Coin overview
EIGEN
Ended--
Last price (USDT)
171.76K
24h total (USDT)
739.77K
Total vol (USDT)
2024-04-30 09:00:00 ~ 2024-10-01 03:30:00
Trading time (UTC+0)
2024-10-01 09:00:00
Delivery time (UTC+0)
Total supply1.68B
Resources
Introduction
EigenLayer is a protocol built on Ethereum that introduces re-staking, allowing users who have staked $ETH to join the EigenLayer smart contract to re-stake their $ETH and extend cryptoeconomic security to other applications on the network. As a platform, EigenLayer, on the one hand, raises assets from LSD asset holders, and on the other hand, uses the raised LSD assets as collateral to provide middleware, side chains, and rollups with AVS (Active verification service) needs. The convenient and low-cost AVS service itself provides demand matching services between LSD providers and AVS demanders, and a specialized pledge service provider is responsible for specific pledge security services. EIGEN total supply: 1.67 billion tokens
Next Cryptocurrency to Explode, 20 January — Near Protocol, Hedera, EigenLayer, Compound
The altcoin market looks promising, and many altcoins are recording gains. Late last year, the cryptocurrency market experienced heightened volatility as several tokens experienced price fluctuations. But things have mostly been on the green side for many investors since November. Investors need to stay alert during this consolidation phase, as it could be a chance to catch a ride on a rising trend. Prices of various altcoins are already showing positive movements, even before the market takes off entirely. This article is dedicated to identifying the next cryptocurrencies to explode and inform investors and traders about each token. Next Cryptocurrency To Explode Savvy investors capitalized on this year’s boom in the altcoin market and taking positions in upcoming tokens like the Meme Index. Meme Index simplifies investing in meme coins by offering exposure to a curated collection of meme coins, reducing individual risks. 1. Near Protocol (NEAR) NEAR Protocol is making waves as a user-friendly and developer-focused platform for creating decentralized applications (dApps). Currently priced at $5.42, the token has seen a 0.56% rise in the last 24 hours and a more substantial 20.83% increase over the past week, pushing its market cap to $6.39 billion and ranking it #27 by market capitalization. NEAR’s focus on scalability and ease of use has attracted developers looking for alternatives to congested networks. As the demand for dApps continues to grow, NEAR appears poised for steady, long-term growth, distinguishing itself from tokens that rely on rapid, short-lived price spikes. One of NEAR Protocol’s standout features is its sharding technology, which, along with low transaction fees, addresses major blockchain challenges. Sharding can be likened to adding more cashiers to a busy supermarket, significantly reducing wait times. Similarly, NEAR’s sharding reduces network congestion, making it a faster and more efficient option compared to platforms like Ethereum. In a milestone last month, NEAR Protocol became the first non-Ethereum Virtual Machine (EVM) blockchain to integrate with MetaMask fully. This integration, powered by the NEAR Snap feature from HERE Wallet and the Banyan Collective, allows MetaMask users to create NEAR accounts and sign transactions within the ecosystem seamlessly. 2. Hedera (HBAR) As the altcoin market shows signs of recovery, Hedera (HBAR) is capturing attention with an impressive 7% gain. Its recent breakout and retest suggest a strong potential for further bullish movement. HBAR’s upward momentum began in November, starting from the $0.046 level and surging to a $0.39 resistance zone. After this rally, the token consolidated into a bullish pennant formation, often signaling a pause before further growth. On 16 January, HBAR broke above the pennant’s upper trendline, reaching a local high of $0.40. It then retraced to test the $0.32 support zone, confirming the breakout. Currently trading at $0.3660, HBAR is poised for a potential rally. If it successfully surpasses the $0.40 resistance zone, it could aim for a short-term target of $0.55, marking a possible 50% upside from its current price. Beyond price movements, Hedera is making significant strides in adoption. The World Gemological Institute (WGI) partnered with fintech firm Vaultik to tokenize $3 billion of luxury assets on the Hedera blockchain, such as diamonds, gemstones, watches, and jewelry. This innovative step modernizes the $100 billion diamond industry, leveraging blockchain for enhanced authenticity, transparency, and security. Additionally, HBAR is benefiting from speculation around the approval of a spot HBAR exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission under the new Trump administration. Canary, a fund manager, has already filed for an HBAR-focused ETF. Analysts suggest it could have a strong chance of approval in 2025, potentially outpacing competitors like Ripple, Solana, and Litecoin. 3. Meme Index (MEMEX) The Meme Index is making waves as the first-ever decentralized meme coin index, currently in its presale phase. With an impressive $2.6 million already raised, the project is steadily gaining attention and momentum in crypto. Its MEMEX token offers a unique opportunity for investors, featuring a range of investment baskets tailored to different risk tolerance levels. The available baskets include the Meme Titan Index, designed for those seeking relatively stable options, and the Meme Frenzy Index, which appeals to thrill-seekers by focusing on emerging, high-volatility meme coins with potentially huge returns. This variety allows investors to choose options that align with their financial goals and risk appetite. Moreover, MEMEX token holders can take advantage of the presale staking pool, which offers an extraordinary annual yield of 887%. The current presale price of $0.0154077 per token presents a compelling opportunity for those looking to maximize their returns early on. In addition, the platform taps into the enormous $120 billion meme coin market, simplifying investments by offering a diversified approach. This strategy minimizes the risks usually linked to individual meme coin investments, making it easier and less intimidating for newcomers to enter the market. The presale offers a limited-time chance to secure tokens before the price increases in less than two days. Interested buyers can purchase MEMEX tokens on the official website using USDT, ETH, or a bank card. Visit the MEMEX Presale 4. EigenLayer (EIGEN) EigenLayer has recently faced challenges on daily, weekly, and monthly performance charts following the announcement of its new governance system, EigenGov V1. This system aims to decentralize decision-making and promote collaboration among participants in the ecosystem. Despite the short-term price dip, this innovative framework has sparked investor interest and boosted confidence in the protocol’s long-term potential. Over the past few months, EigenLayer has encountered significant hurdles, including a major hack that resulted in the loss of over 1.6 million tokens valued at $6.8 million. However, the project is making steady progress toward recovery. Developers have planned to distribute 67 million tokens—equivalent to 4% of the initial supply—over the next year. These tokens will be released weekly, with 3% allocated to Ethereum and liquid staking token stakes. In comparison, the remaining 1% will go to EIGEN stakes and operators. On 14 January, EigenLayer announced the creation of a Protocol Council tasked with ensuring protocol security and reviewing EigenLayer Improvement Proposals (EIPs). This development was shared by the Eigen Foundation via a tweet, emphasizing the platform’s commitment to strengthening its infrastructure. EigenLayer launched a testnet about a month ago for its latest protocol upgrade. This upgrade, known as “Slashing,” is a significant step in enhancing accountability and security within EigenLayer’s ecosystem. According to the team, Slashing is a critical mechanism enabling Asset Value Securing (AVS) participants to uphold their crypto-economic commitments, ensuring a more secure and reliable environment. 5. Compound (COMP) COMP is priced at $84.59, marking a 16.31% increase over the past week. Over the last 24 hours, its trading volume surged by 51.35%, reaching $80.51 million. Despite this growth, its price and market cap experienced fluctuations, showing some volatility during this period. The token is trading 29.10% above its 200-day Simple Moving Average (SMA), indicating strong bullish momentum. Market sentiment for COMP remains optimistic, with the Fear & Greed Index at 76, signaling “Extreme Greed.” This reflects a rise in token transactions and growing confidence in a potential uptrend. About a month ago, the Mantle Network brought attention to COMP by integrating Compound III into its ecosystem. This collaboration is a significant step toward enhancing borrowing and lending services on Mantle. It also introduces new collateral options in a secure environment, making it a promising development for users. Compound Finance has also expanded its platform by adding two new assets for borrowing and lending: Ethena’s stablecoin “USDe” and Mantle’s liquid staking token “mETH.” These additions, approved by a token holder vote on 8 January, offer more flexibility for users seeking collateral options. Moreover, discussions are underway to include cmETH, another token from Mantle, on the platform. This aligns with the growing trend of liquid staking tokens gaining traction in decentralized finance (DeFi). Read More Top Cryptos with Explosive Potential
Thinking about the formation of crypto capital: Why is the return of public offerings highly beneficial?
