Decentralized Finance Industry Observation

Uniswap Launches Layer 2 Network Unichain

Uniswap Labs is building the Layer 2 network Unichain based on Optimism's OP Stack technology. The network is expected to launch its testnet on October 10, with the mainnet set to be released by the end of the year. Unichain introduces trusted execution environment (TEE) technology, which can reduce block construction time to 200-250 milliseconds, significantly surpassing the speed of the Ethereum mainnet and other Layer 2 networks.

Binance Lists Scroll Token

Scroll is an Ethereum Layer 2 zkRollup solution that uses zero-knowledge proof technology to enhance Ethereum's scalability. Its core technological breakthroughs lie in zkEVM and hardware acceleration. The Scroll token SCR will be used for governance, validator staking, and other purposes. The total supply is 1 billion SCR, with an initial circulating supply of 190 million SCR.

Native USDC Launches on Sui

Native USDC has been launched on the Sui mainnet, allowing developers and users to access it directly without cross-chain bridging. Circle Mint and Circle API now fully support USDC on Sui. Sui is the first blockchain based on the Move language to support native USDC, and its ecosystem already includes over 85 applications.

US Court Denies Sale of Silk Road Bitcoin

Recently, there have been rumors that the U.S. Supreme Court approved the sale of 69,370 Bitcoins seized from Silk Road, leading to a drop in Bitcoin prices. In fact, the court only dismissed the lawsuit regarding the ownership of these Bitcoins, confirming that they still belong to the U.S. government, and did not approve their sale.

Overview of Sui Ecosystem Decentralized Finance Projects

The development of DeFi in the Sui ecosystem is relatively strong, with major projects including:

• Lending Protocols: Navi Protocol, Suilend Protocol, Scallop Protocol
• DEX:Cetus Protocol, Turbos Finance, DeepBook
• Others: Bucket Protocol ( stablecoin ), Bluefin ( derivatives ), Typus Finance ( derivatives )

Pyth and Uniswap Collaboration

Uniswap announced that its newly developed blockchain Unichain will choose Pyth Network as its real-time data service provider. Pyth will provide Unichain with over 500 real-time price data sources, updating every 400 milliseconds.

Aptos Achieves Record High Trading Volume in Q2

According to a report by Messari, Aptos set a new record for daily transaction volume for L1 blockchains in the second quarter of this year. Its average daily transaction volume grew by 474% to 4.4 million transactions, DeFi TVL increased by 123% quarter-on-quarter to 75 million APT, and DEX daily transaction volume grew by 189% to 30 million dollars.

Binance Labs Invests in ZKsync "Elastic Chain" Sophon

Binance Labs has invested in the "Elastic Chain" Sophon based on ZKsync. Sophon focuses on entertainment applications such as gaming, social interaction, and artificial intelligence, utilizing ZK Stack technology to achieve gas-free native account abstraction. Its mainnet is expected to launch next month.

Decentralized Finance数据面板

TVL Data

The Sui blockchain has successfully entered the top ten in TVL rankings, demonstrating its strong growth momentum in the Decentralized Finance sector.

Stablecoin Data

The global stablecoin market capitalization is $172.818 billion, a slight decrease of 0.19% over the past week. USDT accounts for 69.26% of the market share, while USDC accounts for 20.1%.

DEX Data

The DEX trading volume has slightly declined over the past week. Uniswap's 24-hour trading volume is $1.542 billion, but the weekly change is -1.81%. Cetus has shown strong growth, increasing by 64.20% this week.

Sounding the DeFi Radar

Uniswap has launched the Layer 2 network Unichain based on the Optimism OP Stack, marking a significant change in the DeFi landscape. Unichain is expected to attract a large amount of DeFi liquidity back to itself and form a strong superchain ecosystem that includes Base, SNXchain, and others.

With the implementation of Unichain, more large-scale projects are expected to be deployed here. The status of the UNI token is also expected to improve, becoming a key element for validation nodes. We are optimistic about those DeFi protocols that seize the opportunity presented by Unichain, as they are likely to make a comeback.