layer1

ChainCatcher message indicates that, according to SoSoValue data, various sectors of the encrypted market are experiencing mixed gains and losses. Among them, the Meme sector rose by 1.38% in 24 hours, with Pump.fun (PUMP) and OFFICIAL TRUMP (TRUMP) increasing by 12.98% and 13.65%, respectively; the Layer1 sector increased by 1.02%, with Zcash (ZEC) continuing to rise significantly by 10.77% and Hedera (HBAR) up by 5.22%.In addition, Bitcoin (BTC) continues to pull back, down 1.60% in 24 hours, retreating to around $110,000. Ethereum (ETH) fell by 1.35%, maintaining around $3,900.In other sectors, the CeFi sector rose by 0.66%, with Binance Coin (BNB) up by 0.79%; the DeFi sector increased by 0.59%, with World Liberty Financial (WLFI) rising by 3.92%; the Layer2 sector went up by 0.52%, with Merlin Chain (MERL) increasing by 7.50%; additionally, the PayFi sector fell by 0.93%, but Litecoin (LTC) rose against the trend by 2.52%.The cryptocurrency sector indices reflecting historical market trends show that the ssiAI, ssiNFT, and ssiMeme indices rose by 2.42%, 1.77%, and 1.42%, respectively.

ChainCatcher message, according to the tracking data from the Web3 asset data platform RootData X, in the past 7 days, the Layer1 blockchain BNB Chain has been the project with the most new followers among X (Twitter) Top personalities. New influential figures on X who have followed this project include well-known cryptocurrency trader Ansem (@blknoiz06) and well-known cryptocurrency trader Hsaka (@HsakaTrades).

ChainCatcher news, according to BlockchainReporter, Move Industries announced that the Movement network will transition from a sidechain architecture to an independent Layer 1 blockchain. The company claims that this move will significantly enhance performance, support native token staking, and provide support for Move 2.As a Layer 1 blockchain, Movement will be capable of processing over 10,000 transactions per second, with transaction confirmation times of less than one second, representing a substantial improvement over the current network's limit of 500-600 TPS. The design of the Layer 1 blockchain aims to fully leverage the performance potential of the Move Virtual Machine (MoveVM) while eliminating the centralized ordering risk associated with the sidechain model.Only unlocked MOVE tokens are eligible for staking. According to this rule, locked tokens held by investors or core contributors cannot be used for staking. Move Industries stated that this helps to link staking rights with real, active holders. Movement will also become an early adopter of the Move 2 language features.Move 2 introduces foundational developer features such as enumerated types and function values, and Movement's Layer 1 blockchain will be the first to support these new features. A public testnet for developers is set to launch soon, and the organization plans to complete the mainnet migration by the end of 2025.Previously, in May, it was reported that Movement Labs restructured and rebranded as Move Industries, implementing new governance and product strategies.

ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the Layer1 blockchain BNB Chain has been the project that X (Twitter) top figures have unfollowed the most. The new influential figures on X who have unfollowed this project include well-known cryptocurrency trader Ansem(@blknoiz06), well-known cryptocurrency trader Ansem(@blknoiz06), and crypto trader James Wynn(@JamesWynnReal).In addition, the project that X top figures have unfollowed the most also includes SushiSwap.

ChainCatcher message indicates that, according to SoSoValue data, the significant unexpected impact of the U.S. July PPI has weakened the expectations for a substantial interest rate cut in September, cooling market sentiment. In the past 24 hours, the cryptocurrency market has faced a widespread setback, with an average decline of about 2% to 9%. Among them, the Meme sector dropped 8.62% in 24 hours, with Pepe (PEPE), SPX6900 (SPX), and Fartcoin (FARTCOIN) falling 10.43%, 10.97%, and 13.52% respectively. Additionally, Ethereum (ETH) fell 2.43%, briefly dropping below $4500, and has now rebounded above $4600. Bitcoin (BTC) decreased by 3.85%, falling below $119,000.In other sectors, the CeFi sector declined 1.18% in 24 hours, with LEO Token (LEO) remaining relatively strong, rising 1.57%; the Layer1 sector dropped 3.25%, with Algorand (ALGO) down 9.86%; the PayFi sector fell 6.57%, with Velo (VELO) down 10.55%; the DeFi sector decreased by 6.65%, but Saros (SAROS) and AERO (Aerodrome Finance) rose 2.19% and 2.28% respectively; the Layer2 sector dropped 6.73%, while SKALE (SKL) surged 47.98%.The cryptocurrency sector indices reflecting historical market trends show that the ssiGameFi, ssiMeme, and ssiAI indices fell by 8.57%, 8.55%, and 8.35% respectively.

