Project Analysis

Founded in 2023, bitSmiley is a Bitcoin-native DeFi project and the first stablecoin project in the Bitcoin DeFi ecosystem, often referred to as the "Compound + MakerDAO" for Bitcoin.

Grass is a DePIN project built on the Solana network that leverages unused internet bandwidth to gather information from public networks. This information is then used to train large language models (LLMs) and establish a transparent data marketplace that rewards all participants. The protocol utilizes the bandwidth of users' devices to search for necessary information, process the collected data, and record its provenance history on the blockchain using zero-knowledge proofs (ZKPs).

The development of the internet into today’s powerful tool for connectivity wasn’t due to widespread understanding of its core protocols, such as HTTP, TCP/IP, and UDP. Instead, these technical complexities were abstracted, allowing the public to use the internet without needing to know the details. In the same way, blockchain technology and blockchain-native applications are expected to undergo a similar evolution over time.

Modular blockchains represent a new blockchain architecture that enhances scalability, security, and flexibility by separating key functions into distinct layers. This design addresses the performance bottlenecks that traditional monolithic blockchains face when handling large transaction volumes, while also enabling greater customization of the system.

Two-factor authentication (2FA) is a multi-layered security mechanism that requires users to provide two distinct forms of identification before they can access a system or protocol they wish to explore.

It is said that the candlestick chart was invented by a rice trader named Homma Munenori during Japan's Edo period to record daily rice market trends and analyze the futures market.

Stop-loss (SL) and take-profit (TP) levels are two fundamental concepts in trading, serving as the basis for disciplined exit strategies for market timing. They reflect the investor's willingness and capacity to bear risk.

Web3 wallets have become an essential tool for users looking to explore the world of cryptocurrencies. They serve as the gateway to interacting with blockchain networks and managing digital assets, making their security of utmost importance. In this article, we'll discuss the basics of Web3 wallets and introduce popular wallet types along with their potential risks.

Puffer Finance is a native liquid restaking protocol built on the EigenLayer foundation, aimed at enhancing Ethereum's Proof-of-Stake (PoS) performance and diversity. With Puffer, individuals can become validators with as little as 1 ETH, increasing the accessibility and decentralization of native restaking. Users can stake ETH and receive the platform’s native token, pufETH, to earn additional rewards through Ethereum’s PoS and restaking mechanisms. The protocol utilizes an advanced slashing mechanism to protect staked assets and employs capital-efficient strategies to maximize returns.

Scroll is a Layer 2 solution based on zkRollup on Ethereum, aiming to improve its performance and usability, thus addressing Ethereum's congestion issues. Scroll was founded in 2021 by Ye Zhang, Sandy Peng, and Haichen Shen, with the vision of creating an EVM-equivalent zkEVM for better compatibility.

At the end of September, an intriguing phenomenon emerged in the crypto market: the correlation between Bitcoin and the U.S. stock market reached its highest level in two years, only surpassed by the second quarter of 2022.

EigenLayer is an innovative protocol built on Ethereum, introducing a new primitive called “restaking.” This approach enables staked ETH and Liquid Staking Tokens (LSTs) to be reused, allowing users to opt into the EigenLayer smart contract and restake their ETH or LST to earn Liquid Restaking Tokens (LRTs). This process not only extends crypto-economic security to various applications on the Ethereum network but also opens up new avenues for earning additional rewards.

In the Web1 era, people could only browse and consume content, with very limited interaction capabilities. By the time Web2 arrived, driven by the proliferation of smartphones and the surge in mobile internet access, users could not only consume content but also create and share their own. Today, with the emergence of the Web3 concept, the internet is heading toward a whole new future. In this version, users can not only consume and create content but also truly own it, gaining greater autonomy and control.

Recently, the Bitcoin scaling solution, Fractal, achieved a market cap of $6 billion on its launch day—a milestone that took Bitcoin nearly five years to reach. Fractal has ignited a new wave of interest in Bitcoin Layer 2 networks, so let's explore what kind of solution Fractal is and whether there are other potential breakthroughs in space.

The Gate.io Pilot Trading Section is a newly launched independent trading board focused on finding popular on-chain projects. It helps users participate in on-chain project launches without needing a Web3 wallet.