Uniswap launches Layer 2 network Unichain, introducing TEE technology to significantly enhance speed.

Decentralized Finance行业动态

Uniswap Launches Layer 2 Network Unichain

Uniswap Labs has launched a Layer 2 network called Unichain based on the OP Stack technology from Optimism. The Unichain testnet is scheduled to go live on October 10, with the mainnet launching later this year.

Unichain has introduced a trusted execution environment ( TEE ) technology developed in collaboration with Flashbots. With TEE, the block construction time can be shortened to 200-250 milliseconds, greatly exceeding the speed of the Ethereum mainnet and other Layer 2 networks.

Uniswap launches the L2 network Unichain based on Optimism|Snap DeFi Biweekly Report October (

Scroll is listed on a trading platform

Scroll is an Ethereum Layer 2 zkRollup solution that uses zero-knowledge proof technology to enhance Ethereum's scalability. The core technological breakthrough of Scroll lies in zkEVM and hardware acceleration, collaborating with the Ethereum Foundation to adopt the Halo2 verification system, and developing the PipeZK hardware accelerator.

The functions of the Scroll token SCR include:

  1. Governance: Users holding SCR tokens can vote on the development of the Scroll protocol.
  2. Future Use: As a token for decentralized validators and sorters, used for multi-chain innovation coordination, staking, gasless transactions, and incentive mechanisms.

The total supply of SCR tokens is 1 billion, with an initial circulating supply of 190 million, which is 19% of the total supply (.

Native USDC Launches on Sui

Native USDC has now been launched on the Sui mainnet, allowing developers and users to access it directly without the need for cross-chain bridging. Circle Mint and Circle API now fully support USDC on Sui, making it easier for users to access USDC liquidity.

Sui is the first blockchain based on the Move programming language, supporting native USDC. As of October 2024, the Sui ecosystem has encompassed over 85 applications, covering fields such as Decentralized Finance, gaming, decentralized infrastructure networks, and e-commerce.

US Court Dismisses Silk Road Bitcoin Ownership Lawsuit

The Supreme Court rejected Battle Born Investments' lawsuit regarding the ownership of Silk Road bitcoins, confirming that these bitcoins still belong to the U.S. government and are not approved for sale. With the U.S. elections approaching, current officials may sell these bitcoins before the elections, but this is merely speculation.

Overview of Sui Ecosystem Decentralized Finance Projects

The strongest areas of development in the Sui ecosystem currently focus on Decentralized Finance and Meme-related projects:

Lending Agreement:

  • Navi Protocol: Highest TVL, over $350 million
  • Suilend Protocol: Developed by the Solend team on Solana
  • Scallop Protocol: TVL exceeds $150 million

DEX:

  • Cetus Protocol: highest trading volume and TVL
  • Turbos Finance: Supports a large number of meme token transactions
  • DeepBook: Adopts an efficient shared object pool structure

Other Decentralized Finance projects:

  • Bucket Protocol: Decentralized stablecoin project
  • Bluefin: Derivatives Trading Platform
  • Typus Finance: Derivatives Infrastructure

Pyth and Uniswap Collaboration

Uniswap announced that its newly developed blockchain Unichain will select Pyth Network as its real-time data service provider. Pyth Network will provide Unichain with over 500 real-time price data sources, updating every 400 milliseconds.

Aptos' trading volume reached a new high in Q2

According to the Messari report, Aptos set multiple new records in the second quarter:

  • Daily trading volume increased by 474%, reaching 4.4 million transactions.
  • DeFi TVL increased by 123% quarter-on-quarter, reaching 75 million APT.
  • DEX daily trading volume increased by 189%, reaching 30 million USD

Binance Labs Invests in Sophon

Sophon is an elastic chain based on ZKsync, built on the modular open-source framework of Matter Labs for a Layer 2 network. Sophon focuses on entertainment applications such as gaming, social networking, and artificial intelligence, with the mainnet expected to launch next month.

Decentralized Finance数据概览

TVL Data

The Sui blockchain has successfully entered the top ten in TVL rankings, demonstrating its strong growth momentum in the Decentralized Finance field.

![Uniswap launched the L2 network Unichain based on Optimism|Snap DeFi Biweekly Report October )](https://img-cdn.gateio.im/webp-social/moments-10d990d1edf4eadb085df95640efee75.webp(

Stablecoin Data

The total market capitalization of the global stablecoin market reached $172.818 billion, a slight decrease of 0.19% over the past week. The market share of USDT is 69.26%, and USDC is 20.1%.

DEX Data

The DEX trading volume has slightly decreased over the past week. Uniswap's 24-hour trading volume is $1.542 billion, with a weekly decline of 1.81%. PancakeSwap's 24-hour trading volume is $1.044 billion, with a weekly decline of 23.92%. Cetus has shown strong growth, with a weekly increase of 64.20%.

![Uniswap launches the Optimism-based L2 network Unichain|Snap DeFi Biweekly Report October )](https://img-cdn.gateio.im/webp-social/moments-0452c3188b4d2a9b2055838e2abc26d5.webp(

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PumpDoctrinevip
· 8h ago
Finally, the speedup has arrived!
View OriginalReply0
BankruptWorkervip
· 16h ago
Need to spend gas money again.
View OriginalReply0
ClassicDumpstervip
· 16h ago
Today I Rekt.
View OriginalReply0
0xDreamChaservip
· 16h ago
Mainnet so fast? Bull!
View OriginalReply0
AirdropChaservip
· 17h ago
uni has also entered the L2 game!
View OriginalReply0
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