Rollup · 2359

Gnosis Chain received approval from GnosisDAO to transform into an EEZ Rollup, which will be the first production-level instance

Comparatively, GnosisDAO approved the transformation of the blockchain network Gnosis Chain from an independent Layer 1 network to an Ethereum Economic Zone (EEZ) Rollup with zero knowledge certification. The network will eliminate the set of independent validators and let Ethereum validators complete transaction settlement instead. The proposal received 123,158 GNOs in favor, 115 against, and 151 abstentions. The vote involved 54 participants, and the total number of participants reached 123,425 GNOs, which is above the quorum threshold of 75,000 GNOs. The upgrade is initially scheduled to begin in late 2026 or early 2027, depending on EEZ technical preparations. After the upgrade, Gnosis Chain's native smart contract can call Ethereum and use return results in the same transaction, while also connecting to Ethereum mainnet assets and liquidity. Gnosis Chain will be the first EEZ instance to be deployed and will preserve existing apps, balances, and xDAI fuel tokens.

2d ago

After eight years of investment, why did Ethereum abandon Poseidon?

Author: ChandlerZ, Foresight News Original title: After eight years of sharp turns, why did Ethereum suddenly abandon Poseidon? On August 13, Ethereum researcher Justin Drake wrote on X that the Ethereum Fund decided to abandon the SNARK-friendly hash algorithm Poseidon at the L1 layer and instead use traditional hash functions such as SHA2 or BLAKE2. Behind this decision is eight years of research, the accumulation of tens of millions of dollars, and a major revision to the post-quantum cryptography roadmap. Since its launch in 2019, Poseidon has been regarded as an ideal hashing scheme for applications such as zkRollup and zKVM. Its structure makes it cheaper and more efficient than traditional binary-based hash functions in SNARK circuits. But when post-quantum security became a hard requirement for Ethereum, Poseidon's limitations began to be exposed. Justin Drake said that this shift is due to groundbreaking SNARK design progress, that is, the performance of traditional hash functions in SNARK circuits is comparable to that of Poseidon, which was previously designed specifically for SNARK optimization. A single laptop can verify about 1 million traditional hash calls per second. According to the article, Poseidon has been the mainstream SNARK-friendly hashing scheme since its launch in 2019, providing security guarantees for applications such as zkRollup and zKVM. Justin Drake said that the plan shows that production-grade LeanVM is expected to be launched in 2027, the relevant deployment of the consensus layer, data layer and execution layer is expected to be completed in 2028, and the quantum team is also accelerating research related to the binary domain after the Ethereum Foundation. Why now? Traditional hashes have been difficult to enter SNARK for a long time, and the main obstacle comes from differences in computational languages. SHA2, BLAKE2s, and Keccak make extensive use of Boolean operations such as XOR and shift. Traditional SNARK usually processes arithmetic on large prime numbers, and simulating every bit operation can incur high constraint costs. Poseidon is designed directly around prime field arithmetic, with fewer constraints in exchange for higher proof speed. The cost is that the algorithm has a short history and requires continuous cryptographic analysis. The binary domain switches the underlying math to the smallest element domain containing only 0 and 1, and uses the binary domain extension to carry larger data. As a result, bit computation can directly enter the proof system. SNARK began to adapt to traditional hashes, and the technical focus changed from designing SNARK-friendly hashes to designing hash-friendly SNARKs. Binius, proposed by Jim Posen and Benjamin Diamond in 2023, shows the binary tower domain SNARK path. The Flock paper by Benedikt Bünz, Ron Rothblum, and William Wang was uploaded to arXiv on July 29, 2026. Its M4 Max benchmark is that a single core proves 82,000 times of BLAKE3 compression and 42,000 SHA- cycles per second With 256 compression and 30,000 Keccak replacements, the 10-core BLAKE3 has a throughput of over 660,000 times. According to Drake, the laptop can prove about 1 million traditional hash calls per second, which is about 100 times the cost of native CPU Boolean calculations; SNARK.fast reached 1.8 million BLAKE3 per second on M3 Max a few days ago. LeanVM in 2027, the 2028 three-tier deployment Another key reason for the abandonment of Poseidon is that the post-quantum security timeline is accelerating. “The Quantum Threat to Blockchains - 2026 Report” published by Project Eleven points out that the rapid development of quantum computers poses a serious threat to blockchain security. Once a “cryptographics-related quantum computer” (CRQC) appears, the Shor algorithm can quickly crack asymmetric cryptography such as ECDSA (used by Bitcoin and most public chains) and RSA. It is expected that Q-Day (quantum decryption day) may be between 2030 and 203...

