Michael Nadeau的动态

?? Yesterday, Messari released the “State of Safe” Q3 report, giving a deep dive into the Safe Ecosystem. Here are the big takeaways! ???? 1?? Massive Growth in Safe Accounts Safe saw an all-time high of 14 million new accounts created in Q3’24—a 693% increase QoQ! ?? Thanks to World IDs on World Chain, 93% of these accounts came from this integration alone. 2?? Unprecedented Asset Volume Safe is securing more of the crypto ecosystem than ever with $72B in assets stored across 25+ million smart accounts. ?? Ethereum leads with 84% of the total assets stored in Safes. 3?? Revenue Generation with Community-Aligned Fees We introduced a fee structure on Safe{Wallet}’s native swaps, bringing in an annualized $1.7M for SafeDAO. This move aligns with our mission to support ecosystem growth while driving value back to the community. 4?? Layer-2 Powerhouse Optimism is where we see the most action, accounting for 88% of active Safe users. Yet Ethereum still handles 83% of our transaction volume—showing just how important Layer-1 is for major assets and transaction reliability. ?? This shows that Safe is setting a new standard for secure, user-centric smart accounts. And we’re just getting started. Read the report here https://lnkd.in/dEzU8i9y Daniel Partida Lukas Schor Julian Grigo Anirudh Singh Chohan

Is Ethereum’s scalability holding DeFi back??? Ethereum’s scalability issues have slowed down DeFi growth—high gas fees and slow transactions are a real barrier. But Layer 2 solutions like Arbitrum, Optimism, zkSync, and StarkNet are flipping the script. Here’s what they bring to the table: ? Faster transactions with dramatically reduced costs ? Wider access for users, driving mass adoption ? Boosted DeFi potential, increasing Total Value Locked (TVL) Layer 2 is more than a quick fix—it’s the foundation for the future of decentralized finance. ?? Ready to explore how these solutions are unlocking DeFi’s full potential? Dive into the details in our latest blog: https://lnkd.in/e7EXSwKw #DeFi #Layer2 #Ethereum #BlockchainInnovation

BSquared Network : Explained ?? The B2 Network introduces a scalable, secure, and flexible Layer-2 solution for Bitcoin. Its Zero-Knowledge Rollup and Data Availability Layer deliver faster transactions and broader applications without sacrificing decentralization, positioning Bitcoin for massive adoption. 2?? Investment Support Supported by top investors like HashKey Capital, B2 Network builds on the limitations of Bitcoin by addressing major pain points: Limited transaction throughput High fees Slow confirmations 3?? Layer-2 for Bitcoin Just as L2 networks like Optimism and Arbitrum enhance Ethereum, B2 Network’s dual-layer solution improves Bitcoin’s performance with two key components: Zero-Knowledge Rollup Layer: Manages transaction processing and proof generation through zkEVM, enhancing efficiency. Data Availability Layer: Secures data storage and verification on decentralized storage, B2 nodes, and Bitcoin’s network. 4?? A Game-Changer in Crypto Adoption B2’s L2 solution boosts scalability with features like: ZK-Rollups EVM Compatibility Account Abstraction Decentralized Storage 5?? Enhanced Smart Contracts and Off-Chain Transactions Turing-Complete Smart Contracts: Complex, programmable contracts capable of executing sophisticated logic. Off-Chain Transactions: Allows transactions without involving the Bitcoin main chain, reducing fees and processing time. 6?? Zero-Knowledge Proofs with Bitcoin’s Taproot Using ZK proofs with Taproot, B2 Network enhances transaction privacy without revealing sensitive data, delivering a secure and private environment for users. 7?? Data Availability Layer for Secure Storage The Data Availability Layer ensures data consistency across the network, reducing disruptions and maintaining efficient data flow. The Future of Bitcoin B2 Network envisions Bitcoin as more than just a payment tool. With enhanced scalability, it can support SocialFi, NFTs, and DeFi. Through EVM compatibility, B2 aligns Bitcoin with Ethereum’s Web3 framework, preparing it for future financial systems. More Info: Twitter : https://lnkd.in/gNtUE_6p Website : https://bsquared.network

