In this article, we explore whether browsers are still necessary. At the same time, we believe that what is likely to break the current browser market is not another "better Chrome", but a new interaction structure: not the display of information, but the invocation of tasks. In the future, browsers should be designed for AI agents - not only reading, but also writing and executing.

Stablecoins have long been regarded as the "crown of the cryptocurrency industry." When systematically sorting out the revenue mechanisms behind stablecoins, this article summarizes them into nine categories, including on-chain lending, real assets (RWA), AMM market making, CeFi deposits, protocol savings rates (such as DSR), fixed-rate notes, derivatives hedging, pledge income, and strategy aggregation Vault.

The Pendle project itself is well-built, with transparent data and reasonable token distribution. The team has excellent resume and technical capabilities, and the core members are long-term stable and have the ability to independently advance complex systems. In terms of token structure, although the tokens of the team and the foundation have all been unlocked, the overall selling rhythm is rational and restrained, showing good long-termism. Pendle has performed well in "trustworthiness" and "medium- and long-term delivery capabilities" and is a typical "hardcore" DeFi project.

The ecological development of Bittensor is accelerating. Its architecture is relatively unique. There are no highly similar competitors yet. Most AI products are competitors of subnet projects. Under this more open and unique incentive architecture with its own tokens, there is an opportunity to create a brilliant ecosystem.

As the cryptocurrency trading market continues to prosper, on-chain transaction processing capabilities and capacity expansion have become the key to technology exploration in the industry. In Ethereum's expansion plan, the community gradually chose a roadmap centered on Layer 2. At that time, Layer 2 projects were under pressure from high Calldata costs and had to focus on DA expansion in order to further reduce costs and increase efficiency.

In this article, we explore how on-chain liquidity is gradually changing the competitive landscape between decentralized exchanges (DEX) and centralized exchanges (CEX) through technological innovation.

Many existing infrastructures in Web2 can further unleash their potential through the global liquidity, shared open economy, verifiable consensus blockchain, DeFi and other features of Web3. We call this model ReFi (Repurpose Fi). This article will list some of the significant gains that may be brought after the onchain of Web2 assets, and provide the community with some entrepreneurial thinking. This model directly avoids the current "showy" business model of DePIN that relies on hardware production and sales, and directly and widely onboards existing Web2 assets to help entrepreneurs succeed.

Since Ethereum turned to a Layer 2-based expansion solution, coupled with the rise of tools such as RaaS, a large number of public chains have developed rapidly. The future will surely be an era of multi-chain coexistence. Solving the problem of dispersed liquidity is a problem that the industry must face. This integration of full-chain liquidity has a vast growth space and may build the Google of the Web3 era.

We can get many profound insights from the combination of Telegram and TON blockchain. From multiple data, we can see that the first wave of TON's outbreak is coming to an end. However, based on Telegram's huge traffic base and the goal of onboarding 800 million users in the future, there are still many opportunities worth exploring.

Ethereum's EVM faces serious performance issues due to its single-threaded architecture. This article analyzes the entire process of EVM serial execution step by step to explore the performance challenges and parallel execution path of Ethereum EVM.

Taking Ethereum, Solana, Aptos, and Sui, four mainstream and relatively active public chains, as the main analysis targets, we analyze the relationship between the MEV public chain architecture and the development of MEV.

FHE is an advanced encryption technology that supports direct computation on encrypted data. FHE has multiple application scenarios, but commercialization still needs some time. The main problem is that the computation and memory overhead brought by its algorithm is extremely large, and its scalability is poor. This article will briefly walk through the basic principles of the entire algorithm and focus on the problems faced by this cryptographic algorithm.

The goal of this article is to analyze the inherent centralization and trust issues brought about by the Ethereum 2.0 block generation mechanism and the technical evolution of proposer-builder separation (PBS), which are completely contrary to the values of Ethereum. We hope to use this article to explore potential solutions to mitigate the negative externalities of MEV, and to make a comprehensive understanding of the pros and cons of the current MEV solution, and also to illuminate the dark forest for industry researchers to further study MEV.

The goal of this article is to analyze the inherent centralization and trust issues brought about by the Ethereum 2.0 block generation mechanism and the technical evolution of proposer-builder separation (PBS), which are completely contrary to the values of Ethereum. We hope to use this article to explore potential solutions to mitigate the negative externalities of MEV, and to make a comprehensive understanding of the pros and cons of the current MEV solution, and also to illuminate the dark forest for industry researchers to further study MEV.

This article takes the General ZK coprocessor as an example to analyze its architecture, so that readers can understand the similarities and differences in technology and mechanism design of this general-purpose virtual machine, and to judge the development trend of coprocessors in the future. The analysis mainly focuses on the three projects of Risc Zero, Lagrange, and Succinct.