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
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
Can EigenLayer carry AI agents on its network? Founder Sreeram Kannan thinks so
EigenLayer may bring its data availability service to AI agents, giving them on-chain abilities. The founder of EigenLayer believes AI agents can become part of the Autonomous Verifiable Services (AVS) ecosystem. EigenLayer can potentially join the AI narrative trend as a pivot strategy after attention shifted away from Data Availability technologies. The founder of EigenLayer, Sreeram Kannan, explained how AI agents can start building real on-chain activities, by becoming a part of the Autonomous Verifiable Services (AVS) network. Kannan believes AI agents are the ultimate AVS consumers and should join up as verification entities themselves. He explained that agents are not yet allowed to run operations in a permissionless, verifiable system. According to him, agents can become truly sovereign without suffering from potential flawed oracle attacks with EigenLayer. Kannan has previously predicted the role of EigenLayer for AI agents, as they are too computationally heavy to run fully on a blockchain. However, their actions can be verified in another layer, creating a toolset to perform truly autonomous actions. EigenLayer may also be moving to reposition itself with a new narrative after the Data Availability layer has faded in terms of traction. Since AI agent platforms are some of the most widely traded and trending tokens, some of the EigenLayer developers started testing a new marketplace . If the idea pans out, EigenLayer may compete with Virtuals Protocol, Eliza, and other platforms for hosting a new wave of individual agents. See also Crypto industry faces uncharted waters in Washington as pro-crypto administration takes shape Following the news that AI agents could be coming to EigenLayer, EIGEN tokens traded near a one-week high of $4.12. Currently, AI agents are mostly used for social media content, but they only have hypothetical tools to make on-chain changes. Avoiding errors and unwanted effects may be achieved through AVS calls, which have built-in protection against flawed or malicious actions. AI agents still cannot perform independent actions The big problem with the wave of new AI agents is that they are not truly agentic on-chain, and rely on several allowed actions, mostly based on language models. While successful as meme tokens, AI agents are still trying to build a toolset for safe, verifiable actions. AVS go beyond nodes or ETH stakers and can bring a variety of on-chain actions. Those actions include the creation of sidechains, new virtual machines, oracles, bridges, privacy protocols, and cross-chain transfers. An AI agent can be linked to a service, which would be secured through EigenLayer’s already staked ETH. The ETH stake is valuable enough to ensure all actors coordinate since malicious actions would lead to stake slashing. At this point, it is unknown if any AI agent can perform on-chain actions or offer a service. However, with EigenLayer, the barrier to entry may be lower as AVSs were specifically created to allow easier access for developers. See also Crypto funding surpassed $9.3B in 2024, boosted by merger deals and large private rounds The actual actions of agents are still being tested, as one user added browser-based activities and even interactions with EigenLayer. There are also attempts to engineer new AI agents with sufficiently verified data and computation, to create an autonomous actor that can manage portfolios. Once again, EigenLayer plays a critical role in ensuring that every step of AI decision-making is solid, correct, and unattackable. AI agents rally to higher valuation After turning into one of the most successful narratives for 2024, AI agents continued their climb. All AI tokens expanded their valuation to above $16.9B, as traders attempted to discover the next best agent. The competition was also for AI agent platforms, each taking a different approach to building new models. Trending tokens included Freysa (FREYSA), an interactive AI personality with puzzles, and Swarms (SWARMS), a new mechanism to create AI agents. There is no set standard on what the agents can do, and the sector is still in its experimental stage. EigenLayer has no official partnerships and has not endorsed any specific agents. EigenLayer has not officially announced the launch of an AI agent framework, but it has hinted at building its own AI agent universe . Launching an AVS agent would raise demand for staked ETH. AVS entities are secured by more than $16B in staked ETH, which means even tokenless agents can be more secure. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
