Original author: Jonathan King

Original source: Coinbase

Original title: Understanding the EigenLayer AVS Landscape

Compiled by: Echo, Mars Finance

Summary:

EigenLayer* is a protocol built on Ethereum that introduces restaking, a new primitive in cryptoeconomic security that has become the dominant narrative in the Ethereum community.

Through EigenLayer re-staking, developers can leverage Ethereum’s existing economic security infrastructure (i.e. validator sets and staked ETH) to bootstrap new Active Validation Services (AVS).

Original article by: Mike Giampapa

Original source: Galaxy

Original title: The Future of Payments

Compiled by: Luffy, Foresight News

Payments were the primary use case highlighted in the 2008 Bitcoin whitepaper. Over the past few years, blockchain-based payments have become increasingly viable and popular compared to traditional payment methods. Billions of dollars have been invested in developing the underlying blockchain infrastructure over the past decade, and now we have a system that can achieve "payments at scale."

The cost and performance curve of blockchain is in line with "Moore's Law". In the past few years, the cost of storing data on the blockchain has dropped by several orders of magnitude. After Ethereum's Dencun upgrade (EIP-4844), the average cost per transaction of Layer 2 networks such as Arbitrum and Optimism has also dropped to $0.01, and the transaction cost of alternative Layer 1 is close to a few cents.

Original author: MIDAS CAPITAL

Original source: Substack

Original title: Understanding the Meta-game.

Compiled by: TechFlow, Shenchao

The concept of the meta-game is one of the more esoteric concepts in crypto, and it has neither a concrete definition nor a fixed structure. It is one of those things where “those who know it know it.” However, once you see it, it is hard to unsee it. In today’s post, I will try to unpack my thoughts on it, and hopefully readers will have a clearer understanding of the meta-game and how to think about it.

Original article by Ryan Celaj

Original source: DLNews

原文标题:Active users on Arbitrum leapfrog Solana despite declining ARB token value

Compiled by: Lucy, BlockBeats

Editor’s Note:

After the Dencun upgrade, the transaction costs on Ethereum's second-layer blockchain have been reduced by up to 99%. Among them, Arbitrum's daily active users and total transaction volume reached a new high on Monday, surpassing Solana. However, the total value of crypto assets on Arbitrum, transaction volume and coin prices are all falling. DLNews reporter Ryan Celaj conducted a data analysis on this, and BlockBeats translated the original text as follows:

Original author: @web3_mario

Original source: Deep Tide

Introduction: Vitalik released the EIP-7706 proposal on May 13, 2024, proposing a supplementary solution to the existing Gas model, separating the gas calculation of calldata, and customizing a base fee pricing mechanism similar to Blob gas to further reduce the operating cost of L2. The related proposals need to be traced back to EIP-4844 proposed in February 2022, which is a long time ago. Therefore, I have consulted relevant materials and hope to make a summary of the latest Ethereum Gas mechanism for everyone to quickly understand.

Currently supported Ethereum Gas models — EIP-1559 and EIP-4844

Original author: Weilin

Original source: PANews

In the past two days, Paulo Ardoino, CEO of Tether, and Brad Garlinghouse, CEO of Ripple, have been involved in a "war of words" for several days. Garlinghouse pointed out that the next regulatory hammer of the US SEC will fall on Tether, which was immediately denied by Ardoino.

In fact, the current regulatory environment in the United States is imposing more compliance requirements on stablecoin issuers. On April 17 this year, two U.S. congressmen proposed the Lummis-Gillibrand Payment Stablecoin Act, marking the latest stablecoin legislation and regulatory trends. In this regard, international credit rating agency S&P Global Ratings pointed out at the end of last month that if the latest stablecoin bill proposed by the U.S. Senate is passed, it may drive banks to get involved in the stablecoin market and weaken Tether's dominance.

Original source: ANAGRAM

Original title: Bring ICO's Back: Distributed Token Launches (DTL's)

Compiled by: TechFlow, DeepChao

VCs never innovated in funding structures, they just found ways to invest in companies earlier than before. Don’t get me wrong, VCs injecting capital into early-stage technologies has undoubtedly accelerated innovation, but it has come at the expense of the communities that the products serve.

Cryptocurrency itself is a technology with novel properties: permissionlessness, composability, and decentralization. These new properties bring new opportunities for support of self-funding technologies. As new technologies and new needs emerge, creative thinking about capital formation is occurring for the first time since IPOs.

