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@0xPanda
我是Panda，持续分享币圈内容，投研分析，项目介绍，#BTC#ETH，一起共同学习
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Entering the era of artificial intelligence丨This article is a collection of AI projects and popular science!
🔔 Preface:
In today's society, artificial intelligence is no longer a fantasy in science fiction movies, but is integrated into every aspect of our lives. From voice assistants on smartphones to medical diagnosis and self-driving cars, artificial intelligence is changing our world at an astonishing speed.
The latest flagship model GPT-4o released by @OpenAI has also made great progress in technology. This momentum has not only attracted widespread attention in the encryption field, but also indicated that AI may become the next major trend in the integration of technology and finance in this dynamic and innovative field.
In today's society, artificial intelligence is no longer a fantasy in science fiction movies, but is integrated into every aspect of our lives. From voice assistants on smartphones to medical diagnosis and self-driving cars, artificial intelligence is changing our world at an astonishing speed.
The latest flagship model GPT-4o released by @OpenAI has also made great progress in technology. This momentum has not only attracted widespread attention in the encryption field, but also indicated that AI may become the next major trend in the integration of technology and finance in this dynamic and innovative field.
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Dogecoin is great again—a new era of crypto is coming!
Preface Summary:
Evening report on May 4, 2024: Tesla announced that some of its products will accept Dogecoin ( $DOGE ) as a payment method.
On its official website, Tesla stated that eligible products will display the Dogecoin symbol next to the order button, and buyers only need to transfer Dogecoin to Tesla's designated wallet and complete the payment. This move is seen as an important step for cryptocurrency in mainstream business!
Musk and Dogecoin
Dogecoin: Its logo is a Japanese Shiba Inu named Kabosu, who is very famous on the Internet.
Evening report on May 4, 2024: Tesla announced that some of its products will accept Dogecoin ( $DOGE ) as a payment method.
On its official website, Tesla stated that eligible products will display the Dogecoin symbol next to the order button, and buyers only need to transfer Dogecoin to Tesla's designated wallet and complete the payment. This move is seen as an important step for cryptocurrency in mainstream business!
Musk and Dogecoin
Dogecoin: Its logo is a Japanese Shiba Inu named Kabosu, who is very famous on the Internet.
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🎁 The "Luxury Pork Knuckle Rice" that suddenly dropped from the sky in the middle of the night last night simply made all the group members numb!
Earlier, I still recommended everyone to participate in the event in the group. Binance led the investment and the project party is strong. This wave of benefits is the best proof! I really want to thank @dappOS_com and dctv for sending this luxurious pork knuckle rice!
As one of the earliest participants in the event, I received 12u of luxurious pork knuckle rice, and the gas fee is almost zero, which is really conscience! This is definitely the largest airdrop for participating in the bonus pool event this year. The bonus pool of 500,000 US dollars is really huge!
There are already 1 million users on the chain, but I think that such a high-quality project will attract tens of millions of users in the near future! And recently I heard that dappOS has a new event to be launched, everyone should pay attention to it!
Thanks again @dappOS_com
#dappos #意图执行网络
Earlier, I still recommended everyone to participate in the event in the group. Binance led the investment and the project party is strong. This wave of benefits is the best proof! I really want to thank @dappOS_com and dctv for sending this luxurious pork knuckle rice!
As one of the earliest participants in the event, I received 12u of luxurious pork knuckle rice, and the gas fee is almost zero, which is really conscience! This is definitely the largest airdrop for participating in the bonus pool event this year. The bonus pool of 500,000 US dollars is really huge!
There are already 1 million users on the chain, but I think that such a high-quality project will attract tens of millions of users in the near future! And recently I heard that dappOS has a new event to be launched, everyone should pay attention to it!
Thanks again @dappOS_com
#dappos #意图执行网络
LIVE熊什么猫
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Bullish
Binance and DappOS have made big moves behind the scenes. Binance exclusively invested @dappOS_com in the seed round. The new overlord of the intentional asset track is about to emerge!
dappOS is a protocol dedicated to simplifying Web3 operations and is known as the Web3 version of Android. It uses an intermediate layer to allow users to easily manage on-chain assets, perform complex transactions, and seamlessly connect multiple dApps by simply expressing their intentions without having to deal with tedious technical details.
