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BiteyeHQAn in-depth analysis of TVL’s skyrocketing Manta Pacific
Author: Biteye Core Contributor Lucky Editor: Biteye Core Contributor Crush Community: @BiteyeCN *Text: 2400 words, read in 5 mins.01Introduction to Manta PacificThe recent futures price of the popular Blast on Aevo has continued to increase with TVL. In just one week, it rose from the lowest of 3.5 dollars to 15.5 dollars, and then fell back to 7 dollars. It can be seen that the L2 model, which focuses on native income, has begun to be recognized by the market. . And can Manta, which has als...
BiteyeHQDecoding the New L2——Public Goods Network
On July 7th, Gitcoin officially introduced the Layer2 network——Public Goods Network (PGN), which developed by the OP Stack. On August 18th, Gitcoin announced its 18th round of Grants will support the PGN network. What makes this L2 so favored by Gitcoin? This article will analyze PGN from the following aspects:What is a Public Good?Background and problem-solving of Public Goods NetworkHighlights of Public Goods NetworkWill Public Goods Network have an airdrop?How to interact with Public Goods...
BiteyeHQMovement：The Next Breakthrough Blockchain After Sui and Aptos
Please credit Biteye community when sharingAuthor: Biteye Core Contributor Fishery Editor: Biteye Core Contributor Crush Community: @BiteyeCN *Text: 5000 words, read in 5 mins.01 IntroductionFive years ago, Facebook's Libra (later renamed Diem) project emerged, drawing global attention. However, this ambitious initiative ended in 2022, leaving behind an unfinished legacy. Nevertheless, Libra’s technical foundation—Move programming language—has found new life through its successors. As wi...
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BiteyeHQAn in-depth analysis of TVL’s skyrocketing Manta Pacific
Author: Biteye Core Contributor Lucky Editor: Biteye Core Contributor Crush Community: @BiteyeCN *Text: 2400 words, read in 5 mins.01Introduction to Manta PacificThe recent futures price of the popular Blast on Aevo has continued to increase with TVL. In just one week, it rose from the lowest of 3.5 dollars to 15.5 dollars, and then fell back to 7 dollars. It can be seen that the L2 model, which focuses on native income, has begun to be recognized by the market. . And can Manta, which has als...
BiteyeHQDecoding the New L2——Public Goods Network
On July 7th, Gitcoin officially introduced the Layer2 network——Public Goods Network (PGN), which developed by the OP Stack. On August 18th, Gitcoin announced its 18th round of Grants will support the PGN network. What makes this L2 so favored by Gitcoin? This article will analyze PGN from the following aspects:What is a Public Good?Background and problem-solving of Public Goods NetworkHighlights of Public Goods NetworkWill Public Goods Network have an airdrop?How to interact with Public Goods...
BiteyeHQMovement：The Next Breakthrough Blockchain After Sui and Aptos
Please credit Biteye community when sharingAuthor: Biteye Core Contributor Fishery Editor: Biteye Core Contributor Crush Community: @BiteyeCN *Text: 5000 words, read in 5 mins.01 IntroductionFive years ago, Facebook's Libra (later renamed Diem) project emerged, drawing global attention. However, this ambitious initiative ended in 2022, leaving behind an unfinished legacy. Nevertheless, Libra’s technical foundation—Move programming language—has found new life through its successors. As wi...
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Written by: FISHERY Isla , DeFi Teddy, Dillon
Edit: Crush
**This article is about 2500 words. The estimated reading time is 6 minutes.
The Ethereum Layer 2 protocol Optimism, formerly known as Plasma, originated from a 2017 article by Vitalik called “Plasma: Scalable Autonomous Smart Contracts”.
Plasma was launched on the testnet in 2019. In the early stages of testing, this cutting-edge technology showed excellent performance. But with the gradual emergence of various decentralized applications on the Ethereum mainnet, Plasma faced the problem of incompatibility with mainnet applications.
