The four-week average of initial jobless claims in the U.S. for the week ending July 12.

#300天打卡活动# #DeGate# After 54 days, the total Holdings of DG was 10131.

Looking back at the entrepreneurial journey in the crypto world, I can't help but feel a surge of emotions. Since the era of Bihu, I have witnessed the Gulu team's nearly 8 years of entrepreneurial history. Their journey began with MYKEY, explored the Orderbook second-layer protocol, and now focuses on the development of a pure Swap DEX. In this long journey, countless projects have come and gone, bull and bear markets have alternated, and many have given up halfway. This experience of long-term participation is akin to being involved in an angel round investment in a company, with unpredictable results. Looking at the current landscape of the Swap track, Uniswap ranks first with a valuation of $5.6 billion, followed closely by Jupiter at $1.4 billion, and PancakeSwap maintaining a market value of $800 million. In contrast, DG remains relatively unknown, with a market value of only $50 million and relatively insufficient liquidity. Most people are still unaware of its utility. However, although DG is in its early stages, it harbors ambitious goals—to connect the three public chains of BSC, ETH, and Solana, and build a pure intermediary light asset Swap platform for cross-chain consensus. The success of this model, which does not rely on self-owned liquidity and completely depends on third-party matchmaking, still remains uncertain. However, if DG can really establish a foothold in the DEX ecosystem of these three mainstream public chains, a market value of $1 billion may just be the starting point, and a valuation of $10 billion is also not out of reach. Currently, DG's product form is still relatively basic, and the contract design is relatively simple. Perhaps we can give it another five years to prove itself? Will the Gulu team’s innovation this time be the key breakthrough of "coming late but not willing to fall behind"? Can DG stand out in the fierce competition and become a new star in the cross-chain DEX field? Let us wait and see.

It's quite emotional to talk about it. I started following Gulu's entrepreneurship from the Bihu era, from the initial MYKEY to the later Orderbook layer 2 protocol, and now to the pure Swap DEX. It's been almost 8 years since then. From holding KEY to now having DG, I have changed so many projects and experienced so many bull and bear markets that I can no longer remember. Many people have left along the way, which is normal. After all, the feeling of running alongside is like investing in a company's Angel Round, and the outcome is uncertain. Looking at the current landscape of the Swap track: Uniswap is valued at 5.6 billion USD, Jupiter has reached 1.4 billion, and Pancake is still holding a market capitalization of 800 million. And DG? Currently still unknown, with a market capitalization of only 50 million dollars (liquidity is also relatively poor), most people don't know what this is about. But it is worth noting that although DG is still in its early stages, its goals are quite ambitious – aiming to connect the BSC, ETH, and Solana chains simultaneously, wanting to build a pure intermediary light asset Swap platform with a three-chain consensus. Without built-in liquidity and relying entirely on third-party matching, it’s hard to say whether this model can succeed. However, if it can truly penetrate the DEX ecosystem of these three chains, to be honest, don’t even mention a market cap of 1 billion; a hundred billion is not a pipe dream. Perhaps DG is still too early now, and the product form is quite "rough", and the contract design is also relatively simple. Maybe we should wait for another five years? What do you think, does it still have a chance? Will this wave from Gulu be an "arrival that is not absent" explosion?

A Web3 social platform has completed a $2 million funding round and will launch an invitation-only beta version in December, aimed at providing secure, decentralized instant messaging services, highlighting user privacy and engagement, innovating communication methods, and enhancing user trust.

A new emerging Web3 social platform has secured $2 million in funding and will launch its beta version on December 2, featuring end-to-end encryption and direct Wallet communication, reshaping user privacy and security experience. The platform emphasizes Decentralization and community participation, allowing users to earn points through interactions and optimizing user experience to meet needs.