MOA

Su Zhu: Hyperliquid is still in its early stages, and Solana/pump.fun has a moat

ChainCatcher message, Su Zhu posted on platform X stating: "Unless a black swan event occurs, I believe we are in the early stages of a super liquidity story, and the team has done an excellent job in designing a community around profitable products. There have been other successful perp trading platforms in the past, but these platforms often provide relatively little value accumulation for token holders. In some cases, tokens are directly used as emissions to generate dollar fees, which are pocketed by shareholders. This amounts to invisible dumping. In other cases, even if the token successfully generates a community, the usage of the underlying product itself is minimal. This defines most of the DeFi summer situation. Cases that have both are extremely rare.While centralized exchanges (CEX) have traditionally been extractive and opaque, often operated by founders from mainland China, high liquidity spot listings are simple auctions where value accumulation directly belongs to the tokens themselves. I think it is meaningless to discuss its idea as L1 before Hyperliquid truly launches, but I believe if the team continues to execute, it will pose the first significant challenge to recent memory's tier 1 CEXs. Overall, I think services and workflows will be simplified and purified, which will greatly benefit newcomers without legacy structures.I believe solana/pump.fun has a significant moat because all new attention is first attracted here. Competing with this will be extremely difficult, as what you need are thousands of permissionless launches every day, along with shared knowledge and beliefs, some of which will even reach billions of dollars. You cannot replicate this through a few pumps here or there or even community wealth effects—you need a culture and toolkit that has been gradually built around it. pump.fun is the worst in terms of crypto nativeness throughout the cycle (no points, no tokens) and the most profitable product, which is no coincidence, as it summons the energy of the external world into cryptocurrency."

Toyota explores building "MOA" based on the account abstraction standard ERC-4337 in the Ethereum ecosystem

ChainCatcher news, Toyota Blockchain Lab published a blog post stating that it is researching how to introduce mobility into public blockchains. Exploring the construction of "MOA" (Mobility-Oriented Account) based on the account abstraction standard ERC-4337 in the Ethereum ecosystem.MOA account abstraction separates the authentication process from key management, ensuring that even if the private key is lost, the account itself can be retained. This makes account management more secure and flexible. By preserving a state available for external reference, information related to vehicles (such as usage history and maintenance records) can be managed more transparently and efficiently.In addition, MOA allows operations to be executed with the approval of multiple entities (rather than a single entity). This enables various stakeholders, including vehicle users, owners, manufacturers, dealers, and regulatory agencies, to participate in the approval process for vehicle-related transactions.It is reported that the Toyota Blockchain Lab is an organization established within the Toyota Group in 2019, aimed at promoting the use of blockchain. Initially focused on corporate projects related to material and information traceability, its activities have recently expanded to include public chain-related topics such as web3 and innovative finance.
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