annual report, the Aztec/Noir ecosystem has ranked among the top five fastest-growing ecosystems for developers across the industry for two consecutive years. Currently, more than 600 projects on GitHub are built using Noir, covering everything from authentication (zkEmail) and games to complex DeFi protocols. By hosting the NoirCon global developer conference, Aztec has not only solidified its technological moat but also fostered a vibrant ecosystem of privacy-focused native applications, foreshadowing a Cambrian explosion in privacy applications. Network Cornerstone: Decentralized Practices of Ignition Chain In November 2025, Aztec launched Ignition Chain on the Ethereum mainnet (currently focusing on decentralized block generation and proof processes, with transactions and contract execution expected to be gradually opened in early 2026). This is not only a technological milestone, but also a radical practice of Layer 2 decentralization. The courage to start with decentralization In the current Layer 2 scaling race, most networks (such as Optimism and Arbitrum) rely on a single centralized sequencer in the early stages to ensure performance, postponing decentralization to an uncertain future. Aztec chose a completely different path: Ignition Chain operated from the outset with a decentralized validator/orderer committee architecture, and delegated key permissions to an open set of validators as much as possible. The network triggered genesis block production after the validator queue reached a startup threshold of 500, and attracted 600+ validators to join and participate in the block production and endorsement process in the early stages after its launch. This design is not superfluous; it is the bottom line for the survival of privacy networks. If the sorter is centralized, regulatory agencies or powerful bodies can easily pressure it to review or reject privacy transactions from specific addresses, rendering the entire privacy network ineffective. The decentralized sorter/committee design eliminates the single point of censorship by a single sorter and significantly improves the censorship resistance of packaged transactions, assuming the existence of honest participants and the validity of the protocol assumptions. Performance Roadmap While decentralization brings security, it also presents performance challenges. Currently, Ignition Chain's block generation time is approximately 36-72 seconds. Aztec's roadmap aims to gradually compress the current long block interval to around 3-4 seconds (target timeframe: end of 2026) through parallel proof generation and network layer optimization, approaching the user experience of the Ethereum mainnet. This signifies that privacy networks are moving from "usable" to "high-performance." Killer app: zkPassport and the paradigm shift in compliance Technology itself is cold until it finds an application scenario that solves real human pain points. zkPassport is more accurately described as one of the identity verification/compliance signaling tools in the Noir ecosystem. Aztec uses its circuitry in its own scenarios to perform "minimal disclosure" compliance verification, such as sanctions list checks, thereby exploring a compromise between privacy and compliance. From data collection to fact verification Traditional KYC (Know Your Customer) processes require users to upload passport photos and identification documents to centralized servers. This is not only cumbersome but also creates countless vulnerable data honeypots. zkPassport completely overturns this logic: it utilizes the NFC chip embedded in modern e-passports and government digital signatures to read and verify identity information locally through physical contact between the phone and the passport. The Noir circuit then generates zero-knowledge proofs in the user's local environment. Users can prove to applications that they are "over 18 years old," "belong to the permitted list/not on the prohibited jurisdiction list," and "have not been hit by sanctions checks," without revealing details such as their full date of birth or passport number. Protection against witch attacks and institutional access zkPassport's significance extends far beyond identity verification. By generating passport-based anonymous identifiers, it provides a robust "Sybil Resistance" tool for DAO governance and airdrop distribution, ensuring the fairness of "one person, one vote" while preventing the possibility of reverse-tracking users' real identities. In practice, these verifiable, minimally disclosed compliance signals are expected to reduce compliance friction for institutions participating in on-chain finance, but they are not equivalent to a complete KYC/AML process. Institutions can prove their compliance qualifications through zkPassport, participating in on-chain financial activities without exposing their trading strategies and fund sizes. Aztec demonstrates through this application that compliance does not necessarily mean creating a panopticon; technology can simultaneously meet regulatory requirements and protect personal privacy. Economic Model: Continuous Liquidation Auction (CCA) and Fair Distribution As fuel for decentralized networks, the issuance mechanism of the native token AZTEC itself reflects the project team's extreme pursuit of fairness. Aztec abandons the traditional issuance model that easily leads to sniping and gas fee wars, and in collaboration with Uniswap Labs, introduces the innovative "Continuous Clearing Auction (CCA)". Price discovery and anti-MEV The CCA (Clearing and Settling) mechanism allows the market to fully engage in competition within a set time window to discover the true price. During each CCA clearing cycle, trades are settled at a uniform clearing price, thereby reducing front-running and gas bidding. This mechanism effectively eliminates the profit margin for front-runners, allowing retail investors to compete on a level playing field with whales. Liquidity of the protocol What's even more innovative is that CCA achieves an automated closed loop for issuance and liquidity establishment. The auction contract can automatically inject (partial) auction procedures and tokens into the Uniswap v4 liquidity pool according to pre-disclosed parameters, forming an on-chain verifiable "issuance → liquidity" closed loop. This means that the AZTEC token has had ample on-chain liquidity from its inception, avoiding the dramatic price swings common in new coin listings and protecting the interests of early community participants. This more DeFi-native approach to issuance and liquidity bootstrapping is often used to illustrate a type of implementation path where AMMs can expand from "trading infrastructure" to "issuance infrastructure." Conclusion: Building the "HTTPS Era" of Web3 Aztec Network's ecosystem, from the underlying Noir language standard to the upper-layer zkPassport application and the Ignition Chain network, is transforming the Ethereum community's long-held vision of "HTTPS upgrade" into a usable engineering reality. This is not an isolated technical experiment, but rather echoes Ethereum-native initiatives such as Kohaku and ZKnox, jointly building a layered privacy defense system from hardware to applications. If the early development of blockchain established trustless value settlement, then the next core theme will be establishing data autonomy and confidentiality. In this process, Aztec plays a crucial infrastructure role: it doesn't attempt to replace Ethereum's transparency, but rather completes the puzzle with "programmable privacy." As the technology matures and compliance frameworks improve, we can expect a future where privacy is no longer an "additional feature" but a "default attribute"—a "private world computer" that retains the verifiability of the public ledger while respecting individual digital boundaries.

