ChainCatcher message, BitMEX co-founder Arthur Hayes stated on his social platform: "Now is the time for Meme coins to explode. I respect my $MOTHER, I respect $MOG like everyone else, but I cannot ignore $PEPE."

ChainCatcher news, according to The Block, Uphold CEO Simon McLoughlin stated in a recent interview with The Block that he is optimistic about the long-term prospects of cryptocurrency but is frustrated by the "fraudulent nature" of certain parts.He pointed out that 7,000 new memecoins are created every day, which is frustrating. Nevertheless, Uphold offers a product called "Meme Basket" that allows customers to invest in a selection of popular memecoins through its app, including tokens like DOGE, FLOKI, PEPE, and BONK.

ChainCatcher message, the SunPump platform has released the latest daily data, showing a strong growth trend in the meme coin market. The data indicates that the number of newly issued meme coins has surged by 350% in the past 24 hours, while the trading volume has also achieved a 400% increase.It is reported that Sun Pump is a subsidiary product of Sun.io and is a platform dedicated to the fair launch of meme coins within the TRON ecosystem. The Beta version was launched on August 13.

ChainCatcher news, the Web3 industry research and analysis platform Web3Caff Research recently released an in-depth report on the seven major derivative narratives of modular blockchains. Fang Jun, a partner at Uweb and a special researcher at Web3Caff Research, pointed out in the report that Web3 infrastructure is undergoing comprehensive modularization, a trend commonly referred to as "modular blockchain," which is the fundamental cornerstone for building the future multi-chain world. The best starting point for discussing modularization is Ethereum. Ethereum's scalability is Rollup-centric, characterized by a surge of L2 solutions. Ethereum L2 has created a demand for middleware layers, such as DA, Rollup frameworks, shared sequencers, interoperability, ZK proof services, and more. Previously, discussions on modular blockchains were largely focused on Rollup frameworks or DA layers; therefore, this report attempts to observe from a broader perspective to provide a panoramic view. Starting from Ethereum, the grand narrative of modular blockchains is derived into seven narratives (Ethereum, DA, Rollup, Cosmos, BTC L2, middleware, ZK).The report further points out that observing the modularization of Web3 infrastructure from the center of Ethereum is reasonable. First, the technological infrastructure supporting Web3 applications is almost entirely based on the model first proposed by Ethereum, namely the "smart contract platform." Second, the mainstream trend of modularization is to split Ethereum, which functions as a single blockchain, into numerous modules for innovation and replacement, and then recombine them. Third, important technologies such as VM, DA, account abstraction, Rollup, and ZK are primarily developed within the Ethereum ecosystem. Fourth, the Ethereum and EVM-compatible ecosystem has taken shape and dominates, with most applications choosing to extend from it. This discussion will help us understand the emerging foundational chains (especially various Rollups, BTC L2, etc.), horizontal layers (such as DA layers, staking layers/re-staking layers, ZK proof networks, etc.), and can assist in predicting potential new hotspots.The report also notes that the Ethereum ecosystem, particularly EVM, still holds a dominant position; although numerous L2 chains have emerged, horizontal layers may deserve more attention; the BTC L2 ecosystem will develop rapidly, mainly due to the demand for utilizing BTC as an asset; new technological directions continue to emerge, with ZK being the most noteworthy.

ChainCatcher news, Folius Ventures founder MapleLeafCap tweeted that with the rotation of the meme coin sector, we may be on the brink of a BTC L2 explosion. The US has STX, China has ORDI, SATS, and CKB, and Merlin has nearly $3 billion in TVL, which may trigger some panic buying in Asian markets.