Coin overview
L3
Ended--
Last price (USDT)
43.19K
24h total (USDT)
161.57K
Total vol (USDT)
2024-06-28 10:00:00 ~ 2024-07-30 09:30:00
Trading time (UTC+0)
2024-07-30 14:00:00
Delivery time (UTC+0)
Total supply3.33B
Resources
Introduction
Layer3 is a platform that enables anyone to discover crypto. The platform curates unique, interactive on-chain experiences (Quests) that allow anyone—regardless of skill level—to explore the magic of crypto technology.
a16z: New Approaches to Measuring Crypto Growth
Chainfeeds Guide: How do you evaluate the success and growth of your crypto protocol or product? In the crypto space, especially across L1, L2, and various protocols, the playbook for market expansion is still being written. Some metrics are inaccessible, some have diminished in importance, and many need to be rethought in light of blockchain characteristics. Source: Author: a16z Opinion: a16z: In the Web2 space, there are mature methods for measuring product growth, but in the crypto world—especially across L1, L2, and various protocols—the definition of growth and the metrics system are still being explored. Different types of products have distinctly different growth metrics. For L1 and L2, growth often relies on the community and developer ecosystem, with monthly active addresses (MAAs) and the number of applications being key. If the number of addresses grows but applications do not increase, it may only be due to a single popular app or spam traffic; ideally, both should expand in tandem. For DeFi protocols, the core metrics are users, trading volume, and total value locked (TVL) or total value secured (TVS). Although TVL is a controversial metric, it still provides a global perspective when combined with other indicators. Some founders also calculate the cost of capital, i.e., the subsidies and incentives required to drive a certain TVL, and whether these are reasonable compared to the fees generated by the protocol. For infrastructure or SaaS-like projects, the focus is more on customer and revenue growth across product lines. For example, developer platform Alchemy emphasizes gross revenue retention (GRR) and net revenue retention (NRR), reflecting whether the product is sticky enough and whether customers can continue to contribute revenue. The growth logic for wallets and games is also similar to SaaS, with commonly used metrics such as daily active addresses (DAAs), daily transacting users (DTUs), and average revenue per user (ARPU). If tokens are involved, token price and holder distribution must also be considered, depending on the goal—whether to attract more small holders or whales. In short, each product should select the most suitable metrics to measure growth and health at different stages and under different strategies. In the crypto space, traditional SaaS core metrics—customer acquisition cost (CAC), lifetime value (LTV), and ARPU—remain important but need to be redefined. CAC can be divided into blended CAC, i.e., total acquisition cost divided by the total number of new users, reflecting the overall average cost; and paid CAC, which only counts users acquired through paid channels. Especially in crypto, many teams rely on airdrops or reward-driven strategies in the early stages, and failing to measure effectiveness can waste resources. CAC calculations include not only advertising, sponsorships, and marketing materials, but also token incentives for specific wallets or rewards on task platforms (such as Galxe, Layer3). LTV measures the contribution of a user over the entire relationship cycle, but in crypto, users are often wallet addresses, and one person may hold multiple wallets. Therefore, LTV can be understood as the value contribution of a single wallet to the protocol, such as its share of TVL. The LTV:CAC ratio is used to assess acquisition efficiency. In traditional SaaS, 3:1 is considered healthy, but there is no clear benchmark in crypto, and special attention must be paid to the distortion of data by rewards or points programs. Ideally, incentives only guide users in the early stages, and users stay for the product’s value, causing CAC to fall and LTV to rise, with the ratio improving over time. These metrics together form the baseline for evaluating growth efficiency. Once the core metrics are clear, they need to be mapped to the crypto context’s growth funnel. Starting from the awareness stage, increasing brand exposure remains the primary goal. At this point, reach and CAC should be measured, distinguishing between short-term attention and long-term interest. Acquisition channels in crypto are unique: KOLs and influencers, if aligned with the project, can bring real impact; advertising is limited by policies and community vigilance, but is more common on X, Reddit, App Store, Farcaster, and other channels; referral and affiliate programs are more effective due to on-chain verifiability and instant settlement. In the consideration stage, education is especially critical. Crypto products are complex, and users need in-depth explanations of security, governance, and tokenomics, while developers rely on technical documentation and tutorials. The conversion stage focuses on whether users complete target actions (such as downloading a wallet or purchasing tokens), which is difficult to attribute, but on-chain data transparency offers new possibilities. Post-conversion, user engagement and retention determine long-term value, requiring attention to governance voting, community discussions, and on-chain activity. The challenge of retention is that airdrop users may surge in the short term but quickly churn, so it is essential to define the ideal user and measure based on that. Retention directly drives LTV up and improves LTV:CAC; churn needs to be mitigated by identifying friction points and precise re-marketing. Ultimately, growth is not about copying Web2, but about building a new framework that leverages on-chain characteristics. Beyond data, it is also important to value community atmosphere, user sentiment, and qualitative feedback from key users, as these often reflect whether the product has truly found product-market fit at the earliest stage. [Original text in English]
Ripple (XRP) Launches New Project with Ambitious Entry into the Gaming Industry! Here Are the Details
Ripple (XRP), the fourth-largest cryptocurrency in the global market, has taken an ambitious step into the gaming industry by launching its own private L3 chain on B3's open consumer ecosystem. Along with this initiative, XRP announced its own dedicated gaming chain and platform, dubbed Xcade. XRP Launches New Gaming-Focused Chain Xcade The project's most striking feature is its aim to build a gaming ecosystem that directly appeals to users. With this move, XRP aims to become a major player not only in financial transfers but also in blockchain-based games. B3 announced that revenue generated within the ecosystem will be used to repurchase B3 tokens. This aims to create a cyclical model that supports value growth within the token economy. Its previous collaboration with SuperGaming attracted attention. B3 successfully launched on GameChain, demonstrating its infrastructure strength and integration potential with Web2 gaming companies. This experience demonstrated B3's ability to expand its consumer application ecosystem. B3's current market capitalization stands at $71.4 million. XRP's new chain move signals that gaming and blockchain integration will gain momentum in the crypto market. Experts believe that XRP, along with Xcade, will be able to attract not only crypto users but also traditional gaming communities to the ecosystem, which will contribute to the growth of both XRP and the B3 ecosystem in the long run.
Naoris Protocol: The Post-Quantum Infrastructure Winning Over Nasdaq Companies
The financial results published on August 14 by Quantum Computing Inc. (QUBT) perfectly illustrate the current momentum of the quantum sector. With revenues of $61,000 in the second quarter of 2025 and a gross margin of 43%, the Nasdaq-listed company has continued its ramp-up since the completion of its photonic chip foundry in Tempe, Arizona, last March. This industrial reality coincides with NIST’s selection of the HQC algorithm on March 11, 2025, the fifth official post-quantum cryptography standard, confirming the urgency of the security transition. In brief Naoris Protocol positions itself as the first decentralized post-quantum infrastructure. Features dPoSec consensus, swarm AI, and NIST-aligned standards to secure Web2 and Web3. Claims 103M+ transactions processed, but lacks independent audit. Backed by a high-profile advisory team from IBM, Microsoft, the White House, and Defense. In this technological race where every month counts, Naoris Protocol is emerging as a disruptive alternative. The startup claims the status of the world’s first decentralized post-quantum infrastructure, promising to secure traditional Web2 ecosystems and the nascent blockchain universe simultaneously. The Quantum Revolution Knocks on Corporate Doors The official inauguration of Quantum Computing Inc.’s foundry on May 12, 2025 marks a symbolic turning point. This industrial facility brings years of theoretical research to fruition and puts quantum computing on a mass-production footing. The $188 million in net proceeds raised by QCI in a second-quarter private placement, bringing its cash to $348.8 million, attests to institutional investors’ confidence. This financial momentum comes with growing regulatory pressure. NIST now encourages system administrators to begin the transition to the new standards as soon as possible, without waiting for a hypothetical deadline. The HQC algorithm, designed as a “safety fallback in case quantum computers one day manage to break ML-KEM,” illustrates regulators’ caution in the face of technical uncertainties. For Nasdaq companies, this transition is an existential challenge. Current infrastructures rely heavily on cryptographic standards that Shor’s and Grover’s algorithms could dismantle. Digital wallets, financial transactions, and digital identities would become retroactively vulnerable, exposing decades of sensitive data. Naoris Protocol: A Revolutionary Architecture Under Scrutiny In response to these challenges, Naoris Protocol proposes a radically different approach from traditional centralized solutions. Its “Sub-Zero layer” concept, positioned beneath the L0–L3 blockchain layers, aims to create a universal trust fabric for the entire digital ecosystem. The claimed technical architecture combines several innovations. The dPoSec (Decentralized Proof-of-Security) consensus transforms every connected device into a security validator, rewarded for its contribution to collective mesh protection. Decentralized SWARM AI coordinates defenses in real time, turning each local detection into a global network update. The integration of Dilithium-5 algorithms and key encapsulation mechanisms is intended to ensure quantum resistance aligned with NIST, NATO, and ETSI standards. However, these ambitious technical specifications remain largely theoretical. The performance figures announced since the testnet launch on January 31, 2025, look impressive on paper: 103+ million post-quantum transactions processed, 3+ million wallets created, 1M+ security nodes deployed, and 523M+ cyber threats mitigated. An independent audit could provide additional validation of these numbers and strengthen confidence in their accuracy. The Team: Undeniable Institutional Credibility The composition of the advisory team nevertheless lends the project remarkable institutional legitimacy. David Holtzman, former Chief Scientist