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Elon Musk & The Transformation of Twitter: By Citizen Of The Future
April 12, 2023
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The New-Era Bird App is Fulfilling X.com’s Original Vision

Over the last couple of months, there has been much talk about Elon Musk's acquisition of Twitter and the hate narrative that has emerged in mainstream media. This tells us that there is resistance to change and a desire to maintain the status quo in the financial world.  However, change is inevitable, and the rise of decentralized networks & Truth Twitter applies to that

In this report we will delve into X.com and the prior discussions of decentralized trust networks around 2012 and how they are transforming the way we communicate and handle money. We will also review other articles from that time period to try and gain insights into the future of social media and the financial system. This research took me about 25 hours to put together so I hope you enjoy an exclusive reveal of the following content: 

  • What Elon Musk is planning with Twitter infrastructure and his X.com Domain, and paths for the future of Twitter 2.0

  • Results of backlink analysis from X.com and the uncovering of documents that haven’t been shown on mainstream internet since 2012, which showcase some of the original vision of  X.com 

  • Comparisons of Facebook & Twitter users from A Decade of Growth- 2012 to 2022 

  • An article showing how Ripple Trust Networks were an early discussion point from X.com and how they how they are Transforming Money, which lead me to find Ryan Frogger’s original Ripple website which dated back to 2006

  • Snippets from articles relating to X.com in 2012 discussing how The future of money is the Web, towards national cryptocurrencies, and what would happen if social media and payments merge and we discover a new payments utopia - and much more…

Elon Musk & the Twitter Acquisition

Let’s begin with Elon’s acquisition of Twitter that started on April 14 2022, and concluded on October 27 2022, for a price of $44 billion dollars. He has now taken Twitter from a public offering to a private company. Within the first month of his takeover, he provided the Twitter employees with two choices

1. Stick around and help build his vision of “Hardcore Twitter 2.0” and that employees who choose to stay will be required to commit to working “long hours at high intensity”.

2. Say goodbye and accept a layoff. This decision allowed him to trim the fat at the company, which led to laying off over 3700 employees, leaving him with ones dedicated to bringing his vision of Twitter 2.0 to life. 

In conversation with Ron Baron in Nov 2022, Musk said he will execute the X product plan “with some improvements”, which will make Twitter “the most valuable financial institution in the world” with his domain of X.com.

The Start to the End of an Era of Censored Speech

We all know the feeling of being censored and not having our voices heard. We all have opinions, and we should be able to share them regardless of whether they are deemed appropriate by others. 

We have witnessed ample censorship on social media platforms. On Facebook, mainstream media outlets disable citizens from commenting on specific stories such as the Maxwell and Epstein articles. Why can’t citizens freely discuss the mainstream news articles? Why do they get to control what the masses can have conversations about when it comes to their content?

The old Twitter - pre-Elon Musk - did not have an edit button and it would censor citizens who did not fit the mainstream narrative. It is great to see some of the previously censored individuals get their voices back, allowing for a neutral town hall where all opinions can be heard and challenged.

Twitter Censored Information Around Leaked Hunter Biden laptop

If you want to learn about how extensively that Twitter manipulated content, please check out the newly released December 2nd 2022 “Twitter Files” that tell an incredible story from the inside of Twitter. It shows the Frankenstein-tale of a human-built mechanism, grown out of the control of its designer.

This story shows the old Twitter wasn’t balanced. Decisions were made based on contacts, and Twitter was overwhelmingly staffed by people of one political orientation. There were more channels for complaint open to the left-leaning individuals versus the right. With the proof from the Twitter Files, it was shown how Twitter took extraordinary steps to suppress the Hunter Biden laptop story by removing links and posting warnings that the link may be ‘unsafe’. They even blocked its transmission via direct message, a tool hitherto reserved for extreme cases. This was all done to prevent citizens from viewing the content involved with the leaked information on Hunter Biden’s laptop right before the 2020 Election.

Note:  Since the time of writing there are now two more Twitter Files:  #TwitterFiles2 #TwitterFiles3

Twitter 2.0 - The Bird App is Evolving & Obtaining a Money License

Twitter has started the registration procedure for processing payments by submitting documentation to the Financial Crimes Enforcement Network (FinCEN) on Nov 3, 2022.

Businesses must register with FinCEN in order to make money transfers, swap currencies, or pay checks. This will end up creating a never before seen “payments utopia'' by combining social media with instant and cheap cross-border payments. I think this is the start to major cryptocurrency adoption for specific networks with real-world utility.

Shoutout to Citizen @ChrisPaulHall on Twitter for sending this document my way!

