titan
139,318 views
175 Discussing
Hot
Latest
🚨 The First Large-Scale DeFi "Bank Run": Iron Finance (TITAN) 2021 🚨
$TITN
Iron Finance serves as a brutal lesson in the risks of algorithmic stablecoins and high-yield liquidity farming. In June 2021, the crypto world watched in shock as a project backed by high-profile investors collapsed to near-zero in mere hours.
🔍 The Incident
Iron Finance was a decentralized finance (DeFi) protocol that featured a partially collateralized stablecoin, IRON. To keep IRON pegged to $1, the system relied on a secondary token, TITAN. As the price of TITAN soared to over $64, it attracted massive capital and even celebrity endorsements.
🌊 The "Drowning"
What started as a massive sell-off by "whales" triggered a panic. Because of the protocol's minting/burning mechanics, a downward spiral began: as TITAN's price fell, more TITAN was minted to try and stabilize the IRON peg. This flooded the market with trillions of new tokens, causing a hyper-inflationary death spiral. TITAN’s price crashed from $64 to $0.00000003 in just a few days.
📉 The Impact
An estimated $2 billion in total value locked (TVL) was wiped out almost overnight. It became one of the most famous examples of a "bank run" in the DeFi space, proving that even mathematical models can fail under extreme market pressure.
💡 Key Takeaway: High APYs and "algorithmic stability" often come with hidden risks. Always understand the underlying mechanics of a DeFi protocol before providing liquidity. If it seems too good to be true, it likely is.
#Titan
$TITN
Iron Finance serves as a brutal lesson in the risks of algorithmic stablecoins and high-yield liquidity farming. In June 2021, the crypto world watched in shock as a project backed by high-profile investors collapsed to near-zero in mere hours.
🔍 The Incident
Iron Finance was a decentralized finance (DeFi) protocol that featured a partially collateralized stablecoin, IRON. To keep IRON pegged to $1, the system relied on a secondary token, TITAN. As the price of TITAN soared to over $64, it attracted massive capital and even celebrity endorsements.
🌊 The "Drowning"
What started as a massive sell-off by "whales" triggered a panic. Because of the protocol's minting/burning mechanics, a downward spiral began: as TITAN's price fell, more TITAN was minted to try and stabilize the IRON peg. This flooded the market with trillions of new tokens, causing a hyper-inflationary death spiral. TITAN’s price crashed from $64 to $0.00000003 in just a few days.
📉 The Impact
An estimated $2 billion in total value locked (TVL) was wiped out almost overnight. It became one of the most famous examples of a "bank run" in the DeFi space, proving that even mathematical models can fail under extreme market pressure.
💡 Key Takeaway: High APYs and "algorithmic stability" often come with hidden risks. Always understand the underlying mechanics of a DeFi protocol before providing liquidity. If it seems too good to be true, it likely is.
#Titan
FIL data on February 21, 2025: computing power dropped to 22.774 EiB, physical space (actual storage) 3.95 EiB, hitting a new low; total circulation 692 million; total release 871.75 million; total destruction 40.374 million; number of addresses exceeded 3.44 million
FIL data on February 21, 2025: computing power dropped to 22.774 EiB, physical space (actual storage) 3.95 EiB, hitting a new low; total circulation 692 million; total release 871.75 million; total destruction 40.374 million; number of addresses exceeded 3.44 million ——————————————————————
February 21: The following data is for 16 days
Filecoin statistics show the total effective computing power of the network is 22.774 EiB (recently peaked at 23.357 EiB, on December 7, 2024; currently, it has dropped from the highest to the lowest at 22.489 EiB, on July 19, 2024; the historical highest for the whole network is 25.112 EiB, on February 17, 2024)
February 21: The following data is for 16 days
Filecoin statistics show the total effective computing power of the network is 22.774 EiB (recently peaked at 23.357 EiB, on December 7, 2024; currently, it has dropped from the highest to the lowest at 22.489 EiB, on July 19, 2024; the historical highest for the whole network is 25.112 EiB, on February 17, 2024)
