BTC突破7万大关

#traderumour @rumour.app #Traderumour $ALT  

Last week, I was looking through GitHub repositories for a study paper. I was drawn to AltLayer's docs for a peculiar reason. It was good, really. Reasonable presumptions about developer expertise, functional code samples, and concise explanations. Although this may seem like a modest hurdle, solid documentation is really uncommon in the crypto industry. The majority of projects produce amazing whitepapers with subpar documents. For AltLayer, the reverse was true.

The long-term victorious infrastructure is determined by developer experience. Easy-to-use, mediocre technology outperforms the greatest technology with the worst developer experience. In software, this pattern is always present. Why is JavaScript so popular even though it's a terrible language? experience as a developer. Why did cloud infrastructure go to AWS? experience as a developer. Why do technically better alternatives languish while certain blockchain platforms draw hundreds of developers? experience as a developer.

Allow me to illustrate why AltLayer's developer experience strategy may be more important than any technological requirements.

The majority of rollup frameworks need difficult decisions. Go away or pick up our stack. Create your own sequencer from scratch or use ours. Either adopt our finality model or come up with an alternative. From the standpoint of the framework, the rigidity makes sense. Complexity arises from supporting every potential configuration. However, developers detest being confined to boxes that don't meet their needs.

These compelled decisions are removed by AltLayer's modular architecture. Using the OP Stack to build? backed. Do You Like Arbitrum Orbit? supported as well. Do you prefer Polygon CDK? Yes. Want to give ZK Stack a try? Soon. Instead than requiring developers to conform to the framework, the framework accommodates their choices.

Layers of data availability are also subject to this flexibility. Make a straight Ethereum settlement. Use EigenDA to save money. For a variety of performance attributes, try Celestia. Include Espresso or Avail. Different compromises regarding cost, speed, and security assumptions are available for each data availability tier. Instead of accepting options that are one-size-fits-all, developers may make choices based on their unique needs.

Any of these combinations can be used with the restaked rollup structure. OP With VITAL security certification, is Stack settling to Ethereum? works. Using Celestia for data availability with MACH fast finality in Arbitrum Orbit? works as well. Polygon CDK with decentralized sequencing using EigenDA and SQUAD? backed. Infrastructure components are treated as modular rather than monolithic by the modular design.

Think about the implications for a developer creating a derivatives protocol such as Deri. Quick finality is necessary for derivatives. Week-long withdrawal delays will not be accepted by users. Through restaked economic security, MACH offers quick finality. However, Deri could prefer Ethereum settlement for optimal security and OP Stack for EVM compatibility. They can create just this arrangement using AltLayer.

Now think of a game like Cosmik Battle, which Cometh is developing. Maximum throughput and low cost are necessary for gaming. It could be excessive to use Ethereum settlement for each transaction. Celestia for data availability might significantly lower expenses. However, security verification is still desired in gaming to stop cheating. That verification is provided by VITAL. Once more, AltLayer makes it possible to compose the precise configuration that is required.

Attention to the developer experience is evident in the dashboard UI. Weeks of configuration and extensive DevOps knowledge shouldn't be necessary to launch a rollup. In early 2023, the RaaS (Rollup-as-a-Service) dashboard, which offers visual interfaces for rollup deployment, was made available to the public. Decide on your rollup stack, data availability layer, AltLayer products, and deployment.

Complexity still exists behind the scenes. Complex setup is required to coordinate across several rollup stacks, data availability layers, and security services. Developers, however, are blind to its intricacy. They see sensible options, obvious trade-offs, and functional defaults. For acceptance, the abstraction is crucial.

This developer-friendly strategy was expanded with the introduction of the ephemeral rollup SDK and API in Q3 2023. For certain use cases, developers may programmatically spin up rollups, operate them for a short time, and then shut them down. Instead of being done by hand, the complete lifetime is converted to code. This flexibility is revolutionary for applications with sporadic demand.

Consider a person who organizes gaming tournaments. Over the weekend, they anticipate 50,000 players. It is not economically viable to spin up permanent infrastructure for short-term demand. They can start a rollup on Friday morning, conduct the tournament all weekend, settle final states on Sunday night, then shut down the infrastructure thanks to the ephemeral rollup SDK. When you use it, only pay for what you use.

Vertical-specific optimization is demonstrated via integration displays such as Turbo. In Q3 2023, Turbo, a rollup SDK specifically designed for games, was released. Turbo offers game-optimized defaults rather than requiring game creators to set up general-purpose rollup infrastructure. Typical gambling transaction patterns are handled well right out of the box. Performance is enhanced and configuration load is decreased by the specialization.

RaaS dashboard support for xERC-20 demonstrates adherence to ecosystem standards. A standard for cross-chain tokens that preserve fungibility without the need for wrapped assets is offered by xERC-20. AltLayer added support as rollups began to follow this standard. It is not necessary for developers to figure out bespoke integration while utilizing xERC-20. It simply functions.

In Q2 2023, the fraud-proof system became live on the testnet, providing developers with something that other rollup frameworks do not. It is still uncommon to find working fraud proofs in production. Many hopeful rollups rely on social agreement rather than working fraud-proof procedures. Before the mainnet was deployed, developers were able to verify security assumptions thanks to AltLayer's early delivery of functional fraud proofs.