5d agoForesight News#L1 #Ethereum

Offchain Labs Co-Founder: Arbitrum's Decisions Have Been Questioned, and the Industry Is Aligning in Its Direction

Comparing news, Offchain Labs co-founder Steven Goldfeder tweeted that Arbitrum has always been ahead of the times in many ways. The team strongly advocated interactive proof design (controversial at the time, now an optimistic Rollup standard); chose to establish a business when the business model was still highly controversial; focused on DeFi when most people didn't understand perpetual contracts and many people abandoned DeFi; and launched a dedicated blockchain when the industry generally thought no more chains were needed. Every time they have faced a rebound, but now the industry is aligning themselves in the direction they started from day one: building a robust and high-performance financial infrastructure. Goldfeder is proud that the Offchain team delivered world-class products extremely quickly, and said they will continue to deliver, even if most people don't currently understand the need, and the industry will soon understand.

9d ago

588 days, 300+ Web3 projects fall: who's still at the table?

Source: Foresight News Author: Eric Original title: In 588 days, 300+ Web3 projects sank into the deep sea and sailed a thousand sails by the side of a sinking ship, and the disease tree is ahead of time. On the way to prosperity, any industry must go through a round of “dead bodies are everywhere” of elimination, and Web3 is no exception. According to Foresight News's review of public information, since 2025, at least 78 Web3 projects with a total funding amount of more than 1.5 million US dollars have been announced to be shut down. Of these, 69 projects that can confirm the amount of financing have taken away more than 900 million US dollars in total. If you count the small projects that didn't get financing from institutions and died silently, the total number is far over 300. This means that over the past nearly 600 days, an average Web3 project died every two days, or was famous or unknown. Of the 75 projects counted by Foresight News, 37 were shut down throughout 2025, while 41 were shut down in just half of 2026, and 17 were shut down in a single quarter in the second quarter, setting the highest number in a single quarter since this round of clearance. The “hot” DappRadar, Zapper, and established exchanges including BitMEX and AscendEX (formerly BitMax) in the last round of the bull market have all put an end to their business careers in nearly two years. The reshuffle did not stop as the market picked up; on the contrary, it accelerated. After receiving millions of dollars or even tens of millions of dollars in financing, every team that has stepped into this new world has had the proud ambition of “laughing at the sky and going out. Are our generation people from Fenghao?” But after a few years of being baptized in the market, these cold and cruel numbers are still in front of everyone's eyes. Emerging markets are also markets, and Web3 isn't more gentle than other industries. “Not being able to support myself” is the number one “cause of death”. Looking at the “cause of death” of 75 projects, the first one ranked was “insufficient funding,” with 31 projects falling on this issue, accounting for more than 40%; followed by “insufficient market demand,” and 17 companies shut down as a result. The two added up are close to two-thirds of the total. In other words, the vast majority of projects die for only one reason: they have never been able to support themselves. The expressions used by these projects in the shutdown announcement are similar. Many of them say “after trying our best to find a path to sustainable development, we have not found a path to sustainable development.” The subtext of this sentence is: At the beginning of the project, there was actually no idea how to do it, or the initial idea was very different from the actual situation in the market. Some industry observers rated this wave of bankruptcy as “a direct reflection of the failure of the business model and the breakdown of the capital chain, rather than simply fluctuating market sentiment,” which can be described as hitting the head. The investment logic of the primary market has completely changed in the past two years. The first question investors meet is no longer “how much room do you have for imagination”, but “how to make money.” The first batch of projects whose revenue did not cover operating costs or tell a new story fell after the financing floodgates were tightened. The OSL Institute summarized this shift in its annual report as the industry moving from the “first half” to the “second half”: a growth model driven by rising asset prices and innovative agreements came to an end, and the market moved “from narrative to delivery.” To put it more bluntly, the market and capital are no longer willing to pay for “experiments,” and the project's self-hematopoietic ability has become a necessity. Compared to the reason they wanted to be clear, the five projects that announced that the “model is unsustainable” seemed much more honest. For example, Goldfinch, which made unsecured credit loans, lost blood and shut down due to continued bad loans to emerging market companies; the social game Fantasy.Top, which is a popular social game that relies on tokens to motivate, makes it difficult to sustain the incentive model after the popularity recedes. The “unsustainable model” is a very interesting reason for the collapse. Most unsecured credit loans in traditional financial markets are based on big data or personal past credit records to set reasonable limits. As an emerging “lending company,” Goldfinch dares to provide unsecured credit loans in emerging markets without credit data. This is not a problem that can be solved by cryptocurrency and Web3 alone. Obviously, the reason for the birth of this company with a total financing amount of nearly 40 million is hard to convince. I don't know how top institutions like a16z were fooled into entering the market. Additionally, some companies have died due to regulation. Mango Markets shut down through a community vote after reaching a settlement with the SEC...