Original author: Regan Bozman , Co-founder of Lattice Capital Original compilation: Felix, PANews The strong return of ICOs (Initial Coin Offerings) is greatly beneficial for the crypto space and lays a stronger foundation for token holders in this cycle. This story began in 2010 when prominent investor Naval saw the opportunity to bring retail investors into venture capital and democratize the asset class. He launched AngelList, and by 2013, the platform had helped startups raise over $200 million. AngelList's initial product was an email list (hence the name) used to connect startups with investors. This may sound silly and basic, but Naval was already very influential in Silicon Valley, with many companies, including Uber, raising funds through this email list. In 2014, AngelList launched Syndicates, which was a turning point. Syndicates transformed AngelList from a platform-centric investor model to a lead investor-centric model. Remember this distinction; it will be important later. Due to adverse selection, equity crowdfunding never found PMF (Product-Market Fit) ------ why would a great startup that can raise funds from VCs want to raise funds from a random platform? (Note: Adverse selection refers to a situation where one party has information advantages, leading the less informed party to make incorrect choices before a transaction occurs.) Syndicates completely overturned this idea by concentrating investments on a primary investor rather than on AngelList itself. Syndicates provided leverage for angel investors who had deal experience but not necessarily capital. For example, John Smith is a very influential marketer that startup founders want to work with, but he lacks funds. John Smith gets a $300,000 allocation in a hot deal. He invests $1,000, forms a syndicate, raises another $299,000, and then succeeds. Subsequently: The startup begins to work with him He evaluates his investment amount Retail investors get investment opportunities Syndicates quickly grew, providing funding for hundreds of companies like Pillback and Brex. It also helped many influential venture capitalists like Semil Shah and Ed Roman kickstart their careers. Anyway… back to the crypto space. In 2016, I moved to San Francisco to work on the venture capital team at AngelList and started trading cryptocurrencies everywhere, but that’s not the focus. Besides startup equity, venture capital funds are also subject to regulatory restrictions, making public offerings challenging. However, Naval became a true crypto believer earlier than most, spinning off CoinList from AngelList in 2017 to focus on cryptocurrencies. CoinList's mission is to build a seamless, compliant way for companies to conduct their token offerings. Interestingly, CoinList did not face the adverse selection issues that AngelList encountered, so it remained platform-centric. While a rapidly growing seed-stage SaaS company has no interest in 1,000 retail supporters, every company in the crypto industry wants as many supporters as possible. CoinList found true PMF from day one, with its first client being Filecoin, which raised $200 million, and that says it all. In that cycle, there were some decent projects like Stacks selling, but by Q2 2018, the situation took a sharp turn. CoinList went over a year without earning any revenue from token sales, and the situation was dire. Regan Bozman (the author of this article), Mike Zajko (former CoinList sales director), and other CoinList members would head to the bar on Friday afternoons, downing six pints of Guinness and pondering what they were doing. But the market recovered, and by the end of 2019, the team wanted to issue tokens again. They quickly helped launch ALGO, NEAR, SOL, and several other tokens. The token sale product was largely the same ------ the team still wanted as many token holders as possible. The biggest difference was that, so far, most lawyers told the team to completely avoid the U.S. Thus, these were all sales excluding Americans. CoinList experienced ups and downs but launched a series of tokens that made users a lot of money. Ultimately, if you’re in this industry, that’s the KPI. Starting in 2022, the game shifted from token sales to airdrops. Once OP and ARB abandoned public token sales, most blue-chip teams issuing tokens listened to their lawyers' advice and indeed did so. Eigenlayer, ZKSync, Jito, Morpho, Magic Eden, none of them conducted ICOs. This led to a challenging first nine months of this cycle. The market structure shifted most of the returns from retail investors to venture capitalists. Retail investors engage in this industry to make money, and the interruption of token sales was a huge setback. Last year, I spoke with dozens of founders about token issuance. Almost everyone understood the benefits of public sales and wanted to do so, but it was hard to go against their lawyers' advice. Thus, the market remained stagnant. All of this changed in Q4 of last year. Trump's election opened up design space for launching tokens. Cobie launched the public sale platform Echo Matty launched the public sale platform Legion Public offerings made a strong comeback. I have great respect for both teams, but the core products of these two sites are not new. Legion is an on-chain version of CoinList ------ platform-centric Echo is an on-chain version of AngelList ------ leader-centric When CoinList launched in 2017, building that business on-chain was not feasible, but if it were to be rebuilt today, it would take that approach and not custody user assets. One of the biggest challenges CoinList faces is that operating a centralized crypto company in the U.S. is very costly, and if recurring revenue (like transaction fees) is insufficient, it’s hard to remain profitable. Legion may run due diligence faster and easier than CoinList because it is not based in the U.S. This will obviously have negative implications for subsequent developments, but it also means it can scale faster. The core product of Echo is the on-chain version of AngelList Syndicates. Leaders like CMSHoldings bring their ongoing deals to Echo. They gain free leverage Projects expand their communities Retail investors get priority access This is a fantastic model, and I wish I had thought of it. AngelList's Syndicates always encounter bottlenecks in traditional venture capital because when anything goes public, adverse selection inevitably arises. Their core business is now primarily driven by funds rather than Syndicates. But this adverse selection (to a large extent) does not exist in cryptocurrency because teams are not worried about whether their metrics are public (they're all on-chain), and they actively want a large community. Kudos to Cobie; he truly is the GOAT. Additionally, AngelList had to spend years building financial infrastructure to manage its business. The number and complexity of the software used to manage capital tables, allocations, bookkeeping, and ancillary rights for hundreds of funds and thousands of investors are vast and intricate. Blockchain solves this problem. Echo can handle incoming funds, manage ledgers, and process on-chain allocations, increasing efficiency a hundredfold. Now they still face the incentive issues that AngelList encountered, which is the free leverage on deal leads. And there are some potential adverse selection issues because a large number of oversubscribed deals may not make it into Echo. If you manage a fund but can only get the allocation for that fund in a deal and not your Echo Syndicate allocation, you have a fiduciary duty to your investors and must prioritize that fund. So theoretically, any given best deal may not make it into Echo. But this is a known risk, and a basket of early deals on this platform is likely to be profitable. I remain very optimistic about Echo and expect that by the end of this year, over 50% of reliable crypto teams will raise some funds on Echo. This is fantastic for the space and returns to its founding intention. PS: If Cobie stops being anonymous, Lattice Capital can invest.
Top Token Unlocks This Week: EIGEN, ENA, & IMX
Token unlocks are critical events in the lifecycle of cryptocurrencies, often influencing market dynamics and investor sentiment. These unlocks release a portion of the total token supply into circulation, which can impact liquidity, price action, and trading volume. In this article, we analyze the upcoming token unlocks for three prominent cryptocurrencies: EIGEN, ENA, and IMX. By examining key metrics such as price movements, and technical indicators we aim to provide insights into how these events could shape the market outlook for each token. EIGEN According to CoinMarketCap, EigenLayer has been trading at a price of $2.87 at press time. Its price has declined by 9.03% in the last day and has a market cap of $604.01M. The 24-hour trading volume has increased by 61.13%, reaching $132.62M, indicating heightened market activity. EIGEN has no max supply, and there are about 210.8M EIGEN in circulation. On 21 January 2025, about 1.29M EIGEN, corresponding to 0.55% of circulation supply worth $3.69M will be unlocked. The RSI value at 38.35 indicates that the coin is nearing oversold territory and the MACD line trading below the signal represents a bearish momentum. Based on these technical indicators, EIGEN is currently bearish. ENA At the time of writing, ENA is trading at $0.8786, a decline of 0.54% in the past 24 hours and 1.75% in the last 7 days. It has a trading volume of $644.56M, a rise of 13.24%, and a market cap of $2.66B. Ethena has unlocked 13.88% or 2.08B ENA and is about to unlock an additional 0.42% of circulation supply (12.86M ENA) worth $11.32M on 22 January 2025. The Relative Strength Index is at 44.67, which represents the coin is in neutral territory, neither oversold nor overbought. But, based on the chart, the RSI is likely heading towards oversold territory. The Moving Average Convergence Divergence (MACD) line is below the signal line which points to a bearish momentum. Related: Ethena Price Prediction 2025-35: Will It Hit $20 by 2035? IMX At the time of publication, IMX has a price of $1.28, a rise of 3.01% in the past seven days. Immutable has a market capitalization of $2.2B and the 24-hour trading volume has surged by 20.19%, to $74.3M. The coin has unlocked 86.52% of the circulation supply and has an FDV (Fully-diluted value) of $2.55B. On 24 January 2025, 24.52M IMX, which is about 1.43% of Cir. supply and worth $31.38M will be released into circulation. The RSI value of 43.73 indicates that the coin is nearing oversold and the MACD line above the signal line points to bullish momentum. However, the narrowing gap between the two lines could indicate a potential crossover and the decreasing histogram suggests a weakening of bullish momentum. Conclusion Token unlocks for EIGEN, ENA, and IMX are likely to influence market dynamics, creating potential price fluctuations and heightened trading activity. EIGEN and ENA exhibit bearish momentum based on technical indicators like RSI and MACD, while IMX shows a mix of bullish and weakening momentum ahead of their token unlocks. Investors should closely monitor these unlocks as they could impact liquidity and market sentiment, offering opportunities for both short-term trades and long-term strategies in the volatile crypto market. The post Top Token Unlocks This Week: EIGEN, ENA, & IMX appeared first on Cryptotale.
