: : The Expansion of Bitcoin Ecosystem is Inevitable Bitcoin is undeniably entering a new phase of development. Following a comprehensive review of the Bitcoin ecosystem during the recent Bitcoin Conference in June, it's become clear that Bitcoin's technological infrastructure is experiencing rapid, transformative growth. The fastest-growing segments of Bitcoin's ecosystem include: - Restaking and liquid staking centered around @babylonlabs_io, @Lombard_Finance and @SolvProtocol - Advanced L2 solutions implementing enhanced BitVM and incorporating @SuccinctLabs SP1 and @RiscZero zkVM for trust-minimized bridges - Major L1 chain's pushing BTC Initiatives, onboarding BTCFi projects Since there were notable updates recently, I would like to introduce them here. 1. @babylonlabs_io - Proposed reducing Bitcoin staking withdrawal times from approximately 7 days to around 50 hours. This T+2 settlement standard aligns with traditional finance requirements, making Babylon staking significantly more attractive to institutional participants. - Collabed with @krakenfx to launch Bitcoin staking services - $BABY got listed on Korean major exchange, Upbit 2. @SuiNetwork pushing BTCFi initiatives - Sui has emerged as the most aggressive promoter of BTCFi initiatives, approaching Bitcoin integration with serious technical sophistication. - Cofounder @EmanAbio has published detailed analyses of Sui's BTCFi strategy; directly supporting BTC bridging in chain-level infrastructure, such as @ikadotxyz's 2PC-MPC bridge and Sui's native BTC bridge. - Been actively onboarding BTCFi projects, like Lombard and Native, with - BTC-related assets now comprising over 10% of Sui's total capital. 3. @aave discussing BTC L2 Integration - @build_on_bob submitted a proposal to Aave governance, suggesting the addition of SolvBTC / openUSDT. 4. BitVM - BitVM3 whitepaper released - Proposes dramatically reduced proof size and costs 5. @citrea_xyz - Announced roadmap to launch Bitcoin's first zk-rollup through BitVM + @boundless_xyz Bitcoin's ecosystem is developing at an unprecedented pace, coinciding with favorable price momentum that creates optimal conditions for ecosystem projects. This convergence of technical innovation, institutional adoption infrastructure, and market conditions suggests we're witnessing a pivotal moment in Bitcoin's evolution from digital gold to comprehensive financial infrastructure. The key is capitalizing on this momentum while the conditions remain favorable :) Hope Bitcoin ecosystem leverage this momentum wisely and capture the market in a near future!

Wow @EclipseFND did no airdrop to real onchain users and threw luxury meetup in Korea to promise token airdrop to attendees. what a comedy (image h/t @DefiIgnas @Edward__Park)

Validator Management Must Be Part of Layer 1 Tokenomics While mature networks like @ethereum or @solana may warrant a different discussion, the reality is starkly different for newly launched Layer 1 chains. In their early stages, these networks often engage in a quasi-transactional process of distributing massive delegations to validators as a form of “compensation,” laying down the starting line for network participation. Though I haven’t analyzed every new chain’s validator set in detail, the overall trend is clear. Becoming a top 10 validator often guarantees annual token rewards exceeding $100,000. For chains with even moderate recognition, the figure climbs to $300,000–$500,000, and cases exceeding $1 million per year are not uncommon. But the issue isn’t simply that validators earn a lot. My position has always been: “As long as validators contribute value equal to—or greater than—what they receive, the system is functioning appropriately.” The real problem is that we lack the means to verify those contributions. If token inflation burdens holders while the validator’s tangible impact remains opaque, isn’t that a design flaw? Quantitative metrics like token rewards are transparently recorded on-chain. But the actual contributions of validators—community support, SDK improvements, participation in governance, or organizing local events—aren’t easily captured through on-chain data. As a result, most networks offer near-zero visibility into a critical question: “How much positive impact is this validator actually having on the ecosystem?” I believe foundations and core teams must establish minimum contribution standards. The era of assessing validators solely by uptime and performance is over. Technical reliability is just the baseline. Networks should holistically evaluate validators based on community building, developer ecosystem growth, and their role in governance discourse. In essence, each validator should have a public “KPI dashboard.” Transparency isn’t optional—it’s a mandate. Foundations must publish standardized, periodic (e.g., quarterly or biannual) validator contribution reports. Ideally, these reports should allow side-by-side comparison of on-chain data (e.g., rewards, uptime) and off-chain contributions (e.g., number of dev PRs, hosted events, community engagement). This level of disclosure would empower token holders and the community to answer a crucial question themselves: “Why is this validator receiving so much?” Furthermore, it may be time to consider dynamic reward adjustments. Validators falling below a defined contribution threshold could face reduced—or even revoked—rewards. Conversely, outstanding contributors should be incentivized with additional rewards. Just as healthy businesses measure ROI, a healthy protocol should assess its “inflation ROI.” Token holders and the community deserve to know: What services are validators providing to justify hundreds of thousands in annual rewards? If this information asymmetry persists, it will ultimately erode trust in the token—and suppress its value. If the crypto ecosystem wants to champion decentralization and transparency, it must start by scrutinizing the activities of its largest inflation beneficiaries. At the end of the day, inflation is a cost paid by the network. If we can’t clearly account for who is receiving it, why, and how much—then tokenomics devolves into empty arithmetic. Especially when validators sit at the top of the cost structure, measuring and disclosing their utility isn’t just good practice—it’s an existential strategy. And every time I hear that a validator on a certain chain is earning over a million dollars a year, I find myself asking, in all honesty: “What kind of service or value are they delivering to command such compensation?” That curiosity, I believe, is where the journey toward a more transparent and resilient ecosystem begins.

