Decentralized Finance Industry Observation and Hot Events

Uniswap Launches Layer 2 Network Unichain

Uniswap Labs has launched a new Layer 2 network called Unichain based on Optimism technology. The network is expected to go live on the testnet on October 10, with the mainnet launching later this year. Unichain introduces a Trusted Execution Environment (TEE) technology developed in collaboration with Flashbots, which can reduce block construction times to 200-250 milliseconds, far exceeding the speeds of the Ethereum mainnet and other Layer 2 networks.

A trading platform launches Scroll ($SCR)

Scroll is an Ethereum Layer 2 zkRollup solution that utilizes zero-knowledge proof technology to enhance Ethereum's scalability. The core technological breakthrough of Scroll lies in zkEVM and hardware acceleration. Scroll collaborates with the Ethereum Foundation to adopt the Halo2 verification system and has developed a zkEVM hardware accelerator named PipeZK, achieving a performance where GPU zkEVM verification is 10 times faster than CPU.

The functions of the SCR token include governance and future uses. The total supply is 1 billion SCR, with an initial circulation of 190 million SCR at launch.

Native USDC Officially Launched on Sui

Native USDC has now been launched on the Sui mainnet, allowing developers and users to access it directly without the need for cross-chain bridging. Circle Mint and Circle API now fully support USDC on Sui, making it easier for users to obtain USDC liquidity and enjoy the high speed and security of the Sui network.

Sui is a Layer-1 blockchain based on the Move programming language, providing fast, secure, scalable, and low-cost infrastructure. As of October 2024, the Sui ecosystem has covered over 85 applications in fields such as Decentralized Finance, gaming, decentralized infrastructure networks, and e-commerce.

US Court Denies Sale of Silk Road Bitcoin, Panic Caused by Miscommunication

Recently, there have been rumors that "the U.S. Supreme Court approved the sale of 69,370 Bitcoins seized from Silk Road," which led to a drop in Bitcoin prices. In fact, the Supreme Court only dismissed Battle Born Investments' lawsuit regarding the ownership of Silk Road Bitcoins, confirming that these Bitcoins still belong to the U.S. government and did not approve their sale.

Sui ecosystem related Decentralized Finance projects

The strongest area of development in the Sui ecosystem currently focuses on projects related to Decentralized Finance and Memes. The main DeFi projects include:

Lending Protocols: Navi Protocol, Suilend Protocol, and Scallop Protocol Decentralized Exchange: Cetus Protocol, Turbos Finance, and DeepBook Other DeFi projects: Bucket Protocol, Bluefin, and Typus Finance

Pyth Partners with Uniswap

Uniswap announced that its newly developed blockchain Unichain will select Pyth Network as its real-time data service provider. Pyth Network will provide Unichain with over 500 real-time price data sources, updating every 400 milliseconds to ensure that developers can access accurate and reliable Decentralized Finance data.

Aptos Sets New Daily Transaction Record for L1 Blockchain

According to the Aptos Q2 status report released by Messari, Aptos set multiple new records as an L1 blockchain. The daily average transaction volume increased by 474%, reaching 4.4 million transactions. The total value locked in DeFi increased by 123% quarter-on-quarter, reaching 75 million APT. The daily trading volume on DEX grew by 189%, reaching 30 million USD.

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Invest in ZKsync "Elastic Chain" Sophon on a Trading Platform

Sophon is a flexible chain based on ZKsync, built on the modular open-source framework of Matter Labs as a Layer 2 network. Sophon focuses on entertainment applications such as gaming, social networking, and artificial intelligence, aiming to promote the development of the Web3 ecosystem. Sophon utilizes ZK Stack technology to achieve gas-free native account abstraction, and the zkEVM codebase based on zkSync has performed excellently in multiple tests.