Bitwise Ventures: Solana Ecosystem Applications Truly Harnessing the Network's Final 1% Performance

Beating AI Express Briefing: Meituan launches LongCat-2.5-Preview. The model retains LongCat-2.0’s 1.6T total parameters, ~48B activated parameters, and 1M-token context window, while adding native multimodal capabilities, supporting long-process tasks across scenarios including terminals, browsers, desktop software, spreadsheets, and design tools. LongCat-2.5-Preview is integrated with its official API, compatible with both OpenAI and Anthropic interfaces, with a maximum output length of 128K tokens. The official has also provided integration methods for Codex, OpenCode, OpenClaw, and CatPaw, enabling direct calls from existing Agent tools. Meituan is distributing 5 million free tokens to all existing users for testing the new model, while existing token packages remain usable. However, the official has not yet released benchmarks for LongCat-2.5, and no public data is currently available to compare improvements in GUI operations and long-process tasks.

Yuga Labs’ Vice President of Blockchain, Quit, announced that the NFTs Are Safe claim portal is being refined, with a small-scale test now open. Users can access the portal to check their eligible claimable NFTs, and report any errors found in the claimable content. The official claim will use the same snapshot and launch after completing additional quality checks, though users may need to wait longer due to the approximately 25,000 NFTs involved. The project has required significant time investment, with gas fees alone reaching $7,500 last night. Yuga Labs thanked the community for their support, as well as users who donated via X Money. Yesterday, news emerged that a payment processor vulnerability led to the theft of a large number of NFTs; Yuga Labs’ white hat team rescued NFTs valued at over $5.7 million.

According to GMGN market data, the market capitalization of PAID on Solana briefly topped $30 million, with a 24-hour gain of over 220% and trading volume of $23.4 million in the same period. Public information shows that UsePaid is an automatic creator fee revenue-splitting tool for tokens: project teams can route creator fees generated from their meme coins into UsePaid, where 80% is converted to U.S. dollars and disbursed to designated X users via X Money, while 20% is used to repurchase and burn PAID. BlockBeats warns users that related tokens have high price volatility, so investment should be approached with caution.

OpenSea Chief Technology Officer Chris Maddern responded to the impact of the security incidents involving Magic Eden and Limit Break, stating that OpenSea’s systems and smart contracts have not been compromised. All known affected ERC-721 NFTs have been marked on the platform and cannot be sold. For newly exploited NFTs discovered subsequently, OpenSea will automatically tag them to prevent attackers from obtaining related offers. Users with remaining relevant authorizations will see a prompt banner on the platform page, along with a link to guide them to revoke those authorizations. As of now, more than 3,000 NFTs have been marked as stolen and banned from trading. OpenSea said it will continue to help mitigate the impact of this industry-wide security incident on users.

According to GMGN market data, the Solana-based meme coin e/acc exceeded $17 million in market capitalization and recorded $25.3 million in trading volume within four hours of its launch. The token’s narrative centers on Silicon Valley’s "effective accelerationism"—a concept referring to using technology and capital to push AI, energy, and growth to their absolute limits. BlockBeats reminds users that most meme coins lack real use cases, are highly volatile, and investors should exercise caution.

According to GMGN market data, the Solana-based meme coin CATE has seen its market cap surge past $107 million, currently trading at $103 million, with a 24-hour gain of over 14.7% and a 24-hour trading volume of $6.1 million. Earlier on July 26, Atsuko Sato, owner of Kabosu—the Shiba Inu that inspired Dogecoin—posted a video of a kitten. The community quickly launched the CATE token on Pump.fun, positioning it as "Doge’s successor / Cat version of Doge" to carry on the meme culture of "dogs came first, now it’s the cats’ turn". Subsequently, Atsuko Sato released a statement clarifying that the CATE token circulating in the market recently has no connection to her whatsoever. She stated that she only shared an update on Instagram before, but the content was later used without authorization by others, who then issued fake tokens under her name to create the illusion of association. She expressed regret over this, adding that some accounts involved in spreading related information even include users with significant influence on the X platform. BlockBeats reminds users that most meme coins have no real use cases, are highly volatile, and investors should exercise caution.