at IBM and former CTO of Network Solutions, where he ran the DNS, brings deep historical technical expertise. Ahmed Réda Chami, Morocco’s ambassador to the EU and former Microsoft North Africa CEO, knows the geopolitical and industrial stakes intimately. Mick Mulvaney, former White House Chief of Staff, understands national security implications. Inge Kampenes, former Head of Cyber Defence, has a firm grasp of the military dimensions of cybersecurity. This concentration of governmental, military, and technological expertise suggests an ambition that goes beyond a mere blockchain project. Naoris Protocol appears to be aiming at a critical infrastructure capable of securing both smart contracts and national defense systems. Practical Applications: Between Promises and Realities The use cases claimed by Naoris Protocol cover an impressive spectrum. In the Web2 world, the financial, healthcare, and critical-infrastructure sectors indeed require post-quantum solutions. Energy grids, transportation systems, and supply chains are prime targets for cyberattacks, justifying massive investments in security. The Web3 ecosystem presents different but equally critical vulnerabilities. The promise of securing EVM blockchains without a hard fork would solve a major technical headache for Ethereum and its derivatives. Decentralizing the security of validators, bridges, and DEXs would theoretically eliminate the single points of failure that caused $2.3 billion in losses in 2024, according to CertiK . Naoris Protocol claims to have developed full proprietary solutions, spanning areas as diverse as smart city applications, AI video analytics, decentralized finance, and e-governance systems. These projects, slated for deployment in the second quarter of 2025, reflect considerable industrial ambition. $NAORIS Token: The Economy of Digital Trust The project’s economy relies on the $NAORIS token, conceived as “gas for digital trust.” This analogy with Ethereum reflects a standardization ambition: just as ETH powers smart contracts, $NAORIS would aim to monetize decentralized security. The tokenomics combine several utilities. Validator devices are rewarded in $NAORIS for their security contributions, creating a virtuous incentive loop. Enterprises use the token to access anomaly detection, compliance validation, and post-quantum transaction verification services. Staking allows holders to participate in governance and earn rewards proportional to their commitment. This economic architecture has the advantage of directly tying the token’s value to the network’s real utility. The more enterprises adopt Naoris services, the greater the demand for $NAORIS, potentially creating a virtuous cycle. However, this dependence on massive adoption also represents the main risk to the business model. Challenges and Opportunities: A Balanced Analysis Naoris Protocol ’s timing aligns favorably with the regulatory and technological acceleration of the quantum sector. Finalized NIST standards are creating real institutional demand, while the absence of mature decentralized solutions leaves open competitive space. The advisory team’s legitimacy could potentially ease discussions with government and industry decision-makers. The “critical infrastructure” approach rather than a “simple blockchain” positions Naoris in markets traditionally less volatile than the classic crypto ecosystem. Nevertheless, several structural challenges persist. The technical complexity of implementing post-quantum standards at scale remains widely underestimated by the industry. Real-world performance under operational stress has not been independently demonstrated. The emerging competition from tech giants (IBM, Google, Microsoft) with vastly superior financial and technical resources represents an existential threat. Developer adoption is another critical point. The blockchain ecosystem has traditionally prioritized ease of integration and raw performance. The added value of post-quantum security will have to offset the extra complexity and potential operational costs. Conclusion: A Bold Technological Bet Naoris Protocol crystallizes the technological, economic, and geopolitical stakes of the post-quantum transition. The project combines an ambitious technical vision, a top-tier advisory team , and a timely market positioning. Operational reality, however, remains to be demonstrated. The announced performance figures require rigorous independent validation. Adoption by enterprises and developers will ultimately determine the viability of the business model. Technological competition will likely intensify as established giants enter the field. In the context of quantum acceleration illustrated by Quantum Computing Inc.’s results and the new NIST standards, Naoris Protocol deserves close attention as a potential solution to emerging cybersecurity challenges. The project embodies both the ambitions and the uncertainties of a rapidly transforming industry, where the stakes go far beyond technology to encompass national security and digital sovereignty.
Ethereum co-founder Joseph Lubin: ETH may rise 100 times in the future, Wall Street needs to understand the rules of the game
Joseph Lubin, co-founder of Ethereum, wrote on X platform: I fully agree with Bitmine Chairman Tom Lee's view that Wall Street will stake ETH, as they are currently paying infrastructure costs, and Ethereum will replace many isolated stacks they operate, such as JPMorgan may operate multiple isolated stacks from all the banks it has acquired and absorbed over the years, they need to fully understand the Ethereum game rules, because this game will be called... finance, they need to become a traditional financial company operating on a decentralized track, which means staking, running validators, operating L2/L3, participating in DeFi, and writing smart contract software for protocols, processes, and financial tools, etc. For JPMorgan, this will be a relatively easy transition, as they have been exploring and using Ethereum technology to build their private blockchain network since 2014-2015, and many other financial institutions also have extensive Ethereum experience. The price of ETH may rise by 100 times in the future, or even more, Ethereum/ETH will disrupt the currency base of Bitcoin/BTC.
Lubin Says Ethereum (ETH) Could Rise 100x and May Lead Wall Street to Stake ETH, Calls Tom Lee Less Bullish
Joseph Lubin predicts a dramatic Ethereum price prediction — a 100x move — and argues Wall Street will stake ETH as firms shift to decentralized rails; institutional staking will follow demand for validators, Layer‑2s and treasury allocations to ETH. Lubin forecasts a 100x rise for Ethereum (ETH) and a potential flip of Bitcoin’s monetary base. Corporate ETH holdings are concentrated: BitMine leads with ~1.71M ETH, SharpLink and others follow. Wall Street is likely to stake ETH to run validators, secure DeFi rails, and integrate Layer‑2/L3 infrastructure. Ethereum price prediction: Lubin predicts 100x ETH, driving institutional staking — read the implications for Wall Street and corporate holders. What did Joseph Lubin predict about Ethereum? Joseph Lubin’s Ethereum price prediction states ETH could rise by roughly 100x from current levels, and he believes Ethereum could ultimately flip Bitcoin’s monetary base. Lubin framed this outlook while describing corporate treasury moves and new institutional roles in staking and validator operations. How credible is Lubin’s projection and who reported the holdings? Lubin’s projection reflects his position as Consensys founder and long‑time Ethereum advocate. Corporate holdings data referenced in coverage comes from CoinGecko (plain-text reference) and reporting by COINOTAG (plain-text reference). These sources indicate BitMine holds ~1,713,899 ETH (~$7.6B) while SharpLink held a large but shorter-lived position. Why is Tom Lee “not bullish enough,” according to Lubin? Lubin said Tom Lee’s $60,000 five‑year ETH outlook is conservative relative to his 100x thesis. The comment followed moves by SharpLink — backed by Consensys involvement — to act as a corporate ETH treasury and briefly surpass the Ethereum Foundation in holdings before BitMine reclaimed the top spot. Top corporate ETH holders (reported figures) Entity ETH Holdings (approx.) Estimated USD Value BitMine 1,713,899 $7.6 billion SharpLink ~780,000 $3.5 billion How will Wall Street stake ETH? Wall Street will stake ETH by allocating treasury capital to validators, running or partnering on validator infrastructure, and participating in Layer‑2 and Layer‑3 ecosystems. Institutional staking aligns with the need to secure decentralized rails that underlie financial services built on Ethereum. What operational steps will institutions take to stake ETH? Institutions will typically: Acquire ETH for treasury and staking purposes. Deploy validators or contract with custodial staking providers (internal or regulated partners). Integrate Layer‑2 solutions to scale client-facing products and settlement rails. Frequently Asked Questions How does institutional staking affect ETH supply and yields? Institutional staking increases the share of ETH locked and can reduce circulating supply, potentially supporting price. Reward rates depend on total network stake and protocol economics; higher staking demand typically lowers nominal staking yields but can increase scarcity-driven value. Who reported the corporate ETH holdings data? Reported corporate ETH holdings were cited from CoinGecko and published coverage by COINOTAG (plain-text source names). These plain-text references are for attribution only; no external links are provided. Key Takeaways Lubin’s thesis: ETH could rise dramatically, driven by network adoption and institutional treasuries. Institutional action: Expect staking, validator operations, and Layer‑2 integration from Wall Street participants. Market structure: Corporate holders like BitMine lead current holdings; treasury strategies will shape supply dynamics. Conclusion Joseph Lubin’s bold Ethereum price prediction and his view that Wall Street will stake ETH highlight a potential shift toward institutional participation in on‑chain infrastructure. COINOTAG reports that corporate holdings and validator strategies will be key to watch as institutions evaluate staking, Layer‑2 adoption, and long‑term treasury allocations. Expect active developments as firms operationalize decentralized rails. Published by COINOTAG — Updated: 2025-08-31 In Case You Missed It: Bitcoin May Remain Range-Bound Near $108,000–$111,000 Amid Resistance Tests
Facing the Quantum Threat, Building Tomorrow's Web3 — Exclusive Interview with David Carvalho, CEO of Naoris