Vitalik Buterin announces Ethereum Foundation restructuring
Ethereum co-founder Vitalik Buterin announced significant leadership changes at the Ethereum Foundation to improve communication and highlight technical expertise. Buterin stated that the Foundation’s focus would be on supporting decentralised application developers and promoting decentralisation, censorship resistance, and privacy. He clarified that the Foundation would avoid engaging in political lobbying, ideological shifts, or assuming a central role in Ethereum’s (CRYPTO:ETH) development. In a January 18 social media post, Buterin wrote, "People seeking a different vision are welcome to start their own organizations." These changes come after a challenging 2024, where the Foundation faced criticism over its spending, roadmap goals, and personnel decisions. The Ethereum Foundation implemented a conflict-of-interest policy in May 2024 after researchers, including Justin Drake and Dankrad Feist, took paid advisory roles with the EigenLayer Foundation. Drake later resigned from the role in November 2024, apologised to the community, and pledged to avoid future advisory positions or investments that could present conflicts. The Dencun upgrade, launched in March 2024, reduced transaction fees on Ethereum layer-2 networks by up to 99%, leading to a surge in layer-2 adoption. This fee reduction fueled the growth of layer-2 rollups, with L2Beat reporting 55 active rollups in the Ethereum ecosystem. The rapid expansion of layer-2 networks raised concerns about cannibalising base-layer revenues, which dropped by 99% during the summer of 2024 but recovered by year-end, according to Token Terminal. Buterin’s announcement signals a renewed focus on fostering technical excellence and decentralisation within Ethereum’s ecosystem. The leadership shift aims to address community concerns and strengthen the Foundation’s role in supporting the Ethereum network’s long-term vision. At the time of reporting, Ethereum (ETH) price was $3,302.79
Messari releases Aethir annual report: Serving over 100 million users, annual revenue reaches 90.68 million US dollars
According to official news, Messari has released the annual report for Aethir, with key points including: 1. Aethir has established partnerships with companies such as EigenLayer, ai16z, Injective, Near, LayerZero, Beam, Filecoin, Metastreet, Manta Network,Sophon,Magic Eden , Animoca and Return Entertainment; 2. The Aethir network comprises approximately 400 thousand GPUs (containers), distributed across 93 locations and providing over 11 million tensor cores to serve about 191.61 million users; 3. In December alone,Aethir generated around $7.6 million in revenue,resulting in an Annual Recurring Revenue(ARR) of approximately $90.68 million,and a total computation time of about 266.19 million hours; 4.The core technology integrates virtual computing containers,a quality verification checker,and resource allocation indexer,supporting a15-minute computational session and offering real-time dynamic pricing; 5.As of December31st2024,the newly launched$100million ecosystem fund has supported20AI-related projects(such as HeyAnon ARC TopHat etc.)through four batches by providing funding subsidies and decentralized GPU resource access. 6.A total of approximately64283million veATH have been staked among which around41212million are in the AI pool while about23071million are in the gaming pool.
Web3 gaming firm Hyve Labs raises $2.75 million in pre-seed funding
Hyve Labs, a web3 gaming firm, raised $2.75 million in pre-seed funding, making up the startup's total funding to date. Framework Ventures led the round, which saw additional contributions from Volt Capital, Builder Capital, 32 Bit Ventures and numerous angel investors, according to a release shared with The Block. Hyve Labs develops a gaming rollup built using, among other technologies, the decentralized data availability service EigenDA to act as a game launcher. The protocol also lets Hyve integrate on Telegram, Discord, Farcaster and other social platforms, the release said. Hyve Labs intends to use the funds to grow its team and develop its core infrastructure, such as launching its testnet chain, first game and other on-chain assets, the firm's CEO and Co-Founder Lucas Fulks told The Block. "With the backing of incredible investors like Framework and Volt Capital, this funding propels us closer to redefining the gaming landscape," Fulks said. "Our mission is to create a gaming ecosystem that prioritizes fun and engagement for players while empowering developers and builders to innovate without constraints." Framework Ventures also led a $2.5 million funding round for the energy-focused DePIN startup Starpower on Jan. 9, The Block previously reported.
Switchboard to become first Solana oracle network to go live on Jito's growing restaking platform
Solana-based Switchboard Protocol is slated to become the first blockchain oracle network to tap Jito’s growing restaking platform in production. The move brings together two of the largest and most impactful protocols on the Solana network. Switchboard Protocol is Solana’s largest Oracle network and aggregator, helping to secure around $1.5 billion in value. Jito, which launched its JitoSOL liquid staking protocol in 2022, is a go-to application for Solana stakers and validators. The move — announced first in August — will help boost the security and trustworthiness of Switchboard’s oracles, services that connect to external data sources to feed real-time information to smart contracts. They’re a critical component of doing just about anything onchain that requires knowledge of the offchain world. It’s also a major opportunity for kicktesting restaking, the buzzy concept of using already staked assets to secure other applications simultaneously. Not only does this foster staking’s capital efficiency by requiring fewer assets to secure more protocols, it also enables stakers to earn staking rewards from multiple sources. Restaking was introduced first on Ethereum with the launch of EigenLayer in 2023 and was quickly implemented on other blockchains. Jito was the second Solana-based protocol to introduce restaking following Soylayer in 2024. Approximately 70% of outstanding SOL is staked , representing a $76 billion market opportunity for restaking, according to Switchboard co-founder Chris Hermida, citing recent price figures. About 1.2 million individual Solana stakers put up capital to secure the network and earn rewards. Additionally, some theorists say restaking could unlock a host of novel blockchain use cases that were previously not possible. “Switchboard is a foundational piece of Solana DeFi infrastructure, and we’re excited to see the project integrate Jito (Re)staking to secure their oracle network,” Brian Smith, executive director at the Jito Foundation, told The Block. “We look forward to working with other top Solana teams to to upgrade their product and ship faster using the restaking infrastructure.“
EigenLayer introduces Protocol Council to advance decentralized governance
Is the newly formed Protocol Council the key to strengthening EigenLayer’s protocol security and supporting community-driven growth? On Jan. 14, EigenLayer (EIGEN) announced the formation of the Protocol Council to ensure protocol security and evaluate EigenLayer Improvement Proposals. The news was shared via a tweet from the Eigen Foundation. 3/ The Protocol Council maintains protocol security by reviewing/approving EigenLayer Improvement Proposals (ELIPs), ensuring all changes advance the protocol and support ecosystem growth. This marks a pivotal step in the evolution of EigenLayer's decentralized governance. — Eigen Foundation (@eigenfoundation) January 13, 2025 EIGEN is a protocol built on Ethereum (ETH) that introduces restaking, a feature allowing already staked ETH (ETH locked up to secure the network) to also secure various other applications. In simpler terms, if you have ETH staked to help protect the Ethereum network, you can use that same staked ETH to provide security for decentralized services like sequencers (which help order transactions), oracles (which supply real-world data to the blockchain), and data availability layers (which ensure data is accessible and verifiable), opening up new possibilities across decentralized applications. The newly formed Protocol Council will be instrumental in directing and overseeing the introduction of the above-mentioned features, ensuring that all improvements are well-vetted and support the protocol’s long-term objectives, fostering broader ecosystem development and empowering community-driven contributions. In addition to the formation of the council, EIGEN has launched the Eigen Council Telegram group, offering the community an opportunity to actively participate in governance, vote on proposals, and submit ideas. Active voters will receive EIGEN tokens as rewards, making the process more engaging. /5 With the Protocol Council's arrival, we're also launching the Eigen Council Telegram. These users will be allowed to partake in proposals to help shape the Eigen DAO, active voters will receive $EIGEN as a reward. Stay up to date ⤵️https://t.co/FaKujudDgA — Eiqcn Fcundaticn (@eigcnfoumdation) January 13, 2025 EigenLayer also supports restaking with any ERC-20 token, a feature introduced in August 2024 with the launch of permissionless token support on its mainnet, allowing stakers to use various ERC-20 tokens, including AVS tokens, stablecoins, and Bitcoin(BTC) denominated assets, to secure additional networks and earn rewards. Furthermore, EigenDA, a service on EigenLayer providing low-cost data availability for rollups, supports custom quorums secured by restaked ERC-20 tokens, offering additional flexibility for rollup-specific security needs. You might also like: EIGEN futures rise ahead of EigenLayer season 2 stakedrop With a 24-hour trading volume of over $137.35 million, the EIGEN token is trading at about $2.98 as of Jan. 14. There are over 210.8 million EIGEN tokens in circulation, and the token’s market cap is $630 million, at the time of writing. EIGEN 6-month price chart | Source: crypto.news You might also like: EigenLayer airdrop draws criticism amidst transferability concerns, allocations
SOON will adopt EigenDA as the data availability layer for SOON's main network
Foresight News reports that Solana's virtual machine, SOON, has announced a strategic partnership with data availability (DA) solution EigenDA. It will adopt EigenDA as the designated DA layer for the SOON mainnet.
EigenLayer Protocol Council is launched, aiming to promote the decentralization of protocol governance
According to the announcement by the Eigen Foundation, The Protocol Council has been officially launched, and the foundation has completed the final lock-in transaction to transfer control to the council. The Protocol Council is a core decision-making body for EigenLayer governance, responsible for reviewing and approving EigenLayer Improvement Proposals (ELIPs) to ensure that all protocol upgrades meet security requirements and support sustainable development of the ecosystem. The council members are composed of diversified representatives from the Eigen ecosystem, aiming to promote decentralized governance of protocols.
The Battle of the Three Giants in Blockchain: Who Will Lead the Future, MegaETH, Hyperliquid, or Monad?
