HTX Weekly (05/02-05/08):How the Data Availability Layer can shape the future of blockchain

1. Last Week’s Wrap-Up

Pioneer Zone New Launch

Listed Date Projects Maximum Gain Since Launch
2022/05/02 ONIT 39%
2022/05/03 CRPT 92%
2022/05/05 XCN 1131%
2022/05/05 BRWL 1320%

 

2. What to Watch Out for This Week

>Margin Trading<

Launch of GAL/USDT Swaps on HTX

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>Spot Trading<

HTX Will List LUNR (LunarCrush) on May 9, 2022

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Trade BOSON to Share 50,000 USDT Prize Pool!

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HTX Will List WNDR (Wonderman Nation) on May 9, 2022

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Trade SYS to Share 50,000 USDT Prize Pool!

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Trade VEMP to Share 50,000 USDT Prize Pool!

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>HTX Earn<

Enjoy Up to 400% APY on FITFI with HTX Earn

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Enjoy Up to 200% APY on BREED with HTX Earn

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Team Winners for 13th PrimeEarn High Yield Tuesday

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Enjoy Up to 400% APY on STRM with HTX Earn

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Enjoy Up to 400% APY on BOSON with HTX Earn

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Enjoy Up to 300% APY on NPT with HTX Earn

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PrimeEarn High-Yield Tuesday 14th: Team-up to win 40% APY for USDT

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3. Market Movers

Cryptocurrency Last Week’s Closing Price (USDT) Weekly Change
GALGALAXY 12.53070000 735%
PLY 0.01203200 141%
UGAS 0.00668936 122%
PLU 11.86010000 84%
SCREAM 13.41440000 63%
AAC 0.00109200 49%
EGS 0.04072800 45%
MU 0.06513500 45%
MUSK 0.00040604 39%
TOKE 11.20220000 34%

 

4. Operating Metrics

Security incidents 0
# of launched products 4
Contracts trading volumes 15.48($billion)
Spot trading volumes 13.2($billion)
On-chain user balances 7.92($billion)

Trading Volumes & On-chain Balances Chart

5.HTX Research Institute Analysis

As the blockchain ecosystem evolves, the cost to use Ethereum has remained high. The scaling solution, Rollup, requires uploading compressed transaction data to the Ethereum mainnet for data availability (DA), which incurs on-chain storage costs that remain above ideal levels. To meet demand for Rollup data availability and cost reduction, there have been attempts to build an independent DA network.

The DA network ensures that Rollup's transaction data is consistent with the data in its network, under the surveillance of the Ethereum veriifier and its own full nodes. It also confirms that this data is published in its network through light node sampling verification and uses data availability attestation to convince Ethereum that the DA network has stored and published the data.

 

While the DA layer will encounter competition from EIP-4488 and EIP-4844 in the short term, its adoption and ability to generate relatively stable cash flow appears feasible in the long term due to its strong scalability.

From a broader perspective, the data availability layer is the latest step in the modularization process of blockchain, which forms a structure of "consensus-execution-data availability" separated from each other. Due to the trilemma of blockchain, the best way to improve scalability, while ensuring a high degree of decentralization and security, is to reduce the tasks of the mainnet and access additional execution layers, followed by a separate DA layer.

This has the advantage of making the performance of the whole greater than the sum of the parts by dividing the work. Modularized blockchains may better meet expectations in terms of performance and cost over time, and in turn lead other public chains to embrace modularity.

 

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HTX reserves the right in its sole discretion to amend or change or cancel this announcement at any time and for any reasons without prior notice. The above is for information purposes only and HTX makes no recommendations or guarantees in respect of any digital asset, product, or promotion on HTX. Prices of digital assets are highly volatile and trading digital assets involves risk. Please read our Risk Reminder text here.