Blockchain
Kevin, Founder of UXUY: From Uniswap entering the public chain arena to seeing new opportunities in Telegram’s custom public chain
On the evening of October 10, Uniswap, the world’s largest decentralized cryptocurrency exchange, officially announced the launch of UniChain, a Layer 2 network built on Ethereum. Though it’s currently only live on the testnet, it has already captured significant market attention. $UNI’s price surged dramatically, increasing by 15% within 24 hours.
While media quickly reignited the old debate of whether “UNI can be further empowered,” my focus is on the release of UniChain itself. This launch could shake up the existing public chain landscape and redefine the competitive dynamics between DApps and public chains. It’s becoming clear that public chains will evolve beyond mere transfers and transactions, paving the way for diverse application scenarios. In other words, a new cycle of multi-chain growth in the crypto ecosystem is upon us.
The crypto ecosystem is entering a multi-chain era
Major exchanges and projects are rolling out their own public chains to serve their specific use cases. For example, Coinbase launched Base, Binance introduced BNB Chain, OpBNB, and Greenfield, and OKX recently rolled out X Layer. In the decentralized social space, the blockchain-based platform Farcaster was built on Base, and its flagship channel, Degen, not only issued the $DEGEN token but also launched a Layer 3 solution on Base.
Public chains are becoming more specialized and diversified, with tighter integration between chains and specific applications. The question now is: Are we entering the season of Chain Summer?
I’m confident that we’ll soon witness the rise of countless new public chains and novel application scenarios.
Uniswap founder Hayden Adams stated: “Just as Uniswap is the liquidity hub of the Ethereum network, UniChain has the potential to become the DeFi hub across many chains.”
Degen stands as a great example of the fusion between social platforms and public chains. By rewarding users for high-quality content, Degen enhances platform usability, attracts new users, and generates a growth flywheel. Degen’s founder, Jacek Trociński, explained: “The creation of the Degen chain is intended to provide developers with a vibrant playground and offer users a safe space to experiment with funds. Think of it as the blockchain version of Las Vegas—not so much about gambling, but more about the excitement of exploration and entertainment.”
Crypto developers are using the Degen chain to introduce innovative community governance models and participation mechanisms, including consumption, gaming payments, and more.
Telegram’s growing crypto ecosystem
With 900 million users, Telegram is rapidly becoming a new hub for the crypto world. A multitude of crypto DApps are being developed on the platform, and its vast user base has attracted the attention of major exchanges and projects.
Diverse application scenarios, such as blockchain gaming (GameFi), Real World Assets (RWA), and decentralized finance (DeFi)—are thriving, driving a growing demand for custom public chains.
UXUY, a decentralized multi-chain wallet built for Telegram, has officially launched its custom mainnet feature. Users can now easily create and manage over 100 EVM-compatible mainnets and testnets through the UXUY Telegram wallet, including emerging networks like DuckChain, a Layer 2 network on Ton. This allows users to seamlessly participate in airdrops and interact with DApps on new public chains, all without the need for complex operations.
In addition, UXUY Connect will support custom mainnets, offering developers greater flexibility in building diverse DApps. This custom network and testnet support enhances the development experience, allowing comprehensive testing and smooth deployment across different environments, meeting the needs of increasingly complex crypto applications.
UXUY is committed to actively supporting emerging public chains and new infrastructure, embracing the new era of multi-chain growth.
The post Kevin, Founder of UXUY: From Uniswap entering the public chain arena to seeing new opportunities in Telegram’s custom public chain appeared first on HIPTHER Alerts.
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Blockchain
Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin)
Blockchain technology continues to drive innovation across industries, reshaping finance, infrastructure, and philanthropy. Today’s news roundup explores exciting developments in blockchain ETFs, tokenization funding, quantum-resistant chips, public blockchain initiatives, and impactful social projects. Here’s a deep dive into the latest blockchain headlines:
BlackRock ETF Embraces Blockchain with First Muni Bond Purchase
BlackRock’s blockchain-focused ETF has made its first foray into municipal bonds, signaling increased confidence in integrating blockchain technology with traditional finance. The ETF’s strategic investment demonstrates how blockchain can enhance transparency and efficiency in bond markets.
By tokenizing municipal bonds, BlackRock aims to simplify trading and settlement processes while reducing associated costs. This development underscores the growing role of blockchain in transforming financial instruments and fostering greater market accessibility.
Source: Yahoo Finance
Plume Secures Funding for Tokenization Platform
Blockchain fintech company Plume has raised significant funding to advance its tokenization platform. The company’s innovative approach enables businesses to convert real-world assets into digital tokens, streamlining asset management and unlocking liquidity.
Tokenization is rapidly gaining traction as a game-changer in sectors such as real estate, art, and commodities. Plume’s success reflects a broader trend of investment in blockchain solutions that bridge the gap between traditional assets and decentralized technologies.
Source: Fortune
SEALSQ and Hedera Partner for Quantum-Resistant Blockchain Chips
SEALSQ and Hedera have announced a groundbreaking collaboration to develop quantum-resistant chips designed to secure blockchain infrastructure. These advanced chips will provide robust protection against future quantum computing threats, ensuring the integrity of blockchain networks.
As quantum computing capabilities evolve, safeguarding blockchain ecosystems becomes increasingly critical. This partnership highlights the importance of proactive measures in maintaining the resilience and trustworthiness of decentralized systems.
Source: The Quantum Insider
Deutsche Bank’s Public, Permissioned Blockchain Initiative
Deutsche Bank’s Layer 2 blockchain solution is set to go public and operate as a permissioned network, according to its tech partner. This initiative aims to strike a balance between accessibility and security, leveraging blockchain to streamline financial services and enhance operational efficiency.
The decision to adopt a public, permissioned model reflects a growing trend among enterprises seeking to harness the benefits of decentralization while maintaining control over sensitive data. Deutsche Bank’s approach could serve as a blueprint for other financial institutions exploring blockchain adoption.
Source: CoinDesk
KuCoin’s “Light Up Africa” Initiative Brings Hope to Thousands
Cryptocurrency exchange KuCoin has made a significant impact through its “Light Up Africa” donation ceremony in Ghana, benefiting 36,000 children across the continent. The initiative combines blockchain technology with philanthropy to address energy poverty and support education.
By leveraging blockchain for transparency in charitable contributions, KuCoin sets an example of how the crypto industry can drive meaningful social change. The project demonstrates the potential of blockchain to empower communities and foster sustainable development.
Source: PR Newswire
Industry Implications and Key Takeaways
Today’s developments highlight the transformative potential of blockchain across multiple domains:
- Integration with Traditional Finance: BlackRock’s ETF underscores the synergy between blockchain and established financial systems.
- Tokenization Trends: Plume’s funding success reflects the growing demand for digital asset solutions.
- Quantum-Resistant Technologies: SEALSQ and Hedera’s partnership addresses emerging cybersecurity challenges.
- Enterprise Blockchain Adoption: Deutsche Bank’s public, permissioned network showcases the adaptability of blockchain in financial services.
- Social Impact: KuCoin’s philanthropic efforts illustrate blockchain’s capacity to drive positive societal outcomes.
The post Blocks & Headlines: Today in Blockchain (BlackRock, Plume, SEALSQ, Hedera, Deutsche Bank, KuCoin) appeared first on News, Events, Advertising Options.
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