A Blast From the Past! A Review of Documents Hidden From the Internet for over 10 years - X.Com Research Results…

Currently, when you go to X.com there is nothing to see as nothing on the website is public. Many people would just give up and move on, but I used this as motivation to dig deeper. I used my skill set of backlink analysis and started researching the domain of X.com to see what websites were linking to this domain. I found there were 2.1 million backlinks on the internet that point to X.com

**A backlink is when a website links to another website in a piece of content, “A link leading back to their website”.**

With this ocean of information connecting to X.com, I spent hours digging through 25,000 links and seeing what I could find on this untouched topic.  Out of the top 11 out of 25,000 backlinks I analyzed that are linked to X.com, these were the most important links that I found:

While researching, I was shocked at being able to gain access to these documents that have been buried & deleted from the internet - thank God for the great Web Archive!  It's mind blowing to think about the fact that these articles were all written between 2010 - 2014 before PayPal became an independent, publicly traded company

Please enjoy the following article summaries and the video above accompanying my research.  

“How Ripple Networks are Transforming Money” | X.com

April 20, 2012 by Manu Sporny

As I was digging through my internet history from 10 years ago, I came across an article that caught my attention. The article was written by Manu Sporny for X.commerce, the e-commerce platform that was being developed by eBay.

In the article, Sporny discusses and explains a concept called Ripple Trust Networks, a decentralized network of payment channels that enables real-time, low-cost transactions between parties. He states it has the potential to greatly reduce the costs and complexities of cross-border payments compared to the expensive and slow correspondent banking system.

He also suggests that the use of the ripple network concept in a decentralized setting would have significant economic implications. This would shift tens of billions of dollars in profit from credit card companies to individuals. Individuals would be able to make payments directly with each other without needing to go through a central intermediary like a credit card company.

Furthermore, he suggests that the ripple network would reduce the cost of short-term loans by providing a highly competitive market in which people could request and receive lines of credit. This is because the decentralized nature of the ripple network would allow for a greater number of lenders to participate in the market, increasing competition and driving down interest rates. Overall, he is emphasizing the potential power of decentralized networks like the ripple network and links to a live implementation to the concept he was speaking about. I clicked it and it brought me to one of the first versions of Ripple in 2012 with 4500 network users. Using this link I was able to dig deeper and find the very very first version of the Ripple website dating back to March 2006. This led me to find the initial Ryan Fugger Ripple white paper from 2004

This is the power of the Web—people-powered finance through ripple networks and decentralized payments.”

Additionally, I learned about W3C's Payswarm initiative, which was a proposed open standard for the secure and efficient exchange of digital assets and payments on the web. This initiative was being developed by the World Wide Web Consortium (W3C) Payments Working Group, which aimed to create a technical framework that would enable web-based payment systems to inter-operate seamlessly and securely. But I cant seem to find anything after 2014 so I think it died or had a name change. If you go to https://www.payswarm.com/ it redirects to a W3C Working Group. 

Reading these articles from 10 years ago made me realize just how much progress has been made in the field of digital payments and blockchain technology. It's exciting to see how far we've come and to think about the potential for even further advancements in the future. It's clear that the Ripple Trust Network concept and other W3C Initiatives are transforming the way we think about money and payments, and I'm excited to see where this technology takes us in the next 10 years.

“How Crypto Currencies Transform Money” | X.com

April 27, 2012 by Manu Sporny

This is a very interesting read that provides insight into some high-level thinking of the X/Paypal crew around FIAT & cryptocurrencies back in 2012! The article breaks down the problem with FIAT currencies and how we moved from a silver/gold backing of currency to nothing backing the dollar. It also explains the centralized concept with central banks that control the money printer. 

They state:

“It truly is a remarkable leap of faith that we make. The US dollar has worth because it is backed by the US government and therefore is backed by its people…”

They have a great breakdown of some character traits regarding a “trustworthy cryptocurrency” which can be still used today. They talk about Bitcoin being in the “Tens of Millions of Dollars” – what a throwback! 

The ending of the article talks about moving toward “National Crypto Currencies” that sound like Central Bank Digital Currencies, an innovation that we have been witnessing the adoption of for the last couple of years:

“A fiat-based crypto-currency could operate alongside these other services as an alternative technology-based mechanism for money transmission. The liabilities—like those held by most banks, credit card companies, and money transmission services—would fall squarely on the companies providing the software to use the crypto-currency.”

Manu explains that to replace cash, it is necessary to have open crypto-currency standards, and that developing nations may be the first to make the switch since they are not politically influenced by the banking and finance sector to the degree that more developed nations are (cough in 2022, SEC Gov). Other nations may choose to adopt crypto-currencies in order to increase the efficiency of their market, thus giving them a competitive advantage. 

“Open Web Payment Standards and the New Economy” | X.com

Written May 11, 2012 by Manu Sporny

This article is important, as it talks about “Open Payment Stands” for the Web and how the W3C could open up the “ivory tower of finance and banking” to the general public. Their goal is to create a more transparent, competitive, and fair financial system. They list important things about open payment standards and talk about the world’s first universal payment standard for the Web, which they call a solution called “PaySwarm”. This named solution is no longer around, and I have not figured out what has happened to it yet.

