The three most representative projects of encryption have begun to take action, and the market may really be coming 1. LDO Do you remember the underlying logic of the last ETH explosion? On December 18th, 2020, LIDO launched stETH, locking in ETH, on chain ecological applications, and deflation as the driving force for ETH's upward trend. In September 2021, the staking scale of stETH exceeded 1 million ETH and TVL surged to the top of DeFi, and then quickly integrated into mainstream protocols such as Curve, Aave, Maker, etc. Just now, Lido v3 released stVaults on the Holesky testnet, allowing stakers to build custom staking schemes as needed and choose whether to bind stETH liquidity. 2. ATOM The Stargate upgrade of Cosmos Hub in 2021 has activated IBC and leveraged the multi chain revolution. The launch of Gravity DEX has introduced deep liquidity to the Cosmos ecosystem, and the ATOM ecosystem has begun to flourish And this time, Interchain Labs announced that Cosmos Hub will abandon plans to build its own EVM DeFi smart contract layer and instead focus on sovereign L1 and institutional needs. Equivalent to filling in one's own shortcomings 3. XPL In the previous round, Defi Summer was amplified by stablecoins, while USDT drove the growth of the stablecoin market Now the stablecoin public chain Plasma @ PlasmaFDN has been launched for public sale, and USDT officially has its own L1.