Evening Must-Read | Cancun Upgrade is Coming Soon, Reviewing Key Milestones in Ethereum’s History

Cancun upgrade coming soon, reviewing Ethereum's key milestones.

1. Is the surge of on-chain data in the zkSync Era a bubble or a real ecosystem?

Since the zkSync Era mainnet went live on March 24th, TVL has reached $627 million in just three months, accounting for 6.48% of the entire Layer2 sector and becoming the third largest Layer2 network with a weekly growth rate of nearly 20%. Currently, the number of independent addresses on zkSync Era has exceeded one million. Click to read more.

2. Has NFT project Azuki fallen from grace? Is the image collision incident deepening the trust crisis?

On June 28th, NFT project Azuki’s new series Elemental Beans completed its presale. On-chain data shows that a total of 5862 addresses received them, and there was no surplus for public sale. However, the “image collision” incident caused by the new NFT has plunged the official into a trust crisis. Click to read more.

3. Digging deep into the airdrop hunters: “Riding on the coattails” or high-quality users?

Since Uniswap began using airdrop strategies to reward early users in 2020, airdrops have caused a huge wave in Web3. Influenced by this, the number of people looking for the next “free lunch” (finding new airdrop projects) has surged in many projects. Today, nearly three years have passed since the Uniswap airdrop, and many large projects have followed suit, using airdrops to reward users or attract attention. According to X-explore’s estimates, in March of this year, more than 20% of the airdrops in Arbitrum airdrop were taken by the so-called “freeloaders” who used Sybil attacks. Therefore, we hope to answer the following two questions by analyzing users who have successfully received airdrops multiple times: Click to read more.

4. Azuki’s faith collapsed. Is the narrative of small-picture NFTs over?

Azuki staged a “double-sided world” that made the sluggish NFT market noisy again. In such a bear market, Azuki’s new series “Azuki Elementals” sold out in less than 20 minutes at a price of 1 ETH. In less than 20 minutes, it raised 20,000 ETH (about 37.406 million U.S. dollars), with an income of more than 2 million U.S. dollars per minute. After the sale, from Twitter to WeChat group chats, everyone was “amazed”. Some said that no one is interested in NFTs anymore, and some said that it’s really easy to make money in a bear market… More than two hours later, Azuki Elementals was released, and everyone exclaimed “WTF”. Is this an increase? Click to read more.

• Is the surge in zkSync Era on-chain data a bubble or a real ecosystem?
• As the staking rewards for Ether decrease, the protocol will have to seek innovative solutions.
• Exclusive new research on SUI: Distorted emissions? Dumping of non-tradable tokens?

5. Cancun Upgrade is Coming Soon: Reviewing Key Milestones in Ethereum History

Even today, blockchain technology can be considered a new technology. Although the basic concepts related to blockchain (cryptography, decentralization, peer-to-peer networks, and transactions) have been researched for decades, it was not until the birth of Bitcoin in 2008 that people believed these concepts could be combined to create usable products. Especially for Ethereum, it did not appear in people’s sight until 2015 in an open and usable form. Although the expected development timeline and specific details have changed, Ethereum still insists on advancing according to the plan, constantly upgrading the protocol to ensure improved usability, security, functionality, and decentralization. Click to read

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