[{"data":1,"prerenderedAt":204},["ShallowReactive",2],{"DlFXI4Eibt_Bn9lrEZz1TYbHCWFZj3IvqwHQSEW-Exc":3,"CWQwEforvQ3QX873rGd91liO-NA5NCfDqlaAJU11ldU":194},{"code":4,"msg":5,"data":6},0,"",{"category":7,"tag":11,"hot":39,"new":78,"banner":118,"data":143,"cache":193},[8,9,10],"Agent","OpenAI","LLM",[12,14,17,20,23,25,27,30,33,36],{"title":8,"total":13},39,{"title":15,"total":16},"Google",44,{"title":18,"total":19},"Nvidia",13,{"title":21,"total":22},"Claude",11,{"title":9,"total":24},35,{"title":10,"total":26},85,{"title":28,"total":29},"DeepSeek",9,{"title":31,"total":32},"OCR",1,{"title":34,"total":35},"Chat",7,{"title":37,"total":38},"Generator",116,[40,48,55,64,71],{"id":41,"publish_date":42,"is_original":4,"collection":5,"cover_url":43,"cover_url_1_1":44,"title":45,"summary":46,"author":47},557,"2022-04-29","article_res/cover/7a9b1375ed9bb298154981bae42b794d.jpeg","article_res/cover/afa281dd52bc0454e6735daa8e6b0706.jpeg","Translation and summary of Messari Report [2.8 Kristin Smith, Blockchain Association and Katie Haun, a16z]","We need unity and speed right now.","Translation",{"id":49,"publish_date":50,"is_original":4,"collection":5,"cover_url":51,"cover_url_1_1":52,"title":53,"summary":54,"author":47},531,"2022-05-25","article_res/cover/e8362057f8fa189594c60afdfaaeb6e5.jpeg","article_res/cover/8ea08d0d6fa7eee6b57ed4ec61b61ad6.jpeg","Decentralized Society: Finding Web3’s Soul / Decentralized Society: Finding the Soul of Web3 -7","Decentralization through Pluralism When analyzing ecosystems, it's desirable to measure how decentralized it is.",{"id":56,"publish_date":57,"is_original":32,"collection":58,"cover_url":59,"cover_url_1_1":60,"title":61,"summary":62,"author":63},127,"2024-11-14","#Google #AI Game #World Model #AI Story","article_res/cover/0233a875b7ec2debf59779e311547569.jpeg","article_res/cover/6ffddb6ae4914b3c699493311aa9f198.jpeg","Google Launches \"Unbounded\": A Generative Infinite Character Life Simulation Game","Unbounded: A Generative Infinite Game of Character Life Simulation","Renee's Entrepreneurial Journey",{"id":13,"publish_date":65,"is_original":32,"collection":66,"cover_url":67,"cover_url_1_1":68,"title":69,"summary":70,"author":63},"2025-02-14","#Deep Dive into LLMs #Andrej Karpathy #LLM #Tool Use #Hallucination","article_res/cover/11e858ad6b74dfa80f923d549b62855c.jpeg","article_res/cover/615e1b320f1fc163edc1d2d154a6de33.jpeg","Andrej Karpathy's in-depth explanation of LLM (Part 4): Hallucinations","hallucinations, tool use, knowledge/working memory",{"id":72,"publish_date":73,"is_original":4,"collection":5,"cover_url":74,"cover_url_1_1":75,"title":76,"summary":77,"author":47},579,"2022-04-07","article_res/cover/39387376ba28447af1eb40576b9df215.jpeg","article_res/cover/02727ede8551ed49901d0abe6d6305b7.jpeg","Messari Report Translation and Summary 【1-7 Surviving the Winter】","I’d be more cautious here: 10 year and 10 hour thinking only.",[79,87,95,103,111],{"id":80,"publish_date":81,"is_original":32,"collection":82,"cover_url":83,"cover_url_1_1":84,"title":85,"summary":86,"author":63},627,"2025-03-20","#AI Avatar #AI Video Generation","article_res/cover/d95481358f73924989f8c4ee9c75d1c8.jpeg","article_res/cover/b74bc0fab01f8b6a6aa87696c0c3ed8b.jpeg","DisPose: Generating Animated Videos by Driving Video with Reference Images","DisPose is a controllable human image animation method that enhances video generation.",{"id":88,"publish_date":89,"is_original":32,"collection":90,"cover_url":91,"cover_url_1_1":92,"title":93,"summary":94,"author":63},626,"2025-03-21","#Deep Dive into LLMs #LLM #RL #Andrej Karpathy #AlphaGo","article_res/cover/446553a5c8f8f2f07d97b20eaee84e56.jpeg","article_res/cover/e6c2823409c9b34624064b9acbaca6f1.jpeg","AlphaGo and the Power of Reinforcement Learning - Andrej Karpathy's Deep Dive on LLMs (Part 9)","Simply learning from humans will never surpass human capabilities.",{"id":96,"publish_date":97,"is_original":32,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":63},625,"2025-03-22","#Deep Dive into LLMs #LLM #RL #RLHF #Andrej