Daily Report ｜Coinbase: Bitcoin halving may have a positive impact on prices, but other factors cannot be ignored; Polygon completes Napoli hard fork upgrade, introducing the RIP-7212 proposal
Slerf founder: Plans to airdrop Soul-bound NFTs to affected presale participants and refund contributors; Korean media: Do Kwon is expected to be extradited to South Korea as early as this weekend.Organizer: Luan Peng, ChainCatcher
"What important events have occurred in the past 24 hours"
1. Coinbase: Bitcoin halving may have a positive impact on prices, but other factors cannot be ignored
According to ChainCatcher and a report from CoinDesk, Coinbase stated in a research report on Wednesday that historical precedents suggest that BTC's recent strong performance will continue into the upcoming halving, as this event reduces the supply of new BTC, but investors should be cautious of this viewpoint.
Coinbase pointed out that in the six months leading up to previous halvings, BTC averaged a 61% increase, and in the six months following, it averaged a 348% increase. The report stated: "While the halving may have a positive impact on BTC's performance, historical evidence regarding this relationship remains limited, and thus there is some speculation involved."
Coinbase stated, "BTC does not operate in a vacuum," and its price is influenced by other factors, such as macroeconomic factors. Its recent rebound is more due to enthusiasm over the prospects of a spot ETF rather than optimism about the halving. (Source link)
2. Slerf founder: Plans to airdrop Soul-bound NFTs to affected presale participants and refund contributors
According to ChainCatcher, the founder of the Solana ecosystem meme project Slerf stated on the X platform that they plan to airdrop Soul-bound NFTs to the wallet addresses of affected presale participants and refund contributors. (Source link)
3. Polygon completes Napoli hard fork upgrade, introducing RIP-7212 proposal
According to ChainCatcher and official news, Polygon announced the completion of the Napoli hard fork upgrade, making Polygon PoS the first chain to activate the Rollup Improvement Proposal (RIP) using RIP-7212, providing new precompiled support for the secp256r1 curve and making progress in interoperability with mainstream technologies.
This upgrade is also consistent with Ethereum's recent Dencun hard fork improvements, enhancing block space efficiency, limiting the range of self-destruct opcodes, and reducing memory copy overhead. Developed by the RollCall Working Group, RIP-7212 promotes collaboration between L2 solutions to strengthen Ethereum's scalability and innovation efforts, enhancing user experience. (Source link)
4. Korean media: Do Kwon expected to be extradited to South Korea as early as this weekend
According to ChainCatcher, Korean media News1 reported that Terraform Labs founder Do Kwon is expected to be extradited to South Korea as early as this weekend (March 23-24). (Source link)
"What are some excellent articles worth reading in the past 24 hours"
1. “What applications on the Solana chain are worth paying attention to under the MEME craze?”
Since the MEME token BOME (Book of Meme) set a record of over $2 billion in market capitalization within three days, "issuing MEME tokens on Solana and topping up SOL to unfamiliar addresses" has become a new trend. The massive beneficial effect has caused users in the crypto community to completely FOMO, with unfamiliar addresses easily raising millions or even tens of millions of dollars in SOL within a few hours.
The wealth effect of MEME tokens has brought significant traffic and attention to Solana, attracting a wave of external applications to the Solana ecosystem.
On March 15, the NFT card game Parallel announced the launch of the AI survival simulation game Colony on Solana; on March 17, the IDO platform DAO Maker announced its expansion to the Solana network, planning to launch four Solana IDO projects; on March 18, the DeFi gamification platform DEGO Finance will go live on Solana.
According to DeFiLlama, the 24-hour trading volume on the Solana chain is approximately $2.39 billion, with captured fees of $3.94 billion, while the trading volume on the Ethereum chain during the same period was $2.86 billion; on March 19, the DEX trading volume on the Solana chain reached $3.62 billion, ranking first for four consecutive days, with the past five days exceeding $3 billion. The daily trading volume on Ethereum's DEX was $3.005 billion, ranking second.