FIL data as of January 11, 2025: computing power has dropped to 22.835 EiB, physical space 4.13 EiB; total circulation 677.8 million; total release 860.46 million; total destruction 40.31 million; number of addresses exceeds 3.31 million
FIL data as of January 11, 2025: computing power has dropped to 22.835 EiB, physical space 4.13 EiB; total circulation 677.8 million; total release 860.46 million; total destruction 40.31 million; number of addresses exceeds 3.31 million
——————————————————————
January 11: The following data is for 10 days
Filecoin statistics show total effective computing power of 22.835 EiB (recently peaked at 23.357 EiB on December 7, 2024; currently dropped from the highest to the lowest at 22.489 EiB on July 19, 2024; the historical maximum for the entire network is 25.112 EiB, on February 17, 2024)
From the last statistic on January 1, 2025, at 18:01, to January 11, 2025, at 18:01, the total network computing power decreased by 0.106 EiB (108.544 PiB, an average daily decrease of 10.8 PiB) (currently the maximum daily increase in computing power is 111 PiB, and the maximum daily decrease is 163.84 PiB);
——————————————————————
January 11: The following data is for 10 days
Filecoin statistics show total effective computing power of 22.835 EiB (recently peaked at 23.357 EiB on December 7, 2024; currently dropped from the highest to the lowest at 22.489 EiB on July 19, 2024; the historical maximum for the entire network is 25.112 EiB, on February 17, 2024)
From the last statistic on January 1, 2025, at 18:01, to January 11, 2025, at 18:01, the total network computing power decreased by 0.106 EiB (108.544 PiB, an average daily decrease of 10.8 PiB) (currently the maximum daily increase in computing power is 111 PiB, and the maximum daily decrease is 163.84 PiB);
Titan Network's monthly recurring revenue (MRR) exceeds $180,000 (single business)
Titan Network's monthly revenue (MRR) exceeds $180,000 (single business)
Titan Network's bandwidth business MRR exceeds $180,000
In the wave of integration between blockchain and the real economy, Titan Network focuses on 'Decentralized Physical Infrastructure (DePIN)' and, with its scalable monetization capabilities of bandwidth resources, has become a focal point in the industry.
Latest data shows that its monthly protocol revenue (MRR) for bandwidth services has exceeded $180,000 and maintains a high growth trend. This achievement not only verifies the feasibility of its business model but also marks a key turning point as the DePIN track moves from concept validation to scaled profitability.
Titan Network's bandwidth business MRR exceeds $180,000
In the wave of integration between blockchain and the real economy, Titan Network focuses on 'Decentralized Physical Infrastructure (DePIN)' and, with its scalable monetization capabilities of bandwidth resources, has become a focal point in the industry.
Latest data shows that its monthly protocol revenue (MRR) for bandwidth services has exceeded $180,000 and maintains a high growth trend. This achievement not only verifies the feasibility of its business model but also marks a key turning point as the DePIN track moves from concept validation to scaled profitability.
In the past week, the cryptocurrency market was categorized by concept sectors, with only #BSC achieving a net inflow of funds, while Launchpool, RWA, fan tokens, Storage, and BRC20 experienced relatively small outflows.
According to CoinAnk data, in the last 7 days, the following are the top-performing tokens based on price increase (selected from the top 200 by market capitalization), with tokens like #rvn , #Titan , AB, #ICX , and #SPX standing out. This week, strong tokens should continue to be a priority for trading opportunities.
According to CoinAnk data, in the last 7 days, the following are the top-performing tokens based on price increase (selected from the top 200 by market capitalization), with tokens like #rvn , #Titan , AB, #ICX , and #SPX standing out. This week, strong tokens should continue to be a priority for trading opportunities.
TNT4 on-chain price! For testing phase only, for reference research only! The true value of Titan will only be realized after it goes live! #titan
Titan Network has become an important driver in the DePIN field by optimizing CDNs and edge AI, supporting peer-to-peer networks, and providing incentive mechanisms! depin ai #depin #ai #Titan pcdn #pcdn #cdn CDN IP #IP
Login to explore more contents