Karpathy","article_res/cover/8da81d38b1e5cf558a164710fd8a5389.jpeg","article_res/cover/96f028d76c362a99a0dd56389e8f7a9b.jpeg","Reinforcement Learning from Human Feedback (RLHF) - Andrej Karpathy's Deep Dive on LLMs (Part 10)","Fine-Tuning Language Models from Human Preferences",{"id":104,"publish_date":105,"is_original":32,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":63},624,"2025-03-23","#Deep Dive into LLMs #LLM #Andrej Karpathy #AI Agent #MMM","article_res/cover/a5e7c3d48bb09109684d6513287c661d.jpeg","article_res/cover/d3f22b7c0ab8d82fd2da457a299e0773.jpeg","The Future of Large Language Models - Andrej Karpathy's In-Depth Explanation of LLM (Part 11)","preview of things to come",{"id":112,"publish_date":105,"is_original":32,"collection":113,"cover_url":114,"cover_url_1_1":115,"title":116,"summary":117,"author":63},623,"#Google #Voe #AI Video Generation","article_res/cover/c44062fea0f336c2b96b3928292392c2.jpeg","article_res/cover/a041041c69092ad3db191c5bf3ff981b.jpeg","Trial of Google's video generation model VOE2","Our state-of-the-art video generation model",[119,127,135],{"id":120,"publish_date":121,"is_original":32,"collection":122,"cover_url":123,"cover_url_1_1":124,"title":125,"summary":126,"author":63},160,"2024-10-04","#Philosophy","article_res/cover/496990c49211e8b7f996b7d39c18168e.jpeg","article_res/cover/14dbaa1ade9cb4316d5829423a900362.jpeg","Time","The fungus of the morning does not know the waxing and waning of the moon, and the cicada does not know the seasons; this is a short life. To the south of the state of Chu there is a dark spirit which regards five hundred years as spring and five hundred years as autumn. In ancient times there was a great tree called the Ming which regarded eight thousand years as spring and eight thousand years as autumn; this is a long life.",{"id":128,"publish_date":129,"is_original":32,"collection":130,"cover_url":131,"cover_url_1_1":132,"title":133,"summary":134,"author":63},98,"2024-12-17","#AI Video Generator #Sora #Pika","article_res/cover/3b86e85d03fff4f356a3e4cf2bb329c9.jpeg","article_res/cover/5fa5c20ad0b40f8f544d257c0ef02938.jpeg","Pika 2.0 video generation officially released: effect comparison with Sora","今天，我们推出了Pika 2.0模型。卓越的文字对齐效果。惊人的视觉表现。还有✨场景成分✨",{"id":136,"publish_date":137,"is_original":32,"collection":138,"cover_url":139,"cover_url_1_1":140,"title":141,"summary":142,"author":63},71,"2025-01-14","#Nvidia #World Foundation Model #Cosmos #Physical AI #Embodied AI","article_res/cover/feddf8c832dfb45d28804291f6a42a9e.jpeg","article_res/cover/d6bc2f1186d96b78228c2283a17a3645.jpeg","NVIDIA's Cosmos World Model","Cosmos World Foundation Model Platform for Physical AI",[144,163,188],{"title":8,"items":145},[146,147,155],{"id":104,"publish_date":105,"is_original":32,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":63},{"id":148,"publish_date":149,"is_original":32,"collection":150,"cover_url":151,"cover_url_1_1":152,"title":153,"summary":154,"author":63},622,"2025-03-24","#OWL #AI Agent #MAS #MCP #CUA","article_res/cover/cb50ca7f2bf4d1ed50202d7406e1c19a.jpeg","article_res/cover/4aa7aa3badfacf3cc84121334f1050dd.jpeg","OWL: Multi-agent collaboration","OWL: Optimized Workforce Learning for General Multi-Agent Assistance in Real-World Task Automation",{"id":156,"publish_date":157,"is_original":32,"collection":158,"cover_url":159,"cover_url_1_1":160,"title":161,"summary":162,"author":63},620,"2025-03-26","#LLM #Google #Gemini #AI Agent","article_res/cover/53751a6dbbe990b1eb0b63f3b062aed4.jpeg","article_res/cover/031344981f0a212ff82d1f3a64aa5756.jpeg","Gemini 2.5 Pro, claimed to be far ahead of the competition, has been released with great fanfare: comprehensively surpassing other LLMs and topping the global rankings","Gemini 2.5: Our most intelligent AI model",{"title":9,"items":164},[165,172,180],{"id":166,"publish_date":157,"is_original":32,"collection":167,"cover_url":168,"cover_url_1_1":169,"title":170,"summary":171,"author":63},619,"#OpenAI #AI Image Generator #4o #MMM #AR Transformer","article_res/cover/2faffc97fcecf3151552cb0fd3206d89.jpeg","article_res/cover/1133cb4948af44cee2e7fbe79efb69e5.jpeg","The native