Another feature that most rivals still promise but fail to provide was made available via the multi-sequencer rollup testnet in Q2 2023. Decentralized sequencing is challenging. Most projects list it on their roadmaps and then put it on hold indefinitely. Before SQUAD's official release, AltLayer launched a testnet so developers could test different decentralized sequencing settings.

Economic security testing was made possible by rollup staking, which became live on the testnet in Q2 2023. In a low-risk setting, developers could comprehend reward distributions, slashing conditions, and staking procedures. Prior to mainnet stakes involving actual value, this testing phase enabled for iteration and exposed edge situations.

The schedule for integration with key ecosystems demonstrates a dedication to meeting developers where they are. The Arbitrum When Orbit was still in its infancy, support for it was introduced in Q2 2023. Numerous Orbit developers were considering their alternatives for infrastructure. Projects that could have selected other options if they had to wait were won by AltLayer because they were prepared early.

The reasoning of Polygon CDK support in Q4 2023 was identical. Developers assessing Polygon's CDK framework need infrastructure that was compatible with it. Restaked rollup support from AltLayer gives CDK developers choices they otherwise wouldn't have. Every each supported stack draws its own development community thanks to the ecosystem interconnections.

The desire to assist ecosystems at even earlier stages is demonstrated by the Sovereign SDK integration in Q3 2023. Rollups with diverse execution contexts outside of EVM are made possible by the Sovereign SDK. By supporting this, AltLayer's addressable market is expanded to include non-EVM developers, a tiny group at the moment but one that might grow significantly in the future.

The quality of the documentation is more important than most projects realize. Documentation quality and developer productivity are directly correlated. Developers must spend hours resolving issues that may be avoided with well-written documentation. They waste time, become irritated, and occasionally stop using the site completely.

Extended documentation may be found in AltLayer's Medium posts that describe new features. Real examples are used instead than abstract statements, and the wording is clear and technical but approachable. The functionality wasn't only announced in the Q4 2023 post that described ZK Fault Proofs. It talked through the ramifications, discussed the issue, and detailed the remedy. Instead than only informing developers, this teaches them.

Another aspect of the developer experience is offered by community support channels. Loyalty is created by responsive teams who really assist developers in resolving issues. Developers are driven to rivals by dismissive or nonexistent assistance. AltLayer's collaborations indicate that their help satisfies the requirements of important projects.

Double Leap Infrastructure that dissatisfied its creators would not be partnered with by Tokyo. Automata, which is supported by Jump Crypto and Binance Labs, has high standards for technical assistance. In order to effectively manage billion-dollar assets, Allo requires infrastructure partners that can react quickly to problems. These collaborations' recurring occurrences indicate that AltLayer provides the kind of assistance that keeps developer connections.

The transition from testnet to mainnet shows consideration for development schedules. The testnet launches of MACH and VITAL matched EigenLayer's own schedule. In order to guarantee that the entire stack is production-ready, mainnet deployment awaits EigenLayer AVS mainnet. By working together, developers are able to avoid constructing on unfinished infrastructure.

Contrast this with initiatives that build mainnets quickly in order to meet milestones for token sales. The "mainnet" is essentially a glorified testnet on which developers construct. Unexpected problems need breaking modifications or create downtime. Developer confidence wanes. Developer stability is given precedence above announcement timing in AltLayer's phased rollout.

The visibility of the roadmap aids developers in their planning. Knowing the VITAL and MACH mainnet objectives for Q2 2024 with OP Stack support enables developers working on OP Stack to schedule their own launches appropriately. Being aware that Q3 2024 introduces Arbitrum Orbit developers can better schedule their work with the aid of Orbit assistance. Coordination among developers is made possible via transparent roadmaps.

Going too slowly puts you at risk. Crypto developer tools are always becoming better. The developer experiences of rivals will be improved. The standards will change. Expectations will increase. Continuous investment is necessary to maintain the developer experience advantage, and this investment must contend with other objectives.

However, the foundation appears solid. Real flexibility is provided by modular architecture. Developers can actually utilize working products now. documentation that is not confusing but rather helpful. assistance that reacts. Integrations with ecosystems that meet developers where they are. Planning is made possible by roadmap openness. Every element adds to the experience that developers value.

Sometimes infrastructure triumphs by simplifying the lives of developers rather than by being technically superior. If it takes weeks to incorporate, the best compression algorithm loses. If the documentation is difficult to understand, the quickest database loses. If developers can't use the most secure rollup framework to create, it loses. AltLayer appears to be aware of this. Execution that continuously improves will determine if that insight converts into market leadership. Early indications, however, point to the possibility that they are creating a product that developers will genuinely want to use. That is frequently sufficient in infrastructure.

#HEMI @Hemi #Hemi $HEMI

In cryptocurrency, there are times when you see something that shouldn't have happened yet. I had the impression that during the DeFi summer, when billions of dollars poured into yield agricultural practices that had not been in place months before. When NFTs blew up and digital art started to trade for millions of dollars, I could feel it. As I observe what is occurring with Bitcoin DeFi, I am experiencing it once more.

Since March, 100,000 Bitcoin holders have transferred their holdings to Hemi. Not to conjecture. not to flip in order to make rapid money. to gain access to financial infrastructure that was previously unavailable for Bitcoin.

In 38 days, a billion dollars in TVL. At launch, 90 protocols were implemented or integrated. the post-mainnet Bitcoin DeFi network with the quickest rate of growth. Although these figures are remarkable, they don't tell the whole picture.

