Boxmining v2

Author: Michael Gu

  • Bybit Exchange Review – Top Exchange Platform of 2025?

    Bybit Exchange Review – Top Exchange Platform of 2025?

    Bybit has established itself as the world’s second-largest cryptocurrency exchange by trading volume, serving over 60 million users globally. Founded in 2018, the platform specializes in crypto derivatives trading, offering Bitcoin perpetual futures, options, and leveraged trading. Traders can long or short digital assets, enabling them to profit from both rising and falling market conditions.

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    In this article, we’ll explore Bybit’s key features, derivatives trading mechanics, and security protocols to determine whether it remains a top choice for traders in 2025.

    Key Features

    Bybit has evolved into one of the largest cryptocurrency exchanges, offering a user-centric trading experience with cutting-edge features designed for both beginners and professional traders. Here are some of Bybit’s key features:

    1. Leveraged Trading

    Bybit continues to provide high-leverage trading options, allowing users to amplify their positions with up to 100x leverage on select derivatives contracts.

    2. Perpetual Futures Contracts

    The exchange specializes in perpetual futures contracts, which allow traders to speculate on cryptocurrency prices without an expiration date. Bybit offers deep liquidity, ensuring seamless order execution even during volatile market conditions.

    3. Advanced Trading Tools

    Bybit has introduced AI-powered trading analytics, automated trading bots, and customizable risk management features to enhance user experience. These tools help traders make informed decisions and optimize their strategies.

    4. Proof of Reserves & Security

    Security remains a top priority for Bybit. The platform now provides real-time proof of reserves, ensuring transparency and user fund protection. Additionally, Bybit employs multi-layer security protocols, including cold storage for assets, multi-factor authentication, and anti-phishing measures.

    5. Web3 & DeFi Integration

    Bybit has expanded its ecosystem to support Web3 applications, allowing users to access decentralized finance (DeFi) services, stake assets, and participate in on-chain governance directly from the exchange.

    6. Global Accessibility & Compliance

    Bybit has strengthened its regulatory compliance, securing licenses in multiple jurisdictions to ensure global accessibility while adhering to strict financial regulations.

    History of Bybit

    Bybit was founded in 2018 by Ben Zhou, an entrepreneur from Singapore, with the goal of creating a user-friendly cryptocurrency derivatives exchange. Initially headquartered in Singapore, Bybit quickly gained traction among traders due to its high-leverage trading options and advanced trading tools.

    Major Milestones

    • 2022 – Bybit relocated its headquarters to Dubai, United Arab Emirates, to align with the region’s growing crypto-friendly regulations.
    • 2023 – The exchange faced legal challenges when the FTX bankruptcy estate sued Bybit for nearly $1 billion, alleging preferential withdrawals during FTX’s collapse. Bybit settled the case in October 2024, paying $228 million.
    • 2025 – In February 2025, Bybit suffered the largest cryptocurrency exchange hack in history, losing $1.5 billion in Ethereum due to vulnerabilities in its multi-signature wallet system. The exchange replenished its reserves within 72 hours with emergency funding from Galaxy Digital, FalconX, and Wintermute2.

    Despite challenges, Bybit remains the second-largest cryptocurrency exchange globally, continuing to expand its Web3 ecosystem, enhance security measures, and refine its derivatives trading offerings

    What is Derivatives Trading?

    Crypto derivatives trading lets investors speculate on future prices of digital assets like Bitcoin and Ethereum—without owning them. Bybit offers perpetual contracts, futures, and options, allowing users to potentially profit from price movements in either direction.

    Why Trade Derivatives on Bybit?

    • Leverage Up to 100x
    • Hedging Strategies – Reduce losses from price volatility
    • Advanced Order Execution – Secure trades with price protection features

    Bybit’s Popularity in 2025

    Bybit has solidified its position as the world’s second-largest cryptocurrency exchange by trading volume, serving over 70 million registered users globally. The platform continues to attract traders due to its high liquidity, advanced trading tools, and strong security measures.

    Types of Derivatives Products on ByBit

    Bybit continues to be a leading crypto derivatives exchange, offering a diverse range of trading products designed for both retail and institutional traders. Here is a list of what derivatives products are available on Bybit in 2025:

    1. Perpetual Futures Contracts

    Bybit specializes in USDT-margined and inverse perpetual contracts, allowing traders to speculate on price movements without an expiration date. These contracts provide deep liquidity and up to 100x leverage, making them a preferred choice for active traders.

    2. Standard Futures Contracts

    Bybit offers quarterly and bi-quarterly futures contracts, which settle at a predetermined date. These contracts are ideal for traders looking for structured risk management and long-term market exposure.

    3. Options Trading

    Bybit has expanded its crypto options market, providing European-style options that allow traders to hedge risks or speculate on volatility. The platform supports BTC, ETH, and other major assets, with customizable strike prices and expiration dates.

    4. Inverse Perpetual Contracts

    Bybit recently introduced 15 new inverse perpetual contracts, enabling traders to use crypto as collateral instead of stablecoins. This feature is particularly useful for long-term holders who want to trade without converting assets.

    5. Copy Trading & AI-Powered Strategies

    Bybit now integrates AI-driven trading bots and copy trading features, allowing users to follow expert traders and automate strategies. This makes derivatives trading more accessible to beginners while enhancing efficiency for professionals.

    Bybit supported countries in 2025

    Bybit provides cryptocurrency trading services in over 160 countries, allowing users to buy, sell, and trade digital assets. However, due to regulatory restrictions, certain regions are excluded from accessing the platform.

    Bybit Supported Countries

    Bybit is available in major regions across Asia, Europe, Africa, and the Americas. Some of the key supported countries include:

    • Asia-Pacific: Japan, India, South Korea, Malaysia, Indonesia, Philippines, Thailand, Vietnam
    • Europe: Germany, France, Spain, Italy, Netherlands, Switzerland, Poland, Portugal
    • Middle East & Africa: United Arab Emirates, Saudi Arabia, South Africa, Egypt, Kenya
    • Americas: Brazil, Argentina, Mexico, Chile, Peru, Canada (limited services)

    Bybit Restricted or Banned Countries

    Bybit does not operate in the following locations:

    • United States, United Kingdom, Canada, France – Regulatory frameworks prevent Bybit from offering services.
    • China, Hong Kong, Singapore, Uzbekistan – Government-imposed restrictions limit crypto trading access.
    • Sanctioned Countries – North Korea, Cuba, Iran, Sudan, Syria, and Russian-controlled regions in Ukraine (Crimea, Donetsk, Luhansk, Sevastopol) are restricted due to international sanctions.

    Bybit Supported Cryptocurrencies

    Bybit offers a wide range of cryptocurrencies for trading, including major assets, stablecoins, and newly listed tokens. Here are the cryptocurrencies supported by Bybit:

    Major Cryptocurrencies

    Bybit supports trading for Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP, Cardano (ADA), and Polygon (MATIC), among other leading digital assets.

    Stablecoins

    Users can trade with USDT, USDC, DAI, and other fiat-backed stablecoins, ensuring price stability and seamless transactions.

    New Listings & Emerging Tokens

    Bybit frequently adds new cryptocurrencies through its Launchpad and Launchpool programs, allowing users to invest in early-stage blockchain projects. Recent additions include AI-powered tokens and real-world asset-backed cryptocurrencies.

    Derivatives & Perpetual Contracts

    Bybit offers crypto derivatives trading, including USDT-margined and inverse perpetual contracts for major assets like BTC, ETH, and SOL.

    Bybit Payment Methods

    Bybit offers multiple payment options for users to deposit funds and purchase cryptocurrencies securely. The exchange supports bank cards, digital wallets, and crypto payments, ensuring flexibility for traders worldwide as follows:

    1. Bank Card Payments

    Bybit allows users to buy crypto using Visa, Mastercard, JCB, Google Pay, and Apple Pay. Users can link up to 5 bank cards to their account, provided they meet identity verification requirements.

    2. Supported Fiat Currencies

    Users can purchase cryptocurrencies using major fiat currencies, including USD, EUR, GBP, JPY, and AUD. The availability of fiat options depends on the selected payment method and region.