Author: PANews

2025/12/05

Solana Price Prediction: Key Resistance That Could Trigger a SOL Dip to $130

Solana Price Prediction: Key Resistance That Could Trigger a SOL Dip to $130

The post Solana Price Prediction: Key Resistance That Could Trigger a SOL Dip to $130 appeared on BitcoinEthereumNews.com. Key Insights: An expert Solana price prediction expressed fear that the SOL price could break to $130 if it fails to sustain a key support. Solana is testing the $144 level again, which has blocked its several rallies earlier. Solana Mobile revealed fresh details about its upcoming SKR token. Solana price prediction is back in focus after one expert said SOL could push into the mid-$150 if it breaks through its next major barrier. The token traded near the $137 mark following a sharp 3% dip in 24 hours, after a recent rcovery from the losses that briefly sent it down to $123 last week. That rebound has also drawn institutional traders back into the market. Solana Price Prediction: Key Resistance Levels to Watch The latest Solana price prediction comes as SOL price tested the $144 level again. This area has blocked several rallies, and the latest attempt is showing the same hesitation. Buyers pushed the price up, but the momentum is fading. Right now, $144 is firm resistance. Each time SOL reaches it, sellers step in. The market still treats this zone as an important barrier. Until price breaks above it with strength, upside movement will remain limited. If SOL price fails here, $130 is the next key support. This level helped the last rebound and is the most likely target in a pullback. The projected path on the chart also points to a slow move lower if the rejection continues. Solana price still needs a strong move above $144 to push the trend higher. If that doesn’t happen, the chart makes a pullback toward $130 a realistic possibility. Solana Price Analysis | Source: Crypto_zerro Analysts Warn a Rejection Could Send Solana Price Back to $130 Solana price is still pushing into the resistance zone around $145. The chart…

