Biteye AI Daily Report June 30

Today's zone market capitalization: $9.69B +3.01%

The zone continues to rebound, and the on-chain AI construction is gradually becoming more rational, which is beneficial for long-term development.

📈Top 10 24h Coingecko Trading Volume: Token Trading Volume Market Capitalization Price Volatility 1- $SAHARA $498.1M $211.9M $0.10 +12.1% 2- $VIRTUAL $182.5M $1.0B $1.60 +5.9% 3- $KAITO $78.4M $391.0M $1.62 +7.0% 4- $TAO $77.2M $3.0B $342.24 +3.5% 5- $BANANAS31 $75.6M $125.6M $0.01 +3.0% 6- $PROMPT $56.6M $32.2M $0.14 +5.5% 7- $AIXBT $48.9M $129.2M $0.14 +1.2% 8- $AI16Z $41.7M $167.7M $0.15 +6.5% 9- $TUT $22.7M $52.3M $0.06 +5.1% 10- $SIREN $19.5M $40.7M $0.06 +8.1%

⭐️Key Information

• Bittensor @opentensor announced that the total number of subnets is temporarily limited to 128. After exceeding 128 subnets, new subnets will temporarily be unable to register. This move aims to reduce noise, digest the rapid growth of the past four months, and improve the quality of technology built on the network. Going forward, they will continue to explore and refine the underlying infrastructure to prepare for a smooth expansion of the network to thousands of subnets in the coming years.

Comment: Being able to clearly recognize the balance between quantity and quality during the rapid expansion phase, Bittensor's long-term approach is worth paying attention to.

• The Zama Confidential Blockchain Protocol public testnet @zama_fhe will launch on July 1st. The Zama Protocol is not a new L1 or L2, but a cross-chain privacy layer on existing chains: users do not need to bridge to a new chain but can interact with privacy dapps from any chain of their choice, utilizing Fully Homomorphic Encryption (FHE) to achieve privacy-preserving smart contracts on any chain. Additionally, Zama announced last week that it has completed a $57 million Series B funding round led by @PanteraCapital and BlockchangeVC, with a valuation exceeding $1 billion.

Comment: FHE, as the "holy grail" of cryptography, allows any application (on-chain or off-chain) to achieve end-to-end encryption. Zama will serve as an important infrastructure to fully bring FHE to the blockchain.

• World Chain @worldcoin has launched Priority Blockspace for Humans (PBH) on its mainnet, which ensures that verified human users have priority access. It reserves a portion of space at the top of each block for transactions sent by verified real users, addressing the network congestion issues caused by bots and providing a priority lane for real users, ensuring they can interact with core chain services without delays even during peak demand for block space.

Commentary: World is contemplating the future of how humans and machines can coexist, and is making preparations in advance.

📊 Data source: @xhunt_ai, Cookie DAO, Coingecko

💡Risk Warning: The above is for information sharing only and not investment advice.