Layer-1
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$SUI is a high-performance #Layer-1 blockchain developed by Mysten Labs, designed to support decentralized applications (dApps) with low-latency, high-throughput, and user-friendly features. Launched in May 2023, Sui aims to address common blockchain challenges such as scalability, transaction speed, and developer accessibility .
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The content of the posts posted in many places is increasing in the direction of "I am waiting to add when it will drop" or "I will buy". Friends, "those who go a lot, go a lot", if you are lucky, the project you follow will give you the opportunity to buy. Your idea of expensive levels for projects that have made 10x-20x may be disproven. Some are even still very cheap.
Another popular view is to chase shorts in leveraged market corridors on green days. Don't be stubborn and open a counter position against the trend. Stay tuned. $BTC $ETH #layer-1 #DYOR🟢
Another popular view is to chase shorts in leveraged market corridors on green days. Don't be stubborn and open a counter position against the trend. Stay tuned. $BTC $ETH #layer-1 #DYOR🟢
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This skyrocketing crypto MARKET is dominant!?
1.Layer-1
The layer-1 sector, namely a collection of crypto assets included in the main network blockchain (layer-1) leads the capitalization value of US$ 1.8 trillion with the most dominance contributed by Bitcoin (BTC) and Ethereum (ETH), followed by Binance Coin ( BNB), Solana (SOL), and Cardano (ADA).
2.Stablecoins
The sector in second place is Stablecoins. Stablecoins in this category only count stablecoins pegged to the US Dollar. This sector contributed capitalization of US$143.3 billion.
The top three crypto assets in this sector are Tether (USDT), USD Circle (USDC), and Dai (DAI). Tether dominates this sector with a dominance rate of 71.38% of all USD stablecoins.
3. DEFI
The DeFi sector is a collection of crypto assets that are included in the utility and governance tokens of a DeFi project. This sector contributed capitalization of US$100.6 billion, the third largest after layer-1 and stablecoins.
The top three crypto assets in this sector are Lido staked Ether (stETH), Chainlink (LINK), and Uniswap (UNI). Lido staked Ether (stETH) is the most popular liquid staking token (LST) among other Ethereum LSTs, with a dominance of 71.5%.
Our YouTube is a "money IDEA"
#defi #layer-1 #stablecoin #ideuang #yttun
1.Layer-1
The layer-1 sector, namely a collection of crypto assets included in the main network blockchain (layer-1) leads the capitalization value of US$ 1.8 trillion with the most dominance contributed by Bitcoin (BTC) and Ethereum (ETH), followed by Binance Coin ( BNB), Solana (SOL), and Cardano (ADA).
2.Stablecoins
The sector in second place is Stablecoins. Stablecoins in this category only count stablecoins pegged to the US Dollar. This sector contributed capitalization of US$143.3 billion.
The top three crypto assets in this sector are Tether (USDT), USD Circle (USDC), and Dai (DAI). Tether dominates this sector with a dominance rate of 71.38% of all USD stablecoins.
3. DEFI
The DeFi sector is a collection of crypto assets that are included in the utility and governance tokens of a DeFi project. This sector contributed capitalization of US$100.6 billion, the third largest after layer-1 and stablecoins.
The top three crypto assets in this sector are Lido staked Ether (stETH), Chainlink (LINK), and Uniswap (UNI). Lido staked Ether (stETH) is the most popular liquid staking token (LST) among other Ethereum LSTs, with a dominance of 71.5%.
Our YouTube is a "money IDEA"
#defi #layer-1 #stablecoin #ideuang #yttun
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5/21/2024 \ List of notable projects in the ecosystem as ETH ETF is likely to be approved
The long green candles of BTC and ETH lit up the markets and brought hope to the crypto community.
Last night, some news from the SEC significantly increased the chances of an ETH ETF being approved, causing ETH to skyrocket.
If the ETH ETF is successfully approved, ETH ecological projects will also benefit, and the gains could exceed ETH. So we should focus on it.
In the ETH ecosystem, there are some of the biggest sectors and projects:
Last night, some news from the SEC significantly increased the chances of an ETH ETF being approved, causing ETH to skyrocket.
If the ETH ETF is successfully approved, ETH ecological projects will also benefit, and the gains could exceed ETH. So we should focus on it.
