Xiaojie

Bitcoin, as the industry benchmark, has an impact on the entire space. Even though we focused on the Polkadot ecosystem, I always pay close attention to what’s happening with Bitcoin. A few weeks ago, when market sentiment hit a low, narratives about “Bitcoin being broken by quantum computing” started to get exaggerated. But let’s be clear: In the short term, quantum computing is nowhere near that level. In fact, in a previous interview, Gavin Wood also mentioned that there’s no need to worry about this in the near future. And importantly — Bitcoin’s cryptography isn’t fixed forever. The protocol can evolve. It can upgrade. We’re already seeing quantum computing companies starting to prepare for this future. So rather than a sudden crisis, this is something the system can adapt to over time. — What really matters is resilience. A strong system isn’t rigid — it’s flexible, adaptable, and evolving.

Web3 不只是把应用搬到链上，而是在重写互联网的权力结构，因为 Web3 的本质，是将身份从账户体系转向密钥体系，将数据从平台资产变成用户资产，将信任从机构背书转为密码学验证。 而 Polkadot 的价值在于它试图提供一套完整的基础设施：包括共享安全，原生互操作，链上治理，去中心化访问，多链协同执行。 如果说 Web3 想构建的是一个没有单点控制的网络结构，那么 Polkadot 更像是在提供一套可以长期运行的底层操作方式。 wiki.polkadot.com/general/web3-a…

🚨 @Polkadot Solidity Hackathon 2026 报名现已截止！ 这次黑客松不仅是一次开发者活动，更是观察 Polkadot Hub 生态进展的重要窗口： • 能否真正吸引 EVM 开发者进入 Polkadot • app-first 的构建路径是否已经开始成型 • 有多少想法能真正落地为链上应用 接下来，我们一起关注一下这次黑客松最终会诞生出什么项目，以及这些项目在活动结束后能否继续成长~ 感谢 @openguildwtf 和 @Web3foundation 的推动与支持！

💥 DAP 的第一阶段正在投票中！预计 2026 年 3 月 26 日左右生效！ 这一阶段会先把 DAP 的基础框架搭起来，并接入最关键的资金入口： • 新铸造的 DOT 进入 DAP • 协议收入进入 DAP • Slash 资金进入 DAP • 停止 Treasury burn 第二阶段将集中在 Staking 的改革上，预计在 2026 年 4 月底开启第二阶段，但预计需要两次提案完成第二阶段： 第一个提案先实施： • validator 最低自抵押：10,000 DOT • validator 最低佣金：10% 第二个提案再实施： • nominators 未来不再被 slash • unbond 时间未来缩短到 2 个 era 第三阶段将启动完整的 DAP，预计在 2026 年 Q2–Q3 继续推进。 到那时，DAP 将不只是一个 DOT 资金池，而会变成一个更完整的 multi-asset 分配系统： • issuance 直接进入 DAP • validator 与 nominator 预算分离 • validator 奖励结构重写 • Treasury 从 DAP 获取动态拨款 • 系统链 collator 周期性支付也可能纳入其中 想了解每个阶段的详细说明？在 PolkaWorld 的最新文章中了解更多《DAP 第一阶段将在 3 月 26 日实施！所有新发行 DOT 统一入口，国库停止销毁！》mp.weixin.qq.com/s/2DIHq44f4WC-…

This highlights a key shift: Ethereum optimizes for simplicity with single gas, while Polkadot moves toward precision with multi-dimensional resource pricing. Better abstraction for users, deeper efficiency under the hood. This is what next-gen blockchain UX should look like.

很开心能看到不断有新的团队，认可 Polkadot 的底层寄出设施，并加入到生态中来！ QFN 网络全称是 Quantum Fusion Network ，他们希望能够推出一整套技术创新，来消除阻碍 dApp 实现主流采用的瓶颈。 而这一点，也正是可以补全 Polkadot 短板的一块重要拼图。 Quantum Fusion Network ，他们的核心愿景在于，打破现有区块链对 dApp 开发者和用户的束缚，并为 Web3 应用搭建一套易用的基础设施，让开发者能够像在 Web2 平台上开发应用一样，自由、快速、低成本地构建 dApp。