“The Crisis of Money and Its Metamorphosis” | X.com

April 10, 2012 by Manu Sporny

This is a very important article that everyone should read to really get an understanding of cash (FIAT) and the transformation happening with the global monetary system. This article contains a lot of value:

“The past several years have not been kind to the world’s working class and working poor. The foundations on which we have built the institutions of commerce—the markets, the banks, and government—have proven to be less reliable than we had believed, resulting in a wave of monetary crises around the world. Each was met with our brightest national leaders scrambling to correct the instability through obscene injections of capital and massive creations of debt on behalf of the peoples of this world.” 

It talks about being the time to put forth a plan that uses the web, the best communication platform that we have today, to solve our collective monetary crisis. The article then explains the understanding of how we arrived in this predicament and examines the purposes of debt, money, and banking. It goes and talks about debt and the financial system in the early years of global society and how banks have shifted and taken over the economic system. They describe “The Web as an Engine for Innovation” and talk about “Rethinking the Foundations of Money” 

They also talk about “Ripple Trust Networks” powering people's credit.

“The Future Money & The Web” | X.com

May 18, 2012 by Manu Sporny



This is another great informational article where they talk about the concept of “a ripple”, a trust network, and how we could change the way we provide loans and credit - it talks about how cryptocurrencies are poised to replace physical money. He talks about the web as a lifetime depository and how to standardize digital wallet, with it one day coming in place so you can access it from anywhere. 

It also explains how finance is shifting to the web as fintech can innovate faster, using the web base architecture, then traditional banks, and credit card networks. They state in this article, at the time of writing, that there were 2 billion people who use the web. In 2022, there are now around 5 billion people who have access to the web.

“Perhaps the Web’s biggest contribution to our lives has not been the technology itself, but rather a new way of thinking about how we work together to solve the most pressing problems of our time.”

“The Future of Commerce Will Combine Your Social Network and Mobile Device” | X.com

This was from September 21, 2012, written by Nick Hughes. In this article, they discuss:

“If Those Two Powerful Phenomena Merge, Will We Discover a New Payments Utopia?”

They also state:

“Facebook and Twitter, together making up more than a billion socially connected web users, have positioned themselves well for the possible next phase of commerce. Facebook, for instance, recently reported now having 955 million monthly active users and 552 million daily active users. It also said it had 543 million active mobile users, who are much more engaged than its PC users”.

It was also stated that Facebook had over 11 million business profiles! This means in 10 years, as of 2022. 

Facebook has 3 billion monthly users and 2 billion daily users, with over 200 million Facebook business pages. In 2012, Twitter celebrated its 6th birthday while also announcing that it had 140 million users and 340 million tweets per day. Today those numbers are at 450 million monthly active users and around 500 million tweets per day. This article also talks about combining a user ID with a mobile device ID and connecting a secure payment credential, thus having one quick checkout – online or offline

These are the last two important statements I want to point out, then picture what Elon Musk is doing today:

“Now imagine if instant and automatic transactions were coded into those sorts of buttons, allowing the user to transact with a securely stored payment credential on a third-party server in just one click from his or her mobile device.”

 

“If you are developing a mobile payment platform, it only makes sense to consider the imminent power of social sharing and how it will enhance the commerce experience for people around the world.” 

It’s neat to see how social media is exponentially growing and connecting citizens of the globe. I wonder what life is going to look like, reflecting on this, 10 years from now! They also use a great example of “How Facebook Could Transform the Mobile Commerce Market”.

The Bottom Line…

There is now no doubt about it – we are at the start of a new era of payments and social media. This plan has taken over 10 years to come to fruition, and I am so thankful I am doing my homework now, before the transformation has taken place. 

In conclusion, I hope that my research on the connections of the past has provided an interesting and insightful look at the developments that have shaped the current landscape of freedom of speech and payments. As we enter a new era of technology and innovation, it is important to embrace the opportunities and challenges that come with it. The clock is ticking and the whole world is asleep thanks to mainstream media, but it is up to us to awaken and embrace the potential of this moment in time. I hope you have enjoyed reading this edition of the Genfinity's LightHouse Report, and I look forward to sharing more insights and perspectives with you in the future.

Never stop learning and never stop improving! 

Sincerely, 

Citizen of the Future

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Pyth Network (PYTH) To Rally Higher? This Emerging Fractal Setup Saying Yes!

The cryptocurrency market is undergoing a healthy cooldown as Ethereum (ETH) eases to $4,440 from its recent peak of $4,780. The pullback has weighed on most major altcoins — including Pyth Network (PYTH) — which is down about 5% over the past week.

But while the short-term dip might look discouraging, PYTH’s chart is showing something far more interesting: a price structure that mirrors the exact same bullish breakout pattern that sent Skale (SKL) soaring by triple digits earlier this month.

PYTH Mirrors SKL’s Breakout Structure

A glance at SKL’s daily chart reveals a textbook falling wedge formation — a well-known bullish reversal pattern. Once SKL broke above the wedge and printed a higher high followed by a higher low, it flipped both the 200-day and 100-day moving averages into firm support. That technical shift triggered a 148% rally in just days.

PYTH appears to be tracing the same path.