image function of GPT-4o is officially launched","Introducing 4o Image Generation",{"id":173,"publish_date":174,"is_original":4,"collection":175,"cover_url":176,"cover_url_1_1":177,"title":178,"summary":179,"author":63},434,"2023-07-15","#Anthropic #OpenAI #Google #AI Code Generator #Claude","article_res/cover/e1b6f600a2b9f262a4392684e5f2ce25.jpeg","article_res/cover/6e1772e83f78f9a351ab23d3e414adee.jpeg","Latest Updates on Google Bard /Anthropic Claude2 / ChatGPT Code Interpreter","We want our models to use their programming skills to provide more natural interfaces to the basic functions of our computers.  \n - OpenAI",{"id":181,"publish_date":182,"is_original":4,"collection":183,"cover_url":184,"cover_url_1_1":185,"title":186,"summary":187,"author":63},417,"2023-08-24","#OpenAI","article_res/cover/bccf897d50a88b18364e35f7466387e0.jpeg","article_res/cover/2f871085c1073717c1703ae86e18056f.jpeg","The GPT-3.5 Turbo fine-tuning (fine-tuning function) has been released～","Developers can now bring their own data to customize GPT-3.5 Turbo for their use cases.",{"title":10,"items":189},[190,191,192],{"id":88,"publish_date":89,"is_original":32,"collection":90,"cover_url":91,"cover_url_1_1":92,"title":93,"summary":94,"author":63},{"id":96,"publish_date":97,"is_original":32,"collection":98,"cover_url":99,"cover_url_1_1":100,"title":101,"summary":102,"author":63},{"id":104,"publish_date":105,"is_original":32,"collection":106,"cover_url":107,"cover_url_1_1":108,"title":109,"summary":110,"author":63},true,{"code":4,"msg":5,"data":195},{"id":196,"publish_date":197,"is_original":4,"collection":5,"articles_id":198,"cover_url":199,"cover_url_1_1":200,"title":201,"summary":202,"author":63,"content":203},339,"2024-01-22","z37gE3jZd5OJRyOeqZMkCA","article_res/cover/e83c4bd3e491179166037cc7b959c790.jpeg","article_res/cover/38c3274e1ba885cb1ba9e96c42da9cee.jpeg","\"CRYPTO THESES 2024\" Ten major trends in the DeFi field","DeFi is Back?","\u003Cdiv class=\"rich_media_content js_underline_content\n                       autoTypeSetting24psection\n            \" id=\"js_content\">\u003Csection style=\"margin-bottom: 0px;\">\u003Cspan style='color: rgb(0, 0, 0);font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;'>Previous sections of the report:\u003C/span>\u003C/section>\u003Col class=\"list-paddingleft-1\" style=\"list-style-type: decimal;\">\u003Cli>\u003Csection style='padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: normal;margin-bottom: 0px;margin-top: 0px;'>\u003Ca target=\"_blank\" href=\"https://mp.weixin.qq.com/s?__biz=MzkwOTMzMzk0MQ==&mid=2247486724&idx=1&sn=e3e0c6ff0c6a8cfb36795ab74a307d5e&chksm=c13d09def64a80c82b5da19e250daea8553d87731117c5b78299a586c18188bbd0cb4d7d5623&scene=21#wechat_redirect\" textvalue=\"《CRYPTO THESES 2024》之“关键趋势”\" linktype=\"text\" imgurl=\"\" imgdata=\"null\" data-itemshowtype=\"0\" tab=\"innerlink\" data-linktype=\"2\">\"Key Trends\" from *CRYPTO THESES 2024*\u003C/a>\u003Cbr>\u003C/section>\u003C/li>\u003Cli>\u003Csection style='padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: normal;margin-bottom: 0px;margin-top: 0px;'>\u003Ca target=\"_blank\" href=\"https://mp.weixin.qq.com/s?__biz=MzkwOTMzMzk0MQ==&mid=2247486738&idx=1&sn=0b22d5cf87ff5f992b13567c84a1027d&chksm=c13d09c8f64a80de47250b0f18cfd6b4d9a526ec418edc054e2be0df9e412f5d935894465435&scene=21#wechat_redirect\" textvalue=\"《CRYPTO THESES 2024》名人堂\" linktype=\"text\" imgurl=\"\" imgdata=\"null\" data-itemshowtype=\"0\" tab=\"innerlink\" data-linktype=\"2\">Hall of Fame in *CRYPTO THESES 2024*\u003C/a>\u003C/section>\u003C/li>\u003Cli>\u003Csection style='padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: normal;margin-bottom: 0px;margin-top: 0px;'>\u003Ca target=\"_blank\" href=\"https://mp.weixin.qq.com/s?