Solana-based restaking protocol Solayer introduces ‘InfiniSVM’ blockchain
Solayer, a restaking protocol in the Solana ecosystem, said it's developing InfiniSVM — a hardware-accelerated Solana Virtual Machine (SVM) blockchain. Termed “the grand finale of Solayer’s vision,” Solayer has published a litepaper on the solution. It claims that when launched, InfiniSVM will dynamically scale to meet application demands while maintaining a transaction confirmation time of just 1 millisecond. SVM is the software infrastructure on the Solana blockchain that handles thousands of transactions per second using a parallel processing model for decentralized applications. The architecture differs from Ethereum’s Virtual Machine (EVM), which employs a sequential processing model. Solayer, initially a restaking protocol akin to Ethereum's EigenLayer , currently has nearly $400 million in total value locked. The protocol secures other dapps through the economic value of SOL staked on the platform. Now, it has expanded to developing its own SVM blockchain. This development comes as Solayer introduced a non-profit foundation that is expected to roll out a governance token. InfiniSVM will feature a multi-execution cluster architecture using software-defined networking, supporting throughput up to 100Gbps. It will use a hybrid “proof of assigned stake” consensus mechanism to coordinate a network of provers for high-speed transaction verification. The team explained that its SVM will horizontally scale Solana’s network infrastructure and meet the bandwidth requirements of decentralized applications. Solayer also plans to integrate native yield-bearing assets such as sSOL and sUSD into InfiniSVM and allow users to stake them on the network. While the SVM has traditionally been associated with the Solana mainnet, a new wave of projects is leveraging its capabilities in new ways, extending its reach beyond the main blockchain through alternate SVMs. An alternative SVM instance, such as InfiniSVM, operates independently of the main Solana network. These alternate SVMs can be used to create Layer 2 solutions or even entirely new blockchains that leverage the SVM's performance while offering separate functionalities. Besides InfiniSVM, Eclipse is noted as another project utilizing SVM for a Layer 2 solution on Ethereum, focusing on faster transaction processing and reduced gas costs by bundling transactions off-chain and settling on the mainnet.
Gasp Explained: New Generation of Cross-chain DEXes
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. Gasp Review 3. MEV Protection and Themis Consensus 4. How Gasp works with Substrate 5. EigenLayer Implementation 6. Team 7. Partnerships and Integrations 8. Backers 9. Conclusion 1. Introduction Gasp originally started as Mangata, in the Polkadot ecosystem on Substrate, but is now a completely different product. Currently, Gasp is a cross-chain DEX and protocol designed for exchanging crypto assets between blockchains, such as Ethereum, Ethereum L2s and rollups, Solana, Bitcoin, RWA protocols, web3 gaming ecosystems, and more. Gasp provides a cross-chain communication platform that scales infinitely with large amounts of capital and offers high-speed trading for both enterprise and retail users. At present, several cross-rollup bridges exist within the Ethereum ecosystem. However, these solutions are often imperfect due to reliance on centralized authorities, leading to trust and security issues. Moreover, these bridges often require wrapped tokens, adding extra steps and complexity to the user experience. Gasp offers a solution to this problem. It can be seen as a kind of implementation of Intent mechanics, which we have written about earlier. 2. Gasp Review Gasp offers unique technology, somewhat reminiscent of liquidity bridges and atomic swaps by supporting liquidity pools (LPs) on both sides of each swap, ensuring transaction availability. Technically, Gasp is an atomic protocol, but more complex than standard solutions in this area.This is different from mint/burn and blocking/unblocking liquidity. Gasp currently uses simple pools as uni v2. A more complex mechanism is planned for the future, where Gasp vaults strategically distribute liquidity across various pools, maximizing yield and maintaining sufficient liquidity for user transactions. This system ensures efficient, reliable swaps with minimal slippage or transaction delays. However, it largely depends on the swap having minimal slippage and latency. Like if it is really a atomic cross-chain swap, whether it was ferried or not, or swap is done internally on gasp between cross-chain assets. Here’s how it works: The user initiates a deposit on one blockchain A ferry (an independent actor or liquidity provider) observes