Original author: DC is greater than C

Original source: twitter

Note: This article comes from @DL_W59 Twitter, and Mars Finance compiled it as follows:

Public chain: Layer 1/Layer 2

Regarding this track, many friends left comments above asking if there are any recommendations for good#L1targets? You can read below.

The data in the above content shows that among the projects opened on Binance since March 2023, L1 is the track with the largest increase and the most projects, except for meme. For example, #sei, #sui, #tia, #ntrn, etc. After opening Binance and returning to value, when#btcrises, these all usher in a sharp increase.

Original author: Eric SJ

Original source: twitter

Note: This article comes from @sjbtc9 Twitter, and Mars Finance compiled it as follows:

1. Let’s define NOT first. The meme attribute is definitely greater than the game attribute. There is not even any shadow of the game. To be more precise, it can be defined as the track of [mobile phone mining]

The user base of this track is really huge. The famous project that has not been launched yet is #PINetwork. The most famous project in the secondary market is #CORE.

2. It’s understandable that the exchange is not listed, but it’s a bit surprising that the new coin mining of OKX, which is also listed on Binance, is a bit surprising. I remember that the last one like this was ACE.

Original author: cryptoHowe.eth

Original source: twitter

Note: This article comes from @weihaoming Twitter, and Mars Finance compiled it as follows:

Today I am here to discuss this with @Dacongfred, and by the way, I will look at these issues from the perspective of the graph relationship that I have recently realized, haha

For more information about graph relationships, please see this tweet of mine:

https://x.com/weihaoming/status/1788573195265867797

At this stage, the chain narrative or the narrative of mass adoption shows that they are all doing the same thing - packaging various complex underlying operations layer by layer like an onion into something that is simple and easy to use for users.

Original author: Joyce

Original source: BlockBeats

The current US President Biden and former President Trump have completely different attitudes towards the crypto industry, making the ongoing election a concern for the crypto community in the past two weeks. Over the past two weeks, the community has gone from excitedly watching the excitement to quarreling over voting for Trump, and then to discussing the topic of "cryptocurrency and politics". Participants include founders of well-known projects, research institutions and even senior media people.

It has to be said that Trump's pro-crypto move has given the community enough "emotional value". In recent days, Trump's eponymous meme coin TRUMP, which has been sideways for two months, has risen sharply, with the highest increase of 140%. In the end, buying $TRUMP/$tremp directly may be a more appropriate response for the crypto community.

Original author: Pdog

Original source: twitter

Note: This article comes from @Pdog_irl’s Twitter account, and is compiled by Mars Finance as follows:

It is not difficult for the ETH ecosystem to innovate at the application level, but most development teams have done too many things at the protocol layer. To use an inappropriate metaphor, an economy is full of economists, but lacks entrepreneurs and businessmen who can serve as the backbone.

Many teams have never spent time thinking about new ways of playing. In 2024, they are still using new shells to cover the outdated things from the 2021 DeFi Summer. In the end, they found that their products have no users, and they are still scolding their user base for being poor.

Original author: Riyue Xiaochu

Original source: twitter

Note: This article comes from @riyuexiaochu Twitter, and Mars Finance compiled it as follows:

In a hellish market, I think this is the easiest way to get rich quickly

These days, everyone has realized that making money is extremely difficult, almost harder than climbing to the sky.

Yes, predicting market trends has become hellish. But I have bad news for you: it will continue to be hellish.

Why is the future always hell?

The reason for this phenomenon is that various roles have joined, causing the long-short game to become more and more complicated. Since the establishment of BTC, various roles have continued to join. In the past two years, funds from US stock ETFs, funds from listed companies, national reserve funds, etc. And behind the US stock ETFs themselves are a large number of different institutions and funds in the US stock market.

Original author: Fred Scallion

Original source: twitter

Note: This article comes from @Dacongfred’s Twitter account, and is compiled by Mars Finance as follows:

1. The blockchain battlefield has never stopped from Layer 1 to Layer 2

Since the birth of Bitcoin, the development of blockchain has evolved from Bitcoin, Ethereum, Solana, various Ethereum Layer2s (Arbitrum, OP, and ZK), Aptos, Sui, and then to Bitcoin Layer 2. It can be said that many players are vying for supremacy, and each chain hopes to compete for user attention and Dapp deployment.