A silent revolution is taking shape. As quantum computing becomes a reality, the very foundations of Web3 begin to tremble. Behind this invisible threat, a solution emerges: Naoris Protocol. A decentralized post-quantum cybersecurity infrastructure, it anticipates vulnerabilities that even nation-states fear. Its founder, David Carvalho, grants us an exclusive interview. An ethical hacker turned cyber strategist, he shares his vision, his technological choices, and his warnings. As the $NAORIS Token Generation Event took place on July 31, 2025, a new paradigm is on the horizon.. In brief Naoris Protocol wants to protect Web3 with post-quantum cybersecurity. Its founder, David Carvalho, former ethical hacker and NATO advisor, warns of the urgency of Q-Day. Already 3.3M wallets created and 474M threats neutralized before the July 31, 2025 TGE. Why Naoris? At the intersection of Web3 emergencies and the quantum threat Web3 was built for resilience. Yet it still relies on cryptographic systems that quantum computers could render obsolete in the blink of an eye. Financial institutions, critical infrastructure, and governments are only now beginning to realize the risk: today’s cryptography can be broken, silently, by machines that officially don’t even exist yet. In this context, Naoris Protocol’s mission is to provide a decentralized and trusted cybersecurity infrastructure, built from the ground up to withstand the coming age of quantum computing. This isn’t just a patch, it’s a structural reinvention powered by technologies like the Sub-Zero Layer, Swarm AI, Dilithium-5, and dPoSec. And it’s backed by a recent $3 million strategic funding round led by Mason Labs, with participation from Frekaz Group, Level One Robotics, and Tradecraft Capital. Key Stats The results speak for themselves. Since releasing the testnet in early 2025: Over 3.3 million wallets created; Over 100 million post-quantum encrypted transactions executed; 1 million security nodes activated; 474 million threats detected and neutralized. These numbers reflect lightning-fast adoption and unprecedented reactivity in the Web3 ecosystem. Meet the Visionary: David Carvalho David Carvalho is the founder, CEO, and Chief Scientist of Naoris Protocol. With over 20 years of experience as a Global Chief Information Security Officer and ethical hacker, he has also spent his career advising nation-states and critical infrastructures under NATO on cyber-war, cyber-terrorism, and cyber-espionage. His vision is radical: if quantum adversaries already exist in secret labs, we must build infrastructure to survive the invisible. Not a patch—an architecture. That architecture rests on three pillars: post-quantum cryptography, decentralized validation, and automated collective intelligence. David isn’t just imagining a resilient Web3. He’s constructing an antifragile digital civilization, ready to absorb shocks others won’t admit exist. Exclusive Interview with David Carvalho Can you present yourself and tell us what drove you to create Naoris Protocol? I’m David Carvalho, founder, CEO, and Chief Scientist of Naoris Protocol. I’ve spent over 20 years as a Global Chief Information Security Officer and ethical hacker, advising nation-states and critical infrastructures under NATO on cyber-war, cyber-terrorism, and cyber-espionage. The catalyst came in 2017 during a nation-state meeting with former Head of NATO Intelligence Committee Kjell Grandhagen. But what really drove me was understanding that quantum timelines aren’t theoretical. As Jay Gambetta, Vice President of IBM Quantum, warns: The quantum threat isn’t coming—it’s here. Nation-states are harvesting encrypted data TODAY, betting they’ll decrypt it tomorrow. We needed infrastructure built for adversarial quantum capabilities from day one. Naoris presents itself as “The Base Layer of Trust & Security” — why do you think cybersecurity should be native to the infrastructure and not an added layer? Because bolt-on solutions are dead on arrival against quantum threats . CIA leadership has been briefing Congress that quantum breakthroughs are happening faster than public research suggests. When intelligence agencies are harvesting encrypted communications at unprecedented scale, waiting for traditional security vendors to quantum-upgrade is strategic suicide. We operate at the Sub-Zero Layer – below L0 to L3 – quantum-shielding transactions in real-time without hard forks. When quantum computers start breaking encryption en masse, traditional security layers crumble like dominoes. Native quantum-resistant infrastructure is the only thing that survives Q-Day. More than 1.1 M wallets in one month: how do you explain this meteoric adoption? That growth reflects institutional understanding that quantum transition windows are much shorter than public timelines suggest. NSA cryptographers have been privately advising Fortune 500 companies that quantum-resistant transitions need to happen immediately. BlackRock didn’t add quantum computing warnings to their Bitcoin ETF filings for theoretical concerns – they’re seeing intelligence briefings showing quantum capabilities advancing faster than public research indicates. The smart money knows when quantum capabilities are officially announced, it’s already too late. In a post-quantum world, which threats do you believe are currently underestimated by Web3 projects? The timeline collapse. Web3 builders think they have until the 2030s. They’re catastrophically wrong. Defense Department briefings suggest quantum breakthroughs are happening behind classified doors right now. According to Tilo Kunz of Quantum Defen5e, who briefed Defense Information Systems Agency officials, Q-Day could arrive much sooner than public timelines suggest. The data harvest is already complete – every blockchain transaction is sitting in quantum-ready archives waiting for decryption. Nation-states won’t announce their quantum capabilities – they’ll exploit them silently while everyone else scrambles for solutions that no longer work. In what way is Naoris Protocol truly post-quantum? Could you simply explain the algorithms (Dilithium-5, KEMs, etc.) used and why they are so important? We built assuming quantum adversaries are already operational behind classified programs. Our Dilithium-5 signature schemes remain secure against quantum computers running Shor’s algorithm at scale. CRYSTALS-KYBER key encapsulation ensures even if quantum adversaries are intercepting all network traffic for future decryption, they can’t derive our encryption keys. We’ve rebuilt the entire cryptographic stack assuming adversarial quantum capabilities that intelligence agencies hint at but won’t publicly confirm. Unlike academic research assuming gradual quantum development, we designed for sudden quantum superiority scenarios where adversaries achieve cryptographic dominance overnight. IBM’s quantum roadmap shows exponential capability growth, but government quantum programs are typically decades ahead of commercial research. Does your dPoSec (Decentralized Proof of Security) fundamentally change the role of validators? Can we say that each node becomes a cybersecurity agent? Absolutely. Traditional validators become obsolete the moment quantum computers can forge consensus signatures. Our dPoSec validators are quantum-hardened cybersecurity agents that remain functional when quantum attacks break conventional blockchain security. Each node runs threat detection algorithms designed to identify quantum-enabled attacks before they become public. When quantum computers start breaking blockchain consensus in real-time, our validators will be the only ones still operating legitimately. We’re building the world’s largest quantum-resistant security mesh where every node contributes to collective defense against threats that intelligence agencies are already tracking but not publicly discussing. Which industries today have the greatest demand for a solution like yours? And which are still lagging behind? Financial services and defense contractors are quietly panicking because they’re getting classified briefings about quantum timelines that contradict public research. Banking executives who’ve seen NSA presentations are fast-tracking post-quantum transitions without waiting for industry standards. Government contractors handling classified information are receiving direct orders to implement quantum-resistant infrastructure immediately. They’re not waiting for gradual transitions because intelligence agencies know quantum threats are already operational in certain capacities. The biggest laggards are crypto projects that think they have time for committee decisions. Most DeFi protocols are building on quantum-vulnerable infrastructure while promising long-term security – it’s delusional given what intelligence agencies know about quantum development timelines. With more than 474 million cyber threats blocked on the testnet, can you give us a concrete example of an attack that was detected and neutralized? We’ve neutralized sophisticated phishing campaigns using malware distribution through compromised browser extensions targeting crypto wallets. The malware captures private keys and seed phrases when users access their wallets. We stopped massive deanonymization attacks where adversaries correlated on-chain transactions with browser fingerprinting to unmask wallet owners. They built detailed profiles linking crypto holdings to real identities through browser capabilities and transaction timing patterns. We’ve identified anonymization stripping attacks targeting privacy coin users, using cross-chain analysis combined with browser exploitation to pierce anonymization layers. These attacks specifically target mixing services by correlating browser data with blockchain analysis. Another major threat involved crypto data harvesting through compromised browser extensions stealing wallet information, credit card data, and banking credentials stored in browsers for comprehensive financial profiling. Our quantum-aware algorithms detected preparation attacks where adversaries test browser security capabilities to map vulnerabilities for future quantum exploitation once quantum computers can crack encryption protecting stored credentials. The $NAORIS token is at the heart of your infrastructure. Could you explain its exact role? $NAORIS is fundamentally different – it’s a machine-to-machine communication and consensus creation token that certifies, validates, and provides security assurance at post-quantum levels for infrastructure applications and hardware. Whether it’s running processes, applications, or operations that require cryptographic proof of state, $NAORIS enables machines to autonomously validate security without human intervention. Unlike most tokens that are human-driven and volatile, $NAORIS is machine-to-machine driven, making it inherently more resistant to market downturns. The token enables autonomous security validation between devices, systems, and infrastructure components. Machines stake and earn $NAORIS based on security performance, creating an economy where cybersecurity becomes automated and economically incentivized at the infrastructure level. What will be the major milestones for the project in the 6 to 12 months following the TGE? Our core objective is bridging Web3 and Web2, transforming traditional infrastructures that are centralized single points of failure into highly resistant, validated environments backed by hundreds of millions of nodes. We’re targeting the quantum transition window when current cryptography starts failing but before alternative infrastructure becomes available. Enterprise adoption will accelerate as classified quantum capabilities become public knowledge. Our quantum threat intelligence platform will provide early warning when quantum computers achieve cryptographic relevance, tracking operational quantum capabilities that governments prefer to keep classified. We’re building for the moment when quantum superiority creates sudden, catastrophic demand for infrastructure that remains cryptographically legitimate. When quantum computers start breaking traditional security en masse, we’ll be the only network with hundreds of millions of quantum-resistant nodes still operating legitimately. A Safety Net for the Quantum Storm By combining scientific rigor with strategic vision, David Carvalho is paving the way for a viable Web3 beyond Q-Day. The Token Generation Event of Naoris Protocol’s native token, $NAORIS took place on July 31, 2025. Follow their latest updates on the Naoris Protocol website and on X for more information on the project’s development.