Like SKL, PYTH has already broken out from its falling wedge and formed a higher high and higher low. It is now consolidating just beneath a critical confluence of resistance, with the 100-day MA at $0.1235 and the 200-day MA at $0.1481 — a setup eerily similar to SKL’s pre-breakout structure.

What’s Next for PYTH?

For the bullish fractal to fully play out, PYTH will need to close decisively above the $0.1235–$0.1481 zone, ideally on rising volume. A confirmed breakout could open the door to the first upside target of $0.21, representing roughly 78% potential gains from current levels.

However, confirmation is key. Until PYTH clears these moving average hurdles, it remains vulnerable to extended consolidation or even a false breakout. Still, the fractal similarity to SKL is hard to overlook — and if history repeats, PYTH bulls could be on the verge of a major move.

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Deep Dive into Pyth Network 💎💎💎💎💎
👉From November 2024😉

What are Oracles?

Blockchains in and of themselves are useful already, for trustless and permissionless transactions without censorship. No trust or verification from the user is required because it is stored on a decentralised ledger with global consensus. What if certain transactions require reliable and real-time data from external sources that do not necessarily have a global consensus or can be stored on the same ledger? For example:

  • Products that rely on price feeds of assets from other blockchains or real-world markets: Many decentralized finance (DeFi) applications, like decentralized exchanges or lending platforms, need accurate and timely information about asset prices (e.g., stocks, cryptocurrencies, commodities). Since these prices are continuously changing in real-world markets, blockchains need a way to securely access this off-chain data.
  • Products that require verifiable and secure random numbers: Randomness is crucial for a variety of blockchain use cases, such as lotteries, gaming, and even secure cryptographic protocols. However, generating truly random numbers on-chain is challenging without introducing bias or predictability. Off-chain randomness, when provided by a reliable source, is often needed.
  • Products dependent on historical price data: Some DeFi platforms and financial products might need access to archived price data for risk assessment, backtesting trading strategies, or offering historical analysis. Since blockchains primarily focus on storing current state information, they need external sources to provide this historical data efficiently.

To address these challenges, Oracles were introduced. Oracles serve as bridges between blockchains and the external world, providing smart contracts with access to off-chain data. They connect external data providers—such as market data owners, web APIs, or IoT devices—to decentralized applications across multiple blockchains. Oracles enable these applications to securely and reliably obtain real-time data, execute transactions based on external events, and interact with data that cannot be directly stored on-chain.

Why can this data be trusted? Oracles provide a robust mechanism for ensuring the integrity and reliability of off-chain data before it is used on the blockchain. An oracle network verifies the:

  • Authenticity: To ensure that the data is genuine and comes from a legitimate source, oracle networks source data from multiple trusted providers or verifiable APIs. This process reduces the risk of malicious or false information being introduced into smart contracts.
  • Accuracy: Accurate data is crucial for smart contracts to function correctly. Oracles achieve this by aggregating data from several independent sources. Instead of relying on a single provider, an oracle network will query multiple data sources and compare their responses.
  • Reliability: Oracle networks enhance reliability by using decentralized nodes, which increases resilience against failures or malicious activity. If one data source or node fails or provides incorrect information, the other nodes in the network can continue to operate and provide valid data.

The demand for accurate and reliable off-chain data is growing as the number of real-world use-cases and adoption of blockchain increases. Users of applications are more than willing to pay for an oracle service that is accurate and reliable and covers a large variety of use-cases.

Pyth Network versus Other Oracles

Read the blog post of Battle of the Oracles to learn more about the different oracles solutions. To recap, Pyth Network is a high-frequency oracle leveraging Solana's technology, offering a robust solution for off-chain data sharing for primarily decentralized finance applications (DeFi). It provides services like real-time price feeds and benchmarks, accessible to a wide range of financial service providers. PYTH is the governance token and utility token of the Pyth Network. Supply and demand for the PYTH token is directly related to level of usage and total demand of Pyth’s services and Pyth Network’s Tokenomics.

Total Value Secured by Oracles

While Chainlink holds the lion’s share of the total value secured by oracles, Pyth has shown by far the largest growth in terms of TVS, number of protocols supported and number of DApps. Pyth is expanding rapidly, across different networks and protocols, supporting more DApps, data providers and integration partners every day. In the same time frame, Chainlink’s marketshare has decreased. Comparing the main metrics of MCAP/TVS ratio and MCAP/TTV ratio, we notice that based on market capitalization (circulating supply), Pyth is undervalued whereas the TVS ratio based on fully diluted value paints a different picture. This is because only 37% of PYTH tokens are unlocked, the next significant PYTH token unlock takes place in May of 2025 and happens yearly thereafter on the same date until the full amount of tokens has been unlocked by 2027.

