10/19-10/25 Issue 15
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No.1 public chain progress inventory
BSC at the beginning of the year and Solana recently told us a truth, the imagination of the public chain is still very attractive. This weekly report sorts out the latest developments and highlights of Near, Cosmos, and Harmony.
01 Near: One of the new stars that cannot be ignored in the public chain track
After Fantom, Harmony, Avalanche and Celo successively launched incentive plans, NEAR recently launched an ecological incentive plan:
On October 25, NEAR announced the launch of an $800 million ecological development donation plan, which will focus on the DeFi field.
On October 21, Proximity Labs, a research and development organization focused on investing in the NEAR ecosystem, announced that it will allocate 40 million NEAR tokens (worth more than 300 million US dollars) in the next four years to support projects, institutions and individuals based on NEAR development . Well-known projects including Curve, Sushiswap, and Dodo, as well as native projects such as Ref, Burrow, and Onomy, have reached cooperation with NEAR and will become early beneficiaries of this incentive plan.
Near will release a simplified version of the Night Shadow protocol in November, entering the 0th phase of sharding. The state will be sharded, but the processing will not be sharded. After the sharding is completed, the running speed and security of NEAR will increase exponentially, and it can seamlessly carry millions of users.
NEARs Ethereum expansion solution Aurora was launched in May. In addition to the current most mainstream asset cross-chain, Aurora will also explore higher-dimensional data cross-chain, hoping to provide users and developers in the Ethereum community with a simple and direct A seamless user experience. In October, Aurora completed a financing of US$12 million, and hundreds of institutions including Pantera and Dragonfly participated in the investment.
Mintbase: A marketplace to buy, sell and mint NFTs, allowing businesses and creatives to launch their own stores.
ZED: A digital version of horse racing that allows players to buy, breed, sell, and race on the blockchain.
MoonPay: A financial technology company integrating banks and online cryptocurrency exchanges, currently serving customers in Europe and the United Kingdom, and plans to expand globally.
Balancer, AAVE, 1inch, Chainlink, and TrustToken have all joined the Near ecosystem.
Ethermint will be upgraded to Evmos, compatible with the Ethereum mainnet and EVM through IBC, and is expected to be delivered to the mainnet by the end of the year.
At the end of September, Terra completed the Columbus-5 upgrade and officially activated IBC, allowing Terra to seamlessly migrate assets and messages to any Cosmos chain, or future IBC-compatible network. As the flagship project of the Cosmos ecology, after activating IBC, Terra will empower the Cosmos ecology.
In August, the Cosmos cross-chain bridge Gravity Bridge was launched, supporting the introduction of Ethereum ERC20 assets into the Cosmos ecosystem.
In October, Curve listed Harmony and supported the three pools of DAI-USDC-USDT.
In September, the vote to deploy Aave V2 on the Harmony blockchain has passed, and Harmony initially plans to provide incentives of 2 million US dollars.
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Obol Technologies, a public chain pledge agreement, completed a financing of US$6.15 million, with investors including ConsenSys, Coinbase Ventures, Delphi Digital, etc.
Cryptocurrency staking platform Stader Labs has completed a $4 million seed round through a token sale, led by Pantera Capital.
Last week, Lido opened a vote on the proposal to add stETH to the lending protocol Aave V2.
At the beginning of August, Anchor Protocol reached a cooperation with Lido Finance, an Ethereum 2.0 pledge agreement, and launched bETH. bETH is the mapping token of stETH (the certificate token for mortgage ETH on the Lido platform) in the Terra ecology. bETH can be used as collateral to obtain mortgage loans. You can also get liquidity mining rewards in Anchor. Lido has attracted $2.5 billion in funding in the Terra ecosystem.
Staked: Provides pledge services for 24 blockchains including Ethereum 2.0, Terra, and Near, with a pledge value of $4.07 billion.
Chorus One: Provide staking services for 8 blockchains including Terra, Near, Polkadot, and Solana, with a staking value of $23.71 billion.
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The capacity of the Bitcoin Lightning Network exceeded 200 million US dollars. There are currently 29,000 Lightning Network nodes and 78,000 Lightning Network channels.