The Plasma technical team led by Ben has made many attempts but ultimately failed to solve this problem. The turning point was that Karl realized that the concept of Shadow blockchain proposed by Vitalik in 2014 could solve the compatibility problem of Plasma, which is the prototype of today’s Optimism Rollup.
The initial Optimistic Rollup was based on the idea of Plasma, running an EVM-compatible virtual machine called OVM (Optimistic Virtual Machine), which enables Optimistic Rollup to run most applications on Ethereum.
With OVM, porting dApps to L2 is no longer a big architectural-level project, just a simplified deployment operation. However, the team still believes that the Proof System is too complicated, and the migration of individual Dapps is already very difficult so the Proof System will be separated from the client software, that is, the actions of block generation and execution will be separated.
In the fourth quarter of 2021, the EVM equivalence upgrade was released, which is the Optimism OVM V2 we use today. Compared with the original OVM, the latest version has 100 times less code, and the code base is the same as geth’s. Differences are optimized to less than 1000 lines.
Careful friends may have noticed that the idea of ” separating the proof system from the client software” coincides with the core idea of the modular blockchain that became popular in the middle of this year. The Op team is one step ahead from numerous modular blockchain star projects.
At the Devcon held in Bogota last week, Karl energetically introduced Optimism’s official entry into the modular blockchain track and released a new product OP Stack and said that Optimism’s vision is not only to build a blockchain but also It is to build a society formed by a digital blockchain.
OP Stack is a modular, open-source blueprint that is highly extensible and flexibly compatible with multiple types of blockchains.
The OP Stack is the codebase that powers Optimism’s next-generation architecture, ensuring a series of modules work together to form a coherent, reliable blockchain. Modular components developed by third-party development teams can be used at different layers in the blockchain architecture. The following figure shows the possible replacement of modular components:
It can be replaced by Multi-Client Fault Proof or Multi-Client ZK Proof on the Settlement Layer.
On the consensus layer, the original consensus can be replaced with ZK-Plasma. This means that as long as a team opens up new modules based on OP Stack, other OP Stack-based projects can seamlessly replace the corresponding modules and upgrade their projects.
The OP Stack is still in the early stages of a standalone product. The main goal of the Optimism team for the next few months is to focus on the Bedrock upgrade, which is the release of the OP Stack to Optimism’s mainnet.
If you are concerned about the specific demo of OP Stack, you might as well pay attention to an on-chain game called OPCraft. OPCraft uses the on-chain game engine MUD developed by the Latticexyz team based on OP Stack. It is a game similar to “Minecraft” that runs entirely on the chain. Every element exists on the chain in the game, from rivers to obsidian. From construction to crafting, every action also becomes an Ethereum transaction.
OPCraft runs on OP Stack’s custom Rollup, which can easily achieve greater throughput and shorter block times.
Players can try OPCraft on the Mud official website until Halloween, October 31st. At the end of the game, the team will freeze it, and any structures, art, and monuments created by test users will be immortal and remain on the chain forever.
There is no concept of approve in the Move language
In the Move language, the interaction of tokens and NFTs with smart contracts does not require the prior authorization of tokens, and all operations can be completed with one interaction.
Users must pay attention to the simulated transaction content displayed in the wallet pop-up window before each interaction. According to common sense, all asset transfers will be displayed in the pop-up window. However, according to @0xmetazen’s research, there may be exceptions. Bypass wallet to detect asset transfer status.
In theory, this feature of Move can realize one-click clearing of wallets, so it is strongly recommended that you use the Aptos blockchain browser to view the history of transactions with the corresponding contracts while reviewing the wallet pop-up window.
A page called Account Details in the Martian wallet displays the address, public key, and private key at the same time. Since the three groups of strings in Aptos all start with 0x and have the same length, it is easy to be confused when copying, resulting in the disclosure of the private key.