Original Title: "MegaETH vs Monad vs Hyperliquid: Who Leads in Instant Blockchain Transactions?" Author: threesigmaxyz , Blockchain Engineering and Auditing Company Compiled by: zhouzhou, BlockBeats Editor's Note: This article provides an in-depth analysis of the features and competitive advantages of the three major blockchain platforms: MegaETH, Hyperliquid, and Monad, exploring their performance in low latency, high throughput, and decentralization. Each platform demonstrates unique value in specific application scenarios, offering different choices for developers and enterprises. As blockchain technology continues to evolve, these platforms are driving industry innovation and may lead to further breakthroughs through cross-ecosystem integration in the future. Here is the original content (reorganized for better readability): The next big show in blockchain has begun—MegaETH, Hyperliquid, or Monad? In the rapidly evolving blockchain space, instant transactions are shifting from a luxury to a necessity. With decentralized finance applications, payments, gaming, and high-frequency trading continuously challenging the capabilities of traditional blockchains, the demand for real-time performance has never been more urgent. In this race, MegaETH, Monad, and Hyperliquid are competing to redefine transaction speed and scalability. As mentioned in our previous article, MegaETH is an emerging Layer 2 solution that has garnered widespread attention for its focus on real-time performance, boasting near-instant block times and high transaction throughput. However, Hyperliquid and Monad also present strong competition with their unique blockchain performance optimization approaches. This article will delve into the advantages, architectures, and trade-offs of these solutions to understand who can lead in the race for instant blockchain transactions. Overview of MegaETH megaeth labs is a Layer 2 scaling solution designed specifically for Ethereum. What sets MegaETH apart is its focus on real-time blockchain performance, providing ultra-low latency and high scalability support for applications that require instant responsiveness. Latency and Speed: MegaETH's block time ranges from 1 to 10 milliseconds, processing up to 100,000 transactions per second (TPS). Dedicated Nodes: Utilizing a sorter-centric model, nodes are categorized into sorters, provers, and full nodes, optimizing execution flow and reducing redundancy. Integration with EigenDA: Leveraging EigenDA for data availability, achieving scalability while ensuring reliability and performance. Advantages The architecture of MegaETH is designed for speed and efficiency, standing out in the competitive Layer 2 space: Low Latency: Its near-instant transaction processing capability is ideal for high-frequency trading, gaming, and payment systems. High Scalability: By processing blocks in milliseconds, it avoids the congestion issues common to other L2 solutions during peak times. EVM Compatibility: Fully compatible with the Ethereum ecosystem, allowing seamless integration of existing dApps while ensuring security. Despite MegaETH's focus on real-time performance, it faces fierce competition from Hyperliquid and Monad, which adopt distinctly different strategies for optimizing blockchain transactions. Overview of Hyperliquid HyperliquidX is a fully on-chain perpetual contract trading protocol, running on its self-developed Layer 1 blockchain, optimized for low latency and high throughput. By integrating spot, derivatives, and pre-listing markets, Hyperliquid introduces the high-performance consensus mechanism HyperBFT and plans to launch HyperEVM to efficiently aggregate liquidity and expand its ecosystem. Hyperliquid aims to redefine the trading experience through high-speed decentralized market infrastructure, making it highly attractive to financial institutions and high-volume users. Its unique combination of spot and perpetual markets enables seamless liquidity aggregation and rapid settlement. Technical Advantages: Hyperliquid's tech stack encompasses a broader range of financial primitives, such as lending, governance, and native stablecoins. With the HyperBFT consensus mechanism, it achieves a block time of 0.2 seconds while maintaining a unified state across all components, ensuring performance, liquidity, and programmability. With over 262,000 users and processing 200,000 transactions per second, it establishes its leading position in decentralized market infrastructure. To further expand its influence, Hyperliquid offers Builder Codes, allowing other dApps and centralized exchanges (CEX) to seamlessly integrate its liquidity by paying fees per transaction. Builder Codes not only extend Hyperliquid's reach but also incentivize external platforms to leverage its high-performance trading infrastructure, enhancing liquidity and expanding network effects. Overview of Monad monad xyz has redesigned the EVM architecture, achieving unprecedented throughput through parallel execution. By addressing the limitations of Ethereum's sequential transaction processing, Monad enhances efficiency and scalability. Monad aims to provide cutting-edge blockchain performance while maintaining decentralization, setting a new standard for Layer 1 scalability. Its architecture supports parallel transaction processing across multiple EVM instances, seamlessly integrating with existing user and developer workflows. Monad maintains full compatibility with Ethereum bytecode while enhancing performance through advanced internal optimizations without altering the developer experience. Technical Highlights: Pipelining Optimization: Optimizes transaction execution, consensus processes, and state synchronization to maximize hardware efficiency and reduce latency. MonadBFT Consensus Mechanism: A custom consensus mechanism based on HotStuff, supporting a decentralized validator set for rapid block finality. MonadDB: A database designed for Ethereum state access, combined with optimistic parallel execution, achieving high throughput with minimal overhead. Separation of Consensus and Execution: Enhances scalability, supporting the development of high-performance and low-latency applications. Monad provides enterprise-grade application support, equipping developers with tools to create high-throughput and Ethereum-compatible decentralized applications. Comprehensive Comparison Evaluating the performance of MegaETH, Hyperliquid, and Monad across key metrics provides a comprehensive understanding of their unique advantages and trade-offs. This comparison focuses on the following metrics: latency, throughput (TPS), EVM compatibility, application scenarios, time to finality (TTF), and decentralization trade-offs. These features highlight the fundamental needs for scalable blockchain infrastructure, ensuring practical applications and performance. Latency MegaETH: Excels in Layer 2 transactions with ultra-low latency (1-10 milliseconds), suitable for applications requiring near-instant responsiveness, such as high-frequency trading or competitive gaming. Hyperliquid: Optimizes sub-second latency, designed for financial markets, providing fast order execution and a seamless trading experience. Monad: Maintains consistent performance through low-latency execution even under heavy network load, supporting a diverse range of decentralized applications (dApps). The team has not yet specified latency times. Throughput (TPS) MegaETH: Throughput exceeds 100,000 TPS, focusing on scalability for large-scale applications. Hyperliquid: Achieves 200,000 TPS through its proprietary HyperBFT consensus mechanism and Layer 1 optimizations. Monad: Maximum throughput of 10,000 TPS, focusing on balancing high performance and decentralization. EVM Compatibility MegaETH: Fully EVM compatible, ensuring seamless migration for developers and existing dApps. Hyperliquid: Integrates a custom HyperEVM designed for financial markets. Monad: Redesigned EVM supports high-performance execution while maintaining compatibility with Ethereum tools and standards. Application Scenarios MegaETH: Focused on real-time interaction and high scalability, targeting gaming, trading, and payment systems. Hyperliquid: Concentrates on financial markets, providing robust infrastructure for derivatives, spot trading, and market making. Monad: Supports a variety of dApps requiring high throughput and low latency, demonstrating broad application adaptability. Time to Finality (TTF) MegaETH: Layer 2 transactions are nearly instantaneously confirmed (10 milliseconds), but full settlement on Ethereum Layer 1 takes about 7 days. Hyperliquid: A TTF of 1-2 seconds balances low latency with a robust consensus mechanism. Monad: Completes transaction confirmation within 1 second, providing a practical combination of speed and security. Decentralization Trade-offs: MegaETH: The centralized Sequencer design sacrifices some decentralization to achieve real-time performance at the Layer 2 level. Hyperliquid: Its market-focused architecture prioritizes low latency and high throughput over decentralization. Monad: Strives to balance performance and decentralization through parallel execution and delayed state updates. Conclusion MegaETH, Hyperliquid, and Monad each bring unique innovations to the blockchain ecosystem, catering to different needs: MegaETH: Excels in latency and TPS, suitable for real-time applications, but its centralized Sequencer design raises questions about decentralization. Hyperliquid: Stands out in the financial market space, leading with HyperEVM and liquidity integration, but its general applicability in other dApp areas is less than that of MegaETH. Monad: Balances decentralization and performance through parallel execution, enhancing TPS and supporting various application scenarios. Who is Leading? It depends on the specific use case: For trading and liquidity needs, Hyperliquid performs strongly due to its focus on the financial sector. For general dApp scalability, MegaETH leads with its real-time performance and broad application range. For decentralized high-throughput applications, Monad's parallel EVM is a strong choice for developers prioritizing decentralization. Key Observations 1. Trade-offs of MegaETH MegaETH achieves unparalleled speed by sacrificing decentralization, making it highly suitable for real-time systems like trading and gaming. While it relies on Ethereum Layer 1 for settlement (ensuring trust and security), it also bears the drawback of longer finality times on Ethereum. In contrast, Monad and Hyperliquid achieve faster local finality through their independent consensus mechanisms, prioritizing instant performance but sacrificing Ethereum's shared security guarantees. 2. Focus of Hyperliquid Hyperliquid excels in the financial market, boasting exceptional speed, liquidity integration, and seamless trading infrastructure. However, its focus on trading limits its general applicability in the broader dApp ecosystem, making it less attractive for generalized applications. Additionally, its centralized HyperBFT consensus raises concerns about decentralization and trust, while heavily relying on external liquidity to maintain its performance and ecosystem growth. 3. Balance of Monad Monad achieves a balance between scalability and decentralization through its parallel execution model, providing developers with high throughput while maintaining EVM compatibility. However, its reliance on high-performance hardware (such as 32 GB RAM and high bandwidth) limits accessibility for smaller operators, potentially leading to network centralization. Its independent Layer 1 consensus mechanism offers autonomy but sacrifices Ethereum's security guarantees, which may deter developers prioritizing trust and shared security. The competition between MegaETH, Hyperliquid, and Monad highlights a key aspect of blockchain development: currently, there is no single solution that can dominate all use cases. Each platform excels in its domain, offering unique value propositions that meet different needs. For developers and enterprises, decisions often hinge on specific application requirements, whether it be unparalleled speed, market liquidity, or decentralized scalability. These projects also emphasize the importance of continuous innovation in blockchain infrastructure. As adoption rates increase, the industry must find a balance between the scalability trilemma and user expectations for low fees, high performance, and robust security. The integration of solutions across different ecosystems may drive the next wave of blockchain breakthroughs. As blockchain technology evolves, these platforms are pushing the boundaries of possibility, paving the way for faster, more scalable, and efficient decentralized systems. Ultimately, the choice depends on the priorities of developers and users: speed, decentralization, or specialization.
