The address, labeled by Nansen as Genesis Trading OTC desk, has insanely accumulated $FTT for 3 weeks and is now holding 38M $FTT(~28% circulation), making it the largest $FTT holder if we don't count the locked tokens in the vesting smart contract.
2/ TL;DR 1. @Solana Name Service could be bigger than @ensdomains 2. @Bonfida has established the foundation for simplified payments on @Solana with its naming service.
3/ 3. Revenue from Solana Name Service goes back to $FIDA token via buy and burn, contributing to the value of $FIDA token. 4. @solana Name Service has real use cases and in my opinion holds more value than NFT does.
2/ In the past 2 years, FTX has grown from nothing to the No.3 exchange on the market.
When FTX was launched (2019/4), there were already big players in the derivatives market such as BitMEX, OKEX, Huobi, Bitflyer; and Binance was ready to enter the game.
3/ It's a miracle that FTX can break through the siege. What is the key? I think there are two things: innovation and execution.