__biz=MzkwOTMzMzk0MQ==&mid=2247486752&idx=1&sn=34121c6092c400ac390e27fef91c9e1c&chksm=c13d09faf64a80eced01a58418303c05a4ebfbd18fbac7bb57a271cd396aa159af19719f9395&scene=21#wechat_redirect\" textvalue=\"《CRYPTO THESES 2024》十大产品：引领行业的前沿技术\" linktype=\"text\" imgurl=\"\" imgdata=\"null\" data-itemshowtype=\"0\" tab=\"innerlink\" data-linktype=\"2\">Top Ten Products in *CRYPTO THESES 2024*: Cutting-edge technologies leading the industry\u003C/a>\u003Cbr>\u003C/section>\u003C/li>\u003Cli>\u003Csection style='padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: normal;margin-bottom: 0px;margin-top: 0px;'>\u003Ca target=\"_blank\" href=\"https://mp.weixin.qq.com/s?__biz=MzkwOTMzMzk0MQ==&mid=2247486809&idx=1&sn=8c41f96fffa76901f9e60d73673e9a49&chksm=c13d0983f64a8095ea54c12c96ddc0d773a7170260e7c8b4c63997ef2afe112b6d21c2476b3c&scene=21#wechat_redirect\" textvalue=\"《CRYPTO THESES 2024》之 Crypto Monies\" linktype=\"text\" imgurl=\"\" imgdata=\"null\" data-itemshowtype=\"0\" tab=\"innerlink\" data-linktype=\"2\">Crypto Monies from *CRYPTO THESES 2024*\u003C/a>\u003Cbr>\u003C/section>\u003C/li>\u003Cli>\u003Csection style='padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: normal;margin-bottom: 0px;margin-top: 0px;'>\u003Ca target=\"_blank\" href=\"https://mp.weixin.qq.com/s?__biz=MzkwOTMzMzk0MQ==&mid=2247486840&idx=1&sn=5ba608117c6720b1aa80216b888cb78b&chksm=c13d09a2f64a80b4e505c42cccad05b633aa7451d7e78e804d77724a52946ce79f078e5d7e3c&scene=21#wechat_redirect\" textvalue=\"《CRYPTO THESES 2024》之美国政策法规\" linktype=\"text\" imgurl=\"\" imgdata=\"null\" data-itemshowtype=\"0\" tab=\"innerlink\" data-linktype=\"2\">American Policy and Regulations in \"CRYPTO THESES 2024\"\u003C/a>\u003Cbr>\u003C/section>\u003C/li>\u003Cli>\u003Csection style='padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: normal;margin-bottom: 0px;margin-top: 0px;'>\u003Ca target=\"_blank\" href=\"https://mp.weixin.qq.com/s?__biz=MzkwOTMzMzk0MQ==&mid=2247486906&idx=1&sn=eadc8952f5dfa262b6fdcb55cc0d7439&chksm=c13d0960f64a8076b7e0c1e97019d1fcaef698b0c99d9efa6cfb872f97243d6ee4307a0059c7&scene=21#wechat_redirect\" textvalue=\"《CRYPTO THESES 2024》之CeFi Trending（上）\" linktype=\"text\" imgurl=\"\" imgdata=\"null\" data-itemshowtype=\"0\" tab=\"innerlink\" data-linktype=\"2\">CeFi Trending (Part 1) in \"CRYPTO THESES 2024\"\u003C/a>\u003Cbr>\u003C/section>\u003C/li>\u003Cli>\u003Csection style='padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: normal;margin-bottom: 0px;margin-top: 0px;'>\u003Ca target=\"_blank\" href=\"https://mp.weixin.qq.com/s?__biz=MzkwOTMzMzk0MQ==&mid=2247486916&idx=1&sn=d238cd0a9320476611ea7d789b6c02be&chksm=c13d091ef64a8008d15b871cca783a7e87c249f40f0221ac790c01c29b73d1e074c910f54710&scene=21#wechat_redirect\" textvalue=\"《CRYPTO THESES 2024》之CeFi Trending（下）\" linktype=\"text\" imgurl=\"\" imgdata=\"null\" data-itemshowtype=\"0\" tab=\"innerlink\" data-linktype=\"2\">CeFi Trending (Part 2) in \"CRYPTO THESES 2024\"\u003C/a>\u003C/section>\u003C/li>\u003Cli>\u003Csection style='padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: normal;margin-bottom: 0px;margin-top: 0px;'>\u003Ca target=\"_blank\" href=\"https://mp.weixin.qq.com/s?__biz=MzkwOTMzMzk0MQ==&mid=2247486944&idx=1&sn=777bc19eb8b6dbb5d6004013b0b4ab64&chksm=c13d093af64a802c92987f89658c0fe3e6aa8cbeae11c241a7e8c0157c7b6d1261de6a40aa41&scene=21#wechat_redirect\" textvalue=\"\" linktype=\"text\" imgurl=\"\" imgdata=\"null\" data-itemshowtype=\"0\" tab=\"innerlink\" data-linktype=\"2\">\u003C/a>\u003Ca target=\"_blank\" href=\"https://mp.weixin.qq.com/s?__biz=MzkwOTMzMzk0MQ==&mid=2247486944&idx=1&sn=777bc19eb8b6dbb5d6004013b0b4ab64&chksm=c13d093af64a802c92987f89658c0fe3e6aa8cbeae11c241a7e8c0157c7b6d1261de6a40aa41&scene=21#wechat_redirect\" textvalue=\"《CRYPTO THESES 2024》之LAYER-1 公链\" linktype=\"text\" imgurl=\"\" imgdata=\"null\" data-itemshowtype=\"0\" tab=\"innerlink\" data-linktype=\"2\">LAYER-1 Public Chains in \"CRYPTO THESES 2024\"\u003C/a>\u003C/section>\u003C/li>\u003C/ol>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>Starting today, I will share the DeFi section:\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>DeFi has demonstrated stability amidst financial turmoil. Despite currently accounting for less than 0.01% of global financial assets, its growth potential is enormous. The IMF pointed out that DeFi reduces marginal capital costs to just one-third of traditional methods.