What's the Overseas Crypto Community Talking About Today
Publication Date: December 11, 2025
Author: BlockBeats Editorial Team
Over the past 24 hours, the crypto market has witnessed various dynamics ranging from macroeconomic discussions to specific ecosystem developments. The mainstream discussion has focused on the long-term moat of Web3 projects and the value of token buybacks, sparking intense debates among industry leaders. Additionally, the expression of "no regrets in the crypto world" has resonated widely. In terms of ecosystem development, public chains such as Solana, Ethereum, Hyperliquid, and emerging projects like MegaETH have all released significant updates, showcasing the industry's rapid innovation and expansion pace. This report will summarize and outline these key developments.
1. Mainstream Topics
1. The "Moat" of Web3 Projects and Value Capture Debate
Recently, the discussion on whether Web3 projects, especially public chains, truly have a "moat" has become increasingly intense. Haseeb Qureshi, a partner at Dragonfly, questioned the "Blockchain Moat Score is only 3/10," citing Ethereum as an example. He pointed out that Ethereum has faced hundreds of competitors over the past decade and still maintained its dominant position, which itself demonstrates its strong network effect and first-mover advantage.
In contrast, Qiao Wang, co-founder of Alliance DAO, took a more comparative approach from traditional business analysis and provided a moat ranking. He believes that companies like Microsoft (key task SaaS) and Apple (brand + developer ecosystem) possess top-tier moats at 10/10, while firms like Google and Amazon also have strong competitive barriers. Although he did not directly score blockchain projects, his framework implies a cautious view of the current Web3 projects' value-capture capabilities. This debate reflects the market's core divergence on how to evaluate the long-term value of decentralized networks.

2. Eight Years in the Crypto Industry: "No Regrets" Becomes a Community Anthem
Nic Carter, co-founder of Castle Island Ventures, took to social media to express that he "has no regrets" about dedicating eight years to the crypto industry. This statement quickly resonated widely within the community. After experiencing multiple bull and bear cycles and intense market fluctuations, this expression of persistence and belief not only affirms individual career choices but also reflects the steadfast faith of many long-term practitioners in the transformative potential of cryptocurrency and blockchain technology to change the world.
2. Mainstream Ecosystem Updates
1. Solana: Meteora Protocol Receives Major Upgrade
The liquidity infrastructure protocol of the Solana ecosystem, Meteora, has announced a significant upgrade. Key highlights of this upgrade include the introduction of "Auto Vaults" and improvements to the dynamic AMM v2 (DAMM v2). These new features are expected to provide liquidity providers (LPs) with enhanced yield strategies and more flexible fund management tools, solidifying Meteora's position as a core DeFi hub on Solana.
2. Ethereum: Parallel Advances in Technical Innovation and Ecosystem Expansion
Aave Expands into the Latin American Market: DeFi lending giant Aave has announced partnerships with several leading fintech companies in Argentina, including Lemon, Ripio, Buenbit, and Belo, to collectively provide stablecoin-based DeFi solutions in the Latin American region. This move signifies an important step in Aave's global financial inclusion strategy, aiming to bring decentralized financial services to billions of emerging market users.
Continued Momentum in the RWA Space: Projects like Ondo Finance and Superstate remain in the market spotlight. Ondo, as a leading platform for RWA (Real World Asset) tokenization, saw its native token rise after the SEC concluded a related investigation. Meanwhile, Superstate, founded by Aave's Robert Leshner, focuses on on-chain issuance and trading of traditional financial assets such as stocks, further driving the integration of DeFi with traditional finance.
3. Hyperliquid Ecosystem: HIP-3 Sparks Deep Discussion
The governance proposal HIP-3 from the decentralized derivatives exchange Hyperliquid has become a focal point of community discussion. This proposal aims to establish a more open and permissionless mechanism for creating perpetual contract markets. In response, ether.fi Ventures published a research report that delves into the potential business model and ecosystem impact of HIP-3. Furthermore, Paradigm researcher Dan Robinson participated in related discussions, engaging in debates with other industry experts about the pros and cons of this mechanism, showcasing the market's high interest in the future development path of decentralized derivatives protocols.
4. MegaETH Ecosystem: Aave Announces First Wave of Deployment
As the highly anticipated high-performance Ethereum L2 solution, the MegaETH ecosystem welcomes a key partner. The Aave community has put forward a proposal suggesting the synchronized deployment of the Aave V3 protocol upon the MegaETH mainnet launch. This deployment will support a variety of assets, including native stablecoin USDm, cUSD, and stcUSD. This collaboration not only injects significant liquidity and user base into MegaETH's bootstrapping but also signals Aave protocol's proactive stance on emerging high-performance public chains in its multi-chain deployment strategy.
You may also like

Kyle Samani's Exit Scam, Is There More to the Story?

