Decentralized Finance Industry Biweekly Review

Important Trends in the Decentralized Finance Industry

Uniswap launches the Layer 2 network Unichain based on Optimism technology.

Uniswap Labs has launched a new Layer 2 network called Unichain, built on the Optimism OP Stack technology. Unichain is expected to launch its testnet on October 10 and the mainnet later this year.

Unichain has introduced a trusted execution environment technology ( TEE ) developed in collaboration with Flashbots. With TEE, the block construction time can be reduced to 200-250 milliseconds, significantly surpassing the speed of the Ethereum mainnet and other Layer 2 networks.

Native USDC officially launched on the Sui network.

The native USDC has now been launched on the Sui mainnet, allowing developers and users to access it directly without the need for cross-chain bridging. Circle Mint and Circle API fully support USDC on Sui, making it convenient for users to obtain USDC liquidity and enjoy the high speed and security of the Sui network.

Sui is the first blockchain based on the Move programming language that supports native USDC. Currently, the Sui ecosystem encompasses over 85 applications, covering areas such as Decentralized Finance, gaming, decentralized infrastructure networks, and e-commerce.

Pyth has partnered with Uniswap to support Unichain Decentralized Finance.

Uniswap announced that its newly developed blockchain Unichain will select Pyth Network as its real-time data service provider. Pyth Network will provide Unichain with over 500 real-time price data sources, updating every 400 milliseconds to ensure that developers can access accurate and reliable Decentralized Finance data.

This collaboration will enable Unichain developers to access fast and reliable market data, aiding in the construction of the next generation of on-chain financial applications. Unichain is expected to become the preferred blockchain platform for DeFi developers.

Messari: Aptos set a new record for daily transaction volume among L1 blockchains in the second quarter of this year.

According to the second quarter status report released by Messari, Aptos, as an L1 blockchain, has set multiple new records:

• Daily trading volume increased by 474%, reaching 4.4 million transactions.
• The total value locked in DeFi ( TVL ) increased by 123% quarter-on-quarter, reaching 75 million APT (, approximately 603 million USD ).
• DEX daily trading volume increased by 189%, reaching $30 million.

These data indicate that the Aptos ecosystem is rapidly developing, especially with significant growth in Decentralized Finance and decentralized trading.

Binance Labs invests in ZKsync "Elastic Chain" Sophon

Binance Labs has invested in the elastic chain Sophon based on ZKsync. Sophon is a Layer 2 network built using the Matter Labs modular open-source framework, focusing on entertainment applications such as gaming, social, and artificial intelligence.

Sophon utilizes ZK Stack technology to achieve gas-free native account abstraction, and the zkEVM codebase based on zkSync has performed excellently in multiple tests. As a project incubated by Merit Circle, the Sophon mainnet is expected to launch next month.

This investment will accelerate ecological development and support innovative projects. The investment director of Binance Labs stated that Sophon has great potential in the fields of entertainment and artificial intelligence.

Decentralized Finance Data Overview

TVL data: Sui strongly enters the top ten

The Sui blockchain has stood out in the recent TVL( total locked value ranking, successfully entering the top ten, demonstrating its strong growth momentum in the Decentralized Finance field.

) Stablecoin Market: Total Market Cap $172.8 Billion, USDT Dominates

The total market capitalization of the global stablecoin market reached $172.818 billion, with a slight decrease of 0.19% over the past week. USDT dominates the market with a share of 69.26%. USDC follows with a share of 20.1%. Other stablecoins like DAI, USDe, and FDUSD have a smaller market share but are steadily developing.

![Uniswap launches Optimism-based L2 network Unichain｜Snap DeFi Biweekly Report October ###](https://img-cdn.gateio.im/webp-social/moments-10d990d1edf4eadb085df95640efee75.webp(

) DEX data: Uniswap leads, Cetus grows strongly

Uniswap and PancakeSwap continue to maintain their leading positions. Uniswap's 24-hour trading volume is $1.542 billion, with $9.799 billion over the past 7 days, but it has seen a slight decline of 1.81% this week. PancakeSwap's 24-hour trading volume is $1.044 billion, with a drop of 23.92% this week.

In contrast, Cetus has shown strong growth momentum, rising 64.20% this week, with a 24-hour trading volume of $161 million, demonstrating that the emerging platform stands out in the fiercely competitive DEX market.

Decentralized Finance Trend Analysis

The launch of Unichain by Uniswap is an important event in the DeFi market, showcasing Uniswap's ambition to expand its ecosystem and also sparking discussions on liquidity redistribution.

Unichain, as a superchain architecture, is expected to integrate the liquidity of Coinbase's Base, Synthetix's SNXchain, and the Optimism chain itself, forming a powerful ecosystem. Its total locked value could reach the level of tens of billions of dollars, providing opportunities for DeFi strategy teams and market makers.

Due to low execution costs and fast speeds, more applications and teams may choose to deploy on Unichain. The UNI token, which has long been criticized as "useless," may significantly increase in status as it becomes a key element for validation nodes.

The future UNI Liquid Staking/Restaking market will bring numerous opportunities. We are optimistic about those DeFi protocols that seize the Unichain opportunity first, as they are expected to make a comeback.

![Uniswap launched the L2 network Unichain based on Optimism｜Snap DeFi Biweekly Report October ### on](https://img-cdn.gateio.im/webp-social/moments-0452c3188b4d2a9b2055838e2abc26d5.webp(