According to Glassnode data, as of October 23, the cumulative transaction volume on the Bitcoin chain exceeded 20 trillion US dollars.
On October 21, the open positions of encrypted assets on the entire network exceeded US$52 billion, a record high.
According to Bybt data, as of October 19, the open interest of CME Bitcoin futures reached 3.69 billion US dollars, a record high.
On October 25, the total lock-up volume of DeFi exceeded 170 billion US dollars, a record high.
ProShares Bitcoin futures ETF, the trading volume on the first day of listing is close to 1 billion US dollars, ranking second in the history of the funds first-day trading volume.
On October 23, the Valkyrie Bitcoin Futures ETF had a trading volume of $78 million on its first day.
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There are about 3,000 DApps on Polygon, 62% are only deployed on Polygon, and 38% are deployed on both Polygon and Ethereum.
The Terra Ecosystem officially activates IBC, which can connect to blockchain networks that support IBC, such as Cosmos, across chains.
On October 25th, the 24-hour transaction volume of THORChain ($RUNE), a cross-chain transaction protocol, reached a record high of 67.32 million U.S. dollars, with a liquidity of 228 million U.S. dollars, a total locked position of 604 million U.S. dollars, and a total transaction volume of 24 One hundred million U.S. dollars.
On October 19, the 24-hour trading volume of Uniswap V3 on L2 reached 115 million US dollars, a record high.
The Ethereum lossless lottery project PoolTogether V4 version is online, and the bonus and number of winners increase with the size of the lottery pool.
The Saffron V2 version of the DeFi risk classification protocol has been launched on the Ethereum mainnet, and the deposit function has been launched.
The Associated Press will launch a Chainlink node and provide data on the economy, sports events, and more.
The DeFi insurance agreement InsurAce has a total insurance coverage of more than $100 million.
The NFT trading platform Rarible launched the Gas-free NFT minting function, and the minting Gas fee is paid by the buyer when purchasing.
Metaverse platform Cryptovoxels already supports login with Facebook account.
Following the launch of the NFT Launchpad DropZone, Raydium, the Solana ecological project, announced a partnership with Magic Eden, an NFT market platform.
Binance launched the NFT game asset distribution model IGO, the first project is the horse racing game DeRace.
NEAR launched an $800 million ecological development fund, which will focus on the DeFi field.
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Retail giant Walmart has started offering Bitcoin ATM services.
Mastercard will partner with Bakkt to integrate crypto services for banks and merchants in its payments network.
Singaporean payment company Nium has launched an encryption-as-a-service product, and Niums valuation exceeds US$1 billion.
Two financial institutions in the United States, Five Star Bank (New York) and UNIFY Financial Credit Union, will use NYDIGs services to provide customers with solutions for buying, selling and holding Bitcoin.
Encrypted index asset management company Bitwise launched the Polygon Fund to provide qualified investors with investment exposure to MATIC tokens.
British fintech firm Revolut offers US investors $200,000 a month in commission-free crypto trading.
Coinbase Custody will provide crypto custody services for Novi, Facebooks digital currency wallet.
Grayscale’s parent company, DCG, plans to buy the $1 billion Grayscale Bitcoin Trust.
The Houston Firefighters Relief and Retirement Fund, with $4 billion in assets, has invested $25 million in Bitcoin and Ethereum.
Asset management giant Pimco: has set foot in the field of cryptocurrency and plans to increase investment in digital assets.
German digital bank N26 completed a $900 million E-round financing at a valuation of $9 billion. Said to provide bitcoin and other cryptocurrency trading services before the end of the year.
British crypto custody company Copper may raise $500 million at a valuation of $2.5 billion.
FTX completed a financing of 420 million US dollars at a valuation of 25 billion US dollars, and 69 institutions including Sequoia and Temasek participated in the investment.
Animoca Brands completed a financing of US$65 million at a valuation of US$2.2 billion, and Sequoia China participated in the investment.
FTX.US has completed the acquisition of LedgerX, and LedgerX has been renamed FTX US Derivatives. This transaction provides FTX.US with a series of licenses granted by the Commodity Futures Trading Commission (CFTC) to LedgerX. FTX.US can provide US retail traders with Provide cryptocurrency futures, options and other transactions.
