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<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/" xmlns:wfw="http://wellformedweb.org/CommentAPI/" xmlns:dc="http://purl.org/dc/elements/1.1/" xmlns:atom="http://www.w3.org/2005/Atom" xmlns:sy="http://purl.org/rss/1.0/modules/syndication/" xmlns:slash="http://purl.org/rss/1.0/modules/slash/" xmlns:georss="http://www.georss.org/georss" xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#" > <channel> <title>CoinDarwin</title> <atom:link href="https://coindarwin.com/feed/" rel="self" type="application/rss+xml" /> <link>https://coindarwin.com</link> <description>Crypto Investment Compass</description> <lastBuildDate>Mon, 21 Oct 2024 03:52:48 +0000</lastBuildDate> <language>en-US</language> <sy:updatePeriod> hourly </sy:updatePeriod> <sy:updateFrequency> 1 </sy:updateFrequency> <generator>https://wordpress.org/?v=6.6.2</generator> <image> <url>https://coindarwin.com/wp-content/uploads/2024/02/cropped-logo512-32x32.png</url> <title>CoinDarwin</title> <link>https://coindarwin.com</link> <width>32</width> <height>32</height></image> <site xmlns="com-wordpress:feed-additions:1">228688760</site> <item> <title>What is Bridge, the Platform Stripe Acquired for $1.1 Billion?</title> <link>https://coindarwin.com/information/press-release/what-is-bridge-the-platform-stripe-acquired-for-1-1-billion/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Mon, 21 Oct 2024 03:52:47 +0000</pubDate> <category><![CDATA[Press Release]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=392244</guid> <description><![CDATA[<p>According to TechCrunch founder Michael Arrington, Stripe has made its largest acquisition to date, buying the stablecoin platform Bridge for a whopping $1.1 billion.</p><p>The post <a href="https://coindarwin.com/information/press-release/what-is-bridge-the-platform-stripe-acquired-for-1-1-billion/">What is Bridge, the Platform Stripe Acquired for $1.1 Billion?</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<figure class="wp-block-image size-full"><img fetchpriority="high" decoding="async" width="1024" height="576" src="https://coindarwin.com/wp-content/uploads/2024/10/stripe-bridge-coindarwin.webp" alt="What is Bridge" class="wp-image-392263" srcset="https://coindarwin.com/wp-content/uploads/2024/10/stripe-bridge-coindarwin.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/stripe-bridge-coindarwin-300x169.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/stripe-bridge-coindarwin-768x432.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/stripe-bridge-coindarwin-390x220.webp 390w, https://coindarwin.com/wp-content/uploads/2024/10/stripe-bridge-coindarwin-150x84.webp 150w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <p>According to TechCrunch founder Michael Arrington, Stripe has made its largest acquisition to date, buying the stablecoin platform Bridge for a whopping $1.1 billion. This is not only Stripe’s biggest deal, but also one of the largest acquisitions in Web3 history.</p> <p>This acquisition comes shortly after Stripe’s October launch of support for USDC payments, allowing users from over 150 countries to pay with stablecoins on Ethereum, Solana, and Polygon blockchains.</p> <p>In August, Bridge had announced the completion of a $58 million funding round with support from leading investors including Sequoia Capital, Ribbit Capital, Index Ventures, Haun Ventures, and 1confirmation.</p> <p>Bridge, which has been in development for more than two years, was founded by two entrepreneurs with extensive experience in fintech. CEO Zach Abrams previously served as Chief Product Officer at Brex, led consumer operations at Coinbase, and was a General Manager at Square. CTO Sean Yu has held senior engineering roles at Airbnb, Coinbase, DoorDash, and Square.</p> <p>Notably, this isn’t the first time the two co-founders have collaborated. In 2012, they founded Evenly, a peer-to-peer payments platform designed to simplify payments between friends. Evenly was acquired by Square in 2013, proving their innovative capabilities in the payments sector.</p> <h2 class="wp-block-heading">Bridge: The Web3 Version of Stripe</h2> <p><a href="https://www.bridge.xyz/" target="_blank" rel="noopener nofollow" title="Bridge">Bridge</a> has often been referred to as the “Web3 version of Stripe.” The platform offers simple, easy-to-use APIs that help businesses overcome the hurdles of adopting stablecoins, making stablecoin transfers and acceptance more accessible and cost-effective. Whether it’s integrating stablecoin payments, helping businesses issue their own stablecoins, or enabling efficient cross-border transactions, Bridge provides a comprehensive set of solutions.</p> <p>Bridge’s Orchestration API and Issuance API offer businesses and developers a seamless experience. The Orchestration API simplifies the integration of stablecoin payments by managing all regulatory, compliance, and technical complexities, while the Issuance API allows businesses to issue their own stablecoins in minutes. These companies can settle transactions in their own branded stablecoins while accepting various currencies, including USD, EUR, USDC, and USDT, with reserves that can be invested in U.S. Treasury bonds for yield.</p> <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="946" src="https://coindarwin.com/wp-content/uploads/2024/10/bridge_network-coindarwin-1024x946.webp" alt="" class="wp-image-392245" srcset="https://coindarwin.com/wp-content/uploads/2024/10/bridge_network-coindarwin-1024x946.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/bridge_network-coindarwin-300x277.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/bridge_network-coindarwin-768x710.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/bridge_network-coindarwin-150x139.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/bridge_network-coindarwin.webp 1091w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <p>Using Bridge’s APIs, businesses can transfer funds globally in minutes, send stablecoin payments effortlessly, and convert local currencies into stablecoins. The platform also enables global customers to maintain accounts in USD and EUR, allowing them to save and spend in these currencies.</p> <h2 class="wp-block-heading">Over $5 Billion in Annual Payments Processed by Bridge</h2> <p>Bridge has attracted major clients, including SpaceX, which uses Bridge to handle payments in different currencies across jurisdictions, transferring those funds to its global treasury via stablecoins. The platform has also partnered with blockchain networks like Stellar and crypto payment app Strike, providing infrastructure for their stablecoin payment services.</p> <p>In addition, Coinbase has integrated Bridge’s services, supporting transfers between Tether on Tron and USDC on Base. As of now, Bridge has processed over $5 billion in annual payments.</p> <p>Industry insiders report that many crypto payment companies are either using or planning to use Bridge’s services. One source mentioned talking to 25-30 crypto payment companies in recent weeks, many of which are already incorporating Bridge into their operations.</p> <h2 class="wp-block-heading">Regulatory Compliance and Global Expansion</h2> <p>On the compliance front, Bridge holds licenses in 48 U.S. states and has a VASP (Virtual Asset Service Provider) license in Poland. The company is in the process of applying for additional licenses in New York, Europe, and other regions.</p> <p>In areas where Bridge is not yet fully compliant, it partners with local entities like Bitso to expand its reach, especially in regions such as Latin America for B2B payments.</p> <h2 class="wp-block-heading">Future Outlook</h2> <p>As Bridge continues to grow, the question remains: Can it lead a transformation in the stablecoin payments sector? Will it facilitate new flows of <a href="https://coindarwin.com/information/press-release/stablecoins-the-trojan-horse-of-the-crypto-industry/" target="_blank" rel="noopener" title="Stablecoins: The Trojan Horse of the Crypto Industry">stablecoins</a> and fiat currencies across the globe, especially in regions like Africa?</p> <p>Only time will tell, but Bridge’s innovative solutions have already positioned it as a key player in the space, and its potential impact on global payments will be closely watched.</p><p>The post <a href="https://coindarwin.com/information/press-release/what-is-bridge-the-platform-stripe-acquired-for-1-1-billion/">What is Bridge, the Platform Stripe Acquired for $1.1 Billion?</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">392244</post-id> </item> <item> <title>20 Lessons for Crypto Founders: Start with Small Problems</title> <link>https://coindarwin.com/information/press-release/20-lessons-for-crypto-founders-start-with-small-problems/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Mon, 21 Oct 2024 03:31:55 +0000</pubDate> <category><![CDATA[Press Release]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=392169</guid> <description><![CDATA[<p>Start with Small Problems Instead of targeting a massive market from the outset, focus on solving a specific, smaller problem. This approach often contrasts with VC advice, which tends to emphasize large market opportunities. By concentrating on issues faced by a smaller user group, you can gain firsthand experience with the challenges they encounter while …</p><p>The post <a href="https://coindarwin.com/information/press-release/20-lessons-for-crypto-founders-start-with-small-problems/">20 Lessons for Crypto Founders: Start with Small Problems</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<h2 class="wp-block-heading">Start with Small Problems</h2> <p>Instead of targeting a massive market from the outset, focus on solving a specific, smaller problem. This approach often contrasts with VC advice, which tends to emphasize large market opportunities. By concentrating on issues faced by a smaller user group, you can gain firsthand experience with the challenges they encounter while using crypto products. Engage with various new products to understand daily user pain points and identify actionable problems that truly need addressing.</p> <h2 class="wp-block-heading">Avoid Consensus</h2> <p>Steer clear of chasing ideas that are widely regarded as the next big trend. When a concept becomes mainstream, the market is often saturated. For instance, <a href="https://coindarwin.com/reviews/web3/polymarket-review-the-26-year-old-founder-and-a-1-billion-prediction-market/" target="_blank" rel="noopener" title="Polymarket Review: The 26-Year-Old Founder and a $1 Billion Prediction Market">Polymarket</a> demonstrated the potential of prediction markets, but now many teams are competing in that space. The best time to innovate is when only a few players are active. Focus on less explored areas to create unique value propositions with ample room for experimentation.</p> <figure class="wp-block-image size-large"><img decoding="async" width="1024" height="819" src="https://coindarwin.com/wp-content/uploads/2024/10/Avoid_Consensus_Idea-coindarwin-1024x819.webp" alt="" class="wp-image-392170" srcset="https://coindarwin.com/wp-content/uploads/2024/10/Avoid_Consensus_Idea-coindarwin-1024x819.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/Avoid_Consensus_Idea-coindarwin-300x240.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/Avoid_Consensus_Idea-coindarwin-768x614.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/Avoid_Consensus_Idea-coindarwin-150x120.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/Avoid_Consensus_Idea-coindarwin.webp 1215w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <h2 class="wp-block-heading">Build for a Small Core Group</h2> <p>Identify a small group of enthusiastic early adopters—around 25 to 50 users—who are genuinely invested in the problem you’re solving. By prioritizing their needs, you can build a strong foundation and foster real supporters. Their feedback will be invaluable for rapid iterations and improvements, allowing your user base to grow organically through recommendations.</p> <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="572" src="https://coindarwin.com/wp-content/uploads/2024/10/Build_for_a_Small_Core_Group-coindarwin-1024x572.webp" alt="" class="wp-image-392188" srcset="https://coindarwin.com/wp-content/uploads/2024/10/Build_for_a_Small_Core_Group-coindarwin-1024x572.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/Build_for_a_Small_Core_Group-coindarwin-300x168.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/Build_for_a_Small_Core_Group-coindarwin-768x429.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/Build_for_a_Small_Core_Group-coindarwin-150x84.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/Build_for_a_Small_Core_Group-coindarwin.webp 1080w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <h2 class="wp-block-heading">Validate Your Hypotheses with an MVP</h2> <p>Before investing significant resources, use a Minimum Viable Product (MVP) to test your core hypotheses. This simplified version should address the primary pain point you’ve identified, providing enough insight to decide whether to double down or pivot. An MVP allows for quicker user feedback and can reveal unexpected insights, helping you stay ahead of competitors.</p> <h2 class="wp-block-heading">Launch Your Idea Within 30 Days</h2> <p>Timeliness is crucial. Aim to develop and launch your MVP within 30 days to harness the momentum of your idea and start gathering user data promptly. This rapid deployment compels you to focus on essential features and avoid the pitfalls of over-planning.</p> <h2 class="wp-block-heading">Do Non-Scalable Things</h2> <p>In the early stages, personalized interactions are more important than building a full product. Engage directly with users, handle customer support personally, and manually execute processes that you’ll automate later. These non-scalable efforts will help you form strong relationships with early users and deepen your understanding of their needs.</p> <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="810" height="810" src="https://coindarwin.com/wp-content/uploads/2024/10/Do_Non-Scalable_Things-coindarwin.webp" alt="" class="wp-image-392206" srcset="https://coindarwin.com/wp-content/uploads/2024/10/Do_Non-Scalable_Things-coindarwin.webp 810w, https://coindarwin.com/wp-content/uploads/2024/10/Do_Non-Scalable_Things-coindarwin-300x300.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/Do_Non-Scalable_Things-coindarwin-150x150.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/Do_Non-Scalable_Things-coindarwin-768x768.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/Do_Non-Scalable_Things-coindarwin-96x96.webp 96w" sizes="(max-width: 810px) 100vw, 810px" /></figure> <h2 class="wp-block-heading">Avoid Overbuilding; Use Existing Tools</h2> <p>Refrain from starting from scratch. For crypto entrepreneurs, leveraging existing products is often more effective than creating core infrastructure. For example, use established automated market makers (AMMs) like Uniswap instead of developing your own. This approach saves resources and allows you to refine your core offering.</p> <h2 class="wp-block-heading">Recruit Users One by One</h2> <p>When building your initial user base, personalized outreach is key. Contact potential users individually through email, social media, or forums. This method allows for meaningful interactions and precise feedback about your product.</p> <h2 class="wp-block-heading">Continuously Seek Feedback and Iterate</h2> <p>Maintain ongoing conversations with your users. Regular feedback can provide insights you might not have considered, allowing you to iteratively improve your product to meet evolving user needs.</p> <h2 class="wp-block-heading">Interpret Feedback Judiciously</h2> <p>While user feedback is essential, be cautious in how you interpret it. Users may struggle to articulate their needs or suggest ideas that diverge from your product vision. Use your judgment to discern underlying issues and address them in line with your product direction.</p> <h2 class="wp-block-heading">Achieve Stability with 50 to 100 Daily Active Users</h2> <p>Aim for steady growth in daily active users (DAU), targeting an initial range of 50 to 100. This level of engagement indicates that your product is gaining traction and becoming part of users’ daily routines. Monitor retention and engagement metrics to build sustainable growth.</p> <h2 class="wp-block-heading">Refine Your Business Model</h2> <p>Once you have a stable user base, focus on profitability. Develop a clear business model that outlines how your startup will generate revenue, whether through transaction fees, premium features, or token sales. A well-defined model is crucial for attracting investors and ensuring long-term viability.</p> <h2 class="wp-block-heading">Dive Deep into Data for Growth Insights</h2> <p>Data is your ally. Analyze it to understand what drives user acquisition, engagement, and retention. Identify key performance indicators (KPIs) that align with your business objectives and use this information to make informed decisions about marketing strategies and product features.</p> <h2 class="wp-block-heading">Be Persistent: Reach Out Through Various Channels</h2> <p>Persistence pays off. Don’t hesitate to contact potential users, partners, or investors multiple times. Use a mix of email, direct messaging, group chats, and social media to broaden your reach. Networking and promotion are essential for entrepreneurial success.</p> <h2 class="wp-block-heading">Celebrate Small Wins and Take Breaks</h2> <p>Every milestone, no matter how small, deserves recognition. Celebrating achievements, whether launching a new feature or hitting a user benchmark, boosts team morale. Additionally, taking breaks helps prevent burnout and maintains long-term productivity.</p> <h2 class="wp-block-heading">Work Hard</h2> <p>There’s no substitute for hard work. Building a successful startup requires dedication, long hours, and a willingness to go the extra mile. Consider how much time you’d be willing to invest compared to your competitors; this mindset can inspire smarter, more effective work.</p> <h2 class="wp-block-heading">Protect Your Equity</h2> <p>Be cautious with equity distribution in the early stages. While it may be tempting to offer large shares for funding or talent, retaining control is essential for shaping your company’s future. Explore alternative incentives and negotiate terms that align with your long-term vision.</p> <h2 class="wp-block-heading">Small Financing Teaches Resourcefulness</h2> <p>Securing moderate funding forces you to prioritize core issues and learn to manage resources efficiently. In the early stages, aim to raise between $500,000 and $1 million. A streamlined budget encourages creative solutions and builds a more sustainable business model.</p> <h2 class="wp-block-heading">Embrace Frugality</h2> <p>Adopt a frugal mindset in all aspects of your startup. Review every expense, avoid unnecessary operational costs, and focus funds on areas that directly contribute to growth. Frugality extends your runway and provides flexibility in facing unexpected challenges.</p> <h2 class="wp-block-heading">Keep Your Team Lean</h2> <p>Be deliberate about team expansion. Each new hire should fill a critical role that directly impacts your company’s success. A lean team is more agile, easier to manage, and less susceptible to the complexities that large startups face. Maintaining a small team helps you quickly pivot and preserve a strong company culture.</p><p>The post <a href="https://coindarwin.com/information/press-release/20-lessons-for-crypto-founders-start-with-small-problems/">20 Lessons for Crypto Founders: Start with Small Problems</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">392169</post-id> </item> <item> <title>Bitcoin Millionaires Surge by 111%, Approaching 90,000</title> <link>https://coindarwin.com/news/bitcoin-millionaires-surge-by-111-approaching-90000/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Sun, 20 Oct 2024 02:41:23 +0000</pubDate> <category><![CDATA[News]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=392005</guid> <description><![CDATA[<p>From 2023 to 2024, the number of Bitcoin (BTC) millionaires skyrocketed by nearly 111%, reaching a total of 85,400 individuals by 2024.</p><p>The post <a href="https://coindarwin.com/news/bitcoin-millionaires-surge-by-111-approaching-90000/">Bitcoin Millionaires Surge by 111%, Approaching 90,000</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://coindarwin.com/wp-content/uploads/2024/10/Bitcoin_millionaire-coindarwin-1024x576.webp" alt="Bitcoin millionaire" class="wp-image-392006" srcset="https://coindarwin.com/wp-content/uploads/2024/10/Bitcoin_millionaire-coindarwin-1024x576.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/Bitcoin_millionaire-coindarwin-300x169.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/Bitcoin_millionaire-coindarwin-768x432.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/Bitcoin_millionaire-coindarwin-390x220.webp 390w, https://coindarwin.com/wp-content/uploads/2024/10/Bitcoin_millionaire-coindarwin-150x84.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/Bitcoin_millionaire-coindarwin.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <p>From 2023 to 2024, the number of <a href="https://coindarwin.com/academy/investor-guide/is-bitcoin-still-a-good-store-of-value/" target="_blank" rel="noopener" title="Is Bitcoin Still a Good Store of Value?">Bitcoin</a> (BTC) millionaires skyrocketed by nearly 111%, reaching a total of 85,400 individuals by 2024, which represents 49.6% of all crypto asset millionaires.