The project has received support from many top institutions and raised $15.3 million in the A round of financing, with a valuation of $300 million, and has great development potential.
Intentional assets are a new type of asset management tool that allows users to earn income without affecting asset liquidity. Such assets can be used flexibly on the chain like native assets, such as adding liquidity or depositing in CEX, and can still generate annualized returns.
Intentional DApp interaction: The dappOS platform simplifies the use of cross-chain DApps. Users do not need to worry about gas fees and inter-chain compatibility issues. It also supports the use of multi-chain tokens or fiat currencies to pay fees, greatly improving the convenience of operation.
IntentEX: Intent network nodes help users achieve optimal transaction costs through a fully automated process. This feature not only saves costs, but also ensures efficient and economical transactions, providing an institutional-level cost optimization experience.
Intent assets also combine returns and liquidity, allowing users' assets to continue to generate interest and be available on the chain at any time, providing great flexibility. Its one-click interaction function simplifies complex operations and optimizes cost efficiency through automation.
Through the OMS mechanism, nodes bear the risks of users using intent assets to ensure security. dappOS also converts pledged assets into flexible and available intent assets, increases returns and enhances liquidity, and promotes the development of the Web3 ecosystem.
$DOGS $LOKA $BNB
dappOS is a protocol dedicated to simplifying Web3 operations and is known as the Web3 version of Android. It uses an intermediate layer to allow users to easily manage on-chain assets, perform complex transactions, and seamlessly connect multiple dApps by simply expressing their intentions without having to deal with tedious technical details.
The project has received support from many top institutions and raised $15.3 million in the A round of financing, with a valuation of $300 million, and has great development potential.
Intentional assets are a new type of asset management tool that allows users to earn income without affecting asset liquidity. Such assets can be used flexibly on the chain like native assets, such as adding liquidity or depositing in CEX, and can still generate annualized returns.
Intentional DApp interaction: The dappOS platform simplifies the use of cross-chain DApps. Users do not need to worry about gas fees and inter-chain compatibility issues. It also supports the use of multi-chain tokens or fiat currencies to pay fees, greatly improving the convenience of operation.
IntentEX: Intent network nodes help users achieve optimal transaction costs through a fully automated process. This feature not only saves costs, but also ensures efficient and economical transactions, providing an institutional-level cost optimization experience.
Intent assets also combine returns and liquidity, allowing users' assets to continue to generate interest and be available on the chain at any time, providing great flexibility. Its one-click interaction function simplifies complex operations and optimizes cost efficiency through automation.
Through the OMS mechanism, nodes bear the risks of users using intent assets to ensure security. dappOS also converts pledged assets into flexible and available intent assets, increases returns and enhances liquidity, and promotes the development of the Web3 ecosystem.
$DOGS $LOKA $BNB
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Enzyme: An innovative asset management platform that promotes the integration of DeFi and traditional finance
🔔 Preface:
@Enzyme is an on-chain asset management platform in the DeFi field, aiming to provide asset managers and developers with flexible and secure tools to simplify the execution of investment strategies. With the integration of DeFi and traditional finance (TradFi), the platform is also continuously promoting innovation in the field of asset management.
1️⃣ Project and background introduction:
Launched in 2016, Enzyme was originally created by a team with a traditional financial background to provide an efficient on-chain platform for cryptocurrency asset management. Its core goal is to help managers and developers quickly enter the market while reducing management complexity and development costs. Enzyme allows users to manage digital assets through its smart contract suite without having to worry about the underlying technical maintenance.
@Enzyme is an on-chain asset management platform in the DeFi field, aiming to provide asset managers and developers with flexible and secure tools to simplify the execution of investment strategies. With the integration of DeFi and traditional finance (TradFi), the platform is also continuously promoting innovation in the field of asset management.