Author: BitcoinEthereumNews

2025/12/05

Aster 2026 roadmap unveiled with staking and L1 launch

Aster 2026 roadmap unveiled with staking and L1 launch

The post Aster 2026 roadmap unveiled with staking and L1 launch appeared on BitcoinEthereumNews.com. Aster [ASTER] launched nearly three months ago following the merger of Astherus and APX Finance. During this time, the broader crypto market has suffered significant losses as Q4 turned bearish. Yet, Aster has remained relatively steady, supported by the team’s earlier roadmap. The key question now is: what lies ahead for ASTER in 2026? Aster’s 2026 roadmap After recording early successes, AsterDex announced its 2026 roadmap. The team posited that as they advance, they will double down on infrastructure, token utility, Ecosystem, and community.  These three foundational engines will reinforce each other in a continuous cycle.  Firstly, in early December 2025, Asterdex will enact a shield mode for private high-leverage trading and TWAP strategy orders.  Building on this, mid-December 2025 will see RWA upgrade to deeper, broader stock perpetual markets. By the end of the year, the Aster chain testnet will open for community testing.  In Q1 2026, Aster will launch its Layer‑1 chain, introduce Aster Code for builders, and roll out a fiat on/off ramp.  By Q2, the project plans to begin staking, establish on‑chain governance, and release smart‑money tools that allow users to track top traders.  With these milestones, Aster aims to evolve beyond “just a DEX” and position itself as a full‑stack liquidity network. Aster burns 77.8 million tokens To achieve the 2026 goals, AsterDex has continued to stabilize Aster’s market conditions by aggressively taking deflationary measures.  In fact, after completing the S3 buyback program of 155.7 million tokens, the team executed token burn and airdrop allocations as earlier promised.  According to the official statement, 77,860,328 ASTER tokens, valued at $89.8 million, were burned, permanently removing them from circulation.  Thereafter, 77,860,328 ASTER tokens were locked, with the remaining 50% of buyback tokens transferred to the airdrop locked wallet. Source: Asterlify So far, the team has purchased 10.1 million…

Author: BitcoinEthereumNews

2025/12/05

iAero Protocol Announces Launch of Its Token Sweeper, Distributes 5% of LIQ Supply to Stakers

iAero Protocol Announces Launch of Its Token Sweeper, Distributes 5% of LIQ Supply to Stakers

The post iAero Protocol Announces Launch of Its Token Sweeper, Distributes 5% of LIQ Supply to Stakers appeared on BitcoinEthereumNews.com. Advertisement &nbsp &nbsp Disclaimer: The below article is sponsored, and the views in it do not represent those of ZyCrypto. Readers should conduct independent research before taking any actions related to the project mentioned in this piece. This article should not be regarded as investment advice. iAero Protocol, a Base-native liquid staking protocol that enables users to earn Aerodrome voting rewards without lockup requirements, has stunned the crypto ecosystem with a big update today. According to an official announcement from the platform, iAero has launched its Token Sweeper, an application that enables users to swap multiple tokens in a single transaction.  While this marks a major milestone for the protocol, it also announced it has released Season 1, a six-month campaign distributing 5% of LIQ token supply to iAERO stakers. As designed, iAero Protocol allows users to deposit AERO or veAERO and receive liquid iAERO tokens. This provides liquidity for vote-escrowed positions while maintaining exposure to Aerodrome voting rewards. Advertisement &nbsp While vote-escrowed token models require users to lock capital to earn yields, yiAero Protocol offers an alternative approach: users deposit AERO, receive liquid iAERO, and can unstake at any time without penalties. To reward its users, the protocol distributes 88% of its revenue to iAERO & LIQ stakers, with sources including Aerodrome voting rewards, bribe payments, and trading fees. Meanwhile, current staking returns are approximately 35% APR, derived from protocol revenue. Following the launch of the Token Sweeper, it will address wallet fragmentation caused by accumulated tokens from airdrops, yield farming, and trading activity.  Per the announcement, the application enables users to swap multiple tokens into USDC or WETH in a single transaction, in batches. Also, it routes through over 100 DEXs via aggregation to optimize execution. Furthermore, it enables users to spam tokens using updated blocklists…

