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Uniswap launches Unichain leading the new wave of Layer 2, potentially reshaping the DeFi market landscape.
Decentralized Finance行业最新动态
1. Decentralized Finance Industry Observation
1. Uniswap launched the Layer 2 network Unichain based on Optimism technology.
Uniswap Labs has launched a Layer 2 network called Unichain, built on the Optimism OP Stack technology. Unichain is expected to go live on the testnet on October 10, with the mainnet launching later this year.
Unichain has introduced a Trusted Execution Environment ( TEE technology developed in collaboration with Flashbots. With TEE, the block construction time can be reduced to 200-250 milliseconds, significantly exceeding the speed of 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. The core technological breakthrough of Scroll lies in zkEVM and hardware acceleration, collaborating with the Ethereum Foundation to adopt the Halo2 verification system and developing the PipeZK hardware accelerator.
SCR tokens have governance functions, allowing holders to vote on the development of the Scroll protocol. In the future, SCR will also be used for decentralized validators and sorters, multi-chain coordination, staking, and more.
The total supply of SCR is 1 billion, with an initial circulating supply of 190 million )19%(. The Scroll network architecture includes an ordering layer, a validation layer, and a settlement layer.
) 3. Native USDC officially launched on Sui.
Native USDC has now launched on the Sui mainnet, allowing developers and users to access it directly without the need for cross-chain bridging. Circle Mint and Circle API fully support USDC on Sui.
Sui is the first blockchain based on the Move programming language that supports native USDC. As of October 2024, the Sui ecosystem has covered more than 85 applications, involving Decentralized Finance, gaming, decentralized infrastructure networks, and more.
The native USDC is issued by Circle and can be exchanged 1:1 for US dollars. However, the wUSDC that was previously bridged through the Wormhole is not issued by Circle and cannot be exchanged with Circle.
4. U.S. court did not approve the sale of Silk Road Bitcoin, panic is a false rumor
Recently, there have been rumors that "the U.S. Supreme Court has approved the sale of 69,370 bitcoins seized from Silk Road," which has led to a drop in bitcoin prices. In fact, this is just clickbait and does not align with the truth.
The Supreme Court only dismissed Battle Born Investments' lawsuit regarding the ownership of Silk Road Bitcoins, confirming that these Bitcoins still belong to the U.S. government and do not approve their sale.
Considering the upcoming US elections, 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. Overview of Sui Ecosystem Decentralized Finance Projects
The strongest areas of development in the Sui ecosystem are focused on Decentralized Finance and Meme-related projects. The main DeFi projects include:
Lending Agreement:
DEX:
Other Decentralized Finance projects:
6. Pyth collaborates with Uniswap to support Unichain Decentralized Finance.
Uniswap announced that its newly developed blockchain Unichain will choose 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.
The CEO of Douro Labs stated that Pyth's real-time data service will enable Unichain developers to access fast and reliable market data, helping to build the next generation of on-chain financial applications.
7. Aptos set a new record for daily transaction volume among L1 blockchains in the second quarter.
According to the Messari report, Aptos set multiple new records in the second quarter:
This shows that the Aptos ecosystem is rapidly developing, especially with significant growth in Decentralized Finance and decentralized trading.
) 8. A trading platform invests in ZKsync "Elastic Chain" Sophon
Sophon recently announced that it has received investment from a certain trading platform. Sophon is an elastic chain based on ZKsync, focusing on entertainment applications such as gaming, social, and AI.
Sophon utilizes ZK Stack technology to achieve gas-free native account abstraction, with the zkEVM codebase based on zkSync performing excellently. As a project incubated by Merit Circle, the Sophon mainnet is expected to launch next month.
This investment will accelerate ecosystem development. The investment director of the trading platform stated that Sophon has great potential in the entertainment and AI fields.
2. Decentralized Finance Data Panel
1. TVL data
The Sui blockchain has successfully entered the top ten in the recent TVL rankings, demonstrating its strong growth momentum in the Decentralized Finance sector.
 2. Stablecoin Data
The total market capitalization of stablecoins 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 has slightly declined over the past week. Uniswap's 24-hour trading volume is $1.542 billion, with a 7-day total of $9.799 billion, down 1.81% for the week. PancakeSwap's 24-hour trading volume is $1.044 billion, down 23.92% for the week.
Cetus has seen strong growth, with a weekly increase of 64.20% and a 24-hour trading volume of $161 million.
3. Decentralized Finance Market Analysis
The launch of Unichain by Uniswap is a significant event in the DeFi market, expected to attract a large amount of liquidity again. As a superchain architecture, Unichain can integrate the liquidity of multiple ecosystems, with the TVL expected to reach the tens of billions level.
Unichain's low cost and high speed will attract more application deployments. The UNI token, as a key element of the validation nodes, will significantly enhance its status.
More large projects are expected to be deployed on Unichain, potentially giving birth to multiple unicorn companies. DeFi protocols that are the first to lay out the Unichain ecosystem are expected to gain a first-mover advantage.
![Uniswap launches Unichain, an L2 network based on Optimism|Snap DeFi Biweekly Report October ###](https://img-cdn.gateio.im/webp-social/moments-0452c3188b4d2a9b2055838e2abc26d5.webp(