(May 19th) data shows that the difficulty of Bitcoin mining ushered in the adjustment of mining difficulty at block height 790272, and the mining difficulty increased by 3.22% to 49.55 T. At present, the average computing power of the entire network is 364.29EH/s. Bitcoin difficulty is an important parameter to measure the difficulty of mining blocks on the Bitcoin blockchain. It will be automatically adjusted according to changes in the computing power in the Bitcoin network to ensure that the block production in the Bitcoin network The output speed is stable at about every 10 minutes. Recently, the difficulty of Bitcoin has continued to increase, reaching a record high. This news has also attracted widespread attention in the market.

It is true that the upward adjustment of Bitcoin difficulty means that the calculation difficulty in the Bitcoin network has increased, and more computing power is required to generate new Bitcoins. For miners, this means that mining becomes more difficult and more expensive. Therefore, an increase in the difficulty of Bitcoin may result in lower profits for miners. However, when the difficulty of mining is high or continues to rise, it indicates that more mining machines are put into operation, the market is full of confidence, and the entire mining industry is recovering.

In the current market environment, mining revenue is affected by various factors, such as mining difficulty, network computing power, electricity costs, and the market price of Bitcoin and other digital currencies. Therefore, for miners who want to enter mining, it is necessary to comprehensively consider these factors to determine the best entry time and mining strategy.

The mining industry is also constantly evolving and changing. With the advancement of technology and market competition, the mining industry will gradually mature. Mining revenue will gradually decrease, mining costs will gradually increase, and the mining industry will become increasingly difficult to make a profit. However, the current mining industry is still far from a mature market, and there are still many opportunities and profit margins. At present, the mining industry is still far from a mature market, and it is still profitable.

Citex Exchange deploys mining farms all over the world. Under the background of the ever-changing digital currency market, Citex Exchange will continue to adhere to the professional, safe, efficient, and convenient service concept, and continue to introduce more useful products and services for global users. Provide a better digital currency trading experience. At the same time, Citex Exchange will also continue to strengthen cooperation with world-renowned digital currency mines and companies, continuously improve the technology and capabilities of digital currency mining, and provide global users with richer and more diverse digital currency mining services.

The above information is compiled by the CITEX content group, which is for learning and exchange purposes only, and does not constitute investment advice. For more information, please pay attention to the follow-up content. As the world’s No. 1 mining exchange, CITEX always puts users’ interests first and is committed to providing safe, transparent, open and efficient digital asset services. In the future, CITEX will continue to be oriented by the market and user needs, with multiple depths and multiple innovations, to launch more high-quality products, and to provide users with more investment opportunities and satisfactory services.

The currency circle has always pursued the investment creed of “speculating coins in a bull market and mining in a bear market”. During the bull market period, the price of cryptocurrency fluctuates frequently and in a large range, so there are more arbitrage opportunities, and short-term speculators also have higher profit opportunities; while in the bear market period, the price fluctuation range of cryptocurrency is small, and the arbitrage opportunities are not large. Therefore, people are more inclined to hold cryptocurrencies through long-term mining, waiting for the arrival of the next bull market.

Although there is a certain logical basis for the view of “coin speculation in the bull market, mining in the bear market”, in fact, not many people actually make profits. regret but too late. Indeed, many investors in a bull market are affected by market sentiment, so they are prone to blindly follow suit and impulsive trading. In contrast, in a bear market, investors need to think more rationally about investment strategies to avoid wrong decisions. Therefore, a bear market is a test of investment thinking. Like many emerging things, digital currency also needs to go through several rounds of baptism and transformation before it can mature. However, the overall prospects of the blockchain and digital currency have not changed. As a miner, you should realize that the temporary decline is just a process of eliminating the false and preserving the true. Just like the darkness before dawn, as long as you survive it, you will usher in a bright future. Therefore, for ordinary people with insufficient knowledge, mining is still the best way to invest in a bear market.
Since it is regulated by the algorithm and protocol of the digital currency itself, rather than being affected by market fluctuations, the investment risk of mining is low. Therefore, compared with other investment methods, such as stocks, funds, etc., the return on investment of mining is relatively stable. The return on investment of mining can last for a period of time or even longer, without the need for constant buying, selling and transferring like other investment methods. For those investors who want long-term stable investment, mining is one of the best investment methods. Therefore, mining it has higher security, stability and sustainability, and can also obtain a higher return on investment. “It is best to plant a tree 10 years ago, followed by now.” For miners, no matter when you want to mine, as long as you start digging now, it is not too late.