Solayer pre-sale is postponed to the 16th. A quick overview of the participation rules, protocol background and valuation
Original | Odaily Planet Daily ( @OdailyChina ) Author｜Nan Zhi ( @Assassin_Malvo ) Public Sale Rules Public sale platform: Buidlpad Public sale time: adjusted to 1/16 18: 00 (UTC+ 8) , originally scheduled to start at 1/13 18: 00 (UTC+ 8), lasting 38 hours, the duration is not yet determined whether it will be adjusted. Fundraising amount: Total amount is 10.5 million USD. If the amount is over-raised, it will be distributed proportionally . The upper limit of over-raised amount is 21 million USD. The estimated FDV is 350 million USD. The lower limit of the order number is 100 USDC and the upper limit is 2000 USDC. Fundraising tokens: support USDC, USDT, SOL, WIF, BONK. The above tokens are limited to the Solana chain. Other key points: 100% of the public sale tokens will be unlocked on the day of TGE and can be claimed through the public sale platform Buidlpad. KYC restrictions: Asian regions including mainland China, Japan, South Korea, etc. cannot participate. It is unclear whether sSOL is a snapshot There are a total of 156,000 addresses staking 869,000 sSOL in Solayer. Although there were rumors in the community before the public sale time was changed that a snapshot would be taken on the 13th, this statement was not supported by an official announcement. Protocol Introduction The concept of Restaking was first proposed by EigenLayer. EigenLayer hopes to use Restaking to implement Active Verification Service (AVS) to provide security for other protocols and networks while enabling stakers to earn additional income. However, as of now, we have not seen mature use cases for AVS on the demand side. For users, the main income is only the tokens and points of the Restaking protocol, and there are no token rewards from the demand side. Therefore, Solayer wrote in the First Principle of its official document: “We don’t fully agree with the technical architecture of EigenLayer. Therefore, we have redesigned and redefined the Restaking mechanism in the Solana ecosystem in a sense as a way to protect application network bandwidth. Our goal is to become the de facto standard infrastructure for SwQoS (Stake-weighted Quality of Service) and eventually become one of the core primitives of the Solana blockchain/consensus.” We did not fundamentally agree with EigenLayers technical architecture. So we re-architected, in a sense, restandardized restaking in the Solana ecosystem. Reusing stake as a way of securing network bandwidth for apps. We aim to become the de facto infrastructure for stake-weighted quality of service, and eventually, a core primitive of the Solana blockchain/consensus. Simply put, Solayer has developed a new service and consumption model based on Solanas SwQoS mechanism in addition to security. The demand side can pay for a better trading experience. This demand is more real than security, especially in the scenario of Solanas high-frequency trading, and there is more room for imagination. ( Note: SwQoS ensures the success rate and speed of transactions on the chain, while the priority fee affects the order after on-chain. ) In the latest released roadmap, Solayer has upgraded its narrative and will launch the infinitely scalable multi-execution cluster architecture Solayer InfiniSVM, which will not be elaborated here. Horizontal comparison A simple comparison with the Restaking protocol on Ethereum is as follows: It can be seen that Solayer is relatively close to Renzo and Puffer Finance in terms of TVL, FDV and financing amount, and 350 million FDV is a reasonable valuation. However, considering that Solayer is the only leading Restaking platform on Solana, and that regional restrictions are strong, it is difficult for scientists to compete for market share in large quantities, so it is expected that there will be some room for price appreciation. In addition, TGE will unlock 100% of the tokens, and the conditions in the pre-sale are relatively favorable.
Next week, a large amount of tokens such as ONDO, CHEEL, CONX and others will be unlocked
On January 13, Token Unlocks data showed that ONDO, CHEEL, and CONX tokens will see large unlockings next week, with: Cheelee (CHEEL) will unlock about 20.81 million tokens worth about $169 million on Jan. 13 at 8 a.m. Singapore time; Polyhedra Network (ZKJ) will unlock approximately 17.22 million tokens at 8:00 a.m. Singapore time on Jan. 13, representing 28.52 percent of current circulation and worth approximately $33.2 million; World Mobile Token (WMTX) will unlock approximately 16.04 million tokens valued at approximately $6.4 million on January 13 at 8 a.m. Singapore time; CYBER (CYBER) will unlock approximately 886,000 tokens at 10 p.m. Singapore time on Jan. 13, representing 3.81 percent of current circulation and worth approximately $2.7 million; Covalent X Token (CXT) will unlock approximately 26.9 million tokens at 8:00 a.m. Singapore time on January 13, at a ratio of 2.99% to current circulating volume, valued at approximately $2.5 million; Moonwell (WELL) will unlock approximately 38.54 million tokens at 8:00 a.m. Singapore time on Jan. 13, representing a ratio of 1.23% to current circulating volume and a value of approximately $1.8 million; Biconomy (BICO) will unlock approximately 7.5 million tokens at 8:00 a.m. Singapore time on Jan. 14, representing a ratio of 0.82% to current circulating volume and a value of approximately $2.1 million; Connex (CONX) will unlock approximately 4.33 million tokens at 8:00 a.m. Singapore time on Jan. 15, representing a ratio of 376.3 percent to current circulation and a value of approximately $85.8 million; Starknet (STRK) will unlock approximately 64 million tokens at 8:00 a.m. Singapore time on Jan. 15, representing a ratio of 2.65% to current circulating volume and a value of approximately $27.6 million; Sei (SEI) will unlock approximately 55.56 million tokens at 8 p.m. Singapore time on Jan. 15, representing a ratio of 1.32% to current circulation and a value of approximately $21.5 million; Ethena (ENA) will unlock approximately 12.86 million tokens at 3:00 p.m. Singapore time on Jan. 15, representing a ratio of 0.42% to current circulation and valued at approximately $11.8 million; Eigenlayer (EIGEN) will unlock approximately 1.29 million tokens at 3:00 a.m. Singapore time on January 15, at a ratio of 0.61% to current circulating volume, valued at approximately $4.1 million; Arbitrum (ARB) will unlock approximately 92.65 million tokens at 9 p.m. Singapore time on Jan. 16, representing a ratio of 2.20 percent to current liquidity and a value of approximately $67.8 million; ApeCoin (APE) will unlock approximately 15.6 million tokens at 8:30 p.m. Singapore time on Jan. 17, representing a ratio of 2.16 percent to current circulating volume and a value of approximately $17.3 million; Echelon Prime (PRIME) will unlock approximately 750,000 tokens at 8:00 a.m. Singapore time on Jan. 17, representing a ratio of 1.42% to current circulating volume and a value of approximately $9.6 million; Fusionist (ACE) will unlock approximately 1.8 million tokens at 8:00 a.m. Singapore time on January 17, at a ratio of 3.95% to current circulation, valued at approximately $3.3 million; OmniFlix Network (FLIX) will unlock approximately 15.31 million tokens at 8:00 a.m. Singapore time on January 17, at a ratio of 3.66% to current circulating volume, valued at approximately $1.5 million; UXLINK (UXLINK) will unlock approximately 26.56 million tokens at 8:00 a.m. Singapore time on January 18, at a ratio of 15.63% to current circulating volume, valued at approximately $33.2 million; Ondo (ONDO) will unlock approximately 1.94 billion tokens at 8:00 a.m. Singapore time on January 18, at a ratio of 134.21% to current circulation, valued at approximately $2.41 billion; QuantixAI (QAI) will unlock approximately 232,000 tokens at 8:00 a.m. Singapore time on Jan. 18, representing a ratio of 4.79% to current circulating volume and a value of approximately $19.6 million; Cloud (CLOUD) will unlock approximately 48.92 million tokens at 11 p.m. Singapore time on Jan. 18, representing a ratio of 27.18 percent to current circulating volume and a value of approximately $8.5 million; Hatom (HTM) will unlock approximately 2.55 million tokens at 8:00 a.m. Singapore time on January 18, at a ratio of 5.70% to current circulation, valued at approximately $2.5 million; Hooked Protocol (HOOK) will unlock approximately 4.17 million tokens at 8:00 a.m. Singapore time on January 19, at a ratio of 1.89% to current circulation, valued at approximately $1.5 million.
Blockchain Top Three Showdown: MegaETH, Hyperliquid, and Monad - Who Will Lead the Future?
