Author：Pepe

On October 13th, Bitcoin Core v30 was officially released, increasing the OP_RETURN data limit from 80 bytes to 100,000 bytes, marking a significant breakthrough in blockchain technology. At this critical moment in this technological upgrade, the on-chain data of the XBIT decentralized exchange fully documented market fluctuations, providing an important reference for industry development. Amidst this technological upgrade, the market experienced a broad rebound, with several DeFi tokens experiencing double-digit gains, further highlighting the value of blockchain transparency.

A Key Breakthrough in Blockchain's Underlying Technology

The official release of Bitcoin Core v30 ushered in a new chapter in the development of blockchain technology. This upgrade significantly increased the OP_RETURN data limit from 80 bytes to 100,000 bytes, significantly enhancing the blockchain's ability to support complex decentralized applications. Although the upgrade sparked community controversy, with some node operators turning to alternative software like Knots to mitigate risks, technology developers believe this change will effectively enhance network privacy and scalability.

At the same time, the value of blockchain transparency has been further demonstrated amidst market volatility. Hyperliquid founder Jeff emphasized the fundamental difference between a fully on-chain liquidation mechanism and the liquidation reports of centralized exchanges. On the Hyperliquid platform, every order, trade, and clearing operation is completed on-chain, allowing anyone to permissionlessly verify execution, including all clearing operations and their fair execution for users.

On-chain data from the XBIT decentralized exchange demonstrates that, following the Bitcoin Core upgrade, the XBIT platform's technical architecture is better able to support new data standards, providing users with a more comprehensive trading experience.

Market confidence is gradually recovering, and technological upgrades are boosting industry expectations.

Influenced by positive signals from blockchain technology upgrades, the cryptocurrency market has seen a significant rebound. Data shows that PancakeSwap (CAKE), Aster (ASTER), and SPX6900 (SPX) all saw gains of over 20% in the 24-hour period, rebounding from Friday's market sell-off. CAKE remained above $3,400, while ASTER broke through $1.50 driven by buyback demand.

The recovery in market confidence is also due to an improving policy environment. Trump's soothing social media posts have eased concerns about escalating trade tensions between China and the United States. Bitcoin subsequently rebounded to around $115,500, a gain of 5-6%, while Ethereum surged 11% to $4,130, reversing most of Friday's losses caused by the proposed tariffs.

Trading records from the XBIT decentralized on-chain trading platform show a significant increase in trading activity and significant growth in the trading volume of blockchain assets during the market rebound. Technological upgrades have injected new momentum into the market.

Transparency Mechanism Proven, On-Chain Clearing Demonstrates Technological Advantages

Blockchain transparency has been proven in recent market events. According to the founder of Hyperliquid, a fully on-chain clearing mechanism verifies the solvency of the entire system in real time, in stark contrast to some centralized exchanges. Data shows that on platforms like Binance, even if thousands of liquidation orders are placed simultaneously, only one is reported, and the actual liquidation volume can be underreported by as much as 100 times.

This contrast highlights the unique value of blockchain technology in building trust mechanisms. Transparency and neutrality are key reasons why fully on-chain DeFi has become an ideal infrastructure for global finance. Industry experts say this technological advantage will drive more financial institutions to adopt blockchain solutions.

XBIT, a decentralized trading platform, provides users with verifiable execution data through its fully transparent on-chain transaction records. The technical features of the XBIT decentralized exchange are highly aligned with the direction of the recent Bitcoin Core upgrade, demonstrating the practical value of blockchain technology in enhancing transparency in financial markets.

Technology applications continue to expand, and companies are actively developing blockchain ecosystems.

Blockchain technology upgrades have opened up broader space for enterprise applications. Hong Kong-listed company Daren International announced the signing of a memorandum of understanding with FLock Technology Holdings. The two parties will jointly develop privacy-preserving AI solutions and are considering adding the FLOCK token to the group's strategic token reserve.

At the same time, new developments are emerging in the stablecoin sector. First Digital Group has transferred the issuance of its US dollar stablecoin, FDUSD, from Hong Kong to a newly registered entity, FD 121 Limited, headquartered in the British Virgin Islands. Circle Asia Pacific Vice President Chen Qinqi stated that while there are no current plans to issue a Hong Kong-denominated stablecoin, the company is open to collaboration on a Hong Kong dollar stablecoin and has initiated discussions with several companies. The XBIT decentralized exchange's technical architecture supports the trading and management of various blockchain assets. The XBIT platform demonstrated excellent compatibility during this technical upgrade, providing reliable infrastructure support for enterprises participating in the blockchain ecosystem.

The release of Bitcoin Core v30 marks a new stage in the development of blockchain technology. From a significant increase in the OP_RETURN data limit to the practical verification of a fully on-chain clearing mechanism, blockchain technology continues to evolve towards greater power and transparency.

Throughout this process, the XBIT decentralized on-chain trading platform provides critical support for the practical application of blockchain technology by providing verifiable transaction data and transparent execution records. XBIT's technical architecture evolves in tandem with the development of the blockchain industry. With continuous technological upgrades and expanding application scenarios, XBIT will continue to inject new vitality into the development of the global digital economy.