the accepted transaction, and intent of the deposit. The ferry can immediately release the equivalent amount from its own funds to the user for a small fee, defacto speeding up the transfer and taking on the validity risk Ferry is reimbursed after proper protocol validity verification is complete (ppl do not know what the challenge period might mean, without a deeper explanation of the protocol) A similar mechanism works with withdrawals, making truly cross-chain operations very fast if conditions are met The ferry acts as a gatekeeper-like structure found in other cross-chain solutions but with more extensive functionality, serving as a trust mechanism. In this sense, it somewhat resonates with the Intents idea, where the mechanism ensures quicker finality by taking on the risk of the transaction's validity, allowing for immediate fund transfers. Additionally, as mentioned earlier, Gasp is more complex than traditional atomic swaps because Gasp serves as a direct use case for EigenLayer. This approach was chosen due to the fact that ZK-rollups are not powerful enough to guarantee the validity of cross-chain swaps. They can only confirm transactions within a single L1, but not transactions between them, such as an ETH↔BTC swap. Gasp on EigenLayer aims to make atomic swaps between chains as simple as calling a smart contract on Ethereum or any other connected chain. What’s remarkable is that Gasp itself is a rollup. Moreover, the new Gasp protocol continues to use Substrate technology due to its chain's application-specific advantages. This allows the use of targeted validation protocols that provide features like native swaps, high speed, and gasless transactions, which general smart contract platforms cannot offer. Furthermore, Gasp's application-specific chain architecture avoids double fees typical of other protocols, allowing gas-free swaps. This approach creates a sustainable inflow for Gasp itself, which collects a 0.3% swap fee, excluding gas, MEV, or other hidden costs, simplifying cost calculations for users. The gasless approach is achieved because, on Gasp, blockchain users and automated market maker (AMM) users are part of a single unified product, rather than one product deployed on top of another, each with its own business model. Fee Mechanism (this is gas fee, 0.3% swap fee still applies): For swap operations involving a token pair from the whitelist (against GASP), and with a transaction value exceeding a certain threshold (10,000 GASP), a no-fee mechanism applies. For swap transactions below the threshold, a lock mechanism is used, where a certain amount of GASP tokens (50 GASP per transaction) is locked in the user's balance for 24 hours. If the user sends another transaction within the lock period, the locked amount and time period increase. This is also both a spam protection mechanism and adds bandwidth/functionality to the gasp token (since users need to hold a certain amount of gasp if they want to do a certain number of swaps / 24 hours) Another point regarding fees and profit distribution is the time-based LP rewards. Gasp’s loyalty reward mechanism encourages long-term liquidity provision, increasing rewards for capital that stays longer in the pool. Here’s how it works: In the first few days, rewards are almost non-existent, discouraging liquidity providers focused solely on short-term value extraction. Rewards ramp up quickly, continually increasing for long-term users compared to newcomers. The process is divided into so-called sessions: for example, a user joins session 2 and provides 10 LP tokens for sessions 3 and 4. In session 3, each LP token would yield 8 GASP, and in session 4, each LP token would yield 10 GASP. In total, each LP token provided over this time would earn 18 GASP in rewards. Bonus yield starts at 0, quickly ramps up aiming for 100% bonus. ramping up slows over time, where old LPs will still be in front of the new ones, but the difference is diminishing. Users get over 90% bonus efficiency in 8 weeks. Thus, Gasp users are incentivized to hold GASP tokens in their wallets, allowing them to perform more swaps as they accumulate tokens. In case of emergencies, Gasp offers an "Escape Hatch," a necessary component in any rollup, allowing users to withdraw funds if the L2 loses liveliness. In master-rollup infrastructure, escape hatches cannot always be active, as withdrawn value could be moved to another L1 if the chain hasn’t actually lost its liveliness. Lastly, as a true DeFi protocol working with liquidity, Gasp offers Gauges with weighted voting. The core genius of liquidity gauges and weighted voting is that value-adding behavior becomes incentivized! Protocol governance through participation and liquidity provision are value-adding behaviors that are properly rewarded by the liquidity gauges. 