    3. Bybit Pay

    Bybit Pay is a global crypto payment solution, enabling users to make transactions using 15 major cryptocurrencies, including BTC, ETH, USDT, USDC, XRP, BNB, and TON3. The platform supports instant transfers via email, phone number, or Bybit User ID.

    4. Transaction Fees

    Bybit applies variable transaction fees based on the payment method:

    • Visa/Mastercard (EU) – 1.1% per transaction
    • Visa (Non-EU) – 3.05% per transaction
    • Mastercard (Non-EU) – 2.7% per transaction
    • Google Pay & Apple Pay – 1.8% + €0.24 fixed cost

    Bybit Deposit and Withdrawal Fees

    Bybit offers zero deposit fees for cryptocurrency transactions, allowing users to fund their accounts without additional costs. However, withdrawal fees vary based on the network conditions and asset type.

    Deposit Fees

    • Crypto Deposits – No fees for depositing cryptocurrencies into Bybit.
    • Fiat Deposits – Fees may apply depending on the payment provider used for fiat transactions.

    Withdrawal Fees

    Bybit charges fixed withdrawal fees based on the selected cryptocurrency and blockchain network. Some examples include:

    • Bitcoin (BTC) – 0.0005 BTC
    • Ethereum (ETH) – 0.00015 ETH
    • USDT (Tether, BEP20) – 10 USDT
    • Solana (SOL) – 0.00802 SOL
    • XRP (Ripple) – 0.844 XRP

    Bybit processes withdrawals 3 times daily to ensure efficient fund transfers. Users should check the withdrawal page for real-time fee updates, as network congestion may impact costs.

    Bybit Trading Fees

    Bybit follows a tiered fee structure, offering competitive rates for spot trading, perpetual contracts, and options trading. Fees vary based on VIP levels, which are determined by asset balance or 30-day trading volume.

    Spot Trading Fees

    • VIP 0 (Standard Users): 0.10% maker & taker fee
    • VIP 1: 0.08% maker & 0.0675% taker fee
    • VIP 3: 0.075% maker & 0.0625% taker fee
    • Supreme VIP: 0.045% maker & 0.03% taker fee

    Perpetual & Futures Contracts Fees

    • VIP 0: 0.055% taker & 0.02% maker fee
    • VIP 3: 0.035% taker & 0.014% maker fee
    • Pro 5: 0.021% taker & 0.000% maker fee

    Options Trading Fees

    • VIP 0: 0.03% taker & 0.02% maker fee
    • VIP 3: 0.02% taker & 0.015% maker fee
    • Pro 6: 0.015% taker & 0.000% maker fee

    Bybit updates VIP levels daily. Users can check their personal fee rates in the My Fee Rate section after completing identity verification.

    Bybit KYC Verification

    Bybit requires users to complete Know Your Customer (KYC) verification to access most features on the exchange. This process ensures compliance with global anti-money laundering (AML) regulations and enhances security for all users.

    KYC Levels & Withdrawal Limits

    Bybit offers multiple KYC levels, each with different benefits and withdrawal limits:

    • No Verification – Daily withdrawal limit: ≤ 20K USDT, monthly limit: ≤ 100K USDT
    • Standard Verification – Daily withdrawal limit: ≤ 1M USDT
    • Advanced/Pro Verification – Daily withdrawal limit: ≤ 2M USDT
    • VIP Levels – Higher withdrawal limits, up to 30M USDT for PRO 6 users

    How to Complete KYC Verification on Bybit

    Users must submit government-issued identification and complete facial recognition to verify their identity. Advanced verification requires proof of address, such as a utility bill or bank statement.

    Bybit Offers and Coupons

    Bybit provides a variety of promotions, bonuses, and fee discounts for both new and existing users through its Rewards Hub. Here is a list of what Bybit offers and coupons are available in June 2025:

    1. Welcome Bonuses

    New users can claim sign-up rewards by completing tasks such as making their first deposit or executing trades. Bonuses include:

    • Deposit Bonus – Earn up to US$50 for funding your account.
    • Referral Bonus – Invite friends and receive extra trading credits.

    2. Trading Fee Discounts

    Bybit offers fee savers that reduce trading costs on spot, perpetual, and futures contracts. These discounts apply automatically when trading.

    3. Special Promotions & Airdrops

    Users can participate in weekly trading competitions and airdrops, earning exclusive rewards based on trading volume and engagement.

    4. Bybit Pay Coupons

    Coupons are available for Bybit Pay transactions, allowing users to offset fees when making purchases through Bybit’s payment system.

    Bybit Testnet

    You can also test transactions on the Bybit Testnet. This allows users who are unfamiliar with features to trade without using real Bitcoin.

    Bybit Controversies

    Bybit has faced scrutiny over its leveraged trading risks, with some users reporting significant losses due to market volatility. The exchange emphasizes that high-leverage trading is intended for experienced traders, and users must understand the risks before engaging in derivatives trading. Here are some of Bybit’s recent controveries:

    • Leveraged Trading Risks – Bybit has been criticized for enabling high-leverage trades, which can lead to rapid liquidations in volatile markets. The platform advises users to employ risk management tools such as stop-loss orders.
    • Listing Fee Allegations – Claims surfaced that Bybit charges US$1.4 million in listing fees for new tokens. The exchange denied these allegations, clarifying that projects must provide a promotion budget and security deposit ranging from $200,000 to $300,0002.
    • Campus Ambassador Program – Bybit was accused of targeting students with trial trading contracts. The CEO dismissed these claims, stating that no schools officially allow students to trade contracts.

    Frequently Asked Questions (FAQs)

    Does Bybit Allow US traders?

    The exchange does not allow US Citizens to trade on its platform for regulatory reasons. This rule is enforced by I.P. verification, where traders with a US I.P. address will not be able to trade. It is possible to trade on the exchange without KYC (passport verification) verification.

    Does Bybit require KYC?

    Currently, Bybit does not require a passport or ID verification to trade on the exchange. There are currently no withdrawal limits. However, not completing the KYC procedures when using a cryptocurrency exchange carries risks. This is because if the exchange is hacked or it collapses, there would be no way of identifying and proving what funds you had there, which would make recovery extremely difficult, if not impossible.

  • OP_NET (Bitcoin Testnet) Airdrop Guide

    OP_NET (Bitcoin Testnet) Airdrop Guide

    OP_NET is a Bitcoin metaprotocol designed to bring smart contract functionality directly to Bitcoin Layer 1. Unlike other solutions, it aims to achieve this without requiring Bitcoin Improvement Proposals (BIPs) or core protocol changes, and without relying on sidechains or bridges. It uses native BTC for transactions, emphasizing a direct integration with Bitcoin’s existing framework.

    Key Features and Technology

    • Smart Contracts on Bitcoin L1: OP_NET enables the creation and execution of smart contracts directly on the Bitcoin blockchain.

    • Unified Accounts: This innovative feature simplifies interactions with Bitcoin by using tweaked public keys instead of traditional address strings, unifying all account types under a single identifier.

    • OP_20 Standard: This is OP_NET’s equivalent to Ethereum’s ERC-20 standard, allowing developers to create and manage fungible tokens directly on Bitcoin. Key features of OP_20 tokens include fungibility, Bitcoin-native integration, low transaction costs (paid in satoshis), and customizability (minting, burning, allowances).

    • WebAssembly (WASM): OP_NET utilizes WASM, which allows smart contracts to be written in multiple programming languages.

    Ecosystem Components

    OP_NET’s ecosystem includes several applications built on its protocol:

    • Motoswap: A Decentralized Exchange (DEX) for permissionless trading of assets directly on-chain.

    • OP_SCAN: A blockchain explorer providing real-time access to transaction data on the Bitcoin blockchain.

    • Stash: A decentralized lending protocol enabling permissionless lending with loans paid out in USDs (an over-collateralized stablecoin).

    • OP_FUN: A platform for launching coins on OP_NET that are instantly tradable, utilizing bonding curves to create a market.