\u003C/p>\u003Ch3 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 20px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>1. DEX Platforms\u003C/h3>\u003Cul data-tool=\"mdnice编辑器\" class=\"list-paddingleft-1\" style='margin-top: 8px;margin-bottom: 8px;padding-left: 25px;width: 557.438px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;'>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Uniswap remains the leader in the Ethereum DEX space, with trading volumes even surpassing Coinbase during significant events.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">The Uniswap DAO launched products on rollups, Uniswap Labs introduced a mobile wallet, and announced plans for V4, including “hook contracts” and a fee-charging frontend.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Other major chain DEXs also performed strongly, such as TraderJoe on Avalanche, Osmosis on Cosmos, Orca on Solana, and PancakeSwap on the BNB Chain.\u003C/section>\u003C/li>\u003C/ul>\u003Ch2 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 22px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>2. Trading aggregators and frontends\u003C/h2>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>Uniswap Labs announced that it will charge a 0.15% fee on trades made via its Web UI and wallet upon the launch of Uniswap V4 for reasons including:\u003C/p>\u003Col data-tool=\"mdnice编辑器\" class=\"list-paddingleft-1\" style='margin-top: 8px;margin-bottom: 8px;padding-left: 25px;width: 557.438px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;'>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Regulatory pressure: The unstable regulation of DeFi in the U.S. may lead to legal issues for Uniswap.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Clear decentralization: Given the regulatory context, it is important to distinguish Uniswap Labs from the protocol and foundation it has created.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">User choice: Users can choose not to use the Uniswap frontend and instead use other aggregators like 1inch or Matcha by 0x.\u003C/section>\u003C/li>\u003C/ol>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>On Solana, traders tend to prefer the community-leading aggregator Jupiter over the mainstream DEX Orca. This reflects a future trend where interfaces add value by providing additional tools (such as DCA tools from UniswapX or aggregators like Jupiter), thus succeeding in customer acquisition and capturing value.\u003C/p>\u003Ch2 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 22px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>3. Payment\u003C/h2>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>The upcoming killer payment protocol will revolutionize the way cryptocurrencies are transferred with efficiency far exceeding traditional banks, featuring:\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003431\" data-ratio=\"0.5064814814814815\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"https://res.cooltool.vip/article_res/assets/17423811814040.971567974106269.png\">\u003C/p>\u003Cul data-tool=\"mdnice编辑器\" class=\"list-paddingleft-1\" style='margin-top: 8px;margin-bottom: 8px;padding-left: 25px;width: 557.438px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;'>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Streams: Continuous, real-time micropayments suitable for content, subscriptions, token ownership, etc.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Splits: Intelligent distribution of payments among multiple recipients according to predefined logic, such as royalties.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Smart payments: Handling complex payment logic, representative companies include Sphere, Decent, and Solana Pay.\u003C/section>\u003C/li>\u003C/ul>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>These tools will be used by AI agents and DePIN networks for payments, becoming the financial backbone of new DeSoc networks like Lens V2, rewarding collaborative behaviors among users.\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003432\" data-ratio=\"0.6185185185185185\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"https://res.cooltool.vip/article_res/assets/17423811816760.6447480835697963.png\">\u003C/p>\u003Ch2 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 22px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>4. On-chain perpetual contracts\u003C/h2>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>dYdX dominates the on-chain perpetuals space with over 70% market share. 2024 will be a pivotal year as the dYdX V4 upgrade is coming soon. dYdX leverages StarkWare's L2 infrastructure, is the fifth largest rollup by TVL, and has launched its own Cosmos chain.\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003433\" data-ratio=\"0.5842592592592593\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" src=\"https://res.cooltool.vip/article_res/assets/17423811819160.8403210967107726.png\">\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003434\" data-ratio=\"0.37037037037037035\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"https://res.cooltool.vip/article_res/assets/17423811827230.5657193241288927.png\">\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>Other notable platforms include Solana’s DEXs (such as Drift and Jupiter) and DeFi veteran Synthetix. Synthetix’s upcoming Andromeda version will introduce new features such as cross-margining, multiple new collateral types, and trading improvements. Its fully diluted valuation is one-third of dYdX and it ranks as the fourth best-performing DEX year-to-date.\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003435\" data-ratio=\"0.5481481481481482\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"https://res.cooltool.vip/article_res/assets/17423811830030.978282422957129.png\">\u003C/p>\u003Ch2 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 22px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>5. DeFi Lending\u003C/h2>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003436\" data-ratio=\"0.46111111111111114\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"https://res.cooltool.vip/article_res/assets/17423811823940.9696643480358207.png\">\u003C/p>\u003Col data-tool=\"mdnice编辑器\" class=\"list-paddingleft-1\" style='margin-top: 8px;margin-bottom: 8px;padding-left: 25px;width: 557.438px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;'>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">\u003Cp style=\"padding-top: 8px;padding-bottom: 8px;line-height: 26px;color: black;\">The tokenization of real-world assets in DeFi lending has grown significantly, for example, Maker's tokenized U.S. Treasury bonds increased from $40 million to nearly $3 billion.\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003437\" data-ratio=\"0.41574074074074074\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"https://res.cooltool.vip/article_res/assets/17423811829170.659413332629254.png\">\u003C/p>\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">\u003Cp style=\"padding-top: 8px;padding-bottom: 8px;line-height: 26px;color: black;\">Due to its high transparency and global scalability, DeFi lending demonstrated better stability compared to centralized finance (CeFi) during the 2023 financial crisis.\u003C/p>\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">\u003Cp style=\"padding-top: 8px;padding-bottom: 8px;line-height: 26px;color: black;\">Interest-bearing securities (such as Lido's stETH) have become popular as collateral in DeFi, accounting for 26% of deposits in Maker, enhancing the attractiveness of DeFi lending compared to CeFi.\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003438\" data-ratio=\"0.5740740740740741\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"https://res.cooltool.vip/article_res/assets/17423811887380.6133913534614892.png\">\u003C/p>\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">\u003Cp style=\"padding-top: 8px;padding-bottom: 8px;line-height: 26px;color: black;\">Aave's total value locked (TVL) grew by 80% in 2023 due to the adoption of Aave V3 and the addition of liquid staking tokens (LSTs) as collateral assets, with the new efficiency mode increasing loan-to-value ratios and staking yields.