Ethereum will have an important upgrade probably in October, called the Cancun upgrade.

This upgrade is good news for the Ethereum second-layer network and will make the second-layer network faster and cheaper. It is also good for projects on Ethereum L2. Projects on the second-layer Ethereum network will also benefit from this.

In addition, there is a recent piece of information that op31 may airdrop addresses that previously participated in Odyssey, which will bring a certain amount of popularity and funds to the op blockchain.

I believe everyone should have noticed the Odyssey project pika in the OP ecosystem project. It is Optimism's decentralized leveraged exchange.

pika @PikaProtocol has been working on products on the OP blockchain for the past two years. The project did not choose to obtain financing first. Instead, it chose to work quietly on the product for two years.

During this time, the pika project has updated its roadmap and IDO's participation methods. pika adopts Fair launch, a fair fundraising method without venture capital or private investors. Anyone who is optimistic about the project’s prospects can participate.

Although we haven’t seen too many KOLs promoting this matter, it has already raised more than 4,000 ETH. We have to admire that Pika is worthy of being OP’s native project.

$PIKA is a utility token that can be staked to receive trading fees and discounts. It is also the future gas token of the pika chain.

$esPIKA is a non-transferable token that can be vested for 1 year to unlock PIKA.

Let's take a brief look at the Pika project. Pika Protocol is Optimism's decentralized leveraged trading. It is also a project in the previous OP Odyssey.

The project aims to become a top decentralized exchange with a user experience comparable to that of centralized exchanges.

The project recently updated its roadmap. Pika V4 will be launched in early June, supporting more than 40 trading pairs, as well as enhanced opening and closing functions.

Staking for PIKA went live in June, with the release of Pika v4.

Another important milestone is the launch of Pika Chain and Pika V5. Pika Chain is a layer 3 application chain built on OP Stack and aims to improve the user experience of derivative DEX by solving problems such as high gas fees and latency.

An NFT Perp exchange will also be launched at the end of this year. The Pika NFT perpetual contract allows NFT holders to hedge risks without selling the NFT. Retail investors can also purchase 1/100th worth of NFT through perp.