Crowdfunding platform Republic has raised $150 million in Series B funding led by Valor Equity Partners.
American legendary baseball player Willie Mays will launch an NFT series on Nifty Gateway on October 24, and all proceeds will be donated to his Say Hey Foundation.
A 1991 Macallan whiskey barrel with a unique NFT was auctioned for $2.3 million on the NFT trading platform Metacask, setting a record for whiskey barrel auctions.
Coinbase signed a multi-year sponsorship agreement with the NBA, becoming the latters exclusive encryption platform partner.
Fixed-rate lending agreement Element Finance raised $32 million at a valuation of $320 million, led by Polychain Capital.
Sommelier, the Uniswap V3 liquidity management agreement, completed a $23 million financing led by Polychain Capital.
The DeFi credit lending platform Sublime has completed a $2.5 million seed round of financing and will launch a small-scale beta version.
zkLink, a cross-chain DEX protocol based on ZK technology, completed a financing of 8.5 million US dollars, led by Republic Crypto
Chatex, Telegrams in-app cryptocurrency P2P trading platform, has been invested by Polygons DefiForAll Fund.
Synchrony Finance, a Solana-based asset management agreement, completed $4.2 million in financing.
PsyOptions, the Solana ecological option agreement, completed the first round of financing of US$3.5 million led by Alameda Research.
Polynomial, an option liquidity aggregation agreement, completed a financing of US$1.1 million, led by Acrylic.
Decentralized derivatives exchange MCDEX was invested by BSC Growth Fund.
NFT startup Candy Digital completed a $100 million financing at a valuation of $1.5 billion, led by Softbank and Insight.
The NFT sci-fi card game Parallel received a $50 million investment from Paradigm, with a valuation of $500 million.
NFT infrastructure provider Mojito received $20 million in financing, led by Future Perfect Ventures, and participated by Sothebys and others.
Genopets, the Solana Ecological Move-to-Earn NFT game, has completed a $8.3 million seed round of financing.
NFT toy company OnChain Studios completed a $7.5 million seed round of financing led by a16z.
Game development studio Laguna Games has raised $5 million in seed funding led by Bitkraft Ventures and Delphi Digital.
Blockchain game company Vorto Gaming has completed $4 million in private financing to build infrastructure, ecosystems and markets.
MonkeyBall, an NFT game on the Solana platform, completed a financing of US$3 million, with participation from Solana Capital and Republic.
The chain game Fancy Birds recently received seed round financing, and top DeFi founders participated in the investment (such as Synthetix, Aave, SushiSwap).
The decentralized image network Numbers Protocol has completed a $6 million private placement and seed round of financing, with participation from Protocol Labs and Binance.
Manta Network, Polkadots ecological privacy protection project, completed a financing of US$5.5 million.
#cryptofund
Galaxy Interactive, a subsidiary of Galaxy Digital, has raised a $325 million investment fund to invest in crypto-related projects.
Sino Global Capital launched a $200 million fund, Liquid Value Fund I, which will invest in DeFi and NFT infrastructure.
The two funds founded by former a16z partner Jesse Walden have merged to jointly launch a $110 million initial fund to invest in the ownership economy, such as consumer platforms, games, infrastructure and DeFi.
Patron, a venture capital firm founded by former Riot Games executives, has launched a $90 million fund focused on investing in games and Web3.
ViaBTC Capital established a special venture capital fund of 50 million US dollars to support the implementation of Web3.0 infrastructure and application projects.
Blockchain venture capital fund AT Capital completed the first round of fundraising of 70 million US dollars.
Near progress:
Well-known projects in the Near ecosystem:
02 Cosmos: The power of IBC is about to be revealed
There are already a large number of excellent projects built on the Cosmos architecture, and now the focus is on the Cosmos Hub as the core, connecting them all through IBC:
03 Harmony: Little transparency in the new public chain
Harmonys sharding technology combines its unique EPoS mortgage mechanism and VDF-based random number algorithm, which can take both decentralization and security into consideration. On September 10th, Harmony officially announced that it will provide treasury funds worth more than 300 million US dollars in the next four years to support ecological construction, and TVL has ushered in a substantial increase since then.