There are bugs in the mnemonic created by Petra, and the mnemonic displayed on the page may be inaccurate. Petra said the bug had been fixed, but according to some community feedback, the problem still exists. Biteye’s suggestion: After creating a new wallet, log out of the wallet and enter the same mnemonic. After confirming and checking whether the wallet address is the same as the first creation, import the token.
Our weekly report mentioned this project before, making an island sandbox survival game. The main concept is Free to Play. In the beginning, the raft was free mint. Recently, islands were airdropped to the raft holders, and other islands were also free mint (you can get it by playing games on the whitelist).
Currently the free mint project with the highest yield this week, with an island of at least 3 ETH. It is also worth noting that the island dropped by the raft holder is not the same as the normal island, and the value is at least 2.5–3 times that on the floor.
The later port gameplay is related to this special island. The port may be used to dock external projects, equivalent to a shovel. The island's name in the raft is similar to the domain name of Ethereum which is also unique, so those who have islands can think of a good name.
( https://twitter.com/castaways_gg )
Huang Yuxing’s Project Vault Wallet was Stolen
This week, artist Huang Yuxing’s NFT project treasury wallet was stolen, and the hacker smashed the floor price to 0.2 ETH. The initial mint price was 1.2 ETH. Later, the project urgently formulated a relevant compensation plan:
Upgrade the contract and destroy the stolen NFT, fully compensate the user who purchased the stolen NFT
For users who panic-sold at a price lower than a mint on the day of the theft, the project also compensates for the price difference
Later, the project party purchased a part of NFT and put it into the treasury, which caused the floor price to rise rapidly. Market sentiment also quickly calmed down
( https://twitter.com/LiveArtX )
Risk warning: Investing in NFT has high risks. The above project information does not make investment advice, and Biteye has no commercial relationship with the above projects.
After the airdrop was released on Aptos this week, everyone has done a lot of airdrop-related tasks. Let’s have a good rest on the weekend. We will not assign homework this week. Here are some early and noteworthy projects.
(Biteye does not have any business relationship with the following early projects, investors need to do further due diligence)
Deformed Decentralized Google Forms, now you can apply for the waitlist.
Elix Finance, AMM DEX on fuel, is characterized by automatic aggregation of liquidity, that is, it helps LPs adjust the price range (automatic version Uni V3).
Thunder, the NFT marketplace on fuel.
Tapical cross-chain lending based on layer 0 ominichain. What is special is that the project combines ve, POL, and option modes.
n00dleswap NFT DEX can be compared to sudoswap. Now you can go to the official website to send an appointment tweet and participate in the test network on the 26th. And it will be deployed on the mainnet and Arbitrum on the 28th.
About us
Biteye is an overseas Web3 learning and research community that generates content and tools in a community-driven way and uses DAO to govern and motivate!
WeChat group: Add a little assistant @Biteye01 to the group
Twitter: @BiteyeHQ
Discord: discord.gg/Biteye
*Disclaimer: The content shared in this article is only for learning and exchange, does not constitute any investment advice, and does not represent Biteye’s position. If you like our articles, follow us!
Written by: FISHERY Isla , DeFi Teddy, Dillon
Edit: Crush
**This article is about 2500 words. The estimated reading time is 6 minutes.
The Ethereum Layer 2 protocol Optimism, formerly known as Plasma, originated from a 2017 article by Vitalik called “Plasma: Scalable Autonomous Smart Contracts”.
Plasma was launched on the testnet in 2019. In the early stages of testing, this cutting-edge technology showed excellent performance. But with the gradual emergence of various decentralized applications on the Ethereum mainnet, Plasma faced the problem of incompatibility with mainnet applications.
The Plasma technical team led by Ben has made many attempts but ultimately failed to solve this problem. The turning point was that Karl realized that the concept of Shadow blockchain proposed by Vitalik in 2014 could solve the compatibility problem of Plasma, which is the prototype of today’s Optimism Rollup.
The initial Optimistic Rollup was based on the idea of Plasma, running an EVM-compatible virtual machine called OVM (Optimistic Virtual Machine), which enables Optimistic Rollup to run most applications on Ethereum.
With OVM, porting dApps to L2 is no longer a big architectural-level project, just a simplified deployment operation. However, the team still believes that the Proof System is too complicated, and the migration of individual Dapps is already very difficult so the Proof System will be separated from the client software, that is, the actions of block generation and execution will be separated.
In the fourth quarter of 2021, the EVM equivalence upgrade was released, which is the Optimism OVM V2 we use today. Compared with the original OVM, the latest version has 100 times less code, and the code base is the same as geth’s. Differences are optimized to less than 1000 lines.
Careful friends may have noticed that the idea of ” separating the proof system from the client software” coincides with the core idea of the modular blockchain that became popular in the middle of this year. The Op team is one step ahead from numerous modular blockchain star projects.
At the Devcon held in Bogota last week, Karl energetically introduced Optimism’s official entry into the modular blockchain track and released a new product OP Stack and said that Optimism’s vision is not only to build a blockchain but also It is to build a society formed by a digital blockchain.
OP Stack is a modular, open-source blueprint that is highly extensible and flexibly compatible with multiple types of blockchains.
The OP Stack is the codebase that powers Optimism’s next-generation architecture, ensuring a series of modules work together to form a coherent, reliable blockchain. Modular components developed by third-party development teams can be used at different layers in the blockchain architecture. The following figure shows the possible replacement of modular components:
It can be replaced by Multi-Client Fault Proof or Multi-Client ZK Proof on the Settlement Layer.
On the consensus layer, the original consensus can be replaced with ZK-Plasma. This means that as long as a team opens up new modules based on OP Stack, other OP Stack-based projects can seamlessly replace the corresponding modules and upgrade their projects.
The OP Stack is still in the early stages of a standalone product. The main goal of the Optimism team for the next few months is to focus on the Bedrock upgrade, which is the release of the OP Stack to Optimism’s mainnet.
If you are concerned about the specific demo of OP Stack, you might as well pay attention to an on-chain game called OPCraft. OPCraft uses the on-chain game engine MUD developed by the Latticexyz team based on OP Stack. It is a game similar to “Minecraft” that runs entirely on the chain. Every element exists on the chain in the game, from rivers to obsidian. From construction to crafting, every action also becomes an Ethereum transaction.
OPCraft runs on OP Stack’s custom Rollup, which can easily achieve greater throughput and shorter block times.
Players can try OPCraft on the Mud official website until Halloween, October 31st. At the end of the game, the team will freeze it, and any structures, art, and monuments created by test users will be immortal and remain on the chain forever.
There is no concept of approve in the Move language
In the Move language, the interaction of tokens and NFTs with smart contracts does not require the prior authorization of tokens, and all operations can be completed with one interaction.
Users must pay attention to the simulated transaction content displayed in the wallet pop-up window before each interaction. According to common sense, all asset transfers will be displayed in the pop-up window. However, according to @0xmetazen’s research, there may be exceptions. Bypass wallet to detect asset transfer status.
In theory, this feature of Move can realize one-click clearing of wallets, so it is strongly recommended that you use the Aptos blockchain browser to view the history of transactions with the corresponding contracts while reviewing the wallet pop-up window.
A page called Account Details in the Martian wallet displays the address, public key, and private key at the same time. Since the three groups of strings in Aptos all start with 0x and have the same length, it is easy to be confused when copying, resulting in the disclosure of the private key.
There are bugs in the mnemonic created by Petra, and the mnemonic displayed on the page may be inaccurate. Petra said the bug had been fixed, but according to some community feedback, the problem still exists. Biteye’s suggestion: After creating a new wallet, log out of the wallet and enter the same mnemonic. After confirming and checking whether the wallet address is the same as the first creation, import the token.
