Ten years of separation, reconnected overnight: Vitalik personally demonstrates Kohaku, Ethereum privacy finally enters the mainstream. | Bee Network
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Prediction markets, a financial tool that uses collective intelligence to predict future events, experienced unprecedented explosive growth in 2024-2025. Platforms represented by Polymarket and Kalshi have repeatedly exceeded the $100 million mark in daily trading volume, and the cumulative trading volume has reached tens of billions of dollars, marking a key turning point for the prediction market from a niche tool to the mainstream financial market. But beneath this façade of prosperity lie undercurrents. The mid- and low-end markets of leading platforms, as well as the vast majority of emerging platforms, are plagued by the common challenge of insufficient liquidity. Regulatory uncertainty, like the “Sword of Damocles,” remains a core risk for the industry’s development. Meanwhile, emerging platforms are actively exploring differentiated paths to success amidst fierce competition. Based on…#分析#暗号# デフィ# イーサリアム# ツール#ウェブ3上一篇
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- Author | Ethan ( @ethanzhang_web3) On November 16, 2025, at Devcon 2025, when Vitalik presented Kohaku on the main stage, my first reaction was: