1. “Real-time Ethereum” MegaETH Explained
MegaETH, an upcoming L2 project dubbed as “Real-time Ethereum,” boasts sub-millisecond latency and can process over 100,000 transactions per second (TPS). Recently, it announced securing a seed funding of $20 million at a valuation exceeding $100 million!
2. Insights | Monthly TVL Surpasses $1 Billion, How Does It Compare to EigenLayer’s Symbiotic?
On July 4th, the total value locked (TVL) of the re-staking project Symbiotic officially surpassed $1 billion, less than a month after its launch. Within just two days of going live, Symbiotic had already reached a TVL of $200 million. Subsequently, its staking pools repeatedly hit their limits. Following announcements of increased caps on multiple staking pools, the project’s TVL skyrocketed threefold in a single day. Symbiotic, backed by Paradigm and Lido, secured $5.8 million in its seed round. As a new contender in the re-staking sector, many in the industry see it as a rival to EigenLayer.
3. Re-Staking Wars: Do We Really Need So Many Re-Staking Players?
The re-staking battle is heating up, challenging EigenLayer’s dominant position with another protocol, Symbiotic, supported by Lido. New entrants boast competitive advantages in protocol design and business development partnerships. Before delving into the latest competitive dynamics in the re-staking sector, understanding the key risks in this area is essential.
4. CKB and RGB++’s Ambition
When the RGB++ protocol was first launched, it generated significant market enthusiasm. Many discussed the potential impact of this new technical protocol. The initial use case of “homomorphic binding” technology combining BTC and CKB networks sparked renewed interest in the CKB network, raising new expectations for its future development. However, after a period, interest seemed to wane, returning to a state of quiet.
5. What Caused Bitcoin to Drop Below $60,000?
On July 3rd, Bitcoin’s price dropped below the $60,000 mark—Mt. Gox may begin releasing $9 billion worth of BTC. Since June, Bitcoin has been on a downward trend, falling nearly 18% in the second quarter of 2024. Investors have eagerly awaited breaking the $70,000 barrier to pave the way for a historic high. However, losing support at the current $60,000 level may imply a longer price adjustment period.