TheDinarian
News • Business • Investing & Finance
MetaMask's UI/UX Overhaul and Multichain Expansion
Reimagining self custody
February 28, 2025
post photo preview
What's behind the fox? It's you. It always has been, and now it will be more than ever.” 
For over 8 years and millions of users annually, MetaMask has been the gateway to crypto self-custody, empowering people to control their own assets, build freely, and engage with web3 on their terms: in short, to have agency in their digital lives. The future of web3 depends on self-custody: for it to become the default choice for users, we need to make wallets more intuitive, connected, powerful, and safe.
Today, we’d like to share our near-term product roadmap: guided by our vision for how crypto wallets can evolve to support mainstream adoption by offering services that are better than a bank, and how MetaMask is transforming to be capable of playing a central role in a user’s financial life.

MetaMask, then and now

MetaMask was founded in 2016 supporting just a single chain: Ethereum. As the first browser-extension based wallet, we established many of the patterns that define web3 interactions today: an API for websites to propose Ethereum interactions to the user. A connection to a trusted blockchain source (Infura) so new users didn’t have to sync the entire chain. We soon added the ability for users to add their own custom network RPCs, custom tokens, and eventually even a plugin system called Snaps, all in the spirit of ensuring users can interact with any decentralized protocols they want… a spirit that remains to this day. 
We’ve come a long way since then: with millions of users annually, mainstream adoption seemingly within grasp, an improving regulatory environment, and key technology unlocks on the horizon with Pectra—there is reason to be optimistic. 
And we’re still really early.
But there are also challenges. We need to make web3 more usable, intuitive, and useful for everyone from power users to newcomers to crypto. The use cases are still limited. The number of networks is growing, and navigating them is complicated. Most importantly: we need to make wallets more powerful while also making them more secure.
To address these challenges, we’d like to share our near-term roadmap and some recent updates that have three primary goals:
  1. Improve the user experience: make it easy
  2. Connect everything, everywhere: make it seamless
  3. Make wallets much more powerful and safe: make it good

Improving wallet and ecosystem UX

The foundation of our approach to the design of MetaMask is in balancing maximizing security while granting radical empowerment. While that has resulted in the most popular and secure wallet in web3, the user experience is still behind where we want it. We think we’re on the verge of unlocking some major improvements that will feel obvious in hindsight. We’re going to achieve this by making transactions smarter and simplerabstracting away networks and gas, and by improving the core wallet experience.

Smarter and simpler transactions

At the heart of a crypto wallet’s experience is transactions. Traditional cryptography just had you signing and encrypting, which is a trivial operation that doesn’t require user review. In Ethereum, a signature can mean anything, from a vote to giving away your life savings, so the interpretability and performance of those transactions is critical to the product’s effectiveness. Also, the transaction is only valid once processed by a public network, which happens to have all sorts of adversaries in its “dark forest” who would be happy to play against you.
We introduced Smart Transactions in 2024. Enabled by default for new installs, Smart Transactions vastly improve the experience of swapping and transacting. Working behind the scenes to solve some technical limitations of a public mempool, Smart Transactions have resulted in an overall transaction success rate of 99.995%, including for Swaps (a type of transaction that has the worst reliability): this is 400x better than you might get on mainnet without Smart Transactions enabled. It’s 7000x more reliable than what’s typical for a user on Solana.
MetaMask smart transactions: 99.995% transaction success rate
 
Smart Transactions also provide protection against front-running bots and MEV sandwich attacks: in July of 2024, $11 million in value was siphoned off of user transactions on mainnet. But among the millions of MetaMask users, that value was $5. You’re 400 times less likely to be affected by these bots when using MetaMask Swaps.
To make transactions simpler, we’re introducing ERC-5792 batched transactions, so users can perform common sequences of transactions like “Approve & Swap” in one click, saving them time, gas cost, and mental effort.

Goodbye, gas

Gas plays an important role in web3, but it’s another barrier for every user interaction. Users don’t want to think about another game mechanic every time they make an action, and often users don’t have ether to pay for gas: on mainnet, this interrupts ~25% of transactions. Having to hold a balance of a network token in every account you use is a complication that hinders onboarding. We have several features–launched and coming soon–that help make gas increasingly disappear to users.
MetaMask gas-included swaps
 
First, we introduced gas-included Swaps, so users can swap two tokens without having to possess ETH in their account: the gas is included in their swap quote and is paid in the token they’re swapping.
Soon—in March—we’ll generalize this to all transactions, so to interact with dapps or send tokens, you can pay gas in whatever token you hold.
Longer term, we believe we can eliminate gas as a user-facing concern in nearly all interactions. (We’ll get to that!)

