BTC $80,100.66 -1.62%
ETH $2,319.69 -2.00%
BNB $740.10 -1.90%
XRP $1.29 -2.89%
SOL $100.25 -2.74%
TRX $0.3312 -0.19%
DOGE $0.0780 -2.74%
ADA $0.1999 -3.65%
BCH $279.55 -6.99%
LINK $11.51 -2.45%
HYPE $82.54 +0.50%
AAVE $131.32 -3.22%
SUI $0.9130 -3.15%
XLM $0.1686 -1.88%
ZEC $1,255.59 -4.49%
AAPL $348.36 +0.72%
AMZN $252.29 -0.69%
GOOGL $291.26 -10.71%
MSFT $546.04 +2.90%
META $619.71 -0.64%
NVDA $214.34 -2.53%
TSLA $403.19 -1.55%
SNDK $1,372.60 +0.24%
INTC $92.21 -3.79%
SPCX $144.06 -3.83%
MU $956.41 -1.27%
AMD $563.91 -1.15%
BTC $80,100.66 -1.62%
ETH $2,319.69 -2.00%
BNB $740.10 -1.90%
XRP $1.29 -2.89%
SOL $100.25 -2.74%
TRX $0.3312 -0.19%
DOGE $0.0780 -2.74%
ADA $0.1999 -3.65%
BCH $279.55 -6.99%
LINK $11.51 -2.45%
HYPE $82.54 +0.50%
AAVE $131.32 -3.22%
SUI $0.9130 -3.15%
XLM $0.1686 -1.88%
ZEC $1,255.59 -4.49%
AAPL $348.36 +0.72%
AMZN $252.29 -0.69%
GOOGL $291.26 -10.71%
MSFT $546.04 +2.90%
META $619.71 -0.64%
NVDA $214.34 -2.53%
TSLA $403.19 -1.55%
SNDK $1,372.60 +0.24%
INTC $92.21 -3.79%
SPCX $144.06 -3.83%
MU $956.41 -1.27%
AMD $563.91 -1.15%

incentives

All
Article
Flash

first_img Circular Founder: Axiom's validator bribes received through Lunar are only about 1% traceable to on-chain incentives

The founder of the Solana landing service analysis platform Circular, Ben, stated that he believes the trading terminal Axiom charges traders through misleading "validator bribes" and routes the related funds to the landing service Lunar under HelloMoon. Ben mentioned that since April, the bribes paid by Axiom traders to Lunar amount to approximately $55.7 million, but the latest 30-day analysis shows that only about 1% can be traced back to additional on-chain validator incentives, and he inquired whether Axiom shares in this tip revenue.Circular claims that it reconstructed the activities related to Lunar and Axiom from April 26, 2026, to October 19, based on on-chain payment flows: during this period, Lunar received 530,166 SOL in bribes, valued at approximately $55.67 million based on its quoted price of $105/SOL, corresponding to 189 million successful payments of bribes to Lunar from Axiom transactions. In the last 30 days, 45 million Axiom transactions made payments to Lunar, accounting for 80.6% of successful Axiom transactions; Lunar received 138,964 SOL, approximately $14.59 million, of which about 1,579 SOL was attributed to additional on-chain validator incentives, accounting for 1.14%.Ben also cited on-chain cases from September 26 and October 7, stating that after he paid bribes as suggested by the Axiom interface, the identifiable additional priority fee increase was about 1% of the amount paid to Lunar. He indicated that Axiom controls transaction routing and fee recommendations and has published its associated Lunar address on GitHub for verification. The above content represents Circular's on-chain statistics and personal judgment, and the post also states that the related proportions do not exclude other service costs or off-chain payments, and its estimate of the platform's revenue share is not based on tracked payments to Axiom.

Changxin Technology will implement equity incentives for over 6,700 people and will open new stock subscriptions on July 16

According to reports from Jiemian News, the prospectus shows that Changxin Technology has implemented a rare employee stock incentive plan in the semiconductor industry before its listing. The company launched two phases of employee stock ownership plans over four years, granting shares to a total of 6,760 individuals, accounting for 35% of the total number of employees, with a higher proportion of R&D and highly educated personnel. Chairman Zhu Yiming publicly promised to distribute the granted 768 million shares to current employees free of charge within ten years after the company has been listed for 36 months, and he personally committed not to reduce his holdings within ten years after the listing. This initiative aims to retain core talent and stimulate team motivation through a long-term interest-binding mechanism during the lengthy technology catch-up cycle.In terms of performance, benefiting from the AI-driven super cycle in the storage industry, Changxin Technology has achieved a strong turnaround and significant growth. The company expects to achieve revenue of 110 billion to 120 billion yuan in the first half of 2026, a year-on-year increase of more than six times; the net profit attributable to the parent company is expected to reach 50 billion to 57 billion yuan.Previous news: According to the official website of the Shanghai Stock Exchange, Chinese storage giant Changxin Technology disclosed its intention to list on the Sci-Tech Innovation Board and the "Issuance Arrangement and Preliminary Inquiry Announcement" on July 9, officially starting the IPO issuance process on the Sci-Tech Innovation Board. The announcement disclosed that the offline subscription date and online subscription date for the company's new shares are both set for July 16, 2026. The stock code for Changxin Technology/offline subscription code is "688825," and the online subscription code is "787825." This public offering plans to issue approximately 6.688 billion shares (before the exercise of the over-allotment option), while the issuer grants CICC an over-allotment option not exceeding 15.00% of the initial number of shares issued; if fully exercised, the total number of shares issued will increase to approximately 7.691 billion shares.
app_icon
ChainCatcher Building the Web3 world with innovations.