The network’s security is supported by OpenZeppelin standards, while the architecture is designed with regulation-focused, long-term enterprise adoption in mind.

ADI Chain Architecture

Built on zkSync’s Atlas and Airbender technologies, ADI Chain is a modular, high-performance, EVM-compatible zkRollup.

• Transactions are executed off-chain

• Verified using zero-knowledge (ZK) proofs

• Final settlement occurs on Ethereum L1

This design ensures high throughput, low costs, and Ethereum-grade security.

Vision and Mission

ADI Foundation aims to bring 1 billion people in developing countries on-chain by 2030.

The project addresses structural challenges:

• Unbanked populations

• Lack of digital identity

• Transparency gaps in public services

• Inefficiencies in cross-border payments

Regulation speed and local adoption will determine how effectively this scale is realized.

Core Concept

ADI Chain integrates innovation and regulation into the same framework, making blockchain practically usable for governments and enterprises. Unlike conventional chains, compliance is not an add-on but a core network design principle.

Focus areas include:

• Stablecoins and real-world asset tokenization

• Payments, digital identity, public records

• Healthcare, logistics

The long-term goal is a network of Ethereum-linked L3 chains for enterprises and governments, enabling cross-border value transfer.

How ADI Chain Works

ADI Chain uses a zkRollup architecture:

• Transactions processed on L2

• Batches created for efficiency

• Cryptographic proofs generated per batch

• Proofs submitted to Ethereum

• State finalized after Ethereum verification

Benefits:

• Invalid transactions never enter the chain

• Security inherited from Ethereum

• Transaction costs reduced by 90–95%

Layer-3 (L3) Compliance and Flexibility

Key differentiator: built-in regulation-compliant L3 chains.

Enterprises and governments can deploy custom L3s aligned with:

• Their jurisdiction

• Industry

• Policies and regulations

Features:

• Inherits L2 security

• Interoperable with other L3s and mainnet

• Configurable for FATF & ADGM Travel Rule compliance

ADI Token ($ADI)

$ADI is the utility token at the heart of ADI Chain, powering network operations and economic incentives. Unlike standard L2 tokens, $ADI functions as:

1. Gas Fee – Primary gas for all L2 & L3 transactions

2. Medium of Exchange – Facilitates settlement among users and enterprises

3. Staking & Yield – Can be staked in treasury-backed pools; no inflationary mint

Token Details

• Total Supply: 999.99M ADI

• Max Supply: 999.99M ADI

• Circulating Supply: 51.14M ADI

• Gas Model: Custom Gas Token (zkStack)Distribution

• Community Fund: 35%

• Treasury Reserves: 25%

• Private Investors: 12%

• Partnerships: 10%

• Team: 10%

• Token Incentivization Pool: 4%

• Liquidity: 4%

Unlock schedules are long-term with a 12-month cliff for team & investor tokens.

Governance

• Token-based governance not active at launch

• Governance framework defined, will activate after smart contract audits and ADGM registration

Team & Founders

• Andrey Lazorenko – CEO

• Mohammad Rajab – CMO

• Herman Stohniiev – CTO

• Anna Datsenko – COO

Experienced in blockchain infrastructure, enterprise software, and regulatory compliance.

Investors & Partnerships

• Focused on Middle East enterprise collaborations

• Planned dirham-backed regulated stablecoin

• Partners: IHC, First Abu Dhabi Bank, ADQ

• All stablecoin transactions use $ADI as gas

Key Features

• Full Ethereum & EVM compatibility

• L1-L2-L3 secure bridging

• Hyperledger FireFly integration

• REST API & middleware support for enterprises

• Dedicated L3s for digital identity, healthcare, logistics, public records

Ecosystem

• Payment Layer: Sub-second, low-cost, high-volume settlements

• L3 Compliance: Regulation & enterprise-specific L3 chains

• Identity Infrastructure: Selective disclosure, verifiable digital identity

• EVM Development: Solidity-compatible, compliance-focused smart contracts

• Cross-Border Rails: Interoperable remittance & international payments

Roadmap

• Past | Foundation: Core architecture built, testnet & block explorer live, developer documentation & zkSync Atlas integration completed

• Present | Enablement: Mainnet live, $ADI launched, L3 modules active, pilot partnerships ongoing

• Future | Deployment: Gas abstraction, first enterprise L3 chains, cross-chain bridges, global expansion in emerging markets

Overall Assessment

ADI Chain positions itself as a rare, “public yet adaptable” blockchain, merging Web3 and compliance without friction.

