Topics of Crypto World

The EthStorage team proposed the web3:// access protocol and the EthStorage second-layer storage protocol, aiming to help decentralized applications (DAPP) achieve true trustlessness. Most of the current DAPP front-ends and databases are not deployed on Ethereum and cannot fully inherit the security of Ethereum. The web3:// protocol allows front-end code to be deployed and accessed through smart contracts, while the EthStorage protocol reduces on-chain data storage costs through PoRA and zero-knowledge proofs. These two technologies enable DAPP to get closer to Ethereum’s decentralized vision and achieve permanent operation and censorship resistance.

In the SocialFi (social finance) space, Friend.tech, Farcaster and Phaver are three projects worthy of attention. Friend.tech regained market attention with its V2 version, which introduced several innovative features and enhanced token models, such as the “Money Club” feature, to increase user engagement and platform utility. However, Friend.tech faces user retention and economic model sustainability challenges. Farcaster provides a highly modular and composable platform with its decentralized social network mechanism and open-source design. Phaver launched the $SOCIAL token to enhance the interactivity and reward mechanism of its ecosystem, emphasizing incentives for user contribution and participation. The innovative attempts of these platforms aim to solve the problems of insufficient user activity and imbalanced economic models in the SocialFi field.

MakerDAO has launched PureDai, a new stablecoin designed to be fully decentralized. PureDai’s key features include a floating target price, decentralized high-quality collateral, highly decentralized oracles, minimal governance, permanent positioning on the Ethereum mainnet, and simple token economics. PureDai is not guaranteed to be pegged to the U.S. dollar, but instead uses a free-floating peg that may introduce negative target interest rates in response to high demand. PureDai will also have its own governance token, with an initial supply of 2 billion, distributed through NewStable mining, used to subsidize the generation of PureDai and act as a backstop in the event of bad debt

Explore how Myshell is pioneering the integration of AI with Web3, creating a decentralized platform that empowers creators and users alike.

Wormhole is a message-passing protocol that facilitates interoperability between blockchain networks. Its infrastructure operates as a communication layer on networks.

ChainGPT is an advanced artificial intelligence (AI) model designed to assist individuals, businesses, and developers solve complex issues and provide accurate information about blockchain and cryptocurrency.

What is KIM Exchange? This DEX is built on Mode's L2 solutions for efficient, secure cryptocurrency trading with strong community governance.

Coreum (COREUM) is a blockchain platform for businesses, designed for scalability, security, and decentralized applications.

Streamr (DATA) is a decentralized platform for real-time data exchange and monetization, built on blockchain technology.

Clover Finance, or CLV, is a substrate-based, multi-chain infrastructure compatible with EVM networks. The project focuses on multi-chain scaling and deployment.

Explore Kine Protocol, a decentralized exchange built on Ethereum, enabling peer-to-pool derivatives trading with high leverage and no slippage, powered by its native KINE token.

A crypto exchange allows users to buy, sell, or hold crypto assets. A user's choice of crypto exchange can affect the safety of funds.

In the Web3 world, Social platforms inherently lag behind Twitter and WeChat in terms of user experience and accessibility. The key to success lies in attracting creators to join and tokenizing their value to help them monetize. Farcaster is more like a Social Layer where various applications such as Fi, NFTs, music, and games can exist, all of which can be developed by developers. Therefore, it is an ecosystem led by developers, co-built by the community, and participated in by creators.

Push Protocol is a decentralized message push middleware. Service providers like DAPPs and smart contracts can create channels via Push Protocol to deliver notifications and other services to users. Formerly known as EPNS, the product was officially launched on Ethereum in early 2022. Since then, it has expanded to support multiple blockchains and strengthened its business, with the goal of evolving into a decentralized social media platform.

Ethena Labs' USDe stablecoin offers a new solution to the decentralization, stability, and scalability issues faced by traditional stablecoins through its unique design. This article will explore Ethena's features, compare it with traditional stablecoins, and discuss yield strategies, risks, and control measures.