10d ago22#WEB3

Vitalik updates Ethereum roadmap: quantum security, privacy protection, and AI-assisted formal verification become new priorities

In comparison, Ethereum co-founder Vitalik Buterin wrote on the X platform that he has updated the 2023 Ethereum roadmap and compared the technical direction in the previous roadmap with the current “Strawmap” plan. Vitalik said there is a large overlap between the two as a whole, but some technology priorities and implementation paths have changed. Vitalik said that some directions have been reordered, such as the importance of quantum safety technology being further enhanced; some project priorities have been reduced, including VDF (verifiable delay function) and some EVM improvement solutions; other technical routes have been replaced by more advanced solutions, such as Verkle Tree evolving into a unified BT (Binary Tree), and state expiration (state expiry) is shifting to a new state type design. Vitalik pointed out that the most obvious change in the current roadmap is the addition of some new directions that do not yet exist in the 2023 roadmap, reflecting a shift in the focus of Ethereum's future development, including: strengthening privacy protection: Ethereum will pay more attention to native privacy capabilities. Related directions include keyed random numbers (keyed nonces), recent state roots (recent roots), FOCIL partial design, lightweight privacy pool (lean privacy pool), and wormholes; facing backwards Scaling solutions for the quantum age: including technologies such as LeanSphincs signatures, signature aggregation, and zkzk frames; streamlining protocol specifications to promote formal verification: Vitalik believes that formal verification of the entire Ethereum protocol is becoming possible using modern AI tools; Blob and Gas futures mechanisms: this direction did not appear when the 2023 roadmap was drawn; Native Rollup support: As zero-knowledge proof technology matured, Ethereum began exploring deeper levels of Rollup integration; redesigning future EVM architectures: In the future, Ethereum may introduce new, simpler and more efficient instruction sets (ISAs), such as LeanISA and RISC-V, and explore making EVM an intermediate representation (IR) on top of it. Vitalik said that future Ethereum expansion ideas are changing: rather than allowing the entire network to expand all types of activities indefinitely, Ethereum will use more specialized mechanisms to meet current and future high-load requirements by designing more efficient structures for specific scenarios, such as token transfers, transactions, and privacy agreements. Furthermore, Vitalik emphasized that STARK proof technology and AI-assisted formal verification will be the core foundation for the development of Ethereum technology. He said that recursive STARK will play a role at multiple levels of the protocol, and large-scale application of these complex cryptographic structures requires formal verification to ensure security. Vitalik concluded that in the future, Ethereum will continue to develop in the direction of “quantum security, privacy first, security and reliability, censorship resistance, high performance, and scalability”, and eventually become a leaner (lean) protocol system.