👀 💥 @hyperbridge is set to unveil a new product on March 23: HyperFX — focused on onchain FX for non-USD stablecoin pairs! Their view is clear: stablecoins are moving beyond a single USD-centered world. More non-USD stablecoins are emerging, but the infrastructure for trading them onchain — especially liquidity and execution for non-USD pairs — is still far from mature. The main problems today: liquidity is extremely thin beyond the top pairs reserves limit how much supply can exist spreads widen quickly as trade size increases So the question is no longer just whether stablecoins exist. It’s whether onchain systems can actually support large-scale exchange between them as more local-currency stablecoins come online. Hyperbridge believes that beyond onchain payments, onchain FX may be the next critical piece of stablecoin infrastructure. March 23 is worth watching. @seunlanlege had also previewed this product earlier in a PolkaWorld livestream, check it out here. x.com/polkaworld_org…

🔥 直播预告！@Polkadot 最新治理提案分享（第 37 期） 近期又有一批值得关注的重要提案正在推进中。 如果你想提前了解 Polkadot 网络最新动态，以及社区正在讨论和投票的关键提案，欢迎本周四晚一起来围观！ 🗓 时间：3 月 19 日（周四）20:00 🎙 主题：Polkadot 最新治理提案分享（第 37 期） 📍 直播账号：@polkaworld_pro ▶️ 平台：Twitter / YouTube youtube.com/watch?v=f7SgPy… 每周治理都在变化，很多重要信号都藏在提案里。 想跟上 Polkadot 的节奏，别错过这场直播 👀

Polkadot 最新治理提案分享（第 37 期） x.com/i/broadcasts/1…

Polkadot Solidity Hackathon 进入最后倒计时，项目提交将于 3 月 20 日截止！留给 builder 的时间不多了。 这也是 Polkadot 首次面向 Solidity 开发者的大型黑客松，也希望这次黑客松的成功，能成为真正打破生态边界的信号。 最后提醒一下：还在冲刺的 builder 们，别忘了最后两件关键的事：一是提交项目，二是赛道选择，这会直接影响你的竞争优势，如果能选到更适合的方向，可能就是拉开差距的关键。 这场由 Polkadot 发起、Web3 Foundation 支持、OpenGuild 主办的 Hackathon，将会是一次新的尝试，为 Solidity 开发者开辟多链路径。 🏁 Demo Day：3 月 24–25 日 💰 $30K 奖池已就位 最后冲刺，别错过提交窗口： bit.ly/polkadot-solid… Good luck builders，期待看到你们的作品！

🚨 Polkadot v2.1.1 runtime upgrade is now up for vote! This upgrade is worth watching because it is designed to kick off Phase 1 of DAP. If approved, the proposal is expected to be enacted around March 26, 2026. The main changes include: - new DOT goes to DAP - protocol revenue goes to DAP - slashes go to DAP - treasury burns stop In addition, this upgrade lays the groundwork for several upcoming staking reforms, including: - non-slashable nominators - 2-era unbonding - minimum self-stake and commission for validators These staking parameters will not all go live immediately, they will be activated gradually through future OpenGov referenda. polkadot.subsquare.io/referenda/1862

EURC 的首笔 OTC 订单已在 Hydration 上线！ 该订单以 100,000 DAI 兑换 EURC，价格为 1 DAI = 0.8626 EURC（相较现货价格溢价 +0.5%） EURC 通过 Moonbeam Network 的路由流动性从 Base 网络引入，而 DAI 也可以通过 MRL 返回以太坊主网。 而这笔交易的确认，也意味着交易路径多样化，资金路径能够像“网络路由”一样动态选择。 OTC 正在链上原生化，OTC 开始在 Hydration 这样的链上流动性层完成，并且报价、成交、路径全部可验证、可组合。 那么或许未来的 DeFi，不只是“哪条链流动性更强”， 而是谁能成为“流动性的调度层”。

