-
Decentralized Capital Markets Research & Articles: www.shoal.gg Twitter: https://twitter.com/Shoalresearch TG link: https://t.me/shoalresearch Website: Shoalresearch.xyz
Why did PayPal Choose to Build on Solana and What’s Driving PYUSD Adoption?
PayPal chose to expand PYUSD to Solana for its near-instant settlement and finality, sub-cent median tx fees & ecosystem of 2,500+ developers
> Another important reason for chosen solana is due to solana's unique token extensions feature
Source: https://x.com/solana/status/1828175011590664412?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bo Du: Rollups Are the Final Frontier of Scaling
This post dive into the design space that the MegaETH team is actively exploring, where rollups represent the final frontier of blockchain scaling
Source: https://x.com/0xshake/status/1828085243544232339?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bankless: Why is ETH Down So Bad this Cycle?
Guest: Kyle Samani - Managing Partner and Co-founder at Multicoin Capital
SOL/ETH is up 300% YoY, and ETH/BTC is down 50% over the last 2 years
> Kyle gave his perspective & reasoning as to why ETH has been down so bad in this crypto cycle
x.com/BanklessHQ/status/1828047305573830907
Source: https://podcasts.apple.com/us/podcast/why-is-eth-down-so-bad-this-cycle-kyle-samani/id1499409058?i=1000666638758
2077 Research: Block-STM vs. Sealevel - A Comparison of Parallel Execution Engines
This paper explores two major paradigms for scaling execution, focusing on their leading implementations:
> Optimistic Concurrency Control (Block-STM)
> Pessimistic Concurrency Control (Sealevel)
> Aptos’ Block-STM uses OCC, while Solana’s Sealevel uses the Pessimistic Concurrency Control
> The paper provides a detailed performance comparisons and a clearer understanding of the future of VM architectures, and xVM from TPUs
https://research.2077.xyz/block-stm-vs-sealevel-1
Source: https://x.com/2077Research/status/1828101025724793326
Hack VC: The Future of Privacy Tech in Blockchain
Just as early internet needed encryption to protect user data, blockchains need privacy to fully reach their potential. Privacy is not just about individual protection, it is key for enterprise adoption and compliance too👇
Source: https://blog.hack.vc/the-future-of-privacy-tech-in-blockchain/
Memecoin Millionaire Strategy? What to Keep in Mind:
> Most top PNL addresses are token deployers
> Only 3% of all Pump fun traders earned $1K+
> 0.8% have made over $10K
> More than 60% lost money
Source: https://x.com/stacy_muur/status/1827989754081652894
User Stats on Top DEXs Over the Last 30 Days
Raydium, Uniswap, and Jupiter are leading with the highest activity during this period
Source: https://x.com/Coin98Analytics/status/1828071582109179929
Nucleus: Enabling Yield by Default for Networks
Nucleus was built to revolutionize the way users interact with networks by removing the opportunity costs of exploring new ecosystems via embedding yield at the network layer.
> Nucleus will be providing yield by default to 20+ different networks in upcoming months.
Source: https://x.com/nucleusearn/status/1827013959096140145
August 25th~ Rollup
🐚 Research and Ideation 💡
- Taiko Labs: To Be Based or Not To Be Based
- Movement Blog: Security & Fast-Finality Settlement
- Ethresearch: The Role of the P2P Market in ePBS
- Empire: How Delphi Digital Turned $1M into $1.2B in Crypto
- Wei Dai: TL;DR for the AO Whitepaper Explained with Ethereum Lingo
- Three Sigma: Unleashing the Power of Fuel: A Deep Dive into the Future of Ethereum Rollups and Sway
- Daniel Cheung: Why a September Normalization Rate Cut Could Ignite a Bullish Crypto Rally
- JoesCrypt: If $TON Goes Lower, Tokens for Telegram Trading Bots Might Do Too
- Llamaonthebrink: Vitalik Questions DeFi, Praises USDC in Recent SteadyLads Episode
- Vitalik Clarifies His View on DeFi and USDC
- Vitalik on the Type of Applications He Likes and Wants to See More
- Vitalik Makes a Good Point to Clarify the EF’s ETH Sales Outrage
- The Giver: The Ethical Long - Cycles and Capital Formation
- Lumida Wealth: Fed vs Bitcoin: Who will win?