Original Article Title: MegaETH vs Monad vs Hyperliquid: Who Leads in Instant Blockchain Transactions? Original Author: threesigmaxyz, Blockchain Engineering and Audit Firm Original Translation: zhouzhou, BlockBeats Editor's Note: This article provides an in-depth analysis of the characteristics and competitive advantages of the three major blockchain platforms MegaETH, Hyperliquid, and Monad, exploring their performance in low latency, high throughput, decentralization, and more. Each platform has demonstrated unique value in specific use cases, providing developers and enterprises with different choices. With the continuous development of blockchain technology, these platforms have driven industry innovation and may facilitate more breakthroughs in the future through cross-ecosystem integration. The following is the original content (reorganized for better readability): The next big showdown in blockchain is here — MegaETH, Hyperliquid, or Monad? In the rapidly evolving blockchain space, instant transactions are shifting from a luxury to a necessity. As decentralized finance applications, payments, gaming, and high-frequency trading continue to challenge the traditional blockchain's capacity, the demand for real-time performance is more urgent than ever. In this race, MegaETH, Monad, and Hyperliquid are vying to redefine the dominant position in transaction speed and scalability. As mentioned in our previous article, MegaETH is an emerging Layer 2 solution designed with real-time performance at its core, garnering widespread attention with its nearly instant block times and high transaction throughput. However, Hyperliquid and Monad have also established strong competitiveness through their unique blockchain performance optimization approaches. This article will delve into the advantages, architectures, and trade-offs of these solutions to understand who may be one step ahead in the race for instant blockchain transactions. MegaETH Overview MegaETH Labs is a Layer 2 scaling solution designed specifically for Ethereum. MegaETH stands out for its focus on real-time blockchain performance, providing ultra-low latency and high scalability support for applications that require instant responsiveness. Latency and Speed: MegaETH has a block time ranging from 1 to 10 milliseconds, capable of processing up to 100,000 transactions per second (TPS). Dedicated Nodes: Employing a core model with a sequencer, nodes are divided into sequencers, attestors, and full nodes, optimizing execution flow and reducing redundancy. Integrated EigenDA: Leveraging EigenDA to provide data availability, ensuring reliability and performance while achieving scalability. Advantages MegaETH's architecture is designed for speed and efficiency, excelling in the competitive Layer 2 space: Low Latency: Its near-instant transaction processing capability is ideal for high-frequency trading, gaming, and payment systems. High Scalability: By processing blocks in milliseconds, it avoids the congestion issues common in other L2 solutions during peak times. EVM Compatibility: Fully compatible with the Ethereum ecosystem, seamlessly integrating existing dApps while ensuring security. While MegaETH focuses on real-time performance, it faces fierce competition from Hyperliquid and Monad. These two platforms have adopted radically different strategies in optimizing blockchain transactions. Hyperliquid Overview HyperliquidX is a fully on-chain perpetual contract trading protocol running on its proprietary Layer 1 blockchain, optimized for low latency and high throughput. By integrating spot, derivatives, and pre-listed markets, Hyperliquid introduces the high-performance consensus mechanism HyperBFT and plans to introduce HyperEVM to efficiently aggregate liquidity to expand its ecosystem. Hyperliquid aims to redefine the trading experience through high-speed decentralized market infrastructure, making it highly attractive to financial institutions and high-volume traders. Its unique blend of spot and perpetual markets achieves seamless liquidity aggregation and rapid settlement. Technical Advantages: The Hyperliquid technology stack covers a broader range of financial primitives such as lending, governance, and native stablecoins. Based on the HyperBFT consensus mechanism, it achieves a 0.2-second block time, maintaining a consistent state across all components to ensure performance, liquidity, and programmability. With over 262,000 users and processing 200,000 transactions per second, it has established its leading position in decentralized market infrastructure. To further expand its impact, Hyperliquid offers the Builder Codes feature, allowing other dApps and centralized exchanges (CEX) to seamlessly integrate their liquidity without paying transaction fees per trade. Builder Codes not only expand Hyperliquid's reach but also incentivize external platforms to leverage its high-performance transaction infrastructure, enhancing liquidity and expanding the network effect. Monad Overview Monad xyz has redesigned the EVM architecture, achieving unprecedented throughput through parallel execution. By addressing the limitations of Ethereum's sequential transaction processing, Monad enhances efficiency and scalability. Monad aims to provide cutting-edge blockchain performance while maintaining decentralization, setting a new standard for Layer 1 scalability. Monad's architecture supports parallel transaction processing of multiple EVM instances, seamlessly integrating with existing user and developer workflows. Monad remains fully compatible with Ethereum bytecode while enhancing performance through advanced internal optimizations, preserving the development experience. Technical Highlights: Pipeline Optimization: Optimizes transaction execution, consensus processes, and state synchronization to maximize hardware efficiency and reduce latency. MonadBFT Consensus Mechanism: Custom consensus mechanism based on HotStuff, supporting a decentralized validator set to achieve fast block finality. MonadDB: A database designed for Ethereum state access, combined with optimistic parallel execution to achieve high throughput with minimal overhead. Consensus and Execution Separation: Enhances scalability, supporting high-performance and low-latency application development. Monad provides enterprise-level application support, offering tools for developers to create high-throughput, Ethereum-compatible decentralized applications. Comprehensive Comparison Evaluate the performance of MegaETH, Hyperliquid, and Monad on key metrics to gain a comprehensive understanding of their unique strengths and trade-offs. This comparison focuses on the following indicators: Latency, Throughput (TPS), EVM Compatibility, Use Cases, Time to Finality (TTF), and the trade-off between decentralization. These features highlight the core requirements for scaling blockchain infrastructure, ensuring real-world applications, and performance. Latency MegaETH: Excels in ultra-low latency (1-10 milliseconds) in Layer 2 transactions, suitable for applications requiring near real-time responsiveness, such as high-frequency trading or competitive gaming. Hyperliquid: Optimized for sub-second latency, designed for financial markets to provide fast order execution and a seamless trading experience. Monad: Through parallelized low-latency execution, maintains consistent performance even under high network loads, supporting diverse decentralized applications (dApps). The team has not specified the latency time. Throughput (TPS) MegaETH: Achieves throughput of over 100,000 TPS, focusing on scalability for large-scale applications. Hyperliquid: With its proprietary HyperBFT consensus mechanism and Layer 1 optimization, achieves a TPS of 200,000. Monad: Maximum throughput is 10,000 TPS, emphasizing a balance between high performance and decentralization. EVM Compatibility MegaETH: Fully EVM compatible, ensuring seamless migration for developers and existing dApps. Hyperliquid: Integrates a custom HyperEVM designed for the financial markets. Monad: Redesigned EVM supports high-performance execution while maintaining compatibility with Ethereum tools and standards. Use Cases MegaETH: With a focus on real-time interaction and high scalability, aiming for gaming, trading, and payment systems. Hyperliquid: Focused on the financial markets, providing robust infrastructure for derivatives, spot trading, and market making. Monad: Supports various dApps requiring high throughput and low latency, demonstrating broad applicability. Time-to-Finality (TTF) MegaETH: Layer 2 transactions achieve almost instant confirmation (10 milliseconds), but full settlement on Ethereum Layer 1 takes approximately 7 days. Hyperliquid: Balancing a 1-2 second TTF between low latency and a robust consensus mechanism. Monad: Completes transaction confirmation within 1 second, providing a practical blend of speed and security. Decentralization Trade-offs: MegaETH: The centralized Sequencer design sacrifices some decentralization for real-time performance at the Layer 2 level. Hyperliquid: Its market-focused architecture prioritizes low latency and high throughput over decentralization. Monad: Committed to achieving a balance between performance and decentralization through parallel execution and delayed state updates. Conclusion MegaETH, Hyperliquid, and Monad each bring unique innovations to the blockchain ecosystem, catering to different needs: MegaETH: Excels in latency and TPS, suitable for real-time applications, but its centralized Sequencer design raises decentralization concerns. Hyperliquid: Demonstrates outstanding performance in the financial market domain, leading with HyperEVM and liquidity integration, but lacks the general applicability in other dApp domains compared to MegaETH. Monad: Balances decentralization and performance through parallel execution, improving TPS, and supporting various use cases. Who's Ahead? It depends on the specific use case: For transaction and liquidity needs, Hyperliquid performs strongly with its focus on the financial domain. For general dApp scalability, MegaETH stands out with its real-time performance and wide range of applications. For decentralized high-throughput applications, Monad's parallel EVM is a strong developer-first decentralized choice. Key Observations 1. MegaETH's Trade-offs MegaETH achieves unparalleled speed by sacrificing decentralization, making it well-suited for real-time systems such as transactions and gaming. Despite relying on Ethereum Layer 1 for settlement (ensuring trust and security), it also suffers from Ethereum's longer finalization times. Meanwhile, Monad and Hyperliquid achieve faster on-chain finality through their respective independent consensus mechanisms, prioritizing real-time performance but sacrificing Ethereum's shared security guarantees. 2. Hyperliquid's Focus Hyperliquid excels in financial markets, offering outstanding speed, liquidity integration, and seamless trading infrastructure. However, its focus on transactions limits its general applicability within a broader dApp ecosystem, making it less attractive for generalized applications. Additionally, the centralized HyperBFT consensus raises concerns regarding decentralization and trust, while heavily relying on external liquidity to maintain its performance and ecosystem growth. 3. Monad's Balance Monad achieves a balance between scalability and decentralization through its parallel execution model, providing developers with high throughput while maintaining EVM compatibility. However, its reliance on high-performance hardware (such as 32 GB RAM, high bandwidth) limits accessibility for small operators, potentially leading to network centralization. Its independent Layer 1 consensus mechanism offers autonomy but sacrifices Ethereum's security guarantees, which may deter developers prioritizing trust and shared security. The competition among MegaETH, Hyperliquid, and Monad highlights a key aspect of blockchain development: currently, there is no single solution that can dominate all use cases. Each platform excels in its domain, providing unique value propositions to meet different needs. For developers and enterprises, decisions often depend on specific application requirements, whether it's unparalleled speed, market liquidity, or decentralized scalability. These projects also underscore the importance of continuous innovation in blockchain infrastructure. As adoption increases, the industry must find a balance between the scalability trilemma and user expectations of low fees, high performance, and robust security. By integrating solutions from different ecosystems, the next wave of blockchain breakthroughs may be propelled. As blockchain technology advances, these platforms are pushing the boundaries of possibility, paving the way for faster, scalable, and efficient decentralized systems. Ultimately, the choice depends on the priorities of developers and users: speed, decentralization, or specialization. 「Original Article Link」
Wavedrop 2 Checker
The Wavedrop 2 checker is live! The following rewards can now be checked and will be claimable on Swellchain before Jan 22nd. Check your SWELL rewards on the Swell City page, and your EIGEN in your Portfolio . $SWELL earned in Wavedrop 2 Eligibility: Holders of Black Pearls collected between October 8th and December 17th, 2024. $SWELL bonus airdrop for L2 Pre-Launch depositors Eligibility: Holders of Ecosystem Points. $EIGEN representing a share of the 1M Eigenlayer Points. Eligibility: Depositors in the L2 Pre-Launch during the first four weeks who stayed until the launch of Swellchain on December 19th, 2024. The amount of EigenLayer Tokens received is derived from the amount deposited in the pre-launch deposit contract, and the duration of the deposit, as calculated based on a time-weighted average. The Eigenlayer Points were purchased by Swell during Eigenlayer Season 1, in which points were converted to tokens at a ratio of ~42.8 points per $EIGEN. How to claim Head to the Portfolio page when claims open on Jan 22nd and hit claim. If you need ETH for gas to transact on Swellchain, then top up via the Superbridge or unofficial bridges such as gas.zip. Optionally, you will be able to deposit your newly claimed SWELL in the SWELL/ETH pool on Neptune to earn $SWELL, $NEP and pool yield! What about Wavedrop 1 and Voyage claims on Swellchain? Wavedrop 1 claims will reopen on Swellchain at the same time, and are now paused to facilitate the migration from mainnet. Following this, Voyage claims will also be migrated to Swellchain. What’s next? Other pre-launch rewards – including token allocations from multiple ecosystem dApps such as Brahma, Versatus, Ditto, and Drosera – Will be airdropped to Ecosystem Point holders at the time of their respective airdrops. Check APYs in the Portfolio to find more opportunities to earn SWELL!