Success depends on:

• Actual adoption by governments & enterprises

• L3 chains going live

• Stablecoin & public projects implementation

The true test will be whether the regulatory-first approach remains flexible and how fast L3s are deployed in practice.

Official Links

• Website 
• Discord
• Twitter
• Telegram

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What is ADI (ADI)? appeared first on Coin Engineer.

Derive is a decentralized crypto trading platform that offers programmable derivatives such as options and perpetual futures. Formerly known as Lyra Finance, the project rebranded to Derive in 2024 to reflect its broader vision and expanding ecosystem.

Its core mission is to combine the performance and user experience of centralized exchanges (CEXs) with the transparency and self-custody of decentralized exchanges (DEXs). To achieve this, Derive built its own Layer-2 blockchain known as Derive Chain.

Core Team

The project is built by one of the most experienced derivatives teams in DeFi, originally from Lyra.

1. Nick Forster (Co-Founder): Former professional options trader at Susquehanna (SIG). Highly experienced in quantitative derivatives infrastructure.
2. Jake Fitzgerald (Co-Founder & Product Lead): Oversees product development and protocol architecture.
3. Dominic Romanowski: Senior contributor, protocol development.

Investors and Partnerships

Derive is backed by leading venture capital firms and angel investors known across the crypto industry.

Major Investors
• Framework Ventures
• ParaFi Capital
• Robot Ventures
• GSR

Angel Investors
• Stani Kulechov (Aave)
• Robert Leshner (Compound)
• Bankless Founders

Ecosystem Partners

• Optimism: Derive Chain is built on OP Stack and part of the Superchain.
• Celestia: Used for data availability and cost reductions.
• Synthetix: Historical liquidity and technology collaborations.

Project Vision and Core Idea

The key vision behind Derive is Programmable Derivatives. Most DeFi options platforms suffer from slow execution, liquidity fragmentation, and poor UX. Derive solves this through:

• High-Speed Execution: Its custom L2 chain ensures fast and low-cost transactions

• Hybrid Matching Model: Off-chain matching combined with on-chain settlement enables high-frequency trading

• Capital Efficiency: Portfolio margining allows traders to use a single collateral source for multiple hedged positions

How Derive Works (Architecture)

Derive consists of three core components:

Chain (L2)
• Ethereum-secured optimistic rollup built on OP Stack
• Chain ID: 957
• Uses a deployer allowlist governed by Derive DAO

Protocol
• Smart contract layer responsible for derivatives logic, collateralization, liquidation rules, and settlement

Exchange
• A CLOB (central limit order book) self-custodial trading interface
• Funds always remain in user-controlled smart contracts

Key Features

• Portfolio Margining: Enables reduced collateral by offsetting risks across positions.
• Block Trading: Large-size institutional trades with zero slippage.
• Session Keys: High-speed trading without constant wallet confirmations.
• RFQs (Request for Quote): Market makers provide custom pricing for block orders.