1️⃣ Project and background introduction:
Launched in 2016, Enzyme was originally created by a team with a traditional financial background to provide an efficient on-chain platform for cryptocurrency asset management. Its core goal is to help managers and developers quickly enter the market while reducing management complexity and development costs. Enzyme allows users to manage digital assets through its smart contract suite without having to worry about the underlying technical maintenance.
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DODO: Finding New Opportunities in DeFi and the Meme Economy
🔔 Preface:
As we all know, with the rapid development of DeFi and Meme economy, the @DODO project has continued to demonstrate strong technological innovation capabilities in recent years with its innovative liquidity solutions and market insights.
As a decentralized trading platform, DODO optimizes the trading experience through its Smart Trading Pool (PMM) technology and continues to expand its functions in Meme token issuance and multi-chain asset support.
1️⃣ Project and background introduction:
DODO was launched in 2020 and quickly gained market attention with its innovative Proactive Market Maker (PMM) technology at its core. Compared with the traditional automated market maker (AMM) model, PMM technology dynamically adjusts the price curve, allowing traders to trade with lower slippage while improving capital efficiency. Founded by Diane Dai, Radar Bear and Qi Wang, DODO is headquartered in Singapore and is committed to providing more efficient liquidity solutions for decentralized finance (DeFi) through technological innovation.
As we all know, with the rapid development of DeFi and Meme economy, the @DODO project has continued to demonstrate strong technological innovation capabilities in recent years with its innovative liquidity solutions and market insights.
As a decentralized trading platform, DODO optimizes the trading experience through its Smart Trading Pool (PMM) technology and continues to expand its functions in Meme token issuance and multi-chain asset support.
1️⃣ Project and background introduction:
DODO was launched in 2020 and quickly gained market attention with its innovative Proactive Market Maker (PMM) technology at its core. Compared with the traditional automated market maker (AMM) model, PMM technology dynamically adjusts the price curve, allowing traders to trade with lower slippage while improving capital efficiency. Founded by Diane Dai, Radar Bear and Qi Wang, DODO is headquartered in Singapore and is committed to providing more efficient liquidity solutions for decentralized finance (DeFi) through technological innovation.
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Kava: The perfect combination of cross-chain compatibility and decentralized applications
🔔 Preface:
@Kava is a decentralized blockchain platform that combines Cosmos and Ethereum, with the goal of providing efficient and scalable infrastructure for Web3 developers. Through its dual-chain architecture, Kava brings greater interoperability and scalability to the blockchain world, and is particularly suitable for developers who want to take into account both the Ethereum and Cosmos ecosystems.
1️⃣ Project and background introduction:
Kava was launched in 2019 with the initial purpose of supporting cross-chain financial services, and has now grown into a complete ecosystem supporting DApps. As a Layer-1 blockchain, Kava combines the smart contract capabilities of Ethereum and the high scalability of the Cosmos SDK, allowing users and projects to flow freely across different chains. Its technical architecture ensures seamless interaction between different ecosystems while also providing a fast and low-cost transaction experience.
@Kava is a decentralized blockchain platform that combines Cosmos and Ethereum, with the goal of providing efficient and scalable infrastructure for Web3 developers. Through its dual-chain architecture, Kava brings greater interoperability and scalability to the blockchain world, and is particularly suitable for developers who want to take into account both the Ethereum and Cosmos ecosystems.
1️⃣ Project and background introduction:
Kava was launched in 2019 with the initial purpose of supporting cross-chain financial services, and has now grown into a complete ecosystem supporting DApps. As a Layer-1 blockchain, Kava combines the smart contract capabilities of Ethereum and the high scalability of the Cosmos SDK, allowing users and projects to flow freely across different chains. Its technical architecture ensures seamless interaction between different ecosystems while also providing a fast and low-cost transaction experience.
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🎉 Today I received the Binance Mid-Autumn Festival gift box from #Binance !
🎁 Especially this big water cup is so beautiful, it looks good and has a large capacity. I feel like I have to double my daily water intake! And the texture of this clothing is still amazing, soft and comfortable, and it is great to wear! Every time I receive Binance's peripherals, I can feel their care.