On the one hand, from the perspective of Dapp, if you want to attract traffic, the general route is to first bind to an ecosystem and then deploy multiple chains. Especially for EVM-compatible projects, the cost of multi-chain deployment is very low, resulting in relatively low loyalty to the chain.

Original author: How to

Original source: Odaily Planet Daily

Recently, the TON ecosystem has been developing rapidly, and the ecosystem TVL has increased by more than 70% this month, reaching 260 million US dollars. However, the rapid development of TON has also attracted the attention of phishing groups. Previously, community members disclosed that there was an extra "beautiful number" (888 0505 0707) NFT in their TON wallets, but many community members found that the transfer fee of the NFT was as high as 1 Toncoin (normally 0.02 Toncoin), and after the transfer, the NFT will appear in your wallet again.

Original author: Justin Bons, founder of Cyber ​​Capital

Original source: twitter

Compiled by: Felix, PANews

Editor's note: On May 3, Cyber ​​Capital founder Justin Bons published an article on the X platform, accusing SUI of being too centralized in its token economics, with more than 8 billion SUIs staked and more than 84% of the staked supply held by the founders, without any lock-up period or legal guarantees. Recently, Justin Bons published another article, giving a "neutral" interpretation of the NEAR protocol, mainly including its sharding model and governance mechanism. The following is the full text:

NEAR can scale to meet demand through sharding. There are now 6 shards delegated to 467 permissionless validators. NEAR is committed to stateless validation and dynamic load balancing. ETH and SOL better stay alert, otherwise NEAR will eat up their market share.

Original title: Macro Thoughts: Not All Doom and Gloom

Original author: JieXuan Chua, Binance Research

Original source: binance

Translated by: Kate, Mars Finance

Key Takeaways

•In the first edition of our “Macro Thinking” series, we examined the issues associated with stagflation and its impact on growth assets such as cryptocurrencies.

• While there are signs of slowing economic growth and persistent inflation, we believe concerns about stagflation may be exaggerated given strong domestic demand and slowing wage growth.

•There is a non-zero chance that interest rates will rise this year or that the Federal Reserve will not cut them, but these scenarios appear unlikely.

原文标题：'What Are We Waiting for'? SEC Commissioner Hester Peirce Discusses Moving Crypto Regulation Forward

Original author: Daniel Kuhn is deputy editor-in-chief of Consensus magazine

Original source: coindesk

Compiled by: Debuy, Wu Talks Blockchain

Hester Peirce, known as "Crypto Mom" ​​for her fiery dissents, discusses how the SEC works, why she wants to see cryptocurrencies flourish, and how her "safe harbor" proposal would allow projects to decentralize.

The SEC is not a monolithic agency. Hester Peirce, aka Crypto Mom, is currently serving her second term as one of the five regulatory commissioners. Over the past few years, Peirce has become known as a defender of cryptocurrencies and blockchain technology — she has written numerous dissenting opinions on many of the legal actions the SEC has launched against crypto protocols and companies.

Original author: Gyro Finance

Original source: Gyro Finance

Starting this year, people all over the world have been paying attention to the US election.

On the one hand, in the context of increasingly significant political polarization, lingering economic recession, and severe divisions in public opinion, the candidate for the next president of the United States will have a crucial impact on the direction of the country's political situation. On the other hand, with the transmission of high inflation, the intensifying trade war, and the collective development of economies, we also need to pay attention to the U.S. election as to where the global economy will go.

On November 5, the 2024 US presidential election will be held as scheduled. Judging from the current situation, it is no surprise that this year's US president will be chosen between the 81-year-old Democratic representative Biden and the Republican representative Trump, who is known for his crazy talk. In order to gain votes, both will spread their arms, shout, and make speech tours to explain their political intentions and election promises, including economic, demographic, gender, education, and military issues.

Original author: BlockBeats

Original source: BlockBeats

Today, a Dutch judge ruled at the Court of ‘s-Hertogenbosch that Alexey Pertsev, one of the founders and core developer of Tornado Cash, was guilty of money laundering. The court sentenced Pertsev to 64 months in prison. Over the past year, the DeFi regulatory issues raised by Tornado Cash have been highly concerned by the industry. This year, despite the team's repeated emphasis on its compliance tendencies, Uniswap, the "big brother" in the DeFi field, was sued by the SEC. Today, what impact will the guilty verdict of Tornado Cash's co-founder have on future DeFi startup teams? How will DeFi coexist with regulation in the future?