Use-cases Enabled by Pyth

Products and Services:

  • Price Feeds: real-time market data for smart contracts, blockchains, and applications
  • Benchmarks: historical market data for smart contracts, blockchains, and applications
  • Express Relay: smart contracts or protocols that need protection against MEV (Express Relay) Express Relay is one of a kind product that offers developers to auction off valuable transactions directly to MEV searchers without validator interference
  • Entropy: smart contracts that require secure on-chain random numbers. Secure and verifiable random numbers are incredibly important for creating a fair and unpredictable on-chain actions (e.g., for games)
  • Pyth DAO Governance model

Examples:

  • Decentralised Exchanges (DEXs) require reliable real-time price feeds to provide users accurate trades.
  • Pyth’s data pull model provides data directly from the source, such as exchanges, market makers or DeFi protocols. Because data is pulled only on demand and not pushed at a given interval, it scales efficiently, and costs are offloaded to users where updates are demand-based.

Case Study: Drift (DEX)

Refresher: What is a DEX?

Decentralized Exchange (DEX) allows users to trade cryptocurrencies directly, without intermediaries, using smart contracts on a blockchain. DEXes operate peer-to-peer, providing greater privacy and control over assets compared to centralized exchanges.

There are two main types of DEXes:

  1. Order Book DEXes: These platforms match buy and sell orders using a live order book, similar to traditional exchanges. Examples include dYdX.
  2. Automated Market Makers (AMMs): AMMs use liquidity pools and algorithms to determine asset prices, allowing users to trade instantly without needing a counterparty. Examples include Uniswap and SushiSwap.

Context

Drift is a perpetual trading DEX built on Solana. Speed, reliability, and performance make or break a perpetual trading ecosystem. Drift is a perpetual trading platform that allows traders to create leveraged positions against the performance of synthetic assets.

Why Pyth?

Drift seeks to offer the most feature-rich, powerful perpetual DEX with lightning-fast execution. This ambition necessitates a robust Oracle solution. Legacy oracles are slow and susceptible to front and back running.

Pyth and Drift partnered to rapidly deploy a proof-of-concept. This successful relationship satisfies the ultra-fast network requirements of Drift’s execution tools and is capable of supporting thousands of users and hundreds of assets.

This is only one of many examples of an effective partnership and integration that gives Web3 users an enhanced user experience than DApps that use other Oracle solutions. There are presently over 410 integration partners supporting the transition from push to pull Oracles with Pyth Networks.

Pyth versus Chainlink

We compare Chainlink and Pyth Network with two main metrics: Total Value Secured (TVS) and Total Transaction Volume (TTV)

Total Value Secured

Pyth’s Total Value Secured (TVS) is more distributed across different blockchains and applications compared to Chainlink, offering greater resilience and diversification. Here's how the comparison breaks down:

  • Blockchain Distribution: Pyth’s TVS shows a broader spread across multiple blockchains. For instance, only 61.1% of Pyth’s TVS is concentrated on the Solana blockchain, which means the remaining value is distributed across other blockchains, contributing to its decentralized footprint. In contrast, 97.1% of Chainlink’s TVS is concentrated on Ethereum, creating a higher dependence on a single blockchain. This heavy reliance on Ethereum makes Chainlink more vulnerable to network-specific issues, such as scalability concerns or market downturns affecting Ethereum.
  • Application Distribution: Pyth also demonstrates a healthier diversification across different applications. Only 23.8% of Pyth’s TVS is tied to its top application, meaning the remaining value is distributed among various other applications. This broader application spread lowers the risk of one dominant app affecting the network’s overall performance. Chainlink, however, has 48.8% of its TVS tied to its top application, meaning nearly half of its secured value relies on a single application. This concentration creates a potential single point of failure, making Chainlink more sensitive to shifts in the usage or success of that key application.

Pyth's more balanced distribution of TVS across different blockchains and applications enhances its resilience. With a healthier spread of its value, Pyth is better positioned to withstand market fluctuations or downturns that may affect individual blockchains or applications, making it less exposed to risks associated with dependency on any single network or product. This diversified approach gives Pyth a structural advantage in terms of long-term stability and adaptability.

Total Transaction Volume

Another, perhaps better, metric to measure the true market share and usage of an Oracle network is TTV (Total Transaction Volume). TTV is strongly correlated with the frequency of oracle price updates and therefore oracle revenue and true demand for its products and services. TVS can overstate or understate an application’s demand for price updates, because an application could have a disproportionate amount of locked value relative to the amount of Oracle interactions one would expect to observe.

Chainlink, the traditional market leader of oracle networks, is losing ground after being slow to serve customers needing faster data updates, though they've recently launched a new high-speed service. Pyth has become a successful competitor by focusing on rapid data delivery across multiple platforms, making it easier for financial applications to access real-time price information. Large trading platforms are increasingly building their own internal price tracking systems rather than paying external providers, suggesting cost is a major factor in their decisions.

The key to future success in digital trading will be speed - traditional exchanges currently have an advantage with their centralized systems, but new platforms are starting to close this gap by developing faster price update capabilities.

Pyth Network Governance

The Pyth Network operates a decentralized governance system that empowers the community by allowing all PYTH token holders to have a direct say in the network's development and decision-making processes. This decentralized governance model ensures that control of the network is distributed among its users, promoting transparency and inclusion.