    • Opbrew: A no-code smart contract deployment tool for OP_NET, built by Bitapes Labs, allowing users to build and deploy OP_20 tokens directly in the browser.

    • Bido: A decentralized liquidity staking protocol where users can stake assets and earn rewards in OP_NET tokens.

    • MultiBit Bridge: A bridge designed to enable value interoperability with other networks through cross-chain methods.

    • Fjord Foundry: A platform connecting innovative projects with engaged backers.

    • Ichigai: A decentralized aggregator providing access to multiple DeFi platforms in one place.

    Funding Information

    Based on initial searches, OP_NET has raised an undisclosed amount of funding. RootData indicates that the project was founded in 2023. Further details on specific funding rounds or investors are still being researched.

    Revenue Model Analysis

    While specific details on OP_NET’s revenue model are not explicitly stated, we can infer potential revenue streams based on its design and ecosystem:

    1. Transaction Fees: As a metaprotocol enabling smart contracts and DeFi on Bitcoin, OP_NET will likely generate revenue from transaction fees. These fees, paid in satoshis, would be incurred for various on-chain activities such as token swaps on Motoswap, staking operations on MotoChef, and other smart contract interactions.
    2. Developer Tools and Services: Platforms like Opbrew (no-code smart contract deployment) could potentially offer premium features or subscriptions for advanced functionalities, catering to developers and businesses building on OP_NET.
    3. Liquidity Provision and Farming: While not a direct revenue stream for the protocol itself, the ecosystem encourages liquidity provision and farming, which could attract users and indirectly benefit the protocol through increased activity and network effect.
    4. Partnerships and Integrations: Future partnerships with other projects or integrations with existing financial systems could open up new revenue avenues through service fees or shared revenue models.
    5. Value Accrual to Native BTC: Since OP_NET uses native BTC and does not have its own token, its success could lead to increased demand and value accrual for Bitcoin itself, which indirectly benefits early adopters and the broader Bitcoin ecosystem.

    Team

    OP_NET was founded by Danny Plainview (Founder) and Chad Master (Co-Founder). Chad Master has also been involved in the development of Motoswap, the Bitcoin-based decentralized exchange that is part of the OP_NET ecosystem.

    OP_NET Testnet Airdrop Step-by-Step Guide

    OP_NET’s airdrop campaign involves completing various on-chain tasks on its testnet, primarily through the Motoswap DEX and MotoChef farming platform. These tasks reset every 48 hours, encouraging continuous engagement. Points are awarded for completing tasks, and users can climb a leaderboard.

    Important Note: To interact with the OP_NET testnet and participate in the airdrop campaign, you will need to download and connect the official OP_NET wallet.

    Obtaining Testnet Tokens (Faucet)

    Before performing any on-chain tasks, you will need testnet tokens. OP_NET provides a faucet for this purpose.

    1. Access the Faucet: Visit the OP_NET Faucet at https://faucet.opnet.org/.
    2. Request Tokens: Follow the instructions on the faucet page to request testnet tBTC and OP_20 tokens. These tokens are essential for performing the swap and staking tasks.

    On-Chain Tasks

    Once you have obtained testnet tokens, you can proceed with the following tasks:

    Link OP_WALLET with X Account

    1. Go to https://opnet.org/points?r=8b8K8W and connect your OP_WALLET.
    2. Link your wallet with your X account.

    Tasks on Motochef (https://farm.motoswap.org/):

    1. Stake PILL-MOTO LP: Navigate to MotoChef and find the staking pool for PILL-MOTO LP. You will likely need to acquire PILL and MOTO tokens and provide liquidity on Motoswap first to get the LP tokens.
    2. Stake tBTC: On MotoChef, locate the staking option for tBTC and stake your testnet tBTC.
    3. Stake MOTO: Find the MOTO staking pool on MotoChef and stake your testnet MOTO tokens.

    Tasks on Motoswap (https://motoswap.org/):

    1. Swap 5 OP_20 tokens: Go to the Motoswap exchange. Perform a swap involving 5 units of any OP_20 token.
    2. Swap 10 OP_20 tokens: Execute another swap involving 10 units of any OP_20 token.
    3. Swap 20 OP_20 tokens: Complete a swap involving 20 units of any OP_20 token.
    4. Stake MOTO: On Motoswap, navigate to the staking section and stake your testnet MOTO tokens.

    Verification: After completing the tasks, return to the OP_NET points page (https://opnet.org/points) and click “Verify Completion” to register your activity and earn points. Remember that tasks reset every 48 hours, so you can repeat them to accumulate more points.

  • GoNative Testnet (Sui) Airdrop Step-by-Step Guide

    GoNative Testnet (Sui) Airdrop Step-by-Step Guide

    This article provides a comprehensive overview of the goNativeCC protocol on the Sui Testnet, including its project details, funding, revenue model, and a step-by-step guide for interacting with the platform for a potential airdrop.

    GoNative Project Overview

    GoNative, also known as Native’s Bitcoin Yield Hub, is a platform designed to allow users to earn yield on their Bitcoin holdings. A key feature is its ability to do so without requiring users to bridge or wrap their Bitcoin, or rely on centralized custodians. The project is built on the Sui Network, leveraging its high-speed and low-cost transactions.

    Technology and Core Concepts

    GoNative utilizes a Zero Trust Architecture and 2PC-MPC cryptography to ensure security and decentralization. It introduces nBTC, a non-custodial, trust-minimized representation of Bitcoin, which is 1:1 backed by real BTC held in decentralized dWallets. This approach aims to bring Bitcoin’s liquidity into DeFi while maintaining user control and aligning with Bitcoin’s core principles.

    Roadmap

    • Q2 2025: Focus on nBTC smart contracts and UI for minting, Bitcoin proving and verification system, integration with select DeFi partners, and community activation.
    • Q3 2025: Planned integration with IKA testnet, enabling withdrawals, bridge transactions, co-marketing efforts, a Testnet Campaign with user activities, and the launch of BTCFi Beelievers NFT.
    • June-July 2025: Launch of Native Mainnet, expansion of the Bitcoin Yield Hub, integration with more DeFi and social applications, liquidity mining, and comarketing/PR activities.
    • Q4 2025 – Q1 2026: Introduction of Bitcoin “Single-click” integration, Token Generation Event (TGE), governance module, BTC Orchestration, IBC Integration, and support for Dogecoin & Litecoin, alongside further PR and marketing campaigns.

    Revenue Model / Yield Generation

    The yield generated on nBTC originates from three primary sources:

    • DeFi Supply and Demand: Users earn interest or fees by deploying nBTC in lending markets or liquidity pools.
    • Native Protocol Incentives: These are distributed to encourage early adoption and bootstrap BTCFi use cases.
    • Partner Rewards: Offered by ecosystem protocols seeking to attract nBTC into their products and drive BTC-based activity on Sui.

    Funding and Team Information

    Direct funding information specifically for GoNative as a separate entity is not readily available through public searches. However, GoNative leverages technology from Ika, which has successfully raised over $21 million in total funding. This indicates that GoNative benefits from the technological advancements and backing of a well-funded partner in the blockchain space, particularly in the area of 2PC-MPC cryptography.

    Information regarding the core team members of goNativeCC is not publicly disclosed in the search results.

    Step-by-Step Guide for Interacting with GoNative (Sui Testnet) Airdrop

    This guide outlines the steps to interact with the GoNative protocol on the Sui Testnet for a potential airdrop. Please note that this is a testnet environment, and the process may change for the mainnet.

    Prerequisites:

    • Slush Wallet: Ensure you have the Slush Wallet installed and configured for the Sui Testnet.
    • Testnet SUI Tokens: You will need testnet SUI tokens to perform swaps. You can obtain these from the Sui Faucet (https://faucet.sui.io/) or alternative faucets mentioned on the GoNative application page.

    Interaction Steps:


    1. Access the goNativeCC BYIELD Application:

    • Navigate to the BYIELD application: https://byield.gonative.cc/

    2. Connect Your Sui Wallet:

    • On the BYIELD application page, click on the “Connect Sui Wallet” button.
    • Follow the prompts in your Slush Wallet to connect it to the BYIELD application.


