ChainCatcher news, Web3 game studio Opti Games announced the completion of a $2 million funding round to advance the development of its action sports battle game "Sparkball." This round of financing was led by L1D, with participation from CMS Holdings, Impossible Finance, YGG, Monad CEO Keone Hon, and his angel investment group Purple.It is reported that "Sparkball" plans to be built on the Monad chain.According to RootData, Sparkball is a 4v4 competitive "sports fighting game" where teams must balance hitting the ball and fighting to shoot into the enemy goal. Sparkball is described as a combination of "League of Legends" and "Rocket League"/"FIFA" (FutLoL), featuring instant action combat impact, allowing players to list heroes one by one and discover new strategies to support elite team cooperation.

ChainCatcher news, QCP released a weekly summary stating that this week has been an exciting one for cryptocurrencies. BTC rose by 10.48%, reaching a high of $69,000, with the psychological barrier of $70,000 now within reach. There are no major macro data points to act as resistance next week.The inflow of BTC ETFs this week has been substantial. As of Friday, ETF inflows reached $203.3 million, and there has been a net inflow trend for six consecutive days. The continued inflow into ETFs indicates that institutional demand remains strong. With the SEC approving Bitcoin ETF options to be listed on the New York Stock Exchange (NYSE) this morning, it is believed that this will provide the necessary liquidity for ETFs, attracting sustainable capital inflows.Bitcoin's market share currently stands at a multi-year high of 58%, a level last seen in April 2021. As it approaches the key resistance level of 60%, we believe this will lay the foundation for a strong recovery of Layer 1 (L1) tokens.As the U.S. stock market approaches historical highs, the yen continues to weaken, and with the U.S. elections approaching, risk appetite will only strengthen further. This will drive up risk assets and support the "Uptober" rebound narrative.

ChainCatcher message, Ethereum founder Vitalik commented on a meme about the visions of L1 founders and VCs. He stated that if an L1 public chain founder casually mentions "ultimate goals" (northstar) that include phrases like "the chain should be fast (chaingofast)" but does not mention words like "robust," "anti-censorship," or "decentralization," then they undoubtedly reveal their true priorities.

ChainCatcher news, according to the "RootData Q3 2024 Web3 Industry Investment Research Report", the popular TGE projects for Q4 2024 mainly include L1/L2 infrastructure, LRT, and derivative DeFi, followed by the Solana ecosystem, RWA, and DePIN applications.Monad has received the highest funding and support from 8 leading institutions, and is expected to launch on Coinbase, Binance, and OKX, with an estimated selling pressure of 32 to 2 times. Eigen has received the third highest funding and support from 6 leading institutions, with a post-TGE multiple of 43 to 3. Unlike the tokens that launched this year with higher multiples, the selling pressure is moderate, and the valuation makes it difficult for institutions to recover costs during the first unlock. Projects supported by 4 to 5 leading institutions include Farcaster, Berachain, Scroll, Babylon, Morpho, and Movement, among which Scroll, Babylon, and Movement are expected to have higher multiples, all backed by CEX institutions, and are anticipated to achieve good exit liquidity in a favorable market.Q4 popular TGE funding overview:Projects with total funding exceeding $100 million include Monad, Farcaster, EigenLayer, Magic Eden, and Berachain;Projects with total funding between $50 million and $100 million include Babylon, Scroll, Morpho, and Eclipse;Projects with total funding between $10 million and $50 million include XION (Burnt), Movement, Puffer, Walletconnect, and Sophon;Projects with total funding less than $10 million include Roam, Symbiotic, deBridge, and Grass.

ChainCatcher news, Vitalik Buterin posted on the X platform stating that he indeed believes there is a disparity issue. Twelve months ago, the discussion was about L1 "extracting rent" from L2, and now the situation is the opposite. We do not want to see a mixed economy where the tax rate jumps from 5% to 95%.If we can design the economics so that the fees for both L1 and L2 reliably accumulate far from zero (i.e., with lower variance in the ratio), many people would be more satisfied. We need to maintain an ecosystem that makes the Ethereum community feel like they are part of the same team, including aspects of technical interoperability, values/culture, and economics. EIP-7762, Base Rolls, and other forms of fee sharing are valuable starting points.

