Decentralized Finance行业动态：Uniswap推出Layer 2网络Unichain

Decentralized Finance行业观察

Uniswap Labs has launched a new Layer 2 network Unichain based on Optimism technology.

Unichain is a Layer 2 network launched by Uniswap Labs, built on the OP Stack technology of Optimism. The network is expected to launch its testnet on October 10, with the mainnet to be released later this year.

Unichain has introduced a Trusted Execution Environment ( TEE ) technology developed in collaboration with Flashbots. Through TEE, block construction time can be shortened to 200-250 milliseconds, far exceeding the speed of the Ethereum mainnet and other Layer 2 networks.

A certain trading platform has launched pre-market trading with 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. It collaborates with the Ethereum Foundation to adopt the Halo2 verification system and has developed a zkEVM hardware accelerator named PipeZK, achieving a GPU zkEVM verification speed that is 10 times faster than CPU.

The SCR token features include governance and future uses as a validator token. The total supply is 1 billion SCR, with an initial circulation of 190 million SCR upon listing, accounting for 19% of the total supply.

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 that provides fast, secure, scalable, and low-cost infrastructure suitable for developers to build decentralized applications. As of October 2024, the Sui ecosystem has covered over 85 applications, involving Decentralized Finance, gaming, decentralized infrastructure networks ( DePIN ), and e-commerce.

The US court has not approved the sale of Silk Road Bitcoins, the panic is a false rumor.

Recently, there have been rumors claiming that "the U.S. Supreme Court has approved the sale of 69,370 bitcoins seized from Silk Road". In reality, this is just a sensational headline and does not reflect the facts. 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.

Nevertheless, considering the upcoming U.S. election, current officials may sell these bitcoins before the election. In particular, Trump has stated that he would not allow the sale if elected, so there remains a possibility that the U.S. government could sell these bitcoins before the election, but this is merely speculation, and there is no need to panic at this time.

Sui ecosystem related Decentralized Finance projects

The strongest areas of the Sui ecosystem's current development are concentrated in Decentralized Finance and Meme-related projects, with the main DeFi projects including:

Lending Protocol:

• Navi Protocol: The lending protocol with the highest TVL on Sui, exceeding 350 million USD.
• Suilend Protocol: Developed by the Solend team on Solana.
• Scallop Protocol: A native lending platform on Sui with a TVL of over $150 million.

Decentralized Exchange ( DEX ):

• Cetus Protocol: The DEX with the highest trading volume and TVL on Sui.
• Turbos Finance: TVL is growing rapidly, supporting a large number of meme token trades.
• DeepBook: Based on the Sui Narwhal and Bullshark engine architecture, it adopts an efficient shared object pool structure.

Other Decentralized Finance projects:

• Bucket Protocol: Decentralized stablecoin project, TVL exceeds $20 million.
• Bluefin: The top-ranked derivatives trading platform on Sui.
• Typus Finance: Derivatives infrastructure of the Sui ecosystem, has launched option products.

Pyth has partnered with Uniswap to support Unichain Decentralized Finance.

Uniswap announced that its newly developed blockchain Unichain will choose 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, ensuring that developers can access accurate and reliable Decentralized Finance data.

Messari: Aptos set a new record for daily trading volume of L1 blockchains in the second quarter of this year.

According to the Aptos Q2 status report released by Messari, Aptos has set multiple new records as an L1 blockchain. Key data includes:

• Daily trading volume: increased by 474%, reaching 4.4 million transactions.
• Total value locked in DeFi ( TVL ): quarterly growth of 123%, reaching 75 million APT ( approximately 603 million USD ).
• DEX daily trading volume: increased by 189%, reaching 30 million USD.

A certain investment institution invested in ZKsync "Elastic Chain" Sophon during the token round.

Recently, Sophon announced that an investment institution has invested in it. Sophon is an elastic chain based on ZKsync, built on the Layer 2 network using Matter Labs' modular open-source framework. The investment amount has not been disclosed.

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. As a project incubated by Merit Circle, Sophon is gradually becoming the preferred platform for developers and users, with the mainnet expected to launch next month.

Decentralized Finance数据面板

TVL data

The blockchain TVL ranking has been reshuffled, with Sui making a strong entry into the top ten. The Sui blockchain has emerged in the recent TVL( total locked value) ranking, successfully entering the top ten, which demonstrates its strong growth momentum in the Decentralized Finance sector.

stablecoin data

The total market capitalization of stablecoins is $172.818 billion, with no significant changes in the past week. According to the latest data, the total market capitalization of the global stablecoin market has reached $172.818 billion, but has slightly decreased by 0.19% in the past week. In the stablecoin market, USDT(Tether) still dominates, with a market share of 69.26%. Following closely is USDC, accounting for 20.1%, making it the second largest stablecoin after USDT.

DEX data

In the past week, the trading volume of the decentralized exchange (DEX) has slightly declined, but Cetus shows strong growth momentum. According to the latest data, a certain trading platform and a certain DEX still maintain their leading positions in the decentralized exchange (DEX) market. The 24-hour trading volume of a certain trading platform reached $1.542 billion, with a trading volume of $9.799 billion over the past 7 days, demonstrating its significant influence in the decentralized trading market. However, its market performance has slightly decreased this week, changing by -1.81%. The 24-hour trading volume of a certain DEX is $1.044 billion, but the decline this week is -23.92%.

In contrast, Cetus has shown strong growth momentum, rising by 64.20% this week, indicating that the platform is rapidly expanding, with a 24-hour trading volume reaching $161 million. This suggests that some emerging platforms are standing out in the fiercely competitive DEX market, especially by demonstrating excellent performance amidst market volatility.

Decentralized Finance Industry Outlook

Recently, the DeFi market has witnessed a remarkable hot event - Uniswap launched the Layer 2 network Unichain built on the Optimism OP Stack. This strategic release not only showcases Uniswap's ambition in expanding the DeFi ecosystem but also sparked discussions on liquidity redistribution.

Unichain is expected to attract a large amount of DeFi liquidity back to itself. As a superchain architecture, Unichain can integrate the liquidity of multiple ecosystems to form a powerful ecosystem. The total locked value of the superchain (TVL) is expected to reach the level of billions of dollars, bringing numerous opportunities for DeFi strategy teams and market makers.

With the implementation of Unichain, we expect to see more large projects with real income deployed here, and it is even possible that more than three unicorn companies will emerge. The UNI token, which has long been criticized for being "useless," may also become a treasure in this process. In the future, after the UNI token becomes a key element for validating nodes, its status will be greatly enhanced, becoming an existence that surpasses public chain tokens.

Therefore, we are optimistic about those DeFi protocols that are the first to seize the opportunity to "take the first bite of the crab"; they are expected to rise again with the help of Unichain.