The following content was released by JuCoin Labs Research Institute: On June 18th, the US Senate officially passed the GENIUS Act, marking a substantial step in US stablecoin regulatory legislation and a significant stride for the entire crypto industry entering the regulatory track. Stablecoins, Bitcoin, and other mainstream crypto assets have also become part of listed companies' asset allocations. According to Arkham Intelligence, as of now, 131 US-listed companies hold Bitcoin, with a total position exceeding 420,000 BTC.

Meanwhile, the US SEC is gradually releasing policy friendliness towards the DeFi market. On June 9th, the new SEC chairman publicly announced a new policy that "DeFi should not be limited by form and should focus on its compliance potential", sparking market discussions about DeFi and compliance. Against this background, RWA, DeFi, and stablecoins, as the most promising tracks, have gained focus from capital, developers, and policy makers.

As an emerging on-chain ecosystem, Juchain follows the trend, not only promoting the development of native DeFi protocols but also exploring on-chain credit and RWA asset infrastructure construction. This report will analyze the ecosystem's three key projects: APRO Oracle, JuFinance, and Labubu Fans, uncovering investment opportunities under the new compliance framework.

Empowered by AI technology, JuFinance's credit scoring and asset management have enhanced risk control capabilities and personalized service levels, strengthening the platform's competitive advantage. In the future, JuFinance is expected to lead the transformation of on-chain finance from simple asset speculation to value creation based on behavioral contributions, with significant growth potential.

3.Labubu Fans

Project Overview:

Labubu Fans is a high-heat Meme project deployed on the Solana ecosystem, built around the top Asian trendy toy IP "Labubu", with community-driven, social culture, and IP meme as its core communication path. Although the project officially states no direct connection with Bubble Mart, leveraging Labubu's widespread influence in the Pan-Asian market, the project has gained significant attention since its launch in October 2024, especially in regions with active young consumer groups like China, Japan, and Southeast Asia.

$LABUBU is positioned as a "Fan Meme Token", strengthening brand image through IP peripheral products, collaborative trendy graphics, NFT character authorization, and driving a closed loop from secondary creation culture to on-chain circulation. It has already been listed on mainstream Solana DEXs and multiple centralized exchanges including JuCoin, and has begun exploring NFT, chain games, and secondary creation incentive mechanisms, gradually evolving from "meme speculation" to "community co-creation" cultural assets.

Key Highlights:

• IP Traffic Support, Natural Consensus Entry: Labubu, as a top Asian trendy toy IP, has a massive user base in China, Japan, and Southeast Asia, with its image deeply rooted in people's minds. The $LABUBU project leverages an unofficial fan positioning, avoiding legal risks while capturing secondary creation dividends, with users spontaneously spreading and creating peripherals, forming a powerful social viral effect.
• Meme + NFT + GameFi Multi-Track Parallel Layout: Labubu Fans is building an ecosystem content including NFT collectibles, on-chain trendy AR props, and lightweight Meme GameFi, planning to attract traffic through the Meme entry and then solidify user stickiness with interactive tools, achieving continuous conversion of traffic to assets.
• Strong Community Interaction: $LABUBU is simultaneously listed on multiple centralized trading platforms like JuCoin and has received Official Twitter endorsement, forming strong market momentum. The community operation rhythm is clear, driven by visual creativity, fan co-creation, peripheral guessing, and other forms of social propagation, now becoming one of the most active Meme communities on Solana.

On-Chain Data:

• User Distribution and Trading Activity: According to Solscan data, currently, $LABUBU has approximately 17,694 token-holding addresses, with over 4,100 daily active addresses in the past 7 days.
• Total Transactions and Circulating Market Cap: Over 148,000 transactions, with DEX trading volume reaching about $3.6 million in the past 7 days. Circulating market cap is around $21.76 million, with 24-hour trading volume exceeding $13 million.
• Token Distribution and Liquidity Health: $LABUBU's total issuance is about 997.74 million tokens, with the top 50 holders accounting for approximately 18%, indicating relatively dispersed holdings and strong community drive!

Investment Logic:

From an investment perspective, $LABUBU is a high-Beta Meme project with short-term sentiment trading opportunities, but caution is needed regarding the potential fluctuations in its underlying IP popularity. Recently, the physical Labubu toy prices in the secondary market have significantly declined, with popular models dropping over 40%, indicating a gradual cooling of Labubu's physical IP heat, which poses certain impacts on $LABUBU positioned as a "Fan Meme Token".

In the short term, the project still has opportunities to trigger a rebound through community creativity, NFT collaborations, and new exchange listings. However, from a medium to long-term perspective, its ability to evolve from meme speculation to a project with cultural asset attributes depends on whether the team can truly build an IP authorization, NFT ecosystem, and on-chain interaction closed loop. If it remains at the level of heat speculation while both physical and digital dimensions weaken, the token price may face continuous correction pressure.

Summary:

Currently, the crypto industry is moving towards compliance and multi-chain collaborative development. JuChain follows this trend, creating an open ecosystem supporting on-chain credit and RWA assets. Through modular design and multi-chain compatibility, it effectively utilizes on-chain behavioral data, facilitating developer and user participation with rich and flexible application scenarios!

JuChain's ecosystem layout highly aligns with compliance, native, and innovative core directions. Whether in its deep exploration of on-chain behavior value or its ability to integrate cross-chain data and Web2 scenarios, JuChain demonstrates ecosystem integration advantages beyond a single track! Its modular architecture and multi-role participation mechanism provide clear collaboration paths for developers, users, and institutions. At the intersection of institutional recovery and technological evolution, JuChain, with its forward-looking positioning and ecosystem stickiness, will undoubtedly become an important carrier for compliant Web3 in the next phase!