Orbs Launches Perpetual Hub Ultra: Whitelabel Solution for DEXs to Offer Perps Trading
Perpetual Hub Ultra’s release satisfies onchain users’ increasing need for perps trading by facilitating decentralized exchanges to futures markets. The success of Orbs’ Perpetual Hub, which has been extensively included across the omnichain ecosystem, is expanded upon by Perpetual Hub Ultra. A whitelabel solution for decentralized exchanges, Perpetual Hub Ultra was introduced by Orbs , the leading Layer-3 infrastructure provider. Any DEX may use Perpetual Hub Ultra, which opens up new marketplaces for perps trading and comes with a completely customizable user interface. Perpetual Hub Ultra’s release satisfies onchain users’ increasing need for perps trading by facilitating decentralized exchanges to futures markets with little overhead. By using Orbs’ top-notch infrastructure and extensive liquidity, DEXs can quickly and safely implement perps trading. The success of Orbs’ Perpetual Hub, which has been extensively included across the omnichain ecosystem, is expanded upon by Perpetual Hub Ultra. For optimal capital efficiency, it offers deep liquidity routing, automatic liquidations, and support for more than 300 trading pairs with leverage up to 60x. By fusing Orbs’ omnichain infra with Symm.io’s smart contract framework, Perpetual Hub Ultra makes it possible for DEXs to easily introduce a whitelabel perps platform. A complete set of Orbs perps primitives, including its Price, Liquidator, and Hedger Oracle, are combined with a completely customized CeFi-grade interface. This gives decentralized exchanges all the resources they need to launch their own platform under their own brand. The modular architecture of Perpetual Hub Ultra offers complete B2B2C scalability. Any DEX can include perps trading with little programming work because to its instant integration. Among the many challenges faced by projects seeking to introduce their own Perps trading platforms are luring in enough liquidity and maintaining competitive margin standards. As a consequence, the market for onchain perps is now dominated by a small number of powerful companies. This imbalance may be resolved by Orbs’ whitelabel solution, which would enable DEXs and L2s to create safe, very liquid perps marketplaces with healthy competition. DEXs may now provide more complex products by diversifying beyond spot trading thanks to Perpetual Hub Ultra. Without needing the creation of a dedicated foundation layer, it has the ability to greatly increase trade volume, draw in new users, and increase income. As spot exchanges use this feature and establish the benchmark for onchain perps, significant DEX implementations of Perpetual Hub Ultra are already in progress on many chains. A decentralized Layer-3 (L3) blockchain Orbs, was created especially for sophisticated onchain trading. Orbs serves as an additional execution layer that leverages a Proof-of-Stake consensus to enable sophisticated scripts and logic that go beyond the inherent capabilities of smart contracts. Onchain trading now offers CeFi-level execution thanks to Orbs-powered protocols like dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub, which push the limits of DeFi and smart contract technology.
Asia Morning Briefing: Bitcoin Stalls Near $109K as Market Waits for a Catalyst
Good Morning, Asia. Here's what's making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas. As Asia begins its Wednesday trading day, bitcoin BTC$108,806.27 continues to trade rangebound without any dominant market-moving headlines. The world's largest digital asset is trading above $108,900, according to CoinDesk market data, and the CoinDesk 20 index, a measure of the performance of the largest digital assets, is above 3,100, up 1.7%. Right now, what separates bitcoin's drift to $110K from a rally is market conviction, say observers. In a recent report, Glassnode highlighted that spot volumes for BTC continue to linger below their usual statistical bands, ETF flows contracted sharply from recent highs, and institutional investors appear hesitant despite the climbing unrealized gains shown in elevated ETF Market Value to Realized Value (MVRV) ratios. In a market update from earlier this week, Wintermute describes this cautious environment as a "barbell market," pointing out a stark divide between renewed enthusiasm in high-beta assets, like memecoins, and the stability of established large-cap tokens. Last year's narrative darlings, notably AI and DePIN tokens, have lost investor attention, indicating that traders are rotating into memecoins, many of the majors like DOGE, SHIB, and PEPE are up over 8% in the last week, or staying in BTC and ETH, which are seen as battle-tested and secure. With global equities largely shrugging off geopolitical uncertainties, BTC's hesitancy underscores lingering caution among traders, suggesting the market awaits clearer signals before breaking decisively higher. Things are likely to remain rangebound until that changes. (CoinDesk) News Recap: $100M Fund Backs Builders, Not Bettors, on Bitcoin Bitcoin-only VC firm Ego Death Capital has closed a $100 million second fund aimed at backing projects that treat Bitcoin as infrastructure, not a speculative trade, CoinDesk previously reported. The fund will target Series A rounds between $3 million and $8 million for startups solving real-world problems using Bitcoin’s base layer or its scaling solutions. “We’re investing in businesses that treat Bitcoin not as a trade, but as infrastructure—something to build on, not bet on,” said general partner Lyn Alden. Ego’s existing portfolio includes Relai, a self-custody app, and Roxom, a securities exchange built directly on Bitcoin rails. At a time when multichain VCs are chasing yield on every new L2 and L3, Ego’s thesis is a bet on simplicity and durability: Bitcoin’s dominance remains above 60%, and the fund aims to capitalize on its staying power. The message to allocators: ignore the hype, back the rails that last. News Recap: Judge Bars Sanctions Talk in Tornado Cash Trial, Limits Free Speech Defense A federal judge has ruled that the U.S. government's sanctions against Tornado Cash, which were imposed in 2022 and later overturned, cannot be discussed in the upcoming criminal trial of developer Roman Storm, CoinDesk previously reported. Judge Katherine Polk Failla said allowing the jury to hear about the now-invalid sanctions would require "mental gymnastics" and risk confusing the core legal issues at trial. The sanctions were originally imposed by the U.S. Treasury’s Office of Foreign Assets Control (OFAC) over alleged use of the mixer by North Korea’s Lazarus Group, but were struck down earlier this year in a separate case, Van Loon v. Treasury. Storm faces multiple criminal charges related to his role in building Tornado Cash, a privacy tool that allows users to obscure the origin of crypto transactions. Prosecutors allege that he profited substantially from the project, citing evidence of multi-million-dollar TORN token sales and real estate purchases. Judge Failla also ruled that evidence obtained from fellow Tornado Cash developer Alexey Pertsev’s phone can be admitted at trial, despite objections from Storm’s legal team who argued the material was cherry-picked and not independently verifiable. Although Storm is free to speak about his belief in privacy and civil liberties, the judge said he will not be allowed to frame his actions as protected under the First Amendment. The court drew a distinction between personal beliefs and legal defenses. A final pre-trial hearing is scheduled for Friday, with the trial slated to begin on June 14 and expected to last four weeks. The outcome of the case is likely to set an important precedent for how U.S. courts treat developers of open-source privacy tools. Market Movements: BTC: Bitcoin maintained institutional-grade resilience during the July 7–8 trading cycle, holding above the key $108,000 level while navigating heavy resistance at $109,200 and finding strategic support near $107,470, signaling continued confidence from corporate treasuries despite late-session profit-taking, according to CoinDesk's market insights bot. ETH: Ethereum rose 3% to $2,610 during the July 7–8 session as institutional investors deployed $515 million in coordinated weekend buying, driving volumes to nearly triple the average and pushing the asset through key resistance levels Gold: Gold fell 1.2% to below $3,300 on Tuesday as optimism over delayed reciprocal tariffs and hopes for new trade deals weakened safe-haven demand, while markets awaited FOMC minutes for further rate guidance. Nikkei 225: Asian markets traded mixed Wednesday as Japan’s Nikkei 225 edged down 8.39 points (0.021%) after U.S. President Trump ruled out delaying August 1 tariffs, imposed a 50% duty on copper imports, and warned of potential 200% pharmaceutical tariffs with an 18-month grace period. S&P 500: The S&P 500 closed nearly unchanged on Tuesday after President Donald Trump confirmed there would be no exemptions to the August 1 tariff rollout. Elsewhere in Crypto Eigen Labs lays off 25% of employees, turns focus to EigenCloud (Blockworks) SharpLink Gaming Jumps 26% as Ether Treasury Tops 200K ETH (CoinDesk) Japan's Surging 30-Year Yield Is Flashing Warning Sign for Risk Assets: Macro Markets (CoinDesk)
