Topics of Crypto World

The popularity of Runes is a setback in the development of crypto technology, but it is also the best embodiment of the core value of Web3

The new social game Fantasy Top (FT) on the Blast platform is about to undergo a Token Generation Event (TGE). FT is a SocialFi application that combines Twitter's social features with card games. Users can build decks by purchasing card packs and trading cards, participating in tournaments to earn rewards. The game's cards are divided into different rarities, and influencers' performance on Twitter affects the value of the cards. FT also introduces incentive mechanisms to encourage user engagement and increase card levels. During the testnet phase, FT has already attracted a large number of users and trading volume, demonstrating its potential market appeal.

Monad is a highly scalable Layer 1 smart contract platform with a rapidly growing ecosystem. Currently, over 80 protocols and dApps are planning to build on it, with expectations to reach 150 to 200 by the time the mainnet launches. Key partners of Monad include LayerZero and Pyth Network, which will enhance its cross-chain interoperability and provide reliable pricing data. Monad's roadmap includes its establishment in February 2022, securing $19 million in funding by February 2023, releasing documentation in September of the same year, planning to launch a testnet in the second half of 2024, and aiming to start the mainnet by late 2024 or early 2025. Technologically, Monad combines parallel execution with EVM compatibility, positioning it to potentially compete with existing platforms like Solana in terms of technical performance. Although Solana leads in speed and scalability, Monad's EVM compatibility offers an additional advantage. Moreover, Monad's technology may enable it to surpass other platforms lik

The historical growth issue in Ethereum scalability highlights that the accumulation of new blocks and transactions is the biggest bottleneck. Historical growth is limited by network I/O and node storage space, differing from state growth issues. The article mentions that although the Dencun hard fork introduced blobs to slow down historical growth, it remains a challenge. The EIP-4444 proposal suggests that each node should only keep one year of history, significantly reducing storage burden and stabilizing storage needs.

MakerDAO has performed exceptionally well in the past year, demonstrating its robust business model and adeptness at handling the volatility of the crypto market. Its business acumen, surpassing other blue-chip tokens, and its annual revenue of approximately 230 million USD underscore its financial efficiency in the DeFi sector. However, the realization of MakerDAO's Endgame will face challenges. The key to success lies in balancing innovation and strict risk management, especially when MKR takes on the role of collateral. Looking ahead, whether MakerDAO can effectively implement its Endgame plan and demonstrate actual benefits will be critical. This will further solidify its leadership position in the DeFi sector, presenting a stronger, user-centered platform to handle the dynamic changes in the crypto world.

This article discusses new standards in the semi-fungible token field, such as ERC-404, TinySPL, and Asteroids, and their role in promoting new models of digital economy and asset forms. The article evaluates the performance of these standards in enhancing asset interoperability, binding assets with identities, scalability, cost efficiency, and simplifying user experience. At the same time, it points out the challenges faced by ERC-404 tokens, including lack of formal review, security risks, and market acceptance issues.

The article discusses the value and challenges of fully on-chain games in the Web3 domain. As a significant branch in the cryptocurrency field, fully on-chain games provide unique value propositions, including real-value assets, free transfer of value, attributes of betting chips, and the elimination of consumption restrictions. These characteristics enable fully on-chain games to surpass traditional games in certain aspects, allowing players to experience the true value and freedom of cryptocurrency assets.

As an innovative cryptocurrency trading platform focusing on the creation and trading of memecoins, Pump.Fun provides a unique and attractive market environment by combining the interactivity of social media and the financial technology of cryptocurrencies, encouraging more users to enter into the decentralized financial field through a low-barrier to participation, exploring and create digital currencies based on pop culture and internet meme.

Decentralized confidential cloud computing services ensure the decentralized nature of cloud computing and maintain data security and privacy, but more crucially, they also enable broader DePIN business logic. Using token incentives to reduce the cost of cloud computing services, anyone requiring low-latency and high-computational power services can opt to deploy on WeTEE, receiving a generic cloud computing solution comparable to traditional cloud services. Users and developers from any public blockchain ecosystem can utilise WeTEE's confidential cloud computing services, thereby helping WeTEE become a foundational infrastructure for AI+Crypto driven by the entire blockchain, directly capturing the value of computational demand across the network.

This article provides a comprehensive analysis of the current state of Japan's Web3 industry, including the details of Japan's Web3 promotion policy, its impact on local Web3 ecosystem players, and identifying the exact changes that have resulted. Additionally, the report explores business opportunities in the Japanese Web3 market, assessing potential short-term gains and long-term growth prospects.

Vitalik Buterin provides a detailed introduction to Binius, a highly efficient proof system based on binary fields. The article first reviews the concepts of finite fields and arithmetization, explaining how SNARK and STARK proof systems work by converting program statements into polynomial equations. Vitalik points out that although Plonky2 has proven that using smaller 64-bit and 31-bit fields can significantly improve the efficiency of proof generation, Binius further enhances efficiency by operating directly on zeros and ones, taking advantage of the features of binary fields. Binius uses multivariate polynomials to represent computational traces and employs a series of mathematical tricks, including the concept of hypercubes and Reed-Solomon encoding, to construct proofs. Vitalik believes that the direct computational ability of binary fields and operations on bits are key to Binius's efficiency.

Outlier Ventures has taken notice of the development of decentralized social networks, particularly Farcaster and Lens Protocol, which have begun to attract genuine user attention. The article explores the application of cryptographic technology in social networks, as well as the challenges of private key management and mobile experiences. The goal of decentralized social networks is to break the limitations of traditional platforms, providing user identity portability and more control. DeSo (decentralized social) offers permissionless communication and broadcasting capabilities, while SocialFi combines Web3 primitives with decentralized finance. Friend Tech has discovered the potential of token-gated chats. The Lens Protocol is a composable social graph deployed on Polygon, whereas Farcaster is a Web3 social network built on Ethereum, using smart contracts and a peer-to-peer network matrix based on "Hubs." Farcaster implements its architecture through a set of smart contracts deployed on Optimism and has att

Swell Network is an innovative non-custodial staking protocol offering liquid staking and restaking services, designed to simplify DeFi access and secure the future of Ethereum staking services. Swell has rapidly grown its TVL to $2.1 billion through its unique architecture, which includes the restaking Rollup and EigenDA data layer, as well as a native yield mechanism. The growth of Swell L2 has been particularly notable, with its pre-launch deposits increasing from zero to over $1 billion in just 28 days, demonstrating its potential and leadership in the DeFi sector.

This article provides detailed explanations and analyses regarding whether USDe has addressed the three major challenges of stablecoins, namely scalability, decentralization, and stability. It emphasizes the problems USDe aims to solve and how it intends to address them. By offering a decentralized stablecoin solution, USDe aims to achieve transparency, resist censorship, and attain independence from traditional financial systems.

The article discusses the concept, application directions, and related cryptocurrency projects of decentralized computing. Decentralized computing mainly involves processing data to output results, with its biggest market demand being AI training. Despite facing technical challenges such as data synchronization, network optimization, and data privacy and security issues, decentralized computing holds tremendous potential in the field of AI.