Author: BitcoinEthereumNews

2025/12/05

Upbit Resets All Deposit Addresses After Security Breach

Upbit Resets All Deposit Addresses After Security Breach

The post Upbit Resets All Deposit Addresses After Security Breach appeared on BitcoinEthereumNews.com. Upbit deletes all old deposit addresses during wallet maintenance. Exchange will resume deposits and withdrawals for 33 assets on December 5. Move follows November 27 security breach causing $30-37M in losses. South Korea’s largest cryptocurrency exchange Upbit has deleted all old deposit addresses amid wallet maintenance. Users must generate new deposit addresses before making any deposits to the platform. Upbit announced that deposits and withdrawals for 33 assets across 21 networks will gradually resume starting December 5 at 17:00 KST. The wallet maintenance update follows a November 27 security breach that caused approximately 44.5 billion KRW in losses. The exchange stated that using existing deposit addresses may result in delays in deposits being reflected. Users must issue new deposit addresses before depositing digital assets to avoid processing delays. South Korea’s largest crypto exchange Upbit has deleted all old deposit addresses amid wallet maintenance. Users must generate new ones before depositing. From Dec. 5 at 17:00 (KST), deposits and withdrawals for 33 assets across 21 networks will gradually resume. The update… — Wu Blockchain (@WuBlockchain) December 5, 2025 Upbit deletes all existing deposit addresses The exchange deleted all existing deposit addresses for digital assets during the wallet maintenance period. This affects every user on the platform regardless of account status or asset holdings. Upbit stated the deletions stem from security vulnerability improvements and wallet system maintenance. The platform requires new deposit addresses for all digital assets following the system overhaul. The exchange urged users to immediately delete any existing Upbit deposit addresses registered with personal wallets or other exchanges. This prevents future misuse of old addresses that no longer function on the platform. 33 assets resume deposits across 21 networks Deposits and withdrawals will resume at 5:00 PM on December 5, 2025. The initial batch includes 33 digital assets operating across…

Author: BitcoinEthereumNews

2025/12/05

Analysis: WET token sniper "Ramarxyz" snapped up 70% of the HumidiFi presale.

Analysis: WET token sniper "Ramarxyz" snapped up 70% of the HumidiFi presale.

PANews reported on December 5th that blockchain analytics platform Bubblemaps published an article on its X platform stating that it has identified the WET token sniper, "Ramarxyz," who used over 1,000 wallets to purchase 70% of the HumidiFi presale shares and then demanded a refund. Previously , HumidiFi stated that its initial public sale was disrupted by bots, preventing ordinary users from participating. The sale will be restarted next Monday with a new token airdrop, distributed proportionally to Wetlist and JUP staking users.

Author: PANews

2025/12/05

MEXC Reports 1,329% Average Peak Return Across Top New Tokens in November

MEXC Reports 1,329% Average Peak Return Across Top New Tokens in November

MEXC posts 1,329 percent average peaks on top new tokens in November highlighting utility dominance BSC leadership and tighter volume price alignment.

Author: Blockchainreporter

2025/12/05

Indonesian military steps up relief efforts for flood-hit Sumatra; death toll above 860

Indonesian military steps up relief efforts for flood-hit Sumatra; death toll above 860

The storm systems also killed about 200 people in southern Thailand and Malaysia

Author: Rappler

2025/12/05

With the market in a slump, here are 10 low-cost "coupon-hunting" opportunities.

With the market in a slump, here are 10 low-cost "coupon-hunting" opportunities.