\u003C/p>\u003C/section>\u003C/li>\u003C/ol>\u003Ch2 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 22px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>6. LSTs (Liquid Staking Tokens)\u003C/h2>\u003Cul data-tool=\"mdnice编辑器\" class=\"list-paddingleft-1\" style='margin-top: 8px;margin-bottom: 8px;padding-left: 25px;width: 557.438px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;'>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Liquid staking tokens (LSTs) are now the largest TVL category in DeFi, acting as yield-generating debt instruments.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">The Ethereum Shapella upgrade has boosted ETH staking.\u003C/section>\u003C/li>\u003Cli>\u003Cp>\u003Cspan style='color: rgb(1, 1, 1);font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;'>With a TVL of $15 billion, offering an annual return rate of 3.7%, it generates $2.3 billion in revenue.\u003C/span>\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003442\" data-ratio=\"0.5796296296296296\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"https://res.cooltool.vip/article_res/assets/17423811815180.048622828024809994.png\">\u003C/p>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Innovative products such as Alluvial and Ether.Fi's LSTs, along with Distributed Validator Technology (DVT), are under development.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">LSTs have a significant impact on the DeFi ecosystem, with notable proportions of LST deposits in Aave and Maker. The emerging market for stablecoins backed by LSTs is growing rapidly.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">LST-finance saw a breakthrough in 2023, providing DeFi with new and sustainable sources of returns. The PENDLE token surged over 2000% in 2023.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Every PoS network may see the emergence of an institution similar to Lido, such as Jito's role in the Solana network.\u003C/section>\u003C/li>\u003C/ul>\u003Ch2 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 22px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>7. Bridges and Message Passing\u003C/h2>\u003Csection style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>Cross-chain bridges face challenges in the field of cryptocurrency security. Major hacking incidents in recent years, such as Ronin, Poly Network, Wormhole, and Nomad, account for nearly half of the total amount of DeFi hacks over the past six years, with most of the stolen funds flowing to North Korea's Lazarus hacking group.\u003C/section>\u003Csection style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>The progress of response measures includes:\u003C/section>\u003Cul class=\"list-paddingleft-1\" style='margin-top: 8px;margin-bottom: 8px;padding-left: 25px;width: 557.438px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;'>\u003Cli style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Research on \"Omni-Chain Fungible Tokens\" (OFTs), which standardizes tokens across different chains through LayerZero's Endpoint smart contracts.\u003C/section>\u003C/li>\u003Cli style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Chainlink launches CCIP (Cross-Chain Interoperability Protocol), entering the \"Layer0\" domain.\u003C/section>\u003C/li>\u003Cli style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">UMA's Across Protocol secures a place in the bridging market with its fast and cost-effective optimistic oracle design.\u003C/section>\u003C/li>\u003C/ul>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>These advancements demonstrate significant developments in cross-chain communication and security.