Decentralized Finance行业动态与数据分析

1. Decentralized Finance Industry Observation

1. Uniswap launched 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 time to 200-250 milliseconds, significantly faster than the Ethereum mainnet and other Layer 2 networks.

2. A trading platform has launched Scroll($SCR)

Scroll is an Ethereum Layer 2 zkRollup solution that utilizes zero-knowledge proof technology to enhance Ethereum's scalability. Scroll collaborates with the Ethereum Foundation, employing the Halo2 verification system and has developed the PipeZK hardware accelerator, enabling GPU zkEVM verification speeds to be 10 times faster than CPU.

The Scroll token $SCR features include:

• Governance: Token holders can vote on the development of the protocol.
• Future uses: for validators and sorters, multi-chain innovation coordination, staking, etc.

SCR issuance data:

• Total Supply: 1 billion SCR
• Initial circulating supply at listing: 190 million SCR(19%)
• Airdrop allocation: 15% of total supply

3. Native USDC launched on Sui

Native USDC has been launched on the Sui mainnet, allowing developers and users to access it directly without cross-chain bridging. Circle Mint and Circle API fully support USDC on Sui.

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

The difference between native USDC and cross-chain USDC:

• Native USDC: Issued by Circle, can be exchanged 1:1 for USD.
• Cross-chain USDC(wUSDC): bridged through Wormhole, not issued by Circle

4. The U.S. court has not approved the sale of Silk Road Bitcoin.

Recently, rumors circulated that the U.S. Supreme Court approved the sale of 69,370 Bitcoin seized from Silk Road, leading to a drop in Bitcoin prices. In fact, the Supreme Court merely dismissed the lawsuit regarding the ownership of these Bitcoins, confirming that they belong to the U.S. government, and did not approve their sale.

However, considering that the U.S. elections are approaching, current officials may sell these Bitcoins before the elections. But this is just speculation, and there is no need to panic at the moment.

5. Main DeFi projects of the Sui ecosystem

The most developed areas of the Sui ecosystem currently focus on Decentralized Finance and Meme-related projects. The main DeFi projects include:

Lending Agreement:

• Navi Protocol: TVL exceeds $350 million
• Suilend Protocol: Developed by the Solend team
• Scallop Protocol: TVL exceeds 150 million USD

DEX:

• Cetus Protocol: The DEX with the highest trading volume and TVL on Sui
• Turbos Finance: supports a large number of meme token transactions
• DeepBook: adopts an efficient shared object pool structure

Other Decentralized Finance projects:

• Bucket Protocol: Decentralized stablecoin project
• Bluefin: Derivatives Trading Platform
• Typus Finance: Derivatives Infrastructure

6. Pyth collaborates with Uniswap to provide data support for Unichain.

Uniswap announced that its newly developed Unichain will select Pyth Network as its real-time data service provider. Pyth will provide Unichain with over 500 real-time price data sources, updating every 400 milliseconds.

7. Aptos set a new record for daily transaction volume for L1 blockchain in the second quarter.

Messari report shows that Aptos set multiple new records in the second quarter:

• Daily trading volume increased by 474%, reaching 4.4 million transactions
• Decentralized Finance TVL increased by 123% quarter-on-quarter, reaching 75 million APT
• DEX daily trading volume increased by 189%, reaching 30 million USD

8. An investment in ZKsync "Elastic Chain" Sophon on a certain trading platform

Sophon is an elastic chain based on ZKsync, focusing on applications such as gaming, social, and AI. Sophon utilizes ZK Stack technology to achieve gas-free native account abstraction, with the mainnet expected to launch next month. This investment will accelerate its ecosystem development.

2. Decentralized Finance Data Dashboard

1. TVL Data

Sui blockchain's TVL ranking has successfully entered the top ten, demonstrating its strong momentum in the Decentralized Finance sector.

2. Stablecoin Data

The global stablecoin market capitalization is $172.818 billion, a slight decrease of 0.19% over the past week. USDT market share is 69.26%, and USDC is 20.1%.

3. DEX Data

The DEX trading volume slightly declined over the past week. Uniswap's 24-hour trading volume is $1.542 billion, with a 7-day volume of $9.799 billion, reflecting a weekly drop of 1.81%. Cetus grew by 64.20%, with a 24-hour trading volume of $161 million.

3. Outlook of the Decentralized Finance Market

After Uniswap launched Unichain, the Decentralized Finance landscape underwent significant changes:

1. Unichain is expected to attract a large amount of Decentralized Finance liquidity again.
2. As a superchain architecture, Unichain can integrate the liquidity of multiple ecosystems.
3. The TVL is expected to reach the level of tens of billions of dollars.
4. More applications and teams may be deployed on Unichain.
5. The status of the UNI token is expected to improve significantly.
6. Be optimistic about the DeFi protocol that seizes the Unichain opportunity first.