08/30-09/05 Issue 10
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Highlights of this issue
As of September 6th, the lock-up volume of all second-tier networks exceeded $1 billion, up 79% in August.
According to the actual test of Lianwen, the L2 entry cost of Optimism is twice that of Arbitrum. The transfer cost of Optimism and Arbitrum is 40% of L1, the transaction cost of Dex is 7% of L1, and the cost of adding liquidity is 3.6% and 13% of L1 respectively.
Several protocols are helping Optimistic Rollup with exit periods, and Matter Labs and Starkware are working on the ability to perform EVM-like computations in ZK Rollup.
text
No.1
Loot allows people to see the potential of NFT Lego and understand Loot and its ecology.
Outlet area
Arbitrum usage guide and Layer 2 progress
As of September 6, the lock-up volume of all second-tier networks exceeded US$1 billion. (l2beat)
On September 1, Arbitrum, which has attracted much attention, officially announced the launch of the mainnet test version Arbitrum One. Uniswap, Sushiswap, Balancer, DODO and other applications have been launched simultaneously. Steven Goldfelder, the co-founder of Offchain Labs behind Arbitrum, revealed that Arbitrum will not issue tokens in the short term, and the recent vision does not include token plans. The $120 million B round of financing is only equity financing. But the DAO may decide to tokenize in the future.
-01 Arbitrum layer 2 network usage steps
Add the Arbitrum One network. Switch networks automatically by visiting the Arbitrum Asset Bridge (https://bridge.arbitrum.io/), or add them manually via Metamask.
Transfer the Ethereum main network assets to the Arbitrum One layer-2 network through the bridge (https://bridge.arbitrum.io/). Or use the Celer cross-chain asset bridge cBridge (https://cbridge.celer.network) to cross-chain the assets of other networks (such as BSC, Polygon) to Arbitrum, only need to pay a relatively cheap bridge fee.
Select the dapp you want to use and perform related operations.https://mp.weixin.qq.com/s/q_tUEB60ghsnryeoRX6KIw
Withdraw funds from the Arbitrum One Layer 2 network to the Ethereum mainnet.
-02 Comparison of Arbitrum, Optimism and Ethereum fees
Before using L2 applications, users need to recharge their assets on L1 to the L2 network through a "gateway" or "bridge", and then they can interact with the L2 version of the application. Taking the transfer of ETH to L2 as an example, the cost of entering Optimism is 2 times that of Arbitrum, and 10 times of the transfer cost of Ethereum mainnet.
For transfers on the same network, the transfer cost on Arbitrum and Optimism is 40% of the Ethereum mainnet.
Uniswap V3 is a DeFi trading protocol currently deployed on the three networks of Ethereum L1, Optimism and Arbitrum. Taking the ETH-USDT trading pair as an example, the transaction costs on Arbitrum and Optimism are basically the same (the actual test costs are 4.3 and 4.4 US dollars), which is 7% of the Ethereum main network transaction costs.
Disadvantage: There is a long challenge period.
Optimism recently released a new gateway interface that allows users to transfer arbitrary tokens between the Ethereum mainnet and the Optimism Layer 2 network. The emergence of Hop Protocol allows users to quickly withdraw USDC and USDT from Optimism to the Ethereum mainnet, which avoids the 7-day waiting time for Optimistic rollup withdrawals.
Arbitrum
Metis, a fork of OVM using Optimism, plans to launch a public testnet in September and launch the mainnet in October. It further simplifies the transition of existing Ethereum applications to L2 through the Polis middleware.
entry cost
transfer cost
Dex Transaction Costs
Add liquidity cost
https://www.chainnews.com/articles/115931150768.htm
Taking the addition of ETH-USDT liquidity in Uniswap V3 as an example, the Ethereum mainnet costs $120, Arbitrum costs $16 (13% of the Layer 1 cost), and Optimism costs $4.4 (3.6% of the Layer 1 cost).
-03 Recent progress of each Layer 2
3.1 Optimistic Rollup route
Pros: EVM compatibility.
100% EVM compatible, the project party does not need to rewrite the program when migrating. 74 projects have been deployed on the test network, and 5 projects have been launched simultaneously on the main network. Previously, more than 400 projects have announced support for Arbitrum, leading the Ethereum Layer 2 track.
-3.2 ZK Rollup route
Advantages: safety.
Disadvantages: Not compatible with EVM.
zkSync 2.0 claims to have the security, high throughput, and efficiency of ZK Rollup (ZKR), as well as EVM compatibility, so it is considered the best Ethereum expansion solution. Alex G, co-founder of Matter Labs, the team behind zkSync, said that designing and implementing zkEVM is actually a very arduous project. On their upcoming public testnet, they implemented compiler-based zkEVM.
