#GizmoLab Report: Cutting-Edge Developments in Web3

A Quick TL;DR:

- 98.9% of New DEX Pairs on Base Launch on Uniswapent 

- Tanzania Blocks X Amid Crackdown 

- Oasys Partners with Japan's SBI Holdings 

- Odos Closes Series A Funding Round

- Polyhedra's zkBridge Becomes Default Verifier on Merlin Layer 2

- Solana On-Chain Volume Reaches Record Low  

Nearly All New Decentralized Exchange Pairs on Base Platform Launch Using Uniswap Protocol

An overwhelming 98.9% of all new decentralized exchange (DEX) trading pairs on the Base blockchain are launching on the Uniswap protocol. This dominance highlights Uniswap's strong presence and influence within the decentralized finance (DeFi) ecosystem, particularly on emerging blockchain platforms like Base. The Uniswap protocol, known for its user-friendly interface and robust liquidity, continues to be a preferred choice for developers and traders looking to create new trading pairs.

Base, a layer 2 solution aiming to enhance scalability and reduce transaction costs, has become a popular platform for launching new projects. The integration of Uniswap on Base allows for seamless trading experiences, attracting both seasoned DeFi participants and newcomers. This trend also underscores Uniswap's competitive edge in the DeFi space, maintaining its position as a leading protocol for decentralized trading. As Base continues to grow, the reliance on Uniswap may shape the platform's development and its role in the broader blockchain ecosystem.

Tanzania Restricts Access to X Amid Crackdown on Opposition Activities

Tanzania has reportedly blocked access to the social media platform X (formerly Twitter), following a crackdown on opposition activities. The outage, confirmed by Netblocks, coincides with police alerts about alleged plans by the opposition party Chadema to raid police stations. Prominent opposition politician Tundu Lissu and four other officials from Chadema were arrested. The police accused Chadema members of using Zoom to organize protests and plan these alleged raids.

In response, many Tanzanians have turned to VPNs to access X and voice their frustrations. This incident highlights the increasing tension between the Tanzanian government and opposition groups, as well as the ongoing efforts to control digital communication and dissent. The government previously considered introducing a mandatory license for VPN use, underscoring its intent to regulate internet access more tightly.

Gaming Blockchain Oasys Announces Strategic Partnership with Japanese Conglomerate SBI Holdings

Oasys, a Web3 gaming-focused blockchain project, has announced a strategic partnership with SBI Holdings, one of Japan's largest financial conglomerates. This partnership aims to bolster the liquidity of Oasys' token and expand its ecosystem, with SBI providing an undisclosed amount of funding. Yoshitaka Kitao, President and CEO of SBI Holdings, emphasized the company's commitment to broadening blockchain technology's applications through this collaboration.

Ryo Matsubara, Oasys' Representative Director, highlighted that SBI's support would be crucial for achieving the necessary liquidity ahead of launching various partners’ games. This partnership builds on the existing relationship between Oasys and SBI Holdings, which previously collaborated to promote the gaming sector in Japan via the SBINFT Market, an NFT platform managed by a subsidiary of the SBI Group. This new collaboration further strengthens their shared vision for advancing blockchain technology in the gaming industry.

Decentralized Exchange Aggregator Odos Secures Series A Funding from CE Innovation Capital and Industry Leaders

Odos, a decentralized exchange (DEX) aggregator, has successfully closed a Series A funding round with participation from notable investors, including CE Innovation Capital (CEIC), Uniswap, Curved Ventures, Orbs Network, Mantle, and PakaFund. While the exact amount raised was not disclosed, this funding round marks a significant milestone for Odos in enhancing its platform. Odos utilizes advanced smart order routing to optimize cryptocurrency trading, finding the most efficient swap paths across various blockchain protocols and liquidity sources.

This approach ensures users obtain the best trading rates with minimal gas costs. Additionally, Odos supports atomic multi-token swaps, allowing users to trade multiple assets in a single transaction, which further enhances the platform's efficiency and appeal. With the backing of these prominent investors, Odos is well-positioned to expand its offerings and continue to innovate in the decentralized finance space

Polyhedra's zkBridge Now Default Decentralized Verifier Network for Applications Integrating with Merlin Layer 2 via LayerZero

Polyhedra's zkBridge has been announced as the default Decentralized Verifier Network (DVN) for all applications integrating with Merlin Layer 2 through LayerZero. As a leading Bitcoin Layer 2 solution, Merlin Chain supports over 100 applications, and this integration will enhance interoperability within its ecosystem. zkBridge, known for its zero-knowledge (ZK) security features, will ensure that transactions and data transfers between Merlin and other networks are executed securely and efficiently.

This partnership marks a significant step forward in advancing ZK secured interoperability for decentralized applications (dApps) on Merlin Layer 2. By adopting zkBridge as the default DVN, Merlin Chain is strengthening its position in the market and offering developers a robust solution for creating seamless cross-chain interactions. This move is expected to attract more projects and users to Merlin, enhancing its ecosystem's overall utility and security.

Solana's On-Chain Volume Hits All-Time Low, Suggesting Possible End of Meme Coin Season or a Potential Accumulation Opportunity

Solana's on-chain volume recently hit an all-time low, signaling a potential end to the meme coin frenzy that has gripped the market. In the past week, Solana's ($SOL) price has dropped by nearly 20%, reflecting waning investor interest in speculative assets. This decline in on-chain activity may indicate that the meme coin season is either concluding or pausing, with market sentiment currently balanced between bearish and bullish outlooks. W

hile some view this as a signal that the hype around meme coins is over, others believe it might present a strategic accumulation opportunity ahead of a possible market rebound. With market conditions still uncertain, it remains to be seen whether this dip in activity marks the end of a trend or the beginning of a new phase for Solana and its ecosystem. For now, it's a 50-50 scenario, and traders are closely watching to determine the market's next move.

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