Author: Nancy, PANews

Since Vitalik redefined the Layer 2 route earlier this year, the survival competition in the L2 track has become increasingly brutal. Star L2s such as Base, Arbitrum, and OP Mainnet continue to vie for market attention and liquidity, while a large number of mid-tier and even emerging L2s have become "ghost towns," with many projects forced to cut back to survive.

As the differentiation in the L2 track intensifies, World Chain has carved out a relatively independent growth curve. Although its on-chain ecological applications still appear thin, real user activity keeps it in high-frequency interaction demand. Meanwhile, leveraging the AI hype, WLD has recently experienced a relatively independent upward trend.

Behind a monthly increase of over 130%, why has WLD developed an independent trend?

With the investment boom in the AI sector continuing to heat up, Worldcoin has become one of the investment targets pursued by market funds. According to CoinGecko data, WLD has risen by a cumulative 136.1% in the past 30 days, significantly outperforming most mainstream crypto assets.

Behind this round of price increase, Worldcoin has mainly been driven by multiple expectations and capital inflows.

On one hand, the large holdings by institutions have boosted market confidence. Nasdaq-listed company Eightco Holdings publicly holds approximately 283 million WLD (about 8.4% of the circulating supply) and has included it in their treasury asset allocation. Meanwhile, since the company holds indirect equity in OpenAI (with an investment of about $90 million), it has also amplified the market's imagination regarding the value of holding the coin.

On the other hand, incentive activities have stimulated the trading activity of WLD. At the end of last month, Oku Trade was integrated into World App and launched a WLD swap competition mechanism, directly stimulating user participation. Dune data shows that the daily trading volume of WLD on DEX once broke through $11 million, whereas it had previously maintained at a few hundred thousand dollars, with trading volume multiplying by several times.

A more crucial driving factor comes from the expected improvement in token economics. According to the latest adjustment plan, starting from July 24, 2026, the daily unlocking amount of WLD will decrease from about 5.1 million to about 2.9 million, a reduction of about 43%. Among this, community unlocks will drop from 3.2 million to 1.6 million, a 50% reduction; the unlocking rate for the team and investors will decrease from 1.9 million daily to 1.3 million, a 32% reduction. This adjustment is generally interpreted by the market as a significant alleviation of medium-to-long-term supply pressure, which helps weaken the expectation of continued selling pressure.

Moreover, with the continued warming of IPO expectations for AI giant OpenAI, the market heat for the AI narrative has further overflowed. As a crypto project co-founded by CEO Sam Altman, the market's attention towards Worldcoin has increased, further driving speculative capital inflow.

Soaring on-chain activity, capital growth relies on bridging inflows

As the price of coins rises, the on-chain activity of World Chain is also on the rise.

In terms of capital inflow, this round of growth has mainly come from bridging TVL. According to L2BEAT data, the total value locked (TVS) in World Chain has exceeded $610 million, growing approximately 122.6% in the past 30 days. Standard cross-chain bridge asset inflows dominate, accounting for about $557 million, with a month-on-month growth of 118.4%, becoming the main source of recent capital expansion.

The increase in capital flow is accompanied by a rise in on-chain activity. According to GrowThePie data, in the past 30 days, the number of active daily addresses on World Chain surged by 649%. In contrast, other platforms such as Polygon, Base, Arbitrum One, and Celo saw limited gains during the same period, with some even experiencing negative growth.

However, the on-chain ecosystem of World Chain has not seen large-scale expansion. Compared to Base, which is backed by Coinbase traffic, and Arbitrum with a mature DeFi ecosystem, World Chain is still in the early stages of ecological construction and has not yet formed native protocols with scale effects and high-frequency usage scenarios.

According to DeFiLlama data, as of June 22, World Chain's TVL is only about $40.42 million, and its overall scale cannot compare with other leading L2s. Although it has nearly doubled in the past 30 days, the incremental liquidity is mainly concentrated in the Morpho Blue-related treasury configuration, which accounts for about 93% of World Chain's TVL.

In other words, much of the bridging capital remains in the form of static assets and has not effectively transformed into DeFi lending, DEX trading, or complex application interactions, leaving the depth of on-chain fund usage and transfer conversion efficiency still limited.

Next only to Base, World Chain becomes a major consumer of Blobs

Despite insufficient external applications, its unique position as Worldcoin's exclusive L2 and tens of millions of real user activities are continuously driving up Blob consumption on World Chain, making it a frequently used L2.

Blobs are mainly used by Layer 2 Rollup to publish transaction data to the main net at extremely low costs, achieving data availability. Since the Dencun upgrade in March 2024, Ethereum's main net has submitted more than 19.53 million Blobs cumulatively. Among many Layer 2s, World Chain has grown into the second-largest consumer of Blobs, even outperforming established L2s like Arbitrum.

According to the latest statistics from Dune Analytics, since its launch in June 2025, World Chain has submitted more than 2.63 million Blobs to Ethereum, consistently ranking among the top, second only to Base. In the past 24 hours, it averaged 106 submissions per hour, equivalent to writing approximately 13.3MB of data to Ethereum every hour, with a Blob filling rate as high as 99%, showing data packaging efficiency that leads most L2s.

In terms of cost and operational efficiency, World Chain also demonstrates strong competitiveness. In the past three days, its expenses for data availability (DA) were about $304, with historical cumulative expenses exceeding $2 million, more efficient than established L2s such as Base (cumulative about $6.45 million) and Arbitrum (cumulative about $3.51 million). Meanwhile, it submits a batch to Ethereum approximately every 3 minutes and 45 seconds, with an average of 3 Blobs per submission, demonstrating a high frequency of on-chain interactions.

In terms of data inflow scale, World Chain quickly entered the top ranks shortly after its launch and has maintained a leading position over time. As of June 15, its Blob data inflow accounted for 12.6% of the network's total, second only to Base's 43.3%, while Arbitrum One, Soneium, OP Mainnet, and Unichain ranked behind.

While most L2s are mired in growth anxiety, World Chain's position in Blob consumption is not only attributed to the cost and throughput advantages brought by the OP Stack architecture behind it, enabling it to carry on-chain activities with higher efficiency. More importantly, the tens of millions of real World ID users migrating to the exclusive chain continuously create high-frequency trading demand driven by scenarios such as identity validation, gas subsidies, and reward retrieval, allowing it to maintain strong data demand and Blob consumption even in the absence of a mature ecosystem.

From a longer-term perspective, what truly determines the long-term development of L2 is not short-term funding and trading heat; World Chain must effectively convert externally inflowing assets into on-chain liquidity and sustainable economic activities to transition from a frequently used L2 to a mature network with ecological self-circulation capability.

免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。