StarkWare has two main products, ZK-Rollup expansion network StarkNet and L2 expansion engine StarkEx, among which StarkEx can be regarded as an application scenario of StarkNet. At the end of July, StarkEx version 3.0 was launched on the mainnet, which mainly allows L2 users to easily interact with L1. As of August 22, the total number of transactions settled by StarkEX exceeded 10 million, and the number of registered users exceeded 100,000. StarkWare has provided basic services for dydx, deversifi, and Immutable X, and these three projects ranked 1st, 7th, and 13th in the second-tier lockup volume respectively. dydx and Immutable X have shown strong competitiveness in the field of derivatives and NFT games respectively. Nethermind's Warp team is converting ERC-20 contracts from EVM bytecode to StarkNet contracts through the "EVM->Cairo compiler" for deployment on StarkNet. The next goal is to transfer arbitrary smart contracts from the EVM language Yul to Cairo.
Loopring, as the first Ethereum layer 2 network to implement the zkRollup solution, has recently ushered in a new wave of growth due to its support for NFT casting, trading and transfer functions.
https://mp.weixin.qq.com/s/UxMIQbdj4Wvntt9bumslOA
No.2
Several protocols are helping Optimistic Rollup with exit periods, and Matter Labs and Starkware are working on the ability to perform EVM-like computations in ZK Rollup. Rollup's comprehensive strength is increasing, the amount of locked positions is growing rapidly, and more and more projects are migrating to the second layer network, waiting for the arrival of Layer 2 prosperity.
project concern
How to understand Loot and its ecology
The total amount of Loot is 8,000, and the creator reserved 222 for himself as a reward. Each Loot contains 8 kinds of equipment, so there are 8 lines, and each line represents a kind of equipment, namely weapons, breastplate, helmet, waist armor, foot armor, hand armor, necklace and ring.
- 01 Fair casting
Different from most NFT's top-down ICO logic of "produced by the issuer and purchased by the user", Loot has created a more decentralized NFT casting method. Users can cast Loot on Etherscan through Write Contract , except for the gas fee, there is no additional holding cost, and anyone has the opportunity to participate in the minting issue.
- 02 NFT Lego
Anyone can use Loot to connect and expand with other protocols, similar to DeFi building blocks, which can be continuously created and built on the basis of Loot. Loot allows different games and metaverses to share a set of scalable attributes, creating the lowest-level NFT framework that can even cross-chain. According to information compiled by Loot officials, there are already 41 projects that have been regrouped or built on top of Loot. Everyone can recreate around simple text, and the gameplay that has appeared so far:
Use the program to automatically generate pictures based on character strings.
Generate the corresponding pixel character according to the string.
Write a story for every gear.
- 03 Hold the interest of Loot
airdrop. Adventure Gold airdrops 10,000 AGLD tokens for each Loot bag. Adventure Gold itself is a game project that has not yet been developed. At present, AGLD has basically become the governance token of the entire Loot community.
- 04 Loot concept project
Loot project founder Dom Hofmann (Dom Hofmann) launched a new dynamic supply project More Loot (MLOOT). The dynamic output of 1/10 of the Ethereum block production rate is about 250,000 per year, and the current upper limit is 1,316,005. Users are free to mint and only need Gas fees. As of September 7, 86,696 have been minted and 18,287 are held by addresses.
On September 3, the Chinese team developed a Chinese version of Chinese Loot airdropped to Loot holders, providing all Loot holders with the "Chinese translation version" NFT of the original Loot they hold, which attracted the attention of the founder of AAVE .
#macro
The total issuance of on-chain stablecoins reached $83.06 billion, up 1.1% from last week. (debank, 9/6)
On September 3, Tether issued an additional 1 billion USDT on TRON.
#New public chain
The total lock-up volume of Solana's ecology is 4.74 billion US dollars, a record high, and the ranking has risen to the second place. (defillama, 9/6)
#Other#Wallet#NFT
The total transaction volume of the NFT word game project Loot (for Adventurers) has exceeded 200 million US dollars, ranking first in the 7-day transaction volume.
#Ethereum #Layer2
Optimism, the L2 expansion solution, released a new gateway interface, allowing any ERC20 token to access Optimism.
Arbitrum, the ethereum expansion network, announced that the public beta version of the mainnet, Arbitrum One, is fully launched. The development team currently retains control over the upgrade and sets a speed limit. Uniswap, Sushiswap, Balancer, DODO and other applications have been launched simultaneously.
#New Public Chain#Ecological support
On August 30, the smart contract platform Fantom announced the launch of an incentive plan, which will invest 370 million FTMs to better adjust the incentives among users, builders and the network.
