LianGuaiWeb3.0 Daily | TRON Mainnet Will Soon Release Chiron Version

LianGuaiWeb3.0 Daily | TRON Mainnet to Release Chiron Version Soon

DeFi Data

1. Total market cap of DeFi tokens: $44.943 billion

• Duties Embezzlement Crime in the Employee Risk Prevention of NFT Digital Collection Company
• The golden age of Web3 protocol unlocking the potential of the future economy
• Decentralization and protocolization of the whole-chain game

DeFi total market cap and top ten tokens. Source: Coingecko

2. Trading volume of decentralized exchanges in the past 24 hours: $3.265 billion

Trading volume of decentralized exchanges in the past 24 hours. Source: Coingecko

3. Locked assets in DeFi: $38.536 billion

Source: Defillama

NFT Data

1. Total market cap of NFT: $14.34 billion

Total market cap of NFT and top ten projects. Source: Coinmarketcap

2. 24-hour NFT trading volume: $812 million

24-hour NFT trading volume and top ten projects. Source: Coinmarketcap

3. Top ten NFTs in the past 24 hours

Top ten NFTs sold in the past 24 hours. Source: NFTGO

Headline

TRON mainnet Chilon version to be released soon

According to official sources, the TRON community is expected to release the GreatVoyage-v4.7.3 (Chilon) version in Q4 2023, which will introduce several key upgrades. These include a more comprehensive gRPC access interface, faster node startup and initialization, more stable network connections, and more efficient network throughput performance.
It is reported that Chilon is a non-mandatory upgrade version that will bring users a more user-friendly development experience, including richer gRPC interfaces and faster node startup speed. In addition, by optimizing disconnection strategies and synchronization processes, this version will improve the stability of connections between nodes. At the same time, by improving transaction processing logic and database query performance, it will enhance transaction packaging efficiency and network throughput. The release of the Chilon version is expected to greatly enhance the convenience of TRON network development, significantly improve the speed of node startup and initialization, and optimize the performance of the network infrastructure.

NFT/Digital Collectibles Highlights

1. Report: Bitcoin Ordinals continue to grow despite the downturn in the NFT market

LianGuai reported that Galaxy Research has released its second report on the Bitcoin Ordinals series. The preliminary report for March 2023 introduced the emergence of Ordinals as a new approach to Bitcoin digital collectibles. The latest report delves into the progress and changes in the field since then.
The report states that in the first 200 days since the launch of Bitcoin Ordinals, 1.14 million image-based inscriptions have been created. This growth rate is faster than the total of NFTs in the first 200 days on Ethereum, Solana, and Polygon. The report does not include the trading volume of BRC-20 tokens. However, even without including BRC-20 tokens, Bitcoin remains the third most popular chain in digital collectible activities. By the end of 2023, the trading volume of Ordinals is expected to reach approximately $725 million.
It is worth noting that despite this upward trend, the overall trading volume of NFTs on all chains has been declining. According to data from Cryptoslam, monthly NFT trading volume has been declining for six consecutive months from February to August 2023. The total sales volume in September 2023 was $294 million, the lowest level of NFT sales since January 2021.

2. CLONE X series NFT trading volume increased by 356.77% in the past 24 hours

According to data from NFTGo, the trading volume of CLONE X series NFT reached 511.86 ETH in the past 24 hours, with a 356.77% increase. The current floor price is 1.1 ETH.

3. OpenSea V1 API will be closed on December 5th

OpenSea API stated on social media that they have been narrowing the functional differences between V1 and V2 API in the past 3 months. Today, 7 new endpoints have been opened to the public. On December 5th, OpenSea V1 API will be closed.

DeFi Highlights

1. Aave DAO acquires 390,000 GHO tokens to support anchoring plan

On October 7th, Marc Zeller, the integration lead of Aave, stated in a post on X platform that Aave DAO has acquired 390,000 GHO tokens to support the anchoring plan. Marc Zeller also mentioned that more anchoring plans will be initiated, including rate modifications, repurchases, and the establishment of a GHO liquidity committee.

2. The total locked value on Ethereum Layer2 is $10.762 billion

According to L2BEAT data, the total locked value on Ethereum Layer2 is $10.762 billion, with a 0.05% increase in the past 7 days. The highest locked value is on the scaling solution Arbitrum One, which is approximately $5.869 billion, accounting for 54.53%. The second is Optimism, with a locked value of $2.730 billion, accounting for 25.36%.

3. TRON mainnet will release the Chilon version soon

According to official news, the TRON community is expected to release the GreatVoyage-v4.7.3 (Chilon) version in Q4 2023, which will introduce several key upgrades. These upgrades include richer gRPC access interfaces, faster node startup and initialization, more stable network connections, and more efficient network throughput performance.

Chilon is a non-mandatory upgrade version that will bring a more user-friendly development experience, including richer gRPC interfaces and faster node startup speed. In addition, by optimizing disconnection strategies and synchronization processes, this version will improve the stability of connections between nodes. It will also improve transaction processing logic and database query performance, enhancing transaction packaging efficiency and network throughput. The release of the Chilon version is expected to enhance the convenience of TRON network development, significantly improve node startup and initialization speed, and greatly optimize network infrastructure performance.

4. Flow initiates a new community proposal “EVM on Flow” to introduce full EVM compatibility

On October 7th, the Flow community initiated the “EVM on Flow” proposal, aiming to introduce a way to achieve full EVM compatibility on Flow, allowing developers to deploy any Ethereum DApp flexibly without changing the code, to fully leverage Flow’s native features. Developers can still write Cadence smart contracts to extend and build Solidity smart contracts with full composability.

5. Vitalik: Protocol and staking pool changes can improve decentralization and reduce consensus costs

LianGuai reports that Vitalik Buterin, co-founder of Ethereum, has released a blog post stating that the current state of Ethereum can be described as including a large portion of emerging dual-layer staking. Dual-layer staking involves two types of participants: node operators and delegators. However, these two forms of staking have two main flaws: centralization risks for node operators and lack of consensus layer burden. Vitalik believes that these issues can be addressed by expanding representative selection rights and increasing consensus participation. If done well, adjusting the staking design can solve two problems at once:
1. Providing an opportunity for people who do not have the resources or ability to stake independently today to participate in staking and thus gain more power.
2. Reducing the number of signatures that the Ethereum consensus layer needs to process in each time slot to a smaller number, such as around 10,000.
For solutions like this, there are different layers of abstraction, and the solutions to the problem can exist within these layers of abstraction: the power granted to users in the staking pool protocol, the choices users have between staking pool protocols, and the provisions within the protocols. This choice should be carefully considered, minimizing feasible provisions, minimizing the complexity of the protocol and the degree of change in the protocol economics, while still achieving the intended goals, which is usually the best.

Metaverse Hotspot

1. BMW Becomes the First Car Manufacturer to Introduce Digital Cars in the “Fortnite” Metaverse

LianGuai reports that German car manufacturer BMW has announced the introduction of the digital car BMW iX2 in the “Fortnite” metaverse, making it the first car manufacturer to introduce digital cars in “Fortnite”. It is reported that BMW has also created a virtual island city, “Hypnopolis”, in “Fortnite” to provide a better experience of digital cars for users.

Disclaimer: As a blockchain information platform, the articles published by LianGuai are for informational reference only and should not be taken as actual investment advice. Please establish the correct investment concept and be sure to increase risk awareness.

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