To participate in governance, token holders must stake their PYTH tokens through the Pyth staking program. By staking their tokens, users gain the ability to vote on community governance proposals, ensuring that they have a voice in the key decisions shaping the future of the Pyth Network.

In addition to voting, any PYTH token holder has the right to submit proposals to the Pyth DAO, provided they meet the requirement of holding and staking at least 0.25% of the total PYTH tokens staked. The proposals that can be brought to the DAO are diverse and impact many critical aspects of the network's functionality, including:

  • Determining the size of update fees: Proposals can influence the fees charged for updates to the network, ensuring that they remain fair and competitive.
  • Reward distribution mechanisms for publishers: The community can vote on how rewards are allocated to data publishers, ensuring that those contributing accurate and reliable data are fairly compensated.
  • Approving software updates across blockchains: The Pyth Network operates across multiple blockchains, and governance participants have the power to approve essential updates to on-chain programs, ensuring the network remains up to date and secure.
  • Listing price feeds and determining their reference data: Token holders can vote on which price feeds are listed on Pyth, as well as set the technical parameters for these feeds, such as the number of decimal places in the prices and the reference exchanges used to determine the data.
  • Selecting data publishers: The governance system allows the community to permission publishers, or select which entities are allowed to provide data for each price feed. This ensures that only trusted and verified data sources are contributing to the network.

Conclusion

The Pyth Network stands out as a disruptive force in the decentralized oracle space, rapidly growing across protocols and blockchains and setting new standards for both data speed and diversification. Leveraging Solana technology, Pyth brings high-frequency, real-time market data directly from first-party sources—including exchanges and trading firms—to an expanding universe of DeFi and TradFi applications. Compared to its primary competitors, Pyth demonstrates healthier resilience by distributing its Total Value Secured across multiple blockchains and applications, reducing dependencies and systemic risk.

Recent market trends show Pyth gaining ground in metrics like Total Transaction Volume, challenging traditional leaders like Chainlink and reflecting a broader shift toward fast, reliable, and diversified data solutions in decentralized finance. Its innovative approach—such as direct publisher sourcing, sub-second updates, and auditable aggregation—addresses the needs of financial markets with unique precision and transparency.

Ultimately, for developers, institutions, and investors seeking reliable off-chain data with speed and global reach, Pyth Network is quickly becoming a cornerstone oracle solution—and its trajectory signals a new era of dynamic, decentralized connectivity for global finance.

 

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Understanding the Crypto Alt Season

The next altcoin season is poised to ignite the crypto market, promising to turn savvy investors' portfolios into goldmines. As Bitcoin's dominance wanes, a new era of blockchain innovation is dawning—are you ready to ride the wave?

Market behavior often exhibits distinct patterns and cycles. One such phenomenon that has captured the attention of traders and investors alike is the "Alt Season"—a period when alternative cryptocurrencies, or "altcoins," outperform Bitcoin and experience significant price surges.

The concept of market cycles and seasonality is not unique to crypto; it's a well-established principle in traditional financial markets. However, in volatile crypto space, these cycles can be more pronounced and occur with greater frequency.  

In this article, we’ll try to cover these and other topics: 

  1. The nature and characteristics of Alt Seasons
  2. The importance of recognizing market cycles in cryptocurrency trading
  3. Alt Season indicators and how to interpret them
  4. Predictions and speculatins about the next potential Alt Season

What Is Crypto Alt Season?

Crypto Alt Season, short for "Alternative Cryptocurrency Season," refers to a period in the cryptocurrency market when alternative cryptocurrencies (altcoins) significantly outperform Bitcoin in terms of price appreciation. During an Alt Season:

  1. Many altcoins experience rapid price increases.
  2. The market share of altcoins grows relative to Bitcoin.
  3. Trading volume for altcoins typically increases.
  4. Investor attention shifts from Bitcoin to various altcoin projects.

An Alt Season can last anywhere from a few weeks to several months. It's often characterized by increased risk appetite among investors, who are willing to allocate more capital to smaller, potentially higher-risk crypto projects in search of higher returns.

Is Crypto Season the Same As Crypto Alt Season?

While related, Crypto Season and Crypto Alt Season are not exactly the same:

  1. Crypto Season:
    • Refers to a broader bullish period in the entire cryptocurrency market.
    • Typically includes price appreciation for both Bitcoin and altcoins.
    • Can be longer in duration, sometimes lasting for many months or even a year or more.
    • Often starts with a Bitcoin rally, followed by increased interest in the broader crypto market.
  2. Crypto Alt Season:
    • Specifically focuses on the outperformance of altcoins compared to Bitcoin.
    • Can occur within a broader Crypto Season but is more narrowly defined.
    • Generally shorter in duration than a full Crypto Season.
    • May happen towards the latter part of a broader Crypto Season, as investors seek higher returns in smaller cap coins.

Key Differences:

  • Scope: Crypto Season encompasses the entire market, while Alt Season focuses on altcoins.
  • Duration: Crypto Seasons are generally longer than Alt Seasons.
  • Market Dynamics: In a Crypto Season, Bitcoin often leads the rally, while in an Alt Season, altcoins outperform Bitcoin.

