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SocialFi ecological express, know the hot news early. In the last week of July, we conducted a centralized review of the recent key developments in the SocialFi ecosystem, so that everyone can collectively perceive and understand the latest developments in the SocialFi sector.

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Twitter has been reinvented, its logo has been changed, and it has implemented a limit-viewing policy. Since Elon Musk took over, Twitter has been experiencing a wave of explosive development. Immediately afterwards, Zuckerberg immediately launched Threads, a new application targeting Twitter, and the entire social circle, from Web2 to Web3, was unprecedentedly lively.

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Since the introduction of the current limit policy, the crypto community that has been gathering on Twitter all year round has experienced a restricted and declining overall traffic. There are calls for finding new interaction and communication positions. The industry seems to have never been in such urgent need of its own Web3 social applications as it is today. Releap Protocol completes $2.1 million in financing

The next halving of Bitcoin block rewards will occur around April 8, 2024. Historically, halvings have triggered three strikingly similar cycles. In this article, we’ll break down the past three Bitcoin cycles and predict the next one.

Topics we explore include:

What are the driving forces behind Bitcoin cycles?

Operational and network KPIs for the first 3 cycles

Price trend in the previous 3 periods

Predict the next cycle

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The driving force behind the Bitcoin cycle

The Bitcoin block reward is halved every 210,000 blocks. On a time scale, halvings occur approximately every 4 years. It marks a change in Bitcoin’s monetary policy, with a 50% reduction in block rewards (network inflation) paid to miners.

As a U.S. federal judge ruled that XRP does not qualify as a security when sold to retail investors, Ripple ushered in a brief victory in its battle with the U.S. SEC. Affected by this news, the encryption market gradually recovered, and BTC went all the way up, hitting the 31,000 mark. . The market has recovered, and many friends have expressed their expectations for the coming of the bull market.

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Today, we have summarized 12 "potential stocks" that are worth ambushing in the bear market and may hit the front line in the next bull market. Let's take a look. 1.zkLink

zkLink is a transaction-centric multi-chain middleware based on ZK-Rollup technology. Its biggest feature is that it can connect multiple Layer1 and Layer2 blockchains and aggregate liquidity in different ecosystems, making it possible to trade and combine native DeFi assets on different chains. It implements multi-chain functions and extensions to the classic ZK-Rollup through the mechanism of "ZK-Rollup + Oracle Network". In the current situation where regulatory issues continue to plague mainstream exchanges, with uncertain trends and hidden crises, the industry’s idea of ​​realizing “decentralized Binance” through decentralized order book exchanges has become possible. Each solution makes everything possible by improving users' trading experience by providing a high-performance and secure trading environment. 2. DackieSwapDackieSwap is the first native DEX on the Coinbase incubation chain Base. Its main feature is StableSwap, which is a fork of the Curve Finance protocol and provides users with the most optimized trading path. DackieSwap has attracted a large number of users in the past 30 days, with liquidity reaching $730 million and trading volume reaching $42 million.

After experiencing the Meme and BRC20 craze, the crypto market became calm and quiet in the second half of May. This kind of quietness is like a cooling-off period after the hustle and bustle, and it also seems like the next wave of energy is brewing.

Looking forward to the market outlook, as the key narrative of the DeFi ecosystem and the next community hot spot, SocialFi has always had high hopes. In fact, as early as 2017, there were blockchain + social projects such as Steem, YeeCall, GSC, NRC, SwagChain, and TTC Protocol. To this day, projects such as Mirror, Audius, RSS3, Mask Network, and Lens are the main ones. , represents the exploration of entrepreneurs and communities into the current SocialFi and Web3 ecology. So, what is the current ecological status of SocialFi, and where will the next trend be?

In the past period of time, the AI ​​wave represented by ChatGPT has taken away almost everyone's attention, while the encryption world has maintained a certain degree of popularity relying on a few hot content. After the AI ​​craze, where will the world’s attention focus again? In the Web3 world, there is one track that is still widely favored by everyone, and that is SocialFi.

Regarding traditional social media, after acquiring Twitter, this social platform does not seem to be developing in the direction expected by the public, and has even shown to be more "centralized". For example, Musk previously ordered Twitter to modify its algorithm and required that its tweets be The priority was increased 1000 times, which attracted criticism and controversy.

Cancun Upgrade – An upgrade that will directly benefit Layer2 (L2) tokens is coming.

What benefits will the Cancun upgrade bring and how will it affect L2s?