    3. Obtain Testnet SUI Tokens (if needed):

    • If you do not have sufficient testnet SUI, click on the “Request Sui Tokens from faucet” link or check the “alternative faucets” links provided on the BYIELD application page.
    • Follow the instructions on the faucet page to claim your testnet SUI tokens.


    4. Swap SUI to nBTC:

    • Once your wallet is connected and you have testnet SUI tokens, locate the input fields for swapping SUI to nBTC.
    • Enter the desired amount of SUI you wish to swap. The application indicates a fixed price of 25,000 SUI / nBTC.
    • Confirm the transaction in your Slush Wallet when prompted.

    5. Complete the Whitelist Application Form

    • After making your first NBTC swap transaction, complete the application form for the BTCFi Beelievers NFT whitelist.

  • Pump.fun Airdrop and Token Sale Controversy: A Complete Rundown

    Pump.fun Airdrop and Token Sale Controversy: A Complete Rundown

    What is Pump.fun?

    Pump.fun is a popular Solana-based meme coin generator that launched in January 2024. The platform allows anyone, regardless of technical expertise, to create their own tokens on Solana with just a button click. Since its launch, over 11 million tokens have been minted on the platform, with a cumulative market cap exceeding 4.5billion. The platform has generated more than $700 million in total revenue since its inception.

    The Current Controversy: $1B Token Sale

    Breaking News (June 2025)

    According to multiple reports published today (June 4, 2025), Pump.fun is reportedly preparing to launch its own $1 billion token sale with a massive $4 billion fully diluted valuation (FDV). This news was first broken by Blockworks, citing two sources with knowledge of the matter.

    Key Details of the Reported Token Sale:

    1. Sale Structure: The token will reportedly be sold to both public and private investors

    2.Target Raise: $1 billion

    3.Valuation: $4 billion fully diluted valuation

    4.Timeline: While the exact launch date wasn’t specified in the Blockworks report, social media discussions on X suggest it could happen within the next two weeks

    5.Airdrop Component: Some X accounts are claiming that an airdrop for existing users will accompany the token launch

    The Controversy

    The controversy surrounding the Pump.fun token sale and airdrop centers on several key issues:

    1.Contradictory Statements: In February 2025, Pump.fun co-founder Alon Cohen explicitly denied rumors about a potential token launch, stating: “I would advise not to listen to anything that didn’t directly come from Pump.fun.” This contradiction between past denials and current reports has raised questions about transparency.

    2.Valuation Concerns: Many crypto analysts are questioning the $4 billion valuation, with some describing the $1 billion fundraising target as unrealistic, especially in the current market conditions.

    3.Platform History: Pump.fun has a controversial history, including:

    •Numerous rug pulls associated with tokens launched on the platform

    •The platform’s livestreaming feature becoming a hub for degrading on-air stunts.

    •A cease and desist case from Burwick Law over 200+ IP-infringing meme coins

    4.Market Impact: The announcement has already affected Solana’s price, which initially dipped over 2% as the news broke, though it has since recovered about half of that dip.

    5.Community Division: The crypto community is showing mixed reactions:

    •Skeptics question the legitimacy and timing of the token sale

    •Optimists believe this could reignite Solana’s bullish ecosystem

    •Some analysts like Nick O’Neil are cautiously optimistic, noting that Pump.fun has demonstrated its ability to successfully execute projects

    Recent Platform Developments

    In the lead-up to this reported token sale, Pump.fun has made several significant changes:

    •Ditched Raydium for its own AMM (Automated Market Maker)

    •Now accounts for a large percentage of volume on the entire Solana ecosystem

    •Reintroduced its livestreaming feature with stricter moderation policies that ban content involving violence and other illegal activities

    What This Means for the Crypto Ecosystem

    If the reported $1 billion raise materializes, Pump.fun would become one of crypto’s newest unicorns and potentially one of the first meme coin infrastructure plays to achieve such a milestone. The token launch could fuel another meme coin trading frenzy on Solana, potentially bringing renewed attention to the blockchain.

    Timeline of Events

    •January 2024: Pump.fun launches as a meme coin generator on Solana

    •Late 2024: Livestreaming feature temporarily deactivated following controversies

    •February 9, 2025: Co-founder Alon Cohen denies token launch rumors

    •February 2025: Pump.fun reportedly ditches Raydium, launches own AMM

    •February 26, 2025: Pump.fun’s X account was hacked, with hackers promoting a fake governance token called “PUMP”

    •June 3, 2025: Reports emerge on X about an imminent token launch and airdrop

    •June 4, 2025: Blockworks and other crypto news outlets report on the planned $1B token sale

    Sources

    This summary is based on information from multiple crypto news sources published on June 4, 2025, including:

    •Cryptonews.com

    •Cryptonomist.ch

    •Blockworks (original source of the token sale report)

    •Social media discussions on X (formerly Twitter)

  • Top Solana Sniper Bots Ranked

    Top Solana Sniper Bots Ranked

    Available Solana Sniper Bots: Comprehensive Comparison

    This document provides a detailed comparison of the most popular and effective Solana sniper bots available in the market, with special attention to offerings from Chinese developers and teams.

    Market Overview

    The Solana sniper bot ecosystem has matured significantly in 2024-2025, with several established players dominating the market. According to Dune Analytics data, the top five bots by trading volume are:

    1. BonkBot
    2. Maestro
    3. Banana Gun
    4. Trojan
    5. Sol Trading Bot

    These platforms collectively process billions in trading volume annually, with significant growth observed in the memecoin trading segment.

    Detailed Bot Comparisons

    BonkBot (@bonkbot_io)

    Origin & Development Team: Created by the Bonk community, with a development team primarily based in Western countries but with significant contributions from Asian developers.

    Key Features:

    • User-friendly interface designed for beginners
    • MEV protection with two modes: Turbo (speed-focused) and Secure (protection-focused)
    • Jupiter integration for optimal routing across DEXs
    • Adjustable gas fees for transaction success rate optimization

    Technical Specifications:

    • Fee Structure: 1% on all transactions
    • Security: AES 256 encryption for data protection
    • Platform: Telegram-based
    • Daily Trading Volume: Approximately $14 million

    Strengths: Simplicity, speed, and strong community support make BonkBot particularly appealing to newcomers. The MEV protection features are well-implemented compared to competitors.

    Weaknesses: Lacks some advanced features found in newer bots, such as comprehensive copy trading and multi-chain support.

    Maestro (@MaestroBots)

    Origin & Development Team: One of the oldest trading bots in the Solana ecosystem, developed by a multinational team with significant contributions from developers in Singapore and Hong Kong.

    Key Features:

    • Comprehensive suite of four specialized bots (sniper, wallet, whale monitoring, trading monitoring)
    • Advanced Anti-Rug and fraud detection mechanisms
    • Copy trading functionality
    • Multi-wallet purchase capabilities

    Technical Specifications:

    • Fee Structure: 1% on all transactions
    • Security: AES encryption for private keys
    • Platform: Telegram-based
    • Daily Trading Volume: Second highest among Solana bots

    Strengths: The most comprehensive feature set among all bots, with particularly strong monitoring tools for whale activity.

    Weaknesses: Complex interface with steep learning curve; interaction can be cumbersome for new users.

    Banana Gun (@BananaGunBot)

    Origin & Development Team: Developed by a team with members from both Western countries and East Asia, with significant technical contributions from Chinese developers.

    Key Features:

    • Lower fees for manual purchases (0.5%) compared to automatic sniping (1%)
    • Multi-chain support (Solana, Base, Ethereum)
    • Honeypot protection with built-in simulation
    • Limit orders with stop-loss and trailing stop-limit functionality

    Technical Specifications:

    • Fee Structure: 0.5% for manual buys, 1% for sniper buys
    • Security: Anti-rug and reorganization protection with 85% claimed success rate
    • Platform: Telegram-based
    • Specialization: Particularly optimized for sniping operations

    Strengths: Lower fees for manual trading and specialized sniping capabilities make it attractive for cost-conscious traders.