Only 0.04% of crypto traders on Pump.fun are making $10,000 or more
The apparent success of many investors in the crypto market may hide the fact that most traders have losses. On Pump.fun, a meme token launchpad, only 0.4% of traders have a profit of more than $ 10,000, statistics according to recent data . According to Adam Tehc, a Dune data analyst, out of the more than 13.4 million wallets on Pump.fun, only 54,724 wallets have made profits of $10,000 or more. However, only 294 have achieved the status of “crypto millionaires” by accumulating gains of more than $1 million—this is 0.002% of all wallets. Source:X Tehc pointed out the difference between reality and perception, saying that “289 Pump.fun millionaires is very low and speaks to the gap between the timeline and reality.” This data does not include the revenues from the purchase of Pump.fun tokens after they are graduated from the platform, which happens when a token has a $100,000 market capitalization. However, they do allow for token purchases that are made after graduation as long as the initial purchase was made before graduation. The data can also be impacted by bots. Pump.fun has identified a new group of bots known as “bump bots” that make small trades to generate interest in certain tokens. Although the percentage of very profitable traders among the Pump.fun users remain low, but this figure has steadily increased. A year ago, only 70 wallets had become millionaires, while 11,936 wallets had earned $10,000 or more. See also Can EigenLayer carry AI agents on its network? Founder Sreeram Kannan thinks so Tehc pointed out that the level of profitability is rising among more experienced traders. Pump.fun is a meme coin platform that was created in January 2024 and has become popular rather quickly. Currently, the platform supports the creation of more than 5.7 million tokens with a total revenue of approximately $392 million. A November report also showed that 88% of users trade meme coins through Pump.fun either lost money or made less than $100 in profits. Pump.fun has continued its dominance in the Solana network, performing about 70% of all transactions at the beginning of the year. This spike is the highest level of activity on the platform since November. Since its launch in early 2024, Pump.fun has had great success with Solana meme coins like PNUT, GOAT, and FARTCOINs. As Cryptopolitan reported , Pump.fun is popular among teenagers and young adults, with 64% of website users being under 34. The platform attracts its audience by combining financial and investment content with news and current events. Controversies and Regulatory Scrutiny However, not all has been rosy for Pump.fun as it has been experiencing a meteoritic rise and fall at the same time. The platform quicky turned into a playground for high-risk traders, who used any means necessary to promote tokens. In 2024, a new trend of livestream stunt occurred, during which cases of animal cruelty and fake suicide took place. All these actions led the platform to suspend its live-streaming service. See also U.S. lawmaker reveals his BTC, XRP and SOL holdings Shortly after, the UK-based Financial Conduct Authority (FCA) issued a notice that advised the public against Pump.fun due to the risks it posed. In response, the platform banned UK-based traders from participating in the platform due to the bans. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
RWA L2 Network Novastro Completes $1.2 Million Seed Round
On January 10th, Novastro, an AI-driven RWA Layer2 network, announced the completion of a $1.2 million seed funding round. Woodstock led the round with participation from Faculty group, Double peak group, Cogitent, X21, and Sam Tapaliya. According to the introduction, Novastro is a reality world asset (RWA) Layer 2 chain driven by artificial intelligence. It integrates MoveVM and EigenLayer AVS and aims to provide Ethereum-level security while utilizing the efficient scalability of the Move language to support tokenized revenue applications in the RWA and DeFi fields. Its core framework is built around the RUSD stablecoin, which is designed for the tokenization and trading of real-world assets.
Novastro Raises $1.2 Million in Seed Round to Bring RWA Solutions to Move Ecosystem
Novastro, the pioneering Layer2 RWA chain building tokenisation, trading and yield platform for Real World Assets, today announced it has raised $1.2 million in seed round funding led by Woodstock, with participation from Faculty group, Double peak group, Cogitent, X21 and Sam Tapaliya. Novastro chain allows users to access and utilize tokenised yield and trading opportunities from Real World assets across EVM Non-EVM Chains. The platform has demonstrated significant traction during its Testnet V1, generating over $25 million in total value locked, attracting 400,000 total users, and processing more than 2 million transactions on the chain. Novastro also announced its participation in Movement Labs’ accelerator program, the Move Collective where it will be among the first to build and deploy on the Movement Network, bringing its future yield technology to Movement’s high-performance blockchain infrastructure. “This funding accelerates our mission to revolutionize how users access and optimize yield from RWAs across the blockchain ecosystem,” said Shreedhar Shreenivasa, CEO of Novastro. “By unlocking tokenised yield and trading opportunities from Real-World assets, we’re solving a critical capital efficiency problem for users. Building on Movement Network’s infrastructure allows us to deliver this solution with unprecedented scalability and near-zero transaction costs, setting the stage for rapid expansion of our RWA trading and yield platform.” Through its integration with Movement, Novastro will develop a Layer 2 blockchain supporting both Move and Solidity smart contracts. This integration leverages Movement’s advanced infrastructure to deliver unprecedented scalability, superior security, and dramatically reduced transaction costs. Users will benefit from enhanced cross-chain liquidity solutions and seamless interoperability between Move and EVM ecosystems. For more information about Novastro and its RWAfi solutions, visit Novastro.xyz About Novastro Novastro is a Layer 2 chain for RWA powered by AI that integrates MoveVM and EigenLayer AVS, delivering Ethereum-level security and Move’s scalability to unlock tokenised yield opportunities across RWAs DeFi protocols. The network’s framework is centered around $RUSD, a stablecoin designed for Real World Assets, enabling seamless tokenization, trading, and yield generation. Novastro offers end-to-end regulatory compliant Turnkey Tokenization Services for projects seeking to tokenize all types of RWAs.
Aligned Foundation Completes $1 Million in Community Funding
On January 9th, Aligned Foundation, a decentralized zero-knowledge proof verification layer, announced on Twitter that it has completed a $1 million community funding round. Aligned Layer is a ZK verification layer developed on top of EigenLayer, which will make the verification of any SNARK proof cost-effective, utilizing the security of Ethereum validators without being limited by Ethereum. As an EigenLayer AVS, it promises to provide affordable verification and multifunctional proof systems for L2 and bridges, meeting critical needs in the blockchain ecosystem.