\u003C/p>\u003Ch2 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 22px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>8. Oracle\u003C/h2>\u003Cul data-tool=\"mdnice编辑器\" class=\"list-paddingleft-1\" style='margin-top: 8px;margin-bottom: 8px;padding-left: 25px;width: 557.438px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;'>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Pyth, a Solana-based oracle network, gained attention after its token launch in November 2023. It differs from traditional models by incentivizing market makers to provide trading data, rather than merely aggregating exchange platform data, thus building more reliable order books and price sources.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">This model changes the traditional role of market makers as payers for market data, making Pyth an important low-latency price source provider in perpetual contract DEXs.\u003C/section>\u003C/li>\u003Cli>\u003Csection style=\"margin-top: 5px;margin-bottom: 5px;line-height: 26px;color: rgb(1, 1, 1);\">Meanwhile, Chainlink is developing a low-latency alternative called Data Streams, demonstrating the market's demand for diverse oracle solutions, such as Synthetix using both Chainlink and Pyth as data sources simultaneously.\u003C/section>\u003C/li>\u003C/ul>\u003Ch2 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 22px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>9. Real-World Assets (RWA) Diversification\u003C/h2>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>Wall Street is gradually moving towards tokenization to meet the demand of wealthy investors for on-chain products. While commercial real estate tokenization may not be realized soon, the creation of network states is underway. In the era of RWA on public blockchains, DeFi natives are more likely to lead the trend than traditionally suited individuals.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>Cryptocurrency holders are diversifying their investments, often preferring purchases through platforms like Coinbase over traditional financial institutions. Since January last year, they have started buying and selling crypto assets in Wall Street ETFs.\u003C/p>\u003Ch2 data-tool=\"mdnice编辑器\" style='margin-top: 30px;margin-bottom: 15px;font-weight: bold;font-size: 22px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;letter-spacing: normal;text-align: left;text-wrap: wrap;'>10. Stacks and BRC-20 Tokens\u003C/h2>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>The new technological upgrade of Bitcoin Core offers new possibilities for expansion and enhanced functionality within the Bitcoin ecosystem. New transaction types such as BRC-20 tokens, Stamps, Runes, and recursive Inscriptions are beginning to flood the Bitcoin network, increasing transaction fees and testing the technology.\u003C/p>\u003Cp style=\"text-align: center;\">\u003Cimg class=\"rich_pages wxw-img\" data-galleryid=\"\" data-imgfileid=\"100003445\" data-ratio=\"0.5722222222222222\" data-s=\"300,640\" data-type=\"png\" data-w=\"1080\" style=\"\" src=\"https://res.cooltool.vip/article_res/assets/17423811866280.9844511800851252.png\">\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>These fees could help address Bitcoin's long-term security budget issues but also raise concerns about the size of the Bitcoin blockchain. For example, BRC-20 tokens create a permanent set of transactions that might impact Bitcoin's decentralization because full nodes require more storage space.\u003C/p>\u003Cp data-tool=\"mdnice编辑器\" style='margin-bottom: 0px;padding-top: 8px;padding-bottom: 8px;color: black;font-family: Optima-Regular, Optima, PingFangSC-light, PingFangTC-light, \"PingFang SC\", Cambria, Cochin, Georgia, Times, \"Times New Roman\", serif;font-size: 16px;letter-spacing: normal;text-align: left;text-wrap: wrap;line-height: 26px;'>Other L1 networks such as Avalanche, Near, and Solana are also facing challenges similar to those caused by BRC-20 tokens. Stacks, as the leader of a vibrant Bitcoin L2 ecosystem, offers access to BTC liquidity and uses a unique integrated consensus mechanism. In addition, several teams are exploring the implementation of rollup technology on Bitcoin, such as Chainway, ZeroSync, and Kasar Labs.\u003C/p>\u003Cp style=\"display: none;\">\u003Cmp-style-type data-value=\"3\">\u003C/mp-style-type>\u003C/p>\u003C/div>",1752585479158]