It's important to note that these terms are not officially defined and can be subject to different interpretations within the cryptocurrency community. However, understanding the distinction can help investors and traders better analyze market trends and potential opportunities in different segments of the crypto market.

What Is Alt Season Indicator?

The Alt Season Indicator is a tool used by cryptocurrency traders and investors to gauge whether the market is entering or currently in an "Alt Season" — a period when altcoins are outperforming Bitcoin. While there isn't a single, universally accepted Alt Season Indicator, several metrics and tools are commonly used to assess the likelihood of an Alt Season. Here are some key aspects of Alt Season Indicators:

Bitcoin Dominance

One of the most widely used indicators is Bitcoin Dominance, which measures Bitcoin's market capitalization as a percentage of the total cryptocurrency market cap.

  • Calculation: (Bitcoin Market Cap / Total Crypto Market Cap) * 100
  • Interpretation: A declining Bitcoin Dominance often signals a potential Alt Season, as it indicates that capital is flowing from Bitcoin into altcoins.
  • Threshold: Some traders consider Bitcoin Dominance below 50% as a potential indicator of an Alt Season.

Altcoin Market Cap Ratio

This indicator compares the total market capitalization of altcoins to Bitcoin's market cap.

  • Calculation: Total Altcoin Market Cap / Bitcoin Market Cap
  • Interpretation: An increasing ratio suggests growing strength in the altcoin market relative to Bitcoin.

Top 10 Altcoins Performance

This indicator tracks the performance of the top 10 altcoins by market cap (excluding Bitcoin) compared to Bitcoin over a specific period.

  • Calculation: Average percentage gain of top 10 altcoins vs. Bitcoin's percentage gain
  • Interpretation: When a majority of top altcoins consistently outperform Bitcoin, it may indicate an Alt Season.

Alt Season Index

Some crypto data platforms offer a proprietary Alt Season Index, which combines various metrics to provide a single score indicating the likelihood of an Alt Season.

  • Scale: Often presented as a percentage or a 0-100 score
  • Interpretation: Higher scores (e.g., above 75%) suggest a higher probability of an ongoing Alt Season

Trading Volume Ratios

This indicator compares the trading volumes of altcoins to Bitcoin's trading volume.

  • Calculation: Total Altcoin Trading Volume / Bitcoin Trading Volume
  • Interpretation: An increase in this ratio may indicate growing interest in altcoins, potentially signaling an Alt Season.

Important Considerations:

  1. No single indicator is foolproof. Traders often use a combination of indicators for a more comprehensive analysis.
  2. Market conditions can change rapidly, and past patterns don't guarantee future results.
  3. Different traders may use different thresholds or interpretations of these indicators.
  4. The crypto market's evolving nature means that indicators may need to be adjusted over time to remain relevant.

Understanding and effectively using Alt Season Indicators can help traders and investors make more informed decisions about allocating their resources between Bitcoin and altcoins. However, it's crucial to combine these indicators with broader market analysis and risk management strategies.

Alt Seasons: Historical Perspective, Current Situation, and Future Predictions

Previous Altcoin Seasons

In crypto, two periods stand out as particularly significant for altcoins. These "alt seasons" saw unprecedented growth and interest in cryptocurrencies beyond Bitcoin, reshaping the landscape of digital assets.

The 2017-2018 Alt Season

Duration: December 2017 to January 2018

Context:

  • Bitcoin (BTC) experienced its most remarkable bull run to date, reaching nearly $20,000 in December 2017.
  • This surge in Bitcoin's price and public interest created a ripple effect throughout the crypto market.

Key Developments:

  1. Proliferation of New Coins: The success of Bitcoin catalyzed the launch of numerous new cryptocurrencies.
  2. Investor Frenzy: Buoyed by Bitcoin's success, investors eagerly sought the "next Bitcoin," pouring capital into various altcoins.
  3. ICO Boom: This period saw a surge in Initial Coin Offerings (ICOs), with many projects raising millions in a matter of hours or days.
  4. Market Expansion: The total cryptocurrency market cap reached unprecedented levels, briefly surpassing $800 billion in January 2018.

Notable Altcoins: Ethereum (ETH), Ripple (XRP), and Litecoin (LTC) saw significant price increases during this period.

The 2020-2021 Alt Season

Duration: December 2020 to April 2021

Context:

  • Bitcoin broke its previous all-time high, surpassing $60,000 in March 2021.
  • The COVID-19 pandemic had accelerated digital adoption and increased interest in alternative investments.

Key Developments:

  1. DeFi Explosion: Decentralized Finance (DeFi) projects gained massive traction, with many tokens seeing exponential growth.
  2. NFT Boom: Non-Fungible Tokens (NFTs) entered the mainstream, driving interest in blockchain-based digital assets.
  3. Institutional Adoption: Major companies and institutional investors began adding cryptocurrencies to their balance sheets.
  4. Technological Advancements: Many altcoins introduced innovative features, scaling solutions, and use cases.