- Milkroaddaily: Aave Move From $10 in Incentives per $1 Revenue to Just $0.20
- Jastremski Podcast: Return to Fundamentals with Felipe Montealegre
- Jastremski Podcast: First Principles Investing on Scarce Resources Blockspace & Attention
Vitalik Makes a Good Point to Clarify the EF’s ETH Sales Outrage
Look like EF is posturing the sales as grant funding for dApps outside of DeFi
Source: https://x.com/VitalikButerin/status/1827589056068206608?t=_TBThi3QTZ4vY0PrUEbV_w&s=19
Aave Move From $10 in Incentives per $1 Revenue to Just $0.20
> In 2021, Aave's monthly revenue was $5M, but it spent $50M on product incentives
> Initially, every $1 in revenue cost them $10 in incentives; now, it only costs $0.20
Source: https://x.com/milkroaddaily/status/1827730919886930373?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Lumida Wealth: Fed vs Bitcoin: Who will win?
Michael Terpin - Founder of Transform Group
This episode covers:
> Framework For BTC Investing through the Cycles
> Primary Drivers - Inflation, USD, Fed?
> BTC Cycle, This Vs. Prior Cycle
> Is Nvidia Influencing BTC Adoption?
> Democrats Serious About Constructive Digital Asset Policy
Source: https://www.youtube.com/live/03pN9Ma8c6I
Vitalik Clarifies His View on DeFi and USDC
> Things that I *don't* respect, are basically things whose attractiveness comes from some temporary source that has no sustainability,
> I felt no excitement toward the 2021-era liquidity farming craze, because it was obvious that it came from token issuances that are fundamentally temporary.
> He revealed he wants to see apps useful in a sustainable way and don’t sacrifice on the principles
Source: https://x.com/VitalikButerin/status/1827583576751181961
If $TON Goes Lower, Tokens for Telegram Trading Bots Might Do Too
“Telegram has always posed "platform risk" to developers building businesses and products on top of it”
Source: JoesCrypt
Three Sigma: Unleashing the Power of Fuel: A Deep Dive into the Future of Ethereum Rollups and Sway
Fuel is a purpose-built operating system for Ethereum rollups. Set to launch its mainnet in Q3 2024, Fuel is designed to supercharge the decentralized economy with unparalleled speed, security, and customization.
> This piece provides a deep dive into its unique architecture, groundbreaking technology, and what it means for the future of decentralized economies.
Source: https://threesigma.xyz/blog/fuel-network
Balancer is Going Superchain
With deployments on Mode and Fraxtal, Balancer is strategically expanding into the Optimism Superchain ecosystem.
> This marks a collaborative journey with Fraxtal, Mode, Aura and the entire Superchain ecosystem.
Source: https://x.com/balancer/status/1828099588127154294?s=52&t=txFAbiSPTdLLDlAYj9X_AA
The Charges Against Pavel Durov
> Complicity - Administration of an online platform to allow an illegal transaction in an organised band
> Complicity - Detention of the image of a minor of a child-pornographic nature
> Provision of cryptology services to ensure confidentiality functions without a declaration of conformity,
> Complicity - Dissemination, offer or making available in an organised tape of images of a minor of a pornographic nature👇
Source: x.com/fs0c131y/status/1828103712964817389?t=LPZEhP39Q1yin9aek2rAlQ&s=19
Dephi Digital: Solana the Modular
Comparing the SVM with EVM
> This report explore how Solana is contributing to the growing landscape of modular blockchain components, while also developing its internal demand for these solutions through the creation of L2 solutions.
