Decentralized Finance Biweekly Overview: Uniswap Launches Unichain, Scroll Lists on Binance, Sui Native USDC Goes Live

Decentralized Finance行业双周观察

Uniswap Launches New Layer 2 Network Unichain

Uniswap Labs has built a Layer 2 network called Unichain based on Optimism's OP Stack technology. The Unichain testnet is scheduled to launch on October 10, with the mainnet set to be released by the end of the year.

Unichain has introduced a trusted execution environment ( TEE ) technology developed in collaboration with Flashbots. Through TEE, the block construction time can be shortened to 200-250 milliseconds, significantly surpassing the speed of the Ethereum mainnet and other Layer 2 networks.

Uniswap launches Unichain, an L2 network based on Optimism|Snap DeFi Biweekly Report October (

Scroll launched on Binance Launchpool

Scroll is an Ethereum Layer 2 solution that uses zkRollup technology to enhance the scalability of Ethereum through zero-knowledge proofs. The core technological breakthrough of Scroll lies in zkEVM and hardware acceleration.

The functionalities of the Scroll token SCR include:

  1. Governance: Holders can vote on the development of the protocol.
  2. Future Use: Token for validators and sorters, used for multi-chain innovation coordination, staking, etc.

Issuance data:

  • Total Supply: 1 billion SCR
  • Initial circulating supply: 190 million SCR
  • Binance Launchpool Allocation: 55 million SCR
  • Airdrop Allocation: 15% of Total Supply

Native USDC Launches on Sui

Native USDC has now been launched on the Sui mainnet, allowing developers and users to access it directly without the need for a cross-chain bridge. Circle Mint and Circle API fully support USDC on Sui, making it easier for users to obtain USDC liquidity.

Sui is the first blockchain to support native USDC based on the Move programming language. As of October 2024, the Sui ecosystem has covered over 85 applications in fields such as Decentralized Finance, gaming, and more.

US Court Denies Approval to Sell Silk Road Bitcoins

Recently, there have been rumors that "the U.S. Supreme Court approved the sale of 69,370 Bitcoins seized from Silk Road," which led to a drop in Bitcoin prices. In fact, the Supreme Court only dismissed Battle Born Investments' lawsuit regarding ownership of these Bitcoins, confirming that the Bitcoins still belong to the U.S. government and did not approve their sale.

Considering the upcoming US elections, current officials may sell these bitcoins before the election. But this is merely speculation, and there is no need to panic at this time.

Overview of Sui Ecosystem DeFi Projects

The Sui ecosystem is currently strong in the areas of Decentralized Finance and Meme-related projects. The main DeFi projects include:

Lending Agreement:

  • Navi Protocol: Highest TVL, over 350 million USD
  • Suilend Protocol: Developed by the Solend team on Solana
  • Scallop Protocol: TVL exceeds 150 million USD

DEX:

  • Cetus Protocol: the DEX with the highest trading volume and TVL
  • Turbos Finance: Supports a large number of meme token transactions
  • DeepBook: Adopts an efficient shared object pool structure

Other Decentralized Finance projects:

  • Bucket Protocol: Decentralized stablecoin project
  • Bluefin: The number one derivatives trading platform
  • Typus Finance: Derivatives Infrastructure

Uniswap launches Optimism-based L2 network Unichain|Snap DeFi Biweekly Report October ( on

Pyth and Uniswap Collaboration

Uniswap announced that its newly developed Unichain will choose Pyth Network as its real-time data service provider. Pyth Network will provide Unichain with over 500 real-time price data sources, updating every 400 milliseconds.

Aptos set a new record for L1 chain transaction volume in the second quarter.

Messari's Aptos Q2 report shows:

  • The average daily trading volume increased by 474%, reaching 4.4 million transactions.
  • DeFi TVL increased by 123% quarter-over-quarter, reaching 75 million APT
  • DEX daily trading volume increased by 189%, reaching 30 million USD

Binance Labs invests in ZKsync "Elastic Chain" Sophon

Sophon is a flexible chain based on ZKsync, built as a second-layer network using Matter Labs' modular open-source framework. Sophon focuses on entertainment applications such as gaming, social, and AI, with the mainnet expected to launch next month.

The investment director of Binance Labs stated that Sophon has great potential in the entertainment and AI fields.

Decentralized Finance Data Overview

  • Sui blockchain TVL ranking enters the top ten
  • The total market cap of stablecoins is $172.818 billion, with USDT accounting for 69.26%.
  • DEX trading volume: Uniswap and PancakeSwap lead, Cetus grows 64.20%

Uniswap launches the Optimism-based L2 network Unichain|Snap DeFi Biweekly Report October (

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MetaRecktvip
· 21h ago
The new hype of Layer2 is here.
View OriginalReply0
BearMarketMonkvip
· 21h ago
Speed does not equal security.
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BearMarketSurvivorvip
· 21h ago
Funds have been transferred to L2.
View OriginalReply0
PensionDestroyervip
· 21h ago
The L2 army is unstoppable.
View OriginalReply0
PoolJumpervip
· 21h ago
Layer2 is quite competitive.
View OriginalReply0
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