Thank you very much @币安Binance华语 @yingge818 On the occasion of the full moon, may the currency be full!
🥮 In this upcoming Mid-Autumn Festival, I wish all my friends a happy Mid-Autumn Festival in advance, and may all your wishes come true!
🎁 Especially this big water cup is so beautiful, it looks good and has a large capacity. I feel like I have to double my daily water intake! And the texture of this clothing is still amazing, soft and comfortable, and it is great to wear! Every time I receive Binance's peripherals, I can feel their care.
Thank you very much @币安Binance华语 @yingge818 On the occasion of the full moon, may the currency be full!
🥮 In this upcoming Mid-Autumn Festival, I wish all my friends a happy Mid-Autumn Festival in advance, and may all your wishes come true!
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Pendle: A new DeFi option for optimizing yield management
🔔 Preface:
@Pendle is an innovative platform focusing on the DeFi field, dedicated to providing users with flexible solutions for managing crypto asset returns through yield tokenization technology. With the rapid development of the DeFi ecosystem, Pendle provides a way to separate returns from principal, allowing investors to operate more flexibly in the yield market.
1️⃣ Project and background introduction:
As we all know, Pendle is crucial in the field of decentralized finance, providing a new way to manage yield by allowing users to tokenize their yield assets. The platform aims to enable users to get the maximum return from their yield assets, whether by locking in yield, cashing out in advance, or hedging market risks.
@Pendle is an innovative platform focusing on the DeFi field, dedicated to providing users with flexible solutions for managing crypto asset returns through yield tokenization technology. With the rapid development of the DeFi ecosystem, Pendle provides a way to separate returns from principal, allowing investors to operate more flexibly in the yield market.
1️⃣ Project and background introduction:
As we all know, Pendle is crucial in the field of decentralized finance, providing a new way to manage yield by allowing users to tokenize their yield assets. The platform aims to enable users to get the maximum return from their yield assets, whether by locking in yield, cashing out in advance, or hedging market risks.
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SuperVerse: A new ecosystem integrating Web3 games, NFT markets, and DeFi
🔔 Preface:
@SuperVerse is a blockchain project dedicated to building a Web3 gaming and NFT ecosystem, providing users with a seamless blockchain experience through its native token SUPER.
As an evolved version of SuperFarm, SuperVerse combines multiple functions such as games, NFT markets, and DeFi, and is gradually gaining more attention.
1️⃣ Project and background introduction:
SuperVerse was born on the basis of SuperFarm, aiming to solve the decentralization problem of Web3 games and NFT markets. By providing an integrated ecosystem, SuperVerse helps developers and users to easily publish, trade and manage NFTs while enjoying a smooth gaming experience. It is designed to simplify the complex processes in the crypto world and enable new users to quickly enter the field.
@SuperVerse is a blockchain project dedicated to building a Web3 gaming and NFT ecosystem, providing users with a seamless blockchain experience through its native token SUPER.
As an evolved version of SuperFarm, SuperVerse combines multiple functions such as games, NFT markets, and DeFi, and is gradually gaining more attention.
1️⃣ Project and background introduction:
SuperVerse was born on the basis of SuperFarm, aiming to solve the decentralization problem of Web3 games and NFT markets. By providing an integrated ecosystem, SuperVerse helps developers and users to easily publish, trade and manage NFTs while enjoying a smooth gaming experience. It is designed to simplify the complex processes in the crypto world and enable new users to quickly enter the field.
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Rocket Pool: Making Staking Easy and Fun
🔔 Preface:
@Rocket Pool is a decentralized Ethereum staking protocol that aims to allow users to participate in Ethereum 2.0 staking without running complex nodes. By lowering the technical threshold, Rocket Pool opens the door to staking for more users. Recently, the project has made important progress in market performance, technical updates, and community participation, which is worth paying attention to.