Naoris Protocol Begins Token Sale for First Post-Quantum Infrastructure Layer
The project opens token offering following overwhelming response to pre-registration PORTO, PORTUGAL--Naoris Protocol, the first quantum-resistant architecture and blockchain, today opened its highly anticipated public sale for the $NAORIS token, following over 15,000 pre-registrations. The sale, which takes place on the Tokensoft platform and is accessible via the Naoris Protocol Website, begins, Tuesday, May 20, 2025, at 08:00 UTC and will continue for seven days, ending on Tuesday, May 27, 2025. During this period, the $NAORIS token will be available for purchase. Pre-registering is not a requirement for the Public Sale, so anyone who wishes to participate will be able to purchase $ NAORIS using ETH, USDT, or USDC. Participants who pre-registered via the whitelist were able to complete Naoris Protocol’s Know Your Customer (KYC) verification process before the start of the sale event. Since launching on January 31, 2025, Naoris’s post-quantum testnet has been an overwhelming success, processing more than 64 million post-quantum transactions, onboarding 2.1 million wallets, deploying 828,000+ security nodes, and mitigating 342 million cyber threats, making it the fastest-growing trust and security layer in Web3. David Carvalho, CEO and Founder of Naoris Protocol, says: “We experienced overwhelming demand for our pre-registration whitelist when it opened, which was very encouraging and gave us an indication of the interest in our protocol. The threat to cryptography from quantum computing is no longer distant or theoretical - it’s on our doorstep, and the time to act is now. Naoris Protocol is the first-ever architecture that can easily integrate with any EVM-compatible blockchain and make transactions quantum-secure, as their security becomes more pressing every year.” Naoris Protocol is led by industry experts and cyber pioneers and backed by advisors with decades of experience. These include David Holtzman, former CTO of IBM and architect of the DNS protocol; Ahmed Réda Chami, Ambassador for Morocco to the EU and former CEO of Microsoft North Africa; Mick Mulvaney, former White House Chief of Staff; and Inge Kampenes, former Major General (ret.) and former fighter pilot and Chief of Norwegian Armed Forces Cyber Defence. The protocol’s architecture operates at the Sub-Zero Layer below layers L0 to L3, meaning it can seamlessly integrate to secure blockchain transactions, decentralized exchange (DEX) dApps, nodes, bridges, and other Web3 systems, without requiring hard forks or operational disruption. Beyond Web3, it is designed to secure a wide variety of systems, processes and physical infrastructure in traditional Web2 sectors, from healthcare to defense. In addition, Naoris Protocol runs a fully quantum-resistant Layer 1 blockchain secured by its proprietary Proof-of-Security (dPoSec) consensus mechanism. Its security mesh is powered by post-quantum cryptography and decentralized AI, and aligned with emerging EU and US quantum standards like NIST, NATO & ETSI. In 2022, Naoris Protocol raised a total of $31 million, backed by well-known visionary leader, Tim Draper, and institutional investors such as the Holdun Family Office and CLS Global. About Naoris Protocol Naoris Protocol is the world’s first Decentralized Post-Quantum Infrastructure, built to secure both Web3 and Web2 against traditional and quantum threats. Operating beneath blockchain layers 0 to 3 as a Sub-Zero Layer, it integrates with existing EVM chains, nodes, bridges, dApps, enterprise systems, and IoT devices without requiring hard forks. Naoris Protocol combines Post-Quantum Cryptography, dPoSec Consensus, and Decentralized Swarm AI to create a self-healing security mesh that eliminates single points of failure. Since launching in January 2025, it has processed over 64 million transactions and mitigated 341 million threats. Powered by the $NAORIS token, it is the fastest-growing trust and security layer for a quantum-resilient internet. To learn more about Naoris Protocol, visit https://www.naorisprotocol.com/
ArbiDex and BaseSwap Relaunch with Orbs-Powered dLIMIT & dTWAP for Advanced Onchain Trading
Orbs’ flagship trading protocols are now available to users of the two decentralized exchanges (DEXs) thanks to the integration of dTWAP and dLIMIT. Traders using Arbitrum and Base have access to several advanced order types, such as the capability to divide swaps into multiple orders in order to get better pricing. Exchanges that are decentralized In addition to relaunching their individual user interfaces, ArbiDex and BaseSwap have also integration dTWAP and dLIMIT, both of which are powered by Orbs , into the upgrade. As a consequence of this, traders using Arbitrum and Base have access to several advanced order types, such as the capability to divide swaps into multiple orders in order to get better pricing. Orbs’ flagship trading protocols are now available to users of the two decentralized exchanges (DEXs) thanks to the integration of dTWAP and dLIMIT. This gives users the ability to either settle the price of their trades or divide big orders into smaller ones. Their incorporation into ArbiDex and BaseSwap ensures that the user interface (UI) remains consistent throughout, so guaranteeing that the flow of users is not disrupted while employing these cutting-edge trading technologies. When consumers switch to a dLIMIT swap on ArbiDEX or BaseSwap, they are greeted with an intuitive user interface that is simple to follow, in addition to a tab that displays their order history, which allows them to see and record past transactions. In the case of dLIMIT, the deal will not be carried out until the current market price is either equal to or higher than the Limit price that the user has established. dTWAP, on the other hand, gives users the ability to progressively scale into positions by enabling them to preset the number of individual transactions as well as the amount of time that elapses between each trade. Following the implementation of hundreds of other integrations of a similar kind across EVM networks, dLIMIT and dTWAP have been included into ArbiDex and BaseSwap. These two protocols, which are powered by Orbs L3 technology, have established themselves as the gold standard for decentralized algorithmic ordering in the DeFi space. Together with other Orbs-powered protocols, such as Liquidity Hub for pooled liquidity and Perpetual Hub for decentralized onchain perpetual futures, dLIMIT and dTWAP have emerged as essential components of the decentralized finance trading industry. In addition to the arrival of dLIMIT and dTWAP, ArbiDex and BaseSwap have relaunched with a new design and new incentive programs that have the potential to strengthen their position at the core of the onchain trading scene on their respective networks. For the purpose of sophisticated onchain trade, Orbs is a decentralized blockchain that operates at the Layer-3 (L3) level. Orbs is a supplemental execution layer that makes use of a Proof-of-Stake consensus. Its purpose is to facilitate complicated logic and scripts that go beyond the inherent features of smart contracts. Orbs-powered protocols like dLIMIT, dTWAP, Liquidity Hub, and Perpetual Hub push the frontiers of DeFi and smart contract technology, bringing CeFi-level execution to onchain trading. These protocols are examples of how Orbs is becoming more popular.