What's really interesting is that Bitcoin can now be programmed. And everything about the next stage of cryptocurrency starts to make sense once you realize what that unleashes.

Allow me to explain the significance of this and why it is occurring now.

For fifteen years, Bitcoin has existed. It rose to become the most commonly held, safest, and trusted cryptocurrency asset on the planet during that period. The market capitalization is $2.50 trillion. a flawless history of security and uptime. the sole digital asset that is as valuable to the general public as gold.

However, despite all of that success, Bitcoin hasn't worked in DeFi. Without wrapping it, you couldn't lend it. Staking it for yield was not an option. If you didn't trust the custodians, you couldn't use it as collateral. Without oracles, it was unable to create apps that react to Bitcoin transactions, which posed serious security threats.

Ethereum took a different course. programmable right away. Turing complete smart contracts. With hundreds of billions of activities, the DeFi ecosystem is rich. However, Ethereum does not have the same security profile or institutional acceptability as Bitcoin.

The idea of combining these ecosystems has been discussed for years. The compromise answer turned out to be wrapped Bitcoin. Your actual Bitcoin would be held by custodians, who would also provide you an Ethereum ERC-20 token. This was effective until bridges were hacked or caretakers failed. These systems received billions of dollars. Then billions were pilfered.

Each vulnerability brought to memory the reasons why Bitcoin owners shunned DeFi. Bitcoin was created to do away with the trust presumptions that wrapping introduced.

The underlying issue remained constant. Bitcoin cannot be changed to make it programmable. Changes to the protocol that jeopardize security or ease of use would never be accepted by the community. Furthermore, without knowledge of the Bitcoin state, it is impossible to construct a strong DeFi. Oracles foster confidence. Trust is introduced by relays. Trust is introduced by custodians.

By creating infrastructure that does not require trust, Hemi was able to resolve this issue. An whole Bitcoin node is embedded within an EVM environment by the Hemi Virtual Machine. Bitcoin data may be directly queried via smart contracts. The UTXO set is visible to them. They are able to confirm transactions. They are able to check balances. All without custodians, relays, or oracles.

An incremental improvement is not what this is. This is a change in category. Bitcoin may now be programmed in its original form without the need for wrappers or middlemen for the first time.

In reality, what does that allow? I'll provide you specific instances.

Bitcoin itself can be used for settlement on a non-custodial Bitcoin exchange. Without assuming custody, the smart contract monitors Bitcoin transactions and arranges exchanges. All the while, users are in charge of their keys. The settlement is atomic. The switch either completes or reverts.

You may create lending protocols that use Bitcoin's blockchain to directly verify BTC as collateral. Not a single wrapped token. The contract examines your Bitcoin balance, makes a loan against it, and uses Bitcoin transaction tracking to confirm repayment. The contract contains a claim against your Bitcoin that may be enforced through a number of methods in the event that you default.

Real Bitcoin may be used to create staking systems that earn yield while securing protocols. not artificial yield via speculation or leverage. organic income from giving apps financial security, just like ETH staking does.

You may create DAOs where confirmed Bitcoin ownership determines the voting weight. Bitcoin is not represented by any tokens. Bitcoin is not held by any custodians. Simply cryptographic evidence that you are in possession of a specific quantity of Bitcoin, granting you the right to proportional government.

Prior to trust assumptions, none of these uses were feasible. People are using them now that they are available.

BitFi introduced a staking solution that allows you to deposit Bitcoin and profit from funding rate arbitrage that is delta-neutral. This is an organic yield that comes from real trade. Since the technique is market neutral, price fluctuation has no impact on returns. By taking advantage of inefficiencies in perpetual funding markets, it is pure alpha.

For Bitcoin yield, Spectra developed fixed rate markets. For institutions, this is crucial since fluctuating rates lead to uncertainty in the balance sheet. What your returns will be the following quarter is unknown to you. That is resolved by fixed rates. By exchanging principle and yield tokens independently, you may lock in a guaranteed return for a predetermined amount of time.

Lending markets for Bitcoin liquid restaking tokens were introduced by ZeroLend. Restaking is an Ethereum feature that allows you to generate more yield and secure more protocols by using staked assets. Hemi has native Bitcoin restaking in its plans. By allowing you to borrow against restaked positions without unstaking, these lending markets enable capital efficiency.

Leverage looping methods were introduced by Gearbox. You borrow more Bitcoin, convert it to more liquid staking tokens, deposit them, deposit more Bitcoin, and so on. Your exposure to the staking yield and price fluctuation is increased with each loop. Without centralized platforms, Bitcoin holders have never had access to this advanced capital efficiency.

River Protocol created the stablecoin satUSD, which is backed by Bitcoin. Posting Bitcoin at a minimum collateralization ratio of 110 percent is how you mint it. Though it is supported by the most reliable collateral in cryptocurrency, this is comparable to DAI on Ethereum. Why is this important? due to the censorship resistance of decentralized stablecoins. You can freeze USDC and USDT. Bitcoin-backed SatUSD in a decentralized network is unable to.

Perpetual futures on Bitcoin and Ethereum with leverage of up to fifty times were introduced by Satori Protocol. Without owning the underlying asset, traders are able to take long or short bets. Fees from trading activity are received by liquidity providers. This enables Bitcoin DeFi to trade derivatives in a capital-efficient manner without the need for centralized exchanges.

