I. The New Era of Blockchain Disrupting Capital MarketsCurrent Challenges in Financial Markets: High Costs and Low EfficiencyThe current global financial market is plagued by inefficiencies and exorbitant costs. Whether it's cross-border payments, clearing and settlement, or securities trading, traditional financial institutions often require hours or even days for processing. Moreover, the fees associated with payment systems are also criticized. For instance:Bank wire transfers can cost an ...

I. The New Era of Blockchain Disrupting Capital MarketsCurrent Challenges in Financial Markets: High Costs and Low EfficiencyThe current global financial market is plagued by inefficiencies and exorbitant costs. Whether it's cross-border payments, clearing and settlement, or securities trading, traditional financial institutions often require hours or even days for processing. Moreover, the fees associated with payment systems are also criticized. For instance:Bank wire transfers can cost an ...

Recent Developments in Somnia Somnia, an L1 blockchain protocol connecting the metaverse, has recently achieved a record-breaking TPS (transactions per second) of over 1 million on its development network. On February 21, Somnia announced the launch of its Shannon testnet, named after Claude Shannon, the "father of information theory." This testnet aims to simulate real-world conditions to ensure that blockchain applications can operate smoothly at scale. What is Somnia? Somnia is an innovati...

Recent Developments in Somnia Somnia, an L1 blockchain protocol connecting the metaverse, has recently achieved a record-breaking TPS (transactions per second) of over 1 million on its development network. On February 21, Somnia announced the launch of its Shannon testnet, named after Claude Shannon, the "father of information theory." This testnet aims to simulate real-world conditions to ensure that blockchain applications can operate smoothly at scale. What is Somnia? Somnia is an innovati...