Decentralized Finance Industry Observation

Uniswap Labs Launches Unichain Network

Uniswap Labs has launched a new Layer 2 network called Unichain based on Optimism technology. The network is expected to launch its testnet on October 10, with the mainnet set to be released later this year. Unichain introduces a trusted execution environment technology developed in collaboration with a certain company, which can reduce block construction time to 200-250 milliseconds, significantly enhancing transaction speed.

A trading platform launches Scroll token

Scroll is an Ethereum Layer 2 zkRollup solution that uses zero-knowledge proof technology to enhance Ethereum's scalability. The core technological breakthrough of Scroll lies in zkEVM and hardware acceleration, achieving a performance improvement of 10 times in verification speed. The Scroll token SCR will be used for governance, verification, and other purposes, with a total supply of 1 billion tokens and an initial circulation of 190 million tokens.

Native USDC Launches on Sui

Native USDC has now been launched on the Sui mainnet, allowing developers and users to access it directly without the need for cross-chain bridging. This makes it easier for users to obtain USDC liquidity and enjoy the high speed and security of the Sui network. Sui is a Layer-1 blockchain based on the Move language, and its ecosystem already encompasses over 85 applications.

US Court Ruling on Silk Road Bitcoin

Recently, rumors about a U.S. court approving the sale of Bitcoin seized from Silk Road are false. In fact, the U.S. Supreme Court only dismissed a lawsuit by a company claiming ownership of these Bitcoins, confirming that they still belong to the U.S. government, not approving their sale. Considering the upcoming U.S. elections, there remains a possibility that the government may sell these Bitcoins before the elections, but there is no need to panic at this time.

Overview of Sui Ecosystem DeFi Projects

The Sui ecosystem is currently strongest in the fields of Decentralized Finance and Meme-related projects. The main DeFi projects include:

• Lending Protocols: Navi Protocol, Suilend Protocol, Scallop Protocol
• Decentralized Exchange: Cetus Protocol, Turbos Finance, DeepBook
• Other DeFi projects: Bucket Protocol, Bluefin, Typus Finance

Pyth collaborates with Uniswap

Uniswap announced that its newly developed blockchain Unichain will select Pyth Network as its real-time data service provider. Pyth Network will provide Unichain with over 500 real-time price data sources, updating every 400 milliseconds to ensure developers can access accurate and reliable Decentralized Finance data.

Aptos Blockchain Sets New Transaction Volume Record

According to a report from a certain organization, Aptos has set multiple new records as an L1 blockchain in the second quarter of this year.

• Daily trading volume increased by 474%, reaching 4.4 million transactions.
• Decentralized Finance total value locked increased by 123%, reaching approximately 603 million USD
• DEX daily trading volume increased by 189%, reaching 30 million USD

An investment institution invests in the ZKsync elastic chain project

Recently, Sophon announced it has received investment from a certain investment institution. Sophon is a flexible chain based on ZKsync, focusing on entertainment applications such as gaming, social networking, and artificial intelligence. Sophon utilizes ZK Stack technology to achieve gas-free native account abstraction, with the mainnet expected to launch next month. This investment will accelerate its ecosystem development and support innovative projects.

Decentralized Finance 数据面板

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.

Stablecoin Data

The total market capitalization of stablecoins is $172.818 billion, a slight decrease of 0.19% over the past week. USDT's market share is 69.26%, USDC is 20.1%, and other stablecoins like DAI, USDe, and FDUSD have smaller but steadily growing shares.

DEX Data

The trading volume on decentralized exchanges has slightly declined over the past week. Uniswap and PancakeSwap still lead, but their performance has decreased. Cetus shows strong growth momentum, rising 64.20% this week, demonstrating that emerging platforms are standing out in the competitive DEX market.

Finger Snap Decentralized Finance Radar

Uniswap has launched Unichain, a Layer 2 network built on the Optimism OP Stack. This strategic initiative will reshape the Decentralized Finance landscape. Unichain is expected to attract a significant amount of DeFi liquidity back to itself and form a strong ecosystem with other superchains, with the total locked value expected to reach the ten billion dollar level.

The low-cost and high-speed characteristics of Unichain may attract more applications and teams to deploy, with the potential to give birth to multiple unicorn projects. The UNI token, as a key element of validation nodes, will see a significant increase in its status. Many institutions have begun to layout UNI nodes, bringing opportunities to its Liquid Staking / Restaking market.

We are optimistic about those DeFi protocols that seize the Unichain opportunity first, as they are expected to make a comeback.