Support for safe integrated multisig wallets. The stakes for institutional adoption are these. To authorize transactions, serious treasuries need several signers. For institutions putting Bitcoin funds into DeFi, having it natively available on Hemi eliminates a barrier.

These all stand for financial infrastructure that was not feasible prior to Hemi. With each one, Bitcoin becomes active, producing capital rather than a passive store of wealth.

Tunnels are the infrastructure that makes this possible, and it's important to comprehend why they're safer than bridges.

Bridges use custodians and mint tokens on a different chain to lock your Bitcoin. You have faith that the guardians won't take your Bitcoin. You have faith that they will respect redemptions. History demonstrates that trust is betrayed. Bridge exploits have resulted in the theft of billions.

Verification in Hemi Tunnels is based on evidence. The receiving contract uses the hVM's native Bitcoin visibility to confirm the transaction when you transmit Bitcoin over a tunnel. The contract verifies the transfer after viewing the Bitcoin blockchain. Trust is not necessary. Only cryptographic evidence.

Overcollateralized custodianship is added in the present implementation. Bitcoin-holding entities are required to provide more collateral than they really have. They lose more than they could steal if they misbehave. In addition to cryptographic security, this produces economic security.

This is becoming increasingly more secure, according to the plan. One-of-N security is used in the BitVM2-based tunnel that will deploy later this year. Theft may be contested and stopped by one sincere individual. A majority is not necessary. A threshold is not necessary. It is sufficient for one person to pay attention.

This transfers custody to pure cryptography, the foundation upon which Bitcoin was founded, from trusted parties.

Proof of Proof is the security paradigm that serves as its foundation. Hemi may inherit Bitcoin's security in this way without requiring modifications to the cryptocurrency itself.

Hemi block headers are extracted by PoP miners and included into Bitcoin transactions. Bitcoin verifies those transactions. A Hemi block becomes Superfinal when it has enough Bitcoin confirmations. It would take a 51 percent attack on Bitcoin itself to reorganize that block.

You are not putting your faith in a different group of validators. A multisig is not someone you can trust. The most costly security method ever created, Bitcoin's proof of work, is what you are relying upon.

It's really decentralized here. A PoP miner may be operated by anybody. All you have to do is pay Bitcoin fees and create transactions using Hemi data. By offering protection, you receive HEMI awards. The finality of a block increases with the number of PoP releases.

This mechanism was created by Maxwell Sanchez. The project was co-founded by Jeff Garzik, an early developer of the Bitcoin core. This is not outsiders attempting to develop on Bitcoin without knowing how it works. These individuals contributed to the creation of Bitcoin and are extending it while maintaining its essential principles.

Hemi's support demonstrates a strong institutional commitment. Thirty million was raised, including a fifteen million dollar expansion round from Republic Digital, HyperChain Capital, and YZi Labs, formerly known as Binance Labs. Breyer Capital, Big Brain Holdings, and other investors who put money into infrastructure rather than hype were part of the seed round.

All economic activity is coordinated via the HEMI token. It covers network transaction costs. PoP miners are encouraged to secure the chain. In order to inherit such security, projects are constructing layer threes on Hemi pay in HEMI.

You may take part in decentralized sequencing and gain governance privileges by staking HEMI in the veHEMI system. You may earn fees by giving Tunnels liquidity. Applications that are built on top of Hemi can be given financial stability.

Approximately 9.78 percent of the ten billion units in total quantity were in circulation at launch. Emissions range from 3 to 7% every year. Twenty-eight percent went to strategic partners and investors who contributed distribution and experience in addition to funding.

Tokenomics produces a transparent flywheel. Network activity rises with more apps. PoP incentives and costs rise with increased activity. The demand for HEMI rises with higher payouts. Staking is driven by increased demand. Decentralization is enhanced with more staking. More apps are drawn to better decentralization.

I've been following cryptocurrency long enough to be able to spot fundamental changes. Iterative projects are the norm. minor enhancements to preexisting concepts. improved user experience. reduced costs. quicker transactions.

Hemi doesn't use iteration. It makes feasible things that were before completely impossible. It was not possible to program Bitcoin in a way that minimized trust. It is now. Without custodians, Bitcoin was unable to access DeFi. It can now. Without centralized lenders, Bitcoin could not generate income. It now uses staking and security procedures to produce organic output.

The market is reacting. In 38 days, a billion bucks. 100,000 verified users. 90 protocols were combined. the post-mainnet Bitcoin DeFi network with the quickest rate of growth.

However, what has occurred is not the true opportunity. It's the next step.

Two and a half trillion dollars in capital is represented by Bitcoin. Most of them sit around doing nothing. Not because it isn't trusted. Not because it's worthless. However, the lack of infrastructure made it impossible for Bitcoin to function without jeopardizing its value.

The infrastructure is provided by Hemi. Now, Bitcoin has access to all of Ethereum's financial primitives, including the ability to stake, lend, generate income, and take part in governance. All the while preserving the trust architecture and security assurances of Bitcoin.

I don't believe that capital remains on the sidelines once Bitcoin holders understand that this is feasible. The yield is genuine. The applications are up and running. There is good security.

This has nothing to do with future conjecture. This infrastructure is currently in use. Bitcoin is being staked by users. Bitcoin is being lent by people. Individuals are making money off of their Bitcoin. All without centralized middlemen, wrappers, or custodians.

HEMI is not traded against other layer twos. Bitcoin is being traded from active to idle. Dormant versus productive capital.