ChainCatcher news, Bankless founder David Hoffman posted on X that, in a sense, the rollup-centric roadmap is already "complete," with current progress including the launch of 4844, DA, and cheap L2, while the primary optimization focus for the future is L1.Vitalik Buterin responded, saying: "I don't think this is a priority issue. The next step for DA is peerdas, and the people working on this are almost completely disconnected from those working on SSF or EVM execution improvements. I do think that saying 'the rollup-centric roadmap is complete' is declaring victory too early. We are only 1.3 times the peak usage away from blob full data (= 21600 blobs/day). We need to kick off peerdas and start secure scaling while improving L1." Hoffman continued, stating: "If we increase the block times of L1, won't that also increase the supply of block space (blobspace)? Focusing on L1 and simultaneously focusing on L1 as well as L2 feels synergistic, while focusing on DA only benefits L2."Vitalik explained: "If we reduce slot time without changing other variables, then the answer is yes. But the limits of both are determined by bandwidth constraints, so if we are satisfied with today's gas/blob limits, then we will also be directly satisfied with the gas/blob limits. So I generally think of bandwidth and latency as two independent issues. I do think reducing L1 slot time is worth discussing, although this needs to be done carefully to avoid 'killing' independent stakers, or even geographically dispersed stakers."

ChainCatcher message, for confidential assets and private DApps, L1 blockchain Zano is collaborating with Confidential Layer, a privacy bridge that enables seamless interoperability between public and private blockchains. This collaboration allows users to retain their underlying assets, such as ETH or BTC, while enhancing related services with advanced privacy features. These projects can conduct secure and private transactions across different blockchain ecosystems.

ChainCatcher news, LayerZero announced on X that Beyond now supports connecting Bitcoin L1 to over 80 chains via LayerZero. Starting today, users can transfer assets from Bitcoin L1 to chains such as Solana, Base, and Arbitrum using LayerZero's OFT standard.

ChainCatcher message, Galaxy Research posted on X platform revealing that since the Dencun upgrade, the revenue from Layer 2 for Ethereum L1 protocol has been almost 0."

ChainCatcher message, Ethereum Foundation member Justin Drake answered the question "Are there any further plans to expand Ethereum Layer 1?" during the AMA.Justin Drake stated: "The long-term sustainable elegant plan is to leverage SNARKs to scale L1 EVM execution without limits. Through real-time L1 EVM SNARKing, validators can verify cheap SNARKs instead of re-executing EVM transactions. In addition to the vertical scaling benefits brought by significantly increasing the L1 EVM gas limit, there is also the opportunity to use EVM-in-EVM precompiles for arbitrary horizontal scaling, allowing for cheap verification of EVM execution within EVM."

ChainCatcher news, according to Cointelegraph, Polygon Labs CEO Marc Boiron revealed in an interview that Polygon is realizing its vision of unifying the entire Web3 through its interoperability solution AggLayer, which will connect various Layer 1 networks including Ethereum and Solana.

ChainCatcher news, according to Token Terminal data, ETH Layer1 revenue has plummeted, declining by 99% since March 2024. On March 5, the network revenue peaked at over $35 million. However, on September 2, the daily revenue had dropped to about $200,000, marking the lowest daily revenue point of the year.Bitcoin investor Fred Krueger pointed out that Ethereum's current daily fee income of $200,000 translates to an annual revenue of $73 million, which is far from sufficient to sustain its $300 billion market cap.

ChainCatcher news, according to official sources, the Polygon ecosystem DEX QuickSwap has released a proposal discussion to "extend the perpetual contract product Falkor Perpetuals to Ethereum L1." The governance discussion on QuickSwap Reddit will continue until September 2 at 13:30. After the Reddit discussion ends, the official snapshot voting will begin after September 2 at 13:30, with a deadline of September 6 at 13:30.

ChainCatcher news, communication app giants Kakao and LINE have launched their Layer 1 blockchain Kaia, announcing that its mainnet is now live. According to their announcement, Kaia's processing speed is approximately one second, and the gas fees are "extremely low."

ChainCatcher message, Ethereum founder Vitalik Buterin tweeted that the robustness of Ethereum L1 is improving, and pointed out that there is a strong willingness for collaboration among L2 projects to enhance the overall interoperability of the ecosystem.Vitalik noted that the claim that "PoW is the gold standard of assets" is being proven wrong, and the proportion of blocks that censor transactions continues to decrease. The block building section in the roadmap ("the Scourge") is also starting to show promise, with discussions mainly focused on FOCIL+APS and BRAID.Vitalik also stated that for DeFi, the top priority is to ensure that users do not encounter -100% annualized returns. He believes that the robustness of L1 (including censorship resistance) and the success of smart contract wallets are beneficial to this.