12d ago

2036: The world we will face in ten years

Source: Tiger Research Authors: Ekko an, Ryan Yoon Compiled and edited by: BitPushNews Translator's Note/ TL; DR This article uses a fictional perspective from 2036 to reveal the core evolution of blockchain over the next ten years: no longer tell big stories, but completely infiltrate the underlying infrastructure. Extreme pragmatism (stablecoin): Say goodbye to hype, become an underground hard currency to replace fiat currency in regions with high inflation, and even reverse erode national finance and taxation rights. Everything can be traded (RWA): Stocks, real estate, and bonds are fully tokenized, and highly leveraged transactions without borders around the clock have become the daily investment routine of the younger generation. Infrastructure clean-up (wave of L2 bankruptcies): 99% of redundant public chains that depended on airdrops and subsidies completely disappeared, leaving only a few top monopoly public chains in the end. Restructuring Internet commerce (machine economy): AI traffic surpasses humans, and traditional advertising completely fails; with the rise of micropayment protocols (x402), AI agents pay as needed to become the main source of monetization for Internet content. Below is the text: ----------As of 2026, blockchain technology has not changed the world. But will it bring about significant changes by 2036? All aboard — the time machine is about to depart for 2036. 1. “Does anyone else use banknotes?” In 2036, Zutopia — a fictional, inflation-prone country — a currency exchange office. Judy, who has been working in this job for 34 years, pulled out a banknote counter from the drawer and began to count Buck notes. “There are people who use Buck.” That makes sense. Buck — the currency of this inflation-prone country — depreciates every day. It still exists by law, but no one actually uses it anymore. Everyone uses US dollar stablecoins in their daily lives. Tick-tick-tock. Judy listened to the banknote counter loudly counting banknotes, recalling all these years. In 2002, Judy was 22 years old. That year, Zutopia declared that the country had breached its contract. Banks have locked their doors, and people can't withdraw the deposits they have saved for the rest of their lives. “We have to replace it now.” Judy's father said. As soon as your salary is paid, you must immediately convert it to US dollars. Even after just one day, Buck's purchasing power will visibly shrink with the naked eye. People look at the black market dollar exchange rate more positively than reading the front pages of newspapers. “How much is the dollar today?” This question opens up every day. Buying dollars at the official exchange rate is almost impossible. The government sets a monthly foreign exchange purchase limit for each person, and no one knows when banks will freeze dollar deposits. Then, in the mid-2020s, young clients started asking her a question she couldn't understand. “Can USDT be exchanged?” At first, only a few freelancers and exporters would use it to receive overseas remittances. There is no need for a bank, and there are no long lines in front of the exchange counter. With a mobile phone, you can exchange Bucks for stablecoins, and then exchange them back when needed. At the time, Judy never thought this would replace her job. Older people still need cash, and so do many businesses. But the team got shorter little by little. Younger clients disappear first, followed by middle-aged people. By 2030, no one will even line up for payday. Once the company had no reason to hold Buck, they began paying part of their wages directly in stablecoins. Buck has become a currency you only need to pay taxes and utility bills. In 2033, the Inland Revenue Department changed its position. The calculation is simple: using stablecoins to collect tax arrears is more cost-effective than collecting Buck. A short notice was posted on the website: “USDC and USDT can be used as alternative payment methods for tax returns.” Buck still exists, but the country itself has just announced that it would rather accept other people's money than its own currency. In 2034, the Ministry of Finance followed suit. The auction of treasury bonds denominated in bucks failed one after another, and the Ministry of Finance eventually issued new bonds denominated in US dollar stablecoins. Civil servants' wages followed closely. In 2035, some state governments will begin to pay half of civil servants' wages in stablecoins — because those who only get paid Buck are the first to be hit by inflation and the hardest hit. Printing money, collecting taxes, paying public servants — these have always been powers unique to the country. Little by little, this power is being transferred to stablecoins. As of May 2026, the total market value of stablecoins was approximately US$320 billion, with an annual trading volume of US$28 trillion. Compared to the US wholesale payment network processing more than $2 trillion a day, this is less than three weeks of transaction volume. After excluding market washing transactions and false transaction volumes, less than 6% was actually used for actual payments. The remaining 88% simply circulates within the exchange — transactions, collateral, and back. The question is where exactly did that 6% happen...