3. MEV Protection and Themis Consensus MEV protection in Gasp eliminates the power imbalance that allows transaction reordering and censorship in traditional blockchain architectures. MEV is impossible for transactions occurring through Gasp, as no attacker can scan the mempool and reorder them for frontrunning or sandwiching with other transactions. Gasp uses a unique method of concealing transaction details until execution, making it significantly harder for malicious actors to predict and exploit transaction patterns. This advanced random ordering protection mechanism safeguards users from common MEV attacks, such as frontrunning and sandwich attacks, ensuring a more secure and fair trading environment. This is achieved by two separate mechanisms, the first of which is a random order of transactions in the block. The second is encryption, hiding some transactions in the mempool from the block creator and everyone else. This is achieved through Themis Consensus, which prevents both Value Extraction by Reordering (VER) and Value Extraction by Denial (VED). To counter VER, Gasp introduces a two-step block production process: block construction and block execution. In the first step, transactions are added to the block (“block construction”), and in the second step, the order of transaction execution is shuffled using information unavailable during block construction (“block execution”). To counter VED, Gasp proposes user-encrypted transactions, which can only be decrypted by the transaction executor, provided that they were first decrypted by the block builder. This is achieved by encrypting transactions using both the block builder's and executor's public keys. The result is a doubly encrypted transaction that is sent to the mempool. 4. How Gasp works with Substrate To understand Substrate, it is important to understand where Substrate came from and why it was created. The Substrate framework was created by one of Ethereum's co-founders who wanted to focus on the multi-chain thesis. Substrate is a heterogeneous blockchain development framework designed to enable interoperability between all existing blockchains and, most importantly, blockchains that may not even exist yet. From the beginning, Substrate has been designed to be flexible and modular. Substrate provides better performance and flexibility without sacrificing security and speed, which is exactly what the Gasp team has been building. Substrate also enables the development of specialised protocols that could not be efficiently supported by generic smart contract chains. Its modular design and robust features make it ideal for building single-purpose blockchain solutions. Substrate's built-in interoperability supports connectivity with other blockchains, making it easy to connect Gasp to multiple ecosystems. The modular architecture allows developers to select advanced security features for their specific use case. The framework's interoperability allows projects to leverage the security of the blockchains they integrate with. These security features ensure that Gasp can offer secure, trust-free transactions across multiple blockchains, protecting against threats that are more difficult to combat in cross-chain environments, such as double-spending and anticipation. Substrate's application-specific structure also allows Gasp to tune its consensus algorithm to optimise transaction throughput and minimise latency. By selecting the most efficient consensus mechanism for high-frequency trading, Gasp ensures fast transaction completion and avoids network congestion. And Substrate's parallel processing capabilities and optimised network allow Gasp to tune every aspect of its protocol for maximum performance. This includes using Substrate's Wasm-based execution environment for faster execution and using optimised network stacks to improve transaction propagation and finality. It is also Substrate that enables Gasp to seamlessly integrate with various blockchain networks, facilitating seamless asset transfer and communication between different ecosystems. These features ensure that Gasp can efficiently handle cross-chain interactions, providing users with a smooth and reliable experience of moving assets between different blockchain platforms, while significantly minimising transaction costs. 