Roadmap

Completed Milestones
• Lyra V1 and V2
• Migration to OP Stack
• Launch of Derive Chain
• DRV token launch
• Rebrand from Lyra to Derive

Upcoming Milestones
• More asset classes (including RWAs)
• Institutional integrations and liquidity expansion
• New yield strategies via vault products

Governance Model

Derive is governed by Derive DAO. DRV holders can stake to receive stDRV, granting governance utilities such as:

Token Information

• Total Supply: 1,500,000,000 DRV
• Max Supply: 1,500,000,000 DRV
• Circulating Supply: 737,520,000 DRV

Token Utilities (DRV Utility)

• Governance rights through stDRV

• Staking rewards (transitioning to a buyback-based model after 6 months)

• Protocol incentives: 2,500,000 DRV weekly for trading and liquidity

• Revenue Buybacks: 25% of protocol revenue allocated to buy back DRV

Token Distribution

• General Airdrop: 87.1% – 67,168,869 DRV

• Trading & Depositing Points: 72.77% – 56,120,319 DRV

• Liquidity Partners Airdrop: 11.54% – 8,904,185 DRV

• EtherFi, HyperLiquid, Ethena & Loyalty: 2.78% – 2,144,365 DRV

• Snapshot Bonus: 3.28% – 2,529,958 DRV

• Pre-Stake Bonus: 9.61% – 7,415,725 DRV

• Migration Base Allocation: 12.89% – 9,945,683 DRV

Ecosystem & Integrations

Derive is not only a derivatives exchange — it is a modular L2 allowing third-party integrations.

• Automated trading via Hummingbot
• Open-source SDKs for developers building their own trading strategies
• API integrations for institutional traders

Summary

Derive is one of the most advanced decentralized derivatives protocols in the DeFi landscape, combining high-speed execution, portfolio margining, and a dedicated L2 chain built on OP Stack. With strong investors, an experienced team, and deep derivatives expertise, Derive aims to become the leading derivatives infrastructure in Web3.

Official Links

• Twitter
• Website
• Telegram
• Discord

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post What Is Derive (DRV)? appeared first on Coin Engineer.

JPMorgan Deploys JPMD on Base Network

In a strategic development, JPMorgan has launched a pilot for its new deposit token, JPMD, on Coinbase’s Layer 2 blockchain, Base. The token represents U.S. dollar deposits held in bank accounts, making it a digital representation of real-world funds within the traditional banking infrastructure.

You Might Be Interested In: Kraken-Backed Ethereum Layer 2 Launches INK Token to Rival Base

According to Naveen Mallela from JPMorgan’s blockchain division, a fixed amount of JPMD will be transferred to Coinbase in the coming days, with the transaction settled in USD. After regulatory clearance, other fiat currencies may be supported. Once the pilot concludes, Coinbase’s institutional clients will be able to use JPMD for transactions.

Why Deposit Tokens Could Outshine Stablecoins

Unlike stablecoins, which are backed by reserves but operate outside the banking system, deposit tokens are fully integrated with traditional finance. Mallela argues that deposit tokens like JPMD are more scalable and may even offer interest payments in the future—something most stablecoins lack.

This positions JPMD as a potentially superior instrument for institutional investors. Meanwhile, industry experts warn that the rise of yield-generating stablecoins could disrupt traditional banks—a trend that’s already making major financial players uneasy.

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don’t forget to follow us on our Telegram, YouTube, and Twitter channels for the latest news and updates.

The post JPMorgan Launches JPMD Pilot on Base Network! appeared first on Coin Engineer.

Buckle up DeFi enthusiasts! Frax Finance, the team behind the popular Frax stablecoin, has officially launched its highly anticipated Layer 2 network, Fraxtal.

Think of Fraxtal as a supercharged highway for Ethereum transactions, designed to handle DeFi applications with faster speeds and lower fees. Built on the OP Stack, it joins Optimism’s growing Superchain ecosystem alongside Base, backed by Coinbase.

But hold on, not everyone can access this futuristic highway just yet. Currently, Fraxtal is cruising with a select group of launch partners, including infrastructure providers like Safe, Chainlink, and bridge builders like Axelar and LayerZero. But fear not, general users are expected to join the ride in the coming days!

So, what’s under the hood of Fraxtal? It’s all about DeFi innovation. Imagine a platform specifically designed for decentralized finance applications, buzzing with faster settlements, cheaper interactions, and scalability dreams coming true.

Remember Frax, the mastermind behind the popular Frax stablecoin and Frax Ether? They’re at the helm of this project, bringing their expertise and over $1 billion in total value locked (TVL) to the mix.