1️⃣ Project and background introduction:
Rocket Pool was founded in 2016 with the initial goal of providing users with a convenient way to stake Ethereum. Through a decentralized network of node operators, Rocket Pool provides a secure and efficient staking solution for individual users and institutions. Its design philosophy is to decentralize staking power, lower the threshold for participation, and enable more users to easily participate in Ethereum 2.0 staking and earn returns.
@Rocket Pool is a decentralized Ethereum staking protocol that aims to allow users to participate in Ethereum 2.0 staking without running complex nodes. By lowering the technical threshold, Rocket Pool opens the door to staking for more users. Recently, the project has made important progress in market performance, technical updates, and community participation, which is worth paying attention to.
1️⃣ Project and background introduction:
Rocket Pool was founded in 2016 with the initial goal of providing users with a convenient way to stake Ethereum. Through a decentralized network of node operators, Rocket Pool provides a secure and efficient staking solution for individual users and institutions. Its design philosophy is to decentralize staking power, lower the threshold for participation, and enable more users to easily participate in Ethereum 2.0 staking and earn returns.
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Synapse: The universal bridge in the blockchain world
🔔 Preface:
It is an important project in the current blockchain field dedicated to solving interoperability problems. With the development of blockchain technology, the demand for cross-chain operations is increasing. Synapse provides a secure and decentralized cross-chain bridge technology that simplifies asset management in a multi-chain ecosystem.
1️⃣ Project and background introduction:
Synapse originated from Nerve Finance, and after transformation, it focuses on solving compatibility issues between different blockchains through decentralized cross-chain protocols. The goal is to support users to transfer assets between networks such as Ethereum, BNB Chain, Avalanche, and simplify cross-chain operations. From a simple cross-chain platform to a comprehensive interoperability solution, Synapse provides developers and users with efficient and secure cross-chain tools.
It is an important project in the current blockchain field dedicated to solving interoperability problems. With the development of blockchain technology, the demand for cross-chain operations is increasing. Synapse provides a secure and decentralized cross-chain bridge technology that simplifies asset management in a multi-chain ecosystem.
1️⃣ Project and background introduction:
Synapse originated from Nerve Finance, and after transformation, it focuses on solving compatibility issues between different blockchains through decentralized cross-chain protocols. The goal is to support users to transfer assets between networks such as Ethereum, BNB Chain, Avalanche, and simplify cross-chain operations. From a simple cross-chain platform to a comprehensive interoperability solution, Synapse provides developers and users with efficient and secure cross-chain tools.
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Scott Helfstein, head of investment strategy at Global X, mentioned that the U.S. added 142,000 jobs in August, which was less than expected, but the data was still reliable. He believes that this reduces the possibility of the Federal Reserve cutting interest rates by 50 basis points in September. The Federal Reserve may cut interest rates by 25 basis points as planned and will start the interest rate cut cycle carefully.
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Binance and DappOS have made big moves behind the scenes. Binance exclusively invested @dappOS_com in the seed round. The new overlord of the intentional asset track is about to emerge!
dappOS is a protocol dedicated to simplifying Web3 operations and is known as the Web3 version of Android. It uses an intermediate layer to allow users to easily manage on-chain assets, perform complex transactions, and seamlessly connect multiple dApps by simply expressing their intentions without having to deal with tedious technical details.
The project has received support from many top institutions and raised $15.3 million in the A round of financing, with a valuation of $300 million, and has great development potential.
Intentional assets are a new type of asset management tool that allows users to earn income without affecting asset liquidity. Such assets can be used flexibly on the chain like native assets, such as adding liquidity or depositing in CEX, and can still generate annualized returns.
Intentional DApp interaction: The dappOS platform simplifies the use of cross-chain DApps. Users do not need to worry about gas fees and inter-chain compatibility issues. It also supports the use of multi-chain tokens or fiat currencies to pay fees, greatly improving the convenience of operation.
IntentEX: Intent network nodes help users achieve optimal transaction costs through a fully automated process. This feature not only saves costs, but also ensures efficient and economical transactions, providing an institutional-level cost optimization experience.
Intent assets also combine returns and liquidity, allowing users' assets to continue to generate interest and be available on the chain at any time, providing great flexibility. Its one-click interaction function simplifies complex operations and optimizes cost efficiency through automation.
