Ethereum Adoption is About dApp Network Effect, Not Users 6407

Martin Köppelmann, the creator of decentralized marketplace Gnosis, has said that the adoption of Ethereum should be measured by the network effect of decentralized applications (dApps), not the number of users on the blockchain network. As a decentralized computing platform, the Ethereum blockchain network enables dApps and users to process data in a peer-to-peer and distributed manner. Users on Ethereum are not required to trust any intermediary on the network to initiate transactions or carry out operations with dApps.

Köppelmann, who created a major decentralized marketplace that has been competing against Augur, said that the adoption of Ethereum should be measured by the network effect of dApps and the ability of dApps to use the smart contracts of other applications on Ethereum to process information.

“The best metric of success for Ethereum is not how many DAPPs are deployed or how many transactions those DAPPs have. It is about how many DAPPs are created and used that use smart contracts from other dApps,” he explained.

As an example, decentralized exchange protocol 0x is a base layer which supports decentralized exchanges and relayers launched on the blockchain. The Ethereum-based 0x protocol is leveraged by a wide range of digital asset trading platforms such as Radar Relay, Paradex, Melonport, Maker, imToken, Aragon, and Augur, all of which use the 0x protocol to allow users to trade digital assets in a decentralized manner.

Coinbase co-founder and former Goldman Sachs trader Fred Ehrsam stated that protocols that enable dApps to share smart contracts and leverage the functionalities of other platforms on Ethereum allow for the creation of an ecosystem wherein users can benefit from the compatibility of dApps across a wide network.

For instance, because 0x protocol enables decentralized exchanges to operate on its base layer, potentially, exchanges can share a pool of liquidity that allows users across various decentralized exchanges to trade digital assets in a shared environment.

Köppelmann said:

“Few examples from Gnosis context: DutchX uses the MakerDAO price oracle; the 0x token registry and will be itself controlled by a Daostack DAO. Melonport uses Oasisdex… but many more are coming.”

If base layers like 0x and dApps such as OasisDEX and MakerDAO that offer specific functionalities that are beneficial to dApps in other categories continue to see an improvement on their network effect, a decentralized network of dApps will form, allowing many applications and platforms on Ethereum to benefit from each other’s unique and innovative solutions.

In essence, Köppelmann stated that the increase in the network effect and interconnectedness of dApps will be the main contributor to the mainstream adoption and long-term growth of Ethereum.

How About Users?

The number of users of dApps is an important metric but is a number that will naturally increase as the network effect of dApps, scalability of Ethereum, and user interface of dApps continue to demonstrate exponential growth and improvement.

If utilizing dApps to create bets on platforms like Gnosis and Augur, and using computing power of decentralized cloud networks like Storj become as easy as using centralized alternatives, then the active number of users on Ethereum will inevitably increase.

Previous ArticleNext Article

Chainlink CCIP, Data Streams, and Data Feeds Are Now Live on Soneium Mainnet 886

Developers on Soneium can now build feature-rich applications and drive onchain innovation

Chainlink, the standard for onchain finance, and Sony Block Solutions Labs—an initiative behind the next-generation Ethereum Layer-2 blockchain Soneium—announced today that Chainlink CCIP, Chainlink Data Streams and Data Feeds are now live on Soneium Mainnet, empowering Soneium’s developer ecosystem to build feature-rich applications and drive onchain innovation. Chainlink’s Cross-Chain Interoperability Protocol (CCIP) has now been integrated as Soneium’s canonical cross-chain infrastructure.

Sony Block Solution Labs unveiled Soneium in August 2024 to bring Web3 technologies to Sony Group’s extensive user base. Soneium was built to realize the open internet that transcends boundaries by connecting those with cultural differences and onboarding people onchain.

“Chainlink CCIP, Data Streams and Data Feeds are essential for those in Soneium’s developer ecosystem to realize novel onchain use cases for users. It also plays an important role in realizing the vision of an open internet. Developers now have access to critical Chainlink infrastructure that will allow them to expand what’s possible to build on Soneium.” – Jun Watanabe, Chairman of Sony BSL.