</p> <p>According to Henley and Partners’ “2024 Crypto Assets Wealth Report,” five of the six new billionaires this year credited their success to BTC. Since 2023, the global count of individuals holding at least $1 million in crypto assets has surged by 95%, totaling 172,300.</p> <p>BTC millionaires now constitute nearly 50% of the global crypto millionaire population, reflecting a growth of over 111% compared to the previous year. Among the new billionaires, five built their fortunes through BTC, bringing the total number of BTC billionaires to 28, underscoring its prominence in the digital landscape.</p> <p>As more investors recognize the substantial profits BTC can generate, its appeal as a lucrative investment option has intensified. For instance, in the United States, the approval of 11 spot BTC ETFs has significantly boosted BTC adoption.</p> <p>The increase in BTC millionaires may also be linked to regulatory changes worldwide that encourage greater participation and investment in the crypto asset market. Recent data reveals that investments in these ETFs have approached $20 million, with many investors favoring regulated funds over traditional exchanges.</p> <p>Countries like Singapore and the United Arab Emirates (UAE) have similarly fostered crypto asset usage through open policies. The UAE has eliminated capital gains tax and allows Dubai residents to trade crypto assets directly via bank accounts. Meanwhile, Singapore has taken bold steps in regulating digital assets, introducing new asset custody guidelines and revising the Payment Services Act to enhance its framework for digital payments.</p> <p>Moreover, several international regions have emerged as key hubs for crypto asset research and investment. Caribbean nations such as Antigua, Barbuda, Saint Kitts, and Nevis have proposed progressive legislation to attract digital asset entrepreneurs, diversifying the landscape of crypto-friendly jurisdictions.</p> <p>Switzerland’s “Crypto Valley” in Zug exemplifies this trend, showcasing a robust blockchain ecosystem that actively promotes the development of digital assets.</p><p>The post <a href="https://coindarwin.com/news/bitcoin-millionaires-surge-by-111-approaching-90000/">Bitcoin Millionaires Surge by 111%, Approaching 90,000</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">392005</post-id> </item> <item> <title>Major Updates Announced by Worldcoin: The Mystery of WLD Token Empowerment Continues</title> <link>https://coindarwin.com/news/major-updates-announced-by-worldcoin-the-mystery-of-wld-token-empowerment-continues/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Sat, 19 Oct 2024 07:22:51 +0000</pubDate> <category><![CDATA[News]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=387287</guid> <description><![CDATA[<p>Worldcoin founders Alex Blania and Sam Altman unveiled the project's rebranding as World Network, alongside significant updates including the new Orb.</p><p>The post <a href="https://coindarwin.com/news/major-updates-announced-by-worldcoin-the-mystery-of-wld-token-empowerment-continues/">Major Updates Announced by Worldcoin: The Mystery of WLD Token Empowerment Continues</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://coindarwin.com/wp-content/uploads/2024/10/worldcoin-coindarwin-1024x576.webp" alt="Worldcoin" class="wp-image-387307" srcset="https://coindarwin.com/wp-content/uploads/2024/10/worldcoin-coindarwin-1024x576.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/worldcoin-coindarwin-300x169.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/worldcoin-coindarwin-768x432.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/worldcoin-coindarwin-390x220.webp 390w, https://coindarwin.com/wp-content/uploads/2024/10/worldcoin-coindarwin-150x84.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/worldcoin-coindarwin.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <p>In a recent live stream, Worldcoin founders <a href="https://x.com/alexblania" target="_blank" rel="noopener nofollow" title="Alex Blania">Alex Blania</a> and Sam Altman unveiled the project’s rebranding as World Network, alongside significant updates including the new Orb, a new verification method, World ID 3.0, World App 3.0, and the launch of World Chain. The initiative aims to create a network composed of real, verified individuals to support further advancements in AI, with World Chain, World ID, and Worldcoin serving as its three main pillars.</p> <p>During the stream, the price of the WLD token fluctuated considerably. Prior to the announcement, WLD peaked at 2.3 USDT but dropped to 2.08 USDT during the broadcast, a nearly 10% decline. As of this writing, the price has rebounded to 2.2 USDT, indicating that the official updates did not significantly boost the token’s value.</p> <h2 class="wp-block-heading">Worldcoin Updates</h2> <p>On September 30, <a href="https://coindarwin.com/markets/price-prediction/worldcoin-price-prediction-2024-2025-when-will-wld-reach-100/" target="_blank" rel="noopener" title="Worldcoin Price Prediction 2024, 2025: When Will WLD Reach $100?">Worldcoin</a> announced the live stream on X, using the tagline “Building AI on human terms takes all of us.” The market speculated that the updates would involve a collaboration with OpenAI to incentivize user participation in AI development, thus empowering the WLD token. However, expectations were not met.</p> <p>Despite this, the live stream highlighted several notable features. For instance, World App 3.0 introduced Mini Apps and World Chain launched with Verified Passport as a new verification channel, marking a significant step in lowering entry barriers.</p> <h3 class="wp-block-heading">World App 3.0: A New Mini App Hub</h3> <p>Previously, World App functioned primarily as a wallet, but the new Mini Apps feature allows developers to create applications similar to those on Telegram or WeChat, enhancing the user experience. The integration of World ID ensures that app owners are verified humans, contrasting sharply with the many fake accounts prevalent on Telegram.</p> <p>Mini Apps will enable third-party applications to run within World App, allowing deep anonymous integration with users’ World IDs, wallets, and contacts. These applications are optimized for real users, enabling functionalities like chatting, transferring funds, recharging mobile balances with digital assets, and conducting human-only votes and games.</p> <p>Developers can easily create and publish Mini Apps using a customizable SDK, broadening the platform’s ecosystem.</p> <p>Additionally, World App 3.0 boasts improved wallet functions:</p> <ul class="wp-block-list"><li><strong>Speed Enhancement</strong>: Transaction speeds have increased by up to 90% with World Chain support.</li> <li><strong>New Features</strong>: Including World Pay (global free payments), convenient funding channels, a new asset yield Vault, and improved community connectivity.</li></ul> <p>World App 3.0 also supports storing World ID credentials, allowing users to keep NFC passport information on their devices. This facilitates age, nationality, and passport validation without revealing true identities.</p> <p>Extra features include:</p> <ul class="wp-block-list"><li><strong>WLD Token Distribution</strong>: Verified Passport holders can apply for WLD tokens before fully passing the Orb verification.</li> <li><strong>Deep Face Recognition</strong>: Coming this fall, this feature will help users verify real identities in live videos or chats to combat deepfake threats.</li> <li><strong>Simplified Connections</strong>: New usernames and contact tags enhance community interaction.</li></ul> <h3 class="wp-block-heading">World ID 3.0</h3> <p>World ID 3.0 introduces new functionalities based on its “proof of humanity” protocol, enhancing privacy, security, and scalability. It also facilitates quicker expansion of the World Network by allowing more users who have not yet verified via Orb to obtain World ID credentials.</p> <p>In the U.S., Malaysia, and the U.K., World ID holders can store NFC passport information within the World App, ensuring all data remains on their devices without external access. This allows users to validate their age, nationality, and passport uniqueness without disclosing their identities.</p> <p>World ID 3.0 also combats online fraud with the new World ID Deep Face feature, which verifies real communication between users using Orb imaging and facial recognition, protecting against deepfake threats.</p> <h3 class="wp-block-heading">Core Features of World Chain: Priority Block Space and Gas-Free Transactions</h3> <p>World Chain, initially mentioned in April, was created to address the significant transaction volume from Worldcoin users, which at times accounted for 44% of OP Mainnet transactions. The chain is built on OP Stack, integrating World ID to provide priority block space and gas-free transactions for verified human users, aiming to support a digital identity and financial network for over a billion unique identities.</p> <p>Key features of World Chain include:</p> <ul class="wp-block-list"><li><strong>Gas-Free Transactions</strong>: Verified users will not pay gas fees, with initial funding support from the Worldcoin Foundation.</li> <li><strong>Priority Block Space</strong>: Transactions from verified users are prioritized, reducing the risk of MEV attacks.</li> <li><strong>Native Mobile Distribution</strong>: Mini Apps allow direct access to applications within the World App.</li></ul> <p>However, the specifics of how the WLD token will function within World Chain remain unclear, and further details from the official team are expected.</p> <h2 class="wp-block-heading">Uncertain Empowerment for WLD Tokens</h2> <p>Currently, Worldcoin faces challenges related to insufficient demand for the WLD token, as the practical use cases remain unclear. While the launch of World App 3.0 and World Chain offers enhanced functionality and trading experiences, a lack of effective integration of the WLD token with these features may dampen user engagement. Without clear incentive mechanisms and use cases, investor confidence and token value may fluctuate.</p> <p>The primary hope for Worldcoin stems from its connection to AI leader OpenAI, helmed by co-founder Sam Altman. However, the relationship between the two is not clearly defined at this stage.</p> <p>To achieve its vision, Worldcoin needs to provide more information on how to empower and incentivize the WLD token, thereby boosting user confidence and demand. Sustainable growth and stable token value can only be realized when the value of the WLD token is effectively tied to the core functionalities of the World Network.</p><p>The post <a href="https://coindarwin.com/news/major-updates-announced-by-worldcoin-the-mystery-of-wld-token-empowerment-continues/">Major Updates Announced by Worldcoin: The Mystery of WLD Token Empowerment Continues</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">387287</post-id> </item> <item> <title>Bella Protocol: The New DeFi Experience in the Age of AI</title> <link>https://coindarwin.com/information/sponsored/bella-protocol-the-new-defi-experience-in-the-age-of-ai/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Fri, 18 Oct 2024 08:13:43 +0000</pubDate> <category><![CDATA[Sponsored]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=384659</guid> <description><![CDATA[<p>Bella Protocol has made a name for itself in the DeFi sector with innovative products designed to streamline user experience and optimize yields.</p><p>The post <a href="https://coindarwin.com/information/sponsored/bella-protocol-the-new-defi-experience-in-the-age-of-ai/">Bella Protocol: The New DeFi Experience in the Age of AI</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://coindarwin.com/wp-content/uploads/2024/10/cd_bella-protocol-coindarwin-1024x576.webp" alt="Bella Protocol" class="wp-image-384755" srcset="https://coindarwin.com/wp-content/uploads/2024/10/cd_bella-protocol-coindarwin-1024x576.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/cd_bella-protocol-coindarwin-300x169.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/cd_bella-protocol-coindarwin-768x432.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/cd_bella-protocol-coindarwin-390x220.webp 390w, https://coindarwin.com/wp-content/uploads/2024/10/cd_bella-protocol-coindarwin-150x84.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/cd_bella-protocol-coindarwin.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <h2 class="wp-block-heading">Exploring the AI Evolution of Bella Protocol</h2> <p>In recent years, the global cryptocurrency market, particularly in the DeFi space, has surged with the emergence of various <a href="https://coindarwin.com/academy/investor-guide/50-dyor-tools-to-level-up-from-beginner-to-alpha/" target="_blank" rel="noopener" title="50 DYOR Tools to Level Up from Beginner to Alpha">DeFi tools</a>. However, this rapid expansion has brought numerous challenges, including complex data, information asymmetry, and intricate trading operations. These issues not only deter new investors but also create headaches for seasoned ones, significantly increasing decision-making costs. Against this backdrop, there is a pressing need for solutions that simplify complexity while providing precise guidance. Bella Protocol has identified this demand and aims to revolutionize the landscape with the power of AI.</p> <p><a href="https://www.bella.fi/" target="_blank" rel="noopener nofollow" title="Bella Protocol">Bella Protocol</a> has made a name for itself in the DeFi sector with innovative products designed to streamline user experience and optimize yields. From its initial offerings like Flex Savings and Tuner to LP Farm, Bella has provided efficient auto-compounding yield aggregation and advanced quantitative analysis tools for liquidity providers on decentralized exchanges (DEXs) such as Curve and Uniswap. However, as the market rapidly evolves, Bella recognized that traditional tools alone could no longer meet users’ demands for efficient, intelligent trading.</p> <p>Thus, Bella embarked on a new journey integrating AI technology to create a smart, automated crypto asset management platform. By leveraging advanced AI, Bella aims to lower the entry barrier, allowing every investor to easily participate in the DeFi market and enjoy the benefits of intelligent trading.</p> <h2 class="wp-block-heading">Collaboration with Top Investors and Strategic Partners</h2> <p>With support from leading investors like Binance Labs, Arrington Capital, and DWF Labs, Bella is accelerating product innovation and market expansion. These partnerships not only provide financial backing but also bring deep industry insights and resource integration, enabling Bella to maintain a competitive edge in a fierce market.</p> <p>Earlier this year, Bella Protocol established a significant partnership with Phoenix, utilizing Phoenix’s AI computing layers—SkyNet, AlphaNet, and Hypermatrix—to develop tailored AI-driven DeFi functionalities. This collaboration has transformed Bella’s product suite, enhancing user value. Leveraging Phoenix’s robust decentralized AI infrastructure, Bella successfully completed the first phase of its AI transformation in just a few months, launching the Bella Signal Bot.</p> <p>Upcoming innovations include the Bella LLM Research Bot, based on PhoenixLLM’s specialized knowledge embedding and customized infrastructure. Phoenix’s transformative AI infrastructure provides substantial value to Bella’s AI ecosystem partners, setting a precedent in the Web3 industry. The integration of these technologies significantly boosts Bella’s product capabilities, making its AI tools stand out in the market.</p> <h2 class="wp-block-heading">Bella Signal Bot: Your AI Trading Partner</h2> <p>As part of this AI transformation, Bella introduced its flagship product, the Bella Signal Bot. This intelligent trading assistant combines AI technology with trading strategies, designed for investors seeking efficient and precise trading experiences. It integrates five AI models to generate accurate trading signals and features risk management, personalized strategy configuration, real-time communication, and continuous learning capabilities. The goal is to provide users with real-time, precise trading signals, enabling them to navigate complex markets effectively.</p> <h3 class="wp-block-heading">Core Features of the Bot:</h3> <ol class="wp-block-list"><li><strong>Intelligent Signal Generation</strong><br>The Bella Signal Bot relies on five AI models—KnightML, ViperAI, AI Directional Risk, AI MeanRev, and OptimaShort—to extract key information from vast market data and generate real-time trading signals. These signals help users identify bullish and bearish opportunities, facilitating more accurate trading decisions. Each model has its strengths; for instance, KnightML excels in capturing short-term market fluctuations, while ViperAI performs exceptionally well in recognizing long-term trends. By combining outputs from these models, the Bot provides multi-dimensional trading reference factors, helping users find optimal investment timings. Compared to traditional DeFi tools, these AI-generated signals are not only faster but also more accurate.</li> <li><strong>Risk Management</strong><br>Effective risk management is crucial for trading success. The Bot employs machine learning to predict market risks and offers an automatic stop-loss mechanism. This feature helps users protect their assets from significant fluctuations during adverse market movements. With intelligent risk management, users can flexibly adjust trading frequency and exposure according to their risk preferences, ensuring asset safety and steady growth.</li> <li><strong>Personalized Strategies</strong><br>To cater to diverse investor risk profiles and trading styles, each AI model within the Bot has unique trading frequency and exposure settings. For instance, the KnightML model is known for its flexible configuration, allowing users to tailor trading frequency and risk exposure to meet their individual needs. This high degree of customization enhances the Bot’s ability to adapt to different investor requirements, improving trading efficiency and returns.</li> <li><strong>Enhanced User Experience</strong><br>To improve user experience, Bella uses Telegram as the real-time communication platform for delivering trading signals instantly. This ensures users can respond swiftly to market changes. This communication method not only boosts the efficiency of information acquisition but also enhances the interaction between users and the Bot, making the trading process smoother and more convenient.</li> <li><strong>Continuous Learning Mechanism</strong><br>The Bot incorporates a continuous learning mechanism that enables it to absorb new market data and trading experiences, optimizing prediction models and risk management. This self-evolving capability ensures the Bot remains at the forefront of the industry, providing users with more accurate and reliable trading signals. Through continuous learning, the Bot can adapt to market changes, delivering greater value to users.</li></ol> <p>With features like intelligent signal generation, risk management, personalized strategies, enhanced user experience, and a continuous learning mechanism, Bella Signal Bot stands as an ideal choice for investors seeking an efficient trading experience. This AI-powered product innovation simplifies crypto asset management processes and helps both seasoned professionals and new investors find suitable trading opportunities in varying market conditions.</p> <p>This innovation has garnered recognition from experienced practitioners and institutional investors in the DeFi space, who believe that AI signal generation tools have the potential to significantly enhance market liquidity and trading efficiency, bringing new growth points to the DeFi sector.</p> <h2 class="wp-block-heading">“Ease of Use” as a Key Differentiator</h2> <p>Nansen, a well-known on-chain data analytics platform, focuses on analyzing market trends, asset liquidity, and trading behavior. While its data coverage is extensive and updates rapidly, it still requires users to possess certain expertise and analytical skills to translate that data into specific trading signals and personalized strategies. Additionally, Nansen’s user interface can be complex for non-experts, making effective trading decisions more challenging.</p> <p>In contrast, Bella Signal Bot combines five AI models with market trends and historical data for in-depth analysis. This approach not only enhances the accuracy of market signals but also offers users more flexible trading strategy options. Furthermore, Bella has access to a vast dataset and advanced data processing technology, enabling it to provide comprehensive insights into trading behaviors and market dynamics through in-depth analysis. By employing machine learning algorithms and big data analytics, the platform can forecast market trends and identify potential trading opportunities and risk points in advance.</p> <p>Imagine this: when market fluctuations occur, the Bella Signal Bot will promptly issue trading signals, helping you seize profit opportunities. You no longer need to constantly monitor the market or worry about missing critical information. With Bella Signal Bot, trading becomes remarkably easy and efficient.</p> <p>As the competitive landscape combining DeFi and AI intensifies, more projects are entering the field, striving to capture market share through technological innovation and user experience enhancement. However, due to high technical barriers and complex market demands, only a few products stand out. Despite the fierce competition, the demand for AI tools like Bella remains strong.