Author: BitpushNews As 2025 draws to a close, while the crypto market remains chilly, several projects with decent activity are releasing airdrop/TGE signals. These opportunities generally don't require large investments and have relatively low barriers to entry, providing a low-risk entry window for investors who want to maintain their position during a bear market but are afraid of being "educated" by the market. This article will outline some of the most promising projects to help you seize future possibilities with less "growing pain" in a depressed market. 1. Lighter (LITER) Lighter is a high-frequency perpetual contract DEX based on Starknet L2, featuring zero transaction fees, ZK proof matching, and instant execution. Designed for professional traders, it's similar to an on-chain version of Citadel. The mainnet launch is scheduled for October 2025, and it's currently in the second season of its points farming event. TGE (Trading GE) is expected to launch at the end of December or in Q1 2026, and with a 98% probability of being included in Polymarket, it's considered the largest airdrop of 2025. Financing situation The company raised approximately $25 million in total, with investors including YZi Labs (lead investor), BinanceCZ family office, a16z Crypto, Paradigm, and other Tier-1 VCs. The funds will primarily be used for mainnet development and a points reward pool. Founder Vladimir Novakovski has a background in the Citadel trading team. Core data Mainnet TVL: $1.1 billion (up 150% in the last 30 days) Daily active users: 56,000+ Daily trading volume: Peak of $18.9 billion (often surpassing Hyperliquid) Total points: 250,000 points distributed weekly (Season 2 to December 31) Estimated FDV: Approximately $500 million to $1 billion (total supply not disclosed, 50% allocated to the community). OTC price of points: $5-11 per point (potential ROI 25-100x) How to participate Trade perpetual contracts on the mainnet (ETH/USDC, etc., leverage up to 50x, earn points). Provide LLP liquidity (share transaction fees + points bonus) Invite a sub-account to farm (the main account receives a 25% rebate, requires a 100-point unlock code). Bridged funding + high-frequency trading (but be aware of the risk of the "death zone," official snapshot before December 31st). As a dark horse in the Perps DEX, Lighter has high technical barriers with zero fees and ZK. With 50% community allocation, its airdrop potential is huge. However, the sustainability of trading volume after TGE is key. It is suitable for traders with thick wallets to rush for quarter-end points. 2. Aster (ASTER) Aster is a next-generation multi-chain decentralized exchange (DEX) focusing on perpetual contracts and spot trading. It supports BNB Chain, Ethereum, Solana, and Arbitrum chains, offering MEV resistance, one-click execution, hidden orders, and high leverage (up to 1001x). Innovatively, it allows the use of asBNB (liquidity staking token) or USDF (yield stablecoin) as collateral for greater capital efficiency. The project originated from the merger of Astherus and APX Finance at the end of 2024, and completed its TGE on September 17, 2025. After its mainnet launch, its trading volume quickly surpassed Hyperliquid, making it a dark horse in the Perp DEX field. Financing situation The company has raised approximately $25 million in total funding. Major investors include YZi Labs (Binance founder's family office, lead investor), Binance Labs (incubator support), a16z Crypto, Paradigm, and others. CZ has personally invested over $2.5 million and serves as an advisor to promote the development of privacy trading infrastructure. Core data Mainnet TVL: Approximately $1.5 billion (up 120% in the last 30 days) Daily active users: 80,000+ Daily trading volume: peaked at over $2 billion Token price: Approximately $1.16 (24-hour range: $1.04-$1.08) Circulating market capitalization: approximately US$2.07 billion (circulating supply of 1.65 billion tokens) FDV: Approximately US$8.2 billion (total supply of 8 billion units) Major trading platforms: CEXs such as Bybit, Bitget, and Binance have listed spot trading. Participation path Stage 4 Farming (Earn Rh points by trading perps, providing liquidity, and holding asBNB/USDF positions, until December 21st) Check S3 airdrop eligibility (the checker opened on December 1st, the claim window is from December 15th to January 15th, 2026, 200M ASTER reward). Rocket Launch Event (Trading volume rewards ASTER+ project tokens, no lock-up period) Invite sub-accounts to inflate traffic (beware of anti-Sybil filtering). With its CZ backing, multi-chain aggregation, and a token economy where the community distributes over 53% of the tokens, Aster stands out in the Perp DEX sector. The launch of the Aster Chain L1 mainnet in Q1 2026 will further amplify its potential, but investors should be wary of unlocking pressure and market volatility. 3. MEXC As a non-leading centralized exchange with 40 million users, it is currently conducting a small airdrop campaign, offering trading rewards and task incentives. Path to obtain qualification: Complete fiat currency top-up and participate in the lucky wheel event. Execute specified trading pair operations and asset deposits, etc. Key data: Estimated earnings: $1 – $5,000 in trading rewards Reward pool size: $44,137,574 Airdrop status: In progress Distribution method: Distributed through the MEXC platform's internal system. As an ideal platform for beginners, its large user base is both an advantage and a challenge – competition for the prize pool will be more intense. It's important to note that the eligible trading pairs are mostly emerging cryptocurrencies, making the tasks more suitable for those with a medium-to-high risk tolerance and familiarity with market volatility. 