Source: https://x.com/delphi_digital/status/1828096649303920818?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Sorella Labs Raises $7.5M Seed Round Led by Paradigm
Sorella is building next gen of on-chain markets
Source: https://x.com/SorellaLabs/status/1828145940357882087
0xLouisT: VCs Hedging—One of Crypto's Biggest Urban Legends
“I estimate that roughly 95% of VC money can't or doesn't hedge”
> While the idea of VCs hedging their locked positions is a cute narrative, the reality is that most can't and don't for several reasons: Mandate, Knowledge, and Capacity 👇
Source: https://x.com/0xlouist/status/1827953646304121228?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Grayscale: AI Is Coming — Crypto Can Help Make It Right
As AI technology become increasingly powerful, the AI industry has become extremely centralized, concentrating power in the hands of a few companies to the potential detriment of society
> This piece explore explore the issues caused by centralization and how decentralized AI can help solve some of its ills
> The market map highlights examples of protocols that help drive innovation, compute marketplaces, and potential solutions for AI-related challenges.
x.com/Grayscale/status/1828070030426439964
Source: https://www.grayscale.com/research/reports/ai-is-coming-crypto-can-help-make-it-right
StaniKulechov: DeFi will be the Backbone of ALL Finance
A common misconception is that DeFi is only useful when there is “collateral,” and it’s not beneficial for people seeking “loans.” This is actually not the case
> Protocols like Aave can serve as the backbone for all credit extensions in the real world, globally.
> The key to using Aave for every loan issued globally is tokenization.
> This means real-world credit would be tokenized and then used as collateral to unlock more liquidity, funding similar loans in the real world.
> Maker could be used for global savings, providing access to savings for every single person globally
> Uniswap on the other hand could be used to exchange all forms of value, including tokenized credit.
Source: https://x.com/stanikulechov/status/1828026567152280045?s=52&t=txFAbiSPTdLLDlAYj9X_AA
$DOGS Trading Now Live on All Major Exchanges!
Source: https://x.com/realDogsHouse/status/1828044587199250703
Jastremski Podcast: First Principles Investing on Scarce Resources Blockspace & Attention with Shayon Sengupta
Shayon - Investment Partner at Multicoin Capital
Discussion:
> The intersection of AI x Crypto
> Focusing on scarce resources
> Being early to DePIN
> Being Thesis Driven
> Order Flow
Source: https://www.youtube.com/watch?v=gWKcso-n7Lw
Jastremski Podcast: Return to Fundamentals with Felipe Montealegre Co-Founder of Theia Capital
Disussion:
> Cashflows unlocking institutional Capital
> Underwriting of an emerging asset class
> Applications that produce revenues
> The Venture Market resetting
Source: https://www.youtube.com/watch?v=gWyzs0bK-Ns
Vitalik on the Type of Applications He Likes and Wants to See More
> Dexes, Polymarket and stablecoin like Rai are great.
> Thinks that Rai > Usdc
> Dislike liquidity farming
> Always thinking where is the yield coming from. If it holds true in 5 years. Would be excited about it.
Source: https://x.com/vitalikbuterin/status/1827583576751181961?s=46&t=1WjslDHib_6blFSnWXBrwg
The Giver: The Ethical Long - Cycles and Capital Formation
Exploring inefficiencies in capital allocation within crypto markets, highlighting the impact of a persistent supply overhang and multiple mass long liquidations.
> This piece challenge conventional "safe" asset positioning by analyzing price, volume, and dilution trends over the past five year 👇
Source: https://x.com/lazyvillager1/status/1827103251235221802?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Vitalik Questions DeFi, Praises USDC in Recent SteadyLads Episode
“It’s almost ironic to shill something like USDC (which literally undermines ETH as an SoV and the neutrality of the chain) and ask for less DeFi (the thing that lends the most value to ETH) in same breath”
> “But I can’t read Vitalik’s mind so I don’t know what he really thinks. I just find it hard to believe that his views of defi are really that pitiful”
Source: https://x.com/llamaonthebrink/status/1827344864196903056
Why a September Normalization Rate Cut Could Ignite a Bullish Crypto Rally
Assuming economic data holds, the Fed will deliver a normalization cut in September and we will be entering one of the most bullish setups for crypto that I have seen in a while.
Source: https://x.com/highcoinviction/status/1826986080047955974
Wei Dai: TL;DR for the AO Whitepaper Explained with Ethereum Lingo
AO is a sovereign rollup using Arweave as DA. AO consists of arbitrary number of processes, each roughly equivalent to a rollup, with initial support for WASM containers.
> Whitepaper in pdf
Source: https://x.com/_weidai/status/1826621474008129600