Haze: Analyzing the New Ecology of Digital Asset Trading under the "Fast" Culture
I am Haze from the trading products team, and today I would like to share with you why we created this trading product centered around "speed," as well as its main features and value.
Our product is essentially designed to solve a pain point - speed. When Memecoin transactions become slow on the chain, it creates numerous problems, especially for young people who are enthusiastic about such transactions. They need a product that is fast enough to meet their trading needs.
The Triple Value of Memecoin
Regarding the value of Memecoin, I believe it can be understood from three dimensions:
First is the value of information and asset distribution. Memecoins spread during hot events even faster than traditional news media. For example, after the incident where Trump was shot, tokens related to "Fight" were almost immediately created. Modern Memecoins are more like a means of information distribution, with global hot events often being quickly disseminated and assetized in this way.
Secondly, there is cultural consensus. Many well-known Memecoins carry unique cultural attributes, forming a strong sense of identity and consensus within their communities.
The third is attention monetization. When you can intervene early in popular event-related tokens, and the community begins to spread widely and attract more buyers, there is an opportunity to profit from it.
Behind the Market Explosion
The real explosion of the Memecoin market occurred after the unified issuance standard emerged, which solved the problem of unified asset issuance. Just like the historical unification of measurements, standardization has made the flow of assets and funds efficient. From January 2024 to now, 8.9 million tokens have been issued, which is an unprecedented scale in the history of blockchain.
As one of the largest platforms for Memecoin trading, we were established in May 2023, and by November 2024, our data experienced a significant surge, with current monthly traffic reaching 14 million and approximately 600,000 trades daily.
Next Generation User Profile
The user base of our platform primarily consists of young people, mostly post-2000s, emerging cryptocurrency traders around their twenties. Unlike traditional perceptions, these fresh bloods are not playing with conventional DeFi projects but are focused on the Memecoin sector.
According to our understanding, the user base mainly consists of young people under the age of 30, many of whom have never purchased stocks and directly use cryptocurrency as their first investment. They are not influenced by traditional investment concepts such as Buffett's value investing and tend to pursue high-risk, high-reward trading forms.
These young people generally believe that Bitcoin and Ethereum are too expensive and have insufficient price increases. They are willing to take risks by investing in Memecoins, which reflects a shift in the investment perspective of Generation Z.
Transformation of Investment Concepts
Unlike the post-80s generation, which focuses more on white papers, long-term investments, and technological innovations, the new generation of investors has completely different concerns. Many project teams have found that no one is discussing their white papers anymore; instead, more people are talking about social signals, trend cycles, and community culture.
Traditional on-chain trading methods can no longer meet the needs of new users. They believe that the trading speed is too slow, and they want to acquire early chips more fairly, unwilling to compete with VC and investment institutions. In this context, trading speed has become a key factor.
Solve the "Four Quick" Pain Points
Our products focus on addressing four key pain points:
Quick Discovery - How to Quickly Discover Quality Assets
Quick Decision Making - How to Quickly Make a Buying Decision
Quick Operations - How to operate faster than others
Fast Execution - How to achieve faster buying than others
To this end, we have pioneered the "Chain Scan Three-column" function, which can monitor new assets on the chain in real time and push them to users in seconds, allowing them to receive information instantly, just like scrolling through short videos.
After the discovery of assets, we also addressed the issue of trading decisions. Although on-chain data is publicly transparent, how to transform this data into information that users can understand is crucial. We spent four years developing an on-chain data analysis system, and even achieved integration between on-chain addresses and Twitter, allowing users to know who is behind the address.
Data Transparency and Fair Trading
In 2024, we pioneered the "mouse warehouse" feature, which has been widely popular in the community. Unlike centralized exchanges, on-chain data is transparent, allowing users to clearly see who is operating the mouse warehouse.
We are continuously enriching the data dimensions, labeling features such as "diamond hands" and "paper hands", along with profit and loss analysis and token source tracking, allowing users to clearly understand their position during trading. Experienced users in the community can make decisions by studying on-chain data, just like traditional investors analyze financial reports.
Speed Advantage and User Experience
After extensive user testing and feedback, we have created the "three-point-one-line" operation interface: monitoring addresses on the left, viewing candlestick charts in the middle, and buying and selling on the right. Once familiar, users can develop muscle memory to increase trading speed.
On Solana, our transaction speed has reached 0.58 seconds, nearly 2 seconds faster than traditional wallets. This speed advantage directly translates into chip and price advantages.
Unique Community Culture
Generation Z young people have started to monetize attention economy through our platform, while also forming a unique community language and culture. For example, terms like "pour it to"( sell to you), "cap"( coin price drop), "fix"( confirm token ownership), etc., are all unique languages of the Memecoin community.
Their social behavior has also changed from traditional liking, commenting, and forwarding to discovering token addresses, copying token addresses, and forwarding token addresses.
Profitability and Examples
Indeed, there are people in the community who have made substantial profits through Memecoin trading. We have a detailed tutorial titled "How to Earn from $0 to $10 Million," which documents real on-chain profit cases. In the events related to Trump, some community members made $17 million in two days by leveraging speed, attention, and trend grasping to earn profits.
Platform Value and Ecological Construction
As builders of a public chain, we have also brought multiple values to the entire ecosystem:
Cultivated the most active on-chain trading users
Provides a good product experience
Brought trading liquidity and community culture
Establishing proprietary trading nodes to improve public chain speed
Maintain network security through token staking
Provide data analysis services
Although we made a profit of $60 million on Solana, we staked all of it instead of cashing out, because we are public chain builders who value long-term value.
Although the Memecoin market is currently experiencing a correction, I believe that as long as the hype remains, new assets will continue to emerge. There may not be any particularly high market cap Memecoins, but small Memecoins will keep appearing.