“Soneium has continued to show real momentum with its mainnet launch, while playing an important role in the industry in terms of increased scalability, exposure, and access to new audiences both within Japan and in the broader market. Chainlink CCIP, Data Streams and Data Feeds now give developers on Soneium the ability to build onchain apps much more seamlessly and securely than before, helping to increase adoption of the layer-2 solution built by Sony Block Solution Labs.” – Johann Eid, Chief Business Officer, Chainlink Labs

In September 2024, Chainlink and Sony Block Solutions Labs announced that Soneium had joined the Chainlink Scale program, an initiative centered around sustainably accelerating the growth of blockchain and layer-2 ecosystems.

About Chainlink

Chainlink is the standard for onchain finance, verifiable data, and cross-chain interoperability. Chainlink is unifying liquidity across global markets and has enabled over $19 trillion in transaction value across the blockchain economy. Major financial market infrastructures and institutions, such as Swift, Fidelity International, and ANZ Bank, as well as top DeFi protocols including Aave, GMX, and Lido, use Chainlink to power next-generation applications for banking, asset management, and other major sectors. Learn more by visiting chain.link.

About Soneium

Soneium, an Ethereum layer-2 developed by Sony Block Solutions Labs. This versatile chain is a general-purpose blockchain platform that aims to evoke emotion, empower creativity, and meet diverse needs. Soneium will be simplifying blockchain experiences while empowering developers, creators, and communities. Built on accessibility, scalability, and efficiency, it aims to improve quality of life across industries globally. Soneium challenges to change the way people interact with the internet, opening innovative applications and vast potential for users worldwide.

About Sony Block Solutions Labs

A Sony Group Company established to build a new network infrastructure using blockchain technology, The company announced the planning and development of blockchain in September 2023, and in August 2024, the company name was changed from Sony Network Communications Labs Pte. Ltd.

Hilbert Group unveils A360: Revolutionizing real-world asset tokenization on-chain, powered by Galactica IVM 1290

The Hilbert Group, a Nasdaq First North-listed company with over $500M+ assets under management (AUM), has announced the launch of A360, a protocol designed for fully compliant, on-chain spot trading of real-world equities and pre-IPO shares, powered by the Galactica.com tech stack.

A360: The Future of Tokenization

A360 is the first protocol designed for compliant, on-chain trading of pre-IPO shares (e.g., OpenAI, SpaceX) and traditional equities. By tokenizing real-world assets, A360 enables fractional ownership and liquidity for previously exclusive investment opportunities. The platform’s mission aligns with Hilbert’s ethos of breaking down barriers to wealth creation.

Whether for institutional or retail investors, the platform brings real-world assets onto the blockchain, transforming how financial markets operate. This unprecedented access to tangible assets is guaranteed to redefine global finance, particularly in emerging markets where access to equities is often limited.

Galactica: The Privacy-First Compliance Engine

A360 is powered by Galactica’s Identity Virtual Machine (IVM), a cutting-edge Web3 identity and compliance framework that ensures end-to-end legal adherence without compromising security or privacy.

A360 will be fully compliant by leveraging Galactica’s zkKYC, which guarantees privacy while offering fully regulated transactions.

Moreover, with the support of CT.com as incubation partner, A360 gets direct access to an extensive network of partners and industry leaders to bootstrap the launch of their new protocol.

A Vision for Financial Inclusion

Hilbert Group’s A360 project represents a bold leap forward in bridging real-world assets to decentralized finance. By leveraging blockchain, the platform promotes global equality in access to investment opportunities, enabling anyone—from seasoned investors to retail participants—to trade equities and pre-IPO shares previously restricted to financial elites.

With A360’s upcoming private sale, IDO, and IEO, Hilbert Group is reaffirming its position as a trailblazer in the digital and real-world asset markets while transforming financial systems for the betterment of all participants.

