Community Town Hall

The Line ecosystem is expected to become a new driving force for the development of Web3. Introduction As a widely popular communication software in Asia, Line announced this year a mainnet merger with the Korean public chain Klaytn. This strategic move indicates that Line will actively expand its footprint in the Web3 space. Looking back at the rise of the Telegram ecosystem, it successfully attracted a large number of Web3 projects and users through its strong user base and mini-program platform, becoming a bridge for the transition from Web2 to Web3. Now, Line also possesses similar development conditions, and is expected to foster new Web3 phenomenon-level projects in the Asian market, injecting new vitality into the field. The merger between Line and Klaytn will bring about technological innovations and changes in governance structure, issuing a new unified token and building an integrated network across Ethereum and Cosmos. This collaboration not only accelerates the development of Web3 technology.

Kaia: The largest Web3 network in Asia is about to take off. Kaia is a unified mainnet formed by the merger of two leading blockchain platforms in Asia, Klaytn and Finschia, officially launched on August 29, 2024. As a project backed by the two social media giants Kakao and LINE, Kaia has a potential user base of over 250 million and is expected to greatly enhance the popularity and acceptance of blockchain technology in the East Asian market. Sam Seo, the chairman of the Kaia Foundation, holds a Ph.D. in high-performance computing and previously served as CKO at KrustUniverse, leading the development and operations of Klaytn. Other investors in Kaia include Hashed and IDG Capital. 1. Overview of Kaia's Background 1.1 Kakao and Klaytn Kakao

Weekly Market Highlights Review [6.9 - 6.13]: After a general rise in the crypto market, it encountered a black swan, with the narrative around stablecoins and Sol ETF heating up. This week, the crypto market experienced ups and downs. At the beginning of the week, Bitcoin and Ethereum led the market to a general rise, especially DeFi tokens surged rapidly under favorable regulatory news. However, on Friday, the escalation of the situation in the Middle East triggered a black swan event, causing most altcoins to drop by about 10%. In addition, SharpLink Gaming's financing plan was misunderstood as a large-scale sell-off, leading to panic selling, which in turn affected the price of Ethereum. This week's highlights include the ongoing heated discussions about stablecoins, updates on the Aster project, and new developments in regulatory policies. The U.S. Senate has passed a procedural vote on the "GENIUS stablecoin bill," which could complete the legislative process as early as next Monday. If ultimately approved, this will become the first legislation in the U.S. targeting encryption assets.

Crypto Market Weekly Report Market Overview Main market trends Market Sentiment and Trends: The market sentiment index has risen to 91%, entering the extreme greed zone. After briefly breaking through $100,000 on Thursday, BTC has pulled back, but overall market resilience remains strong. ETH's strong performance has driven the crypto market up, showing continued optimism towards mainstream coins. Capital flow analysis: The market value of stablecoins is steadily increasing, with USDT rising by 1.74% to $141 billion and USDC increasing by 2.03% to $40.2 billion, indicating a continuous inflow of new funds. Large on-chain transfers are frequent, and institutional capital is clearly entering the market. The off-market premium remains within a reasonable range, reflecting a healthy supply and demand for funds in the market. DeFi Sector Performance: The total locked value ( TVL ) increased from 46.8 billion dollars to 53.2 billion dollars, a growth of 13.67%. Liquidity staking projects performed the best, benefiting from the increase in underlying asset prices and staking.

Abstract Chain Panorama Analysis: How to Build a Public Chain Ecosystem for End Users? Summary Abstract Chain will be launched in January 2025 as a user-centric blockchain aimed at promoting the large-scale adoption of cryptographic technology and building an accessible and engaging platform. Abstract Chain offers a smooth user experience brought by native account abstraction, leveraging the established fan base of Pudgy Penguins and $PENGU to provide differentiated value through its unique user structure. The growth strategy of Abstract revolves around building a digital entertainment theme park: owning its own portal platform, integrating live streaming and reward systems, and attracting application developers to join the ecosystem. The live streaming platform has attracted over 10,000 broadcasters, with an average daily user participation duration of over 7 minutes,