A sum of 2.5 trillion dollars is awakening. There is infrastructure. Applications are being delivered. The money is coming in.

Being aware of this change provides you an advantage whether you are investing, creating, or simply watching. Because gradual change is not what follows. It represents a fundamental shift in the capabilities and applications of Bitcoin.

Digital gold is no longer all that Bitcoin is. It is infrastructure that can be programmed. It is capital that bears yield. It serves as the cornerstone of the upcoming decentralized financial revolution.

And the rails that make it possible are Hemi.

The migration has begun. Already, 100,000 individuals have relocated. Already, a billion bucks have been sent.

This is only the start.

#HEMI @Hemi #Hemi $HEMI

I can still recall the first time I was given an explanation of Bitcoin. Digital gold. Limited, safe, and untrustworthy. A store of value that could not be inflated or taken away by the government. It was logical. It felt revolutionary to have an asset with a hard cap in a world where money is created endlessly.

However, this question kept coming up in the back of my mind. Why does Bitcoin just sit there if it's the safest and most reliable cryptocurrency asset? Why does Bitcoin capital earn nothing unless you give it to a centralized lender, yet Ethereum capital may generate return in hundreds of ways?

I was troubled by the question for years. I am currently observing the solution as it develops in real time.

After Hemi's March 2025 debut, more over $1 billion poured into the protocol in a matter of weeks. Not with unsustainable incentives or ponzi schemes. Bitcoin owners were at last able to locate infrastructure that allows their cryptocurrency to function without sacrificing decentralization or security.

Allow me to explain the significance of this and its implications for Bitcoin's future.

In DeFi, Bitcoin has always had a narrative issue. Ethereum was viewed as an outdated, sluggish, and constrained technology. DeFi was viewed by Bitcoin users as careless and unsafe. They were both partly correct.

Bitcoin is extremely safe for value transfers but awful for complicated applications because to its UTXO mechanism and restricted scripting. Bitcoin scripts cannot be used to create a lending protocol, decentralized exchange, or DAO. The wording is purposefully limited in order to avoid errors.

Programmability was resolved by Ethereum, but complexity was added. smart contract vulnerabilities. manipulation of an Oracle database. bridge hacking. DeFi was made possible by the flexibility that also produced attack surfaces that resulted in losses of billions of dollars.

Wrapping Bitcoin was the only way to utilize it in DeFi for years. Your Bitcoin would be held by custodians, who would also issue you an Ethereum token. This was effective until bridges were abused or caretakers failed. Each attack served as a reminder to Bitcoin holders of the reasons they initially avoided DeFi.

It was a structural issue. Bitcoin cannot be changed to make it programmable. Changes that jeopardize simplicity or security would never be accepted by the community. Furthermore, without knowledge of the Bitcoin state, it is impossible to construct a strong DeFi. The goal of decentralization is undermined by the trust assumptions introduced by oracles and relays.

Hemi resolved this by creating a virtual machine-level bridge between Ethereum and Bitcoin. An whole Bitcoin node is included within the Hemi Virtual Machine, an EVM. Bitcoin data may be directly queried via smart contracts. No oracles. No relays. only native access to the blockchain of Bitcoin.

This is truly novel. No other protocol provides smart contracts with direct, middleman-free access to the Bitcoin UTXO set, transaction data, and block headers. That access opens up a whole new category of applications.

Bitcoin itself can be used for settlement on a non-custodial Bitcoin exchange. The smart contract reads the ledger of Bitcoin to confirm ownership. It arranges trades without assuming custody. Atomic transactions that either complete or revert are used for settlement.

On the Bitcoin network, you may create lending markets where BTC is validated as collateral. Not a single wrapped token. No guardians. Your Bitcoin balance is seen by the contract, which then makes loans against it.

Real Bitcoin may be used to create staking systems that earn yield while securing protocols. not artificial yield via speculation or leverage. organic income from offering financial stability, just like ETH staking does.

Without trust presumptions that Bitcoin holders would not accept, none of these uses were previously feasible. They are now in existence, and money is pouring into them more quickly than practically any other protocol launch in recent history.

On the first day, 50 million TVL. In 72 hours, 250 million dollars. In 38 days, more than one billion. Right now, one point two billion. It's a remarkable pace. Only when capital finds actual use rather than merely speculation does that occur.

There were 100,000 confirmed users present. These are actual individuals integrating genuine Bitcoin into Hemi's ecosystem to gain access to hitherto unattainable applications.

Ninety procedures have been integrated or implemented. Redstone, Swell, LayerZero, Pyth, Sushi, and dozens more. These are the main suppliers of DeFi infrastructure. Not every new layer two is integrated with them. Where they observe consistent activity and significant builder commitment, they integrate.

On Hemi, what are people really doing with their Bitcoin? That's the important question.

The most evident use case is staking. Owners of Bitcoin may now earn income by staking their currency instead of sending it to a centralized exchange. The yield is obtained by giving procedures based on Hemi economic security. ETH staking operates in this manner. In order to protect the network and receive compensation, validators invest money. Bitcoin is now able to do the same.

Initiatives such as BitFi provide delta-neutral solutions that use financing rate arbitrage to provide income. They accept Bitcoin deposits, trade on everlasting markets, and give depositors their money back. This is not an inflationary token output; rather, it is an organic return from real trading activity.