Welcome home, @triplescosmos My @AbstractChain wallet is now full of TripleS

We, @FourPillarsFP, are not only studying @AbstractChain, but actually enjoying it. Every Wednesday around 1 AM, we count down for weekly XP reveal. We are thoroughly exploring the Abstract ecosystem from a user's perspective, and through this process, we feel firsthand why Abstract is bound to succeed. While I have been participating in the Abstract ecosystem since Day 1, the other researchers joined relatively late. Nevertheless, the immersive experience that Abstract provides is drawing them in very deeply. In fact, @Steve_4P is positioned at the top of the leaderboards for major games like @gacha_game_, @DeathFunGame, and @moonsheepverse. It's rare to see a researcher who has observed countless ecosystems over many years get absorbed into an ecosystem this quickly. As a researcher, Abstract is an extremely interesting project. When first approaching it, you might think it's just similar projects gathered together. However, before you know it, it compels you to explore various projects and seek out information. Since this highly immersive experience cannot be felt without putting yourself in the user's position, we will more actively engage with the Abstract ecosystem and promote it to the public. Please look forward to upcoming articles about Abstract!

Do not fade @AbstractChain

Modhaus's onboarding to @AbstractChain can truly be called Abstract's Domain Expansion. While many people may not be familiar with Kpop, @officialmodhaus's idol group TripleS is not simply a project group from a small agency, but one of Korea's major idols that has clearly demonstrated commercial success. Upon their debut, they won the Rookie Award at MAMA, Asia's largest music awards ceremony, and the albums released in 2024 and 2025 reached #1 on Korean music charts. Most Koreans now know TripleS. What makes them special is that they have grown from birth with a fan platform based on a Web3 environment. Modhaus had been operating a fan platform called "Cosmo" on Polygon (now on Abstract), which allows fans to directly determine sub-unit formations and content through NFT photocards called 'Objekts.' Objekts are sold at a fixed price of approximately $3.29 and are designed with a non-resellable structure to prevent speculation while maximizing fan participation. The number of holders of Objekts allocated to TripleS so far is 217k, with a total quantity of 5.7M. When multiplied by the price of Objekts, this represents tremendous results. Abstract has built a highly loyal user group through its activities so far, but through this collaboration, it will additionally onboard idol fan clubs with tremendous loyalty. The transactions they will create on Abstract and collaborations with newly bootstrapped Abstract projects will exceed what we can anticipate. What other project is achieving results like this? Do not fade Abstract.

I believe that the greatest talent as a researcher is "the confidence to put your opinions out to the public." And this is not something that can be easily acquired. Sometimes you have to engage in disputes with complete strangers, and sometimes you experience the embarrassment of publishing articles with errors. That's why most people either fail to publish their opinion pieces, only show them to friends, or try a few times but give up when they don't receive the expected attention. However, @jeg6322's case is truly exceptional, as he's a researcher who achieved zero-to-hero growth. Who had fewer than 1k followers before @KaitoAI, is now Top 15 Korean yapper with 14k followes and one of the very few Korean individual researchers. Could this have been achieved through luck alone? I absolutely don't think so. He provided information faster than anyone else about emerging or small-scale projects that current Korean researchers weren't properly covering, which created perfect synergy with Kaito. When @ethos_network emerged, he penetrated insider groups faster than anyone and achieved a top-tier reputation score, which became the foundation for even faster growth. In my opinion, EWL's greatest ability is not just research, but his insight into understanding and penetrating how infofi works. I'm really excited to see how he'll grow in the next year.

Just Signed The @boundless_xyz Manifesto. Committing to an abundant future.