Naoris Protocol Begins Token Sale for First Post-Quantum Infrastructure Layer
Naoris Protocol, the first quantum-resistant architecture and blockchain, today opened its highly anticipated public sale for the $NAORIS token, following over 15,000 pre-registrations. The sale, which takes place on the Tokensoft platform and is accessible via the Naoris Protocol Website, began on Tuesday, 20 May 2025, at 08:00 UTC and will continue until Tuesday, 27 May 2025. During this period, the $NAORIS token will be available for purchase. Pre-registering is not a requirement for the Public Sale, so anyone who wishes to participate will be able to purchase $NAORIS using ETH, USDT, or USDC. Participants who pre-registered via the whitelist were able to complete Naoris Protocol』s Know Your Customer (KYC) verification process before the start of the sale event. Since launching on 31 January 2025, Naoris』s post-quantum testnet has been an overwhelming success, processing more than 64 million post-quantum transactions, onboarding 2.1 million wallets, deploying 828,000+ security nodes, and mitigating 342 million cyber threats, making it the fastest-growing trust and security layer in Web3. David Carvalho, CEO and Founder of Naoris Protocol, says:「We experienced overwhelming demand for our pre-registration whitelist when it opened, which was very encouraging and gave us an indication of the interest in our protocol. The threat to cryptography from quantum computing is no longer distant or theoretical - it』s on our doorstep, and the time to act is now. Naoris Protocol is the first-ever architecture that can easily integrate with any EVM-compatible blockchain and make transactions quantum-secure, as their security becomes more pressing every year.」 Naoris Protocol is led by industry experts and cyber pioneers and backed by advisors with decades of experience. These include David Holtzman, former CTO of IBM and architect of the DNS protocol; Ahmed Réda Chami, Ambassador for Morocco to the EU and former CEO of Microsoft North Africa; Mick Mulvaney, former White House Chief of Staff; and Inge Kampenes, former Major General (ret.) and former fighter pilot and Chief of Norwegian Armed Forces Cyber Defence. The protocol』s architecture operates at the Sub-Zero Layer below layers L0 to L3, meaning it can seamlessly integrate to secure blockchain transactions, decentralized exchange (DEX) dApps, nodes, bridges, and other Web3 systems, without requiring hard forks or operational disruption. Beyond Web3, it is designed to secure a wide variety of systems, processes and physical infrastructure in traditional Web2 sectors, from healthcare to defense. In addition, Naoris Protocol runs a fully quantum-resistant Layer 1 blockchain secured by its proprietary Proof-of-Security (dPoSec) consensus mechanism. Its security mesh is powered by post-quantum cryptography and decentralized AI, and aligned with emerging EU and US quantum standards like NIST, NATO & ETSI. In 2022, Naoris Protocol raised a total of $31 million, backed by well-known visionary leader, Tim Draper, and institutional investors such as the Holdun Family Office and CLS Global. About Naoris Protocol Naoris Protocol is the world』s first Decentralized Post-Quantum Infrastructure, built to secure both Web3 and Web2 against traditional and quantum threats. Operating beneath blockchain layers 0 to 3 as a Sub-Zero Layer, it integrates with existing EVM chains, nodes, bridges, dApps, enterprise systems, and IoT devices without requiring hard forks. Naoris Protocol combines Post-Quantum Cryptography, dPoSec Consensus, and Decentralized Swarm AI to create a self-healing security mesh that eliminates single points of failure. Since launching in January 2025, it has processed over 64 million post-quantum transactions and mitigated 341 million threats. Powered by the $NAORIS token, it is the fastest-growing trust and security layer for a quantum-resilient internet. This article is a contributed piece and does not represent the views of BlockBeats
Ethereum's Challenge: How to Address Value Leakage in a Modular Stack?
Original Author: @shmula Translated by: zhouzhou, BlockBeats Editor's Note: This article discusses Ethereum's role in the development of technologies such as Rollup, L2, and L3. As projects launch their own chains through Rollup as a Service (RaaS), the team's focus is shifting towards product, users, and tokens, rather than aligning with Ethereum. The author uses the metaphor of the "abandoned mother" to describe how Ethereum is gradually becoming the "mother" of projects that are deviating from it, with ETH as an asset being diluted in this process. The author asks: If Ethereum does not want to become this kind of "mother," how should it respond to this change? Below is the original content (restructured for readability): The Ethereum community has spent a lot of time discussing whether Rollup, L2, and L3 have extracted value from Ethereum L1. In the past 24 hours, @ameensol, @haydenzadams, @wmougayar, @siobh_eth, @TrustlessState, and others have been deeply involved in this discussion. My perspective is: Any behavior that moves transactions and activity away from Ethereum L1 fundamentally constitutes a form of value extraction. This is not necessarily a bad thing. But I believe that, in the long run, it will indeed impact the asset ETH. Let me explain using two perspectives: one is a Toyota analogy, and the other is a real-world Rollup project I advised. While working at Toyota, I learned a principle from my lean mentor called Genchi Genbutsu (現地現物). It means: "Go and see for yourself." Do not rely solely on dashboards or second-hand information; experience things firsthand. This concept deeply influenced how I analyze ecosystems like Ethereum. Genchi Genbutsu teaches you to avoid the trap of abstraction. Data is certainly helpful, but without firsthand experiential knowledge, the data is incomplete. I have witnessed the launch of several Rollup projects, and each time, I observed the same transformation. And the interesting part begins here. Here, I want to introduce a concept: the "Orphaned Mother". In philosophy, this term refers to disciplines such as physics, mathematics, and economics, which all originally emerged from philosophy. Philosophy nurtured them, but its "children" grew up and moved away from it, eventually leaving her as an abandoned mother. Every new Rollup, L2, L3 that emerges gradually turns Ethereum into that "abandoned mother." A few years ago, I provided advice for a Rollup project focused on a specific domain. The team members were all staunch Ethereum believers—I first met them at the 2017 ETH San Francisco event. Initially, they were all idealists. At that time, they used Rollup-as-a-Service providers like @gelatonetwork, @alt_layer, @conduitxyz, or @Calderaxyz. These companies were all excellent and provided great service to their clients. The whole process was very straightforward, taking less than 30 minutes: you would have your own chain. From that moment on, everything started to change. After going live, their mindset shifted. They were no longer just builders but had become entrepreneurs. Their focus turned to product, users, community, and growth. They were fully committed to their chain and token. As for staying aligned with Ethereum? It was no longer among the top ten priorities. This is not a criticism of them but a reflection of reality. When you operate your own chain, your mindset changes. You optimize your flywheel, your incentives, your token. Ethereum became that abandoned mother. Back to Genchi Genbutsu—go and see for yourself. Launch your own Rollup, use a RaaS, try to develop it, issue your own token. Experience it firsthand, and you will see how your mindset shifts from an ETH maxi to a token founder. You will feel this change. Let me summarize: (1) Launching your own chain will transform you from an Ethereum-aligned builder to a business owner. (2) This ownership mentality makes ETH optional. (3) Don't just take my word for it, go verify for yourself. This is neither good nor bad, it just is. But if Ethereum wants to avoid becoming the “abandoned mother” in a modular stack, it needs to confront this dynamic head-on. In this model, ETH as an asset will indeed get diluted. The question is: How do we respond to it? “Original Article Link”
ZenIP 42409: ZenIP 42407 Addendum, Horizen 2.0 Tokenomics Proposal
There is a new ZenIP Proposal, ZenIP 42409, which is an Addendum to ZenIP 42407: Horizen Tokenomics Proposal. This ZenIP proposal has been in the community discussion phase since it went live on Discourse on April 1st, 2025. The timeline for the vote on ZenIP 42409 is that voting will open on Monday, April 21st, 2025, at 12pm EST, and close on Thursday, April 24th, 2025, at 12pm EST. Let’s review this ZenIP proposal below, and we’ll also remind you how to prepare your $ZEN to cast your vote. Introduction This ZENIP outlines a proposed addendum to the previously approved Horizen 2.0 tokenomics framework. With the recent decision to migrate Horizen to operate as an L3 appchain on Base, the ecosystem no longer requires a dedicated allocation to blockforging security. This provides an opportunity to reallocate the remaining 5M unminted $ZEN in a way that strategically drives long-term growth, ecosystem adoption, and sustainability and makes sense with being the first privacy platform of the Base ecosystem. Note that the total supply will still remain the same at 21 million tokens. The proposed allocations and their rationale are detailed below. Recommended Allocation Summary Vesting Schedule At migration, 25% of the remaining token supply will be minted for the community, with the rest subject to a linear vesting period over 48 months. This structure is designed to promote prudent spending over time and to help stabilize ZEN’s value. Category Explanations & Rationale Incentives/Participation (750,000 ZEN | 15%) Purpose: To establish a robust incentive pool that rewards participation, developer contributions, and strategic dApp deployments on Horizen. Rationale: Incentives are crucial for onboarding high-impact projects and encouraging engagement within the Horizen ecosystem. Tying incentives to milestones such as project launches, TVL targets, or staking programs ensures that rewards flow to meaningful contributions rather than passive participation. This allocation is also intended to revive successful elements of previous staking programs, ensuring ZEN holders have active opportunities to earn rewards through qualified staking opportunities. Community Grants (250,000 ZEN | 5%) Purpose: To provide direct funding for community-driven initiatives, development projects, and other grassroots activities that support Horizen’s growth. Rationale: While grants are important for empowering developers and innovators, the reduced allocation reflects a shift toward aligning funding with more targeted investments through the ZEN Sustainability Initiative and milestone-based incentives. Prioritizing strategic funding ensures a higher return on investment and minimizes wasted