August 15 · Latest Trends in Web3

1️⃣ Hong Kong Promotes Web3.0 Standardization:

The Hong Kong Web3.0 Standardization Association held a future summit on the 7th of this month, focusing on how to lead the healthy development of stablecoins and real-world assets (RWA) through standardization, providing a more regulated framework for the industry.

2️⃣ Chainlink Collaborates with Avalanche to Expand RWA Scenarios:

Chainlink and Avalanche have made new progress in technical infrastructure, jointly promoting the diversification of real-world asset on-chain applications, allowing more RWA projects to circulate on-chain.

3️⃣ Uniswap Launches New Governance Proposal:

The decentralized exchange Uniswap today released a new governance proposal aimed at optimizing liquidity incentive mechanisms and introducing more flexible fee distribution schemes to further enhance community governance participation.

4️⃣ New Progress in Ethereum Layer 2 Network:

A well-known Layer 2 solution announced today the completion of its latest round of financing and plans to launch more scaling features in the upcoming quarter, further reducing transaction costs for users.

5️⃣ Cryptocurrency Market Declines Across the Board:

$BTC reached a low of 116803, down 6.16% from its peak; $ETH reached a low of 4369, down 8.75% from its peak; $BNB reached a low of 812, down 6.55% from its peak.