As long as there are hot trends, Memecoins will persist.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Memecoin New Ecosystem: Analyzing the "Fast" Culture of Generation Z Traders and the Transformation of Digital Assets
Haze: Analyzing the New Ecology of Digital Asset Trading under the "Fast" Culture
I am Haze from the trading products team, and today I would like to share with you why we created this trading product centered around "speed," as well as its main features and value.
Our product is essentially designed to solve a pain point - speed. When Memecoin transactions become slow on the chain, it creates numerous problems, especially for young people who are enthusiastic about such transactions. They need a product that is fast enough to meet their trading needs.
The Triple Value of Memecoin
Regarding the value of Memecoin, I believe it can be understood from three dimensions:
First is the value of information and asset distribution. Memecoins spread during hot events even faster than traditional news media. For example, after the incident where Trump was shot, tokens related to "Fight" were almost immediately created. Modern Memecoins are more like a means of information distribution, with global hot events often being quickly disseminated and assetized in this way.
Secondly, there is cultural consensus. Many well-known Memecoins carry unique cultural attributes, forming a strong sense of identity and consensus within their communities.
The third is attention monetization. When you can intervene early in popular event-related tokens, and the community begins to spread widely and attract more buyers, there is an opportunity to profit from it.
Behind the Market Explosion
The real explosion of the Memecoin market occurred after the unified issuance standard emerged, which solved the problem of unified asset issuance. Just like the historical unification of measurements, standardization has made the flow of assets and funds efficient. From January 2024 to now, 8.9 million tokens have been issued, which is an unprecedented scale in the history of blockchain.
As one of the largest platforms for Memecoin trading, we were established in May 2023, and by November 2024, our data experienced a significant surge, with current monthly traffic reaching 14 million and approximately 600,000 trades daily.
Next Generation User Profile
The user base of our platform primarily consists of young people, mostly post-2000s, emerging cryptocurrency traders around their twenties. Unlike traditional perceptions, these fresh bloods are not playing with conventional DeFi projects but are focused on the Memecoin sector.
According to our understanding, the user base mainly consists of young people under the age of 30, many of whom have never purchased stocks and directly use cryptocurrency as their first investment. They are not influenced by traditional investment concepts such as Buffett's value investing and tend to pursue high-risk, high-reward trading forms.
These young people generally believe that Bitcoin and Ethereum are too expensive and have insufficient price increases. They are willing to take risks by investing in Memecoins, which reflects a shift in the investment perspective of Generation Z.
Transformation of Investment Concepts
Unlike the post-80s generation, which focuses more on white papers, long-term investments, and technological innovations, the new generation of investors has completely different concerns. Many project teams have found that no one is discussing their white papers anymore; instead, more people are talking about social signals, trend cycles, and community culture.
Traditional on-chain trading methods can no longer meet the needs of new users. They believe that the trading speed is too slow, and they want to acquire early chips more fairly, unwilling to compete with VC and investment institutions. In this context, trading speed has become a key factor.
Solve the "Four Quick" Pain Points
Our products focus on addressing four key pain points:
To this end, we have pioneered the "Chain Scan Three-column" function, which can monitor new assets on the chain in real time and push them to users in seconds, allowing them to receive information instantly, just like scrolling through short videos.
After the discovery of assets, we also addressed the issue of trading decisions. Although on-chain data is publicly transparent, how to transform this data into information that users can understand is crucial. We spent four years developing an on-chain data analysis system, and even achieved integration between on-chain addresses and Twitter, allowing users to know who is behind the address.
Data Transparency and Fair Trading
In 2024, we pioneered the "mouse warehouse" feature, which has been widely popular in the community. Unlike centralized exchanges, on-chain data is transparent, allowing users to clearly see who is operating the mouse warehouse.
We are continuously enriching the data dimensions, labeling features such as "diamond hands" and "paper hands", along with profit and loss analysis and token source tracking, allowing users to clearly understand their position during trading. Experienced users in the community can make decisions by studying on-chain data, just like traditional investors analyze financial reports.
Speed Advantage and User Experience
After extensive user testing and feedback, we have created the "three-point-one-line" operation interface: monitoring addresses on the left, viewing candlestick charts in the middle, and buying and selling on the right. Once familiar, users can develop muscle memory to increase trading speed.
On Solana, our transaction speed has reached 0.58 seconds, nearly 2 seconds faster than traditional wallets. This speed advantage directly translates into chip and price advantages.
Unique Community Culture
Generation Z young people have started to monetize attention economy through our platform, while also forming a unique community language and culture. For example, terms like "pour it to"( sell to you), "cap"( coin price drop), "fix"( confirm token ownership), etc., are all unique languages of the Memecoin community.
Their social behavior has also changed from traditional liking, commenting, and forwarding to discovering token addresses, copying token addresses, and forwarding token addresses.
Profitability and Examples
Indeed, there are people in the community who have made substantial profits through Memecoin trading. We have a detailed tutorial titled "How to Earn from $0 to $10 Million," which documents real on-chain profit cases. In the events related to Trump, some community members made $17 million in two days by leveraging speed, attention, and trend grasping to earn profits.
Platform Value and Ecological Construction
As builders of a public chain, we have also brought multiple values to the entire ecosystem:
Although we made a profit of $60 million on Solana, we staked all of it instead of cashing out, because we are public chain builders who value long-term value.
Although the Memecoin market is currently experiencing a correction, I believe that as long as the hype remains, new assets will continue to emerge. There may not be any particularly high market cap Memecoins, but small Memecoins will keep appearing.
As long as there are hot trends, Memecoins will persist.