ETH Denver has concluded. What core narratives did this conference focus on?
Written edited by: Karen, Foresight News
The annual ETHDenver conference is a grand event in the Ethereum ecosystem. ETHDenver 2024 was held in Denver, USA from February 23 to March 3, attracting tens of thousands of Web3 enthusiasts and developers.
At the conclusion of ETHDenver, ETHDenver announced the BUIDLATHON Hackathon Top 15 list. If you want to know what Web3 BUIDLers are focusing on and building, as well as the innovative projects that appeared in the ETHDenver Hackathon, you can click A look at the ETHDenver Hackathon Top 15 projectslearn.
After reading the discussion about ETHDenver on Twitter, the author found that the keywords are liquidity-heavy pledge, Bitcoin Layer 2, points, Crypto+AI, Berachain, DePIN and modularity The discussion was lively. These keywords reflect the focus and interest areas of Web3 development among attendees and the market. The focus of the ETHDenver conference in 2023 will be wallets, L2 and ZK, which shows how big the trend has changed.
ETHDenver narrative
As Bankless Business Development Director shaaa.eth summarizes ETHDenver’s popular narratives, it mainly covers:
1. In communication, it is found that Farcaster and Frames are mentioned the most, for example, post tips, Frames payment, Frames transaction, Frames game, etc.
2. Airdrops and points are the best solutions for project cold start. 90% of projects have token plans and will issue tokens soon;
3. Heavy pledge Summer is the consensus of ETHDenver;
4. Berachain peripheral activities are the ones with the largest number of participants and the most hype. Recommended reading: 42 million raised, mainnet is about to be launched... Overcrowded Berachain testnet in-depth participation guide》。
5. Base is also worthy of attention. Just imagine, when Coinbase enters the top 10 of the app store, where will these users go next?
We can feel that the development of the heavy-staking ecosystem has exceeded many peoples expectations, and EigenLayer, as one of the leaders, is leading this trend through innovative design and technology implementation. EigenLayer completed a US$100 million financing from a16z Venture Capital in late February. Earlier this month, EigenLayer achieved another milestone, with its lock-in value (TVL) exceeding the US$10 billion milestone.
EigenLayer team member kydo.eth is also at the ETHDenver eventOverviewThe original design intention of EigenLayer and the Pooled security framework and AVS (Active Verification Service) are located outside the EigenLayer contract. It is worth mentioning that this week the Rollup aggregation protocol Omni Network also announced the signing of a US$600 million agreement with the liquidity staking protocol ether.fi. ether.fi will invest US$600 million worth of Ethereum in the delegation agreement to ensure that Omni Network security and enhance the security of the entire EigenLayer ecosystem. Omni has whitelisted ether.fi’s liquidity token eETH and will select Ether.Fi’s node operators to run its Active Validation Service (AVS). Staked Ethereum will be used to prevent security breaches and asset decoupling. As more projects and capital enter this field, we can expect to see more innovation and breakthroughs.
More and more projects such as Blur, Blast, EigenLayer, Puffer, Ethena, etc. have begun to launch point activities as an important means to attract users and increase user activity. However, while the project side carefully designs and manages the points scheme, users also need to rationally identify and participate in projects of mixed quality. Recommended collection: SelectedSummary of potential airdrops》。
After Farcaster launched the Farcaster Frames function at the beginning of the year, its active users surged significantly, with the number of monthly active users (MAU) exceeding 100,000 for the first time, proving its innovation and attractiveness in the Web3 social field. Farcaster Frames function similarly to social media embeds, with links with special properties of Open Graph tags, the ability to display images and text as previews, and the ability to promote interactive elements via buttons, allowing for dynamic user response. Recommended reading: Emerging from the Farcaster community, how does the meme token DEGEN achieve organic growth?》。
In addition, Farcaster’s competitor Lens also entered the “permission-free” stage at the end of last month, allowing all users to create on-chain profiles and join the platform. This undoubtedly increases the platform’s appeal and user base. The development of projects such as Farcaster and Lens has brought positive signals to the development of the Web3 social field. But it will take time to see whether Web3 social networking can really explode.
Learn about cutting-edge trends from attending the ETHDenver conference
Regarding the reflections and summary of the participation, curvecap.lens summarized the opinions of 21 participants, and Foresight News selected some for compilation to help everyone better understand the atmosphere and main focus of the ETHDenver event, as well as feel the cutting-edge trends in the event of collision.
