Uniswap launches Unichain leading the new wave of Layer 2, potentially reshaping the DeFi market landscape.

robot
Abstract generation in progress

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.

![Uniswap launches Unichain, an L2 network based on Optimism|Snap DeFi Biweekly Report October )](https://img-cdn.gateio.im/webp-social/moments-98f84d044e41469bc2f64d1ac8d17a8b.webp(

) 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:

  • Navi Protocol: Highest TVL, over $350 million
  • Suilend Protocol: Developed by the Solend team
  • Scallop Protocol: TVL exceeds 150 million USD

DEX:

  • Cetus Protocol: Highest trading volume and TVL
  • Turbos Finance: Rapid Growth
  • DeepBook: Adopts an efficient architecture

Other Decentralized Finance projects:

  • Bucket Protocol: Stablecoin Project
  • Bluefin: Derivatives Trading Platform
  • Typus Finance: Derivative Infrastructure

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:

  • The average daily trading volume grew by 474%, reaching 4.4 million transactions.
  • DeFi TVL increased by 123% quarter-on-quarter, reaching 75 million APT ### approximately 603 million USD (
  • DEX daily trading volume increased by 189%, reaching 30 million USD

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.

![Uniswap launches the Optimism-based L2 network Unichain|Snap DeFi Biweekly Report October ###](https://img-cdn.gateio.im/webp-social/moments-10d990d1edf4eadb085df95640efee75.webp(

) 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(

UNI-1.81%
DEFI6.11%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 4
  • Share
Comment
0/400
CryptoHistoryClassvip
· 23h ago
*checks historical data* ah yes, the classic "L2 season" pattern emerging... just like 2021 all over again
Reply0
NFTragedyvip
· 23h ago
uni is up to something again.
View OriginalReply0
DeadTrades_Walkingvip
· 23h ago
It's time to do something new, right?
View OriginalReply0
AirdropHunter007vip
· 23h ago
L2 roll up!
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)