Fixed rate markets for Bitcoin yield were developed by Spectra. By segregating primary tokens from yield tokens, you may lock in a guaranteed return for a predetermined amount of time. This type of predictability is necessary for institutions' treasury management. Uncertainty in the balance sheet is caused by variable rates. That is resolved by fixed rates.

Lending marketplaces are opening up where you can deposit Bitcoin as security to borrow other assets or give it to borrowers to earn interest. ZeroLend established marketplaces exclusively for liquid restaking Bitcoin tokens. By using recursive borrowing, Gearbox introduced leverage looping, which allows you to increase your exposure to Bitcoin yields.

Although these are common DeFi primitives, native Bitcoin has never had access to them in a manner that minimizes trust. Using centralized lenders or encapsulating Bitcoin in a custodial token were prerequisites for each prior effort. With the finality of Bitcoin, it now exists.

A stablecoin backed by Bitcoin collateral, satUSD, was created by River Protocol. Posting Bitcoin at a minimum ratio of 110 percent is how you mint it. Although it employs Bitcoin as the reserve asset, this is comparable to DAI on Ethereum. Why is this important? because crypto-collateralized decentralized stablecoins are more resistant to censorship than stablecoins backed by fiat money.

It is possible to freeze or confiscate USDC and USDT. On a decentralized protocol, a stablecoin backed by Bitcoin cannot. That distinction is not theoretical for citizens of nations with capital restrictions or erratic currency. It makes a difference in whether or not steady value is accessible.

Perpetual futures with leverage of up to fifty times were introduced by Satori Protocol. Without owning the underlying asset, traders are able to go long or short on Bitcoin and Ethereum. Fees from trading activity are received by liquidity providers. Bitcoin investors have long desired this type of capital-efficient trading infrastructure, but they were unable to obtain it without centralized platforms.

Support for safe integrated multisig is essential for institutional adoption. To authorize transactions, a significant treasury needs several signers. A significant obstacle for institutions transferring Bitcoin funds into DeFi is eliminated by having that natively enabled on Hemi.

Understanding how tunnels, the infrastructure that makes all of this possible, operate is essential to comprehending why this bridge design is safer than earlier ones.

Bridges create a token on one chain while locking your Bitcoin on another. You have faith that the bridge operators won't take your Bitcoin. When you wish to leave, you may rely on them to respect redemptions. Trust is frequently betrayed, as history demonstrates. Bridges have been robbed of billions.

Hemi Tunnels generate proof-based transfers by utilizing the intrinsic Bitcoin visibility of the hVM. The receiving contract queries the hVM's Bitcoin node to confirm the transaction when you transmit Bitcoin over a tunnel. The contract verifies the transfer after viewing the Bitcoin blockchain. Trust is not necessary.

Overcollateralized custodianship is an extra security layer included in the present implementation. Bitcoin-holding entities are required to provide more collateral than they really have. They lose more than they could gain if they attempt to steal. In addition to cryptographic security, this produces economic security.

This is becoming increasingly safer, according to the plan. One-of-N security is used in the BitVM2-based tunnel that will deploy later this year. Theft may be contested and stopped by one sincere individual. A majority is not necessary. A quorum is not required. It is sufficient for one person to pay attention.

Cryptographic proofs now hold custody of Bitcoin instead of trusted people. Bitcoin was based on that standard. Hemi adds that level to Bitcoin DeFi.

Proof of Proof consensus is the additional piece of infrastructure that enables this to function. Hemi may inherit Bitcoin's security in this way without requiring modifications to the cryptocurrency itself.

Hemi block headers are extracted by PoP miners and included into Bitcoin transactions. Bitcoin verifies those transactions. Attacking Bitcoin itself would be necessary to reorganize a Hemi block after it achieves Superfinality. The proof of work security of Bitcoin is passed down to you in a completely decentralized, permissionless manner.

This mechanism was created by Maxwell Sanchez. The project was co-founded by Jeff Garzik, an early developer of the Bitcoin core. This group isn't speculating on how Bitcoin operates. These are the persons who contributed to the creation of Bitcoin, expanding it without destroying its value.

Hemi's investment serves as another evidence that this infrastructure is significant. Investors such as YZi Labs, formerly known as Binance Labs, contributed $30 million. Republic Digital. Capital HyperChain. Breyer Capital. Big Brain Holdings. These organizations don't make investments in vaporware. They provide funding for execution.

The network's economic activity is coordinated by the HEMI token. Transaction fees are paid by it. PoP miners are encouraged to secure the chain. In order to inherit security, layer three projects pay in HEMI.

You get governance rights by staking HEMI in the veHEMI system. Participation in decentralized sequencing, which establishes transaction ordering, is made possible by it. You may earn fees by giving Tunnels liquidity. Applications might be directly given financial security.

Approximately 9.78 percent of the ten billion units in total quantity were in circulation at launch. To finance expansion, emissions range from 3 to 7% every year. Strategic partners and investors received twenty-eight percent.

A flywheel is produced using tokenomics. Network activity increases with the number of applications. PoP incentives and costs rise with increased activity. The demand for HEMI rises with higher payouts. Staking rises with increased demand. Increased staking enhances security and decentralization. More apps are drawn to better security.

Numerous efforts that attempt to bootstrap network effects have caught my attention. Most fail because they are either reimagining existing solutions or tackling issues that no one has. Hemi stands out because it is addressing the most unresolved issue in cryptocurrency.

