EIA Refined Oil Inventories in the U.S. for the week ending May 30

Author: Pomelo, ChainCatcher Editor: Marco, ChainCatcher Since the launch of the Linea Surge Incentive Program on May 17th, the TVL of the Linea mainnet has entered a period of rapid rise. Within 3 days, the TVL has surpassed $1.1 billion, an increase of over 40% from around $700 million. According to L2beat data, the on-chain TVL of Linea on May 29th was $1.13 billion, ranking sixth in the entire Layer2 market. Linea, developed by Consensys, the parent company of MetaMask, is a zkEVM.

Originally written by Karen, Foresight News On May 17th, the Linea Surge event officially kicked off. Linea has launched the first phase of the Linea Surge Points Program (Volt 1), which aims to drive a thriving ecosystem by attracting more long users and increasing TVL on the network, which promises to open a new chapter in Linea's rise flywheel. Despite the PUA controversy and complaints among some community users, Linea has previously made it clear that Linea Surge is the final piece of the puzzle before embarking on its journey to decentralization to create a truly community-owned and operated network. As part of the program, Linea will reward participating users for holding assets on Linea and deploying them on Decentralized Finance protocol

Author: NingNing From the perspective of market level, the LBP platform is a 1.5-level market between the primary venture capital market and the secondary trading market. Its mechanism is to use smart contracts to implement the Dutch auction to sell primary market project tokens. The Dutch auction is different from the common auction method. Its IDO price will start from a high level and automatically drop, and stop dropping when there is a transaction. If there is no new transaction after a period of time after the transaction, it will continue to drop. LBP allows the introduction of secondary trading market mechanisms into the primary market token issuance process, thereby more effectively discovering the market price of new projects. LBP achieves relative fairness in the sale of new coins through smart contracts and market games, which can prevent the phenomenon of whales booking a new coin and then dumping it in the secondary market. However, LBP cannot guarantee absolute fairness (no technology or mechanism can achieve this).

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Lens V2: Open operations and value sharing, can it create a new landscape for Web3 social interactions? The V2 version of Lens Protocol has recently completed its migration work, bringing exciting functionality updates to users. This new version is centered around the core concepts of "openness and composability, shared benefits, trust, and security," allowing users to interact with smart contracts within social media and execute external smart contract operations in Lens publications. As one of the pioneers in the Web3 social network space, Lens is dedicated to overcoming the limitations of traditional Web2 platforms. The CEO of Lens Protocol stated that the goal of V1 is to launch a Web3 social network, promote innovation, and test tools that benefit the Lens ecosystem. V2, on the other hand, pursues a more flexible modular design aimed at further increasing user autonomy in the social network experience. Lens V