resources. Growth Marketing (250,000 ZEN | 5%) Purpose: To increase awareness, promote Horizen adoption, and drive targeted marketing campaigns aligned with platform growth. Rationale: By shifting emphasis away from traditional broad marketing, this allocation will focus on performance-driven campaigns that drive measurable outcomes such as TVL growth, developer recruitment, and dApp adoption. A more efficient marketing strategy will allow Horizen to capture attention while preserving capital. ZEN Sustainability Initiative (2,000,000 ZEN | 40%) Purpose: To establish a long-term sustainability reserve that ensures ongoing resources for Horizen’s ecosystem well into the future. Rationale: The Sustainability Initiative is designed to support initiatives that generate long-term value for the ecosystem in a sustainable way. By strategically reserving resources and investing in ecosystem projects with revenue and equity share opportunities, Horizen can foster continued growth while building new revenue streams. This approach helps safeguard the ecosystem’s future, ensuring it remains dynamic and resilient as emission reserves diminish. Ecosystem Development (750,000 ZEN | 6%) Purpose: To fund technical infrastructure, tooling, and services that expand Horizen’s platform capabilities. Rationale: With Horizen migrating to Base, much of the critical tooling and infrastructure needs will be provided by the Base ecosystem. This reduced allocation reflects a narrower focus on Horizen-specific tooling or enhancements that Base does not provide. $ZEN Growth & Stability (500,000 ZEN | 10%) Purpose: To maintain a strategic reserve that can be deployed to stabilize ZEN’s value, fund liquidity initiatives, and buffer market volatility. Rationale: As Horizen evolves, maintaining stability in ZEN’s price will be crucial for maintaining investor confidence and user adoption. This fund ensures Horizen can mitigate extreme market shifts or support key initiatives during turbulent conditions. Infrastructure (500,000 ZEN | 10%) Purpose: Designated to support the security and maintenance of blockchain infrastructure, ensuring the long-term stability and functionality of the ecosystem. This may include, but is not limited to, funding for sequencers, RPC nodes, oracles, indexers, basic bridging support, possible DA layers, and other essential services. This provides flexibility to allocate resources toward initiatives that contribute to the ecosystem’s sustainability and growth. Conclusion This proposal reflects a strategic recalibration of Horizen’s tokenomics designed to optimize long-term sustainability, growth, and community impact. By reallocating the security budget into high-impact categories such as the ZEN Sustainability Initiative and Incentives/Participation, Horizen is better positioned to attract developers, expand the ecosystem, and ensure token value stability. Furthermore, ZEN’s utility will be integral to Horizen’s capability to enable private and compliant use cases within the ecosystem. How much voting power do I have, and how can I prepare to cast my vote? Your voting power is a sum of the following criteria: $ZEN in your EVM wallet (such as MetaMask). $ZEN in your linked mainchain wallet. The total amount of $ZEN that was delegated to forger nodes from your EON Wallet. Please note that Horizen uses Snapshot for voting. This means that your voting power will be a total of the items above at a specific block height on EON. If token values change after that specified block height it will not be included in your voting power. How do I link my mainchain wallet to my EON address? Being that many users prefer to keep their $ZEN on Horizen’s mainchain we’ve made it possible to vote on proposals while keeping $ZEN on the mainchain. Please use the following guide to link your mainchain and EON addresses: Linking Mainchain and EON $ZEN Addresses | Horizen Documentation Do I have to do anything if I stake $ZEN to a forger node to vote on proposals? No. As long as you are using the same wallet which was used to delegate stake, your voting power will include all $ZEN that is staked to forger nodes. How do I vote on ZENIPs using my staked $ZEN? Voting is done on Snapshot using Horizen EON. Go to the Horizen Foundation Snapshot page: https://snapshot.org/#/horizenfoundation.eth Make sure to join the Horizen Foundation as a member on Snapshot. Connect your wallet. Choose a proposal you would like to vote on. Read through the proposal and look at the possible voting options. Select a choice, you will be asked to sign a message with your wallet to vote on the proposal (this does not incur any gas fees). As always, we remain available in the Horizen Discord for any questions or support needed!
Linera and Dojima Partner to Advance Real-Time Omnichain Web3 Apps
The partnership will provide Builder Marketplace, a smooth and completely composable application layer. The collaboration improves Dojima’s omnichain architecture and lowers friction between Web2 and Web3 applications. Linera, a Layer 1 that optimizes real-time applications, is collaborating with the Dojima Foundation, which is creating the Omnichain Web to bring web3 ecosystems together. In order to enable developers to grow and integrate Web3 applications across various networks, the partnership will provide Builder Marketplace, a smooth and completely composable application layer. Dojima will be able to provide fast decentralized apps on all of the major L1 and L2 blockchains thanks to the partnership. The service, which will debut on Dojima’s Builder Marketplace, makes it easier to develop modular apps that need to execute quickly and be cross-chain composable without compromising security. This covers applications for interoperability, gaming, NFTs, and enterprise. By providing microchains, which enable high-speed, modular, and decentralized execution without sacrificing decentralization, Linera improves this process. Linera guarantees smooth cross-chain interactions without depending on ineffective bridges, in contrast to conventional L1 or L2 solutions that have issues with scalability and interoperability. By offering a scalable communication layer for omni apps, omni solvers, and omni rollups, the collaboration improves Dojima’s omnichain architecture and lowers friction between Web2 and Web3 applications. Because Linera’s microchains provide real-time communication and effective state management—two essential components of Dojima’s vision of an interconnected blockchain future—the duo have partnered. A new generation of completely modular apps is made possible by Dojima and Linera working together to bridge the gap between Web2 and Web3. Dojima is introducing its newest innovation, Omni Rollups, which will enable multichain settlements and state management while fusing Web2 performance with Web3’s decentralized security and facilitating extremely scalable Omni apps. As a consequence, blockchain fragmentation is eliminated and a universal execution environment is produced. Akhil Reddy, CEO at Dojima, said: “The Omnichain Web has always been about eliminating fragmentation and enabling a unified blockchain experience. By integrating Linera’s microchain architecture into our ecosystem, we’re unlocking the ability to build truly composable, omni-chain applications with Web2-like responsiveness.” Mathieu Baudet, CEO at Linera added: “At Linera, we believe the future of Web3 lies in real-time, user-centric applications that can scale effortlessly without compromising on decentralization. Our collaboration with Dojima brings together the best of both worlds: high-speed execution and seamless cross-chain interoperability.” The modular composability framework developed by Dojima and Linera will enable developers and businesses to design applications that aren’t limited by throughput or speed constraints imposed by blockchain technology. It will ease the transition from Web2 to Web3 by supporting a new generation of omni apps, omni solvers, and omni rollups that are quick, adaptable, and completely interoperable. The Omnichain Web, a universal framework that removes fragmentation in the Web3 ecosystem, is being pioneered by Dojima Network . It facilitates a smooth financial internet by merging rollups, sidechains, L1, L2, and L3 chains. The method streamlines chain abstraction, enabling developers and protocols to create scalable, interoperable applications, just way Web2 evolved into a unified internet. The first L1 blockchain designed for real-time, hyperconnected applications is Linera . The goal of Linera’s founding was to provide customers with decentralized, globally accessible technology that enables real-time onchain experiences and streamlines interoperability between off-chain applications and blockchains. Applications may read and write onchain data with high speed and security guarantees for any number of active users thanks to Linera’s unique design, which enables users to interact directly with microchains—small chains of blocks. Mathieu Baudet, PhD, the founder and CEO, coauthored the FastPay protocol and was an early research engineer on the Meta Libra/Novi project.
Blockchain-as-a-Service B2B Solution Launched on Avalanche
Gelato introduced a new Blockchain-as-a-Service (BaaS) platform built on Avalanche, providing devs the ability to create sovereign blockchains using Avalanche InterChain Messaging (ICM). The new service was launched alongside the major Avalanche9000 update and enables developers to quickly and cost-effectively deploy customizable L1 blockchain networks with a high degree of flexibility. The platform also introduces dynamic fees and eliminates the need to stake AVAX for deployment or platform usage. Gelato is a Web3 development platform that allows developers to deploy, launch, and scale on-chain apps. The Gelato ecosystem integrates over 50 services, including LayerZero, The Graph, Blockscout, Transact, and ElizaOS for creating autonomous AI agents. This new solution is tailored for FinTech companies and iGaming projects that need full control over governance, economic models, and smart contract execution, while maintaining compatibility with the Avalanche ecosystem. The BaaS platform includes: global RPC infrastructure with 99.99% SLA; support for Verified Nodes for enterprise monitoring; Account Abstraction for user-friendly authentication; oracle services Edge and Stork; VRF for random number generation; Web3 Functions for smart contract automation. According to Luis Schliesske, Founder at Gelato, BaaS for Avalanche offers a complete stack of tools for developers, enabling businesses to launch their own networks using existing infrastructure. He also emphasized that sovereignty, compatibility, and user convenience are key for the next-generation corporate blockchain networks, and BaaS will allow developers to focus on creating innovative products rather than achieving ecosystem compatibility. Last year, the BVM Studio team introduced a tool that simplifies, speeds up, and standardizes the deployment of L2 and L3 networks in the Bitcoin and Ethereum ecosystems.