In fact, before the MEME hype, the hotspots on the Solana chain had never ceased, from last year's DePIN craze to the MEME dog Bonk, and a series of airdrops from projects like the oracle Pyth Network, DEX platform Jupiter, and cross-chain protocol Wormhole. As community users say, the Solana chain never lacks opportunities; it is truly the "chain for the poor to get rich."
Aside from MEME tokens, what other opportunities in the Solana ecosystem are worth participating in and paying attention to? This article will outline the active representative projects on the Solana chain.
2. “Oak Grove Crypto 2024, Unlocking New Trends in Web3 Development for the Next Five Years”
Recently, global leading Web3, AI, and biotechnology early-stage investment firm Oak Grove Ventures announced that it will hold a highly anticipated industry event—Oak Grove Crypto 2024—on April 5. The event will take place on the eve of Hong Kong's Web3 Blockchain Week, aiming to gather elites in the Web3 field to discuss and envision the development trends of the industry over the next five years.
The event is expected to attract 500 to 1,000 industry elites, including innovative leaders, technical experts, and industry investors. They will engage in in-depth discussions on popular topics such as AI, DePIN, gaming, Bitcoin infrastructure, and ordinals, exploring cutting-edge technologies and development directions in the Web3 field.
Oak Grove Crypto 2024 has received strong support from several well-known companies and institutions, co-hosted by Polyhedra, Alchemy Pay, Ritual, and ChainCatcher. It is reported that Polyhedra is a ZK infrastructure company that achieves interoperability and computation through cutting-edge zero-knowledge proof systems; Alchemy Pay is a leading provider of crypto payment solutions, seamlessly connecting businesses, developers, and end-users in the global fiat and crypto economy; Ritual is the world's first community-owned AI network; ChainCatcher is a leading Web3 Chinese media outlet with over 1 million users and 1.5 billion page views.
When we talk about Ethereum, we discuss re-staking protocols, L2 scaling solutions, and occasionally think of various high-performance L1s when Ethereum's mainnet gas fees soar, but there are only a handful of public chains that have truly entered the public eye and are widely discussed. Solana is one of them, known for its thriving ecosystem, abundance of meme coins, and strong wealth effect. Cosmos is another, with its ecosystem application chains continuously growing, and the public chains built on it also experiencing wealth effects. NEAR has recently gained market attention due to its AI hotspots, NEAR DA, and chain abstraction. Upcoming public chains like Monad and Berachain have also attracted significant attention even while in the testnet phase…
In the current market, where the speed of rotation in hot sectors is extremely fast, attracting users to stay is increasingly difficult. Moreover, the TVL of the public chain TON is currently only $50 million, which seems insignificant compared to the billions or even hundreds of billions of dollars in other public chains or L2s.
However, TON is taking a different path; it does not rely on DeFi. With over 900 million monthly active users on Telegram, TON focuses more on ordinary user experience, social interactions, application tools, and gaming. For example, embedding a native wallet within Telegram allows ordinary users to smoothly enter the crypto world. Simple yet engaging mini-games, which incorporate social and NFT elements, can attract considerable participation. Especially, many small tools are highly favored by developers and users alike.
TON has a technical logic centered on high-speed applications: transactions are directly on-chain based on messages, supporting peer-to-peer interactions. TON's dynamic multi-sharding architecture also facilitates the scalability of its applications, with the initial concept aimed at serving a large number of users.
Since its inception, TON has attracted widespread attention, faced setbacks due to a lawsuit from the U.S. SEC that stalled its plans, and was eventually taken over and developed by the community, experiencing ups and downs along the way. During the subsequent bear market, it was largely ignored. However, everything began to improve last year, with the fourth-quarter report from 2023 showing that the TON developer community has grown to 13,000 people, and the monthly active users of tAPP increased by 75% month-on-month in December, reaching 12,000.
Where are the gold mining opportunities in TON? This article will provide a detailed overview of its ecosystem.