Abstracting networks

Our ecosystem has grown far beyond Ethereum mainnet, and new networks and communities are growing daily. The UX patterns that worked for a world with a single chain are insufficient in a rich, multichain world. To address this, we have a number of features live and upcoming that abstract networks and make the user experience seamless.
One old pain has been requiring users to switch networks when interacting with sites that connect to different networks. We eased this pain by allowing sites to suggest the network switch, and I’m relieved to say we finally have gotten rid of even this user friction.

Bonus features

In March, we’ll be adding support for multiple SRPs (Secret Recovery Phrases) in the wallet for the users who want to manage several distinct wallets without needing separate instances of MetaMask.
We’re also adding Profile Sync, so users can easily switch between browsers and devices and keep all their account names and settings the same. This will be available in extension in April, and mobile in May.

Improving the core wallet experience

Alongside the core refactors required to enable multiple network connections, we’re rolling out a set of UI changes that reimagine the wallet for a many-chain world. Our redesigned home screen can show a user all their assets across many networks on each account screen, greatly simplifying navigating many chains.
MetaMask homescreen
 
These same patterns apply to and enhance the experience of Snaps, our plugin system, so any blockchains you add via Snaps will be integrated as intuitively and seamlessly across MetaMask.
These changes will include an updated trading view, giving users more sophisticated charting tools.
These changes will be rolling out over the next month.

Connecting everything, everywhere

In 2024, MetaMask users connected to over 850 networks. Up to now, MetaMask has primarily supported EVM networks with non-EVM connectivity provided via third party Snaps. 

The power of Snaps

Snaps allow for the permissionless addition of new networks and currencies. But there hasn’t been tight enough integration between our Snaps platform and our core wallet experience. So, we rebuilt the UI integration into the new multi-network home screen to permit much tighter native-like experiences. 
To prove it out, we’re going to launch a couple networks to showcase how powerful this new system is, which will come built-in to MetaMask and feel just like any other natively supported network. 
Bitcoin on MetaMask and Solana on MetaMask
 
 

Hello, Bitcoin

Full bitcoin support is coming in Q3 this year: so users won’t need a separate wallet, or wrapped tokens, to hold bitcoin.

Here comes Solana

Coming sooner in May, we’re adding native Solana support to MetaMask, the first non-EVM chain supported out of the box. All MetaMask users will be able to buy, sell, swap, and interact with dapps across the entire Solana ecosystem. Existing Solana users will get access to the same security, reliability and rich features of MetaMask, along with access to all the chains you use with MetaMask today.

Connect to everything all at once with Multichain API

Our CAIP-25 multichain API will let dapps connect to more than one network simultaneously, EVM and non-EVM alike: a user will be able to connect to Ethereum, Linea, Solana, and Bitcoin networks all at once. This improves all sorts of use cases that involve multiple networks like portfolio rebalancing, bridging, or deploying and managing tokens on multiple chains at once. Expect the multichain API to launch in June.

Bringing crypto IRL with MetaMask Card 

Crypto is all just numbers on a screen until you can use it. Traditional crypto offramps involve storing funds in a custodial exchange, transferring to a bank, and only then being able to spend those funds.
MetaMask Card: spend crypto IRL
 
MetaMask Card solves the key industry UX challenge surrounding how to bring crypto IRL. Leveraging Mastercard’s payment network, MetaMask Card connects your self-custody wallet with millions of vendors around the world. You can be earning staking rewards or yield on your favorite protocol with your favorite tokens and have those funds available to spend anywhere that Mastercard is accepted with just a tap. This is more than just a convenience, this is the last missing piece in the essential feature set for crypto: connection back to the real world. You can get it and use it.  The virtual card is available now in eligible countries and the physical Metal card will be available for select territories in April. 
 

More powerful and safe: self custody, reimagined

While we can improve wallet UX, and connect everything together, there is still a gap between where we want to go and where we are.
One hurdle we have to overcome comes from the EOA—the externally owned account—which forms the basis for how users have interacted with everything.
Up until now, the industry has been defined by programmable money. Tokens are smart contracts that provide a set of rules to everyone, but those rules are one-size-fits-all. That one token contract defines what that token can do, what permissions you can grant from it, and any additional functionality must be defined by a contract you deposit the token into, which becomes an opaque machine that users can only trust in terms defined by that token’s contract. The EOAs that people use to hold their funds are bare rails that can’t be programmed.
We think we can do better.
While the EOA and programmable money has taken us a long way, the next era of web3 will be shaped by programmable accounts. Smart-contract-based accounts allow us to solve a number of problems: allowing new powerful uses of the assets you hold, while simultaneously improving security. When the user defines their terms from their own programmable account, we greatly expand how the user expresses their agency in ways that are enforced by their own code. In essence, programmable accounts are how we can make the wallet more powerful and safe, and deliver our vision for a self-custody wallet that can serve as the center of a user’s financial life.
Programmable Accounts
 
 

