Deep Dive
1. Delisting Shock (9 September 2025)
Overview:
Hotcoin announced the delisting of MAT’s USDT-margined perpetual futures on 10 September 2025, prohibiting new positions after 14:35 UTC+8 and liquidating all open contracts at market prices. The exchange cited “trading environment optimization” but provided no specific rationale for MAT’s removal.
What this means:
This is bearish for MAT because reduced derivatives access may lower liquidity and amplify volatility. Futures delistings often correlate with diminished exchange confidence – MAT’s 24h spot volume ($2.05M) already trails its $5.94M market cap, indicating thin markets. Traders should monitor whether other exchanges follow suit. (Hotcoin)
2. Gaming Ecosystem Boost (31 August 2025)
Overview:
Matchain partnered with FateStone, a gaming studio backed by Tencent’s TiMi Studio Group, to integrate its blockchain into titles like Arena of Faith and One Tap. The collaboration aims to merge AI-driven asset management with FateStone’s 300K-player community.
What this means:
This is bullish for MAT as gaming partnerships historically drive user onboarding – for example, Axie Infinity’s 2.8M daily users at its 2021 peak. If FateStone’s player base migrates even partially to MAT-powered economies, it could stabilize network activity amid recent price declines (-45% in 30 days). (@lumao_penguin)
3. User Growth Milestone (14 July 2025)
Overview:
DappRadar reported Matchain as a top 5 blockchain by unique active wallets (UAW), attributing growth to its AI-powered decentralized identity (DID) system and zk-rollup scalability.
What this means:
The surge in UAW (1.9M verified users as of June 2025) validates MAT’s technical roadmap. However, price action has diverged – MAT fell 20% in the 7 days following the report, suggesting adoption hasn’t yet translated to sustained demand. Sustained developer activity (704M transactions reported) remains a key watchpoint. (DappRadar)
Conclusion
MAT faces near-term headwinds from derivatives market exits but counters with gaming adoption and robust infrastructure metrics. Can FateStone’s integration reverse the 90-day price decline (-36.59%) by converting Web2 gamers into MAT stakeholders?