February 10th Market Key Intelligence, How Much Did You Miss?

Tokenomics New Paradigm? When Backpack Starts Enabling VCs to "Deferred Gratification"

BankrCoin Achieves New Milestones as YZi Labs and ETH Investors Make Significant Moves
Key Takeaways BankrCoin (BNKR) hit a new all-time high with significant market activity. YZi Labs executed a major…

Bitcoin Tests $75K Amid Market Predictions
Key Takeaways Bitcoin shows a 47% chance to test the $75,000 mark this February, contrasting with a potential…

MrBeast Acquires Step to Enhance Financial Offerings for Youth
Key Takeaways YouTube star MrBeast has acquired the financial services platform Step through Beast Industries. The acquisition aims…

Polymarket Predicts Bitcoin Uptrend as MrBeast Ventures into Fintech
Key Takeaways Bitcoin’s Potential Surge: Polymarket denotes a fluctuating probability of Bitcoin achieving $75,000 in February, reflecting volatile…

MrBeast Enters Financial Services with Step Acquisition
Key Takeaways Binance announced an Alpha Airdrop event, highlighting the growing trend of gamified airdrops. Bitcoin prediction markets…

Analysts Predict Bitcoin May Fall to $55K as Support Levels Threaten
Key Takeaways Analysts suggest a potential drop of Bitcoin to $55K if current support levels are breached. Galaxy…

Analysts Predict Bitcoin May Drop to $55K Amid Support Challenges
Key Takeaways Experts caution that Bitcoin could fall to $55,000 if current support levels are breached. The market…

Bitcoin May Decline to $55K: Analysts Warn
Key Takeaways Analysts project Bitcoin could drop to $55,000 if key support levels fail. Technical analysts forecast that…

YZI Labs Transfers Massive ID Tokens to Binance as BNKR Hits New High
Key Takeaways BNKR, a digital currency, has achieved its highest-priced milestone of $0.295 CAD as of January 26,…

MrBeast Acquires Step, Expanding Influence in Teen Finance Market
Key Takeaways MrBeast has acquired the financial services app Step, which caters specifically to Gen Z users. Step…

Analysts Predict Bitcoin’s Critical Support Level May Trigger Decline
Key Takeaways Experts indicate a crucial moment for Bitcoin, with potential price drop to $55,000 if support fails.…

Michael Saylor Faces Bitcoin Valuation Challenges: Impact on the Crypto Market
Key Takeaways Michael Saylor’s Bitcoin investment is currently valued at $55 billion, but recent market trends have seen…

MrBeast Acquires Step FinTech App in Strategic Move
Key Takeaways MrBeast’s company, Beast Industries, has announced the acquisition of Step, a fintech app focused on Gen…

Bitcoin’s Potential Surge Sparks Debate Among Investors
Key Takeaways The probability that Bitcoin will reach $75,000 in February fluctuates as predicted by Polymarket. Bitcoin recently…

Analysts Predict Bitcoin’s Potential Plunge to $55K
Key Takeaways Analysts warn of a possible drop to $55K if Bitcoin’s current support breaks. 10X Research and…
Kyle Samani's Exit Scam, Is There More to the Story?
February 10th Market Key Intelligence, How Much Did You Miss?
Tokenomics New Paradigm? When Backpack Starts Enabling VCs to "Deferred Gratification"
BankrCoin Achieves New Milestones as YZi Labs and ETH Investors Make Significant Moves
Key Takeaways BankrCoin (BNKR) hit a new all-time high with significant market activity. YZi Labs executed a major…
Bitcoin Tests $75K Amid Market Predictions
Key Takeaways Bitcoin shows a 47% chance to test the $75,000 mark this February, contrasting with a potential…
MrBeast Acquires Step to Enhance Financial Offerings for Youth
Key Takeaways YouTube star MrBeast has acquired the financial services platform Step through Beast Industries. The acquisition aims…