Our weekly report mentioned this project before, making an island sandbox survival game. The main concept is Free to Play. In the beginning, the raft was free mint. Recently, islands were airdropped to the raft holders, and other islands were also free mint (you can get it by playing games on the whitelist).
Currently the free mint project with the highest yield this week, with an island of at least 3 ETH. It is also worth noting that the island dropped by the raft holder is not the same as the normal island, and the value is at least 2.5–3 times that on the floor.
The later port gameplay is related to this special island. The port may be used to dock external projects, equivalent to a shovel. The island's name in the raft is similar to the domain name of Ethereum which is also unique, so those who have islands can think of a good name.
( https://twitter.com/castaways_gg )
Huang Yuxing’s Project Vault Wallet was Stolen
This week, artist Huang Yuxing’s NFT project treasury wallet was stolen, and the hacker smashed the floor price to 0.2 ETH. The initial mint price was 1.2 ETH. Later, the project urgently formulated a relevant compensation plan:
Upgrade the contract and destroy the stolen NFT, fully compensate the user who purchased the stolen NFT
For users who panic-sold at a price lower than a mint on the day of the theft, the project also compensates for the price difference
Later, the project party purchased a part of NFT and put it into the treasury, which caused the floor price to rise rapidly. Market sentiment also quickly calmed down
( https://twitter.com/LiveArtX )
Risk warning: Investing in NFT has high risks. The above project information does not make investment advice, and Biteye has no commercial relationship with the above projects.
After the airdrop was released on Aptos this week, everyone has done a lot of airdrop-related tasks. Let’s have a good rest on the weekend. We will not assign homework this week. Here are some early and noteworthy projects.
(Biteye does not have any business relationship with the following early projects, investors need to do further due diligence)
Deformed Decentralized Google Forms, now you can apply for the waitlist.
Elix Finance, AMM DEX on fuel, is characterized by automatic aggregation of liquidity, that is, it helps LPs adjust the price range (automatic version Uni V3).
Thunder, the NFT marketplace on fuel.
Tapical cross-chain lending based on layer 0 ominichain. What is special is that the project combines ve, POL, and option modes.
n00dleswap NFT DEX can be compared to sudoswap. Now you can go to the official website to send an appointment tweet and participate in the test network on the 26th. And it will be deployed on the mainnet and Arbitrum on the 28th.
About us
Biteye is an overseas Web3 learning and research community that generates content and tools in a community-driven way and uses DAO to govern and motivate!
WeChat group: Add a little assistant @Biteye01 to the group
Twitter: @BiteyeHQ
Discord: discord.gg/Biteye
*Disclaimer: The content shared in this article is only for learning and exchange, does not constitute any investment advice, and does not represent Biteye’s position. If you like our articles, follow us!
Gumball protocol NFT liquidity solution.
The specific method is that the protocol will generate a corresponding FT (ERC-20) for each NFT, and users can purchase FT through the AMM Bonding Curve. At this time, users can choose to pledge tokens to obtain handling fees or as loan collateral. Another option is Users can exchange FT for NFT (or back to the previous NFT).
This solution is a bit like fragmentation, which can indeed bring liquidity to NFTs, but it also ignores the specificity of NFTs. Not all NFTs are floor prices. This protocol will be listed on Arbitrium and Berachain in the future.
LiquidCats is an Arbitrium NFT project that will be released on the Gumball protocol
Gumball protocol NFT liquidity solution.
The specific method is that the protocol will generate a corresponding FT (ERC-20) for each NFT, and users can purchase FT through the AMM Bonding Curve. At this time, users can choose to pledge tokens to obtain handling fees or as loan collateral. Another option is Users can exchange FT for NFT (or back to the previous NFT).
This solution is a bit like fragmentation, which can indeed bring liquidity to NFTs, but it also ignores the specificity of NFTs. Not all NFTs are floor prices. This protocol will be listed on Arbitrium and Berachain in the future.
LiquidCats is an Arbitrium NFT project that will be released on the Gumball protocol
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