Topics of Crypto World

This article introduces research funded by the dYdX Foundation, discussing dYdX as a successful case of a decentralized exchange and its impact on the current blockchain industry. dYdX's success challenges "Rollup maximalism" and provides a significant case of whether infrastructure or applications are more important. The article also outlines dYdX's development history, from initial margin and options trading to perpetual futures contract trading. Finally, the article summarizes the significance of dYdX's development for the industry and provides valuable insights for those considering launching or transitioning products. dYdX's development has undergone several stages, from launching on the Ethereum mainnet, moving to Layer1, and ultimately launching its own chain. dYdX's decisions demonstrate the importance of blockchain infrastructure, with flexibility being crucial for the success of products.

The fundamental logic of stETH is to deposit ETH into Lido. Lido utilizes these ETH to participate in Ethereum's PoS (Proof of Stake) to earn rewards, and users receive corresponding stETH as proof of their participation. Subsequently, Lido distributes the rewards to the addresses holding stETH.

BTC L2 is a hot topic in the blockchain space, with a variety of projects vying for dominance. Among these projects, Merlin Chain has emerged as a strong contender, often being compared to ETH L2 solutions as a representative of the Western world.

The article analyzes key factors contributing to the success of crypto projects, including having an excellent team background, unique market positioning, the ability to secure funding from top institutions, ecosystem development, and innovative products addressing market sticking problems.

Solana DeFi was declared dead in 2023, but made a strong comeback in 2024, involving 100+ projects, TVL reaching $3.8 billion, and daily trading volume reaching $2.5 billion. Solana has 50 top teams. Its advantages are low fees and high throughput, attracting a large number of users and developers. Solana is connected to multiple platforms, has friendly wallets and bridges, and will launch more cross-chain applications in the future. Major DeFi projects on Solana include DEX, lending markets, and derivatives, with more innovations expected in the future. Solana’s composability and infrastructure development have allowed the DeFi ecosystem to grow rapidly.

Last year, the narrative of DePIN ignited the trend of Helium (Mobile). Although DePIN seemed unremarkable during the “Bitcoin Bull Market,” it still brought surprises to the cryptocurrency industry. At the recent ETHDenver 2024 conference, DePIN was listed as a hot track, and now the success of io.net has once again stirred up the DePIN narrative.

ArkStream Capital announces its Series A investment in IO.Net, marking a significant move in the AI and decentralized infrastructure sectors. IO.Net presents innovative solutions, harnessing encryption technology to coordinate global human computing power, positioning itself as the “new oil” of GPU computing capabilities and demonstrating its potential in the AI era.

This article takes a close look at the best crypto wallets in 2024, what makes a good wallet, the pros and cons of different wallet types, how to find the right wallet for your crypto investments, and how to keep track of your portfolio when using multiple wallets.

The wheel strategy allows traders to generate consistent income while mitigating risks. Learning how this strategy works can provide an innovative trading approach and contribute to financial success.

Meme coins are controversial, but they reflect a commitment of society to uphold digital property rights through free markets. They are not just financial phenomena but also a form of cultural expression, through which people express collective humor, dissent, or friendship. While financial nihilism reflects a distrust of the existing system, questioning traditional systems is not a moral failing but rather a challenge to existing rules. Fraudulent behaviour should be eradicated, but people should also have the right to use any medium for transactions. Meme coins serve as an important litmus test for financial freedom and hold social value.

This article argues that Satoshi Nakamoto's vision—consensus accessible to everyone via CPU—has yet to be fully realized. The iterative mechanisms of Arweave may align more faithfully with Nakamoto's original vision, with version 2.6 marking a significant step towards fulfilling his expectations.

This article explains how the Fiat24 Banking Protocol, built on blockchain and driven by smart contracts, innovates traditional banking, finance, and payment systems in the crypto-friendly regulatory environment of Switzerland.

B^2 Network is a decentralized Data Availability (DA) and storage platform that addresses data compression and verification issues using an off-chain DA network. It aims to reduce dependence on the Bitcoin main network. The B^2 Hub functions as a DA layer and off-chain verification layer, similar to Celestia, to prevent data withholding and other malicious activities. In the future, B^2 Network plans to incorporate Bitcoin Layer2 to establish a universal DA layer and data storage layer within the Bitcoin ecosystem. The B^2 Hub node validates transaction batches, while storage nodes compete for block production rights to earn incentives. The workflow of B^2 Network involves the sequencer creating new blocks, the aggregator sending them to the Prover for ZK proof generation, and the B^2 Hub node verifying and transmitting the data hash to the Bitcoin chain. As a universal DA and verification layer, B^2 Hub has the potential to enhance other Bitcoin second-layer solutions.

This article reviews the process of IoT devices generating data, storing data, and rolling up to the blockchain. It also introduces the DePIN infrastructure platform, which can help project teams quickly launch DePIN application projects. DePIN utilizes blockchain for incentive distribution and token allocation, requiring the use of public-private keys to generate and verify physical proof of work. To prevent Sybil attacks, DePIN device manufacturers monopolize the generation authority of identity information and expose malicious behavior through social consensus. DePHY provides DID authentication services to ensure the credibility of data sources. DePHY also provides a co-processor to listen to finalized messages on the message network and perform state transitions. Both DePHY and IoTeX choose to collect data off-chain and then roll up to the chain, with DePHY focusing on decentralized data availability layers and IoTeX emphasizing binding handlers to different events.

The Children's Aid Foundation (CAF) is a charity project dedicated to improving global child welfare through blockchain technology. Since its launch, the price has increased fivefold. Despite the lack of compliance audits, it has demonstrated the potential of public welfare projects with its decentralization and transparency advantages.