ChainCatcher news, the Blast ecosystem DEX project Ring Protocol has announced the launch of the DEX aggregator RingX. RingX, as a mobile-friendly native application suitable for the Blast ecosystem, aggregates all major DEXs on Blast in real-time, providing the best real-time trading rates, optimal routing, minimal slippage, and lowest costs. Users can also earn Blast Gold rewards when trading with major trading pairs.

ChainCatcher news, the on-chain reputation scoring protocol Ethos Network announced the completion of a $1.75 million Pre-Seed funding round, with 59 community investors participating and no VC involvement. Ethos will soon launch on Base.According to the Web3 asset data platform RootData, Ethos provides reputation scores with supporting documentation, similar to credit reports, but with an open protocol and on-chain records. Ethos incentivizes ethical behavior through social proof; this is a consensus-based decentralized verification mechanism driven by human values, judgment, and actions.

ChainCatcher news, the decentralized trading platform Ring Protocol in the Blast ecosystem announced on social media that the Ring token has officially launched, and users can go to the platform to claim their corresponding airdrop rewards.Ring Protocol currently has over $500 million in TVL. Its platform RingDex supports connections and trading with multiple wallets, including OKX Wallet, Trust Wallet, Bitget Wallet, and Coin98 Wallet.The token model of Ring is centered around user rewards, where users who contribute to the platform will receive benefits. Specific incentive measures include mining through trading and mining through staking, and these incentive mechanisms will continue long-term. In addition, Ring will continuously incentivize users through airdrops and other methods, aiming to ensure the long-term value of the token, build a vibrant community by promoting the token economy, and create a mutually beneficial ecosystem.

ChainCatcher message, Loopring states that users must claim the TAIKO airdrop from the Loopring protocol community before July 4th. Users only need to check the eligibility of their Loopring protocol L2 activated wallet on their website, and then paste the new Taiko mainnet address to receive the airdrop.

ChainCatcher message, OKX DEX has now integrated Ring Protocol. Users can enjoy better quotes, more comprehensive liquidity, and a smoother trading experience when trading on the Blast network through OKX DEX. Ring Protocol is the leading decentralized exchange on the Blast ecosystem, currently boasting over $300 million in TVL and is one of the most popular projects on Blast.It is reported that the OKX Web3 wallet DEX section is a DEX and cross-chain aggregator, now aggregating over 20 cross-chains, more than 20 public chains, and over 400 DEXs. Through X Routing smart routing, a single transaction can utilize multiple DEXs simultaneously, providing users with the best prices, optimal liquidity, and 0 transaction service fees, while also featuring a DEX market section, limit orders, KYT security checks, and more. In addition, OKX DEX has now added an intent trading mode to help users enjoy a gas-free trading experience.

ChainCatcher news, according to official data, the NFT fragmentation protocol Flooring Protocol's liquidity pool TVL has surpassed 6 million USD, reaching 6.21 million USD.Among them: FLC Pool TVL is 4.48 million USD; μPPG Pool TVL is 1.13 million USD; μELEM Pool TVL is 600,000 USD.

ChainCatcher news, the Web3 creator revenue sharing protocol Reveel will launch a new product ecosystem in the coming weeks, including the already launched Reveel V2 and the upcoming Numo and R3VL SDK V2, with R3VL SDK V2 being provided to developers to support them in adding gas-free payments to their DApps in just a few minutes using Reveel's payment infrastructure.

ChainCatcher News, the Bitcoin security sharing protocol Babylon today showcased its Minimum Viable Product (MVP) for the Bitcoin staking protocol at Cosmoverse in Istanbul, Turkey, aimed at leveraging idle Bitcoin to establish economic security for proof-of-stake chains.According to data from Glassnode, over 66% of Bitcoin circulation (approximately $329 billion) is idle. Earlier this year, the Babylon team released the Bitcoin timestamp protocol, which proof-of-stake (PoS) networks can use to enhance remote security.

