Token Burn

As a Web3 developer, I encountered a huge challenge last week. My boss suddenly asked me to complete a comparative report on the ecological data of the three blockchains: Canto, Kujira, and Sei within three days. Faced with this task, I felt very tricky because I am not familiar with these chains. On the first day, I encountered numerous obstacles in environment configuration. The Canto node encountered an error during synchronization, the English documentation for Kujira was baffling, and the Sei testnet RPC was completely unreachable. At 2 AM, I was still in the office, feeling an unprecedented sense of frustration. Just when I was about to give up, I discovered a tool called Chainbase. This discovery changed everything. Through Chainbase, I easily accessed the TVL data of Canto's DeFi protocol, real-time information on Kujira's liquidation events, and the transaction sorting data of Sei. Even more surprisingly, it also offers a one-click data dashboard generation feature, allowing me to quickly create visual reports that meet my requirements. With the help of this powerful tool, I completed a workload that originally required three days in just one night. This experience made me deeply realize the importance of making good use of tools in the Web3 development field. When faced with complex on-chain data analysis tasks, finding the right tools can greatly improve work efficiency and avoid unnecessary troubles. This experience also made me reflect that in the rapidly evolving Web3 world, we need to continuously learn and adapt to new tools and technologies. As developers, maintaining an open mindset and being good at discovering and utilizing effective resources will allow us to go further in this challenging field.

Ethereum has recently experienced a slight pullback on the daily chart, but the overall long positions pattern remains solid. Although the MACD golden cross pattern has not fully recovered, the market still maintains a strong momentum. On the 4-hour candlestick chart, we can observe the formation of a high-level ascending triangle flag pattern, with the key support level located at 4660. It is worth noting that the MACD indicator has shown a top divergence signal, which may suggest that the main funds might create a sharp drop after pushing up the price. Based on the current market situation, investors can consider the following strategy: when the price pulls back and stabilizes around 4690, they can establish long positions with a small amount. The initial target can be set around 4780, and if this level is broken, they can further look towards 4800. However, investors should also be aware of potential risks. The market may experience significant volatility, especially when breaking through key resistance levels or falling below support levels. Therefore, it is advised that investors closely monitor market dynamics, adjust strategies in a timely manner, and always maintain an awareness of risk management. As the Ethereum ecosystem continues to develop, the market remains optimistic about its long-term prospects. However, in the short term, investors should still respond cautiously to potential fluctuations, adjusting their positions flexibly to achieve the best investment returns.