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A parachain auction, as it is also known, involves two types of crypto coins: Polkadot (DOT) and Kusama (KSM).

This article explores the Dutch Auction, an auction method that has been popular since 1887, and its application and evolution in Web3. Originally used in traditional finance and bulk crop trading, Dutch Auctions are now employed in the asset issuance of Web3 projects. Projects like Solana and Yield Guild Games have adopted this method, leading to the development of advanced mechanisms such as liquidity bootstrapping pools and progressive Dutch auctions.

Parachain auctions are a crucial aspect of the Polkadot ecosystem, allowing projects to secure a slot on the network and access its features. In this process, multiple projects bid for limited slots, making the auction competitive and complex.

The existence of OEV has resulted in value redistribution among different stakeholders, and API3 claims to use an auction mechanism to make the OEV redistribution as reasonable as possible (allocated through market mechanisms), and try to bring faster and lower-cost price updates.

Kusama coin (KSM) is the native token of the Kusama Network with on-chain governance capabilities for users. KSM offers a wide range of use cases such as staking, governance, and parachain auction.

In 2022, NFT remains one of the most popular assets in the crypto market. NFT trading attracts the attention of users from a broad range of industries, even in a bear market. Although NFTs were often traded at a high price when the market was upward, this industry is thriving at present. In this article, we will review the ten most expensive NFT transactions since their genesis, and understand the crypto projects behind these transactions. In this article, we tracked NFT sales ranking and auction ranking, and made a list based on the final transaction price of each NFT. The transaction price is based on statistics on various websites over the years, and is given in USD converted from the cryptocurrency used in the transaction. As the price of the cryptocurrency will fluctuate, we use the USD price of the transaction or auction as a reference.

This article explores the potential of establishing robust miner extractable value auction infrastructure on Monad, drawing valuable insights from Flashbots on Ethereum and Jito Network on Solana. MEVA plays a crucial role in optimizing block production, mitigating external influences, and enhancing system stability, significantly promoting the resolution of scalability issues and aligning the incentive mechanisms of network participants.

Injective is an interoperable Layer 1 (L1) blockchain dedicated to building DeFi applications, designed to be a truly decentralized, trustless, and publicly verifiable system. INJ, the native utility and governance token of Injective Protocol, plays an important role in protocol and ecosystem governance, derivative collateralization, protocol security, market making, relayer incentives, and protocol fee value capture. In addition, the INJ token has a unique “burn auction” mechanism, which facilitates the value accrual for the entire Injective ecosystem.

Term Finance is a fixed-rate lending protocol built on Ethereum. It matches borrowers and lenders through regular auctions (usually every four weeks), with the settlement rate determined by the auction and the quotes provided by both parties. It is similar to peer-to-peer lending. The project's product logic is coherent, with a focus on fixed rates and interest rate smoothing, providing borrowers and lenders with more favorable rates. However, currently, there is low demand for fixed-rate lending in the market, and the four-week lending cycle set by the project is short, making the operation somewhat cumbersome. Overall, its attractiveness is limited. The project has not yet issued tokens, and the total locked volume is close to ten million.

Pencils Protocol is a comprehensive application platform in the Scroll ecosystem, formerly known as PenPad. It offers features like LaunchPad, Staking, Vault, and Shop, providing auction and yield aggregation services for blockchain-native and real-world assets. The platform introduces a Pencil points incentive mechanism, which users can earn through staking and participating in marketing activities. Backed by several prominent investors, Pencils Protocol aims to become Scroll's native gateway, redefining the L2 space using zero-knowledge technology and promoting the development of the Scroll ecosystem.

This article primarily explores the reasons behind the recent 7-fold increase in the token value of Bounce Finance, a well-known Bitcoin IDO platform.

This article introduces the historical changes of Bounce Finance and why it became the BTC IDO platform.

Polkadot is currently a remarkable project in the blockchain field. With the gradual advancement of the Ethereum upgrade, Polkadot's performance and architectural advantages have suffered a lot, but it remains one of the most powerful competitors in terms of public chain infrastructure. If Bitcoin represents blockchain 1.0 which has opened up the crypto world, and Ethereum represents blockchain 2.0 which has promoted technology applications. In that case, when it comes to blockchain 3.0, it is surely represented by the popular cross-chain project - Polkadot (DOT). Polkadot neither loads smart contracts nor runs blockchain programs, but tries to establish an intermediate chain (Relay Chain) that can connect to other public chains and allows them to achieve reliable Interchain Message Passing (ICMP). The "Father of Polkadot'' Gavin Wood intended to use Polkadot to realize the interconnection between different public chains, thereby making it the Internet of blockchains. ## Polkadot’s team The major organizati

Level Finance is the largest decentralized perpetual contract trading platform on the BNB chain. It utilizes a liquidity pool model where LPs act as the counterparty in trades, sharing in transaction fee profits. Trading prices are updated in real-time by oracles. A distinctive feature of the protocol is the introduction of "Tiered Tranches" for risk management. Each Tranche contains varying proportions of volatile assets, leading to differing incentives and revenue allocations. LPs can add liquidity to various Tranches based on their risk preferences.

Established as one of the earliest DAOs on Ethereum, MakerDAO introduced the decentralized stablecoin, DAI. By instituting a system that eliminates centralized custodial risks, it has revolutionized the DeFi arena. This article offers a comprehensive exploration of MakerDAO's early history, key mechanisms, security features, and its present governance landscape.