Ethereum Layer 2 activity sees renewed growth in October. ? L2 Engagement Rise: L2 (Layer 2) engagement increased in the second week of October, coinciding with a market recovery, partly due to renewed interest in meme tokens and increased adoption of Base. ? Growth of L2 Ecosystem: The L2 ecosystem on Ethereum saw significant activity, especially on top L2 chains, with a total of around 34 high-profile L2 chains and 107 networks, using technologies like optimistic rollups and ZK-rollups. ? Decentralization and Utility Issues: Some L2 chains lack true decentralized proofs (especially ZK-rollups), leading to concerns that they may function more like centralized databases rather than decentralized systems. ? Mixed Opinions on L2: There are debates on whether L2 solutions are beneficial or detrimental to Ethereum’s ecosystem. Critics argue that Ethereum should focus on scaling directly or rely only on truly decentralized L2 chains. ? Risks with L2 Solutions: Some L2 projects are seen as risky due to centralized control over bridged assets, raising concerns about security. Only Arbitrum and Optimism currently operate without a central coordinator. ? L2 Fee Structure: L2 chains pay fees to Ethereum’s L1, but these fees are minimal compared to the overall gas economy of Ethereum. Some L2s extract fees directly from users, leading to concerns about their impact on the broader Ethereum network. ? User Adoption and Activity: In September, L2 chains had over 9.51 million active wallets, with engagement rebounding in October due to the performance of Base and higher transaction throughput, especially in DeFi activities. ? Ethereum Transaction Costs: Regular transactions on Ethereum cost around $2, while more complex activities like DeFi can reach up to $25, making L2 solutions attractive for users seeking lower fees. ? MEV and Block-building: More than 92% of Ethereum blocks include MEV (Maximal Extractable Value) boost, which aids in composable transactions but also poses risks like dark pool attacks.

Uniswap generated nearly $1.3b of trading and settlement fees across 5 primary chains over the last year. The protocol and token holders captured $0 of that value. [100% went to Liquidity Providers, Ethereum Validators, MEV bots, and the L2 sequencers] But with the launch of Unichain later this year, that's all about to change. Breaking down the economic impact of Unichain — Uniswap's new general purpose L2 within the OP Superchain: 1. Settlement fees. Instead of paying $368m to Ethereum validators, Uniswap Labs (and most likely UNI token holders) will capture that value when they launch Unichain. 2. MEV. In addition to taking Ethereum's settlement fees, Uniswap will also be able to capture MEV since they will own the validators on Unichain. MEV is estimated to be about 10% of total fees paid on Uniswap ($100m over the last year). They will have the option to share some of this with token holders as well. 3. Liquidity Providers. LPs will continue to receive 100% of trading fees, and may be able to participate in settlement & MEV as well once Unichain is live. _____ The winners of Uniswap's move to Unichain? - Uniswap Labs (capture settlement fees & MEV) - UNI token holders (participate in settlement fees & MEV by staking) - Uniswap LPs (participate in settlement & MEV by staking) - Optimism (will capture a % of settlement and MEV from Unichain) The losers of Uniswaps move to Unichain? - Ethereum Validators (could lose a large chunk of the $368m of settlement fees coming from Uniswap) - ETH token holders (less burned ETH and settlement fees) - Arbitrum, Base sequencers (loss of settlement fees & MEV to Unichain) ______ At the end of the day, Uniswap is simply integrating within the tech stack so that they can control more of the value they are creating through their interface and smart contracts. I'll be sharing a deeper dive into the economic impacts throughout the tech stack via The DeFi Report in the coming weeks. And we're releasing the Q3 installment of The ETH Report on Wednesday. If you'd like to have our latest research hit your inbox when it's published, see the link in the comments below ?? Data: powered by Token Terminal