    Weaknesses: Some users report occasional reliability issues during high network congestion.

    Trojan (@TrojanOnSolana)

    Origin & Development Team: Developed by Reethmos, former head of Unibot community operations, with a team that includes several Chinese developers who contributed to the technical architecture.

    Key Features:

    • Cross-chain bridge functionality built directly into the bot
    • Complex order forms including DCA (dollar cost averaging)
    • Precision limit orders
    • Referral system with fee discounts (0.9% via referral)

    Technical Specifications:

    • Fee Structure: 1% standard, 0.9% via referral
    • Security: Continuous security audits by Trail of Bits
    • Platform: Telegram-based
    • Interface Style: Similar to Unibot, familiar to users of that platform

    Strengths: The built-in cross-chain bridge is a unique feature not found in most competitors, making it valuable for multi-chain traders.

    Weaknesses: Less established community compared to older bots like BonkBot and Maestro.

    Sol Trading Bot (@SolTradingBot)

    Origin & Development Team: Developed by a team with significant presence in both Western and Asian markets, with technical leadership from developers based in Taiwan and mainland China.

    Key Features:

    • Integration with three major Solana DEXs (Jupiter, Orca, Raydium)
    • Multi-DEX strategy implementation
    • State-of-the-art encryption for wallet security
    • Customizable trading parameters

    Technical Specifications:

    • Fee Structure: 1% on all transactions
    • Security: Advanced encryption protocols
    • Platform: Telegram-based
    • Trading Volume: Fifth highest among Solana bots

    Strengths: Strong multi-DEX integration provides flexibility and optimal pricing.

    Weaknesses: Fewer advanced features compared to top-tier competitors.

    Chinese Developer Innovations

    Chinese development teams have made significant contributions to the Solana sniper bot ecosystem, with several unique innovations:

    GMGN Sniper Bot

    Developed by a Chinese team, GMGN has created dozens of Telegram channels focused on trading. Their sniper bot features:

    • Advanced mempool monitoring techniques
    • Customized RPC infrastructure with nodes in multiple Asian data centers
    • Specialized algorithms for detecting token launches before they appear on public interfaces
    • Lower latency connections to Solana validators in Asia

    Smithii Sniper

    While not exclusively developed by Chinese teams, Smithii has significant contributions from Chinese developers and is popular in Asian markets. Key features include:

    • Premium RPC integration for faster block confirmation
    • Web and Telegram interfaces
    • High security rating (10/10 according to independent reviews)
    • Speed optimization that consistently places trades in the top 5 positions

    BullX

    BullX has gained popularity in both Western and Chinese markets, with significant technical contributions from Chinese developers. Its standout features include:

    • Sophisticated gas configuration system
    • MEV protection mechanisms
    • Integration with PumpFun and other popular launch platforms
    • HyperRouter technology (exclusive BDN developed by a team closely working with BullX)

    Comparative Analysis

    When comparing bots across key metrics, several patterns emerge:

    Speed Performance

    Speed is perhaps the most critical factor for sniper bot success. In comparative testing:

    1. Smithii Sniper consistently ranks highest for speed (9/10)
    2. BullX, Trojan, and Banana Gun tie for second place (8/10)
    3. Photon and Sol Trading Bot follow closely (7/10)

    Platform Availability

    Most bots operate primarily through Telegram, but some offer web interfaces:

    • Telegram Only: Trojan, Sol Trading Bot, Banana Gun
    • Telegram + Web: Smithii, BullX, Photon

    Security Measures

    Security ratings based on independent reviews and user feedback:

    1. Smithii: 10/10
    2. Sol Trading Bot: 9/10
    3. BullX, Trojan, Banana Gun: 8/10
    4. Photon: 6/10

    Fee Structures

    Most bots charge a standard 1% fee on all transactions, with a few exceptions:

    • Banana Gun: 0.5% for manual buys, 1% for sniper buys
    • Trojan: 0.9% via referral system
    • All others: Standard 1% fee

    Advanced Features

    Feature completeness ratings based on comprehensive analysis:

    1. Smithii and BullX: 9/10
    2. Trojan and Photon: 8/10
    3. Sol Trading Bot and Banana Gun: 7/10

    Several trends are shaping the future of Solana sniper bots:

    1. Increased Chinese Developer Influence: Chinese development teams are gaining market share with innovations in speed optimization and MEV protection.
    2. Multi-Chain Expansion: Leading bots are expanding beyond Solana to other chains like Base and Ethereum.
    3. MEV Protection Focus: As MEV extraction becomes more sophisticated, bots are increasingly differentiating based on their MEV protection capabilities.
    4. Consolidation: The market is likely to consolidate around a few dominant players, with smaller bots being acquired or losing market share.
    5. RPC Infrastructure Investment: Top bot developers are investing heavily in private RPC infrastructure to gain speed advantages.

    Conclusion

    The Solana sniper bot ecosystem is highly competitive, with continuous innovation driving improvements in speed, security, and features. Chinese developers have made significant contributions to this space, particularly in speed optimization and MEV protection.

    For users selecting a sniper bot, the choice depends primarily on their specific needs:

    • For beginners: BonkBot offers the most user-friendly experience
    • For advanced traders: Maestro provides the most comprehensive feature set
    • For speed-focused users: Smithii Sniper consistently ranks highest for execution speed
    • For cost-conscious traders: Banana Gun offers lower fees for manual purchases
    • For multi-chain traders: Trojan’s built-in cross-chain bridge provides unique value

    As the ecosystem continues to evolve, we expect to see further innovations from both Western and Chinese development teams, with a particular focus on MEV protection, multi-chain support, and specialized trading strategies.

    References and Further Reading

    1. BonkBot – Official Telegram Channel
    2. Maestro Bots – Official Documentation
    3. Banana Gun Bot – Telegram Channel
    4. Trojan – Official Website
    5. Smithii – Best Solana Sniper Bot Comparison
    6. Odaily – Solana Trading Bot Comparison
    7. Dune Analytics – DEX Trading Bot Wars Dashboard
    8. Jupiter – Solana’s Liquidity Aggregator
    9. Orca – Solana DEX
    10. Raydium – Solana DEX
    11. PumpFun – Token Launch Platform
    12. BullX Documentation – MEV Protection
    13. BloxRoute – Solana Order Flow Relay
  • BullX NEO Gas and Bribe setting tutorial

    BullX NEO Gas and Bribe setting tutorial

    Full guide on the Solana Gas settings for BullX Neo

    Understanding Gas Settings on Solana

    Unlike Ethereum, Solana doesn’t use the term “gas” in its native terminology, but the concept is similar – fees paid to prioritize and execute transactions. On Solana, these settings are typically divided into several components that sniper bot users must understand and configure:

    1. Priority Fees: Extra payments to validators to prioritize transaction processing
    2. Bribe Fees: Additional incentives for validators or specialized networks
    3. MEV Settings: Configuration for Maximal Extractable Value optimization
    4. Slippage Tolerance: Maximum acceptable price deviation during execution

    BullX Neo Gas Configuration System

    BullX Neo, one of the most popular Solana sniper bots, offers a sophisticated gas configuration system with multiple parameters that users can adjust based on market conditions and trading objectives.

    Priority Fee (PRIO)

    The priority fee in BullX is an extra payment to validators to prioritize transaction processing, especially critical during network congestion:

    • Default Value: 0.01 SOL
    • Configuration Options:
      • Rapid Preset: Sets a moderate priority fee for faster confirmations
      • Insane Preset: Sets a higher priority fee for the fastest possible confirmations
      • Custom: Allows users to specify their own priority fee amount

    Priority fees are particularly important during high-demand events like token launches or market volatility, where transactißon speed can determine profitability.

