3 hours ago
What's the Deal with MegaETH? 🤔
The upcoming Vitalik-backed L2 wants to be the 'real-time Ethereum'
What's its plan? Find out 👇
MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per seco nd (TPS), just announced that it has received $20M in seed funding at a $100M + valuation!
The big names involved have attracted some major attention to the upstart chain.
Today, we’re discussing how MegaETH is innovating on contemporary Ethereum Virtual Machine (EVM) blockchain implementations to provide industry-leading performance capabilities and decentralization guarantees.
⭐️ What Makes MegaETH Special
High-performance alt L1s require their nodes to perform identical tasks without specialization, imposing a fundamental tradeoff between performance and decentralization. In comparison, MegaETH takes advantage of Ethereum’s L2s technology to create differentiated roles for nodes with varying hardware requirements.
MegaETH decouples the task of transaction processing from full nodes and creates three major roles for infrastructure operators: sequencers, provers, and full nodes. Although actual block production becomes increasingly centralized with MegaETH, flexible hardware requirements from node specialization ensures trustless block validation and could provide industry-leading decentralization guarantees.
A single active MegaETH sequencer will be responsible for ordering and executing user transactions, eliminating the consensus process during normal operations, and will pass state differences (i.e.; changes to the blockchain’s state) to full nodes via a peer-to-peer network, who then apply the state diffs to update their local state. Notably, MegaETH transactions are not re-executed by full nodes to verify block integrity; they instead validate blocks indirectly using proofs provided by the prover.
While blockchains have frequently turned to one-off solutions like parallelization in their pursuit of scale, enabling transactions touching different parts of state to be processed simultaneously on multiple CPU cores, the benefits of this specific approach are limited by the fact that many transactions contain dependencies, resulting in only modest boosts from parallelization for blockchain speed.
Such ambitions necessitate scaling node hardware to its limits while preserving decentralization (achieved through specialization) and require the creation of a system innately designed to approach the theoretical upper performance limit for a decentralized blockchain.
To this end, the MegaETH sequencer will store the entirety of its state in-memory and be the first blockchain to implement in-memory compute, a critical feature for high-performance Web2 applications that should enable MegaETH to accelerate state access by 1,000x compared to alternative solid state drive storage methods utilized by competitors.
🧐 Closing Thoughts
The significant performance improvements targeted by MegaETH over contemporary EVM implementations should provide a major boost to L2 performance and could finally produce a decentralized blockchain capable of handling real-world adoption!
Although some contend that MegaETH is best suited as a competitor against an Ethereum ecosystem largely uninterested in scaling its base layer, the optimizations achieved by MegaETH are made possible solely through its ability to outsource security and censorship resistance to existing decentralized networks, like Ethereum and EigenLayer.
Written by JackInabinet
The upcoming Vitalik-backed L2 wants to be the 'real-time Ethereum'
What's its plan? Find out 👇
MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per seco nd (TPS), just announced that it has received $20M in seed funding at a $100M + valuation!
The big names involved have attracted some major attention to the upstart chain.
Today, we’re discussing how MegaETH is innovating on contemporary Ethereum Virtual Machine (EVM) blockchain implementations to provide industry-leading performance capabilities and decentralization guarantees.
⭐️ What Makes MegaETH Special
High-performance alt L1s require their nodes to perform identical tasks without specialization, imposing a fundamental tradeoff between performance and decentralization. In comparison, MegaETH takes advantage of Ethereum’s L2s technology to create differentiated roles for nodes with varying hardware requirements.
MegaETH decouples the task of transaction processing from full nodes and creates three major roles for infrastructure operators: sequencers, provers, and full nodes. Although actual block production becomes increasingly centralized with MegaETH, flexible hardware requirements from node specialization ensures trustless block validation and could provide industry-leading decentralization guarantees.
