Author: Dynamo DeFi Translation: Shan Ouba, Golden Finance
Every once in a while, a new crypto ecosystem emerges that is fundamentally different from the one that came before:
DeFi in 2020
NFT in 2021
It can be considered that the infrastructure is quickly being put in place, and similar things may also happen in modular blockchains superior. Simply put, modular blockchains are custom chains that, like Lego, can choose different blockchain components to suit their needs:
Billing
Data availability
Execution environment
Due to these modular areas Blockchains are highly customizable, so they are well suited for purpose-built application chains and smart contract chains. Previously, launching a custom chain was a daunting task, but now, new instant service solutions make it as easy as clicking a few buttons.
As this infrastructure improves, dozens or even hundreds of modular blockchains may be launched this year. Celestia, the data availability layer built on Cosmos, will be one of the main beneficiaries of this expansion. Dan Smith from Blockworks Research outlines what the future of Celestia might look like:
Another important infrastructure for modular expansion is Dymension. Dymension is looking to create an IBC-enabled standard for Rollups that developers can use to deploy custom Rollups with just a few clicks. In an interview with The Rollup, the founder of Dymension talked about how Dymension fits into the modular ecosystem:
Bitcoin ETF has been launched. Big names on Wall Street appear to be taking a deeper interest in cryptocurrencies.
In interviews this week, BlackRock CEO Larry Fink repeatedly praised cryptocurrencies and other tokenized Utilities. In an interview, he talked about how all financial assets will be tokenized in the future, and this global ledger of asset ownership could be used for things like shareholder voting:
While people in the cryptocurrency community have been talking about “hypertokenization” for years, it’s remarkable to now see the CEO of the world’s largest asset manager talking about the issue.
Note that it remains to be seen how, if at all, Wall Street’s tokenization plans will involve public blockchains. However, more tokenized assets increase cryptocurrency adoption and legitimize the asset class.
Arbitrum breaks TVL record high in 2021
This week, Arbitrum broke its long-standing TVL all-time high. Arbitrum’s previous record was in November 2021. Following the 2023 ARB airdrop, Arbitrum came close to breaking that record. Now, more than two years later, it has finally broken that record, becoming one of the only major chains to break the TVL record during the 2021 bull market.
TVL’s growth has been driven in part by bridging inflows. Arbitrum has seen over $175 million in net bridge inflows over the past seven days.
Stablecoin transfers are cryptocurrencies in the real world One of the best uses and growing all the time. The overall stablecoin transfer volume hit a one-year high this week. This growth has been driven primarily by Solana, which has been on an upward trend since early December.
Celestia is so unique in the blockchain world that measuring it with conventional metrics can be difficult. However, its usage can still be roughly tracked through accounts, transactions, and data blocks. Celenium is a developer-focused browser for the Celestia blockchain.
Modular DeFi lending leverages the security, consensus, and data availability provided by the base layer, focuses on the functional modularization of the execution layer and application layer, and runs these modules on the blockchain.
JinseFinanceJupiter co-founder Meow to speak at ABS 2024 in Taiwan, discussing blockchain's future and DeFi innovations on Solana.
ZeZhengDeFi researcher Chris Powers explores the new trend of "modular lending" in the lending sector, illustrating its potential in addressing market challenges and providing better services. This article, based on an article by Chris Powers, is compiled, translated, and written by BlockBeats.
MiyukiAs of June 4, 2024, Catizen has attracted nearly 13 million players, with nearly 1.9 million daily active users, 802,000 on-chain users, and more than 9.55 million on-chain transactions, making it one of the fastest growing projects in the Web3.0 ecosystem game user base.
JinseFinanceBlockchain technology has transformed the way we perceive and interact with digital assets.
CoinBold
Coinlive The collection was free to mint for holders of existing Art Blocks NFTs until the claim period ended on Tuesday, sending its value soaring on the secondary market.
CoindeskAs per the details from a tweet thread by Coinbase, iOS users will be unable to send NFTs from their wallets on iOS devices anymore.
OthersEclipse is a project in Celestia's Modular Fellows program, and we've spent several months iterating on Eclipse's design with Celestia.
CointelegraphCointelegraph
