As blockchain technology evolves rapidly, Layer 3 (L3) is emerging as a new industry focus. L3 acts as an application-specific chain, offering tailored blockchain solutions for particular communities and use cases, such as enterprises, gaming, and social networks. Compared to Layer 2 (L2), L3 goes further in optimizing transaction speed and privacy, making it ideal for more complex applications. This article will introduce the top ten most influential L3 projects, explore their unique features, and assess their potential to drive blockchain innovation forward.

Gate Research Daily Report: October 22—BTC price fell 2.40% over the past 24 hours to $67,376, facing support at $66,500. Investors should closely monitor market dynamics. Bitcoin network hash rate reached a new all-time high, surpassing 840 EH/s. Magic Eden surpassed OpenSea in user numbers over the past year. Gate Ventures and HackQuest co-hosted the Web3 Dev Huddle, fostering Web3 innovation in Southeast Asia. A spelling error with GOAT caused a brief panic-driven correction, but it did not dampen the ongoing popularity of AI Meme derivative tokens. The European Union launched the Trusted Investors Network to support deep tech innovation and enhance global competitiveness. The daily active users of the TON network dropped to around 1.58 million.

This article makes an in-depth analysis of how PayFi (Payment Finance) combines blockchain technology and DeFi to create a new financial market. It also explores its core elements, application scenarios, and market potential, and discusses the technical architecture and challenges of Web3 payments.

XION is the first user-focused Layer 1 designed to provide web3 developers with the infrastructure to simplify blockchain operations, enabling them to build, launch, and scale user-friendly applications for non-crypto native users through complete abstraction.

Puffer uses Restaking to build a more efficient Based Rollup, with decentralized sequencers and better cross-chain liquidity interaction. Based Rollup and mainstream Rollups will shape different ecosystems within Ethereum.

Unlike the fragmented control seen in Ethereum’s ecosystem, Solana's smaller ecosystem is more agile and responsive. After the collapse of FTX, Solana made a strong comeback, leveraging its high performance, effective marketing, and diverse hardware products. PayFi, introduced by Solana Foundation Chair Lily Liu, has also become a trending topic. Looking ahead, the entire Web3 industry is gradually moving towards off-chain solutions and real-world use cases, marking a key trend for the future.

Get an in-depth look at the rise of decentralized finance (DeFi) and how it democratizes financial services through blockchain and smart contracts. Explore signs of DeFi's recovery, the impact of global interest rate changes on DeFi, and the potential of DeFi in the financial sector.

In-depth analysis of how multi-virtual machine (Multi-VM) architecture becomes the best solution to solve the scalability and performance bottlenecks of blockchain, and explore how Mango Network uses OPStack technology and MoveVM to build an efficient blockchain network that supports cross-chain communication. It also analyzes the technical advantages and market positioning of Mango Network, providing comprehensive analysis and insights for readers interested in blockchain technology, DeFi and cross-chain interoperability.

Dive into the latest trends in the cryptocurrency market, with a particular focus on emerging verticals beyond ERC20 tokens and DeFi. The article analyzes promising sectors such as NFTs, gaming/metaverse, real-world assets (RWAs), NodeFi, and decentralized physical infrastructure networks (DePIN). It discusses their performance in terms of growth potential, revenue potential, asset volatility, and implementation complexity.

Explore Unichain, an all-chain DeFi liquidity hub built on OP Stack. Through innovative features like verifiable block building, the Unichain verification network, and an intent-driven interaction model, Unichain addresses existing challenges in DeFi and offers insights into its technical advantages and impact on the future of decentralized finance.

Take a deep dive into Sui, the fastest growing blockchain protocol by 2024, exploring its use of the Move programming language and high transaction processing capabilities, and analyzing Sui’s remarkable growth in total value locked (TVL) and daily active users (DAU), providing valuable insights into the technical advantages and market potential of the Sui protocol.

Since its launch in 2018, WalletConnect has offered the crypto community an easy way to connect any supported wallets to decentralized applications across any blockchain. According to data from the project, WalletConnect has powered 150 million connections for over 23 million users, across 600 wallets, 40K app projects, and all chains.

This article discusses how EIP-7702 could be adopted by wallets, users, dApps, and embedded wallets, and envisions a future adoption cycle.

This article explores the economic value and role of cross-chain bridges in blockchain ecosystems. Likened to internet routers, these bridges efficiently route capital between different blockchain networks, optimizing transaction efficiency. They generate economic value through transaction fees, relay fees, and liquidity provider returns. Unlike traditional routers, cross-chain bridges have a unique profit model reflecting blockchain technology's nature. As the market matures, these bridges increasingly influence cross-chain capital transfers.

Today’s focus revolves around BitGo, the custodian behind Wrapped Bitcoin (WBTC). WBTC is one of the most widely used Bitcoin wrappers, particularly across Ethereum Virtual Machine (EVM) compatible chains.