A single active MegaETH sequencer will be responsible for ordering and executing user transactions, eliminating the consensus process during normal operations, and will pass state differences (i.e.; changes to the blockchain’s state) to full nodes via a peer-to-peer network, who then apply the state diffs to update their local state. Notably, MegaETH transactions are not re-executed by full nodes to verify block integrity; they instead validate blocks indirectly using proofs provided by the prover.
While blockchains have frequently turned to one-off solutions like parallelization in their pursuit of scale, enabling transactions touching different parts of state to be processed simultaneously on multiple CPU cores, the benefits of this specific approach are limited by the fact that many transactions contain dependencies, resulting in only modest boosts from parallelization for blockchain speed.
Such ambitions necessitate scaling node hardware to its limits while preserving decentralization (achieved through specialization) and require the creation of a system innately designed to approach the theoretical upper performance limit for a decentralized blockchain.
To this end, the MegaETH sequencer will store the entirety of its state in-memory and be the first blockchain to implement in-memory compute, a critical feature for high-performance Web2 applications that should enable MegaETH to accelerate state access by 1,000x compared to alternative solid state drive storage methods utilized by competitors.
🧐 Closing Thoughts
The significant performance improvements targeted by MegaETH over contemporary EVM implementations should provide a major boost to L2 performance and could finally produce a decentralized blockchain capable of handling real-world adoption!
Although some contend that MegaETH is best suited as a competitor against an Ethereum ecosystem largely uninterested in scaling its base layer, the optimizations achieved by MegaETH are made possible solely through its ability to outsource security and censorship resistance to existing decentralized networks, like Ethereum and EigenLayer.
Written by JackInabinet
2 days ago
🚨 Here is the TOP 20 tokens from Grayscale Research for the coming quarter:
Grayscale Research has selected 20 tokens with “high potential for the coming quarter,” selected with consideration of “upcoming catalysts, trending market themes, and token-specific fundamentals.” »
https://www.grayscale.com/...
Grayscale Research has selected 20 tokens with “high potential for the coming quarter,” selected with consideration of “upcoming catalysts, trending market themes, and token-specific fundamentals.” »
https://www.grayscale.com/...
7 days ago
Crypto in 2024: Mid-Year Reflections
4 takeaways 👇
Crypto moves fast – like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, we’ll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. 👇
1️⃣ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didn’t stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2️⃣ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3️⃣ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solana’s innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solana’s network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4️⃣ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
💭 Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
4 takeaways 👇
Crypto moves fast – like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, we’ll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. 👇
1️⃣ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didn’t stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2️⃣ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3️⃣ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solana’s innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solana’s network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4️⃣ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
💭 Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
14 days ago
The Open Network has been a rare rocket ship during choppy markets 🚀
Here's how you can get started with the chain 👇
It's been hard to miss the rise of $TON over the past few months
Thanks to its integration with Telegram
& persistent price action The Open Network ecosystem continues to gain traction rapidly
These are the most active areas in the ton_blockchain
:
🎮 Telegram-Based P2E Games
Gaming has become a stand-out feature for TON, first with Notcoin and now with other games like CatizenAI and Hamster Kombat.
In summary, gaming on TON, whether through Catizen or Hamster Kombat, offers some (very) simple entertainment and real-world rewards, making it an attractive option for early speculators.
🔒 Liquid-Stake your TON for additional rewards
Like most PoS ecosystems, liquid staking with Tonstakers or Bemo Finance lets you use your TON to earn additional rewards.
- bemo_finance is another non-custodial liquid staking protocol on TON. It allows users to stake TON tokens and receive $stTON tokens in return that can be freely used in DeFi and increase in value as staking rewards are earned.
Both Tonstakers and Bemo Finance offer excellent opportunities for users to earn rewards through staking, making them valuable tools for maximizing your TON holdings.
🫳 Swap tokens on DEXs
DEXs lie at the center of TON’s DeFi ecosystem to drive the network forward, particularly http://STON.fi and DeDust.
