Wallet Hunter的动态

Did you know L2s are currently paying 75% of their top line revenue to Ethereum for data availability? How It Works Today:? In the current structure, L2s act as execution engines, processing transactions. However, they rely on Ethereum for data availability, which involves storing and retrieving transaction data. This data availability service comes at a high price for L2s. Solution? Recognizing this cost burden, data availability solutions are emerging. Networks like Celestia and Eigen DA offer a more cost-effective way for L2s to manage their data needs. Celestia is a separate blockchain that can serve various execution environments. This means it can work with Ethereum (EVM), Solana (SVM), Cosmos (CosmWasm), Optimism, Arbitrum, and others, fostering a more interoperable future. On the other hand, Eigen DA is built specifically for Ethereum. The result: The impact of these solutions is already being felt. Manta Pacific, a recent L2 launch, is the first to leverage Celestia for data availability in a live environment. According to Kenny Li, co-founder of p0x labs (Manta's development team), Celestia has already saved Manta millions on data availability costs. These savings have been passed directly to Manta users, lowering their transaction fees. The takeaway: The high data availability cost for L2s, a key component of the Ethereum scaling solution, presents a challenge to long-term scalability. However, the emergence of dedicated data availability solutions like Celestia offers a potential silver lining. ? If these solutions can significantly reduce L2 costs, it could revitalize the Ethereum ecosystem by making L2s more efficient and attractive to users, ultimately driving higher transaction volume and potentially boosting the value of Ethereum. This is one of the ways value accrues to the Ethereum network. If you want to know more on it's value accrual, there's a resource that goes into details about this and much more. See the first comment to grab a free copy of the resource.

Today, Circle Research published a spotlight on how Temporary ERC-20 approvals offer significant enhancements to security, cost savings, and user experience that are poised to benefit businesses and their customers in the decentralized finance sector. As on-chain innovations unfold, we see the introduction of?temporary ERC-20 approvals, allowing token approvals that expire after a single transaction. This shift addresses longstanding challenges in the crypto space, where traditional approval mechanisms often exposed users to security vulnerabilities and additional transaction costs. Practical Applications for Businesses 1. Improved Security: Businesses, particularly in FinTech and DeFi, can integrate temporary approvals to secure user funds effectively. By limiting token permissions to single transactions, firms can significantly mitigate the risks of unauthorized fund access, a crucial factor for platforms facilitating savings, trading, or lending. 2. Reduction in Transaction Costs: For DeFi applications, adopting temporary approvals translates to lower gas (transaction) fees. This reduction means that businesses can offer more cost-effective services, ultimately attracting a broader user base while improving overall efficiency. By leveraging these savings, companies can enhance their offerings without putting extra financial strain on their users. 3. Streamlining User Engagement: Consumer-facing applications benefit greatly from the simplified process enabled by temporary approvals. Users can now perform necessary actions in a single step—no longer needing to approve a contract and then execute transactions separately. This streamlined experience leads to a higher satisfaction and retention rates, as users find services to be more intuitive. 4. Strengthening User Trust: In an era where security concerns loom large over on-chain operations, businesses adopting temporary approvals can position themselves as trustworthy entities. By reducing operational vulnerabilities, companies can communicate their commitment to security, thereby establishing a stronger bond with their clientele and differentiating themselves in the crowded market. The proposal of ERC-7674 signals a significant milestone in making decentralized finance safer and more user-friendly. For professionals and businesses engaged in the on-chain space, recognizing and adapting to these changes is vital. This development represents more than just technical progress; it embodies the core principles of decentralized finance—creating systems that prioritize security, transparency, and accessibility. #USDC #blockchain #innovation

Ethereum consolidated near $3,400 on Tuesday, poised to close the year with an approximate 50% return. Ethereum has yielded underwhelming gains compared to Bitcoin, and most altcoins ranked in the top 20 tokens by market capitalization. Ethereum could see a boost in scalability, security, and user experience with the upcoming Pectra upgrade, expected to go live in 2025. The upgrade will introduce enhancements in account abstraction, validator operations, and network performance. The goal is to improve both the user and developer experience on Ethereum and make future scalability upgrades easier to implement. Validator stake limits, staking withdrawals, and streamlined smart contract development could improve Ethereum’s network security and efficiency. This could have a domino effect on Layer 2 chains that rely on Ethereum for their security infrastructure. Pectra will be the third most significant upgrade in the Ethereum ecosystem after the Merge, and its successful execution could act as a catalyst for Ether’s recovery in 2025. Ethereum analyst Anthony Sassano estimates that the Pectra upgrade will go live next March or April. Notably, Unichain, an Ethereum-based protocol, set to launch its mainnet in early 2025, aims to use blobs, and Pectra’s improvements could help Ethereum meet Unichain’s scalability requirements.?On-chain data intelligence platform Santiment shows a consistent increase in two key metrics: supply held by top non-exchange wallet addresses and the token’s top addresses as a percentage of total supply. While several U.S.-based spot Ethereum ETFs have been approved by the SEC, none currently include yield from staking. The regulator has pushed back on all ETF proposals including staking, unlike those in Switzerland and Canada. Pro-crypto regulations under President-elect Donald Trump could pave the way for investors to increase returns through ETH staking rewards. ETF issuers could benefit from staking rewards via an increased NAV, reduced management fees, and dividends. Robert Edwards Voton

