#以太坊行情解读 has recently noticed a significant increase in mining protocols on multiple public chains, and this trend is worth discussing.

The ORE protocol on the SOL blockchain was one of the earlier ones last year. It has been about a year since its launch, and the price experienced a low of around $6, but this month it skyrocketed over 100 times to more than $600, becoming one of the highest-yield projects in the SOL ecosystem. This success story has ignited developers' enthusiasm, and similar mining protocols have emerged one after another, such as GODL, which has performed well. However, some projects ultimately failed due to mechanism vulnerabilities or "backdoor designs."

The GODL team clearly has big ambitions. In addition to the mining protocol itself, they are also preparing a fair launchpad based on the mining model. If this idea matures, it could likely impact the current joint curve model. Why? The logic of the traditional joint curve is "first come, first served," but the mining model changes the rules of the game—because participation requires cost investment, the costs of participants tend to converge, and coupled with the scarcity of the mined coins, this indeed constitutes a different economic model.

This could be a direction worth paying attention to in the coming period. Perhaps some interesting projects will emerge.

By the way, some older public chains can indeed put in a bit more effort. The SOL chain can come up with new ideas with just any launchpad concept, which has provided a lot of inspiration. If you really can't think of any innovations, it's also good to refer to some successful cases.