Gate Research Institute: Hot Topics Summary (12.23-12.27)

Overview

This report focuses on the blockchain industry dynamics from December 23rd to December 27th. Wormhole DAO is about to go live, driving W governance and staking incentives. The dYdX community voted to approve a $4 million DEP funding plan. gate Group's acquisition of Coin Master marks its official entry into the Japanese market. The BIO Protocol community initiated a proposal to cross-chain BIO to the Solana network. US-listed company KULR launched a Bitcoin reserve, purchasing approximately 217 bitcoins.

Project

Wormhole DAO is about to be launched, driving W governance and staking incentives

Wormhole announced that its Decentralized Autonomous Organization (DAO) will officially launch in the first quarter of 2025, providing an opportunity for users holding W tokens to participate in governance. This plan aims to attract more users to participate in the Wormhole ecosystem through incentive mechanisms, increase the long-term holding of tokens, and strengthen community governance capabilities.

As a decentralized universal messaging protocol, Wormhole provides developers and users of cross-chain applications with the ability to operate in multiple ecosystems. The launch of this DAO and staking plan further enhances its decentralized governance system, providing more resources and community-driven force for the development of the ecosystem. These measures not only enhance the ecological value of Wormhole, but also attract more users and developers in the encryption field to pay attention to its technological innovation and future development potential. Through multidimensional layout, Wormhole is consolidating its leading position in the field of cross-chain technology and injecting new impetus into the continuous evolution of Web3 applications. [1]

dYdX community voted to approve the $4 million DEP funding program

The dYdX community recently completed a critical vote in support of allocating 4 million US dollars from the treasury subDAO assets to fund the next 14 months of the DEP (dYdX Ecosystem Plan). The vote attracted 43 out of 60 active validating nodes and 813 accounts, with a voter turnout of 57.38%. The final result showed that 75.02% of the votes supported the proposal, only 0.11% opposed it, and 24.87% abstained.

This resolution demonstrates the dYdX community's emphasis on ecosystem development. Through DEP, dYdX will further promote the construction of a decentralized derivatives trading ecosystem and provide more resource support for developers and the community. The high level of participation and overwhelming support from the community indicate that dYdX is gradually maturing in terms of governance, highlighting the important role of decentralized autonomous organizations (DAOs) in resource allocation and strategic decision-making. This funding program is expected to further enhance dYdX's competitiveness and consolidate its leading position in the decentralized derivatives market.

gate Group acquires Coin Master officially entering the Japanese market

Gate Group recently announced the acquisition of Japanese cryptocurrency service provider Coin Master Co., Ltd. through its Singapore entity, Gate Information Pte. Ltd., and renamed it Gate Japan K.K. This acquisition marks Gate Group's official entry into the Japanese market and further expands its influence in the global digital asset industry. Previously, Gate.io announced the cessation of opening new accounts for Japanese users and gradually discontinuing global services. This acquisition will help Gate Group provide a localized digital asset trading platform for Japanese users while complying with local laws and regulations.

With the increasing importance of Japan in the global digital asset market, the country's regulatory framework is gradually improving, bringing new development opportunities for the industry. The acquisition of Coin Master Co., Ltd. by gate Group not only helps strengthen its compliance operations in Japan, but also utilizes technology and resources from the global market to provide Japanese users with more innovative services. With the implementation of this strategic initiative, gate Japan will bring more localized products to the Japanese market, enhance user experience, and further promote the healthy development of the digital asset industry.

BIO Protocol community initiated the proposal to cross-chain BIO to the Solana network

The DeSci protocol BIO Protocol community initiated a proposal to 'cross-chain BIO to Solana' in order to expand its influence by deploying BIO tokens on the Solana blockchain. This will allow the protocol to establish a liquidity pool to enhance the accessibility of BIO tokens and other tokens in the BIO ecosystem, and lay the foundation for deploying the BIO Protocol on the Solana chain.

If the proposal is passed, the BIO community will take the following actions of the BIO Association: First, establish a cross-chain bridge infrastructure to achieve seamless token transfer on / off the Solana blockchain. Second, bridge the BIO token by deploying the BIO token program on Solana. Third, grant the BIO Association the authority to allocate an additional 1% from the ecological incentives to the market liquidity fund for deployment of liquidity pools on Solana and potentially other chains. This proposal reflects Solana's influence in the cryptocurrency industry as a high-performance public chain. At the same time, with Solana's fast transaction speed and low transaction fees, BIO will attract more users to participate, thus increasing its trading volume and liquidity. [4]

U.S. listed company KULR launches Bitcoin reserve, purchasing about 217 bitcoins

US listed company KULR launches a Bitcoin reserve, spending $21 million to purchase approximately 217 Bitcoins. Earlier this month, KULR announced that its board of directors had agreed to make Bitcoin its primary asset in its financial plan. KULR is an energy management platform that provides cutting-edge energy storage solutions for space, aviation, aerospace, and defense. In addition to KULR, several US listed companies, including Genius Group, Cosmos Health, and Semler Scientific, have announced their Bitcoin reserve plans. Many listed companies have included Bitcoin in their asset allocation, in part because of the widespread influence of MicroStrategy's increase in market value after configuring Bitcoin. 【5】

Tip Users should participate cautiously, be aware of the risks, and conduct thorough research before participating. Gate.io does not guarantee the subsequent development of the project.

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