</p> <p>As investors deepen their understanding of the DeFi market and increase their expectations regarding trading efficiency and risk management, there is a growing need for a smart trading assistant capable of providing precise trading signals, personalized strategies, and risk management functionalities. Therefore, AI tools with these capabilities, like Bella, have a broad development outlook in the market.</p> <h2 class="wp-block-heading">Future Development Path: Infinite Possibilities of AI Empowering DeFi</h2> <p>Bella’s AI transformation is not limited to its current Signal Bot product; it plans to roll out more AI tools to expand its functionalities further. The upcoming LLM Research Bot represents a significant milestone in this roadmap. Utilizing large language model (LLM) technology, it will analyze vast amounts of market data and generate detailed market research reports for users. These reports will not only cover current market dynamics but also identify potential investment opportunities and market risks. Key features of the LLM Research Bot include:</p> <ol class="wp-block-list"><li><strong>Research Report Generation</strong>: The Bot will automatically generate comprehensive research reports using machine learning and natural language processing, covering market trends, investment strategies, and potential risks. Unlike other tools, this report will provide both quantitative analysis and easily understandable qualitative insights, offering investors a more holistic understanding of the market.</li> <li><strong>Data Insights</strong>: Leveraging its data processing and analysis capabilities, the Bot will provide real-time market insights. Users can quickly grasp market changes through these insights, capturing potential trading opportunities and gaining an advantage in the rapidly shifting crypto market.</li> <li><strong>Customized Asset Analysis</strong>: The Bot will offer tailored asset management recommendations based on individual user preferences and investment styles. It can analyze users’ portfolios in depth and suggest targeted optimization strategies to help achieve both risk control and maximum returns.</li> <li><strong>Interactive User Experience</strong>: With an interactive user interface, users can engage in natural language conversations with the tool, asking questions about market trends, trading strategies, and risk assessments. This intuitive interaction allows users to better understand complex market information and customize trading strategies based on their needs.</li></ol> <p>Bella’s future product roadmap indicates a commitment to integrating AI-driven innovations not only within DeFi tools but also across more application scenarios, including portfolio optimization and automated risk management. The continuous launch of these tools is expected to solidify its leadership position in the AI-driven DeFi market.</p> <h2 class="wp-block-heading">Conclusion</h2> <p>By incorporating AI technology, Bella has successfully carved out a new development path in the competitive DeFi market. The launch of the Bella Signal Bot has simplified the complex processes of crypto asset management while providing users with more precise and intelligent trading tools through AI. As more AI tools are introduced, Bella’s market position is poised for further enhancement, bringing innovative solutions to the DeFi landscape.</p> <p>With strong support from investors and strategic partnerships, Bella is leading a revolution in DeFi in the age of AI. Moving forward, continuous innovation and expanding its user base will be crucial for Bella to maintain its competitive edge. We look forward to seeing Bella Protocol achieve even more remarkable accomplishments on the path of integrating AI with DeFi.</p><p>The post <a href="https://coindarwin.com/information/sponsored/bella-protocol-the-new-defi-experience-in-the-age-of-ai/">Bella Protocol: The New DeFi Experience in the Age of AI</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">384659</post-id> </item> <item> <title>From Versions to Impact: How UNI Shaped Blockchain</title> <link>https://coindarwin.com/reviews/decentralized-exchange/from-versions-to-impact-how-uni-shaped-blockchain/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Fri, 18 Oct 2024 03:32:44 +0000</pubDate> <category><![CDATA[Decentralized Exchange]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=384046</guid> <description><![CDATA[<p>From V1 to V4, from UNI X to UNIChain, how far is UNI from the ultimate answer to DEX?</p><p>The post <a href="https://coindarwin.com/reviews/decentralized-exchange/from-versions-to-impact-how-uni-shaped-blockchain/">From Versions to Impact: How UNI Shaped Blockchain</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="715" height="434" src="https://coindarwin.com/wp-content/uploads/2024/10/uniswap_overview-coindarwin.webp" alt="How UNI Shaped Blockchain" class="wp-image-384155" srcset="https://coindarwin.com/wp-content/uploads/2024/10/uniswap_overview-coindarwin.webp 715w, https://coindarwin.com/wp-content/uploads/2024/10/uniswap_overview-coindarwin-300x182.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/uniswap_overview-coindarwin-150x91.webp 150w" sizes="(max-width: 715px) 100vw, 715px" /></figure></div> <p>In the realm of Web3, three pivotal moments stand out: the inception of Bitcoin that introduced decentralized blockchain systems, Ethereum’s smart contracts that expanded blockchain’s potential beyond payments, and UNI’s democratization of financial privileges, heralding the golden age of blockchain.</p> <p>As we explore the evolution from UNI V1 to V4, and the introduction of UNIChain, we ask: how far is UNI from being the ultimate solution for DEXs?</p> <h2 class="wp-block-heading">UNI V1: Prelude to the Golden Age</h2> <p>Before UNI, decentralized exchanges (DEXs) existed, but none truly defined the genre until UNI emerged. Many attribute UNI’s success to its simplicity, security, and privacy. However, its uniqueness lies not just in these attributes but in its embodiment of the DeFi ethos. Unlike Bancor, an early contender, UNI was the first DEX to meet the defining characteristics of decentralized finance. While Bancor offered AMM functionalities, it remained tethered to centralized control, requiring permission for token listings and imposing fees.</p> <p>Early versions of UNI had their shortcomings: high volatility, gas costs, and lack of sophisticated features made it less user-friendly. Yet, it marked a historic shift—democratizing finance by removing listing barriers and enabling community-driven liquidity sources. This laid the groundwork for the widespread popularity of meme tokens and allowed projects without elite backing to thrive.</p> <h2 class="wp-block-heading">UNI V2: The DeFi Summer</h2> <p>Launched in May 2020, UNI V2 focused on addressing the limitations of its predecessor, particularly around price manipulation and token swaps. By implementing block-end price determination and time-weighted average pricing (TWAP), UNI significantly enhanced its resilience against attacks.</p> <p>The rise of yield farming, ignited by Compound Finance’s COMP token launch in June 2020, created a rush of liquidity into the DeFi ecosystem. UNI V2 became the go-to platform for liquidity miners, reaching a peak Total Value Locked (TVL) of over $10 billion by April 2021. This period solidified DeFi’s reputation, pushing blockchain into the mainstream.</p> <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="502" src="https://coindarwin.com/wp-content/uploads/2024/10/uniswap_v2_tvl-coindarwin-1024x502.webp" alt="" class="wp-image-384173" srcset="https://coindarwin.com/wp-content/uploads/2024/10/uniswap_v2_tvl-coindarwin-1024x502.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/uniswap_v2_tvl-coindarwin-300x147.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/uniswap_v2_tvl-coindarwin-768x376.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/uniswap_v2_tvl-coindarwin-150x74.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/uniswap_v2_tvl-coindarwin.webp 1212w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <h2 class="wp-block-heading">UNI V3: The Struggle Against CEXs</h2> <p>By V2, UNI had set the standard for AMM DEXs, but it faced new challenges from centralized exchanges (CEXs). While AMMs offered a user-friendly experience, their capital efficiency was low, exposing users to impermanent loss risks.</p> <p>V3 introduced concentrated liquidity, allowing liquidity providers (LPs) to allocate their funds within specific price ranges, thus optimizing liquidity use. However, most LPs flocked to high-volatility ranges, leading to uneven liquidity distribution. Despite some improvements, UNI struggled against competing models like Trader Joe and Curve, which offered more effective liquidity solutions.</p> <h2 class="wp-block-heading">UNI V4: A New Chapter</h2> <p>Two years after <a href="https://coindarwin.com/reviews/decentralized-exchange/a-closer-look-at-uniswap-v3-new-features-enhanced-efficiency/" target="_blank" rel="noopener" title="A Closer Look at Uniswap V3: New Features, Enhanced Efficiency">V3</a>, UNI V4 emerged, prioritizing customization and efficiency. Its introduction of Hooks—smart contracts allowing developers to insert custom logic at various points in the liquidity pool lifecycle—represented a significant evolution.</p> <p>This version replaced the Factory-Pool architecture with a Singleton structure, reducing gas costs significantly. Although it positioned UNI favorably against its competitors, the increased complexity also risked market fragmentation and security vulnerabilities.</p> <h2 class="wp-block-heading">UNIChain: A New Direction</h2> <p><a href="https://www.unichain.org/" target="_blank" rel="noopener nofollow" title="UNIChain">UNIChain</a>, a recent major update, symbolizes a potential future where DEXs evolve into full-fledged public chains. Built on <a href="https://coindarwin.com/news/optimisms-fault-proof-system-officially-launches-on-mainnet/" target="_blank" rel="noopener" title="Optimism’s “Fault Proof” System Officially Launches on Mainnet">Optimism’s OP Stack</a>, UNIChain aims to enhance transaction speed and security while benefiting UNI token holders. Key innovations include:</p> <ul class="wp-block-list"><li><strong>Verifiable Block Construction</strong>: Utilizing Rollup-Boost technology for faster, secure block building while minimizing MEV risks.</li> <li><strong>UNIchain Verification Network (UVN)</strong>: Incentivizing validators through UNI token staking, promoting decentralization and security.