Through the OMS mechanism, nodes bear the risks of users using intent assets to ensure security. dappOS also converts pledged assets into flexible and available intent assets, increases returns and enhances liquidity, and promotes the development of the Web3 ecosystem.
$DOGS $LOKA $BNB
dappOS is a protocol dedicated to simplifying Web3 operations and is known as the Web3 version of Android. It uses an intermediate layer to allow users to easily manage on-chain assets, perform complex transactions, and seamlessly connect multiple dApps by simply expressing their intentions without having to deal with tedious technical details.
The project has received support from many top institutions and raised $15.3 million in the A round of financing, with a valuation of $300 million, and has great development potential.
Intentional assets are a new type of asset management tool that allows users to earn income without affecting asset liquidity. Such assets can be used flexibly on the chain like native assets, such as adding liquidity or depositing in CEX, and can still generate annualized returns.
Intentional DApp interaction: The dappOS platform simplifies the use of cross-chain DApps. Users do not need to worry about gas fees and inter-chain compatibility issues. It also supports the use of multi-chain tokens or fiat currencies to pay fees, greatly improving the convenience of operation.
IntentEX: Intent network nodes help users achieve optimal transaction costs through a fully automated process. This feature not only saves costs, but also ensures efficient and economical transactions, providing an institutional-level cost optimization experience.
Intent assets also combine returns and liquidity, allowing users' assets to continue to generate interest and be available on the chain at any time, providing great flexibility. Its one-click interaction function simplifies complex operations and optimizes cost efficiency through automation.
Through the OMS mechanism, nodes bear the risks of users using intent assets to ensure security. dappOS also converts pledged assets into flexible and available intent assets, increases returns and enhances liquidity, and promotes the development of the Web3 ecosystem.
$DOGS $LOKA $BNB
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Have you noticed that as we get older, we become more and more like the characters in Journey to the West, with Wukong's pressure, Zhu Bajie's figure, Sha Seng's hairstyle, Tang Seng's nagging, and endless "demons" to fight. More importantly, we are getting closer and closer to the West...$BTC
LIVE熊什么猫
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Analyzing and playing with dappOS and Binance Wallet: Easily realize asset storage, withdrawal and conversion
🔔 Preface:
In recent years, the rapid development of the crypto industry has brought many innovations, but also some key problems, one of which is the phenomenon of "TVL rigidity". To solve this problem, @dappOS_com launched "Intent Assets", a new type of asset that can both generate interest and be available on the chain at any time.
1️⃣ Project Introduction:
dappOS is a protocol that aims to simplify Web3 operations, equivalent to the Web3 version of Android. Through an intermediary layer, it allows users to simply express what they want to achieve without having to deal with complex technical details. With "intention" as the core, dappOS helps users easily manage on-chain assets, perform complex transactions, and interact seamlessly with various dApps.
In recent years, the rapid development of the crypto industry has brought many innovations, but also some key problems, one of which is the phenomenon of "TVL rigidity". To solve this problem, @dappOS_com launched "Intent Assets", a new type of asset that can both generate interest and be available on the chain at any time.
1️⃣ Project Introduction:
dappOS is a protocol that aims to simplify Web3 operations, equivalent to the Web3 version of Android. Through an intermediary layer, it allows users to simply express what they want to achieve without having to deal with complex technical details. With "intention" as the core, dappOS helps users easily manage on-chain assets, perform complex transactions, and interact seamlessly with various dApps.
See original
Analyzing and playing with dappOS and Binance Wallet: Easily realize asset storage, withdrawal and conversion
🔔 Preface:
In recent years, the rapid development of the crypto industry has brought many innovations, but also some key problems, one of which is the phenomenon of "TVL rigidity". To solve this problem, @dappOS_com launched "Intent Assets", a new type of asset that can both generate interest and be available on the chain at any time.