In short, the Cancun upgrade will make L2 10-100 times faster and cheaper.

Some people may ask, how is this possible?

Basically, L2 needs to submit L2 txs to L1 (Ethereum) to achieve the same level of security as L1.

Before the Cancun upgrade, L2 txs were stored in Calldata of L1 txs. But this approach is expensive and Calldata has limited space.

Earlier this year, Twitter abruptly shut down third-party apps. A few weeks later, it eliminated free API access, and its cheapest plan now costs $42,000 per month.

Now, most users have adapted to this reality. Our most important social media apps, from Facebook and TikTok to WeChat and Grab, are centralized platforms. While these platforms are often docile, they occasionally exercise power in capricious ways that highlight centralized authority, such as censoring and banning users based on vague content policies or arbitrarily elevating the status of certain users.

In the past quarter, the encryption market has experienced both ice and fire. The market's early bearish streak caused many people to be unfavorable about the market in 2023. However, the market has outperformed expectations. On one hand, it showed rapid rotation of sectors and hot spots. On the other hand, under the panic of global capital points, Bitcoin and Ethereum experienced sharp rises, and ARB's blockbuster airdrop ignited community sentiment.

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The crypto market in April is entering a new hot explosive period, with Shanghai upgrading, Hong Kong entering the exhibition week, ARB ecology, Shibarium second layer, SocialFi, OP ecology... hot trends are constantly happening, and the momentum of sector rotation is still there , let me sort out and analyze it below.

Last week, the ARB airdrop swept the entire network, and participants earned an average of about 2,350 US dollars. Many people participated with multiple accounts and received huge rewards, which is really eye-catching.

The popularity of ARB airdrops is setting off a new round of airdrop craze. Next, there will be popular airdrops such as zkSync and LayerZero, and the market is full of expectations. Of course, in addition to this, in the SocialFi ecosystem, there are also popular airdrops such as Lens Protocol. Today, we will sort out the potential airdrops in the SocialFi ecosystem that cannot be missed.

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Lens Protocol

Lens Protocol is a social protocol for the Web3 world. It unifies your profile, audience, and content on all Lens-enabled applications. The Lens ecosystem already has hundreds of application projects under development or completed. Lens uses NFT as the core element. Users can hold their own profile NFT (Profile NFT) through the wallet to publish content and confirm rights.

WAX Overview

The full name of WAX public chain is Worldwide Asset eXchange. Its main network was officially launched in June 2019 and is based on EOS transformation. WAX continued its layout in 2019, accumulated experience in 2020, and made steady progress in 2021. In 2022, it will rank among the top five NFT public chains. The most popular chain games in 2021, such as Alien Worlds and Farmers World, are basically on WAX. As of now, according to official block explorer data, there are a total of 14,261,416 WAX wallet accounts; the circulating market value is 270 million US dollars. In late January 2022, the total number of NFT transactions on WAX reached US$366 million, becoming the fifth largest NFT at that time after ETH (18.9 billion), Ronin (3.89 billion), Solnan (1.01 billion), and FLOW (873 million). Star public chain.

On March 5, Musk, the world’s richest man, said in a tweet, “I used to be fascinated by cryptocurrency, but now I am very interested in AI.” After this tweet was issued, the crypto market fell. Yesterday I was Xiao Tiantian, but today I am Mrs. Niu?

In the past two days, the well-known crypto-friendly bank Silvergate encountered unexpected situations and announced that it would postpone the submission of its 2022 financial report and is evaluating its ability to continue operating. Sources suggest Silvergate may face an investigation by banking regulators. Subsequently, a large number of encryption companies, including Coinbase, Circle, Tether, etc., have severed ties with it.

After experiencing the low-density market in the past year, the ever-talking encryption ecosystem is slowly recovering amidst the bumps.

After the beginning of 2023, the market showed an obvious trend of sector rotation. First, the popularity of the halving theme led the rise, LTC, DASH, etc. received attention, then the popularity of Layer2 ecology and LSD ecology surged; then Chunjiang Plumbing, AI The sector exploded, with AGIX and FET rising by more than 500% at one point.

By mid-to-late February, a new encryption policy directly put Hong Kong on the topic list, and Hong Kong-themed projects such as ACH, CFX, and COCOS experienced a collective surge. Recently, the popularity of OP ecology has increased, and Arbitrum ecology has become popular. After the whirlwind of successive sector rotations, SocialFi has been talked about recently and is considered by the market to be the next potential sector to take over. Today we will take stock of potential projects in the SocialFi sector.