5. EigenLayer Implementation Gasp leverages EigenLayer to ensure transaction finality using the crypto-economic security of Ethereum. AVS acts as a coordination layer between rollups and verifies transactions. It serves as the L2 communication hub between various L1s. All of this works within the so-called Master-rollup, which acts as a communication node and allows swaps without waiting for the dispute time to end. The Master-rollup structure can potentially provide cross-chain liquidity for its native pairs, which can be beneficial for cross-chain settlements in protocols like UniswapX or others. In short, it's more like one rollup but with simultaneous parallel sequencing for multiple L1s. In every cross-chain communication, there are entities that transfer information from one chain to another, as the chains themselves do not actually “see” each other in a blockchain sense. Ultimate security derives from the security of Ethereum L1. In the event of incorrect or malicious readings from L1, the rollup contract can verify its previous state and L2 requests, preventing an update that includes the incorrect reading. L1 remains secure. To ensure that updates between L1 and L2 are correct, both layers must be handled equally; just as L2 rolls up into L1, L1 must roll into L2. In the master-rollup, we chose a zero-knowledge disclosure rollup solution. Everything happening in L2 will generate a zero-knowledge proof, which is then provided to L1 for verification. This ensures that L1 knows the state of L2 is accurate. The master-rollup architecture also does the reverse: it ensures L2 that the state provided by L1 is accurate. However, calculating ZK proofs due to computational intensity and associated costs is practically unfeasible. Therefore, the master-rollup employs an optimistic approach, where updates from L1 to L2 are not automatically accepted but wait to be confirmed by L2 during the dispute period. Deterministic finality for the master-rollup is achieved by connecting to the replay and finalization chain. The execution phase is completed during the L2 node’s operation in a predetermined and immutable manner. Before block finalization, each operation is re-executed and verified by this security chain with the same deterministic rules. Block finality is guaranteed by the signatures of stakers involved in block approval. To prove that a block has been finalized, it's enough to verify these signatures. Signature verification on-chain is a computationally intensive process. Instead of verifying these signatures directly on L1, the security chain computes a zero-knowledge proof of the signature verification process as proof of finality. This deterministic finality of master-rollup blocks and its proof are included in all L2-L1 state updates, ensuring the correctness and finality of L2. 6. Team Peter Kris - Co-Founder - Entrepreneur, engineer, and investor. Setting the vision and strategy for Gasp. In crypto since 2012 and an early investor in Bitcoin, Ethereum, and Aave. Gleb Urvanov - Co-Founder - Scientist, blockchain architect, PhD. Author of more than 20 academic papers in information security, AI, and robotics. Alexander Jahn - Co-Founder - Entrepreneur, management lead, and investor. Successfully sold his previous startup in MOOC. Previously a VP of digital media at Bertelsmann Inc. SE. 7. Partnerships and Integrations Gasp has already launched on testnet, with the first supported L2 being Arbitrum. Also Base and Optimism are very close, additional EVM-based solutions are small effort, so they will be added in fast cadence. Another important integration component, as mentioned above, is EigenLayer. Additionally, based on Twitter Spaces, Gasp maintains active connections with projects such as Agora, Particle Network, and Ava Protocol. Gasp has formal partnerships with various companies around EigenLayer. Level - Gasp is exploring USD-pegged tokens for crypto-economic security within Level's restaking. Imagine a cross-chain DEX AVS secured by USDT, which in turn is a stablecoin liquidity pool earning revenue from cross-chain trading. Ava Protocol - This collaboration has deep roots. When Ava Protocol was known as OAK Network and Gasp was working as Mangata, both teams were already working on combining decentralised automation with cross-chain liquidity. Today, as they develop the EigenLayer restaking model for Ethereum , this vision is slowly becoming a reality. Gasp's gas-free, MEV-secured cross-chain exchanges and Ava Protocol's robust automation solutions are important steps towards providing the seamless web3 experience that everyday users want. 8. Backers Gasp announced a total commitment raise of $11 million from backers including Dewhales Capital, Polychain Capital, Signum Capital, TRGC, Top Traders Ventures, Cluster Capital, Faculty Group, Infinity Ventures Crypto, Master Ventures, Altonomy, CMS, IOSG Ventures, Moonhill, LVT Capital, Token Metrics, and others. 9. Conclusion Gasp presents itself as a protocol that reveals its true complexity gradually, layer by layer. At first glance, it seems to be a straightforward system focused on transaction encryption. However, deeper analysis uncovers its intricate architecture, with multiple components operating across different layers, functioning as modular elements. Each layer interacts with and enhances the other, creating a cohesive framework that goes beyond basic encryption to ensure comprehensive security, scalability, and cross-chain interoperability. This multi-layered approach not only fortifies the protocol’s defense against MEV but also optimizes transaction finality and liquidity sharing across chains, making Gasp a versatile and innovative solution in the evolving blockchain ecosystem. 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Polymarket odds for Berachain, Linea airdrops on the rise