4. Cysic Network (CYSIC) Cysic Network is a Layer-1 computing network focused on hardware acceleration of zero-knowledge proofs (ZK). Through its self-developed ASIC chips and GPU clusters, it increases ZK proof generation speed by 10-100 times and reduces costs by 91%, primarily targeting real-time ZK applications and ComputeFi models. The project launched its mainnet on September 24, 2025, and is currently in the early production stage. Financing situation The company has raised a total of US$21.85 million, with major investors including Polychain Capital, HashKey Capital, OKX Ventures, Binance Labs, Multicoin Capital, and 13 other institutions. The valuation path is clear, and the sales phase has ended. Core data Mainnet TVL: $80 million (up 60% in the past 30 days) Active users: 1.35 million Online nodes: 260,000+ (Prover + Verifier) Token price: $0.04 Market capitalization: Approximately US$40 million FDV: Approximately $400-500 million (total supply not fully disclosed) Spot trading pairs are available on major trading platforms such as OKX, Binance, and Gate.io. Current participation path Run a Prover/Verifier node (a consumer-grade RTX 4090 is sufficient to participate) Staking $CYS earns governance credits $CGT Participate in the official 4-week Onboarding Campaign throughout December (daily check-in + simple tasks, still eligible for later rewards) Overall, Cysic is one of the ZK infrastructure projects with the most clearly defined mainnet launch, hardware rollout progress, and strong institutional backing. It combines a low circulating market capitalization with high technological barriers, offering significant upside potential during the year-end fund rotation window. However, investors should still be aware of the risks associated with hardware project iterations and market volatility. 5. Layer Zero Season 2 This cross-chain interoperability protocol has connected over 130 blockchains, partnered with institutions such as Tether and PayPal, and reserved 15.3% of the total token supply for community distribution. Path to obtain qualification: Cross-chain asset transfer via Stargate/Jumper Using decentralized applications within the LayerZero ecosystem Hold and stake ZRO tokens Participate in governance voting Key data: Estimated earnings: $2,000 – $15,000 (based on Q1 standards) Reward pool size: 1 billion ZRO, 15.3% of the total supply. Airdrop window: Expected in the fourth quarter of 2025 (subject to uncertainty) Participation difficulty is moderate (requires cross-chain operations and multi-chain participation). Distribution method: Snapshots are expected to be distributed through the official interface. This protocol addresses a key pain point in blockchain interoperability, and its technological prospects are worth watching. However, the team's previous promises regarding the airdrop timeline have been delayed, making participation more speculative and more suitable for users with long-term confidence in its technological roadmap. 6. Abstract Chain As a Layer 2 solution that expands upon the Pudgy Penguins NFT project, which focuses on driving mainstream adoption through a minimalist user experience and has partnered with platforms such as Gate.io. Path to obtain qualification: Collect platform badges Cross-chain assets to the Abstract Network Trading on the Vertex platform Experience on-chain games such as Multiplier and Duper. Key data: Estimated earnings: $1,000 – $8,000 (including PENGU holder bonus) Reward pool size: To be determined (using a participation points system) Airdrop status: Not yet confirmed Distribution method: Through points conversion and badge verification system The project generated a strong response in the community due to the marketing featuring the chubby penguin, but it's worth noting that the initial market hype stemmed partly from expectations of a PENGU airdrop. Since the official airdrop plan has not yet been confirmed, it's currently better suited as an observation target or a low-barrier-to-entry experience for game enthusiasts. 7. Stable (STABLE) Stable is a next-generation Layer-1 chain incubated by Bitfinex, dedicated to stablecoins, focusing on instant payments, low-cost transfers, and global distribution within the USDT ecosystem. Simply put, it's a public chain that integrates an "on-chain PayPal + USDT high-speed channel." The testnet has been running for several months, and the mainnet is planned for launch in Q4 2025 (as early as the end of December). Financing situation It raised a total of $28 million, with an impressive investor lineup: Bitfinex and Hack VC co-led the round, and Franklin Templeton, Susquehanna, Castle Island Ventures, Nascent, eGirl Capital, and many other top traditional and crypto institutions were on the list. It's a typical "institutional investment" project. Core data Testnet TVL: Approximately $120 million (up 40% in the last 30 days) Daily active addresses: 50,000+ Testnet daily transaction volume: approximately $5 million Current token pre-sale price: approximately $0.15 Estimated FDV: around $1.5 billion (total supply of 100 billion tokens, with 53% allocated to the community). TGE will then be directly