Jack Melnick, Director of Polygon DeFi:Some of my favorite new areas to explore that are clearly going to be major themes this cycle are native revenue, Rollup/L2, cross-chain messaging/modular interop, PVP gaming and new ponzinomics, consumer-facing products and new DeFi applications.
IPOR Labs CEO Darren Camas：Around the main venue, infrastructure projects ranging from L2 to DAppchains to cross-chain infrastructure flourished, but there was a lack of users engaging in on-chain activities beyond memecoin speculation.
Billy, co-founder of Term Labs:In addition to price increases, the main topics are: founders discuss successful financing, LP hopes to deploy more into DeFi space, EigenLayer changes the rules of the game for Ethereum, LRT, risks related to AVS launch, mining points, Ethenas success What will be the impact on perpetual funding rates, the launch of Blast, huge changes to Bitcoin Ordinals, and Bitcoin is expected to become more diverse through Layer 2 scaling.
Derek, contract verifier of Certora, a smart contract security analysis project:Most of the ideas I encountered at the event were legitimate, with innovations ranging from ZK proofs and verification computations, to Rollup-based scalability and interoperability, to formal tools for auditing and formal verification.
Kostiantyn Dmitriiev：The brand promise of tokenization in 2017 was in pursuit of better liquidity. Today we find out that this is not the case. Although liquidity has improved, it is still not good, and what is illiquid in the real world is still illiquid on the chain. Tokenization is really about efficiency, cost optimization, speed, transparency and security.
@xxsvjstu：600 people from nearly all major L1, L2, stablecoin and lending protocols were represented. One clear takeaway is that forward-thinking people see stablecoins and RWA as key development directions.
FlywheelDeFi author Samuel McCulloch:This years ETHDenver gave me a Subdued feeling. Despite all-time high prices, new money has yet to flow into major projects at the scale seen in the previous bull market. I guess were still panicking about the FTX debacle, and the regulatory situation in the US isnt improving. This year, DeFi has not been the main development narrative, replaced by artificial intelligence and heavy collateralization.
Which projects will debut new products and officially announce partnerships during ETHDenver?
In addition, many project parties unveiled new products or officially announced partnerships during ETHDenver.
Robinhood CryptoGeneral Manager Johann Kerbrat announces Robinhood Wallet integration announced during ETHDenverArbitrum, allowing users to use Arbitrum to exchange tokens to reduce transaction costs and speed up transactions.
StarkWareannounced at ETHDenver that it is building a new cryptographic prover called Stwo. The team said the new prover will bring faster verification efficiency, thereby reducing delays and transaction fees. Any user can run the prover, and its code base will be available to anyone interested in trying out or implementing a STARK-based system.
CoinbaseAnnouncing the upcoming launch of two new wallet solutions, smart wallet and embedded wallet. Among them, the smart wallet will be a complement to the Coinbase Wallet SDK, a software toolkit that allows wallets to be instantly created in decentralized applications using keys, without the need for complex processes such as mnemonics. The wallet is built on the Coinbase Layer network Base. The embedded wallet will be powered by Wallet as a Service (WaaS), which allows companies to customize blockchain wallets for their customers.
Cross-chain messaging platformWormholeIntroduced Native Token Transfer (NTT) framework. NTT introduces an open, flexible and composable framework for transferring native tokens across blockchains while retaining their intrinsic properties. Projects built on NTT can retain control over the behavior of their tokens on each chain, including customizability, metadata, and ownership/upgradeability, allowing them to integrate with any type of token standard or governance system.
Web3 Developer PlatformAlchemyLaunched the public beta version of the embedded account and appeared on ETHDenver. During the peripheral event music night hosted by BASE, Royal and Alchemy, DJs and electronic dance music producers 3 LAU and Coopahtroopa participated in performances, and fans only needed to scan their wristbands with Face ID or fingerprints to receive NFTs.
It is worth mentioning that SEC Commissioner Hester Peirce also lamented the regulatory ambiguity during a fireside chat on ETHDenver.point out, There is a lot of optimism here right now, but Im a little sad that a regulator is sitting here now. The SECs role is not to tell people, Cryptocurrency is good or bad, but it should be let the market decide. Hester Peirce conveyed Its positive attitude towards the cryptocurrency and blockchain industry also hints at some of the limitations and challenges posed by the presence of regulators in this area.
source:
https://twitter.com/EthereumDenver/status/1762919101721116687
