Decentralized Finance行业双周报

1. Important Industry Dynamics

1. The trading platform has launched a new Layer 2 network based on Optimism technology.

A well-known trading platform has announced the launch of a new Layer 2 network called Unichain, which is built on the Optimism OP Stack technology. Unichain is expected to go live on the testnet on October 10, with the mainnet launching later this year.

Unichain has introduced the Trusted Execution Environment ( TEE technology developed in collaboration with Flashbots. Through TEE, the block construction time can be reduced to 200-250 milliseconds, far exceeding the speed of the Ethereum mainnet and other Layer 2 networks.

![Uniswap launches Optimism-based L2 network Unichain｜Snap DeFi Biweekly Report October )](https://img-cdn.gateio.im/webp-social/moments-98f84d044e41469bc2f64d1ac8d17a8b.webp(

) 2. A trading platform has launched the Scroll### $SCR( token.

Scroll is an Ethereum Layer 2 zkRollup solution that utilizes zero-knowledge proof technology to enhance Ethereum's scalability. The core technological breakthrough of Scroll lies in zkEVM and hardware acceleration, collaborating with the Ethereum Foundation to adopt the Halo2 verification system, and developing a zkEVM hardware accelerator named PipeZK.

The SCR token functions include governance and future use as a token for decentralized validators and sorters. The total supply is 1 billion SCR, with an initial circulating supply of 190 million SCR at launch.

) 3. The native USDC has officially launched on Sui.

Circle announced that the native USDC has been launched on the Sui mainnet, allowing developers and users to access it directly without the need for cross-chain bridging. Circle Mint and Circle API now fully support USDC on Sui, making it easier for users to access USDC liquidity.

Sui is the first blockchain based on the Move programming language, supporting native USDC. As of October 2024, the Sui ecosystem has covered more than 85 applications, involving Decentralized Finance, gaming, decentralized infrastructure networks, and more.

4. The U.S. court has not approved the sale of Silk Road Bitcoin

Recently, there have been rumors that the U.S. Supreme Court approved the sale of 69,370 Bitcoins seized from Silk Road, leading to a drop in Bitcoin prices. In fact, the Supreme Court only dismissed Battle Born Investments' lawsuit regarding the ownership of Silk Road Bitcoins, confirming that these Bitcoins still belong to the U.S. government and did not approve their sale.

However, considering that the U.S. elections are approaching, current officials may sell these bitcoins before the elections. But for now, this is merely speculation, and there is no need to panic.

5. Introduction to Sui Ecosystem Decentralized Finance Projects

The strongest areas of development in the Sui ecosystem are currently focused on Decentralized Finance and Meme-related projects. Major DeFi projects include:

Lending Agreement:

• Navi Protocol: The lending protocol with the highest TVL, exceeding $350 million.
• Suilend Protocol: Developed by the Solend team on Solana
• Scallop Protocol: Sui native lending platform, TVL exceeds 150 million USD

Decentralized Exchange ### DEX (:

• Cetus Protocol: The DEX with the highest trading volume and TVL on Sui
• Turbos Finance: Supports a large number of meme tokens trading.
• DeepBook: Uses an efficient shared object pool structure

Other Decentralized Finance projects:

• Bucket Protocol: Decentralized stablecoin project
• Bluefin: The number one derivatives trading platform on Sui
• Typus Finance: Derivative infrastructure of the Sui ecosystem

) 6. Pyth has reached a partnership with a trading platform

Pyth Network will provide real-time data services for a new blockchain developed for a trading platform. As a core infrastructure provider, Pyth Network will offer over 500 real-time price data sources, updating every 400 milliseconds to ensure that developers can access accurate and reliable Decentralized Finance data.

7. Aptos set a new record for daily trading volume of L1 blockchain in the second quarter of this year.

According to the Messari report, Aptos has set multiple new records as an L1 blockchain:

• Daily trading volume increased by 474%, reaching 4.4 million transactions
• The total value locked in DeFi is ### TVL ( increased by 123% quarter on quarter, reaching 75 million APT.
• The daily trading volume of DEX increased by 189%, reaching 30 million USD.

These data show that the Aptos ecosystem is rapidly developing, especially in terms of Decentralized Finance and decentralized trading.

) 8. An investment institution invests in ZKsync "Elastic Chain" Sophon

Sophon is a flexible chain based on ZKsync, built on the modular open-source framework of Matter Labs as a second-layer network. Sophon focuses on entertainment applications such as gaming, social networking, and artificial intelligence, aiming to promote the development of the Web3 ecosystem.

This investment will accelerate ecological development and support innovative projects. Sophon has great potential in the fields of entertainment and artificial intelligence, and is expected to become a leading force in this area in the future.

2. Decentralized Finance Data Dashboard

1. TVL data

The blockchain TVL ranking has been reshuffled, with Sui strongly entering the top ten, demonstrating its robust growth momentum in the Decentralized Finance sector.

![Uniswap launches Optimism-based L2 network Unichain｜Snap DeFi Biweekly Report October ###](https://img-cdn.gateio.im/webp-social/moments-10d990d1edf4eadb085df95640efee75.webp(

) 2. Stablecoin Data

The total market value of stablecoins is $172.818 billion, a slight decrease of 0.19% in the past week. USDT's market share is 69.26%, while USDC's is 20.1%.

3. DEX Data

The DEX trading volume has slightly decreased over the past week, but Cetus has grown by 64.20%, showing strong momentum. Uniswap and PancakeSwap still maintain their leading positions.

![Uniswap launches the L2 network Unichain based on Optimism｜Snap DeFi Biweekly Report October ### above](https://img-cdn.gateio.im/webp-social/moments-0452c3188b4d2a9b2055838e2abc26d5.webp(

3. Decentralized Finance Market Outlook

The Layer 2 network Unichain launched by a well-known trading platform is expected to attract a large amount of DeFi liquidity again. As a superchain architecture, Unichain can integrate the liquidity of multiple ecosystems, with the total locked amount potentially reaching the level of billions of dollars.

In the future, more and more applications and teams may choose to deploy on Unichain, including payment systems. We may see more large projects with real revenue deployed here, and even the emergence of more than 3 unicorn companies.

The relevant token UNI may become a key element in future validator nodes, significantly enhancing its status. Many institutions have started to set up UNI nodes, bringing opportunities to the Liquid Staking/Restaking market for UNI.

Overall, we are optimistic about those DeFi protocols that seize the Unichain opportunity first, as they are expected to make a comeback.