Socials:

Coin360 website: https://beta.coin360.com/
Coin360 X account: https://x.com/COIN360com/
Coin360 Telegram: https://t.me/COIN360com
Discord: https://discord.gg/56qxT3Yt
A360 website: https://a360.finance/
A360 X account: https://x.com/a360finance
A360 Telegram: https://t.me/a360finance
Discord: https://discord.gg/56qxT3Yt
Hilbert Group Website: https://hilbert.group/en/

About Hilbert Group

Founded in 2018 by Dr. Niclas Sandström and Dr. Magnus Holm, the Hilbert Group specializes in algorithmic trading within digital asset markets, utilizing strategies built around market volatility and decorrelation. The firm’s listing on Nasdaq First North ensures rigorous regulatory oversight while providing access to capital for continued innovation.

Notable for owning COIN360, a popular cryptocurrency market analytics platform, Hilbert recently enhanced COIN360’s features to strengthen its utility for millions of users seeking digital asset market intelligence. The group also expanded its reach through a strategic partnership with Xapo Bank, forming a $200M Bitcoin hedge fund.

With a focus on integrating emerging technologies, Hilbert’s mission is clear: to deliver innovative investment solutions while adhering to transparency, compliance, and security.

Penguinswap DEX officially launches on Creditcoin Network 1539

Penguinswap, a decentralized exchange (DEX) natively built on the Creditcoin Layer 1 blockchain, is officially live on Mainnet. The launch is a significant step forward for the Creditcoin ecosystem, providing users with the required platform to participate in the decentralized finance (DeFi) economy.

Designed with accessibility and security in mind, Penguinswap allows users to swap tokens, provide liquidity, and earn rewards while retaining self-custody of their assets.

Opening access to Creditcoin’s DeFi ecosystem

A key aspect of the Creditcoin ecosystem is its focus on Real-World Assets (RWAs) and Decentralized Physical Infrastructure Networks (DePIN). By specializing in these sectors, Penguinswap, as a native DEX in the Creditcoin ecosystem, will provide users with access to innovative new projects built on the Creditcoin network.

Penguinswap’s features include:

1. Seamless token swaps

Penguinswap allows users to swap Creditcoin’s ecosystem tokens efficiently through its intuitive and user-friendly interface.

2. Zero operational fees

Unlike other platforms, Penguinswap charges no operational fees. Users only need to cover network and pool fees, making trading cost-effective and accessible.

3. Earn rewards via liquidity provision

Users can support the DEX’s sustainability by providing liquidity to designated pools and earning yield in return.

4. Token and pool creation

Builders looking to list their tokens can create custom tokens and liquidity pools on Penguinswap, fostering innovation and collaboration within the Creditcoin community.

Paving the way for future growth

Penguinswap is just getting started. As the Creditcoin ecosystem evolves, it will expand the DEX’s offerings by integrating additional tokens and projects. The upcoming addition of Spacecoin, a Decentralized Physical Infrastructure Networks (DePIN) project building a novel decentralized internet, demonstrates Creditcoin’s commitment to supporting innovative projects and expanding trading opportunities for its users.

Start trading today

Penguinswap is your gateway to seamless decentralized trading within the vibrant Creditcoin ecosystem – connect to Penguinswap today!

About Creditcoin

Creditcoin is a Layer 1 blockchain that enables builders to create applications connecting digital assets with real-world services, like RWAs and DePIN. Its Universal Smart Contract technology allows seamless interaction across chains without bridges, which is ideal for complex multi-chain applications. Additionally, Creditcoin supports the creation of verifiable on-chain credit histories, linking traditional finance with decentralized systems.

BlackDuckRWA Takes Flight with Token Launch – Bridging Traditional Finance and Web3 1760

BlackDuckRWA proudly announces the successful launch of its BD crypto token, a groundbreaking digital asset designed to seamlessly integrate traditional finance with the rapidly evolving Web3 ecosystem. Established in 2019, the company’s pioneering model empowers investors to qualify for rewards generated from trading within the $7.5 trillion foreign exchange (Forex) market, offering unparalleled access to structured financial products on-chain.

Following a fair launch on the Solana network on January 24, BD exceeded expectations, attracting 2,000 wallet holders in just five minutes and reaching a £3 million market cap within days. With a robust six-month roadmap and a strong emphasis on regulatory compliance, BlackDuckRWA is now preparing for major exchange listings in the coming months to expand its global reach.