ChainCatcher news, the on-chain credit scoring protocol TopScore has announced its participation in the Chainlink BUILD program. By enhancing access to Chainlink's industry-leading oracle network services and technical support, as well as incentivizing greater security in the crypto economy, it accelerates the development of the ecosystem and the long-term adoption of Web3 data analytics and on-chain reputation, providing commitments for network fees and related credit products to the Chainlink community and service providers (including stakers).As a member of the KNN3 ecosystem applications, TopScore has long been an active participant and promoter of the Chainlink technology ecosystem. Participation in the BUILD program further advances the integration with the Chainlink ecosystem, providing scene-level data modules and scoring model support for applications related to Web3 data and on-chain behavior.TopScore aims to reshape the user reputation system on-chain by quantifying the value of user behavior both on-chain and off-chain, turning it into a true personal social asset, breaking the monopoly of credit ratings, and allowing user credit to flow freely across regions and platforms. Currently, TopScore supports the evaluation of social behaviors for ENS and Lens users, and will soon integrate evaluation matrices for governance behavior, DeFi behavior, and community/DAO participation, while also opening up access for more application scenarios.

ChainCatcher news, Optimism stated that the collaboration between Optimism and Base has two main components: the first is protocol governance, a joint commitment to the upgrade and ordering rules of OP Chains; the second is economics and governance. This includes sharing costs with the Optimism Collective and granting long-term tokens to Base.Regarding protocol governance, if the proposed framework Law of Chains introduced by Optimism last month is approved, the next step will be to transfer the responsibility for upgrading Base, OP Mainnet, and other OP Chains to a decentralized security council. The foundation aims to submit a governance proposal to execute this transition in early 2024. Before adopting this blockchain law, Base and OP Mainnet will also share upgrades.On economics and governance, transaction revenues from Base will be split and directed to the Collective through on-chain contracts. Specifically, the greater of 2.5% of Base sequencer's total revenue or 15% of Base chain sequencer's net revenue (L2 transaction revenue minus L1 data submission costs) will belong to the Collective.The Optimism Foundation also provides Base with the opportunity to earn up to approximately 11.8 million OP tokens over the next six years, aimed at retroactively rewarding Base for its contributions to scaling Ethereum and the OP Stack.

ChainCatcher news, according to official sources, the Bitcoin security sharing protocol Babylon has announced the launch of the first Bitcoin staking protocol, which aims to unlock a massive capital of $600 billion in Bitcoin to strengthen PoS chains and decentralized applications (DApps). Through the Babylon Bitcoin staking protocol, Bitcoin holders can stake BTC to enhance the security of PoS chains and DApps while earning rewards.In addition, the Babylon Bitcoin staking protocol requires no bridging, binding, or third-party custody, and can be seamlessly deployed on the existing Bitcoin network. (Source link)

ChainCatcher message, the Bitcoin security sharing protocol Babylon has completed the v0.7.1 testnet upgrade, supporting all smart contract functionalities based on the CosmoWasm and Wasmd frameworks, allowing developers to extract security from Bitcoin to protect their applications and blockchains by deploying Babylon smart contracts.According to RootData data, Babylon completed an $8 million seed round financing on January 1, 2022, and on March 9, 2023, Babylon launched its testnet. The Babylon testnet has integrated with 28 Cosmos SDK chains, including Osmosis, Akash, Sei Network, Injective, Evmos, and Stride. This upgrade expands Babylon's capabilities beyond the Cosmos ecosystem, enabling it to cater to a broader range of applications.

Chain Catcher News, Ethereum Layer 2 protocol Loopring's CEO Steve Guo announced that the DeFi portal is now operational on L2, and ETH 2.0 staked through Lido has been chosen as the first DeFi integrated product to use it.Steve Guo stated that a core design philosophy in the overall Loopring L2 DeFi access mechanism is that users always control their own assets. The various DeFi protocol tokens obtained by users on L2 can be exchanged at any time on L2. (Source link)

Chain Catcher news, the Web3 revenue sharing protocol Reveel announced that it has raised $1.3 million in a Pre-seed round, with investments from Binance Labs, Moment Ventures, and others. The new capital will be used for employee growth and product development.Reveel was founded by Swiss reggae musician and producer Adrien Stern, aiming to automate revenue sharing and provide developers with an on-chain revenue reporting platform, a complete financial stack for Web3 collaboration. Previously reported, Reveel was shortlisted for Binance Labs' 4th season incubation program in May this year. (Insider)