🔥 Biteye AI Daily Report, June 30
Today's sector market cap: $9.69B +3.01%

The sector continues to rebound. On-chain AI construction is gradually becoming more rational, which is conducive to long-term development.

📈 Top 10 24h Coingecko Trading Volume:
Token Trading Volume Market Cap Price Change
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 it will temporarily limit the total number of subnets to 128. After exceeding 128 subnets, new subnets will not be able to register temporarily. 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. Next, it will continue to explore and improve the underlying infrastructure to prepare for the smooth expansion of the network to thousands of subnets in the coming years.

Review: Being soberly aware of the balance between quantity and quality during the rapid expansion phase, Bittensor's long-termism is worth paying attention to.

- Zama Confidential Blockchain Protocol public testnet @zama_fhe will be launched on July 1. Zama Protocol is not a new Layer 1 or Layer 2, but a cross-chain confidentiality layer on existing chains: users do not need to bridge to a new chain, but can interact with confidential dapps from any chain they choose, and utilize Fully Homomorphic Encryption (FHE) to implement confidential smart contracts on any chain. In addition, Zama announced last week that it had completed a $57.00 million Series B financing led by @PanteraCapital and BlockchangeVC, with a valuation of over $1.0 billion.

Review: 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 bring FHE to the blockchain in a comprehensive manner.

- World Chain @worldcoin has launched Priority Blockspace for Humans (PBH) on its mainnet, which can ensure that verified human users have priority - it reserves a portion of space at the top of each block for transactions sent by verified real users, in order to solve the problem of network congestion caused by robots, provide a priority channel for real users, and ensure that they can interact with core on-chain services without delay even during peak block space demand.

Review: World is thinking about 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 does not constitute investment advice.