How can Bitcoin be made programmable without being wrapped? Without custodians, how can Bitcoin be made available to DeFi? How can the yield for Bitcoin be unlocked without sacrificing its value?

Not altering Bitcoin is the solution. Building infrastructure that anchors security to Bitcoin itself and provides native visibility into the state of Bitcoin is the solution.

The hVM does just that. Proof of Proof makes that possible. Tunnels make it possible.

The increase since the mainnet's debut has been remarkable. In 38 days, a billion bucks. 100,000 users. Ninety procedures. the BTCFi network with the fastest post-mainnet growth.

However, what has occurred is not the true opportunity. It's the next step.

Two and a half trillion dollars in capital is represented by Bitcoin. It is mostly inactive. Not because it isn't trusted. Not because it's worthless. However, there was no safe method to turn it into anything useful.

That equation is altered by Hemi. Bitcoin may now be staked. Bitcoin is now able to lend. Bitcoin is now able to generate income. Bitcoin is now able to take part in government. All without compromising security, wrappers, or caretakers.

I don't think it remains on the sidelines until Bitcoin investors understand that their money may be used without departing from the cryptocurrency's trust paradigm.

This has nothing to do with short-term price changes. This relates to the infrastructure that makes the biggest and most reliable cryptocurrency asset productive.

HEMI is not being traded against other coins. Bitcoin is being traded from active to idle.

And everything in DeFi appears different once two and a half trillion dollars awaken.

Digital gold is no longer all that Bitcoin is. It is capital that can be programmed. It is infrastructure that bears yield. It serves as the cornerstone of the upcoming wave of decentralized finance.

The architecture that enables it is called Hemi.

And that is taking place at this very now.

#traderumour @rumour.app #Traderumour $ALT  

In the crypto world, partnerships usually signify nothing. Nothing significant ever happens despite two projects tweeting at one another and issuing a combined press release. The news creates a momentary excitement and may momentarily push both tokens before fading into the background of forgotten partnerships. This trend has recurred hundreds of times for me. For this reason, AltLayer's collaborations, which were established before the majority of people were aware of the project, are worthy of careful consideration.

These aren't joint marketing initiatives. These are infrastructure integrations with projects that are creating for organizations that require dependability, managing actual assets, and servicing real people.

I'll begin with the one that ought to cause everyone to stop. AltLayer was selected by Allo Protocol to construct their real-world asset rollup. More signal is included in that statement than in whole categories of cryptocurrency partnerships. Allocations, a fund management platform that manages assets worth over $1 billion, functions as an extension of Allo. Go over that again. More over $1 billion.

Conventional financial systems that handle such a large amount of assets don't test out new technologies. They are unable to pay for it. Extremely high standards are required for all infrastructure choices due to regulatory scrutiny, fiduciary obligation, and reputation risk. It says more than any marketing material or influencer endorsement ever could that Allo considered every rollup option available and chose AltLayer.

One of the biggest potential cryptocurrency businesses is RWA tokenization. Infrastructure that is safe, dependable, and scalable is necessary for all tokenized Treasury bills, real estate fractions, and commodities derivatives. Additionally, it must inspire trust from traditional institutions and authorities that are skeptical of or downright hostile toward the majority of crypto infrastructure. With Allo, AltLayer passed that test. The ramifications go much beyond a single partnership.

Now think about Automata. For out-of-protocol computing, they are constructing a modular attestation layer with completely on-chain attestation. Automata selected AltLayer for their Automata 2.0 rollup launch, with support from Jump Crypto and Binance Labs. Attestation may seem technical and dull until you realize how important it is. Every cross-chain bridge, oracle feed, and zero-knowledge proof requires attestation in one way or another. The infrastructure needed to make such attestation flexible and on-chain while preserving speed is just beyond the capabilities of the majority of rollup solutions.

The Automata team had the option of starting their own rollup stack or building upon any existing one. They possess the means, technological know-how, and support to try any strategy. Selecting AltLayer's restaked rollup architecture indicates that the technology outperforms the alternatives in solving actual challenges.

Double Jump Tokyo offers a validation vector that is entirely different. This blockchain game development company has collaborated with Ubisoft, Bandai, and SEGA. These aren't hype-chasing crypto-native gaming firms. These well-known gaming behemoths have decades of intellectual property and sizable user bases. By expanding upon AltLayer, Double Jump is potentially reaching popular gamers who have never used money.

Developers may launch rollups that settle on Oasys, Double Jump's game-dedicated blockchain, thanks to the unique relationship. This establishes a link between the whole Oasys ecosystem and AltLayer's infrastructure. One of the few industries that has demonstrated the capacity to enroll millions of consumers to cryptocurrency apps is gaming. Stepn, Axie Infinity, and others shown the promise. However, they also exposed the shortcomings of the infrastructure. Retention was destroyed by gas prices, network congestion, and subpar user experiences.

Ephemeral rollups from AltLayer address the infrastructure issue. For special events, gaming competitions, or seasonal content, developers can create temporary rollups. Players receive almost instantaneous transactions with little costs. The rollup returns to Layer 1 at the conclusion of the event. This design was viewed by Double Jump as the key to unlocking sustained blockchain gaming. They may be correct based on their past performance.

Cometh supports the game theory with more evidence. Previously, this French gaming firm collaborated with high-end companies like Lacoste and La Française des Jeux. On an AltLayer rollup, they are developing Cosmik Battle with configurable NFT markets and biometric wallets. The hassle of managing private keys that deters regular users is eliminated with biometric wallets. In-game economics are made possible by NFT markets. Infrastructure that can manage transaction volumes that cause normal rollups to falter is required for both.

