Evening News | MetaMask Swaps' cumulative transaction volume exceeds $20 billion; platforms like DCG and Chainlink do not support PoW forks

Organizer: Nianqing, Chain Catcher

"What important events have occurred in the past 24 hours?"

1. Data: MetaMask Swaps cumulative transaction volume exceeds $20 billion, with over 5 million transactions completed

According to Dune Analytics, the cumulative transaction volume of MetaMask Swaps has surpassed $20 billion, currently standing at $21,877,644,543; the total number of transactions has exceeded 5 million, currently at 5,040,549. Additionally, the weekly success rate of MetaMask Swap transactions is 98.40%, with the number of unique accounts at 1,325,976. (Source link)

2. Reports: Tencent's Huanhe has stopped updates but has not laid off staff; some digital collectibles are unsold and have been locked up

According to "China Entrepreneur," sources close to Tencent have revealed that the digital collectibles platform "Huanhe" under Tencent has stopped updates but has not laid off staff. Currently, all collectibles on the platform are in a status of being ended, sold out, or claimed. In June of this year, some digital collectibles on Huanhe experienced unsold conditions, leading to the platform locking them up and closing transactions.

According to previous reports, on July 20, Tencent insiders disclosed that Tencent plans to shut down the digital collectibles business "Huanhe." In response to the rumors of layoffs, Huanhe stated that operations are ongoing and a new version of the app is being prepared. (Source link)

3. Data: Optimism's TVL has exceeded $1 billion, setting a new historical high

According to DefiLlama data, Optimism's TVL has surpassed $1 billion, currently around $1.09 billion, setting a new historical high. The top three protocols by total TVL are AAVE V3, Synthetix, and Velodrome. Among them, AAVE V3's TVL accounts for 50.64%, with a growth of approximately 1522% over the past week, and its TVL has first broken through $553 million, setting a new historical high. (Source link)

4. DCG CEO: Does not support any Ethereum PoW forks; miners should shift their computing power to ETC

DCG CEO Barry Silbert stated on his social media regarding the Ethereum fork event, "We fully support Ethereum PoS and do not support any Ethereum PoW. ETH miners should turn to ETC to maximize long-term income."

It is reported that DCG is the direct controller of Grayscale Trust and is also the parent company of cryptocurrency OTC trading and lending platform Genesis, blockchain media Coindesk, emerging mining service provider Foundry, and exchange Luno. (Source link)

5. Chainlink: Protocol and services will continue to operate on Ethereum, not supporting PoW forks

The oracle protocol Chainlink stated on its official website that during and after the Ethereum merge, the Chainlink protocol and its services will continue to operate on Ethereum and will not support forks of the Ethereum network, including PoW forks, which aligns with the Ethereum community's decision to upgrade the chain to PoS. For Ethereum developers and DApp teams uncertain about their migration strategies surrounding the merge, it is advised to pause smart contract operations to avoid unforeseen events and help protect users. (Source link)

6. WazirX founder: Binance has restarted WazirX off-chain trading functionality

WazirX founder Nischal Shetty stated that Binance has restarted the WazirX off-chain trading functionality that was disabled on Sunday.

According to previous reports, starting last Friday, Binance CEO Zhao Changpeng and WazirX founder Shetty engaged in a dispute on social media regarding the ownership of WazirX and Zanmai Labs. Zhao tweeted that Binance only provides wallet services as a technical solution for WazirX, along with off-chain trading integration to save network fees. (CoinDesk)

"What are the exciting articles worth reading in the past 24 hours?"

1. "The Enlightenment Moment of DID: Taking Digitalization to the End"

We know that a URL like http://abc.com can be entered into the browser's address bar. An email address like tom@abc.com can be entered into the recipient field of an email client. Even a complex Ethereum address like 0x9eF….B1ba3 can be entered into the recipient field for wallet transfers. Shouldn't applications come first? Two years before the official standard of HTTP/1.0 was released, Netscape was already listed using a homemade HTTP protocol. Why has there been no decent DID product for so many years? What should it look like?

2. "NFT Leasing: How the New NFT Token Standard Opens Up the Next Generation of Leasing Markets"

The Ethereum token standard ERC-4907 became "Final" in late June, unlocking the potential for rentable NFTs. Once implemented in smart contracts, rentable NFTs can drive the development of blockchain-based gaming, metaverse land sales, and more. ERC-4907 adds a new role in the NFT standard, separating ownership and usage rights—making "leasing" possible. Renters can use the NFT until the rental period expires, and the NFT will automatically return to its owner after the rental period ends.

3. "Vitalik's Speech at Korea Blockchain Week: Cryptocurrencies Need to Prove Their Practical Utility in the Next Decade, ZK Will Ultimately Defeat OP"

Recently, Ethereum founder Vitalik Buterin attended Korea Blockchain Week events in South Korea, where he expressed optimism about Ethereum's future but acknowledged significant challenges ahead. He outlined three core points: Cryptocurrencies need to prove their real utility in the next decade, rather than relying solely on narratives and expectations, especially when scalability is no longer an issue, as some projects may be falsified; ZK-Rollups will ultimately defeat Optimistic Rollups, and some projects on Op may eventually turn to ZK; Ethereum needs to consider the development of quantum computing at some distant point in the future.