Notable Altcoins: Ethereum (ETH) reached new highs, while projects like Binance Coin (BNB), Cardano (ADA), and Polkadot (DOT) saw remarkable growth.

Comparative Analysis: Both alt seasons shared some common characteristics:

  • They were preceded by significant Bitcoin price rallies.
  • New projects and tokens gained rapid popularity and valuation.
  • Retail investor participation increased dramatically.
  • The overall cryptocurrency market capitalization reached new heights.

However, the 2020-2021 alt season was marked by greater institutional involvement and a broader range of technological innovations, particularly in DeFi and NFTs.

Is It Alt Season?

Based on the indicators discussed above, it's not currently an altcoin season. The Altcoin Season Index at 41 and Bitcoin's market dominance at 61.3% both suggest that Bitcoin is still the dominant force in the crypto market at this time.

When Is Alt Season?

Based on the information we could gather from various experts, we can analyze the predictions for the next altcoin season as follows:

  • Based on the latest analysis from experts and on-chain data, here’s what we know about the next altcoin season:

     

    Current Status (August 2025):

     

    • The altcoin season index—a metric that signals how many altcoins outperform Bitcoin—currently sits around 37. For a “full-blown” alt season, it typically needs to rise above 75.

    • Bitcoin dominance is approximately 61-62%. Historically, dropping below 60% often coincides with a rapid rotation into altcoins and the start of alt season.

     

    Key Indicators to Watch:

     

    • Altcoin Season Index (ASI): Above 75 signals a true altcoin season.

    • Bitcoin Dominance: A move below 60% usually marks the transition; sub-50% dominance is associated with peak alt season inflows.

    • Market Activity: Increasing volumes in major altcoins and Layer 1s, meme coin rallies, and spikes in DeFi activity are early warning signs.

    • Ethereum Outperformance: When ETH surges relative to BTC, this historically precedes broader altcoin rallies.

     

    Expert Predictions for 2025:

     

    • Analysts point to a pivotal window for alt season starting as early as August 2025 and extending through the fall, with many expecting true acceleration of altcoin gains if Bitcoin’s price consolidates and capital rotates further into alts.

    • There is strong consensus that macroeconomic catalysts, such as potential U.S. interest rate cuts and ongoing Bitcoin ETF momentum, could fuel a major altcoin rally in late 2025 if positive conditions persist.

    Summary Table: Key Factors & Targets

    SignalAlt Season TriggerStatus (Aug 2025)
    Altcoin Season Index (ASI)>75 ~37
    Bitcoin dominance<60% ~61–62% (near trigger)
    Altcoin trading volumeSustained surge across many alts Rising, but not explosive
    Ethereum outperformanceETH/ BTC breakout, >$3,700 Near, ETH ~$3,500
    Market narrativesAI, DeFi, meme coins, new L1 inflows Strengthening
     

    Bottom Line:
    Most analysts agree the groundwork for altcoin season in 2025 is building. We are currently in a transition phase: if Bitcoin dominance continues to fall and the Altcoin Season Index rises above 75, a full-fledged alt season could ignite during the second half of 2025. Monitor these key indicators to stay ahead as market momentum shifts from Bitcoin into a broader range of altltcoins.

Key Factors to Consider

  • Technology: Look for coins with innovative solutions to existing blockchain challenges.
  • Adoption: Consider projects with growing partnerships and real-world use cases.
  • Market Position: Established coins with room for growth may offer a balance of stability and potential returns.
  • Tokenomics: Understanding supply dynamics can help predict potential price movements.

It's crucial to conduct thorough research before investing. The cryptocurrency market is highly volatile, and past performance doesn't guarantee future results. Always invest responsibly and within your risk tolerance.

How to Win in Next Alt Season?

Capitalizing on the next altcoin season requires a strategic approach. Here's how to maximize potential gains:

  • Research and Diversification: Thoroughly research potential investments, analyzing both fundamentals and technical aspects to identify promising altcoins. Diversify your holdings across different projects to mitigate risk and maximize potential returns. Don't put all your eggs in one basket.
  • Strategic Timing: Utilize technical analysis tools like support/resistance levels and RSI to pinpoint optimal entry and exit points. Monitor market sentiment and price trends to make informed decisions. A clear entry and exit strategy is crucial for managing risk and maximizing profits during volatile periods.
  • Newer Projects: Consider participating in newer altcoin projects. This provides early access to potentially high-growth projects at discounted prices. Research upcoming defi projects with use cases, focusing on innovative projects with strong potential. Investing early can yield substantial returns as the project develops.

Conclusion

In summary, an altcoin season, marked by significant price increases in non-Bitcoin cryptocurrencies, may be on the horizon.  This potential surge could be driven by investors seeking higher returns in smaller-cap cryptocurrencies, technological advancements in altcoin projects, increased blockchain adoption, and the transition of projects from speculative ventures to real-world applications

Remember, while the potential for significant gains exists during an altcoin season, the cryptocurrency market remains highly volatile. Always invest responsibly.

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