such as the S&P 500 and NASDAQ 100, Ethereum marks a significant evolution in the internet's development, transitioning from Web1 and Web2 to Web3, co-creating the "Internet of Value." Since its launch in 2015, Ethereum has fostered a diverse ecosystem of decentralized applications (dApps), especially in Decentralized Finance (DeFi). Is Ethereum about to disrupt and disintermediate a couple of core industries? let us think of succeeding industries as Banking and Payments Social Media, Marketing, and Gaming Infrastructure (through tokenization) Similar to tech platforms, Ethereum serves as a foundation where decentralized applications can be developed on the Etherium chain, smart contracts can be installed and assets can be transferred with ease, much like sending an email. While Etherium is extracting value through transaction fees or "taxes" from those who build on and utilize the platform, the fees might be much lower than in the traditional models.. Because Investors can own a part of Ethereum's value layer by purchasing its token (ETH), analogous to owning shares in the foundational internet protocol TCP/IP. Ethereum investors can also earn yield through "staking rewards" by validating transactions. The Ethereum protocol also reduces token circulation via its "burn" mechanism, similar to a stock buyback in equities. Investors are normally looking for assets that are uncorrelated to the stock market. Ethereum (ETH) is somewhat correlated with major equity indices, which increased in the market downturn. What do you think: Will Etherium become the new Revolut, the new X or even the new Stock Exchange?

Bitcoin’s Future Scalability: Arrogant Assumptions vs. Adaptability #cryptonews - A counter-argument against enhancing Bitcoin’s scalability is the claim that “most people won’t self-custody anyway, so why bother?” However, this argument is highly assumptive, arrogant, and flawed. It’s comparable to the logical fallacy that humans can’t help but make, like assuming that today’s weather is an indicator of tomorrow’s. The digital age has brought significant […] https://lnkd.in/d8GVSReJ

It's time to bring the best of Babylon Labs and Stacks together! Today, we're announcing Zest Protocol's first BTC yield product: BTCz BTCz uses Babylon for yield, and Stacks for security. Read how ?? For the first time ever, BTC holders can earn yield by validating PoS systems in a non-custodial way The demand is real: within 6 blocks, they reached their cap of 1000 BTC post launch! Zest is bringing the best of Stacks & Babylon to create the most secure staked BTC ?? Stacks has the unique ability to read Bitcoin state ?? This allows our BTC staking contracts to verify stake on Bitcoin L1 through Babylon without relying on third party oracles. In the future, BTCz will leverage Stacks' sBTC tech to create a permissionless peg between the two assets Users will also be able to deposit sBTC into Zest Protocol once its live to earn yield through BTCz's staking features! The Zest Protocol team has a long history of building on Bitcoin Our co-founders were amongst the first hires at Trust Machines - the leading Bitcoin infrastructure company led by Muneeb Ali These co-founders played an instrumental part in the creation of sBTC! "We are excited to see Zest Protocol leverage our technology to enhance Bitcoin yield generation on Stacks. We look forward to observing how this innovation contributes to the broader Bitcoin ecosystem." - Babylon Labs Wen launch? We're planning to launch BTCz as soon as security audits are completed! Sign up for our waitlist and read the full blog post here: https://lnkd.in/ek22M3rg

? Active Addresses ? Smart Contracts with > 500 unique wallet interactions/day A lot of the metrics we use to make sense of onchain data are creating more noise than signal. That's why I'm introducing a new metric. **Smart Contracts with > 500 unique wallet interactions/day** The logic is that a single chain can easily goose its numbers if a bot spams a single onchain contract. Active users + fees will spike. - But is there a robust ecosystem there? - Does the chain have product market fit? - Or is there just one project doing an airdrop or some other incentive program? I believe looking at the number of smart contracts that see robust usage from a wide array of unique wallets on a daily basis is a better way to analyze and compare chains. So what do the numbers look like on Ethereum? The L1 has about 80 contracts with 500+ unique wallets interacting with them daily. That number has remained largely unchanged over the last few years. Shifting to L2s we can see that's where the growth is. The L2s have about 400-500 smart contracts with more than 500 unique wallets interacting with them on a daily basis. ----- If you're interested, I'm rolling out some new data and providing an overdue update on the Ethereum ecosystem with readers of The DeFi Report on Friday. It'll include the following: - Thoughts on ETH/BTC - Update on financials and fundamentals (including L2s) - Value Accrual to holders & stakers - Tokeneconomics - ETH vs SOL - Qualitative analysis (leadership changes at The Ethereum Foundation) If you'd like to have our latest research hit your inbox when it's published, you can sign up in the first comment below ?? Data: The DeFi Report via Dune

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 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.