Ethereum architecture upgrade and new pattern of DeFi lead industry transformation with multi-chain layout

Ethereum Engine Reconstruction and New Trends in DeFi

Recently, there have been some notable developments in the Ethereum ecosystem and the Decentralized Finance sector. From innovations in underlying technology to the layout of emerging projects, new initiatives from established DeFi protocols, and changes in the stablecoin market, all are worth our close attention.

Potential Transformations of the Ethereum Execution Layer

The co-founder of Ethereum has proposed a bold idea: to replace the existing EVM with the RISC-V architecture as the long-term execution layer. This proposal aims to enhance Ethereum's computational efficiency and prepare for the massive computational demands that may arise in the future. It is important to note that this change only involves the underlying execution engine and will not affect Ethereum's account model and contract invocation methods. For ordinary users and developers, the way they interact with smart contracts will remain unchanged.

The core goal of this proposal is to break through the performance bottlenecks under the EVM framework and address potential long-term issues such as verification difficulties or special hardware requirements. The choice of RISC-V is due to its representation of a general and efficient computing model, along with a mature hardware and software ecosystem. However, this change is substantial, and its practical implementation may take several years.

Interpretation of the Weekly DeFi Dynamics: Old DeFi Takes New Actions, Ethena Releases New Public Chain

Strategic Layout of the Ethena Project

The Ethena project has chosen to join the Arbitrum ecosystem, a decision that has attracted considerable attention. Although Arbitrum Orbit and OP Superchain are both Layer 2 expansion solutions, there are differences in their design philosophies:

  • Orbit allows developers to create L2s that can directly connect to Ethereum or L3s based on Arbitrum.
  • Superchain is committed to building a network composed of multiple parallel L2s.

In short, Orbit tends to focus on vertical scalability, while Superchain places more emphasis on horizontal scalability. Orbit emphasizes openness and flexibility, supporting various data availability options. In contrast, Superchain focuses more on consistency with Ethereum and multi-chain standardization.

New Developments of Established DeFi Projects

Unichain liquidity mining

Unichain's latest liquidity mining program offers considerable returns, but the operational difficulty has increased. Currently, it mainly attracts experienced miners, which may have limited effects on promoting the adoption of DeFi.

BalancerV3 Expansion

BalancerV3 has landed on the Avalanche chain and launched the AVAX incentive program. Although the rewards are attractive, the overall scale is limited. As a long-standing DeFi project, Balancer is striving to find its place amid fierce competition.

MakerDAO's new attempt with the subproject Spark

Spark has deployed $50 million for the first time into non-U.S. Treasury sectors, choosing the Maple platform. This marks MakerDAO's exploration of more diversified investment strategies.

Interpretation of Weekly DeFi Trends: Old DeFi has new moves, Ethena launches new public chain

New Trends in the Stablecoin Market

Quick integration of Ripple stablecoin RLUSD

RLUSD has been integrated into mainstream DeFi protocols such as Aave V3 and Curve Pool, demonstrating the market's acceptance of the new stablecoin.

Circle launched the CPN network

The cross-border payment network CPN launched by Circle aims to address the obstacles that stablecoins face in mainstream payments, such as unclear compliance and technical complexities. This initiative is expected to promote the application of blockchain technology in the payment field and may stimulate more countries to issue compliant stablecoins.

Competition in Cross-Chain Bridges Intensifies

GMX has chosen LayerZero as a bridge for multi-chain expansion, a16z crypto has made a large purchase of LayerZero tokens, and Wormhole has released future plans, all indicating that competition in the cross-chain bridge field is becoming increasingly fierce. Although there is strong demand in this field, it also faces challenges in balancing security, efficiency, and economic model design.

![Interpretation of the Weekly DeFi Dynamics: Old DeFi has New Moves, Ethena Launches New Public Chain]###https://img-cdn.gateio.im/webp-social/moments-6f3826e5b6450900baa1de84194bada9.webp(

Conclusion

The DeFi sector is undergoing profound changes, with continuous innovation from the underlying technology to the application level. With the changes in the regulatory environment and the enhancement of user awareness, some previously overlooked models are starting to gain new opportunities. However, while embracing innovation, we also need to remain vigilant, especially in areas involving fund security and risk management.

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ProposalManiacvip
· 14h ago
The governance costs of RISC-V have exploded, and whether it can pass the review is a question.
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SchrodingerWalletvip
· 15h ago
Ethereum has come up with new tricks, it might be about to big pump.
View OriginalReply0
ForumMiningMastervip
· 15h ago
Is there still a significant change to the EVM?
View OriginalReply0
BitcoinDaddyvip
· 15h ago
Stop messing around with the underlying stuff here, take care of your own gas fees first.
View OriginalReply0
AirdropFreedomvip
· 15h ago
Here comes the hype again. When will it be implemented?
View OriginalReply0
HallucinationGrowervip
· 15h ago
Upgrade is just an upgrade, do we need to change the architecture all the time?
View OriginalReply0
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