</li> <li><strong>Intent-Driven Interaction Model (ERC-7683)</strong>: Simplifying user experience and streamlining cross-chain transactions.</li></ul> <p>In essence, UNIChain could reinforce the power of the OP Alliance while posing short-term challenges for Ethereum’s ecosystem.</p> <h2 class="wp-block-heading">Conclusion</h2> <p>As DeFi applications grow increasingly sophisticated, many DEXs are gravitating toward order book models, questioning the long-term viability of AMMs. While some view AMMs as a relic of a bygone era, they remain a vital part of Web3’s identity. UNI’s evolution reflects both progress and challenges, with questions about centralization and governance emerging as it matures.</p> <p>The path ahead requires careful consideration of how to coexist with rapidly growing entities in the Web3 landscape. Ultimately, UNI’s journey will shape the future of decentralized finance and its enduring legacy in blockchain.</p><p>The post <a href="https://coindarwin.com/reviews/decentralized-exchange/from-versions-to-impact-how-uni-shaped-blockchain/">From Versions to Impact: How UNI Shaped Blockchain</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">384046</post-id> </item> <item> <title>From Cure to Poison: Why Permit Has Become a Source of Risk</title> <link>https://coindarwin.com/information/press-release/from-cure-to-poison-why-permit-has-become-a-source-of-risk/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Thu, 17 Oct 2024 18:13:04 +0000</pubDate> <category><![CDATA[Press Release]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=382998</guid> <description><![CDATA[<p>We can't deny the value that Permit brings, but the increasing number of thefts lately also suggests that it seems to bring more harm.</p><p>The post <a href="https://coindarwin.com/information/press-release/from-cure-to-poison-why-permit-has-become-a-source-of-risk/">From Cure to Poison: Why Permit Has Become a Source of Risk</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<h2 class="wp-block-heading">1. What is Permit?</h2> <p>Let’s start with a little story about borrowing money:</p> <p>Imagine I want to borrow 1 million from my friend, Jack Ma. Without hesitation, Jack picks up the phone and calls the bank, confirming his identity and instructing them to authorize a withdrawal limit of 1 million for me. The bank records this authorization, and all I need to do is visit the bank, identify myself, and withdraw the authorized amount. If the bank can’t find the authorization, my request is denied.</p> <p>Now, let’s explore how this process changes with a different method—Permit. In this scenario, when I ask Jack for 1 million, he casually pulls out a check, fills in the amount, signs it, and hands it to me. I take the check to the bank, and even without an authorization record, the bank cashes it based on Jack’s signature.</p> <p>This illustrates the difference between Approve and Permit. Approve, an essential feature of ERC-20, has been widely used since Ethereum launched. But why was Permit introduced later through ERC-2612 to achieve the same effect?</p> <h2 class="wp-block-heading">2. Why was Permit Needed?</h2> <p>The <a href="https://eips.ethereum.org/EIPS/eip-2612" target="_blank" rel="noopener nofollow" title="ERC-2612">ERC-2612</a> proposal was introduced in March 2019 and finalized in October 2022. Its development coincided with several spikes in Ethereum’s gas prices. The market’s frenzy during bull runs led users to spend more on gas fees for faster transactions, where even a one-block advantage could mean substantial profit.</p> <p>However, this phenomenon created a burden for users, as the two-transaction process required for Approve became costly, especially for those with smaller funds. The introduction of Permit allowed for offline signing, eliminating the need for immediate on-chain authorization. This change meant that the authorization could be provided alongside the token transfer, akin to cashing a check without requiring prior bank approval.</p> <p>While this seemed beneficial—saving Jack a phone call and reducing user transaction fees—it inadvertently opened Pandora’s box.</p> <h2 class="wp-block-heading">3. The Rapid Rise of Risks</h2> <p>Before Permit, hackers often relied on phishing methods that required users to sign Approve transactions, which incurred gas fees and raised red flags. Even if users accidentally clicked, the time delay for on-chain transactions allowed them to reverse the action with a new transaction.</p> <p>Permit, however, changed the game. It eliminates gas fees, requiring only a signature, which lowers user vigilance. Since the signing is offline, hackers can take control and exploit the situation whenever they choose, maximizing their gains.</p> <p>The impact of this shift is evident in the rising number of phishing victims and the amounts stolen. According to @ScamSniffer:</p> <ul class="wp-block-list"><li>In 2023, phishing losses reached $295 million.</li> <li>By mid-2024, that figure had already surpassed $314 million.</li> <li>In Q3 2024, a significant incident involved a wallet falling victim to a Permit phishing attack, resulting in a loss of 12,000 $spWETH, valued at approximately $30 million.</li></ul> <p>Such outcomes were likely unforeseen by the developers who proposed Permit, initially aimed at reducing gas costs and enhancing user experience. What was intended to be a double-edged sword turned out to be a sharp knife, slicing through the protective barriers around users’ assets.</p> <p>Similar offline signing methods have emerged, such as Permit2 from <a href="https://coindarwin.com/information/press-release/what-is-uniswaps-newly-released-unichain/" target="_blank" rel="noopener" title="What is Uniswap’s Newly Released Unichain?">Uniswap</a>, which increases dependency on offline signing and amplifies phishing risks.</p> <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://coindarwin.com/wp-content/uploads/2024/10/What_is_Permit-coindarwin-1024x576.webp" alt="What is Permit?" class="wp-image-383108" srcset="https://coindarwin.com/wp-content/uploads/2024/10/What_is_Permit-coindarwin-1024x576.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/What_is_Permit-coindarwin-300x169.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/What_is_Permit-coindarwin-768x432.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/What_is_Permit-coindarwin-390x220.webp 390w, https://coindarwin.com/wp-content/uploads/2024/10/What_is_Permit-coindarwin-150x84.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/What_is_Permit-coindarwin.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <h2 class="wp-block-heading">4. How to Protect Yourself</h2> <p>Facing this looming threat, users can take several precautions to mitigate losses:</p> <h3 class="wp-block-heading">1. Increase Awareness</h3> <ul class="wp-block-list"><li><strong>Stay Cautious of Airdrop Temptations</strong>: Airdrops can be enticing, but many are phishing attempts. Always verify the legitimacy of an airdrop through multiple sources before participating.</li> <li><strong>Avoid Blind Signing</strong>: If you inadvertently enter a phishing site and a transaction window appears, scrutinize the transaction details. Terms like Permit, Permit2, Approve, or IncreaseAllowance indicate potential authorization issues, warranting caution. Hardware wallets like Keystone can help by parsing and displaying transaction details, preventing impulsive actions.</li></ul> <h3 class="wp-block-heading">2. Utilize Tools</h3> <ul class="wp-block-list"><li><strong>ScamSniffer</strong>: This browser extension alerts users before entering suspicious URLs, allowing them to halt interactions promptly.</li> <li><strong>Revoke</strong>: <a href="https://revoke.cash/" target="_blank" rel="noopener nofollow" title="Revoke.cash">Revoke.cash</a> displays token authorization records in your wallet, advising users to revoke any suspicious or unlimited authorizations. Regularly cleaning up authorizations minimizes risks.</li></ul> <h3 class="wp-block-heading">3. Asset Isolation and Multi-Signature Wallets</h3> <p>The adage “don’t put all your eggs in one basket” applies to crypto assets as well. Store significant assets in cold wallets like Keystone, using small hot wallets for daily transactions. This way, even if one wallet is compromised, not all assets are at risk.</p> <p>For added security, multi-signature wallets can provide further protection. Assets can only be accessed with a predetermined number of wallet approvals, ensuring that a single compromised wallet won’t lead to total loss.</p> <h2 class="wp-block-heading">5. Conclusion</h2> <p>While we cannot deny the value that Permit brings, the increasing number of thefts suggests its risks may outweigh its benefits. Similar to the once-prevalent ethsign method, which was eventually abandoned due to security concerns, Permit now faces a critical moment. Developers must thoughtfully consider whether to enhance or abandon this method moving forward.</p><p>The post <a href="https://coindarwin.com/information/press-release/from-cure-to-poison-why-permit-has-become-a-source-of-risk/">From Cure to Poison: Why Permit Has Become a Source of Risk</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">382998</post-id> </item> <item> <title>Vitalik Buterin: The Future of Ethereum and the Path to Over 100k TPS with L2 Solutions</title> <link>https://coindarwin.com/news/vitalik-buterin-the-future-of-ethereum-and-the-path-to-over-100k-tps-with-l2-solutions/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Thu, 17 Oct 2024 17:17:41 +0000</pubDate> <category><![CDATA[News]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=382932</guid> <description><![CDATA[<p>On October 17, at the 10th Global Blockchain Summit hosted by Wanxiang Blockchain Lab, Ethereum co-founder Vitalik Buterin reflected on Ethereum’s journey and outlined ambitious future goals.</p><p>The post <a href="https://coindarwin.com/news/vitalik-buterin-the-future-of-ethereum-and-the-path-to-over-100k-tps-with-l2-solutions/">Vitalik Buterin: The Future of Ethereum and the Path to Over 100k TPS with L2 Solutions</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<p>On October 17, at the 10th Global Blockchain Summit hosted by Wanxiang Blockchain Lab, Ethereum co-founder Vitalik Buterin reflected on Ethereum’s journey and outlined ambitious future goals. He asserted that Ethereum, through Layer 2 (L2) solutions, could achieve over 100,000 transactions per second (TPS) and enable seamless transfers between Ethereum and other chains within two seconds, all while providing a unified user experience.</p> <p>Additionally, he emphasized the growing importance of security links over the Ethereum Virtual Machine (EVM) in the expansion of Ethereum’s infrastructure.