Mining methods are generally divided into mining machines, joint mining and cloud computing power mining. In theory, the former two require a large amount of funds, a high cognitive threshold, and require professional knowledge of operation and maintenance and mining. Knowledge is not conducive to the participation of ordinary investors, but it can be avoided through mining machine leasing and hosting in real life. In terms of cloud computing power investment, both the cognitive threshold and the amount of funds required are relatively low, which is very suitable for ordinary investors, which is one of the reasons why the cloud computing power market is booming. As a well-known digital asset trading platform, the global mining farm under Citex provides users with a wealth of mining services, including cloud computing power sales, mining machine leasing, mining machine sales, and hosting services. Compared with traditional mining methods, Citex’s mining services have lower cognition and capital thresholds, which are very suitable for ordinary investors to participate.

Finally, the author would like to say something more: digital currency is a market where sensibility is greater than rationality. Smart investing often requires more rational thinking and emotional control. As a miner, you should keep calm when the market sentiment overreacts, and conduct fundamental analysis in order to obtain higher returns. Whoever can grasp emotions and surpass emotions is more likely to save himself in a bear market. When everyone else shuts down the mining machine because the income is too low, you have the opportunity to obtain more chips, and when the currency price recovers, you can obtain considerable income.

The above information is compiled by the CITEX content group, which is for learning and exchange purposes only, and does not constitute investment advice. For more information, please pay attention to the follow-up content. As the world’s No. 1 mining exchange, CITEX always puts users’ interests first and is committed to providing safe, transparent, open and efficient digital asset services. In the future, CITEX will continue to be oriented by the market and user needs, with multiple depths and multiple innovations, to launch more high-quality products, and to provide users with more investment opportunities and satisfactory services.

ID LABS signed a contract with Country Garden Country Garden Golden Bay to jointly develop green ecological real estate and create a digital community. This cooperation will inject new vitality into the real estate market, create a WEB3.0 digital community, and will also promote the application and development of blockchain technology in the real estate field.

Space ID is a Web3.0 identity network that facilitates the acquisition and management of domain names through blockchain technology. The ID Labs ecosystem is an ecosystem based on Space ID, which aims to provide users with more comprehensive and diversified services. Through the ID Labs ecosystem, users can perform operations such as digital asset management, trading, and investment, and at the same time participate in various community activities to obtain more rewards and benefits. Country Garden Golden Bay is a well-known real estate developer, and it also has a certain amount of accumulation and experience in green and ecological real estate.

In this cooperation, the two parties will jointly develop green ecological real estate projects and create digital communities under the environment of WEB3.0 communication coverage. Among them, blockchain technology will be applied to real estate transactions, digital identity authentication, smart contracts, etc., thereby improving the security and credibility of real estate transactions. At the same time, the construction of digital communities will also provide residents with a more convenient and intelligent lifestyle.

It is reported that the development of the project will adopt the green building standards of Country Garden Golden Bay, pay attention to environmental protection, energy saving, health and other aspects, and create a green ecological community in the true sense. At the same time, ID LABS will provide blockchain technology support for the project, so as to achieve the goals of decentralization and transparency of real estate transactions.

Recently, Free People Dao officially announced that it will launch its second ecosystem, which is committed to creating a more open, transparent, secure and scalable blockchain ecosystem, and providing a new generation of digital asset trading methods for the blockchain industry. The second ecology of Free People Dao will become a comprehensive support center for global digital asset transactions and related technologies.

The core of the ecosystem is a governance model based on contribution, which allows a mechanism similar to DAO organization distribution to motivate traders and contributors to participate in network governance. The second ecology of Free people Dao also adopts a decentralized network. At the same time, the ecosystem also provides comprehensive digital asset management and asset robustness supervision to ensure the security and compliance of digital assets.

A member of the DAO from the Free people Dao community said: “We are very proud that Free people Dao can launch the second ecology. The governance rules of the second ecology will become the leader of the global digital asset trading industry and will inject new energy into the development of the blockchain field.” With new vitality, I hope that Free people Dao will make the second ecology of Free people Dao a benchmark in the digital asset trading ecosystem through brand-new governance and technical means.”

The second ecology of Free People Dao has received extensive attention and support from global partners and supporters. Next, Free People Dao will continue to invest more resources and energy to promote the development and improvement of its second ecology, and continue to Improve its digital asset trading ecosystem to better serve global digital asset traders and holders.