Celo officially launched the "DeFi for the People" alliance collaboration project. The Celo Foundation and partners such as Aave, Curve, and Sushi will provide more than US$100 million in funds for ecological construction and realize the mobileization of DeFi.
AC, the founder of Yearn Finance, was inspired by Loot to launch the adventure game Rarity. The game contains 11 types of characters and 6 types of core attributes.
Dave White, a research partner of the blockchain investment agency Paradigm, proposed the NFT derivatives scheme Floor perps, which is a synthetic NFT that can track the reserve price of a given item and mint it by locking the NFT of the item.
CryptoPunks has signed an agency agreement with UTA and intends to enter Hollywood.
FTX.US launched the NFT minting function, and the access function will be available in the next few weeks.
UTA, the largest brokerage company in the United States, has signed an exclusive contract with Larva Labs' NFT art projects CryptoPunks, Meebits and Autoglyphs. UTA will use these art projects for film, television, video games and publishing projects. (The Hollywood Reporter)
Guilds divided by items and attributes.
Any blockchain game can introduce props or characters in Loot, and can quickly capture a large number of user groups.
—Joel John, Leader, LedgerPrime
In the future, Loot holders may obtain equipment or characters in the game, which can be used for rent or sale, thereby generating cash flow and turning them into interest-bearing assets.
Related Links
Related Links
https://www.chainnews.com/articles/196308497989.htm
Loot logic
https://www.odaily.com/post/5172303
secondary title
https://www.chainnews.com/articles/835532328765.htm
No.1
market data
market data
#New public chain
The total lock-up volume of the Fantom ecosystem is 1.23 billion US dollars, a record high, rising 62% in a week, and the ranking rose to No. 4. (defillama, 9/6)
secondary title
#Ethereum #Layer2
#New Public Chain#Ecological support
#NFT
The Binance NFT Market launched the high-end NFT series of the Hermitage Museum in Russia. This series includes paintings by Leonardo da Vinci, Vincent Van Gogh, Claude Monet and other painting masters. There are 5 NFTs in total. For auction, the starting bid is 10,000 BUSD each.
No.3-CeFi·Traditional Finance·Large companies
#CeFi#acquisition#financing
Cryptocurrency exchange Zipmex has completed $41 million in financing.
FTX.US acquired LedgerX, a digital currency futures and options exchange certified by the US CFTC.
Cryptocurrency giant Blockchain.com plans to go public within 18 months. (U Today)
#asset management
Billionaire fund manager Bill Miller's fund invested in 1.5 million GBTC shares, worth $44.7 million.
No.4
Voice·Viewpoint
Voice·Viewpoint
Bloomberg’s September edition of the Crypto Outlook: $100,000 in BTC and $5,000 in Ether (ETH) are “target levels of least resistance.”
Analyst Will Clemente tweeted on September 5 and cited Glassnode data: In the past 10 days, the holdings of Bitcoin whales increased by 41,580 BTC, worth about $2 billion. Mike Alfred, founder of Assets Data, commented that there are suspected institutions entering the market, but it is still very early.
Akmal Nadilov, a member of the Expert Club of the Russian Strategic Research Center: Bitcoin is the first capitalized cryptocurrency that can be updated to its highest level before the end of the year, and its value will also rise to 73,000-75,000 U.S. dollars . Another major factor behind the price increase was a rise in the U.S. tech index, where bitcoin is emerging as a defensive asset.
No.5
Crypto project investment and financing
#DeFi
Crypto project investment and financing
Parallel Finance, the Polkadot ecological DeFi protocol, raised $21 million through Series A financing. Polychain Capital led the round.
Syndicate, a decentralized investment agreement, announced the completion of a US$20 million Series A round of financing, led by a16z, and more than 150 investors including Coinbase Ventures participated in the investment.
Trader Joe, the Avalanche ecological DeFi protocol, completed a $5 million token financing.
#infrastructure
Arbitrum, the second-tier scaling solution for Ethereum, completed a $120 million Series B round led by Lightspeed.
#Other#DAO#NFT#Apps
Decentralized portfolio management protocol Pollen DAO has completed $5 million in financing led by The Graph and AlphaBit.
PolkaFantasy, an NFT cross-chain trading platform, raised $4.31 million in the first round of NFT auctions
Solana's ecological algorithm stable currency agreement UXD Protocol completed a seed round of financing of 3 million US dollars, led by Multicoin Capital.
Octopus Network, a multi-chain encrypted network based on NEAR, completed its A-round financing of US$5 million, with participation from Continue, Youbi, and DCG.