AutoLayer Explained: Restaking Marketplace
Disclaimer: The content presented in this article, along with others, is based on opinions developed by the analysts at Dewhales and does not constitute sponsored content. At Dewhales, we firmly adhere to a transparency-first philosophy, making our wallets openly available to the public through our website or DeBank , and our articles serve as vehicles for self-expression, education, and contribution to the ecosystem. Dewhales Capital does not provide investment advisory services to the public. Any information should not be taken as investment, accounting, tax or legal advice or as a recommendation to purchase, sell or hold or to pursue any investment style or strategy. The accuracy and appropriateness of the information is not guaranteed by Dewhales Capital. 1. Introduction 2. Autolayer Review 3. AutoLayer Architecture and Components 4. Tokenomics and Metrics 5. Team 6. Partnerships and Integrations 7. Backers 8. Conclusion 1. Introduction There are currently numerous restaking protocols and layers built on top of them, from EigenLayer, Babylon, and similar solutions to Symbiotic, Puffer, Swell, Kelp, and add-ons/extensions such as like Mellow, Gearbox, Lyra, and Anzen. As LRTFi evolves, the number of niche protocols grows, making it increasingly complex for users to navigate the multitude of differences between various protocols and restaking mechanisms. The restaking landscape has already developed into a multi-layered structure, a significant departure from the earlier state of LSDFi. AutoLayer is the largest marketplace for prestaking, integrated with EigenLayer, Symbiotic, Renzo Protocol, and others. It offers over 20 different assets, including restaking options for Bitcoin and Ethereum. With its advanced risk-reward analytics, point management, and structured products, AutoLayer enables users to leverage multiple LRT/LST options with just one click, maximizing and complicating their yield strategies simultaneously. 2. Autolayer Review In essence, AutoLayer is a continuation of Tortle Ninja — a visual programming language for DeFi that allows anyone to easily create and understand DeFi products. Tortle Ninja provides users with an advanced experience in algorithmic DeFi trading, enabling them to execute spot and derivatives strategies, measure their performance with real-time data, and quickly adapt to constantly changing market conditions. In AutoLayer, Tortle Ninja's mechanics are adapted for products and strategies related to restaking. As a restaking protocol aggregator, AutoLayer offers several key features: Liquidity redistribution and one-click liquidity allocation – This allows users to restake any token in a single transaction. Users can earn ETH staking rewards, EigenLayer points, LRT points, restaking rewards, and AutoLayer points with just one click, starting with any asset. Analytical engine – It calculates all the incentives and key performance indicators (KPIs) generated by the user. Risk structure – In addition to rewards, AutoLayer provides a comprehensive LRT risk assessment. We are currently focusing on depeg risks, calculating in real-time the amount of LRT used as collateral in decentralized applications like Aave, Gearbox, Morpho, and Prisma, and comparing it to DEX liquidity and contracts to be liquidated. This data allows us to analyze the potential for liquidation cascades, giving users critical information about their exposure to these risks. AVS evaluation – Restaking assets are placed on AVS. For each AVS on AutoLayer, a risk assessment will be created based on two metrics: professional operators' TVL and community TVL. Redistribution strategies – LST and LRT can be used in DeFi, and issuers can reward those who utilize them. AutoLayer users will be able to execute these strategies easily with a single click, without needing permission. Users will also be able to evaluate their position over time and exchange it for any asset they want, by reintegrating their receipts (LP positions, NFTs, etc.) back into the interface. Currently, AutoLayer operates on multiple chains, including Ethereum, Arbitrum, and BNB Chain. More chains are planned to be added in the future (more details in the "Partnerships and Integrations" section). It is worth noting that AutoLayer does not abandon the DeFi-centric legacy of Tortle Ninja, offering users strategies tied to DeFi. These strategies are powered by Balancer and Camelot pools. Additionally, AutoLayer has introduced a consistent development strategy leading up to v1.5 and v2. In v1.5, the plan includes expanding beyond EigenLayer-based restaking protocols and launching native structured products (the first of which is the integration with BNB Chain). Version 2 will bring a broader range of updates, including virtual operators and vaults, AVS storage managers, mechanisms for scoring AVS and LRT, compounding and liquification, LRT rehypothecation, slashing tests, and bounties. As part of further development, as well as improving user experience and yields, AutoLayer plans to introduce a new feature called Stripped Liquid Restaked Tokens (SLRT). To achieve this, liquidity pools will be created in Balancer containing a mix of all wrapped points, and the wrapped points in the pool will be tradable on the open market. Off-chain point representations will be stored in vaults, which in turn will allow the minting of SLRT. These SLRTs enable users to claim a specific amount of points and are on-chain representations of points. Each claim mints one SLRT and allows burning them, with a 1:1 ratio between points and SLRTs. Additionally, AutoLayer plans to create Balancer pools with liquidity for wrapped points to ensure their liquidity. 3. AutoLayer Architecture and Components As a multifunctional protocol, AutoLayer consists of several components: Dashboard, which is the frontend interface and includes three products: Click Liquid Staking/Restaking, Staking/Restaking Strategies, and DeFi Strategies (as mentioned above). The Composer is the component that enables AutoLayer to create protocol abstractions. It is an advanced tool designed for building DeFi strategies and workflows, providing a graphical interface for interacting with multiple DeFi protocols. The platform supports complex operations involving various financial instruments, including but not limited to DEX swaps, LSTfi, LRTfi, LPs, leveraged positions, yield farms, and a range of structured products and derivatives. The integrated logic layer is a key aspect of the composer. This layer provides programmable automation capabilities, allowing users to define and implement conditional logic and rule-based strategies. The Analytics Engine manages over 800 different assets from various protocols, collecting data from RPC, Chainlink Oracles, and blockchain. It offers a fast and reliable system for real-time asset valuation, covering tokens, LST, RST, LP positions, NFTs, vault shares, leveraged positions, and any combination thereof. This microservices-based engine optimizes RPC, oracle, and blockchain calls to provide scalable, accurate, and fast market data. The Execution Engine facilitates the implementation of various on-chain strategies. It initiates, halts, merges, and splits transactions to ease the integration of composite and non-composite projects within AutoLayer. Whenever an operation is required, a swarm of subprocesses is activated. The execution engine’s flexibility in managing transactions is a standout feature. It not only consolidates transactions but can also intelligently trigger and stop operations. This is particularly useful for integrating non-composite services and controlling slippage during large order executions. For example, it can create vaults on top of farming platforms or accumulate illiquid tokens and automatically swap them for liquid versions for auto-completion. Solvers are consulted by AutoLayer to get quotes from all decentralized exchanges (DEXs), bridges, and LRTfi operators, optimizing operations in terms of slippage and gas costs. 4. Tokenomics and Metrics The AutoLayer token plays a crucial role in the protocol’s ecosystem, and its value increases as the user base grows. Currently, there are no transaction fees, but the platform plans to introduce a fee ranging from 0.05% to 0.20% for all transactions conducted via AutoLayer. If a user chooses to lock tokens for yield, there will be a 30-day lock period, after which rewards will accrue over 12 months, during which users can withdraw their tokens at any time. Total supply: 30 million tokens, Initial Circulating Supply: 2,386,880 tokens 20% - Community: 6-year vesting. Airdrops will be distributed based on community milestones, which will be triggered by goals achieved by the community. Community milestones are tied to the maturity of AutoLayer and will initially be defined by the AutoLayer team, later transitioning to community governance. 25% - Ecosystem: This portion of LAY3R will be allocated to strategic participants in AutoLayer’s broader ecosystem, including community organizations, developer community growth initiatives, strategic participants, etc. 18.2% - Seed Round: Less than 7% of this allocation will be released at the TGE (Token Generation Event). 5.38% - Public Round: This will be held across multiple launchpads, such as Poolz, Ape Terminal, and MagicSquare Launchpads. 10% - Liquidity Provision: To ensure liquidity across various decentralized exchanges, incentivizing price discovery and liquidity within the DeFi ecosystem. 7.38% - Treasury: For supporting initiatives, developer grant allocations, and funding operational expenses. 4% - Strategic Advisors 10% - AutoLayer Team 5. Team The team behind AutoLayer consists of 14 people, divided into three departments: six developers, two in strategy and operations, and six in marketing and design. AutoLayer is a division of Glue Digital, a software development consulting firm specializing in cryptography, fintech, and security. Javier B. Thomas, CEO: Javier studied Physics and Information Technology at the Universidad Complutense de Madrid (UCM). His career spans key roles at Havas Media, MPG, and Aegis. In 2011, he founded Glue Digital, a bootstrapped company that has grown to 35 employees, generating an annual recurring revenue (ARR) of €2.5 million, with impressive year-over-year growth rates of 50 to 90%. At Glue Digital, Javier has been instrumental in coordinating the team and developing software used in cryptography, security, and financial technology, impacting millions of users. His clients include major organizations like Inditex (Zara), Securitas, eBay/PayPal, AXA, and various European institutions. Anxo Soto, CTO: Anxo is a computer engineer who graduated from the Universidade da Coruña (UdC). Since 2014, he has served as the CTO of Glue Digital, where he helped scale the company from 5 to 35 employees. During his university years, Anxo developed an optimized PHP version of the Arthur Scherbius Enigma Machine for his final thesis, though it was rejected by professors. He later recreated it with a simpler idea. Anxo has been working with Javier ever since. He is the creator of Universal Scripts, a popular React framework, and Oxoauth, along with numerous cryptography and security projects that have been adopted by companies like Carrefour, Securitas, and PayPal. 6. Partnerships and Integrations As an aggregator, AutoLayer naturally integrates with various projects involved in its strategies. This includes tokens from projects such as Swell (swBTC), Renzo (pzETH), Kelp (rsETH), Ether.fi (weETH), Puffer (pufETH), Bedrock (uniETH), and Inception (inETH). In the upcoming V2 release, which will feature support for multiple restaking protocols, AutoLayer is already working with Symbiotic, Karak, Kernel, and Nektar. Additionally, partnerships with AVS projects like Lagrange, Automata, Witness Chain, OpenLayer, Arpa Network, and Brevis Chain are already in place. Paraswap: AutoLayer has integrated Paraswap v5's swap mechanism, enhancing liquidity routing and giving users access to the deepest and most efficient liquidity on the market. Balancer: Integration with Balancer enabled AutoLayer to offer its first line of DeFi strategies, giving users more ways to generate yield. Balancer provides a broad range of LRT pools, allowing users to provide liquidity with a single click. Yield is generated through swap fees, bolstered by AutoLayer's additional point-based incentives. Everclear: Everclear coordinates global cross-chain liquidity settlement, addressing the fragmentation of modular blockchains with a particular focus on restaking. Users can trade or mint tokens via the Everclear interface across chains such as BNB Chain, Arbitrum, Mode, Polygon, Gnosis, OP, Linea, Metis, and Base. 7. Backers AutoLayer has Backers with $2.5M in commitments such as Dewhales Capital, Morningstar Ventures, KuCoin Labs, Staked VC, Poolz Ventures, Spark Capital and others. 8. Conclusion Last year, we had high hopes for the growth of the LSDFi sector. However, a much more rapid expansion took place in a different area—LRTFi, revolving around restaking. It's evident that the evolution of anything liquidity-related often leads to the emergence of auxiliary protocols like AutoLayer, which focus on maximizing yield and enhancing user experience (much like Napier). The most surprising aspect is that AutoLayer is not just an aggregator for LRT points; it's a complex, multi-component protocol that has evolved from another intricate DeFi product. And the evolutionary development of AutoLayer does not stop - the team is constantly adding some new things and integrations. AutoLayer links Website | Twitter | Discord | Documentation | Medium | GitHub To help us improve and provide you with the best content possible, we'd appreciate it if you could share your thoughts and opinions on the article you just read. Your feedback is very valuable to us and won't take more than 2-4 minutes. Also, this post is public so feel free to share it post as well Thank you so much! ❤️ Our links: 🔗 Website 🐦 Twitter ✉️ Substack 🔸 DeBank
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