1️⃣ Project Introduction:
dappOS is a protocol that aims to simplify Web3 operations, equivalent to the Web3 version of Android. Through an intermediary layer, it allows users to simply express what they want to achieve without having to deal with complex technical details. With "intention" as the core, dappOS helps users easily manage on-chain assets, perform complex transactions, and interact seamlessly with various dApps.
In recent years, the rapid development of the crypto industry has brought many innovations, but also some key problems, one of which is the phenomenon of "TVL rigidity". To solve this problem, @dappOS_com launched "Intent Assets", a new type of asset that can both generate interest and be available on the chain at any time.
1️⃣ Project Introduction:
dappOS is a protocol that aims to simplify Web3 operations, equivalent to the Web3 version of Android. Through an intermediary layer, it allows users to simply express what they want to achieve without having to deal with complex technical details. With "intention" as the core, dappOS helps users easily manage on-chain assets, perform complex transactions, and interact seamlessly with various dApps.
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1inch: An innovative solution for liquidity aggregation and multi-chain support
🔔 Preface:
@1inch Network is an important player in the DeFi field. It has won wide attention among cryptocurrency traders with its liquidity aggregator and multi-chain support functions. As of 0:30 on September 5, 2024, the current coin price is $0.288, a 24-hour increase of 27%.
1️⃣ Project and background introduction:
1inch was born in 2019. It is a decentralized trading aggregator that optimizes the user's trading experience by finding the best trading path in multiple DEXs. The 1inch team was founded by @SergejKunz and @Anton Bukov, who hope to solve the problems of high transaction fees and dispersed liquidity through the platform.
@1inch Network is an important player in the DeFi field. It has won wide attention among cryptocurrency traders with its liquidity aggregator and multi-chain support functions. As of 0:30 on September 5, 2024, the current coin price is $0.288, a 24-hour increase of 27%.
1️⃣ Project and background introduction:
1inch was born in 2019. It is a decentralized trading aggregator that optimizes the user's trading experience by finding the best trading path in multiple DEXs. The 1inch team was founded by @SergejKunz and @Anton Bukov, who hope to solve the problems of high transaction fees and dispersed liquidity through the platform.
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The total monthly trading volume of CME Ethereum futures in August was $20.8 billion, a month-on-month decrease of 31%. This volume data is the lowest level since November 2023. Analysts believe that the decline in Ethereum derivatives trading volume indicates that institutional interest in the asset is lower than expected.
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Ethereum Layer1 network revenue has dropped sharply
Since March 2024, the revenue of Ethereum Layer1 network has dropped sharply, by as much as 99%. On March 5, 2024, the daily revenue of Ethereum Layer1 network reached a peak of more than $35 million, but by September 2, this figure had dropped to about $200,000, hitting a yearly low.
Cryptocurrency analyst Kun warned that if this trend continues, Layer2 solutions may gradually replace the Ethereum mainnet, especially for consumer applications. Kun pointed out that Ethereum needs to develop valuable use cases on its mainnet, otherwise it may face serious valuation problems.
Bitcoin investor Fred Krueger also expressed similar concerns. He believes that Ethereum's current daily fee income of $200,000, only $73 million per year, is far from enough to support its $300 billion market value. Krueger suggested that Ethereum's actual valuation may be closer to $3 billion, indicating a clear disconnect between its fee income model and market valuation.
Since March 2024, the revenue of Ethereum Layer1 network has dropped sharply, by as much as 99%. On March 5, 2024, the daily revenue of Ethereum Layer1 network reached a peak of more than $35 million, but by September 2, this figure had dropped to about $200,000, hitting a yearly low.
Cryptocurrency analyst Kun warned that if this trend continues, Layer2 solutions may gradually replace the Ethereum mainnet, especially for consumer applications. Kun pointed out that Ethereum needs to develop valuable use cases on its mainnet, otherwise it may face serious valuation problems.
Bitcoin investor Fred Krueger also expressed similar concerns. He believes that Ethereum's current daily fee income of $200,000, only $73 million per year, is far from enough to support its $300 billion market value. Krueger suggested that Ethereum's actual valuation may be closer to $3 billion, indicating a clear disconnect between its fee income model and market valuation.
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