From Chips to Ecosystems — What NVIDIA Taught Me About @Polkadot I just listened to Jensen Huang’s GTC 2026 keynote. NVIDIA’s chips are powerful. But its real moat isn’t hardware — it’s the ecosystem. CUDA turned GPUs from specialized hardware into a global computing platform. More importantly, it created a self-reinforcing loop: developers → tools → applications → demand → more developers GPUs can be caught up. Ecosystems are much harder to replicate. This is exactly what makes me think about Polkadot. Polkadot is going through a painful but necessary ecosystem restructuring. And here’s the key: Technology starts the game. Ecosystem wins it. A single technical advantage is never enough. The real moat comes from coordination: -better developer tools -real builder interest -applications that actually gain traction Only when these reinforce each other does a moat emerge. Polkadot has often been seen as “too technical.” To some extent, that’s fair. For a long time, the barrier to entry for developers was simply too high. Before key infrastructure like Polkadot Hub, builders didn’t really have room to thrive. So while it looks like Polkadot has been “building for years,” it’s only recently entering a phase where developers can truly participate. Now we’re starting to see: -improving middleware -better dev experience -applications reaching the market What’s happening now is a strategic shift: from platform → to ecosystem This is how real moats are built. It’s slow. It’s frustrating. But once it works, it becomes extremely resilient. As long-term supporters, there’s also a tension. Conviction — because we believe in it. Pressure — because expectations have built up for years.That pressure can erode patience and affect short-term momentum. But the direction is becoming clearer. Polkadot is finally moving toward building a real moat — through ecosystem, not just technology. What matters now is simple: patience, aligned expectations, and continued building.

🚨 Polkadot v2.1.1 Runtime 升级已进入投票！ 这次升级值得关注，是因为它是为了启动 DAP 的第一阶段！本提案的预计生效时间是 2026 年 3 月 26 日左右！ 主要包含的变化是： - 新铸造的 DOT 将进入 DAP - 协议收入也将进入 DAP - Slash 资金将进入 DAP - 停止国库销毁 此外，这次升级也将为后续几项 staking 改革提前铺路，包括： - nominators 未来可不再被 slash - unbond 时间未来可缩短到 2 个 era - validators 未来将有最低自抵押和最低佣金要求 这几项 staking 新参数将通过后续 OpenGov 公投来逐步开启！ polkadot.subsquare.io/referenda/1862

What the DAP really does is introduce a fundamental shift in Polkadot’s economic model: • Inflation, slashing penalties, and coretime revenues are all pooled into a unified account • Validator rewards are set to evolve in Q2–Q3 This moves Polkadot away from passive mechanisms (like automatic burns) toward active, governance-driven capital allocation. It’s clearly a step toward reducing DOT sell pressure and improving capital efficiency at the protocol level. The supply side is being structurally refined. Now the real challenge is demand: more users, more applications.

Parity 其实一直都很重视企业的采用和案例，但在过去，这被用户认为是一件 B2B 的事情，即带来不了什么实质的影响，又让大家认为这些企业是无用的，跟 Polkadot 没有什么真正的连接。 但随着 RWA 的兴起，我认为 @paritytech 的这一能力，可以继续发挥起来。 因为这不再只是一种为企业提供技术服务的事情，而是你还可以为企业提供一个流动性入口。 Parity 可以筛选出一些具有优质资产的企业， 为他们提供技术服务，并将其部署到 Polkadot hub 中， 然后尽快在 Polkadot hub 中建立一个官方的 RWA 资产池， 所有 DOT 持有者可以随心选择这些 RWA 资产，并获得收益 在这个模型里： • 企业提供资产 • Polkadot 提供基础设施 • DOT 持有人提供流动性 这时 Polkadot hub 就不仅仅是一个帮助企业上链的链，而是一个市场。 如果它能连接资产与资金，那 Polkadot hub 就会成为一个真正的流动性入口！

A more important question for $DOT right now: Why should capital buy it in today’s market? Global capital has already shifted. Flows are moving toward lower-risk, yield-generating assets — treasuries, structured products, and even within crypto: stablecoins, RWAs, basis trades. That shift is changing how capital evaluates opportunities. For DOT, this means one thing — demand matters more than ever. Not narratives. Not supply changes. But something capital can actually allocate into. So the real question is What can capital do with DOT? Staking alone isn’t competitive enough. Governance isn’t a capital driver. If DOT wants to attract meaningful inflows, it needs to evolve into: • a yield-bearing asset • a liquidity layer • or a gateway to real-world value In the short term, if demand doesn’t exist, it has to be designed ASAP. • Bring high-quality businesses on-chain as RWAs → real asset yield x.com/polkaworld_org… • Launch DOT-backed stablecoins ASAP → paired with predictable yield products • Accelerate DAP with nominator/validator decoupling → make DOT a yield asset with macro-adjustable, system-controlled returns x.com/polkaworld_org… If these pieces come together, demand will follow. And capital will follow demand. I know many people are still holding DOT, they have held it from $55 until now, and it just lacks a use case for their DOT.