18d agoWendy#AI #RWA #x402 #AI #Smart body #stablecoins

The head of Robinhood Crypto personally stated: Meme+ tokenizing US stocks is a “barbell” customer acquisition strategy, and all business lines have already achieved hundreds of millions of dollars in revenue

Original title: Johann Kerbrat: Inside Robin Hood's Crypto Strategy (Full Coverage) Original Article Source: TheRollup Compilation: Shenchao TechFlow Interest Statement Johann Kerbrat is a Robinhood executive responsible for the entire crypto business product line (including Robinhood Chain, tokenized stocks, pledge services, and perpetual contracts), Its compensation and equity incentives are directly tied to $HOOD's share price. All discussions on the Robinhood Chain in this issue relate to the business it is directly responsible for. The title uses an “insider's perspective” rather than an “analysis” to reflect this interest. Abstract Three weeks after the main network of Robinhood Chain was launched, the weekly DEX volume exceeded $3 billion, the number of transactions exceeded 105 million, and the TVL exceeded 300 million dollars. Johann Kerbrat explained the chain's strategic logic in detail for the first time in a podcast: why the “barbell” layout (meme tokens + real-world assets in parallel) was chosen, why the Arbitrum technology stack was used instead of self-built L1, and how to gradually move Robinhood's 27 million deposit account onto the chain. He made it clear that the competition is focused on “expanding the cake” rather than grabbing shares with Base, and revealed that tokenized stocks have covered 120+ countries and 90+ targets, and will expand to international stocks and private equity markets in the future. Key quote “Our philosophy is to make the chain permissionless and open to everything. Whether it's a meme or an RWA, there are many products that people can't resist. We are deeply integrating with the chain.” “Robinhood has 27 million deposit accounts. For these users, DeFi is still too complicated and requires too much technical knowledge. We're thinking about how to bring in a good DeFi product while making it easy to use and use without creating a wallet or managing private keys.” “I think competition is ultimately beneficial to the customer. We cut fees by a large margin when the crypto exchange went live. It's still too early on the chain, and it's too early to discuss market share.” “We've only been online for three weeks. If you're thinking about bringing tens of millions of users to the chain, bringing more utility, and bringing something that people actually use (not just a moment of fluctuation), then you're thinking about a long-term revenue stream.” “We don't want to see all of Robinhood's trading activity going to the chain next year. That was a bit of a dream. But if you can find things you can't do with traditional methods, such as international stocks and 24/7 trading, chains can be the solution.” 1. Data for three weeks of launch: The $3 billion weekly trading volume is only the starting point. After the launch of the Robinhood Chain mainline, the weekly DEX volume reached $3 billion, more than 50 million transactions, more than 1 million addresses, and a TVL of over $300 million. Kerbrat's response was straightforward: this data has already been surpassed. He said that the number of transactions that morning had already surpassed 105 million. He described the state of the team as “very excited”. The core idea is that this figure reflects the intensity of market demand for products on the chain. He specifically emphasized that the ecosystem was ready to accept developers from the beginning, rather than build it first and then wait for others to come. This is different from many paths where L2 goes live and then slowly drains. 2. “Barbell” Strategy: Why do memes and RWA go hand in hand The host mentioned an interesting phenomenon: Robinhood CEO Vlad Tenev described the on-chain ecosystem as a “barbell” structure on social media. One end is a meme token, and the other end is a real world asset (RWA), and said “you have two wolves in your heart.” Kerbrat explained the internal thinking. From day one, the chain was set to be permissionless (permissionless) and open to all types of apps. Meme tokens bring in market makers and DeFi users, while RWA serves users around the world who are unable to easily buy US stocks and ETFs. There is no contradiction between the two; rather, they each attract different groups. He also mentioned several integrated products that have already been launched: Robinhood Earn (receiving stablecoin earnings through on-chain agreements within the main app) and tokenized stocks (through Robinhood W...

26d agoWendy#Johann Kerbrat #MEME #Robinhood #Tokenized US stocks

No thunderstorms, no hackers, why are more projects falling in 2026?

