A zkEVM is a virtual machine that runs on the Ethereum network and helps verify the correctness of smart contracts (programs stored on a blockchain) using zero-knowledge proofs.

The next bull market will be catalyzed by a trend or technology that’s already being built. Three of the seven trends analyzed were applications, and each scored well against the qualitative framework established to measure a trend’s ability to spark the next bull market.

Let's dive into a scenario between two friends, Peggy and Victor. Victor wants to prove to Peggy that he holds two balls of different colors, but Peggy is colorblind. To us, it may seem impossible to prove this to Peggy, but to Victor, it can be done. This scenario is similar to how ZKPs work in reality - through an interactive series of events between the prover and verifier, which increases the probability of the outcome of the proof.

The two popular social protocols are Lens and Farcaster. Lens has nearly 8x the monthly active users compared to Farcaster, but Farcaster has seen greater engagement growth over the last couple of months. The users on Farcaster seem to be far more engaged on the front end compared to the dominant Lens front end, Lenster.

Market activity in a sector has historically been preceded by an increased level of developer attention and hackathons provide a clear perspective of developer activity. For the last six months, the Social sector has accounted for the most hackathon submissions and is continuing to receive developer attention. This developer emphasis and publicity have helped boost engagement on existing Web3 social platforms like Lens.

Farcaster is a sufficiently decentralized social network. An open protocol that can support many clients, “just like email”.

Aptos and Sui are exceptionally fast (over 100,000 tps) and scalable layer 1 smart contract platforms.

Th object-centric architecture of Sui, designed from the ground-up to facilitate instant settlement, delivering the high throughput, low latency, and low cost needed to power applications for billions of users.

Sui, a new proof-of-stake (PoS) and general purpose Layer 1 (L1) blockchain that is designed with high throughput, low latency, robust security, instant finality, and low fees.