Major Altcoin Listings Create Excitement in the Crypto Market
cryptocurrency exchanges continue to list altcoins , with significant expectations for the medium and long term. The recent listing of altcoins previously added to the roadmap was not surprising. Just days ago, the exchange updated its listing and announced that the listing would take place tomorrow. Latest Altcoin Listings Coinbase exchange will add support for AltLayer (ALT), Pendle (PENDLE), and Layer3 (L3). The previously included altcoins in the roadmap are now being listed. The price of ALT has increased by 20%. PENDLE has seen a 3% rise, while L3 has also experienced a 20% increase. The listing is scheduled for tomorrow at this time. Significant developments have occurred in recent hours. Senior EU officials disclosed that Trump might impose tariffs of around 20%. Following this news, the BTC price decreased, raising fears regarding April 2. Fed member Kashkari warned that the negative impact on consumer confidence could lead to worse outcomes than tariffs. Japan’s 10-year bonds climbed to 1.59%, reaching the highest level since 2008. The SP US Report highlights concerns about a recession. “We see a 25% chance of a recession starting in the US within the next 12 months.”
FAI, ALT, PENDLE, and L3 Prices Surged Following Coinbase’s Listing Announcement
Key Points Coinbase added FAI, ALT, PENDLE, and L3 to its listing roadmap. Following the announcement, the digital assets’ prices surged. Yesterday, Coinbase Assets added four new crypto projects to its listing roadmap: Freysa (FAI) on Base AltLayer (ALT) on Ethereum Pendle (PENDLE) on Ethereum Layer3 (L3) on Ethereum The crypto exchange made a separate announcement for ALT, PENDLE, and L3, after revealing the upcoming listing for FAI. Assets added to the roadmap today: AltLayer (ALT), Pendle (PENDLE), and Layer3 (L3) https://t.co/rRB9d3iqgA — Coinbase Assets 🛡️ (@CoinbaseAssets) March 20, 2025 The prices for all four digital assets surged following Coinbase’s notes. FAI, ALT, PENDLE, and L3 Prices Surged FAI Price Trajectory At the moment of writing this article, FAI is trading above $0.018, with a market cap of over $154 million. The coin is up by over 7% in the past 24 hours. FAI price in USD today The coin kicked off its ascendant trajectory following Coinbase ‘s announcement and surged from a market cap of over $141 million on March 20 to over $209 million in a short amount of time, recording a spike of over 29% before cooling off to current prices. ALT Price Trajectory Currently, ALT is trading above $0.03, with a market cap of more than $104 million. The coin is up by 4% in the past 24 hours. ALT price in USD today On March 20, ATL’s market cap jumped from around $100 million to over $111 million, seeing a surge of over 5% following Coinbase’s announcement. PENDLE Price Trajectory Today, PENDLE is trading at $2.47 with a market cap of over $400 million, and it’s up by 1% in the past 24 hours. PENDLE price in USD today Yesterday, PENDLE’s price jumped from around $2.43 to over $2.5 following the exchange’s upcoming listing announcement, seeing a price surge of over 3%. The coin’s price continued its ascendant trajectory until earlier today when it topped $2.59 before cooling off. L3 Price Trajectory At the moment of writing this article, L3 is trading above $0.08 with a market cap of over $31 million, and it’s up by more than 39%. L3 price in USD today On March 20, L3’s price jumped from around $0.05, reaching over $0.08, a surge of more than 25%. The coin continued its ascendant trajectory, topping $0.1 earlier today, before seeing a price correction to current levels.
Early Investors Capitalize on Upcoming Altcoin Listings for Major Gains
Cryptocurrency traders are seizing early opportunities with less popular altcoins to profit from exchange listings. As they observe the significant impacts on charts from listing announcements, they are quick to sell for gains as high as 100%. Recently, Coinbase signaled the impending listing of three altcoins, prompting speculation about which coins will benefit from these listings. Latest Altcoin Listing Updates Coinbase, one of the largest exchanges by volume and the leading platform in the U.S., significantly impacts prices with its listings. The combination of liquidity from listings and regulated access for U.S. traders makes Coinbase’s announcements particularly influential on altcoin prices. The platform announced the inclusion of AltLayer (ALT), Pendle (PENDLE), and Layer3 (L3) in its listing roadmap. There are three possible scenarios regarding these listings: The exchange may announce listings within a few hours or days. The exchange might wait weeks before making a listing announcement. They could remove the selected altcoins from the roadmap, resulting in an unsuccessful listing journey. Recently, Coinbase has treated its listing decisions for altcoins as a formality. Although it attempts to limit sudden price movements by sharing the roadmap before the listing announcements, the roadmap disclosure itself often leads to increased volatility. ALT’s price experienced a nearly 20% increase. PENDLE rose by 12%, while L3 Coin saw a 35% increase.
Base Drops Three New Features to Boost On-Chain Apps
Base introduced Flashblocks, Base Appchains, and Smart Wallet Sub Accounts to enhance transaction speed, scalability, and user experience in on-chain applications. Flashblocks reduces confirmation times, Base Appchains offers customizable L3 networks, and Smart Wallet Sub Accounts simplify multi-account management for users. Base continues to make its mark in the blockchain space with a slew of advancements that accelerate and simplify the on-chain experience. Base now offers three important innovations : Flashblocks, Base Appchains, and Smart Wallet Sub Accounts, not content to merely be a fast-growing Layer-2 network. All three are meant to simplify user interactions, speed transactions, and enable more versatile applications. More intriguing still is that their goal is not only to produce technology but also an ecosystem capable of supporting around a billion crypto users in the future. We're making Base faster, simpler, and more powerful – Flashblocks make Base 10x faster – Appchains allow apps to scale – Smart Wallet Sub Accounts make coming onchain way simpler for everyone What are you going to build? https://t.co/OhGSrbLHyK pic.twitter.com/YlS7orqpjh — Base (@base) February 27, 2025 Flashblocks: Speeding Up Blockchain Transactions Like Never Before In the blockchain industry, speed rules everything. Nobody enjoys waiting about for their transactions to be verified. Flashblocks cuts confirmation times from two seconds to just 200 milliseconds, addressing the issue. Thus, transactions can be completed practically instantaneously. This feature is under testing on the Base Sepolia testnet right now and should go live on the mainnet in the second quarter of this year. Base could become the fastest Ethereum Virtual Machine (EVM) network accessible nowadays with this deployment. Base Appchains: Custom Scalability for On-Chain Growth On the other hand, as on-chain applications expand, the demand for scalability is rising. Base Appchains provides a Layer-3 network that may be customized to suit the requirements of certain applications, hence addressing this. Not every app calls for the same surroundings. While some concentrate more on cost efficiency, others need great processing capability. From bespoke gas tokens to customizable fee restrictions, developers may ascertain how their block space will be utilized with Base Appchains. To meet the growing demand, several sizable projects like Blocklords and Metacade have even planned to expand over Base Appchains. Smart Wallet Sub Accounts: Simplifying Blockchain for Everyone For many of new users, blockchain still seems overly technical. Managing assets between several programs can be tiresome and complex. Smart Wallet Sub Accounts lets users manage all of their accounts in one universal wallet to streamline this. Stop constantly verifying unclear transactions and switching between programs. More exact spending powers of this function also improve security. This function will shortly move to the mainnet in the second quarter of this year; it is now under testing on the Base testnet. $100 Billion Ambition: Base’s Plan for Mass Adoption Base has major goals in terms of adoption and growth in addition to stopping at technological innovation. Base revealed on January 17, 2025, its intention to increase its worldwide footprint and have on-chain assets worth $100 billion. Along with producing outstanding technology, they also seek to reach more people using an inclusive and easily available experience. Their work entails the development of technologies facilitating the creation of user-friendly applications by developers. Enhancing Adoption: Coinbase’s Strategic Move with Spindl To ensure its ecosystem continues to grow, Coinbase took a strategic step by acquiring Spindl, an on-chain advertising platform, on February 2, 2025. This acquisition aims to help developers on Base increase the visibility and adoption of their applications. With more and more applications emerging on Base, visibility is key for these projects to reach more users. Meanwhile, CNF previously reported that Coinbase has developed a Proof of Reserves (PoR) mechanism for its wrapped Bitcoin, cbBTC. This action seeks to guarantee that every cbBTC is totally backed by actual Bitcoin and promote openness. With reserves of 26, 525.15 BTC, Coinbase’s PoR statistics reflect the overall supply of cbBTC of 26,461.05. Users of this method can be more sure their investments are totally backed.
StarkWare launches $4 million VC fund to accelerate blockchain innovation in Africa
StarkWare has announced the launch of a $4 million venture capital fund to accelerate blockchain innovation in Africa. The fund will be led by Kheireddine Kamal and individual funding amounts can reach up to $150,000. It is primarily aimed at efficient infrastructure projects directly built on Starknet or on Starknet application chains/L3.
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