</p> <figure class="wp-block-image size-full"><img loading="lazy" decoding="async" width="1000" height="666" src="https://coindarwin.com/wp-content/uploads/2024/10/vitalik_buterin-coindarwin.webp" alt="" class="wp-image-382947" srcset="https://coindarwin.com/wp-content/uploads/2024/10/vitalik_buterin-coindarwin.webp 1000w, https://coindarwin.com/wp-content/uploads/2024/10/vitalik_buterin-coindarwin-300x200.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/vitalik_buterin-coindarwin-768x511.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/vitalik_buterin-coindarwin-150x100.webp 150w" sizes="(max-width: 1000px) 100vw, 1000px" /></figure> <h2 class="wp-block-heading">Key Highlights from Buterin’s Speech:</h2> <h3 class="wp-block-heading">The Journey of Ethereum</h3> <p>Vitalik began by tracing the history of the Ethereum project, which started in November 2013, with the Ethereum Foundation founded in 2014 and the network launching in July 2015. Over the past decade, the primary focus has been on refining Ethereum’s technology.</p> <p>Despite discussions remaining consistent over the years—covering scalability, privacy, and security—significant progress has been made.</p> <h3 class="wp-block-heading">Transaction Costs and Layer 2 Solutions</h3> <p>Buterin discussed the evolution of transaction fees on <a href="https://coindarwin.com/academy/beginner-guide/ethereum-vs-solana-everything-you-need-to-know/" target="_blank" rel="noopener" title="Ethereum vs. Solana: Everything You Need to Know">Ethereum</a>, highlighting the high costs before L2 solutions were implemented. In 2020 and 2021, transaction fees on Layer 1 could reach as high as $800. However, with the introduction of L2 solutions, fees have dramatically decreased.</p> <p>He introduced the concept of <a href="https://github.com/ethereum/EIPs/blob/master/EIPS/eip-4844.md" target="_blank" rel="noopener nofollow" title="EIP-4844">EIP-4844</a>, which aims to increase data capacity on L2, allowing transaction fees to drop from $0.2 to $0.01. This shift makes transactions significantly more accessible for users and developers.</p> <h3 class="wp-block-heading">Transaction Confirmation Speed</h3> <p>Another critical improvement has been the speed of transaction confirmations. While Bitcoin’s average block time is around 10 minutes, Ethereum’s time has varied over the years. Improvements made with the EIP-1559 protocol have led to much quicker confirmation times, often allowing users to see their transactions confirmed almost instantly.</p> <h3 class="wp-block-heading">Enhanced User Experience</h3> <p>Buterin illustrated the contrast in user interfaces from 2015 to now. He pointed out that many users in countries like Argentina and Turkey are engaging with digital currencies but not fully utilizing blockchain technology.</p> <p>Centralized services offer faster and free transactions, leading to a need for Ethereum to improve user interfaces and experiences to attract these users into the decentralized space.</p> <h3 class="wp-block-heading">Technological Advancements in Wallets and ZK Proofs</h3> <p>The advancements in smart accounts and account abstraction have also been significant. The development of zero-knowledge (<a href="https://coindarwin.com/academy/beginner-guide/what-is-zk-rollup-everything-you-need-to-know/" target="_blank" rel="noopener" title="What is ZK Rollup? Everything You Need to Know">ZK</a>) proofs has improved transaction speeds and capabilities, making functionalities like identity verification more accessible. Wallet user experiences have seen tremendous enhancements, making Ethereum more user-friendly.</p> <h2 class="wp-block-heading">Future Goals for Ethereum</h2> <p>Buterin outlined several key objectives for the future of Ethereum:</p> <ol class="wp-block-list"><li><strong>Achieving Over 100k TPS with L2</strong>: Utilizing innovative approaches to reach this milestone.</li> <li><strong>Seamless Transfers</strong>: Enabling transfers between any Ethereum-based chain and others within two seconds.</li> <li><strong>Unified User Experience</strong>: Simplifying interactions across the Ethereum ecosystem.</li> <li><strong>Security Links</strong>: Prioritizing security links over the EVM, ensuring that chains are protected by Ethereum’s security framework.</li></ol> <p>With these advancements and ongoing innovations, Buterin encouraged developers to revisit past ideas that may not have succeeded, as current technology could offer new chances for success. The future looks promising for Ethereum, with significant potential to reshape the blockchain landscape.</p><p>The post <a href="https://coindarwin.com/news/vitalik-buterin-the-future-of-ethereum-and-the-path-to-over-100k-tps-with-l2-solutions/">Vitalik Buterin: The Future of Ethereum and the Path to Over 100k TPS with L2 Solutions</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">382932</post-id> </item> <item> <title>Ten Common Issues with Crypto VCs Revealed by Ether.Fi Founder</title> <link>https://coindarwin.com/news/ten-common-issues-with-crypto-vcs-revealed-by-ether-fi-founder/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Wed, 16 Oct 2024 13:05:35 +0000</pubDate> <category><![CDATA[News]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=379760</guid> <description><![CDATA[<p>Mike Silagadze, the founder of Ether.Fi, shared insights on social media regarding the bizarre behaviors encountered with crypto venture capitalists (VCs)</p><p>The post <a href="https://coindarwin.com/news/ten-common-issues-with-crypto-vcs-revealed-by-ether-fi-founder/">Ten Common Issues with Crypto VCs Revealed by Ether.Fi Founder</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://coindarwin.com/wp-content/uploads/2024/10/Mike_Silagadze-coindarwin-1024x576.webp" alt="Mike Silagadze" class="wp-image-379761" srcset="https://coindarwin.com/wp-content/uploads/2024/10/Mike_Silagadze-coindarwin-1024x576.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/Mike_Silagadze-coindarwin-300x169.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/Mike_Silagadze-coindarwin-768x432.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/Mike_Silagadze-coindarwin-390x220.webp 390w, https://coindarwin.com/wp-content/uploads/2024/10/Mike_Silagadze-coindarwin-150x84.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/Mike_Silagadze-coindarwin.webp 1200w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <p>Today, <a href="https://ky.linkedin.com/in/ethermike" target="_blank" rel="noopener nofollow" title="Mike Silagadze">Mike Silagadze</a>, the founder of Ether.Fi, shared insights on social media regarding the bizarre behaviors encountered with crypto venture capitalists (VCs) during seed and Series A funding rounds. Here’s a summary of his observations:</p> <h2 class="wp-block-heading">1. Repetitive First Meetings</h2> <p>You meet with a partner or assistant, and the meeting goes well, only to have them set up another meeting with a different partner who knows nothing about you or your project. If this happens three times or more, it becomes even more frustrating.</p> <h2 class="wp-block-heading">2. Sudden Change of Plans</h2> <p>A partner reaches out to you, eager to meet about your fundraising, but on the meeting day, they send a colleague instead. If this occurs multiple times during your fundraising journey, it adds to the confusion.</p> <h2 class="wp-block-heading">3. Anonymous Encounters</h2> <p>After being introduced to a VC who seems interested, you schedule a meeting, only to find that they remain anonymous on the video call, even using a generic profile picture. It’s peculiar how some prefer anonymity while wanting to be listed as investors.</p> <h2 class="wp-block-heading">4. Vanishing Act</h2> <p>After several meetings where the VC asks for more data and updates, suddenly, they go silent. It’s perplexing and leaves you wondering what went wrong.</p> <h2 class="wp-block-heading">5. The “Options” Game</h2> <p>You spend two weeks engaging with a firm, answering questions and providing due diligence materials. Then, after a period of silence, they reappear asking about your fundraising progress. This cycle repeats, leaving you questioning whether they are genuinely interested or just keeping their options open.</p> <h2 class="wp-block-heading">6. Self-Promotion</h2> <p>In a 30-minute call with a partner, 25 minutes are spent listening to them talk about their achievements, leaving little room for your project discussion.</p> <h2 class="wp-block-heading">7. Being Used</h2> <p>A firm agrees to meet, discussing your strategy in detail, only to later announce an investment in a competitor. It feels like you’ve been used to tailor their approach.</p> <h2 class="wp-block-heading">8. Aggressive Behavior</h2> <p>Within 30 seconds of a meeting, you suspect the VC may be on stimulants, as they become increasingly aggressive and challenge every point you make, yet end the meeting asking how they can help.</p> <h2 class="wp-block-heading">9. Off-Topic Discussions</h2> <p>A partner seems entirely unaware of your project and spends the meeting trying to persuade you to build a completely different business. If they succeed, it adds another layer of frustration.</p> <h2 class="wp-block-heading">10. Pseudo-Wisdom</h2> <p>You find yourself speaking with a 22-year-old assistant whose only experience is a brief internship at Goldman Sachs and gambling on meme coins. They confidently dispense advice, despite their lack of real-world experience.</p> <p>These insights shed light on the often perplexing dynamics between startups and venture capitalists in the crypto space.</p><p>The post <a href="https://coindarwin.com/news/ten-common-issues-with-crypto-vcs-revealed-by-ether-fi-founder/">Ten Common Issues with Crypto VCs Revealed by Ether.Fi Founder</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">379760</post-id> </item> <item> <title>Orderly Network: The Dream and Reality of Cross-Chain Derivative Liquidity</title> <link>https://coindarwin.com/information/press-release/orderly-network-the-dream-and-reality-of-cross-chain-derivative-liquidity/</link> <dc:creator><![CDATA[cd]]></dc:creator> <pubDate>Wed, 16 Oct 2024 09:17:59 +0000</pubDate> <category><![CDATA[Press Release]]></category> <guid isPermaLink="false">https://coindarwin.com/?p=378678</guid> <description><![CDATA[<p>Orderly Network proposes a "Cross-Chain Liquidity Layer" aimed at reversing the trend of isolation among L1/L2 networks.</p><p>The post <a href="https://coindarwin.com/information/press-release/orderly-network-the-dream-and-reality-of-cross-chain-derivative-liquidity/">Orderly Network: The Dream and Reality of Cross-Chain Derivative Liquidity</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></description> <content:encoded><![CDATA[<p>In the vision laid out by various PerpDEX projects, the market is a trillion-dollar industry. However, in the harsh reality of the current market, PerpDEX remains a niche segment within <a href="https://coindarwin.com/academy/investor-guide/what-is-defi-the-latest-premier-guide-2024/" target="_blank" rel="noopener" title="What is Defi? The Latest Premier Guide 2024">DeFi</a>. Despite several iterations—from AppChain CLOBs to generalized L2 AMMs and modular CLOBs—PerpDEX has yet to break through in the same way that spot DEXs have challenged centralized exchanges (CEXs). Even the most successful PerpDEXs can barely maintain their existence.