listed on leading spot exchanges such as Binance and OKX. How to participate The testnet is used for bridging, money transfer, and payment scenarios (the most direct source of points). Participate in the official Pre-deposit event (ConcreteXYZ partner channel; deposits earn points). Daily trading volume + position farming (highly likely to be captured in a December snapshot) Link your wallet to the official website beforehand and complete KYC pre-registration (you can get extra character bonuses). Stable is currently one of the most backed and clearly defined projects in the stablecoin sector, leveraging the combined influence of Tether and Bitfinex. It's highly likely to experience a strong upward trend from the end of this year to early next year. It's suitable for those looking to capitalize on relatively certain airdrops or early-stage gains, but the mainnet launch date still requires close monitoring of official announcements. 8. Zama (ZAMA) Zama is an open-source cryptography company focused on fully homomorphic encryption (FHE) technology. They have built the Zama Protocol—a confidential blockchain protocol that allows public blockchains (such as Ethereum) to process encrypted data without decryption, supporting DeFi, RWA, and stablecoin privacy applications. The testnet is already live, and the mainnet is planned for Q4 2025, coinciding with the TGE (Token Generation Event). On December 1st, Zama announced its first $ZAMA token auction: 10% of the supply will be sold on Ethereum through a sealed-bid Dutch auction, using FHE to ensure bid confidentiality and prevent bot bidding and gas wars. Financing situation It raised a total of $73 million, with a top-tier investment lineup: Series B (June 2025): $57 million, led by Pantera Capital and Blockchange, valuing the company at over $1 billion (becoming the first unicorn in the FHE field). Previous funding rounds: approximately $16 million in seed and Series A funding, with investors including Multicoin Capital. The funds will be primarily used for FHE hardware optimization and mainnet development. Core data Testnet TVL: Approximately $50 million (up 25% in the last 30 days) Daily active addresses: 20,000+ Testnet daily transaction volume: approximately $3 million Current token status: Not listed (end of TGE) Estimated FDV: Approximately US$1 billion (total supply not disclosed, 10% of supply to be auctioned) Auction details: The auction will take place from January 12-15, 2026, with claims starting on January 20; the platform is the Ethereum mainnet, and bidding will be encrypted using the Zama Protocol FHE. How to participate Testnet FHE computation task (encryption/decryption simulation, accumulating points) Join the Creator Program Season 5 (starts in September, monthly rewards + referral fees, and a share of $ZAMA sales after mainnet access). Community engagement (active Discord/Guild users, potential AirDrop eligibility) Public auction preparation (details to be announced in early January; ETH wallet + KYC pre-registration required) Zama is a leading project in FHE privacy computing, backed by unicorn valuation and Ethereum mainnet launch. Its January auction will feature fair distribution and true price discovery, and it has great potential under the privacy narrative at the end of the year. 9. MetaMask As the world's most widely used Web3 wallet, its parent company Consensys has repeatedly hinted at token distribution and is currently conducting the first quarter of the LINEA Rewards campaign. Path to obtain qualification: Download and use the mobile app Holding LINEA rewards earned through the event (affects future eligibility) Perform on-chain operations such as token swaps and cross-chain transactions. Connect to historical wallets to trace accumulated points Key data: Current Rewards: LINEA worth $50–$10,000 (based on transaction volume) Reward pool size: 30 million LINEA (MASK allocation not disclosed) Event Period: LINEA Season 1 to the end of February Difficulty level: Medium Distribution method: Apply through the official application page. The market has been eagerly anticipating the airdrop, but some design aspects of the previous LINEA airdrop sparked discontent within the community, casting some uncertainty over the final distribution of the MASK. Users are advised to participate naturally through regular use and avoid unnecessary transactions in pursuit of the airdrop. 10. Polymarket The decentralized prediction market platform has reached a monthly trading volume of $3 billion and, after receiving a $2 billion investment from ICE Group, has confirmed that it will distribute tokens. Path to obtain qualification: Download the official application Participate in the "Daily Rewards" task system Trading volume may become a key metric (specific rules to be announced later). The prediction market sector continues to gain momentum, and Polymarket's successful acquisition of crucial regulatory approval to re-enter the US market has undoubtedly ignited market attention. Its gameplay is ingeniously designed: users don't need to actually wager; they can earn potential rewards by completing tasks, lowering the barrier to entry. However, it's important to note that the core of this model remains the prediction market mechanism, and participants involved in providing liquidity still need a full understanding of the market risks and game theory involved.

Author: PANews

2025/12/05

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