    Bribe Fee (BRIBE)

    The bribe fee is an additional incentive provided to validators (or the Jito network) to further prioritize transaction execution:

    • Default Value: 0.01 SOL
    • Functionality: Significantly improves transaction confirmation speed, especially when using MEV Only Mode
    • Recommendation: For competitive sniping during token launches, experienced traders often set bribe fees between 0.01-0.05 SOL depending on expected competition

    MEV Only Mode

    BullX offers a specialized MEV (Maximal Extractable Value) Only Mode that routes transactions exclusively through Jito’s infrastructure:

    • Disabled (Default): Transactions are broadcast to both Jito and standard Solana block leaders
    • Enabled: Transactions go only to Jito’s infrastructure, potentially reducing sandwich attacks but requiring higher bribes

    When MEV Only Mode is enabled, BullX automatically adds a static 0.002 SOL on top of any user-defined bribe to improve broadcasting reliability.

    Comparative Settings for Different Scenarios

    MEV Only Mode (Enabled)

    • Higher Bribe Recommended: Above 0.01 SOL to ensure transaction prioritization
    • Protection from Sandwich Attacks: Transactions are processed in an MEV-optimized environment
    • Variable Transaction Speed: Might slow down if bribe is too low; increase the bribe to speed it up
    • Priority Fee: Less critical for Jito, since the bribe is the primary factor for prioritization

    MEV Only Mode (Disabled)

    • Lower Bribe Suffices: Transactions also go to standard block leaders, so even a small bribe may still get through quickly
    • Faster Transaction Speeds: Often confirmed more quickly if the network isn’t too congested
    • Wider Distribution: Transactions are broadcast across multiple validators and routes

    Slippage Limit

    Slippage is the difference between the expected trade price and the actual executed price:

    • Configuration: Users set a maximum slippage percentage they can tolerate
    • Example: If set to 1000%, users accept up to 1000% price deviation
    • Recommendation: For volatile memecoins, experienced traders often set high slippage (500-1000%) to ensure execution, while more stable tokens may use lower settings (1-5%)

    Advanced Network Routing in BullX

    BullX implements sophisticated network routing technologies to enhance transaction reliability:

    Blockchain Distribution Networks (BDNs)

    BullX leverages specialized routers designed to broadcast transactions with high reliability:

    • HyperRouter: BullX-exclusive BDN with global edge coverage
    • BloxRoute: Alternative service used as backup

    Stake-Weighted Quality of Service (SWQoS)

    This mechanism optimizes transaction propagation based on stake weight:

    • MEV Mode: A static 0.002 SOL is added to the set bribe
    • Non-MEV Mode: Bribes are distributed across multiple routers in increments of 0.0001 SOL

    Optimal Gas Settings for Different Trading Scenarios

    Token Launch Sniping

    • Priority Fee: 0.05-0.1 SOL
    • Bribe: 0.05-0.1 SOL
    • MEV Mode: Enabled for protection against sandwich attacks
    • Slippage: 500-1000%

    Regular Trading During Normal Conditions

    • Priority Fee: 0.001-0.005 SOL
    • Bribe: 0.001-0.005 SOL
    • MEV Mode: Disabled (unless specifically concerned about front-running)
    • Slippage: 1-5% for established tokens

    High Volatility Trading

    • Priority Fee: 0.01-0.05 SOL
    • Bribe: 0.01-0.05 SOL
    • MEV Mode: Situational (enabled for protection, disabled for speed)
    • Slippage: 10-50% depending on token volatility

    Maestro Bot

    • Uses similar priority and bribe fee mechanisms
    • Offers preset configurations for different network conditions
    • Includes an “Auto” mode that dynamically adjusts fees based on network congestion

    Trojan Bot

    • Emphasizes MEV protection with specialized routing
    • Provides more granular control over transaction routing
    • Includes validator-specific optimization options

    Sniper.sol

    • Focuses on minimizing fees through optimized transaction bundling
    • Offers “stealth mode” to reduce front-running risk
    • Includes automatic fee adjustment based on historical success rates

    Common Pitfalls and Optimization Strategies

    Underpaying Fees

    • Problem: Transactions get stuck or execute too slowly
    • Solution: Start with higher fees and gradually reduce them as you learn the minimum effective amounts

    Overpaying Fees

    • Problem: Unnecessary reduction in profitability
    • Solution: Test different fee levels during similar market conditions to find optimal settings

    Ignoring Network Conditions

    • Problem: Settings that work during normal conditions fail during congestion
    • Solution: Create multiple presets for different network states and monitor congestion indicators

    Neglecting MEV Protection

    • Problem: Transactions get front-run by other bots
    • Solution: Use MEV-only mode for high-value opportunities, especially when price impact is significant

    Conclusion

    Gas settings on Solana sniper bots like BullX represent a critical aspect of trading strategy that directly impacts execution speed, success rate, and profitability. The optimal configuration varies based on market conditions, token characteristics, and specific trading objectives. Successful traders typically develop multiple presets for different scenarios and continuously refine their settings based on performance data and changing network dynamics.

    References and Further Reading

    1. BullX Neo Documentation – Fees and Gas
    2. Solana Documentation – How to Use Priority Fees
    3. Jito Network – MEV Infrastructure for Solana
    4. BloxRoute – Solana Order Flow Relay
    5. Jupiter – Slippage and Price Impact
    6. Solana Cookbook – Compute Budget
    7. Maestro Bot – Official Documentation
    8. Trojan Bot – Telegram Channel
  • Solana Bribe and Transaction Mechanics explained

    Solana Bribe and Transaction Mechanics explained

    This article explores the intricate relationship between transaction prioritization, validator incentives, and Maximal Extractable Value (MEV) on the Solana blockchain, with a particular focus on how these mechanisms impact sniper bot operations and overall network dynamics.

    Priority Fees: Solana’s Transaction Prioritization Mechanism

    Structure and Implementation

    Priority fees on Solana represent an optional fee mechanism that allows users to incentivize validators to include their transactions in blocks more quickly. Unlike the fixed base fee of 5,000 lamports per signature, priority fees are dynamic and market-driven, priced in micro-lamports per compute unit.

    The priority fee is calculated using the following formula:

    Priority Fee = Compute Unit Limit × Compute Unit Price

    Where:

    • Compute Unit Limit: The maximum number of compute units the transaction can consume
    • Compute Unit Price: The amount (in micro-lamports) the user is willing to pay per compute unit

    Technically, priority fees are implemented through the Compute Budget Program, which allows developers to:

    1. Set the compute unit limit for a transaction
    2. Specify the price per compute unit they’re willing to pay

    This creates an economic incentive for validators to prioritize transactions with higher fees per compute unit, especially during periods of network congestion.

    Economic Impact on Validators

    Priority fees have significantly altered the validator economics on Solana:

    1. Additional Revenue Stream: Validators now receive income beyond the standard inflation rewards and base transaction fees.
    2. Competitive Prioritization: Validators are economically incentivized to include transactions with the highest fee per compute unit first, creating a market-based mechanism for transaction ordering.
    3. Validator Behavior Modification: The introduction of priority fees has led validators to optimize their transaction selection algorithms to maximize fee revenue.

    Recent governance proposals have sought to adjust the priority fee structure to reward validators with 100% of the fees collected (rather than burning a portion), ensuring validators are appropriately incentivized to maintain network security and performance.

    Maximal Extractable Value (MEV) on Solana

    Understanding MEV in the Solana Context

    Maximal Extractable Value (MEV) refers to the value that can be extracted by validators and network participants through the strategic ordering, inclusion, or exclusion of transactions within blocks. On Solana, MEV manifests differently than on Ethereum due to the blockchain’s unique architecture:

    1. Parallel Transaction Processing: Solana’s ability to process non-conflicting transactions in parallel changes how MEV can be extracted.
    2. Sub-Second Block Times: With slots occurring approximately every 400ms, the window for MEV extraction is much narrower than on other blockchains.
    3. Leader Schedule Predictability: Solana’s deterministic leader schedule allows MEV extractors to target specific validators.