Revolutionizing DeFi with Forex Rebates and Staking Rewards

BlackDuckRWA is transforming decentralized finance by introducing on-chain Forex structured products, providing investors with diverse risk-adjusted opportunities. Backed by an executive team with experience at Goldman Sachs and JP Morgan, the company reported an average return of 36% per month in altcoin trading in 2024, reinforcing its track record in high-performance investment strategies.

With the launch of BD, BlackDuckRWA’s innovative model extends benefits to token holders through Forex rebates, which are earned from high-frequency trading activity. Investors can lock their BD tokens into the staking platform to qualify for reward distributions based on their holdings and staking duration. This initiative is scheduled to go live in month three of the six-month roadmap.

By linking the BD token’s value to Forex trading volume and rebates, BlackDuckRWA ensures a sustainable incentive for ownership and participation. Additionally, the platform will foster an engaged community, empowering members to propose new features and participate in exclusive NFT drops that reward early adopters and active contributors.

Official Statement from BlackDuckRWA:

“BlackDuckRWA is dedicated to bridging traditional finance and Web3 by offering investors innovative, yield-generating opportunities in a fully compliant and scalable ecosystem. Our mission is to create a more inclusive and accessible financial system, ensuring broader participation in the evolving digital economy.

“With the increasing adoption of blockchain technology, the demand for cutting-edge financial solutions is at an all-time high. Our BD token staking platform and Forex rebate model will provide tangible value to holders, and we look forward to expanding our ecosystem through upcoming exchange listings and community-driven developments.”

For more information, visit www.blackduckrwa.com or join the discussion on X at @blackduckrwa.

Plume Network Strengthens Multi-Chain RWA Ecosystem with SkyLink Interoperability 2679

Plume Network, a full-stack Layer 1 blockchain focused on Real World Assets (RWAs), announced plans to expand its cross-chain ecosystem with the deployment of SkyLink across 16 blockchain networks. This announcement coincides with the continued growth of the RWA sector, which has seen on-chain value nearly double over the past year to approximately $17 billion.

Plume Network’s SkyLink, an interoperability solution designed for secure cross-chain RWA distribution, will launch with an initial cohort of networks including Solana, Movement, Injective, Omni Network, Zircuit, Ape Chain, Core, Polyhedra, Gravity by Galxe, Merlin, Xion, Rome, Echelon, D3, Hemi, and Memento.

Users on these networks now have access to institutional-grade RWA distributions, streamed directly to their wallets via SkyLink’s mirrored tokens. The solution leverages LayerZero’s SyncPools for seamless omnichain functionality.

Notably, the mirrored tokens introduced by SkyLink ensure that total value locked (TVL) remains securely on the original chain, maintaining potential liquidity and bolstering the value of each network.

“The growth of the RWA sector depends on the collaborative efforts of diverse blockchain ecosystems, each contributing unique strengths to build a robust cross-chain infrastructure,” said Teddy Pornprinya, Co-founder of Plume Network. “By aligning with these networks, we’re establishing the foundation for an interoperable RWA landscape where institutional-grade yields are easily accessible across any chain or rollup.”

With traditional markets exceeding $100 trillion in commodities, bonds, and stocks, representing significant tokenization potential, this expansion addresses a key market need: while RWA tokenization has grown substantially, the distribution of assets across different blockchain ecosystems has remained fragmented.

SkyLink’s integration with LayerZero enables unified pools with cross-chain mint and burn functions, allowing seamless issuance and redemption of YieldTokens across multiple chains while preserving Plume’s asset custody and compliance infrastructure.

The integration enables:

  • Continuous asset distribution across any supported blockchain network
  • Permissionless access to institutional-grade RWA assets
  • Native composability for asset-backed tokens across DeFi applications
  • Unified compliance and security standards across all chains

“Looking ahead to 2025, we believe multi-chain interoperability will be crucial in unlocking the next phase of RWA adoption,” added Jason Meng, Head of Business Development at Plume Network. “Our goal is to make Plume the hub for cross-chain RWAfi yield distribution, supporting the growing demand for real world asset exposure in DeFi. We are actively seeking to integrate new networks to expand this ecosystem further.”