The collaboration with Injective demonstrates distinct strategic thinking. They run a decentralized orderbook for trading derivatives on a blockchain. With billions of dollars in trade activity every day, DeFi derivatives are one of the biggest cryptocurrency marketplaces. However, the blockchain trilemma is a problem for the majority of derivatives protocols. Performance, security, and decentralization are seldom compatible. To overcome this difficulty, Injective decided to use AltLayer's modular restaked rollup structure.

Economic security is provided via the restaking mechanism, which was taken from Ethereum. Injective is able to optimize for their unique performance needs because to the modular design. Trading experiences that resemble centralized exchange norms are made possible by MACH's quick finality. Through this collaboration, whole new derivatives markets that weren't feasible on slower, more costly infrastructure may become accessible.

Similar DeFi credibility is brought about by Deri Protocol. They make it possible to trade on-chain derivatives using NFT-tokenized positions. Complex trading techniques and risk management are made possible by compatibility with different DeFi protocols. However, infrastructure that numerous protocols can dependably build upon is necessary for composability. Deri appears to think the restaked rollup structure offers that dependable base, as seen by their decision to publish their app-dedicated rollup on AltLayer.

The collaboration with Avive investigates social applications. Using Proof of Network consensus, they are developing a geosocial protocol that emphasizes individual autonomy and ownership of digital identities and personal data. Social apps might be the unicorn of cryptocurrency. Building a decentralized social network is what everyone desires. Because the infrastructure is unable to manage the amount of transactions and user expectations, nearly everyone fails.

AltLayer, according to Avive, resolves this. Infrastructure that can handle enormous volumes of location data, social graph updates, and identity attestations without becoming unnecessarily costly or sluggish is necessary for their Sovereign Footprint idea. The network effects of AltLayer's technology might outweigh all other factors combined if it makes even one social protocol effective.

Nevertheless, EigenLayer itself may be the most strategically significant alliance. EigenLayer's restaking method served as the foundation for AltLayer's whole restaked rollup system. This integration is not superficial. It's a basic design decision that links EigenLayer's performance to AltLayer's success. Although EigenLayer is one of the most important developments in the Ethereum ecosystem since the merger, that degree of dependence might be dangerous.

Restaking enables validators to secure more protocols using Actively Validated Services by using their staked Ethereum. Without the need for new protocols to build their own validator sets from zero, this generates economic security. Restaking resolves the cold start issue for rollups. Instead of trying to create it over months or years, new rollups may debut with real economic stability right now.

AltLayer and EigenLayer are at the core of what may end up becoming standard infrastructure for Ethereum's rollup-centric future thanks to their partnership. The need for simple security bootstrapping is growing as more rollups go live. That simple route is offered by VITAL, MACH, and SQUAD. Naturally, AltLayer is taken into account in projects that build upon EigenLayer. EigenLayer readily integrates with AltLayer-based projects. Both ecosystems may accelerate as a result of the reciprocal reinforcing.

The collaboration with RISC Zero opens up new possibilities. A general-purpose zero-knowledge computation framework called zkVM is built by RISC Zero. They are working with AltLayer to create ZK Fault Proofs, a novel kind of fraud proof that has the potential to significantly increase optimistic rollup security and finality. Business development is not the goal of our partnership. It concerns basic research that has the potential to improve the rollup ecosystem as a whole.

When examining these collaborations, a trend becomes apparent. AltLayer isn't looking for collaborations to make announcements. The projects they are integrating with have actual users, assets, and technical needs that their infrastructure can meet. studios that produce video games for a general audience. DeFi protocols with volumes in the billions. RWA systems using conventional financial resources. infrastructure suppliers with the support of elite investors.

Every collaboration verifies a distinct facet of the technology. Partnerships in gaming demonstrate cost effectiveness and transaction throughput. DeFi collaborations demonstrate dependability and speed. RWA collaborations demonstrate institutional legitimacy and security. Infrastructure partnerships demonstrate interoperability and modularity. When taken as a whole, they depict really adaptable infrastructure rather than a problem-solving approach.

This collaboration approach is accelerating, according to the plan. Support for more rollup stacks increases the number of possible partners. Additional deployment possibilities are created by integration with different data availability layers. Beyond ephemeral rollups, production use cases are made possible by the mainnet releases of VITAL, MACH, and SQUAD. Every expansion increases the number of potential alliances and ecosystem development.

Contrast AltLayer's strategy with those of other crypto startups. Most make bold announcements of collaborations in an effort to establish credibility by affiliation. After developing functional technology and putting it into production, AltLayer drew in partners that need their products. The disparity in maturity is reflected in the different approaches.

Marketing promises are not the basis for partnerships with projects like Allo managing billion-dollar platforms. They collaborate on practical technology that addresses actual issues. It appears that the technology talks louder than any announcement, since AltLayer was able to secure these collaborations prior to the token's introduction.

Partnerships that no one discusses can occasionally be more significant than those that are discussed by everyone. There are no influencer partnerships or celebrity endorsements on AltLayer's list of partnerships. It consists of organizations, studios, and protocols that stake their user bases and reputations on the infrastructure performing as promised. That's affirmation that must be earned; it cannot be purchased. Earned validation is still extremely uncommon in the cryptocurrency space.