No.2 Web3 Application and Infrastructure Progress
Recently, Mirror has opened up the creation authority to all Ethereum addresses. Creators can use the six functions of Entries, Crowdfunds, Editions, Auctions, Splits, and Token Race. a basic function. Currently, these six Web3 tool components are open, and anyone can connect their own wallets and start building Web3 projects. Mirror shows people the broad imagination of Web 3.0 applications. These basic functions unlock the capabilities that Web 2.0 does not have, such as copyright crowdfunding, content capitalization, collaborative revenue distribution, and DAO voting governance, for creators.
If crowdfunding and content capitalization are just the application of ICO and NFT in content copyright, then the distribution of collaborative income further releases creative productivity, lowers the threshold for collaboration, and encourages more people to join in creation. The essence of Mirrors revenue sharing function is to create a smart contract deployed on Ethereum. After setting multiple revenue addresses, the revenue obtained will be automatically transferred to this address. Lenovos two recently popular organizations, Bankless DAO and FWB DAO, group talents according to different themes and generate a lot of discussions and exchanges every day. Some ideas that have gained consensus may enter the productization stage. Talent + idea + consensus, combined with Mirrors revenue sharing function, what will happen? Very exciting.
Web 3.0 applications require a series of Web 3.0 infrastructures. Mirror uses the Arweave data storage protocol to store user content, and integrates the decentralized domain name service ENS to ensure creator rights. As an important infrastructure of Web 3.0, Arweaves revenue has grown rapidly in the past two months, surpassing Filecoin. In Q3, Arweave generated more revenue than all Web3 protocols in the Web3 Index. Arweave is a very good NFT infrastructure and will support more NFT projects in the future.
*Web3 Index is an index that tracks Web3 infrastructure, bringing together the revenue earned by Arweave, Filecoin, Akash, Livepeer, The Graph, and Helium.
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No.3 Pledge Protocol: PoS public chain infrastructure
In the PoS mode, the blockchain can greatly reduce energy consumption, lower the entry threshold for network participants, and increase the diversity of verifiers. The Ethereum Beacon Chain was officially launched in December last year. It is a PoS chain running in parallel with the current PoW Ethereum mainnet. The Beacon Chain allows people to pledge ETH, but it is temporarily unable to withdraw ETH on the Beacon Chain. Users will be able to withdraw funds following the Ethereum PoS merger, which is expected to take place as soon as June next year. JPMorgan Chase said in a report in July this year that the current Staking mechanism brings about $9 billion in revenue to the encryption industry every year. The report predicts that this figure could increase to $20 billion following Ethereum’s move to PoS, with total staking returns reaching $40 billion by 2025. Except for Ethereum, the current major smart contract platforms all adopt the PoS mechanism.
In October, 2 staking platforms received investment:
The pledge protocol Lido has developed into the largest pledge service provider on Eth 2.0, paying depositors an annualized return (APR) of about 4-7% through pledge. Currently, more than 1.3 million ETH are pledged, accounting for the existing circulating supply of ETH more than 1% of the volume. September Lido started supporting Solana.
*Lido raised $73 million in May, led by Paradigm.
The special feature of Lido is that users can not only get staking rewards, but also use staking certificates to participate in other DeFi projects:
Other notable staking protocols:
No.1 Market Data
#bitcoin
#contract
#DeFi
#ETF
No.2 Encryption Project Progress
#Layer2
#DeFi
#other
#NFT#Metaverse
#Ecological Fund
#service#channel
#service#channel
#asset management
#CeFi#financing#acquisition
#NFT+
#cooperate
No.4
Crypto project investment and financing
#DeFi 2.0
#DEX
#decentralized derivatives
#NFT#Game
*On August 20th, Parallel NFT once topped OpenSeas daily trading list and received a large increase in holdings from Paradigm.
* In the next round of cooperation with Framework, Delphi Digital, a16z. Fancy Birds hopes to become the next Flappy bird. The game has 8888 randomly generated NFT characters, and casting has not yet started.
#other
#cryptofund