    Common MEV strategies on Solana include:

    • Front-running trades on decentralized exchanges
    • Sandwich attacks (placing orders before and after a large trade)
    • Arbitrage between different liquidity pools
    • Liquidation sniping in lending protocols

    MEV’s Impact on Network Performance

    According to research by Jito Foundation, MEV activities have had a significant impact on Solana’s network performance:

    • Over 30% of transactions on Solana are from arbitrage bots
    • In some epochs, 60% of block compute resources are consumed by arbitrage transactions
    • More than 98% of arbitrage transactions fail, meaning validators waste approximately 58% of their processing time on failed MEV attempts

    This inefficiency creates network congestion, increases transaction failures for regular users, and degrades the overall user experience during periods of high volatility.

    The Bribe Economy: How Transactions Get Prioritized

    Direct Validator Incentives

    The term “bribes” in the Solana ecosystem refers to the economic incentives provided to validators to prioritize certain transactions. These incentives take several forms:

    1. Priority Fees: The official, protocol-level mechanism for transaction prioritization.
    2. Direct Validator Payments: Some high-frequency traders establish relationships with validators and pay them directly (off-chain) for preferential treatment.
    3. Specialized MEV Infrastructure: Services like Jito Labs provide infrastructure that allows validators to capture MEV and share the profits with stakers.

    A notable example of the scale of these incentives occurred during the launch of the TRUMP token in January 2025, when validators reportedly received over 100,000 SOL (worth millions of dollars) in priority fees and MEV rewards over just two days of active trading.

    Transaction Bundles and MEV Extraction

    To address the inefficiencies of the current MEV landscape, specialized infrastructure has emerged:

    1. Jito-Solana: A fork of the Solana validator client optimized for efficient MEV extraction, which supports “bundles” that allow traders to specify the exact ordering of their transactions.
    2. BloXroute’s Order Flow Relay (OFR): A system that injects transactions directly to validators without exposing them to public mempools, reducing the risk of front-running.
    3. Searcher-Validator Relationships: Advanced MEV extractors (“searchers”) develop direct relationships with validators to gain priority access to block production.

    These mechanisms create a more efficient market for transaction ordering, potentially reducing the spam and failed transactions that currently plague the network.

    Implications for Sniper Bots

    Competitive Advantage Through Fee Optimization

    For sniper bots, understanding and optimizing around Solana’s priority fee and MEV landscape is crucial:

    1. Dynamic Fee Calculation: Sophisticated bots implement algorithms that adjust priority fees based on network congestion, potential profit, and competitor behavior.
    2. Validator Targeting: Some bots specifically target transactions to validators known to be running specialized MEV infrastructure.
    3. Bundle Strategies: Advanced bots utilize transaction bundles through services like Jito to ensure precise ordering of their transactions.
    4. Private Mempools: Top-tier sniper operations use private transaction routing to avoid having their strategies front-run by competitors.

    The Arms Race Dynamic

    The relationship between sniper bots, validators, and MEV infrastructure creates an ongoing arms race:

    1. Increasing Sophistication: As basic strategies become commoditized, bots implement increasingly complex approaches to maintain an edge.
    2. Infrastructure Investment: The most successful operations invest heavily in low-latency connections, private RPC nodes, and direct validator relationships.
    3. Fee Escalation: During high-value opportunities (like token launches), priority fees can spike dramatically as bots compete for inclusion.
    4. Specialized Validator Selection: Some bot operators stake to (or run their own) validators to gain advantages in transaction processing.

    Future Outlook and Ecosystem Evolution

    Governance and Protocol Changes

    The Solana ecosystem continues to evolve in response to MEV and priority fee dynamics:

    1. Fee Distribution Proposals: Recent governance proposals have suggested adjusting how priority fees are distributed to better align validator incentives with network health.
    2. MEV-Aware Protocol Design: New protocols are increasingly designed with MEV considerations in mind, implementing mechanisms to reduce harmful extraction.
    3. Validator Specialization: The validator ecosystem is likely to continue specializing, with some validators optimizing specifically for MEV capture.

    Balancing Efficiency and Fairness

    The challenge for the Solana ecosystem is balancing the efficiency gains of market-based transaction ordering with concerns about fairness and accessibility:

    1. User Experience Considerations: Ensuring that regular users can still access the network during high-congestion periods without paying exorbitant fees.
    2. Validator Decentralization: Preventing MEV extraction from centralizing the validator set around a few highly-optimized operators.
    3. Sustainable Economics: Developing fee and MEV capture mechanisms that provide sustainable economics for validators without excessive extraction from users.

    The evolution of these mechanisms will significantly impact the future landscape for sniper bots, traders, and all participants in the Solana ecosystem.

    References and Further Reading

    1. BullX Neo Documentation – Fees and Gas
    2. Solana Documentation – How to Use Priority Fees
    3. Jito Network – MEV Infrastructure for Solana
    4. BloxRoute – Solana Order Flow Relay
    5. Jupiter – Slippage and Price Impact
    6. Solana Cookbook – Compute Budget
    7. Maestro Bot – Official Documentation
    8. Trojan Bot – Telegram Channel
    9. YouTube – BullX Neo Gas Settings Tutorial
  • TOKEN2049 Dubai: 30 Days to Go – On Track to Sell Out Amid Record-Breaking Demand

    TOKEN2049 Dubai: 30 Days to Go – On Track to Sell Out Amid Record-Breaking Demand

    TOKEN2049 Dubai will take place at Madinat Jumeirah from 30 April – 1 May 2025, bringing together 15,000 attendees from across the globe for an unparalleled festival experience

    TOKEN2049 – the world’s largest crypto event – will bring together 15,000 attendees from over 4,000 companies and more than 160 countries in Dubai. With demand for tickets at unprecedented levels, prices will increase ahead of schedule on Thursday 3 April. Following the resounding success of the 2024 edition, the event is once again on track to sell out weeks before the opening day on 30 April.

    TOKEN2049 Dubai 2025 is scaling up significantly, transforming its unique indoor-outdoor venue at the luxurious Madinat Jumeirah Resort into an extraordinary, festival-like environment. Attendees will experience a spectacular new outdoor Amphitheater Stage, expansive exhibition and networking areas, and thrilling activities such as a zipline soaring from an 18-meter tower over the iconic Fort Island. Exclusive wellness experiences, including ice baths, IV drips, and fresh hand-carved coconuts, will further elevate the attendee experience.

    While set to be the most immersive experience TOKEN2049 has ever delivered, the event will also feature an all-star lineup of speakers and side events. The back-to-back agenda will serve as the industry standard for exploring the frontiers of the digital asset ecosystem.

    Alex Fiskum, Co-Founder of TOKEN2049, said: “TOKEN2049 Dubai is already surpassing last year’s extraordinary demand, set to reach capacity weeks before we open doors. This will truly be a landmark global gathering, redefining what attendees expect from industry events. We’re redefining the conference experience, pushing boundaries to provide the world’s best environment to connect, exchange ideas, network, and shape the future of the industry. We strongly encourage everyone planning to attend to secure tickets now, as a complete sell-out is imminent. We can’t wait to welcome our global community to Dubai next month”

    Haider Rafique, CMO of OKX, commented: “TOKEN2049 has injected fresh momentum into the crypto industry, inspiring a new wave of entrepreneurs, developers, creators, and curious investors. The exceptional programming helps steer our industry away from speculation and toward genuine innovation and meaningful collaboration. At OKX, we’ve set the standard for compliance, security, and transparency—core values reinforced by our partnership with TOKEN2049. Together, we’re spotlighting the companies that do things right, setting a new narrative for the future of crypto. We look forward to seeing everyone in Dubai!”

    The first 100 headline speakers have already been announced, with more than 200 global thought leaders, innovators, and influential voices set to take the stage. Early confirmed speakers include The Network State author Balaji Srinivasan, Binance CEO Richard Teng, Tether CEO Paolo Ardoino, Maelstrom CIO Arthur Hayes, and Circle CEO Jeremy Allaire among others. Additional major speaker announcements are scheduled in the coming weeks, building excitement and anticipation as the event approaches.

    Over 200 industry-leading exhibitors have also been confirmed – they will showcase their innovations throughout the most immersive TOKEN2049 exhibition to date. Title Sponsors include OKX – a leading technology company building a decentralized future; Binance – the largest crypto exchange by trading volume and users; BloFin – a global, secure, and user-first platform for premium futures trading, Spacecoin – a decentralized internet satellite network using blockchain technology for global connectivity, MEXC – a global exchange known as “Your Easiest Way to Crypto,” and KuCoin: Shaping the Future of Crypto.