Imagine a future

Meet Alice. The year is 2025. Alice holds her most valuable assets in a multisig wallet with some keys entirely offline, and used those keys to grant access to a $200 daily budget to a hot wallet that she uses every day, along with the ability to trade within the most popular tokens on the DEXes that ensure common price clearing, but without withdrawing more than the daily allowance from the account. This permission was easily reviewed and issued from offline signers, with no transaction fee or transaction processing latency.
From her hot account, Alice is able to set a limit order on a new DEX with an entirely readable confirmation which guarantees their offered price without needing to trust any external infrastructure to guess at or simulate the DEX’s behavior. Again, with no transaction fee or processing latency. Alice can then give a permission to an AI agent that will be able to trade on her behalf with the same token budget, in case it learns of a new token on social media that relates to her interests. Her funds are empowered by as many external agents as she can reliably trust, without needing to lock funds with them. Again, with no transaction fee or processing latency.
Alice is able to issue streaming token subscriptions, and spend directly from her preferred yield-bearing tokens anywhere Mastercard is accepted. The card issues her rewards, back to the same wallet, which are rebalanced according to her preferences automatically. Again, all of this with no transaction fees or processing latency.
A major hack begins draining user funds from one of the AI agents she’s subscribed to, but fortunately one of the security services that Alice’s wallet enabled by default was able to detect the first block of thefts, and revoke Alice’s permissions before she was affected, all while she slept soundly.
This is not a distant future vision: we’re building it.
MetaMask keynote smart accounts
 
 
EIP-7702 will ship in the Pectra hard fork—the upcoming upgrade to Ethereum. EIP-7702 will allow all EOAs to behave like smart accounts.
We authored ERC-7710 to define a standard interface for any smart account to grant arbitrary permissions: a critical interface enabling an open ecosystem of smart accounts and dapps that can request permissions from users. In the future, smart accounts that expose this interface could add privacy layers, compression schemes, or new ways of expressing users' intents, all while remaining compatible with sites that adopt this new connection standard.
We co-authored ERC-7715 to define an interface by which a website, app, or eventually anything might ask for a permission from your account. This can include any on-chain action, like token and NFT allowances, as well as streaming token subscriptions, and can support the wallet adding additional terms to the permission at approval time: an expiration time, an asset they expect to receive in exchange, or a security service that may revoke the terms. Granting these permissions requires no gas cost to grant, and are instant. They’re not needed onchain until they’re used. Sites can submit transactions on the user’s behalf; paid for from the granted permission.
MetaMask keynote: can a cold wallet be hot
 
 

How hot can cold be? Introducing MetaMask smart accounts

To realize all of the potential described above, we have built the MetaMask Delegation Framework. I like to call it the Gator (short for delegator). It allows us to grant open ended ERC-7710 permissions to other accounts, entirely offchain. We think it might be the most dynamic and powerful permission system you’ve ever used. In combination with the upgrades from Pectra, we can unlock these incredible new powers for all MetaMask accounts.
We’re building the Gator to allow MetaMask to receive ERC-7715 permissions requests, and let the user customize their approval with open-ended granularity. Thanks to EIP-7702, any MetaMask account will be able to grant the same permissions.
While permissions are great for reducing friction and enabling new use cases, we’ve also been exploring how we can use this account type to improve security. While a multisig is great for adding friction and review process to account actions, a multisig is only as safe as its actions are readable, so granting these account-defined permissions are a powerful way to ensure that multisig signers aren’t reliant on external simulation infrastructure to have confidence in what they’re signing.
Additionally, while multisigs are great at adding more layers of review, they can become cumbersome for approving smaller day to day operations that might be worth entrusting to a nimbler account. ERC-7710 delegations are a powerful tool for organizations to dynamically add new delegates that can perform arbitrary actions, which are always expressed in user-readable terms (even offline or from a hardware signer).
When used for a personal account, a user can keep one high-security account for the majority of their funds, but still grant the ability to spend funds, stake and un-stake, vote, and claim airdrops from a hot wallet, without risking losing more funds than they grant as a regular discretionary fund.
This paves the way for a web3 where every action is readable, and users aren’t forced to choose between the inconvenience and unreadability of hardware wallets and multisigs, or the convenience and usability of pure hot wallets. Through the Gator’s open ended permission system, users will be able to craft highly personalized policies that let them be nimble while staying safe.
Better UX that makes web3 easier to use, infinite connectivity inside crypto and out into the real world, and stronger account types that make wallets much safer and stronger—this is how we will make our vision for a next-generation wallet a reality.
MetaMask roadmap calling all builders
 
 