Author: Claude, Shenchao TechFlow Original title: 100 Crypto Projects Died in 2026: There was no explosion this time, only starving. On July 17, BitMart released an enthusiastic report for the first half of the year: the scale of asset management increased by about 256%, newly launched predictive market products, and just obtained an Australian financial services license in June. The report also acknowledged that the background board was not very good. Bitcoin fell 30% in half a year, Ethereum fell to a standstill, and spot ETF had a record net outflow. Nine days later, at 01:30 UTC on July 26, the same company announced an orderly shutdown. New user registration was stopped, deposits were closed, contract accounts were switched to a position reduction mode, trading was completely stopped on August 26, and completely closed on January 31, 2027. The BMX platform coin fell by nearly 60% on the same day. What's even more absurd is former Global CEO Nenter Chow's statement on X: He was notified of his dismissal on July 24, and has not participated in any management decisions since then. He has seen the news of the shutdown, just like everyone else. Three days ago, BitMEX just announced the closing of the exchange at 04:00 UTC on September 23, ending 11 years. Moving forward, AscendEX was shut down on July 1, and EXMO was liquidated because it was included in the UK's sanctions list against Russia. Within a month, four well-known centralized exchanges withdrew. RootData's 2026 list of dead projects in the crypto industry has reached number 100 and is still being updated. The number isn't 100 big is scary to put in the title; it's not that scary when you put it in a historical coordinate system. According to RootData's own statistics, 67 in 2021, 250 in 2022, 230 in 2023, 171 in 2024. After seven months in 2026, there are fewer than 100, and the full year is unlikely to catch up with 2022 and 2023. So 2026 can't be called the coldest summer in the crypto industry, in a really cold place, in the texture of a death list. Go through the names on the list: Wallets include Family, Ctrl, Leap, BitMart, BitMEX, and AscendEX; infrastructure and DeFi include Zapper, Stream Finance, Parsec, Loopring, Goldfinch. BitMEX has lived for 11 years, BitMart has been alive for 9 years, and Loopring is the first batch of zkRollups on Ethereum. These aren't air projects that were issued in 2024 and ran off the road in 2025; they have brands, users, real income, and veterans who survived the previous bear market. Lever and Ponzi died in 2022, and the longer the death list, the cleaner the industry. What died in 2026 is the business model. The shorter the list, the more it means that the blade has been cut into meat. The law changed from explosions to starvation. The common features of the 2022 deaths were violence: Luna returned to zero for three days, 3AC security deposit recovery was in default, FTX misappropriated customer assets were squandered, and Celsius froze withdrawals. The death occurred instantaneously, and the user's assets were directly evaporated, and the judicial process has not been completed until today. The common characteristic of the 2026 batch is decency. BitMEX gave users a full two-month liquidation period, and the withdrawal window was opened until 2027; BitMart gave users one month to close their positions and withdraw for six months, repeatedly reminding users to complete authentication before applying; Storj followed Chapter 11 restructuring rather than liquidation; the network was running as usual, and customer service was not interrupted. The wording of the announcement is almost exactly the same: after careful evaluation of the business situation, market environment, and future strategic direction, it was decided to exit in an orderly manner. Translate adult sayings, this is a business that is not profitable anymore. There were no hackers, no hacking, no law enforcement raids, it was just that the accounts couldn't be calculated. Starvation and explosion are two completely different market signals. An explosion means that systemic risk is spreading, and the collapse of a family will be destroyed; starving to death means that individual businesses fail, and the risk is isolated in one's balance sheet. The distribution of the lumbar collapse death list is not random; it accurately hits the industry's waist. Moonrock Capital's Simon Dedic put the problem with mid-sized exchanges straight: the fatal flaw in this model is that it must...

26d agoburnking#ETF #Ethereum #Shut down the tide topic #Bitcoin #Predicting the market