And here’s the cherry on top for loyal Frax supporters: on March 6th, there’s an airdrop for holders of vote-escrowed Frax Shares (FXS) tokens, rewarding them with Fraxtal points (FXTL). While the team hasn’t spilled the beans yet, speculation is swirling about these points potentially evolving into a separate token.

The post Frax Unveils Fraxtal: A New Ethereum L2 Network for DeFi Innovation appeared first on Coin Engineer.

You might like: AMA COIN ENGINEER

AMA Content and Details

The Manta Network representative introduced himself as follows:

Gökçe: I am Gökçe, the Turkey Community and Marketing Lead at Manta Network. I would like to invite you all to connect with us on social media as well.

You can reach the Manta Network X page by clicking here.

You can reach the Manta Network Telegram page by clicking here.

I am so happy to be here with a community like Coin Mühendisi.

I invite everyone here to our next airdrop.

To participate in the airdrop, click here.

Airdrop Details

In this stage, we allocated 50 million tokens, 30 million of which were allocated directly and 20 million through NFTs.

We have enabled you to convert these NFTs directly into cash without waiting for the additional airdrop.

50 M $MANTA tokens were only for Into the Blue. We will be distributing the same amount for the New Paradigm event.

Questions 

Question 1: How will you encourage the growth of the ecosystem? Do you have any upcoming programs like NewParadigm?

Manta Network Representative: Increasing the size of the ecosystem is definitely a top priority for us. It is also important to define what growth means.

For the next phase of Manta, we have many new TVL entering our network, making Manta Pacific the 3rd largest L2 just below Optimism and Arbitrum, as the “New Paradigm” program is coming to an end.

Question 2. Is Manta Network considering using modular (agnostic) blockchain technology to transfer data?

Manta Network Representative: Manta Network is the first Ethereum L2 to use Celestia for modular data availability. What this means for the user is that we can significantly save them on gas fees. We have been integrated with Celestia for less than a month.

Question 3: Are you considering increasing the number of dApps in your ecosystem? What are your plans for this?

Manta Network Representative: We have a strong BD and ecosystem development team dedicated specifically to this. As a result, we currently have over 150 projects deployed on Manta Pacific. We are also using the zkApp Accelerator, which we announced today, in partnership with Celestia and Polygon.

Question 4: Can we see Concentrated Liquidity Concepts or another mechanism for developing DeFi on Manta in the near future?

Manta Network Representative: We already have some projects that offer this, and I hope liquidity starts to flow to these projects more and can be leveraged by DeFi projects in our ecosystem.

Question 5: Have you considered providing development kits like Cosmos SDK, Polygon CDK, or others on Manta Network?

Manta Network Representative: Yes, we actually already have development kits. You can check them out here.

They allow any developer to create ZK-enabled applications very quickly. What could take thousands of lines of code if you wrote it yourself can be done with Universal Circuits in just 50 lines of code. We are already seeing projects using this to create very innovative web3 projects.

One example is zkHoldem, which distributes on-chain poker using our ZK Universal Circuits.

Twitter Questions AMA

Question 1: I saw that some events on your roadmap are not completed. Are these outdated or events that have not been completed yet?

Manta Network Representative: Incomplete events are either ongoing, continuous (sometimes never ending or ending only after a significant period of time), or we probably forgot to update them.

Question 2: Will you take any new steps regarding your token in the future? Can you explain the most important reasons why we should choose you?

Manta Network Representative: We have a modular architecture. This means that we can always take advantage of the latest technology to plug into our L2 and enable us to continuously provide the best user experience for our community, whether now or 5 years from now. Our architecture is future-proof in this sense.

Question 3: What do developers need to create their dApps on Manta Network to launch a DApp on Manta Network?

Manta Network Representative: All you need is Solidity. If you can deploy your application on Ethereum, you can deploy it on us as well.

The post Coin Mühendisi X Manta Network AMA Summary appeared first on Coin Engineer.