🔌 SOCKET Powers Derive Trading Platform Launch on Layer3
🔌 SOCKET Powers Derive Trading Platform Launch on Layer3
🚀 New Trading Platform Drops
Derive, a leading onchain trading platform for options and perpetuals, is now live on Layer3 through SOCKET's infrastructure.
The platform leverages SOCKET's multi-chain capabilities to enable seamless trading across different blockchain networks.
- Derive specializes in options and perpetuals trading
- Platform is powered by SOCKET technology
- Now accessible through Layer3's activation system
This launch continues SOCKET's strategy of showcasing real-world applications through their "SOCKET in Action" series on Layer3.
SOCKET in Action: Derive is now live on @layer3xyz! @DeriveXYZ is a leading onchain trading platform for options and perpetuals, powered by SOCKET. Dive into Derive: app.layer3.xyz/activations/so…
🎨 AI vs Hand-Crafted: POAP Creation Divide
The crypto community reveals a stark divide in **POAP creation approaches**. One side embraces the **quick AI route** - asking ChatGPT to generate designs in minutes. The other commits to **traditional craftsmanship** - spending hours hand-painting and creating multiple digital versions. This reflects a broader tension in web3 between: - **Speed and efficiency** of AI tools - **Authenticity and artistry** of manual creation The debate highlights how different communities value **effort versus output** in digital collectibles.
Chain Abstraction Emerges as Key Infrastructure for Web3 Development
Chain abstraction is gaining momentum as a crucial infrastructure component for web3 development. This technology aims to create seamless cross-chain experiences by: - Enabling developers to build applications that work across multiple blockchains without users needing to understand the underlying complexity - Improving scalability and adaptability of decentralized applications - Reducing friction in multi-chain interactions The push comes as Layer-2 solutions multiply, creating increased demand for unified user experiences. Developers are focusing on making blockchain interactions more intuitive and accessible while maintaining the benefits of decentralization. *Key Impact*: This shift could fundamentally change how users interact with blockchain applications, making the technology more accessible to mainstream adoption.
Socket Protocol Updates
Socket Protocol continues to evolve in the cross-chain infrastructure space. The protocol enables seamless multi-chain application development with these key features: - Secure cross-chain message passing - Standardized bridging interface - Gas optimization for cross-chain transactions Builders can now create truly interoperable dApps across multiple blockchains with reduced complexity and enhanced security. Socket's infrastructure handles the heavy lifting of cross-chain communication. *Want to start building?* Check out Socket's documentation for integration guides.
Fund Recovery Update
Socket has recovered 1032 ETH from the incident on 16th Jan and will soon release a recovery and distribution plan for users. The recovery was achieved with help from Seal911, Slowmist, Hexagate, and others.