Buy ETH, short gold: 7.6x contrarian trading opportunity

Source: Bankless Author: William M. Peaster Compiled and edited by: bitPushNews If you ask people to buy/sell/hold gold now, most people will answer buy or hold gold. Of course, gold did reach a record high of 5,589 US dollars in January 2026, largely because central banks bought in record numbers against the backdrop of heightened geopolitical tension, and diversification of reserves became popular. Gold is currently trading at around $4,000, so it has fallen quite a bit from its high point, but it has still risen 120% over the past 5 years. Even Bitcoin, or digital gold, rose 115% over the same period. Then there's Ethereum. ETH is currently trading at around $1,900, which is 5% lower than $2,000 in the same period in 2021. As a result, gold doubled and BTC doubled, yet this flagship programmable currency project (with native yield, most stablecoins, institutional tokenization experiments, etc.) did not perform well. Depending on your perspective, this trend is either fatal or one of the most interesting contrarian trading opportunities right now: going long on ETH and shorting gold. The ETH/gold ratio, or how many troy ounces of gold can be bought in 1 ETH, peaked at around 3.5 during the 2021 frenzy. Right now it's around 0.46. Just going back to the peak of the ratio in 2021 means that ETH will outperform gold by about 7.6 times from here on. So what are the arguments for buying ETH? First, ETH is not inert. Gold has no return, and storage costs are also required, while staked ETH natively provides medium to low single-digit returns. Bitmine, for example, earned $45.7 million in staking revenue last quarter. This kind of gain is the structural, ongoing appeal offered by Ethereum. There's also the issue of fundamental deviations, right? The ETH/XAU ratio has been declining, while large institutions like BlackRock and Visa have been using Ethereum, and AI agents, RWA (real world assets), and stablecoins are also booming in this chain. Considering everything Ethereum currently has, it's not a crazy idea to think that ETH is oversold. So are we going to see a mean regression here? ETH has had explosive relative performance before, and as its narrative and liquidity form a synergy, we may see a sharp rebound. Maybe this works, maybe it doesn't, but the setup does make for a fascinating deal. However, analysis and theory are the same thing. What if you really want to close this deal? If you're a die-hard fan of Ethereum, you're probably more willing to use Ethereum's native approach, then the Lighter exchange, or the top perpetual contract DEX built on top of Ethereum, is a good choice. This is because if you agree with the argument that “programmable money will beat inert metals”, Lighter allows you to express this bet in a stylized way on the programmable currency's own trajectory, that is, shorting an on-chain gold perpetual contract on an Ethereum ZK rollup, and the reason this gold contract exists in its current form is entirely due to Ethereum. In addition to the zero-fee deal (which is great), Lighter also has a two-legged variety of this deal. It offers ETH perpetual contracts with up to 50x leverage, and XAU perpetual contracts that track the spot price of gold, with up to 25x leverage. Another particularly useful feature here is Lighter's support for full margin, which allows you to use the same margin balance to support multiple positions. Under this model, you can effectively connect your ETH bulls to your gold bears, and let the two legs buffer each other. In other words, when one side falls, the other side's earnings can act as a buffer. Additionally, you can consider opening a position on an equivalent scale. For example, if you go long on ETH at $500, go short on XAU at $500, so you're only exposed to relative performance. In other words, by doing this, you're making a ratio bet, not just a simple market bet (like just buying ETH). The actual process is simple, like this: deposit USDC into your Lighter account (you can bridge from Ethereum, Arbitrum, or Base). Open the ETH perpetual contract market, click the “full position” button, select the size of your position, and open a long position by confirming the transaction. Open the XAU perpetual contract market and set it to &q...

32d agoWendy#Lighter #Ethereum #gold

Loopring announced the closure of Loopring DEX and the return of users' assets

According to Twitter, Loopring, an Ethereum layer 2 protocol, posted an article on the X platform announcing that Loopring DEX will immediately stop all trading services. The repeater went offline immediately. The team said the reason for the shutdown was that it failed to gain meaningful adoption. As the first zkRollup, ecological growth was limited due to the lack of virtual machines. At the same time, LRC was removed from major exchanges in 2026, which accelerated the outcome, and the modern zkEVM solution made its dedicated architecture look outdated. The closure process is as follows: 1. The team will announce the final balance list of all users in the next few days, covering spot balances and liquidity pool positions automatically converted to underlying assets; 2. Upgrade the contract to a version that only allows transfers from whitelisted addresses to support batch distribution; 3. Open a two-week review period for users to verify; 4. After the review period is over, assets will be sent directly to the user's L1 wallet address in batches. Only accounts with a balance value of $10 or more are included in the distribution. Users do not need to operate or pay gas fees themselves; all transaction costs are borne by the team.

54d ago