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Gate Research Institute: Hotspot Summary (11.18-11.21)
Overview
This report focuses on the major developments in the blockchain industry from November 18th to November 21st. Significant progress has been made in several areas such as public chains, Decentralized Finance, GameFi, and more. Especially in the public chain ecosystem, Chainlink has launched the "Chainlink Runtime Environment" (CRE) standard framework, Raydium has set a historical record of $11.31 million in transaction fee revenue, and dYdX Unlimited has been officially launched to support permissionless markets. In addition, Stripe and USDC have joined the Aptos ecosystem, bringing new milestones for Cross-Chain Interaction payments and Decentralized Finance. These developments indicate that blockchain technology continues to advance innovation in various fields, providing users with more application scenarios and development opportunities.
Project
Chainlink launches the Chainlink Runtime Environment (CRE) standard framework
Chainlink has launched a new 'Chainlink Runtime Environment' (CRE) standard framework to seamlessly connect TradFi with the Blockchain world. The core functionality of Chainlink is gradually becoming modular, allowing developers to flexibly combine these modules into workflows and execute them through CRE. CRE enables off-chain execution of computations and returns the results to on-chain Smart Contracts, thereby improving the execution efficiency and complexity of Smart Contracts. With the CRE framework, developers will be able to seamlessly integrate all Chainlink functionalities, create customized applications, and unlock application scenarios without any limitations from chains, off-chain resources, or product integrations.
The CRE standard framework launched by Chainlink is not only an innovative breakthrough in blockchain technology, but also marks an important step in the integration of blockchain with TradFi systems. The design of the CRE framework is based on mature programming languages such as COBOL and Java, aiming to provide a more compatible and feature-rich runtime environment for TradFi systems. This innovative cross-technological divide makes it easier for blockchain to integrate into existing financial infrastructure, especially in providing new solutions for financial transactions such as payments and transfers. Through the CRE framework, Financial Institutions can more easily access blockchain technology, greatly reducing technological barriers and access costs. This not only helps accelerate the digital transformation of the TradFi industry, but also promotes the integration of Decentralized Finance (DeFi) and TradFi systems. Financial Institutions can, on the premise of ensuring security and compliance, more efficiently utilize the advantages of blockchain, such as instant Settlement, cross-border payments, and Smart Contracts, to enhance the transparency and efficiency of the entire financial ecosystem.
Raydium sets a new record with $11.31 million in transaction fee revenue
Driven by the memecoin craze, Solana's DApp fee revenue has reached a new high recently. According to DefiLlama data, in the past 24 hours, Solana's ecosystem protocol has occupied half of the top ten in terms of fee revenue.
On November 17th, Automated Market Maker Raydium refreshed its historical record of daily transaction fees with $11.31 million. The daily transaction fees of liquid staking protocol Jito also reached $9.87 million, ranking third in history. In addition, the daily transaction fees of memecoin launch platform pump.fun and Telegram trading bot Photon reached $1.65 million and $2.36 million, respectively, both setting new historical highs.【2】
dYdX Unlimited officially launched, supporting on-chain permissionless markets
The dYdX Foundation announced that the dYdX Unlimited version has officially launched. The dYdX Unlimited version brings significant updates, including: users can freely create trading markets to meet personalized needs; introducing MegaVault to provide users with more profit opportunities; incentivizing user participation and promoting platform development through optimized tokenomics.
The release of dYdX Unlimited marks a solid step for dYdX in the Decentralized Finance track. The launch of a series of innovative features such as instant market creation, MegaVault, and a brand-new incentive program not only enriches the platform's product matrix, but also highlights dYdX's leading advantages in technological innovation and user experience. The opening of the instant market creation feature will greatly stimulate the community's creativity and trading enthusiasm, enriching the platform's trading varieties. The launch of MegaVault provides users with a more convenient way of financial management, improving the efficiency of fund utilization. The new incentive program will further consolidate dYdX's competitiveness in the Decentralized Finance field and attract more users to join.
dYdX's successful exploration will have a profound impact on the entire Decentralized Finance industry. On the one hand, it will accelerate the development of Decentralized Finance trading platforms towards a more open and flexible direction. On the other hand, dYdX's innovative model will attract more users to enter the Decentralized Finance field and promote the overall prosperity of the industry. Furthermore, dYdX's success will also inspire other Decentralized Finance projects to innovate constantly and enhance the competitiveness of the entire industry.【3】
Compatible EVM Layer1 Somnia launches developer network (Devnet), with obvious performance advantages
Somnia is a high-performance Layer1 that is compatible with EVM. It is incubated by Improbable, a metaverse technology company that has raised $150 million. Improbable states that Somnia Layer1 has a transaction processing capacity (TPS) of over 400,000 transactions per second and transaction latency of less than 1 second.
Somnia Development Network has now opened Allowlist applications and invites developers to become the first group of builders in the Somnia ecosystem. To help developers achieve innovation, Somnia has launched a funding program of up to $10 million and has partnered with industry-leading infrastructure providers such as Ankr, Hamera, and ThirdWeb to provide comprehensive support for developers. Developers can apply for Allowlist to access advanced development tools and receive Somnia test Tokens (STT) through Faucet for in-depth testing on the developer network (Devnet). [4]
Stripe and USDC settle in the Aptos ecosystem, a new milestone in Cross-Chain Interaction payments and Decentralized Finance
On November 21, payment giant Stripe announced that it officially extends its encryption service to the Aptos (APT) blockchain and supports the native issuance of Circle's stablecoin USDC on the network. This is a significant development for Aptos in the field of decentralized finance (DeFi) and global payments. Previously, Aptos only supported the bridge version of USDC, but this upgrade will enable Aptos to join Circle's Cross-Chain Interaction Transfer Protocol (CCTP), achieving seamless circulation of USDC across multiple blockchains, including Ethereum, Solana, and other nine major blockchains. The Aptos Foundation stated that this move will greatly enhance the availability and capital efficiency of its ecosystem, supporting the development of more payment, cross-border remittance, and decentralized finance applications.
This cooperation has far-reaching implications for Aptos. First, the introduction of native USDC not only enhances the security of stablecoins on the Aptos network, but also provides developers with a simpler integration method, promoting the development of Decentralized Finance applications and other Cross-Chain Interaction solutions based on MoveVM. The addition of CCTP greatly improves Aptos' connectivity in the multi-chain ecosystem, helping to attract more capital inflows. In addition, Stripe's payment services will promote the application of stablecoins in global business scenarios, accelerating the adoption of Aptos. These measures not only strengthen Aptos' position in the Web3 infrastructure, but also create new market growth opportunities. The APT price may benefit from the expansion of the ecosystem and the influx of more funds in the future. [5]
Note Users should participate cautiously, pay attention to risks, and conduct sufficient research before participating. The subsequent development of the project is not guaranteed.
Reference:
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