Turns out, it's difficult to take the real world out of RWAs -- a great piece from the Federal Reserve Board's latest FEDS Notes on privacy, #tokenized assets, and public #blockchains ?????? ?? Takeaways and discussion points ?? 1?? In summary, the researchers found that smart contracts deployed on public #blockchains (i.e., Ethereum, Avalanche, Polygon Labs, etc.) provide some measure of #transparency... 2?? ...but availability of source code access is vital to understand token capabilities and functionalities... 3?? ...especially given the significant asset-specific customizations (i.e., off-chain integrations, controls, etc.) tacked on top of the base ERC-20 token standard ?? 4?? The FRB team also noted the potential implementation of a '#permissioned access' on a #permissionless network in future, representing an interesting design space (NB: see Polymath's #ERC1400 standard -- thanks Thomas Chew) 5?? Good to read their analysis of EIB's #tokenized bond, which they highlight "contained a number of descriptive fields (e.g., interest rate, coupon frequency), which were?then not used in other functions within the smart contract"... 6?? ...suggesting that key processes associated with these fields (e.g., coupon calculation, lifecycle management, etc.) were handled elsewhere in the value chain ?? 7?? This underscores the nature of #finance -- whereby processes are often multi-party, multi-system, and even 'multi-format' (i.e., Excel files, API pipes, PDFs, emails, voicelogged phonecalls, etc.) 8?? Indeed, some tech stacks are even 'multi-generational' in nature, especially when systems are too valuable / vital to risk refactoring, adding to the complexity of integrating modern applications with legacy infrastructure (See: ASX) ?? 9?? Interested to see how the next generation of 'non-custodial' #tokenized #RWAs will look -- and in particular, how they will overcome the challenge of 'real world' connectivity (See: Tether.to's tokenization announcement linked below) ?? PS: In the immortal words of Frank Herbert, "He who controls the spice, controls the universe"

#Cryptovarsity #DeFiapplications #OraclesinDeFi The Role of Oracles In Enhancing DeFi Applications: The role of oracles in DeFi is very crucial because they enhance DeFi applications by providing off-chain data to on-chain smart contracts.? Smart contracts operate within the blockchain’s closed ecosystem and cannot access data from the outside world, such as market prices, weather conditions, sports scores, etc. This is where oracles come in. In this […] The post The Role of Oracles In Enhancing DeFi Applications appeared first on Coinscreed.

Ethereum developers have recently introduced an innovative technology often referred to as a “time machine.” This groundbreaking advancement allows transactions on the Ethereum network to be conditional on future events. By implementing this technology, users can set specific conditions that must be met for a transaction to take place. This enhancement significantly increases the versatility […]

Ethereum developers have recently introduced an innovative technology often referred to as a “time machine.” This groundbreaking advancement allows transactions on the Ethereum network to be conditional on future events. By implementing this technology, users can set specific conditions that must be met for a transaction to take place. This enhancement significantly increases the versatility […]

Ethereum fees were down $679m in Q2 (57%), while the network turned inflationary. If you want to understand why, you need to understand this chart. Here's what's going on: Ethereum Improvement Proposal (EIP) 4844 was implemented on March 13th. It was the most important network upgrade since The Merge as it dramatically increased the scalability of L2s, while lowering fees for users. You can think of it as the "broadband moment" for Ethereum. Essentially, what EIP4844 did is improve the way that data is handled on Ethereum by introducing "blobs" — which is just a term for "more data availability." In essence, the Ethereum Foundation created a new glut of block space — which is the product that blockchains sell. By increasing the supply of the product, fees dropped. The result? L2 margins improved dramatically. L1 fees dropped dramatically. ---- This is all really good for Ethereum. The network is scaling. The UX is improving. The Ethereum Foundation continues to execute. But if you don't appreciate the nuance, you might look at the financials and think that Ethereum had a really bad quarter. That's not the case. The reality is that: - Transactions on L2s were up 63% in Q2. - Active users on L2s were up 81% in Q2. Ethereum's network effects and demand for ETH are growing. But fees on L2 were down 61% as user activity grew. ---- The takeaway? Ethereum "disrupted itself" by improving the UX while reducing its economics in the short run. If past computing movements are any indication, the new supply of block space enabled by EIP4844 will create new use cases (new demand) for developers. As new demand flocks to the EVM, I would expect Ethereum's economics to improve with it. Data: L2 combined cost of revenue posted EIP4844 powered by Token Terminal [L2s included: Arbitrum, Optimism, zkSync, Starknet, Base, Immutable, Blast, Scroll, Linea, Mantle, Manta Pacific] ---- P.S. we covered these concepts in detail in The ETH Report and The Ethereum Investment Framework. If you'd like to download a free copy, see the link in the first comment ??