Polymarket odds for Berachain and Linea airdrops in the first quarter of 2025 have risen drastically. Users on the Polygon-based platform have been betting on the projects launching their airdrops in Q1 2025 since the beginning of the year. The platform requires users to bid yes or no, depending on their choice of vote. The platform also ascertains the level of votes on a project, tilting the average odds towards the preferred options. Polymarket shot to fame during the United States election, where it predicted President-elect Donald Trump as the eventual winner even before the announcement was made. The platform currently has a list of projects that may likely launch in the first quarter of 2025, with users allowed to choose the side they want to bet on. Aside from Berachain and Linea airdrops, the platform has provided users with options to bet on Jumper, Pump.fun, and Aleo airdrops among others. Polymarket odds for Berachain airdrop rise Berachain has risen to prominence in the crypto industry, becoming one of the fastest-growing projects. It has also received significant funding, raising $43 million in 2023, before raising $69 million in a funding round in March 2024. According to sources familiar with the matter, the funding round was led by Brevan Howard Digital and Framework Ventures, pushing its value above $1 billion. See also House Speaker Mike Johnson re-Elected who backs FIT21 and opposes CBDCs Berachain is a layer-1 network, housing a handful of DeFi-related applications in its ecosystem. Its native exchange BEX is also looking to rival Uniswap, allowing users to swap tokens, while its lending protocol BEND, allows users to borrow and lend tokens, just like Aave. According to on-chain data , Berachain has handled more than 500 million transactions since inception, with about 57 million taking place in the last 14 days. Berachain has also witnessed a surge in active addresses on its platform, rising from 945,000 on Dec 15 to about 3 million presently. The odds of Berachain launching an airdrop, according to Polymarket is at 90%, a figure up by 40% since the market was created. Users can bet on the ‘Yes’ option at $0.89, with the ‘No’ option currently at $0.10. The total volume of bets on the market is presently at $64,471. Linea ecosystem witness growth ahead of its airdrop Linea, on the other hand, is a layer-2 network that uses zero-knowledge proofs to supercharge the Ethereum network. It provides tough competition to other layer-2 rivals like Arbitrum, Optimism, and Base. According to on-chain data , Linea has handled about 241 million transactions, with around 241,000 coming in the last 14 days. Linea has a total value locked ( TVL ) of $383 million, with popular players like Mendi, ZeroLend, and Lynex in its ecosystem. Linea’s popularity can be attributed to its establishment by the popular crypto firm Consensys. Consensys raised about $450 million via firms like Softbank, ParaFi, and Third Point. The Linea airdrop will be monitored by its foundation, an organization that was created in November 2024. See also Syria proposes to legalize Bitcoin for economic recovery According to Polymarket, the odds of Berachain launching an airdrop in the first quarter of 2025 is around 88%, up 38% since the market was created. Users can bet on the ‘Yes’ option at $0.90, while they can also bet on the ‘No’ option at $0.13. The total volume of bets on the market is presently around $16,561. Notably, the increase in odds does not necessarily mean the projects will launch the airdrops in the first quarter of 2025. It means that users have seen signs that have pointed to these projects launching the airdrop, seeing that it is the bettors that shift the momentum with their picks. Meanwhile, other projects like Wormhole, Hamster Kombat, LayerZero, and Eigenlayer have launched their airdrops with mixed success. Eigenlayer, for example, has dropped 30% from its listing figure, while Wormhole dropped a disappointing 82%. Land a High-Paying Web3 Job in 90 Days: The Ultimate Roadmap
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