A call to builders

Pectra and programmable accounts represent a huge opportunity to innovate the next wave of web3. What’s possible now? Just a few ideas for the eager developer:
  • Subscription Payments: set up recurring payments for services, APIs, and digital goods.
  • Seamless dapp onboarding: let users interact with web3 before owning crypto: Invitations to onboard with just a click. Links can include referral fees, making a web3 referral economy transparent and simple, without the rug-promoting dynamics of bonding curves.
  • Permission-based interactions: give granular access to assets, contracts, and digital identities.
  • Revocation services: the most responsive, widely enabled revocations of permissions.
  • Overlapping permissions: give a number of independent entities access to the same assets inside a smart account. Don’t lock funds: Unlock them.
  • Delayed transactions: grant a DEX permission to buy a token at a future value (ie creating a limit order off chain) with strong readability and safety guarantees.
  • Decentralized AI Agents: securely delegate investment and financial decisions without ceding control or locking up funds.
And these are just a few ideas. It’s time to push the boundaries of what’s possible in the decentralized web, together. 

Link
community logo
Join the TheDinarian Community
To read more articles like this, sign up and join my community today
0
What else you may like…
Videos
Podcasts
Posts
Articles
Pay Attention Here...😉

These two crypto Ponzi schemes are about to collapse…

👉 Sharplink Gaming & Microstrategy

Source: @chooserich 🗣️

00:04:41
Introducing Arc, the home for stablecoin finance.

Arc is an open Layer-1 blockchain purpose-built to drive the next chapter of financial innovation powered by stablecoins.

Designed to provide an enterprise-grade foundation for payments, FX, and capital markets, Arc delivers the performance, reliability, and liquidity builders need to meet global financial demands.

Arc features:
✅ USDC as native gas
✅ Built-in FX engine
✅ Deterministic sub-second finality
✅ Opt-in privacy
✅ Full Circle platform integration

Open, composable, and EVM-compatible, Arc is designed to interoperate seamlessly with the broader multichain ecosystem.

As part of our mission to advance blockchain infrastructure, we're excited to welcome the Malachite team and IP from Informal Systems to Circle. Arc is built on Malachite’s high-performance consensus engine.

In line with our commitment to open-source development, the core software for Arc will be released under a permissive license, enabling the broader developer community to contribute, extend, and build ...

00:02:50
The Stellar Foundation: Trustless doesn’t mean trust-free.

This weekend at Friends with Benefits FEST, we explored how protocol design, engineering, and community work together to make “trustless” systems work — and why trust matters for blockchain adoption.

00:00:35
👉 Coinbase just launched an AI agent for Crypto Trading

Custom AI assistants that print money in your sleep? 🔜

The future of Crypto x AI is about to go crazy.

👉 Here’s what you need to know:

💠 'Based Agent' enables creation of custom AI agents
💠 Users set up personalized agents in < 3 minutes
💠 Equipped w/ crypto wallet and on-chain functions
💠 Capable of completing trades, swaps, and staking
💠 Integrates with Coinbase’s SDK, OpenAI, & Replit

👉 What this means for the future of Crypto:

1. Open Access: Democratized access to advanced trading
2. Automated Txns: Complex trades + streamlined on-chain activity
3. AI Dominance: Est ~80% of crypto 👉txns done by AI agents by 2025

🚨 I personally wouldn't bet against Brian Armstrong and Jesse Pollak.

👉 Coinbase just launched an AI agent for Crypto Trading

PYTH NETWORK IS FINALLY IN THE TOP 100

The universe confirms with an 888

❤️ the synchronicity ✨️

post photo preview
Can't keep up with all these 🚀

Mix it up 🥣

$MYX is the native token of @MYX_Finance, a 👉 Pyth pilled perpetual DEX, and its feed is now live across 100+ blockchains.

https://x.com/PythNetwork/status/1958892001346429006

Tokenized Gold XAUm is building on @SuiNetwork’s DeFi ecosystem at full speed, bringing 99.99% purity physical gold to fuel the next wave of #SuiDeFi

From the first-ever XAUm price #Oracle to DEXs, lending markets, and #AI vaults, XAUm is fueling #liquidity & #access on Sui from Day 1:

🔹 @SlushWallet (Wallet)
🔹 👉 @PythNetwork (XAUm Oracle)
🔹 @MMTFinance Momentum (DEX)
🔹 @Official_NODO (AI LP vaults)
🔹 @navi_protocol (Lending)
🔹 @AlphaLendSui (Lending)
🔹 @AlphaFiSUI (Lending vaults)

Next week, we will share more exciting insights on the incentive program with each partner. Follow us to learn more.

https://x.com/matrixdock/status/1958849330439495898

post photo preview
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.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Read full Article
post photo preview
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.

 

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

 

 

 

 

 

Read full Article
post photo preview
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.

Source

🙏 Donations Accepted 🙏

If you find value in my content, consider showing your support via:

💳 PayPal: 
1) Simply scan the QR code below 📲
2) or visit https://www.paypal.me/thedinarian

🔗 Crypto – Support via Coinbase Wallet to: [email protected]

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals