During the week from April 24th to April 30th, the developments worthy of attention are as follows:Sui performance update: testnet finalization time ~480ms；Tiger Global slashes OpenSea valuation to $3 billion；Solana Launches $1M AI Fund and Launches Plugin to Interact with ChatGPT；Avalanche has activated the Cortina upgrade on mainnet；Arbitrum has completed the initial distribution of ARB to the DAO in the ecosystem；Gitcoin has opened Gitcoin Grants Beta Round Donations；LayerZero Labs Launches New Project Essence；DeFi asset management agreement Zapper: No tokens, we do not plan to launch tokens；NFT marketplace Blur will begin filtering cheater wallet addresses in the next few weeks；Mike Seavers, former EVP of Development at Epic Games, will serve as CTO of Yuga Labs。
Bottom-Layer 1
Bottom-Layer 1
Odaily News Layer 1 blockchain network Sui has released a performance update, and has conducted a series of tests to determine the current peak throughput and completion time of various workloads.
The current Sui testnet has 100 globally distributed validators, achieving peak throughput from 10,871 TPS to 297,000 TPS on various workloads. Sui's finalization time is about 480 ms. After that, Sui will optimize in terms of "scalability and coverage of benchmarking tools", "horizontal scalability to support internal expansion of validators across multiple machines", etc.
Sui Announces Round 2 Developer Grant Winners, 8 Open Source Projects Shortlisted
Odaily News Sui announced the winners of the second round of developer funding, providing $230,000 to 8 shortlisted open source projects, covering 6 areas of development tools, finance, games, governance, payment, and productivity.
The eight open source projects are fuzzland, a bytecode-level fuzzing tool for smart contracts, ChainIDE, an open source hardware and software wallet, OneKey, DEX and centralized liquidity protocol Cetus, an open source on-chain module Capsule, and a full-featured on-chain Governance platform Movernance Labs, multi-signature non-custodial smart contract wallet MomentumSafe, decentralized Web3 browser Carbon Browser.
The BNB Chain community initiated the Greenfield executable design proposal
Odaily News The BNB Chain community initiated the Greenfield executable design proposal and is soliciting discussions on it. The proposal was put forward by blockchain infrastructure NodeReal. BNB Greenfield is a decentralized storage infrastructure launched by the BNB Chain development team.
The proposal will introduce "data manipulation" capabilities to Greenfield, helping to enhance its flexibility and enabling it to better support a variety of data use cases in the ecosystem. The specific content includes: supporting "executable" data on Greenfield with access control, helping Greenfield ecological construction from the programming language level, consolidating Greenfield data operation security, and implementing proof mechanisms.
Solana Launches $1M AI Fund and Launches Plugin to Interact with ChatGPT
Odaily News The Solana Foundation announced the launch of a $1 million grant fund to explore the interaction of the Solana blockchain and artificial intelligence. Grant sizes range from $5,000 to $25,000, and both new and existing projects are eligible for funding, with the aim of encouraging the Solana ecosystem to explore new use cases for artificial intelligence. To be eligible for funding, a tool or application must be openly available to others, published as open source, and have source code available to the Foundation.
Additionally, Solana Labs has created an open-source reference implementation for the ChatGPT plugin, allowing users to interact with the Solana network directly from ChatGPT. Once the ChatGPT plugin is available, users will be able to check wallet balances, transfer tokens and buy NFTs.
Avalanche has activated the Cortina upgrade on mainnet
According to official news, Avalanche announced on Twitter that the Cortina upgrade has been activated on the mainnet. Cortina is the latest version of AvalancheGo, including 3 key optimizations, designed to provide developers on Avalanche with a better experience.
Cosmos Community Releases Temperature Check Proposal to Introduce ATOM Liquidity Staking
Odaily News The Cosmos community released a temperature check proposal aimed at introducing ATOM liquidity staking, and voting is currently open. The proposal proposes to replace Cosmos Hub's current staking, distribution, and penalty modules with LSM (liquid staking module), and mitigate liquidity staking risk by limiting the total amount of liquid staking ATOMs to 25% of the total amount of ATOMs staking. In addition, LSM also introduces a validator binding mechanism, which requires validators to self-bond 1 ATOM in order to be eligible to obtain 250 ATOMs in the liquidity staking delegation and to be eligible to mint LSM Token.
Filecoin Has Launched FWS, an Open Source Alternative to AWS
Odaily News Filecoin announced that it has launched Filecoin Web Services (FWS) this week, aiming to build open source alternatives to AWS, Google Cloud and Azure. FWS is a set of computing and storage technologies built on the Filecoin network that developers can use to build decentralized applications.
Astar Network Announces the Winners of the First Web3 Hackathon
Odaily Polkadot Parachain Astar Network released the first Web3 Hackathon report, which received more than 420 applications, conducted preliminary review on 41 teams, and 12 teams passed the preliminary review, and finally 8 teams won awards, including 1 special prize (Teritama), 5 Excellence Awards (Simplex Blocks, Teichaku, Digital Value, NOT a DAO, Team Pangea), 2 Polkadot/Web Foundation Awards (GAOGAO, RnDAO).
ZetaChain will launch an incentive test network and open node applications on CoinList
Odaily News CoinList announced that ZetaChain, a cross-chain smart contract platform, will launch an incentive testnet and open node applications on CoinList, and testnet participants will have the opportunity to receive corresponding rewards.
Bottom layer-Layer 2
Bottom layer-Layer 2
Odaily News According to Nansen’s disclosure on social media, Arbitrum has completed the full distribution of the initial ARB distribution of its ecological DAO. The highest recipients include: Treasure (8 million ARB), SushiSwap (about 4.25 million ARB), Dopex (about 387 10,000 ARB), Radiant Capital (about 3.35 million ARB), Balancer (3.09 million ARB), etc.
Optimism Introduces "Superchain Token List" Feature to Simplify Bridge Token Process
The workflow of this function is as follows: developers can create a PR (Pull Request) in the Github library of Superchain Token List, and each token added to the list will be automatically verified according to the data provided by the requester. During this process, Optimism will verify the on-chain information of the token and verify that the asset can use the standard bridge. The token building and issuance process is also automated. Once a token is merged into the token list repository, it will be immediately deployed to the Hyperchain token list.
The workflow of this function is as follows: developers can create a PR (Pull Request) in the Github library of Superchain Token List, and each token added to the list will be automatically verified according to the data provided by the requester. During this process, Optimism will verify the on-chain information of the token and verify that the asset can use the standard bridge. The token building and issuance process is also automated. Once a token is merged into the token list repository, it will be immediately deployed to the Hyperchain token list.
Optimism developer karl.floersch.eth to take over as CEO of OP Labs
Odaily News OP Labs tweeted that Optimism Collective developer karl.floersch.eth will take over as CEO of OP Labs, and liam.eth will no longer hold this position.
Odaily News StarkWare issued an article explaining Starknet's 2023 goals and roadmap. Starknet will focus on improving network performance and UX in 2023, including improving network efficiency, reducing transaction costs, and implementing fee markets.
The upcoming Starknet v 0.12.0 will include significant throughput and latency improvements, and this release will include a transition to the Rust-based Sequencer and the new Rust-Cairo VM. In v 0.13.0, Starknet’s transaction costs will be significantly reduced, mainly through Ethereum’s EIP-4844 (expected to be launched in Q4 2023) and the introduction of Starknet’s Volition (off-chain data availability). Starknet will introduce a fee market in v 0.14.0; in v 0.15.0 Starknet will switch to a constant and shorter block interval.
In addition, Starknet stated that it plans to focus on decentralization at the operational and decision-making levels in 2024.
Polygon launches Polygon zkEVM cross-chain bridge Polygon Bridge
Odaily News Polygon announced the launch of Polygon Bridge, a cross-chain bridge for Polygon zkEVM. Polygon Bridge for zkEVM is powered by zero-knowledge technology, managed by smart contracts on Ethereum and Polygon zkEVM, and supports ERC-20 tokens and ERC-777 tokens. Users can complete fund withdrawals on the Ethereum mainnet within 30-60 minutes.
The Base testnet will undergo a Regolith hard fork upgrade on April 28
Odaily News Coinbase L2 Network Base tweeted that the Base Goerli test network will undergo a Regolith hard fork upgrade at 01:00 on April 28, Beijing time. This is the first hard fork of the test network.
The upgrade, aimed at making Base more secure and reliable, follows the Optimism Regolith hard fork upgrade on March 17th, and is activated by making timestamp-based configuration changes to the OP Stack’s Rollup nodes and execution engines. Nodes will need to be upgraded to version Base node v 0.1.1 to stay in sync, the upgrade has no effect on users not running nodes.
Ethereum Scaling Project AltLayer Supports L3 Blockchain Arbitrum Orbit
infrastructure components
infrastructure components
Gitcoin has started the Gitcoin Grants Beta Round, which will run until May 9th
Odaily News Gitcoin announced the opening of Gitcoin Grants Beta Round donations, and this round of donations will last until May 9th. There was $1.25 million in matching funds in the Core Round in the Gitcoin Grants Beta Round. The five core rounds in this round of Gitcoin Grants Beta Round include Climate Solutions, ZK Tech, OSS, Community & Ed, and Ethereum Infrastructure.
Odaily News Uniswap announced that its self-hosted open source mobile wallet Uniswap Wallet has been officially launched in the App Store, and all the information of users in TestFlight before will be automatically transplanted. Uniswap Wallet supports users to create new Ethereum wallets or import existing wallets. Users can store, monitor and trade tokens on multiple chains without changing or configuring the network. They can view NFT, connect to Web3 applications, and more. The Uniswap wallet source code has been audited by security firm Trail of Bits.
Odaily’s Snapshot voting page shows that the Lido community’s proposal to “approve DAO fund management principles and authorize the establishment of a treasury fund management committee” has ended and passed with a 100% approval rate. Proposed treasury management principles include that ETH is the primary unit of account for Lido DAO, that Lido DAO funds are a source of protocol resilience and future growth, and can fund plans to further the protocol's decentralization and cybersecurity goals; The risk of loss of treasury funds is minimized; all treasury ETH must be pledged in Lido; LDO holders have the final say.
Ethereum Staking Protocol Swell Network Launches Mainnet Public Beta
Odaily News The Ethereum pledge agreement Swell Network launched the public Beta test version Swell Seawolf on the Ethereum mainnet. Users can stake liquidity at zero fees in this version, and early stakers may have the opportunity to participate in Swell's decentralized governance.
LayerZero Labs launches Essence, a new project that allows validators to be up and running quickly
LayerZero Labs, the development team of the interoperability protocol LayerZero, launched a new project, Essence, which can separate security and operational burdens, allowing anyone to start and run validators (oracle machines and relays) within 1 hour. Previously, validators required several months to build and require support from the entire development team.
LayerZero Labs says this is the first step on the road to v2, and the validator waitlist already includes more than 50 entities. LayerZero Labs will open source the code and publish documentation over the next few months.
Odaily News Omni Network, an Ethereum interoperability protocol, announced the completion of $18 million in financing, with participation from Pantera Capital, Two Sigma Ventures, Jump Crypto, Hashed, The Spartan Group, etc.
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DeFi
Odaily News According to the snapshot page, the Aave community launched an on-chain vote on the proposal of "Aave V3 GHO Genesis Parameters", which aims to consolidate the community's preference for the GHO starting parameters of V3 Ethereum promoters, and will end on May 3 . It is reported that the proposal provides the following two options to choose from. Option A was jointly proposed by ACI and Chaos Labs, and Option B was originally proposed by Aave: Option A borrowing rate is set at 1.5%, and Bucket Capacity is set at 100 million US dollars , stkAAVE Discount Rate is 30%; plan B borrowing rate is set to 2%, Bucket Capacity is set to 50 million US dollars, stkAAVE Discount Rate is 25%. Currently, the support rate of plan A is 83.63%, and the support rate of plan B is 15.33%. 1.05% Waived.
The Aave community's ARFC proposal on "Deprecating the Aave V2 AMM Market" has been voted through
Odaily’s Snapshot voting page shows that the Aave community’s voting on the ARFC proposal of “abandoning the Aave V2 AMM market” has ended and passed with a support rate of 99.99%. Next, the proposal will enter the AIP proposal stage with sufficient notice time for users to adjust their positions as needed.
Odaily News The dYdX community has passed the on-chain vote of "DIP 22 - Increase the maximum funding rate (8 h) to 4% and fix the data error in the V3 perpetual contract".
The proposal proposes to increase the maximum 8-hour funding rate for all markets from 0.75% to 4%, and deploy a fix to the associated dYdX V3 perpetual contracts to address data availability issues.
Previously, Considered Finance published a paper on the impact of existing funding rate limits on the dYdX market. The study identified several instances where the peak interest rate was insufficient to incentivize the convergence of the dYdX market price with the underlying index price. This results in inefficiencies in the dYdX marketplace and trading experience.
To address this, Considered Finance recommends increasing the maximum 8-hour rate from -0.75% and 0.75% to between -4% and 4%. This change will improve the trading experience and reduce the need for manual intervention through margin adjustments.
At the same time, a bug was found in the current version of the dYdX StarkEx Cairo code, which only occurs in the specific case of a transaction that results in a collateral balance (i.e. value) of exactly 0 (after paying all fees), and for account will be triggered. This could make it impossible to retrieve funds once the exchange is frozen, and neither dYdX nor StarkWare can help users.
Odaily News SushiSwap CEO Jared Gray outlined the progress of his revitalization project and future plans on Twitter. “We’ve built additional tokenomics models over the past four months, and we’re planning an overhaul of the Chef contract. Soon, we’ll be moving tokenomics into the governance process for final discussion and voting One of the main goals of the new token economics is to promote the adoption of Uni V3 on Sushi.”
Additionally, Gray mentioned, “To help achieve our goals, we built a new route processor that allows us to take full advantage of the power of the Tines engine and helps us aggregate all Sushi liquidity in the best possible way.” SushiSwap has been selected In order to support its Uni V3 deployment, the third version of the router was launched on the designated network.
Regarding reforms on the community side, Gray said, “We will launch a governance dashboard built entirely from scratch in May. My goal is to promote transparency in DAO operations and help increase governance participation through transparency; The first step in setting new standards for DAOs and community engagement and ownership."
PancakeSwap's proposal on "reducing block rewards" has been voted through
Odaily News PancakeSwap DAO's proposal to "reduce block rewards" has ended, and the "active reduction" proposal was voted through with a support rate of 57.77%.
It is reported that the proposal immediately adjusted the release amount of CAKE Syrup Pool from 6.65 CAKE/block to 3 CAKE/block, and then reduced 0.5 CAKE/block every month for 5 months. The release amount of CAKE Syrup Pool was the sixth Monthly reduction to 0.35 CAKE/block (about 2% APR).
According to the official Twitter, the current release amount of CAKE Syrup Pool has been reduced to 3 CAKE/block.
DeFi asset management agreement Zapper: No tokens, we do not plan to launch tokens
Odaily news DeFi asset management agreement Zapper tweeted, "Next week ⚡️". Zapper later added that “there is no token, we are not planning to launch a token.”
NFT
Tiger Global slashes OpenSea valuation to $3 billion
Odaily News Tiger Global has lowered the value of its interest in OpenSea from US$126.8 million to US$30.2 million, a drop of 76%. Based on this calculation, Tiger Global has lowered OpenSea's valuation to $3 billion.
As previously reported, OpenSea announced in January 2022 that it had completed a $300 million Series C round of financing at a post-investment valuation of $13.3 billion, led by Paradigm and Coatue, and participated by Tiger Global and others. (DL News)
NFT marketplace Blur will begin filtering cheater wallet addresses in the next few weeks
Odaily News The NFT market Blur tweeted that some cheating activities can be easily detected on the chain, and all cheaters will be filtered from Season 2 onwards. Most of the on-chain analysis will be done by the end of Season 2, but in order to improve the user experience, Blur will also begin wallet address filtering in the next few weeks.
NFT Marketplace Magic Eden Launches AMM Pool
According to the official Twitter, NFT market Magic Eden announced the launch of the Magic Eden AMM mining pool, allowing users to act as buyer LPs, seller LPs and bilateral LPs. Currently Maker fees are 0 (until further notice) and all liquidity pools have a 1.3x fee multiplier ($50k prize pool). All fee multipliers will be sent to liquidity pool providers.
According to official news from Odaily, the NFT market AlienSwap will officially launch the Pro version soon. If users want to participate in the early experience before the official release, they can apply to the official Twitter private message or through Discord. Currently, it is only open to the first 100 people who pass the application.
Foreign media: Amazon's NFT platform launch date postponed to May 15
According to sources from Odaily, the technology giant Amazon has postponed the launch of its NFT platform "Amazon Digital Marketplace" from April 24 to May 15, because Amazon is not ready yet. NFTs that the marketplace will purportedly support include Bored Ape Yacht Club (BAYC). (The Big Whale)
Odaily News NFT data and order aggregation platform NFTGo completed a strategic round of financing of 4 million US dollars. Qiming Venture Partners and Hash Global made additional investments. New investors include 500 Global and Skyland Ventures. Fosun Group co-founder Liang Xinjun and a former Binance executive Participate in personal name. Through this financing, NFTGo has received a cumulative investment of more than 10 million US dollars.
It is reported that NFTGo, established in 2021, is a one-stop NFT data analysis platform that can provide users with NFT solutions, such as NFT data analysis, transaction aggregator and asset management services. NFTGo recently launched Data API and Aggregator API solutions. (Segyebiz)
Mike Seavers, former EVP of Development at Epic Games, will serve as CTO of Yuga Labs
Odaily News Mike Seavers, former executive vice president of development at Epic Games, the developer of Fortnite, will join Yuga Labs as chief technology officer, effective May 22. (CoinDesk)
BAYC Postpones Journey to EVO 2, New Chapter of 'Jimmy Monkey Trials', to June
Odaily News BAYC released the game update progress of "Monkey Jimmy Trial", the release of REAVER in the HV-MTL mech NFT type may be delayed until May.
The mdvmm.xyz information shows that the Evo 1 Reveal update time in the current roadmap has been adjusted from April to May, and the subsequent "Evo 2 Tour" time has also been changed from the previous "May launch" to "June start up".
Moonbirds launches PROOF+Moonbirds Community Council to facilitate team and community communication
Odaily News The NFT project Moonbirds announced the establishment of the "PROOF+Moonbirds Community Committee", and its holders have nominated 10 community members to represent the needs and visions of the PROOF and Moonbirds communities.
The committee will meet with PROOF leadership every two weeks to drive more collaboration between Moonbirds and serve as a new feedback channel for the PROOF team.
Doodles to open early beta for The Stoodio on April 28th
social contact
social contact
Lens Protocol Launches Beta Version of Optimistic L3 Extension Solution Bonsai
Odaily News Web3 social graph protocol Lens Protocol announced the launch of the Optimistic L3 extension solution Bonsai beta version, which will handle ultra-large-scale transactions and is designed to support the next generation of Web3 social users. It is reported that Bonsai can handle ultra-large-scale Polygon off-chain transactions and reduce costs. Unlike L2 solutions, Bonsai does not compress transactions to L1, but sends and stores them on the data availability layer.
Odaily News According to official news, Suia, an ecological social application of Sui, announced that it will issue SUIA tokens, with a total of 100 million SUIA tokens, 7% of which will be allocated to the community access plan and unlocked immediately; 13% will be allocated to early contributors and divided into 20 months Unlocked linearly; 20% will be allocated to the team and unlocked linearly in 40 months; 60% will be allocated to the community and unlocked linearly in 50 months.
It is reported that SUIA will be used for governance and user incentives.
SPACE ID will introduce the ".sei" domain name to the Sei Network ecology
Odaily News The decentralized identity protocol SPACE ID has established a partnership with the Layer 1 public chain Sei Network. SPACE ID will introduce the ".sei" domain name to the Sei Network ecology. In addition, a portion of revenue generated from ".sei" domain name services will be considered the same type of revenue as other revenue in SPACE ID.
game
game
Odaily News Swedish NTF football game development company Goals announced the completion of a US$20 million Series A financing, Reddit co-founder Alexis Ohanian (Alexis Ohanian)'s Seven Seven Six led the investment, Northzone, Moonfire and Cassius participated in the investment, The company's total funding to date has reached $39 million. The new funds will be used to accelerate the development of Goals' NFT football video game product, which is currently in pre-alpha stage, and add Web3 social and game competition elements, which have replaced traditional football game models such as traditional EA Sports FC. In addition, the company also intends to integrate its team Scale up to 75 people. (sportspromedia)
Odaily News A number of StarkNet ecological projects including Starknet.id and Braavos jointly announced that they will launch the community event StarkFighter.
It is reported that StarkFighter is a small game challenge activity, and the activity will last until May 19. Participating in the game requires the address to have a StarkNet domain name or subdomain name. The prize pool of the StarkFighter event is $12,000, and players at the top of the leaderboard can get special NFT rewards in addition to ETH rewards.
security incident
security incident
Odaily News A number of security agencies suggested that the Polygon ecological project 0 VIX Protocol was suspected of being hacked, and the amount stolen was about 2 million US dollars, including 600,000 US dollars in USDT and 1.45 million US dollars in USDC.
Odaily news 0x scope researcher Bobie tweeted that the zkSync ecological DEX Merlin was suspected of being hacked, and more than $1.82 million in assets were stolen and bridged to the Ethereum chain.
Merlin TG MOD said that if you receive information that LP is suspected to be exhausted, please do not deposit LP or participate in the public sale, and wait for the founder or developer to confirm.
Data from Merlin’s official website shows that its MAGE public sale has raised 319.14 ETH (approximately $600,000).
Ordinals Finance Loses $1M for Exit Scam Project
Odaily News According to CertiK monitoring, Ordinals Finance has been confirmed as an exit scam project, causing a loss of 1 million US dollars. The deployer withdraws OFI tokens from the OEBStaking contract, exchanges them for ETH and transfers them to the EOA address (0x 34 e...25 cCF), which in turn transfers 550 ETH (~$1 million) to Tornado Cash. All social media accounts and websites of the project have been deleted.
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