ID LABS signed a contract with Country Garden Country Garden Golden Bay to jointly develop green ecological real estate and create a digital community. This cooperation will inject new vitality into the real estate market, create a WEB3.0 digital community, and will also promote the application and development of blockchain technology in the real estate field.

Space ID is a Web3.0 identity network that facilitates the acquisition and management of domain names through blockchain technology. The ID Labs ecosystem is an ecosystem based on Space ID, which aims to provide users with more comprehensive and diversified services. Through the ID Labs ecosystem, users can perform operations such as digital asset management, trading, and investment, and at the same time participate in various community activities to obtain more rewards and benefits. Country Garden Golden Bay is a well-known real estate developer, and it also has a certain amount of accumulation and experience in green and ecological real estate.

In this cooperation, the two parties will jointly develop green ecological real estate projects and create digital communities under the environment of WEB3.0 communication coverage. Among them, blockchain technology will be applied to real estate transactions, digital identity authentication, smart contracts, etc., thereby improving the security and credibility of real estate transactions. At the same time, the construction of digital communities will also provide residents with a more convenient and intelligent lifestyle.

It is reported that the development of the project will adopt the green building standards of Country Garden Golden Bay, pay attention to environmental protection, energy saving, health and other aspects, and create a green ecological community in the true sense. At the same time, ID LABS will provide blockchain technology support for the project, so as to achieve the goals of decentralization and transparency of real estate transactions.

On May 15th, the “Layer2-The Future 2023 Thailand Web3 Global Summit” hosted by L2FINANCE ended successfully in Thailand. This event invites developers and investors from many countries and regions to participate in an in-depth discussion on Layer2 trends, Arbitrum attributes, infrastructure, basic applications, L1/L2 ecology, games and social networking, as well as cutting-edge exploration, for all Web3 consensus Bring a top audio-visual feast.

Based on the latest trends of Web3, this summit will discuss in-depth the innovation opportunities of new Web3 trends, the future of L2FINANCE ecological development and the frontier topics of Web3 track such as public chain, DAO, AIGC, DID, NFT ecology, Gamefi and Metaverse, and explore the changing situation of Web3 era The following development path, and build an international, high-end, professional platform for people in the industry to learn, communicate and socialize.

The successful conclusion of the Web3 Summit in Thailand is another step taken by the L2FINANCE team in promoting Layer 2, the financial derivatives market on the chain, and global brand influence. Next, the L2FINANCE team will have a series of new actions in terms of ecological layout and business expansion. These include opening a multi-chain ecological layout, increasing channels to allow more non-ARB chain players to participate in L2FINANCE’s LAYER2 chain financial experience, and developing a Layer2-based lending agreement, based on the advantages of Layer2 and providing derivatives markets through the lending agreement. More flexible mobility. In addition, the L2FINANCE team plans to hold summits or roadshows around the world this year, aiming to promote the development of the industry, popularize the technology of the Layer2 chain, and allow more users around the world to experience the advantages of the Layer2 chain and the derivatives market.

The following is the content of the main agenda of this summit:

At the beginning of the conference, L2FINANCE CMO Benjamin Davis gave an opening speech for the grand opening of the summit. He said that the rise of the Web3 digital economy is opening up a new future for mankind, and L2FINANCE, as the leader of the Web3 era, is leading the new development of the digital economy. trend. At the end of his speech, Mr. Benjamin Davis once again thanked all the Web3 evangelists from all over the world who participated in the conference, and also congratulated the convening of this summit.

Subsequently, L2FINANCE training consultant Leo shared a keynote speech on “Interpreting Future Wealth Trends”, and analyzed the current future wealth trends in a simple and forward-looking manner.

Immediately afterwards, L2FINANCE training consultant Jasmine shared a keynote speech on “The Value and Future of the Ethereum Layer 2 Network”. He said that Layer 2, as an emerging industry track, not only brought an innovative development path, but also brought us a brand new opportunity market.

Later, L2FINANCE financial planner MAX shared the topic of “L2FINANCE Business Logic and Mechanism Charm”. L2FINANCE is the first one-stop service platform for the financial derivatives market based on Layer2 technology deployed on the Arbitrum chain. It focuses on six derivatives on the chain, including synthetic assets, options, prediction markets, perpetual contracts, insurance and interest rates.

Subsequently, the blockchain architect shared the keynote speech of “L2FINANCE Starlink Project”. The innovative development path and rich incentive mechanism of the Starlink project attracted the attention of all the participants present. It is believed that with the official launch of the Starlink project, the L2FINANCE financial ecology will allow more long-tail investors to participate in the dividends of the development of the derivatives market on the chain.