💰 Lend through money markets
Lending platforms on TON offer additional ways to leverage your assets and turn a profit.
- evaaprotocol is a lending platform on the TON network that allows users to lend and borrow assets like TON, stTON, $tsTON , and $USDT directly from Telegram.
With double-digit interest rates for TON and USDT, the platform stands out as a competitive option for participating in DeFi and earning additional yield on your TON — way higher than with staking! The protocol currently has an XP points program, which can be later burned in exchange for the $EVAA token when it launches.
-
daolama_ton offers NFT lending for TON, currently supporting over 35 collections. On the platform, users can choose an NFT they’d like to rent out in exchange for TON, create a proposal, and then, when confirmed, receive TON based on the proposal's guidelines. Additionally, DAOLama’s marketplace offers a Buy Now, Pay Later feature for NFTs, allowing you to purchase NFTs like Anonymous Telegram Numbers 👀 for 41 TON instead of 113 TON.
In conclusion, Evaa Protocol and DAOLama TON offer unique and user-friendly lending solutions, providing even more avenues for earning yield on TON.
🤑 Trade crypto derivatives
For fans of derivatives trading, TON comes ready for platforms for trading crypto assets on up to 50x leverage.
storm_trade_ton is a decentralized derivatives trading platform built on TON and directly integrated with Telegram. Accessible via a web app and Telegram bot, Storm Trade provides trading features like leverage up to x50, instant price updates, and trading pairs with collateral in TON and USDT.
In addition, Storm Trade offers opportunities to earn through tournaments or by providing liquidity. In their daily tournaments, users compete for Storm Trade NFTs, which will whitelist them for the exchange’s token at launch. In their vaults, users can provide liquidity to act as a counterparty to traders on the platform and earn 70% of protocol fees. This can all be done directly from Telegram, making trading available on the go.
Written by
davewardonline✍️
Here's how you can get started with the chain 👇
It's been hard to miss the rise of $TON over the past few months
Thanks to its integration with Telegram
& persistent price action The Open Network ecosystem continues to gain traction rapidly
These are the most active areas in the ton_blockchain
:
🎮 Telegram-Based P2E Games
Gaming has become a stand-out feature for TON, first with Notcoin and now with other games like CatizenAI and Hamster Kombat.
In summary, gaming on TON, whether through Catizen or Hamster Kombat, offers some (very) simple entertainment and real-world rewards, making it an attractive option for early speculators.
🔒 Liquid-Stake your TON for additional rewards
Like most PoS ecosystems, liquid staking with Tonstakers or Bemo Finance lets you use your TON to earn additional rewards.
- bemo_finance is another non-custodial liquid staking protocol on TON. It allows users to stake TON tokens and receive $stTON tokens in return that can be freely used in DeFi and increase in value as staking rewards are earned.
Both Tonstakers and Bemo Finance offer excellent opportunities for users to earn rewards through staking, making them valuable tools for maximizing your TON holdings.
🫳 Swap tokens on DEXs
DEXs lie at the center of TON’s DeFi ecosystem to drive the network forward, particularly http://STON.fi and DeDust.
💰 Lend through money markets
Lending platforms on TON offer additional ways to leverage your assets and turn a profit.
- evaaprotocol is a lending platform on the TON network that allows users to lend and borrow assets like TON, stTON, $tsTON , and $USDT directly from Telegram.
With double-digit interest rates for TON and USDT, the platform stands out as a competitive option for participating in DeFi and earning additional yield on your TON — way higher than with staking! The protocol currently has an XP points program, which can be later burned in exchange for the $EVAA token when it launches.
-
daolama_ton offers NFT lending for TON, currently supporting over 35 collections. On the platform, users can choose an NFT they’d like to rent out in exchange for TON, create a proposal, and then, when confirmed, receive TON based on the proposal's guidelines. Additionally, DAOLama’s marketplace offers a Buy Now, Pay Later feature for NFTs, allowing you to purchase NFTs like Anonymous Telegram Numbers 👀 for 41 TON instead of 113 TON.
