ChainCatcher message, according to the Web3 asset data platform RootData X tracking data, in the past 7 days, the ultra-casual financial system with social network effects Hana Network has gained the most new X (Twitter) Top KOL followers. New influential figures on X who have followed this project include well-known cryptocurrency trader Ansem (@blknoiz06), cryptocurrency trader The Crypto Dog (@TheCryptoDog), and cryptocurrency KOL Sha Po Lang (@Wolfy_XBT).

ChainCatcher news, Fidelity Digital Assets pointed out in its 2025 outlook report that the Ethereum Blob fee mechanism will strengthen network effects and is expected to drive the expansion of the Layer 2 ecosystem.The report emphasizes that Ethereum prioritizes low fee strategies to retain Layer 2 projects, with more vertical Layer 2 solutions expected to emerge in 2025. Members of the Ethereum Foundation stated that near-zero fees are crucial for maintaining the Layer 2 ecosystem, and the growth in network adoption is expected to outpace the growth in token issuance.

ChainCatcher news, the Organization for Economic Co-operation and Development (OECD) report analyzes the reasons why tokenization has not become more widespread. It points out that although tokenization brings efficiency improvements, securities settlement enhancements, and innovation opportunities, it faces numerous challenges.The report mentions that the lack of a sufficient investor base is a major obstacle, leading to insufficient liquidity, which makes issuers cautious about tokenization. The issuance of sovereign bonds can help promote the development of tokenization, as seen in the case of Slovenia.At the same time, the OECD emphasizes that quasi-sovereign issuers, such as the World Bank and the European Investment Bank, are more active, but liquidity issues are often resolved through integration with traditional systems, which also undermines the potential advantages of tokenization.Another challenge is the "chicken or egg" problem of network effects; when network effects have not yet manifested, it is difficult to prove the value of investments. Additionally, many institutions face technical debt and lack the funds to upgrade to distributed ledger technology (DLT).

ChainCatcher message, Ordinals developer Leonidas posted on the X platform stating that there is the Runes token protocol created by Casey Rodarmor on Bitcoin, as well as derivatives of Casey Rodarmor's Bitcoin protocol. My intuition is that once this cycle ends, the latter will go to zero and will never recover. Ethereum does not have dozens of alternative and non-fungible token standards; it has ERC-20 and ERC-721. If you want your project to be seen by many people, you must deploy it on the standard with the strongest network effect. This is why I do not use or publish all other meta-protocols.While some of these are technically interesting, I do not believe any of them will become the de facto fungible or non-fungible token standard for Bitcoin. I could be wrong, but in other mature Web3 ecosystems, even if they make interesting technical trade-offs, there is no good precedent to prove that a raw code can have multiple popular standards. Given enough time, network effects will always drive one standard to be more successful than others.

ChainCatcher news, Scroll co-founder Ye Zhang posted on the X platform: "Anyone can build a smart contract to airdrop tokens to those who deposit stETH/wstETH; what truly sets BLAST apart is the support it has received from renowned venture capitalists and influencers."Seeing experiments like BLAST is not a bad thing; it shows how much TVL you can achieve once L2 decides to fulfill airdrop expectations. Any L2 can do exactly the same thing, but this does not provide any real help in driving genuine growth and long-term network effects."