Uniswap Foundation will set DUNI as a legally incorporated entity of Uniswap Governance through the state of Wyoming. It aims to offer formal credibility, best capabilities, and protections of the participants and still maintain decentralization. Wyoming Legal Framework to Fortify Uniswap’s Governance Operations The Uniswap blog post revealed that DUNI will run under Wyoming’s Decentralized
In comparison, Ethereum (ETH)generated 46.28 million in fees in February, with 7.49 million as of March 7. While these numbers suggest Solana is ahead, Michael Nadeau, the founder of The DeFi Report, claims this comparison may be misleading.
Although Nadeau acknowledges Solana’s impressive growth, he cautions that it might be less organic than it seems.
“But if you look under the hood, it looks like a house of cards,” he wrote.
According to Nadeau, over the past 30 days, 17.31% of addresses have contributed to 95% of the total fees generated on Ethereum. For Solana, the figure is strikingly small, only 1.26%.
Nadeau added that Wintermute, a prominent market-making firm, is the primary driver behind this fee generation. The rest of the fee is attributed to bots.
He claimed that these wallets drive the network’s activity through practices such as sandwich attacks and pumping meme coins. This often comes at the expense of retail investors.
For context, a sandwich attack is a front-running strategy in which an attacker exploits large trades. The attacker buys the asset before the large trade, anticipating a price increase, and sells afterward, profiting from the price movement while negatively impacting the original trader.
Nadeau cautioned that the reliance on a small subset of users for fee generation creates vulnerabilities. If retail traders become aware of the extent of bot-driven manipulation, they may withdraw from the ecosystem. This, in turn, could significantly impact Solana’s revenue projections.
“Nothing against Solana. Massive comeback story. But my sense tells me another period of “chewing glass” is yet to come,” he concluded.
Solana’s speed and cost efficiency have made it a favorite among developers and traders. However, this concentration of fees has raised concerns among market analysts.
“When 95% of fees come from 1.26% of users, it’s less “decentralized finance” and more “exclusive finance,” Superchargd co-founder wrote on X.
Another user also warned that Solana may not thrive well as the industry matures and free market forces fully take effect.
“Solana doesn’t have a future; it’s a Ponzi scheme designed for grifting,” he said.
“Solana is a complete house of cards built on wash trading bots and centralized control,” a user remarked.
He also emphasized that validators profiting from failed transactions and the rise of Solana meme coins have harmed the space.
The criticism comes just after financial giant Franklin Templeton predicted in a report that Solana’s DeFi ecosystem could rival—and even surpass—Ethereum’s market valuation. The firm highlighted Solana’s scalability, low fees, and surging user activity as key factors driving its potential.
Amid the mounting criticism, Solana faces a pivotal moment. While its technological advancements and cost-efficiency have earned it a loyal following, its centralized fee-generation model and reliance on market manipulation tactics could pose significant risks to its future. How Solana adapts to these concerns will determine whether it can sustain its growth or struggle to maintain relevance.
In a significant leap for its global expansion strategy, Hyra Network actively co-hosted VC Connect, a premier investor gathering during TOKEN2049 Dubai, and showcased its latest decentralized AI innovations at GITEX Asia Singapore – two of the most influential tech stages this April.
Hyra Network Captures Investor Spotlight at VC Connect, TOKEN2049 Dubai
During TOKEN2049 Dubai, one of the world’s largest gatherings of Web3 and blockchain leaders, Hyra Network took center stage as a Diamond Sponsor and co-host of VC Connect, an exclusive investment-focused event.
Mr. Gerard, Co-Founder of Hyra Network, played a key role in co-hosting successful VC Connect Dubai.
Held alongside TOKEN2049, VC Connect brought together over 40 top-tier venture capital firms from across the globe, including both traditional powerhouses and emerging blockchain-focused funds.
Hyra Network’s team actively participated in a series of direct pitch sessions, strategic networking meetings, and private investment roundtables, showcasing its decentralized AI infrastructure platform designed to power the next generation of AI applications through community-driven edge computing.
With TOKEN2049 attracting over 10,000 attendees, including founders, investors, developers, and policymakers, the exposure placed Hyra Network firmly within a global spotlight – opening doors to potential partnerships, investments, and strategic collaborations.
TOKEN2049 Dubai, hosted just before the F1 Grand Prix weekend, is widely regarded as a key platform where the future of blockchain, AI, and decentralized technologies are shaped. Hyra Network’s presence underlined its ambition to be a major player in the rapidly evolving decentralized physical infrastructure (DePIN) and AI ecosystem.
Shapes the Next Digital Economy Frontier at GITEX Asia
In addition to Dubai, Hyra Network continued its momentum by participating in GITEX Asia Singapore, part of the legendary GITEX Global series – one of the world’s largest and most influential tech events.
The inaugural edition of GITEX Asia drew tens of thousands of tech executives from 110 countries, hosting over 700 tech companies and spotlighting breakthroughs in AI, blockchain, IoT, and digital infrastructure.
At GITEX Asia, Hyra Network engaged with global innovators, top enterprises, and policy leaders, demonstrating how its Smart Data Economy and decentralized AI platform empower individuals and enterprises to contribute and earn from AI development directly through their devices. Participation at GITEX also included Hyra’s involvement in cross-industry forums, startup innovation showcases, and executive networking sessions with Fortune 500 companies and emerging tech leaders.
Hyra Network – Networking with Top 500 fortune globally at GITEX 2025
The event’s broader significance was underscored by GITEX’s announcement of an ambitious plan to expand further into Southeast Asia, positioning Singapore – and soon Vietnam – as key hubs for the digital economy. Hyra Network’s visibility at GITEX Asia Singapore helped cement its positioning within the region’s next major technology growth phase.
From Vision to Reality: The Story Behind Hyra Network
Hyra Network is the world’s first decentralized AI infrastructure platform designed to unlock the full potential of edge computing. Emerging from a highly successful trial phase with over 2 million users across 200+ countries, Hyra Network is spearheading a new era of decentralized AI by tapping into over 10 billion idle IoT devices worldwide – delivering a future where AI is scalable, affordable, and accessible for individuals and enterprises alike.
As a core brand of Hyra Tek, a technology pioneer reshaping the digital future, Hyra Network inherits a deep foundation in Blockchain Layer-3, AI & Big Data, IoT & Automation, Cloud Computing, and Edge Computing. The parent company integrates three core technologies – blockchain for security and transparency, edge computing for real-time data processing, and federated learning to protect privacy while enabling decentralized machine learning. By combining technological excellence with a bold vision, Hyra Tek is laying a strong foundation for a more accessible, secure, and resilient digital future.
Together, Hyra Network and Hyra Tek are breaking barriers, unlocking limitless opportunities, and leading the global shift into a decentralized, AI-driven digital economy.
The post From Dubai to Singapore: Hyra Network Powers New Frontiers in Decentralized AI and Strategic Growth appeared first on Coinpedia Fintech News
In a significant leap for its global expansion strategy, Hyra Network actively co-hosted VC Connect, a premier investor gathering during TOKEN2049 Dubai, and showcased its latest decentralized AI innovations at GITEX Asia Singapore – two of the most influential tech stages this April. Hyra Network Captures Investor Spotlight at VC Connect, TOKEN2049 Dubai During TOKEN2049 …
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