The last important part of this summit – the launching ceremony, was jointly opened by L2FINANCE CMO Benjamin Davis, Mr. Zuo from Longteng Community, Mr. Li from Ganrong Community, Mr. Tian from Lianhe Community, Mr. Yang and Mr. Zhai from Qidian Community. With the countdown by the host and the warm applause from the audience, L2FINANCE is officially launched! The L2FINANCE ecology also hit another milestone moment!

In the evening, with the wonderful congratulatory speech from the host, the L2FINANCE Thailand Consensus Night officially kicked off.

At the beginning of the dinner, there was a local Thai ladyboy show.

What followed was the toast session, where Mr. Benjamin Davis, CMO of L2FINANCE, delivered a toast. Benjamin Davis extended a warm welcome to everyone.

The most exciting part of this dinner was the surprise lucky draw. A total of five lucky people won an iPhone 14.

One night in Thailand, L2FINANCE Thailand Consensus Night drew a perfect end to this consensus feast.

This consensus party was evaluated by many guests as the best party in the Web3 series of activities. In addition to the excellent food, the spirit of consensus that L2FINANCE wants to convey through this dinner is the most unforgettable for everyone.

The hype boom of Ordinals NFT and BRC-20 has made Bitcoin miners earn a lot of profits, and many netizens have ridiculed the miners’ mouths to laugh crookedly. In fact, the income of Bitcoin miners mainly comes from two aspects, namely the block reward and transaction fees for each block. At present, the bitcoin reward generated by each block is 6.25BTC, and the transaction fee is the handling fee required for packaging transactions, which varies according to network conditions and user settings.

Bitcoin transaction fees continue to climb due to the onslaught of BRC-20 and Ordinals NFT hype. According to the data analysis on the chain, since May 1, the average fee per transaction of Bitcoin has risen sharply, from the initial 2U to the current 20U. Therefore, the income of miners continues to increase. Before that, the average Bitcoin output reward per block was only about 0.19 BTC. Now, from May 1, the transaction fee for each block of Bitcoin miners The income exceeded 1$BTC and continued to rise. In a few hours on the morning of the 8th, the transaction fee income of some blocks was even as high as 6$BTC, and some even exceeded the block reward itself.

It is unknown whether the popularity of BRC-20 can continue, but at this moment Bitcoin miners are indeed earning a lot of money. According to incomplete statistics: from May 1st to 8th, in the past week, the total income of miners ( Block reward + transaction fee) reached 8100 BTC. As we all know, mining has always been a high-profit upstream industry in the currency circle. Therefore, at the moment when the Bitcoin halving is coming, investors and investors who want to seize the last wave of mining dividends can consciously The layout for mining.

Shareholders of CITEX have a long-term strategic vision on mining. It is understood that the shareholders of CITEX began to participate in Bitcoin mining as early as around 2014, and gradually expanded the scale of their mines on this basis, involving business cloud computing power sales, mining machine leasing, mining machine sales and hosting and other multiple mining services, and now has formed a complete one-stop service chain of procurement, custody, operation and maintenance, and repair. Not only that, CITEX GLobal has also launched the SuperData mining brand, which has globally deployed mines in Kazakhstan, North America, Angola and other places, built a mining business service system, and deeply participated in the mining layout. At present, the shareholders of CITEX have deployed more than 20 bitcoin mining farms around the world, providing the company with a stable source of cryptocurrency output and income.

Mining is a process that requires a lot of computing resources and energy input, and the reason why CITEX shareholders can make achievements in this field is not only due to its early layout and investment, but also to its technology and market In-depth research and insights. In addition, as a company focusing on cryptocurrency trading, CITEX can better grasp market opportunities and trends, and continue to provide investors with more stable investment methods.

The above information is compiled by the CITEX content group, which is for learning and exchange purposes only, and does not constitute investment advice. For more information, please pay attention to the follow-up content. As the world’s No. 1 mining exchange, CITEX always puts users’ interests first and is committed to providing safe, transparent, open and efficient digital asset services. In the future, CITEX will continue to be oriented by the market and user needs, with multiple depths and multiple innovations, to launch more high-quality products, and to provide users with more investment opportunities and satisfactory services.