    Complementing the main event, TOKEN2049 Week will showcase an impressive roster of more than 500 side events throughout Dubai, including exclusive networking events, parties, hackathons, workshops, and investor meetups. The full side events calendar is available online.

    Tickets are quickly running out. Reserve your ticket today at dubai.token2049.com/tickets.

    About TOKEN2049

    TOKEN2049 is a global Web3 event series, organised semi-annually in Singapore and Dubai, where decision-makers in the global crypto ecosystem connect to exchange ideas, network, and shape the industry. TOKEN2049 is the preeminent meeting place for entrepreneurs, institutions, industry insiders, investors, builders, and those with a strong interest in the crypto and blockchain industry.

  • Yellow Network ($YELLOW) token airdrop guide

    Yellow Network ($YELLOW) token airdrop guide

    Yellow Network ($YELLOW) is a decentralized Layer-3 peer-to-peer mesh network that enables real-time, cross-chain trading by allowing brokers to communicate, trade, and aggregate liquidity without relying on block creation. They have recently launched their testnet and Galxe campaign, which would pave the way to a potential $YELLOW token airdrop! Here is our Yellow Network ($YELLOW) token airdrop guide.

    What is Yellow Network ($YELLOW)?

    Yellow Network ($YELLOW) is a decentralized system that lets brokers trade and share liquidity across different blockchains in real-time without needing to create new blocks. Here are some of its main features.

    • Decentralized Trading: Yellow Network enables genuinely decentralized trading by allowing participants to swap assets across different exchanges without relying on block creation.
    • Layer-3 Mesh Network: It operates as a decentralized Layer-3 peer-to-peer mesh network, facilitating communication, trading, and liquidity aggregation among brokers.
    • State Channel Technology: Utilizes state channel technology for real-time settlement between brokers, enabling cross-chain trading without the need to bridge assets.
    • Scalability and Efficiency: Improves blockchain throughput by reducing the computational load on nodes, making it easier to run a node and decentralizing the certification process.

    How to get the Yellow Network ($YELLOW) token airdrop?

    Here is a step by step guide on how to get the Yellow Network ($YELLOW) token airdrop

    1. Go to Yellow Network Galxe Quest Page

      Connect your wallet to https://app.galxe.com/quest/YellowNetwork/GCKaDtgyrz

    2. Connect to Yellow vault

      Go to https://vault.yellow.com/seasons and connect your wallet.

    3. Lock funds

      Make sure you are on the Ethereum, Linea or Polygon networks, select the amount you wish to lock up and click “Lock”. Note that Season 1 of this campaign is live until 11th November 2024.

    4. Verify task

      Go back to Yellow Network’s Galxe page and verify the task.

    5. Complete social tasks

      Follow Yellow and Twitter and interact with their posts as per the Galxe tasks. Remember to verify your tasks in order to earn points.

    6. Visit pages

      Visit the pages specified on Yellow Network’s Galxe page and verify the task.

    7. Refer friends

      Refer your friends to participate in Season 1: The Future.



  • SunPump ($SUN) review: Everything you wanted to know

    SunPump ($SUN) review: Everything you wanted to know

    SunPump ($SUN) is the world’s first platform dedicated to the fair launch and trading of meme coins, offering a user-friendly, low-cost, and secure environment for creators and traders on the TRON network. The SunPump platform is part of SUN.io, Tron’s first decentralized autonomous platform integrating stablecoin and token exchanges whilst supporting liquidity mining. Here is our review on everything you wanted to know about SunPump ($SUN).

    What is SunPump?

    SunPump is a platform on TRON that facilitates the fair launch and trading of meme coins. It offers creators an accessible, low-cost way to create their own meme coins in a secure and user-friendly environment. Here are SunPump’s main features:

    1. One-click token generation: Users can easily create meme coins by providing a token name, symbol, image, and paying a small fee.
    2. Bonding curve mechanism: SunPump adjusts prices based on token supply, ensuring fairness and transparency.
    3. Instant market access: Newly created tokens are immediately listed, allowing seamless buying and selling.
    4. Liquidity and token burn: When a token’s market cap meets specific criteria, SunPump injects liquidity funds into SunSwap and executes a token burn.
    5. Transparency: All transactions are public, allowing users to monitor activity. Additionally, SunPump has introduced a gas fee reduction program to make participation more accessible.

    Fees

    SunPump charges its fees at a very competitive rate for both meme coin creators and traders. SunPump fees are as follows:

    • Trading fee: There is a 1% trading fee on transactions conducted on the SunPump platform.
    • Creation fee: SunPump charges a creation fee of around 20 $TRX for launching a memecoin on the platform.
    • Liquidity fee: When a project reaches 100% of the Bonding Curve, the smart contract will automatically add around 100,000 TRX and 200 million tokens to the SunSwap V2 liquidity pool, deducting about 3,000 TRX as a liquidity addition fee.
    • Deposit/withdrawal fees: SunPump does not charge any additional deposit/withdrawal fees aside from the usual gas fees for blockchain transactions.

    What is the SUN.io ($SUN) token?

    The SUN.io ($SUN) token is the platform’s native token. As a governance token, $SUN grants holders voting rights to influence the platform’s direction, including decisions on upgrades and protocol updates. The $SUN token can also be locked up to earn veSUN rewards. In turn, holding veSUN entitles to multiple rewards such as TUSD rewards, accelerated liquidity pool mining and voting rights to decide the weights of liquidity pools.

    How does SunPump work?

    SunPump’s main features for traders are they they provide a secure and verifiable token contract, with no presale and no team allocation. You can trade on SunPump in 5 simple steps as follows:

    • Explore Meme Coins: Visit the SunPump platform and browse through the available meme coins.
    • Select a Coin: Choose the meme coin that interests you the most.
    • Purchase Tokens: Use the Bonding Curve mechanism on the platform to buy tokens.
    • Trade Tokens: You can sell your tokens at any time to lock in profits or cut losses.
    • Engage with the Community: Participate in community activities to help increase the market value of your chosen meme coin.

    Is SunPump safe?

    SunPump launched just 11 days ago on the Tron network, has already generated over $1 million in revenue. While SunPump itself hasn’t been hacked, remember that investing in highly volatile meme tokens carries risks, so users may want to always be cautious.

    Conclusion: Pros and Cons of SunPump

    SunPump ($SUN) is a world’s first platform on TRON that facilitates the fair launch and trading of meme coins. Here are some of SunPump’s main pros and cons.

    Pros

    1. One-Click Token Generation: Creators can easily create meme coins by providing a token name, symbol, image, and paying a small fee.
    2. No token presale: The benefit of no token presale means the token launch is more fair and allows for wider community participation.
    3. No team allocation: This prevents concentration of pair and ensures a fairer ecosystem. In addition, it means team members are motivated to work for the project’s success without a guaranteed allocation and will only be rewarded on the project’s performance.
    4. Bonding Curve Mechanism: SunPump adjusts prices based on token supply, ensuring fairness and transparency.
    5. Instant Market Access: Newly created tokens are immediately listed for seamless buying and selling.
    6. Transparency: All transactions are public, allowing users to monitor activity.
    7. Gas Fee Reduction Program: SunPump introduced the gas fee reduction program to make participation more accessible.

    Cons

    1. Inherent Risks: Meme coins can be subject to price manipulation and fraudulent activities such as hacks.
    2. Costs: SunPump charges a creation fee for launching meme coins, and there’s a 1% trading fee on transactions.
    3. Space for Improvement: While successful, SunPump may need ongoing enhancements to address challenges. However, SunPump has only recently launched so it’s expected they will continuously improve on their platform.

    Further reading

    Check out our other memecoin platform reviews:

    Four.meme review: Everything you wanted to know

    Learn how to trade memecoins and get an early advantage!

    How to snipe Solana ($SOL) memecoins early