In conclusion, Evaa Protocol and DAOLama TON offer unique and user-friendly lending solutions, providing even more avenues for earning yield on TON.
🤑 Trade crypto derivatives
For fans of derivatives trading, TON comes ready for platforms for trading crypto assets on up to 50x leverage.
storm_trade_ton is a decentralized derivatives trading platform built on TON and directly integrated with Telegram. Accessible via a web app and Telegram bot, Storm Trade provides trading features like leverage up to x50, instant price updates, and trading pairs with collateral in TON and USDT.
In addition, Storm Trade offers opportunities to earn through tournaments or by providing liquidity. In their daily tournaments, users compete for Storm Trade NFTs, which will whitelist them for the exchange’s token at launch. In their vaults, users can provide liquidity to act as a counterparty to traders on the platform and earn 70% of protocol fees. This can all be done directly from Telegram, making trading available on the go.
Written by
davewardonline✍️
22 days ago
Oh, Crypto Jesus, hear our plea,
Solana’s full of scams, you see.
Sweep away the rugs and lies,
Clean it up, we're tired of cries.
No more pornstars, cut them short.
Their tokens make the space bizarre,
Send them off to a distant star.
Bless us, holders of $AMEN ,
Make us rich, again and again.
Let us swim in gold and glee,
With pet tigers, wild and free.
Touch the hearts of the jeets, we pray,
Convert them to hodl the right way.
Make the dev lose his keys or hands,
Stop him from making shady plans.
In the name of the Father, the Son, and the Holy Spirit,
$AMEN .
Solana’s full of scams, you see.
Sweep away the rugs and lies,
Clean it up, we're tired of cries.
No more pornstars, cut them short.
Their tokens make the space bizarre,
Send them off to a distant star.
Bless us, holders of $AMEN ,
Make us rich, again and again.
Let us swim in gold and glee,
With pet tigers, wild and free.
Touch the hearts of the jeets, we pray,
Convert them to hodl the right way.
Make the dev lose his keys or hands,
Stop him from making shady plans.
In the name of the Father, the Son, and the Holy Spirit,
$AMEN .
23 days ago
Solana has joined up with decentralized oracle solution Chainlink to construct an oracle that updates incredibly quickly.
Chainlink is a high-frequency oracle that can give price updates every 400 milliseconds and as a result of the massive adoption of Solana, Chainlink is needed in putting an end to certain kinds of market failures on the network. It's solving a fundamental problem that we see in the decentralized exchange space.
Chainlink is a high-frequency oracle that can give price updates every 400 milliseconds and as a result of the massive adoption of Solana, Chainlink is needed in putting an end to certain kinds of market failures on the network. It's solving a fundamental problem that we see in the decentralized exchange space.
23 days ago
(E)
🌟 Weekly Outlook Charts: June 10-14 🌟
$DXY strong rally off employment data, but revisions & FED rate cut decisions may impact. Resistance at 105-106; a close above invalidates my forecast. Central banks easing policies could push $DXY down. 💲
https://www.tradingview.co.../
📈 $SPY facing daily bearish divergence, but no fundamental changes for trend reversal. 5600 target remains. 📈
https://www.tradingview.co.../
🎢 $USOIL strong rally, but downside potential remains. 💡
https://www.tradingview.co.../
$DXY strong rally off employment data, but revisions & FED rate cut decisions may impact. Resistance at 105-106; a close above invalidates my forecast. Central banks easing policies could push $DXY down. 💲
https://www.tradingview.co.../
📈 $SPY facing daily bearish divergence, but no fundamental changes for trend reversal. 5600 target remains. 📈
https://www.tradingview.co.../
🎢 $USOIL strong rally, but downside potential remains. 💡
https://www.tradingview.co.../