BRC-20 led to a surge in Gas Fees, and many transactions were put on hold. Due to the huge number of withdrawal transactions and the surge in handling fees, Binance suspended Bitcoin withdrawals twice within a day. On May 8, the Bitcoin network stopped producing blocks for an hour due to congestion, and the gas fee for each transaction on the chain once reached a maximum of $30. What exactly is this Brc-20, which brought down Binance twice by itself? This story has to start from the beginning.

On December 20, 2022, Casey Rodarmor created the new concepts of Bitcoin Ordinals and Inscriptions (ordinals and inscriptions). Ordinals is a way to put NFT on the Bitcoin chain. This agreement caused a sensation and drove the Bitcoin ecosystem Activity rose rapidly. Immediately afterwards, NFT giant YUGA LABS settled in BTC NFT and announced that it would use the Ordianals protocol to release the TwelveFold series of NFTs. Top IRL brands such as Bugatti also decided to issue NFT series through the Ordinals protocol. This news further promoted the popularity of the Bitcoin ecosystem again. grow rapidly.

After BTC NFT received widespread attention, Twitter user @domodata started an experiment on the issuance of homogeneous tokens on BTC based on the Ordinals protocol, called Brc-20 (currently only an experimental fungible token standard, the token itself has no what value). The proposer of the Brc 20 protocol used this protocol to issue the first coin ORDI, with a total of 21 million. The war is imminent, and more and more BRC 20 tokens appear on the chain, such as MEME, PEPE, etc. The wealth creation myth of PEPE coin pushed the market sentiment to the peak. The market sentiment was extremely FoMo, and leeks swarmed up. After a few weeks, the popularity of Brc-20 remained high.

Again, what the encryption market lacks most is not funds, but stories. Whether Brc-20 can grow into a mature narrative is still unknown, but it is undeniable that Brc-20 is indeed a new opportunity for the encryption market. Of course, there are still some problems and challenges in Brc-20, but the development and improvement of technology is never achieved overnight, but a long process, which requires us to explore more application scenarios and solutions. Under the future development trend, it is believed that the Brc-20 protocol and other related technologies will continue to be improved and optimized, injecting new impetus and vitality into the development of the encryption market.

The above information is compiled by the CITEX content group, which is for learning and exchange purposes only, and does not constitute investment advice. For more information, please pay attention to the follow-up content. As the world’s No. 1 mining exchange, CITEX always puts users’ interests first and is committed to providing safe, transparent, open and efficient digital asset services. In the future, CITEX will continue to be oriented by the market and user needs, with multiple depths and multiple innovations, to launch more high-quality products, and to provide users with more investment opportunities and satisfactory services.

“With the Thai government providing more positive policies for the development of the crypto industry and Web3.0, Thailand has become one of the most promising regions for Web3.0 development, attracting more practitioners and enthusiasts in the crypto industry from around the world to gather in Bangkok.”

Hosted by CITEX Exchange and organized by Meta Media, and co-hosted by UnionPay, Noah’s Ark, and Taikula projects, the “CITEX Bangkok DAO Crypto Party” was successfully held on May 13, 2023 in Bangkok, Thailand. This event attracted crypto industry enthusiasts and practitioners from China the United States, Switzerland, Hungary, Vietnam, Malaysia, Thailand, and other regions, providing a good resource connection bridge for crypto industry enthusiasts and Web3.0 entrepreneurs around the world and helping more crypto projects integrate into the Thailand market.

At the event, CITEX Global founder William shared CITEX’s strategic layout and development plan. Founded in 2018, CITEX’s main business modules are distributed in the exchange business, mining field, and project incubation. At the same time, CITEX has participated in the construction of local DAOs in Korea, Thailand, Vietnam, and other regions, making efforts to better integrate into local markets. In the future, CITEX will continue to improve its brand, continue to expand its global development route, and strengthen its underlying technology security architecture to provide a solid foundation for CITEX’s development.

This event invited institutions and relevant responsible persons such as Near, Conflux, Cointime,feixiaohao,Blockbeats,Ethereumfail,KOCODAO,7o’clockCapital,ChainCatacher, PlugChain,ChainTimes,etc.to participate.

Bangkok DAO is a crypto and Web3.0 DAO organization initiated by Meta Media founder Ken, CITEX Exchange as a co-founder, aiming to provide a stable resource connection and communication platform for industry practitioners. Bangkok DAO adheres to an open and inclusive attitude, welcoming more Web3.0 enthusiasts and practitioners to participate in promoting the construction of Bangkok DAO and development of the industry.