ChainCatcher news, according to The Block, the Layer1 blockchain project Fogo, created by former Wall Street executives, launched its public testnet on Tuesday.The first contributors stated that the architecture is designed to replicate the execution standards of traditional finance (TradFi) in a decentralized manner, providing real-time trade execution and on-chain trading infrastructure suitable for institutional scale.

ChainCatcher news, according to Coin Track Daily, institutions such as Techcombank, Techcom Securities, Masterise Group, and One Mount Group have jointly launched the local Layer1 blockchain project 1Matrix, which has now partnered with the Vietnam Blockchain Association (VBA).It is reported that, unlike the Ronin chain developed by the gaming company Sky Mavis, 1Matrix is positioned as a multifunctional infrastructure aimed at serving the strategic needs of various industries in Vietnam. The project has received support from political figures, including Major General Dang Vu Son, the former head of the government’s Crypto Committee, and has established a strategic partnership with the Boston Consulting Group, with goals including strengthening data sovereignty and cybersecurity capabilities.

According to ChainCatcher news, the Layer1 public chain Pharos Network has officially announced the open-source release of the blockchain virtual machine DTVM, developed in collaboration with AntChain.The Pharos team is dedicated to providing high-performance, institutional-level blockchain infrastructure for on-chain transactions. DTVM (Deterministic Virtual Machine) was jointly developed by the Pharos Network team, AntChain, and the Ant Supercomputing team, and it is also the practical application of the team's core technical architecture Dual-VM (dual virtual machine system) in the Web3 public chain.The open-sourced DTVM focuses on tackling core challenges such as performance bottlenecks, determinism guarantees, and ecological compatibility within blockchain networks, aiming to provide Web3 developers with a more efficient development experience and to promote breakthroughs in high performance and multi-ecosystem compatibility.

ChainCatcher news, according to Beincrypto, Onyx has announced the launch of Goliath, a Layer 1 blockchain designed specifically for financial institutions, which will provide "transaction speeds comparable to networks like Visa." It is reported that Visa can process 24,000 transactions per second. Goliath will use a Proof of Stake (PoS) consensus mechanism to support high-speed transactions. According to the announcement, the project is built on the XCN Ledger. Onyx coin has already been used as a Layer-3 aggregation solution within the Onyx ecosystem. Goliath will operate as an independent Layer-1 blockchain but will still maintain interoperability with existing financial networks.In addition, Onyx has set key milestones for the project. The testnet will be deployed in the third quarter of 2025, while the mainnet is expected to launch in early 2026. Meanwhile, Onyx is also launching a rewards program for its Layer-3 XCN Ledger. Participants will bridge assets such as WETH, USDT, CBTC, and USDC from the underlying blockchain to Onyx and receive rewards. While Goliath will introduce a new blockchain layer, XCN will remain on Ethereum. The token will bridge to the new network to maintain compatibility with DeFi platforms.

ChainCatcher news, Layer 1 network developer Pod announced the completion of a $10 million seed round financing, led by a16z CSX and 1kx, with participation from Flashbots, Blockchain Builders Fund, and Protagonist, as well as several angel investors from Celestia, Babylon, and Axelar.It is reported that Pod plans to build a "consensus-less" Layer 1 network, with transaction speeds comparable to the response time of Google searches. Pod expects to launch a developer network in the coming weeks, with a testnet scheduled for release in the third quarter of 2025 and a mainnet planned for the first quarter of 2026.

ChainCatcher news, according to TheBlock, the SVM Layer1 blockchain project Fogo has completed a $8 million financing round, led by The Echonomist, with participation from 4 CMS Holdings, Big Brain Collective, and Patrons.It is reported that the Fogo chain is a new Layer 1 blockchain based on the Solana Virtual Machine (SVM), which completed a $5.5 million seed round financing last month, with Distributed Global leading the seed round with $5 million.

ChainCatcher news, according to Decrypt, the Bitcoin re-staking platform SatLayer announced its integration with the Layer1 blockchain Sui, which will enable developers to leverage Bitcoin's $2.1 trillion market cap to provide security for decentralized applications on Sui.SatLayer is deployed on the Babylon chain and currently has 57,300 Bitcoins worth $6 billion committed to staking. The Sui ecosystem has 150 full-time developers in 2024, and this integration will bring new development opportunities to its DeFi ecosystem.