BITE, created by @SkaleNetwork, eliminates MEV at the consensus level.
BITE's 4 Steps:
1️⃣ Encryption: before submission, transaction data, like function calls, are encrypted client-side using BITE’s threshold encryption.
2️⃣ Consensus: once submitted, the encrypted transaction is broadcast to the network. Validators validate and collect signatures, although transaction contents remain encrypted while pending, fully obscuring the mempool from observers and validators.
3️⃣ Decryption: upon reaching consensus, a supermajority of validators can use their private shares to produce decryption shares. Combining these decryption shares reconstructs the original, unencrypted transaction data.
4️⃣ Execution & Persistence: post-execution, the transaction data remains encrypted within block explorers and accessible only viaBITE-specific JSON-RPC calls.
The delta-neutral structure of $USR fueled rapid growth — Resolv’s total value locked (TVL) surged from $10M in late 2024 to over $600M in early 2025, before falling below $400M by mid-year.
Learn more about $USR from @NovaOvchinnik: https://www.ournetwork.xyz/p/on-338-stablecoins-pt-2?utm_campaign=ournetwork#usr
📍 Reached ATH of $60B. 📍 Grew over 80% year-over-year. 📍 Market share grew from 20% of stablecoin supply in April 2024, to 25% in April 2025. 📍 Growth driven by @Base & @Binance.
@ElBarto_Crypto does a full overview on $USDC in ON-338: https://t.co/bsYnnSS2CZ
.@Safes are the most widely adopted smart accounts across @Ethereum – $6.2B worth of stablecoins are stored in their smart accounts.
See what’s happening in stablecoin infrastructure from @usestablecoin ➡️ https://www.ournetwork.xyz/p/on-338-stablecoins-pt-2?utm_campaign=ournetwork#stablecoin-infrastructure
.@Circle's $USDC constitutes the highest share of stablecoins on @Solana, capturing nearly 80% of the stablecoin market.
Deep-dive into @Solana stables, coverage from @ergon50 👉 https://www.ournetwork.xyz/p/on-338-stablecoins-pt-2?utm_campaign=ournetwork#solana-stablecoins
Live since 2021, gTrade has nearly $100B in lifetime volume and over over $60M in lifetime revenue.
Check out what else is happening on @GainsNetwork_io from @clJoseph_ 👉 https://www.ournetwork.xyz/p/on-334-derivatives?utm_campaign=ournetwork#gains-network