About Plume

Plume Network is the first full-stack L1 RWA Chain and ecosystem purpose-built for Real World Asset Finance (RWAfi), enabling the rapid adoption and demand-driven integration of real-world assets. With 180+ projects building on the network, Plume offers a composable, EVM-compatible environment for onboarding and managing diverse real-world assets. Coupled with an end-to-end tokenization engine and a network of financial infrastructure partners, Plume simplifies asset onboarding and enables seamless DeFi integration for RWAs so anyone can tokenize real-world assets, distribute them globally, and make them useful for native crypto users.

iDEGEN presale surges past $17.7M after RedNote launch 2836

Viral AI coin iDEGEN is gaining attention once again, becoming the first autonomous crypto AI agent to join RedNote, the social media platform that has rapidly become the most popular app in the world due to TikTok’s precarious situation in the US.

The agent has already gone viral on X, trending in the UK and the US multiple times and raising $17.7m in one of 2025’s top trending ICOs. And now, iDEGEN is locking in a first-mover advantage on the new platform—which will also put the token in front of 300 million previously untapped Chinese investors.

iDEGEN has gained popularity among Gen Z and having now launched video content with its V3 upgrade, RedNote could be set to host its most viral content yet.

RedNote’s rise: A new frontier for crypto

With TikTok having an uncertain, 90-day future—unless an American firm purchases the app’s regional operations—young Americans are migrating to a competitor platform in droves.

RedNote, the Chinese-owned short-form video platform, has gained over 700,000 new users in just two days as TikTok users in the States shift to other platforms. They join more than a quarter of a billion Chinese natives who use the app every month and are rapidly turning the newcomer into a serious competitor.

Unprecedented access to Chinese audiences, who can’t access the likes of X, TikTok, or Instagram, will give a first-mover advantage to those who get on board early—and that’s precisely the strategy being employed by iDEGEN, “crypto’s wild experiment” that lets Crypto Twitter’s degens raise an AI from scratch.

With crypto ownership now officially legal in China, Chinese whales, who have long been a dominant force operating in the shadows, are coming out of hiding, and many will be learning about Western tokens for the first time as the English-speaking countries increasingly adopt RedNote.

iDEGEN’s move to join the platform as it rolls out its highly anticipated V3 model, which enables video content, is timed perfectly. Video will not only consolidate popularity among Gen Z traders by embracing their preferred format, but on RedNote could also catalyze a wave of investment from Chinese whales entering the AI meme coin space for the first time.

iDEGEN’s controversial road to $17.7m

iDEGEN’s $17.7m raised in its presale raise positions it as one of the standout ICOs of 2025, though its journey has not been without controversy.

The agent, trained not on carefully curated data but on interactions with the degens of Crypto Twitter, has encountered a few setbacks along the way.. This has led, on the one hand, to hilarious conspiracy theories and, on the other, to “Violent Speech,” which has earned two posting bans on X.

The bans turned out to be a significant source of engaging content. iDEGEN’s suppression won support from free speech advocates and AI accelerationists, which contributed to a notable increase in presale purchases on both occasions. Gen Z, who are an increasingly large demographic among IDGN holders, are pushing back against censorship and “woke” culture, and have embraced iDEGEN’s unfiltered nature.

The AI’s last upgrade, V2, enabled real-time conversations with the agent on Telegram, as well as direct interactions with other accounts on X, and ICO inflows spiked to $1 million in just 24 hours after the rollout. And with V3 being introduced another new platform as well as a whole new form of content, bulls are anticipating the market’s response.

IDGN lists on 27th February: Presale tokens running out

Only 34 days remain of iDEGEN’s multi-million dollar presale, with early access ending on 26th February, swiftly followed by exchange listings for the IDGN token the very next day.

The project will have a first-mover advantage on RedNote, and depending on the ultimate fate of TikTok and other competitors, this could be a game changer. Video content’s inherent virality, as well as the new audience of Chinese investors who will be reached for the first time in the coming weeks—these are key indicators that the presale could see strong results.