Thanks for the sponsorship and support of UnionPay, Noah’s Ark, and Taikula projects.

UnionPay is jointly initiated by precious metal investment alliance institutions (focusing on global precious metal trading markets and processing sales) and top blockchain technology teams. Anchoring the silver standard empowers the substantial value and ecological space of USBT to create a digital economic system for the banking industry.

Gather all industries to promote economic benefits and people’s livelihoods, and promote freedom!

Noah’s Ark is a Web3.0 metaverse ecological platform driven by AI artificial intelligence technology. It participates in and invests in virtual worlds and blockchain games based on non-homogeneous tokens (NFT) in the form of a DAO decentralized organization. Share and added value. Where users can create, connect, socialize, explore and play like never before, becoming their own heroes.

On the Noah’s Ark platform, any brand from the traditional world or the encrypted world can seamlessly integrate and establish their portal in the Noah’s Ark world through Noah’s Ark’s original artificial intelligence engine, achieving a rapid spiral from 1 to 100 , creating a new paradigm

Taikula is tired of watching everyone play hot potato with the endless derivative Shiba,Cum,GME,lon,Kishu,Turbo,Ass,Moon,Inu coins. The Inu’s have had their day. It’s time for the most recognizable meme in the world to take his reign as king of the memes. Taikula is here to make memecoins great again. Launched stealth with no presale, zero taxes, LP burnt and contract renounced, $Taikula is a coin for the people, forever. Fueled by pure memetic power, let $Taikula show you the way

Decentralized Exchanges (DEXs) form a crucial part of the innovation brought by blockchain technology, providing a trustless, intermediary-free trading environment. Within this increasingly crowded market, Hermes, dydx, and Uniswap each have unique advantages.

Uniswap, one of the earliest Automatic Market Makers (AMM) DEXs, pioneered decentralized trading with its simplicity and openness. It enables anyone to create new trading pairs, providing a convenient way for project teams to list tokens. However, this openness also leads to an influx of dubious tokens and associated risks. Moreover, due to its fixed x*y=k formula, Uniswap users are subject to significant impermanent losses.

On the other hand, dydx represents a new approach as a decentralized derivatives trading platform based on Ethereum. It allows users to trade perpetual contracts, a type of financial contract with no expiry date, leveraging investments to increase returns. This complex trading method, however, may not be suitable for all users, particularly beginners.

Hermes, as a new generation DEX, combines Uniswap’s user-friendliness with dydx’s financial innovation. It provides services such as asset swapping, liquidity mining, and a Launchpad, while also offering Lottery and NFT Market functions to enrich the trading experience for users.

In terms of liquidity, Hermes adopts a unique DMM+LMM model, allowing institutional market makers to leverage retail users’ funds for market-making by providing collateral, thus achieving higher returns while also protecting the retail users’ funds.

Furthermore, Hermes excels in terms of impermanent loss and transaction fees compared to Uniswap and dydx. Its low impermanent loss and low transaction fees make Hermes a preferred choice for users.

Overall, while Hermes, dydx, and Uniswap each have their strengths, Hermes’s diversified services, optimized liquidity management, and low transaction fees make it stand out in this competitive market.

In terms of security, all three platforms place a high priority on protecting user funds, but Hermes’s institutional market-making model offers an additional layer of safety. In this model, should there be any loss during market-making, institutional market makers will bear all losses. This provides a secure way for retail users to participate in market-making without incurring unmanageable risks.

From a user experience perspective, Hermes focuses on offering a diverse range of functions. Beyond basic asset swapping and liquidity mining, it provides Lottery, NFT Market, and trading battles, offering users more interactive and engaging ways to participate, thus enhancing the trading experience.

In terms of trade depth, Hermes leverages its advantage of shared trade depth with major global exchanges to offer better liquidity and an optimal trading experience, clearly outperforming dydx and Uniswap’s single liquidity pool approach.

In terms of future prospects, Hermes’s DMM and LMM models, along with its comprehensive functions and services, provide vast room for growth within the DeFi ecosystem. Furthermore, Hermes’s low transaction fees and low impermanent loss make it attractive to all types of users, whether they are beginners or experienced traders.

In conclusion, while Hermes, dydx, and Uniswap each offer unique features within the DEX market, Hermes’s distinctive advantages make it particularly compelling in comparison. Whether you’re a conservative user seeking stable returns or an active user adept at seizing opportunities, Hermes can cater to your needs. In the long run, the innovation and optimization that Hermes brings could potentially drive the development of the entire DEX market.