</p> <h2 class="wp-block-heading">The Underlying Dilemma: Order Flow Isolation and Fragmented Liquidity</h2> <p>Before the advent of cross-chain solutions, every L1/L2 network functioned as an isolated island. Each emerging network typically integrates at least one PerpDEX, leading to the isolation of order flows and fragmented liquidity. Each network has its own order flow and liquidity pool, making it difficult to share resources.</p> <p>Moreover, a strong “Matthew Effect” means that networks with abundant order flow and liquidity attract even more of both. This causes rational traders to favor high-volume trading pairs like BTC-USD-Perp and ETH-USD-Perp, while rational investors opt to provide liquidity for these pairs.</p> <p>Free market proponents might argue that this is a natural market outcome, and thus intervention isn’t necessary. However, the combined effects of order flow isolation and fragmented liquidity result in significant issues:</p> <ul class="wp-block-list"><li><strong>Inefficient Liquidity</strong>: When liquidity is spread across multiple isolated platforms, overall capital efficiency diminishes.</li> <li><strong>Increased Trading Costs</strong>: Slippage in PerpDEX’s Altcoin-Perp pairs is often much higher than in CEX contracts, affecting user experience and deterring institutional investors.</li> <li><strong>Reduced Price Discovery Efficiency</strong>: With order flows split among various platforms, the price discovery mechanisms of PerpDEXs suffer. They often rely heavily on oracle feeds, limiting their flexibility to list new assets.</li> <li><strong>Lack of Scale Economies</strong>: Due to market fragmentation, each PerpDEX struggles to achieve true scale, leading to high operational costs that hinder competitive rates and services.</li> <li><strong>Stifled Innovation</strong>: Smaller PerpDEX projects, which could bring innovative ideas, often lack sufficient order flow and liquidity to validate their concepts, reducing the overall innovation in the sector.</li></ul> <p>These challenges prevent PerpDEXs from realizing the key characteristics that have made spot DEXs successful: the freedom to list new assets and provide liquidity.</p> <h2 class="wp-block-heading">Orderly Network: Building a Cross-Chain Liquidity Layer for PerpDEXs</h2> <p>In light of these challenges, <a href="https://orderly.network/" target="_blank" rel="noopener nofollow" title="Orderly Network">Orderly Network</a> proposes a “Cross-Chain Liquidity Layer” aimed at reversing the trend of isolation among L1/L2 networks. If successful, this initiative could lead to revolutionary changes:</p> <ul class="wp-block-list"><li><strong>Lower Trading Costs</strong>: By aggregating liquidity across networks, slippage could be significantly reduced.</li> <li><strong>Enhanced Capital Efficiency</strong>: Liquidity providers can cover more trading demand with less capital, boosting efficiency.</li> <li><strong>Improved User Experience</strong>: Traders would no longer need to switch between multiple platforms but could operate from a unified interface.</li> <li><strong>Broader Innovation Opportunities</strong>: Developers could leverage this unified liquidity layer to create more innovative financial products.</li></ul> <p>Orderly Network’s solution includes several key components:</p> <ul class="wp-block-list"><li><strong>Unified Order Book</strong>: Orders from all chains are consolidated into a central order book for optimal price discovery and matching.</li> <li><strong>Cross-Chain Settlement Layer</strong>: Built on OP Stack, Orderly Chain manages cross-chain asset settlements and ledger records.</li> <li><strong>Multi-Chain Asset Custody</strong>: Funds are securely held across different chains, ensuring asset safety and decentralization.</li> <li><strong>Developer-Friendly SDK</strong>: An easy-to-use SDK enables developers to quickly integrate into Orderly’s liquidity network.</li></ul> <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="521" src="https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_component-coindarwin-1024x521.webp" alt="" class="wp-image-379237" srcset="https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_component-coindarwin-1024x521.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_component-coindarwin-300x153.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_component-coindarwin-768x391.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_component-coindarwin-150x76.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_component-coindarwin.webp 1093w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <p>This design seeks a balance between centralized efficiency and decentralized security, achieving high-order matching efficiency while ensuring safety.</p> <h2 class="wp-block-heading">Orderly Network’s Performance and New Challenges</h2> <p>According to data from Dune, Orderly Network has shown impressive operational performance:</p> <ul class="wp-block-list"><li><strong>Substantial Market Scale</strong>: Orderly Network has achieved a remarkable cumulative trading volume of $83.7 billion.</li> <li><strong>Strong User Base</strong>: With 429,499 total accounts and 298,464 unique wallet addresses, it has built a large and diverse user community.</li> <li><strong>Notable Revenue Generation</strong>: The platform has generated a net income of $7.8 million, indicating substantial profitability.</li> <li><strong>Multi-Chain Strategy</strong>: With a total locked value (TVL) of $18.43 million across major chains like Optimism, Arbitrum, and Base, this diversification minimizes risk and expands market potential.</li> <li><strong>Active Ecosystem</strong>: Currently hosting 29 active builders and 59 Perp trading pairs, Orderly Network has fostered a thriving ecosystem attracting various developers and projects.</li></ul> <figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="576" src="https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_ecosystem_supporters-coindarwin-1024x576.webp" alt="" class="wp-image-379255" srcset="https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_ecosystem_supporters-coindarwin-1024x576.webp 1024w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_ecosystem_supporters-coindarwin-300x169.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_ecosystem_supporters-coindarwin-768x432.webp 768w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_ecosystem_supporters-coindarwin-390x220.webp 390w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_ecosystem_supporters-coindarwin-150x84.webp 150w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_ecosystem_supporters-coindarwin.webp 1280w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure> <p>However, Orderly Network now faces several new challenges:</p> <ol class="wp-block-list"><li><strong>Disruption from the Meme Coin Market</strong>: The recent meme coin surge has drawn attention away from PerpDEX trading markets, as meme coins offer lower risk and more controllable volatility.</li> <li><strong>Matthew Effect in PerpDEX Markets</strong>: Most PerpDEXs built on Orderly Network are in the market’s tail, with trading volume concentrated in a few well-known platforms.</li> <li><strong>Post-Airdrop Decline</strong>: Like other projects, Orderly Network is experiencing a decline in TVL, trading volume, and active users following its token airdrop.</li> <li><strong>User Retention Issues</strong>: User loyalty in crypto is notoriously low, posing a significant challenge for Orderly Network to retain users amidst fierce competition.</li></ol> <h2 class="wp-block-heading">Orderly Network’s Strategies for Breakthrough</h2> <p>To address these challenges, Orderly Network has implemented several strategies:</p> <ol class="wp-block-list"><li><strong>VALOR Staking Mechanism</strong>: By incentivizing users to stake native tokens ORDER and VeORDER for VALOR, Orderly Network aims to lock in liquidity and boost token market prices. Over 76 million ORDER tokens have already been staked, achieving an annual yield of up to 22%.</li> <li><strong>Strategic Funding and Partnerships</strong>: The recent $5 million investment led by OKX Ventures not only brings financial support but also opens doors for deep collaborations with industry leaders in derivatives.</li> <li><strong>Continuous Ecosystem Expansion</strong>: Orderly Network is actively seeking to expand support for more public chains, enhancing its competitive edge.</li> <li><strong>Technological Innovation</strong>: Leveraging OP Stack for Orderly Chain and incorporating Celestia’s data availability and LayerZero’s cross-chain protocol positions the platform for future scalability and efficiency improvements.</li></ol> <div class="wp-block-image"><figure class="aligncenter size-full"><img loading="lazy" decoding="async" width="740" height="416" src="https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_seed_round-coindarwin.webp" alt="" class="wp-image-379273" srcset="https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_seed_round-coindarwin.webp 740w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_seed_round-coindarwin-300x169.webp 300w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_seed_round-coindarwin-390x220.webp 390w, https://coindarwin.com/wp-content/uploads/2024/10/orderly_network_seed_round-coindarwin-150x84.webp 150w" sizes="(max-width: 740px) 100vw, 740px" /></figure></div> <h2 class="wp-block-heading">Conclusion</h2> <p>The vision of Orderly Network’s Cross-Chain Liquidity Layer is undoubtedly exciting for the market, aiming to address a core pain point in the PerpDEX landscape. However, the path from vision to reality is rarely straightforward. Whether Orderly Network can truly become a hub for cross-chain derivative liquidity remains to be seen, and it may take time to find out.</p><p>The post <a href="https://coindarwin.com/information/press-release/orderly-network-the-dream-and-reality-of-cross-chain-derivative-liquidity/">Orderly Network: The Dream and Reality of Cross-Chain Derivative Liquidity</a> first appeared on <a href="https://coindarwin.com">CoinDarwin</a>.</p>]]></content:encoded> <post-id xmlns="com-wordpress:feed-additions:1">378678</post-id> </item> </channel></rss> If you would like to create a banner that links to this page (i.e. this validation result), do the following:
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