Japan's household expenditure year-on-year in July

📊 Top 10 Ethereum ecosystem projects by developer activity over the last 30 days from Santiment: $LINK 🥇 $STRK 🥈 $ETH🥉 $EIGEN $MANA $AXL $SNT $SUSD $SNX $LQTY

💫 While US dollar-backed stablecoins hold 90% market share in stablecoin transactions, the share of transactions directly using US dollars is 10%. The usage share of Euro-backed stablecoins is 1.1%.

How is the OP ecology now? Is it worth laying out? Next, I will disassemble the OP's current situation through the perspective of two dimensions. Ecology & Project The Future of the OP Stack Ecology & Project So far, from the perspective of data, Arbitrum is still the leader of Layer 2, and OP is still at a disadvantage in terms of ecology. However, with the wide adoption of OP Stack, OP has recently gained more market attention (Basechain, Worldcoin)—even though the unlocking continues, the overall market value of OP has been growing. It is worth mentioning that OP has surpassed Arbitrum in terms of average daily transaction volume, which is a situation of blood-sucking Arbitrum. TVL also has an upward trend. OP Head Protocol Velo is a DEX with ve3,3 architecture...

The concept of re-staking is creating a new wave of excitement in the blockchain world. The Solayer project within the Solana ecosystem is standing out in this capital efficiency competition, showcasing unique innovative ideas and technical strength. The uniqueness of Solayer lies in its clever combination of Solana's high-performance advantages with enhanced capital efficiency. By introducing a multi-executor architecture and adopting InfiniSVM and RDMA technologies, Solayer not only achieves the re-staking function but also significantly improves network performance. This dual protocol design of "re-staking + performance enhancement" brings new possibilities to the Solana ecosystem. In terms of mechanism design, Solayer introduces differentiated Quality of Service (QoS) based on the scale of staking. This innovation provides institutional users with a faster and more stable service experience, particularly suitable for business scenarios that require high timeliness, such as clearing, cross-chain, and market making. However, this differentiated service may also lead to a decrease in participation from small investors. The token LAYER of Solayer is designed to balance governance, incentives, and value capture across multiple aspects. Its buyback and burn mechanism in the fee market provides long-term value support for the token. However, whether token governance can truly reflect community wishes and avoid power concentration still needs time to verify. In terms of ecological layout, Solayer is building a complete financial ecosystem that encompasses re-staked assets, derivative assets (sSOL), and stable payment tools (sUSD). This layout demonstrates that Solayer is not just a single protocol, but is expected to become the infrastructure that stimulates the "financial flywheel" effect. However, the development of Solayer also faces some challenges. Higher hardware requirements may lead to the centralization of node operations, which contradicts the concept of decentralization. In addition, issues such as regulatory compliance also need to be handled cautiously by the project team. Overall, Solayer represents an important attempt by the Solana ecosystem in re-staking and capital efficiency optimization. It not only showcases the opportunities brought by innovative technology but also highlights challenges in areas such as decentralization, inclusivity, and compliance. The future development of Solayer will have a significant impact on whether Solana can gain a competitive edge in capital efficiency. As the project further evolves, the industry will closely monitor how Solayer balances the three core elements of efficiency, security, and decentralization.

Recently, an innovative cross-chain alliance is exploring the possibility of integrating blockchain games and decentralized physical infrastructure (DePIN) under the same credential system. This alliance has chosen sSOL and sUSD as the core credentials for managing various aspects of operations. The alliance uses sSOL multiplied by the holding time to determine membership, item discounts, and quarterly rewards, while processing profit distribution and external settlement through sUSD. During peak activity periods, the operations team can quickly adjust the routing depth of sSOL to the liquidity pool, optimizing market liquidity without the cumbersome processes of redemption, transfer, and re-mortgaging. Two weeks after implementation, the alliance has achieved significant results. The processing time for profit distribution has been shortened from the original T+2 days to hourly levels on the same day, and the error rate has decreased from a percentage to a few thousandths. The labor cost for new members joining has been reduced by over 30%. This model is similarly applied to crowdsourced mapping nodes, allowing new categories to go live with only weight adjustments, and node qualifications can be activated within 30 seconds, greatly improving operational efficiency. It is worth noting that this credential system facilitates cross-field collaboration. Creator platforms use sSOL snapshots to allocate advertising revenue and tips, and the performance industry also recognizes this credential for priority ticket purchases and whitelist eligibility. Users do not need to repeatedly verify their identity and achievements across different systems, greatly simplifying cross-platform interactions. This innovative approach transforms the operational rhythms of various businesses into verifiable parameters, shifting inter-organizational communication from verbal descriptions to visually accessible data. With the widespread application of this common credential language in the ecosystem, its reuse rate continues to increase, bringing more efficient collaboration models and growth potential to the entire ecosystem.