In the ETH ecosystem, there are some of the biggest sectors and projects:
Ethereum #layer-1 Revenue Collapse: What's Behind the Drop? 📉
👀 Since the #DENCUN upgrade on March 13, 2024, Ethereum's layer-1 network revenue has plummeted by 99%! Despite a surge in layer-2 (L2) user activity and #transactions —both doubling since March—fees for layer-1 transactions have dramatically dropped from $35.5M to just $578,000. 🙀
The Dencun upgrade, aimed at reducing layer-2 fees, has led to an explosion of competing L2 solutions. With 74 L2 and 21 layer-3 projects now vying for users, the race to offer the lowest fees has intensified, driving more activity off the Ethereum base layer. 🧐
This fierce competition has driven transaction costs down, counteracting the deflationary effects of EIP-1559 and causing a steady increase in $ETH supply. Therefore, Ethereum has ceased to be a deflationary asset, which can negatively affect its price. 🤷
Is the L2 boom causing Ethereum’s base layer to suffer? 🤔🔍
🤝 #DOGSONBINANCE #TON
👀 Since the #DENCUN upgrade on March 13, 2024, Ethereum's layer-1 network revenue has plummeted by 99%! Despite a surge in layer-2 (L2) user activity and #transactions —both doubling since March—fees for layer-1 transactions have dramatically dropped from $35.5M to just $578,000. 🙀
The Dencun upgrade, aimed at reducing layer-2 fees, has led to an explosion of competing L2 solutions. With 74 L2 and 21 layer-3 projects now vying for users, the race to offer the lowest fees has intensified, driving more activity off the Ethereum base layer. 🧐
This fierce competition has driven transaction costs down, counteracting the deflationary effects of EIP-1559 and causing a steady increase in $ETH supply. Therefore, Ethereum has ceased to be a deflationary asset, which can negatively affect its price. 🤷
Is the L2 boom causing Ethereum’s base layer to suffer? 🤔🔍
🤝 #DOGSONBINANCE #TON
Taraxa: Fast, Scalable, and Decentralized Layer-1 Solution
Taraxa offers an innovative solution as a public, fast, and scalable Layer-1 infrastructure. Its goal is to ensure reliable validation of informal transactions, making them trustworthy, and provide accessible ledgers and reputation for every individual and device. Staying true to principles of decentralization and security, Taraxa presents a unique Layer-1 network and seeks to address real-world problems with the power of artificial intelligence. #layer-1
Key Features of Taraxa
Taraxa boasts the following standout features:
Scalable and Fast Transactions: Taraxa enables low-cost scalability and facilitates nearly instant transactions.
Decentralization: Taraxa provides a permissionless network where anyone can be a validator, promoting true localization and participation.
AI-Powered Ecosystem: Enhancing the Web3 ecosystem with features like Hype, TrendSpotter, and Echo, infused with the power of artificial intelligence.
Innovative Technology of Taraxa
Taraxa introduces a unique technology with t-Graph consensus
BlockDAG and Anchor Chain: Utilized to scale blockchain technology.
Concurrent PBFT: Ensures secure and decentralized transaction validation.
EVM Compatible and User-Friendly
Taraxa offers seamless migration of Ethereum dApps and attracts users with almost zero transaction costs.
Applications of Taraxa
Taraxa's AI-powered Web ecosystem presents various applications:
Hype: Yields measurable results through automated social campaigns.
TrendSpotter: Identifies trends early, highlighting users' prominence.
Echo: Acts as a decentralized analysis network, supporting Hype and TrendSpotter.
Chainlink Integration: Collaborates with Chainlink for implementing chronology.
HerbSwap: Offers trading with a decentralized exchange and automated market maker.
NFTs2Me: Simplifies NFT collection creation with zero coding skills.
Explorer: Taraxa's Layer-1 blockchain explorer, developed by the core development team.
In Summary
Taraxa, with its innovative technology and AI-powered applications, emerges as a pioneer in providing a fast, scalable, and decentralized Layer-1 solution. By making informal transactions reliable and addressing real-world challenges, Taraxa leads the way in combining cutting-edge technology with practical solutions. #TARAXA
Key Features of Taraxa
Taraxa boasts the following standout features:
Scalable and Fast Transactions: Taraxa enables low-cost scalability and facilitates nearly instant transactions.
Decentralization: Taraxa provides a permissionless network where anyone can be a validator, promoting true localization and participation.
AI-Powered Ecosystem: Enhancing the Web3 ecosystem with features like Hype, TrendSpotter, and Echo, infused with the power of artificial intelligence.
Innovative Technology of Taraxa
Taraxa introduces a unique technology with t-Graph consensus
BlockDAG and Anchor Chain: Utilized to scale blockchain technology.
Concurrent PBFT: Ensures secure and decentralized transaction validation.
EVM Compatible and User-Friendly
Taraxa offers seamless migration of Ethereum dApps and attracts users with almost zero transaction costs.
Applications of Taraxa
Taraxa's AI-powered Web ecosystem presents various applications:
Hype: Yields measurable results through automated social campaigns.
TrendSpotter: Identifies trends early, highlighting users' prominence.
Echo: Acts as a decentralized analysis network, supporting Hype and TrendSpotter.
Chainlink Integration: Collaborates with Chainlink for implementing chronology.
HerbSwap: Offers trading with a decentralized exchange and automated market maker.
NFTs2Me: Simplifies NFT collection creation with zero coding skills.
Explorer: Taraxa's Layer-1 blockchain explorer, developed by the core development team.
In Summary
Taraxa, with its innovative technology and AI-powered applications, emerges as a pioneer in providing a fast, scalable, and decentralized Layer-1 solution. By making informal transactions reliable and addressing real-world challenges, Taraxa leads the way in combining cutting-edge technology with practical solutions. #TARAXA
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