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Decentralized Capital Markets Research & Articles: www.shoal.gg Twitter: https://twitter.com/Shoalresearch TG link: https://t.me/shoalresearch Website: Shoalresearch.xyz
May 7th~ Rollup
🐚 Research and Ideation 💡
- DeFi Dave: Lorebuilders and ‘Breakers: The Creators and Destroyers of Communities
- Bitcoin Suisse: Industry Rollup - May 2025
- arXiv: zScore: A Universal Decentralised Reputation System for the Blockchain Economy
- ZachXBT: Another $45M+ Stolen From Coinbase Users Via Social Engineering Scams Last week
- jacek czarnecki: The Two Types of Stablecoins That Matter: Payments vs Yield
- 563 blocmates: This is Your Brain on AI
- The Rollup Team Launches “The Rollup TV”
- Alchemy: Getting Started with World Mini App
🐚 News 📕
- Robinhood to Launch Blockchain-Based Platform That Allow Users in Europe to Trade U.S. Securities.
🐚 Project Updates 🔔
- Movement Labs Creates a New Entity and Brand—“Move Industries”
- Stripe Introduces Stablecoin Financial Accounts
- Newton Protocol: Verifiable Automation Layer for Onchain Finance
- Layer Zero Partners with Newton Protocol in Fixing Crypto UX with Verifiable AI Agents
Coinbase to Acquire Crypto Options Platform Deribit for Approximately $2.9 billion
Deribit brings approx. $30B in open interest and $1T+ in trading volume.
Source: https://x.com/coinbase/status/1920465054568218905
Newton Protocol: Verifiable Automation Layer for Onchain Finance
Newton Protocol provide a system where users can safely delegate complex tasks to verifiable agents, with every action cryptographically proven via TEEs and ZKPs to respect user-defined rules.
Source: https://blog.newt.foundation/the-litepaper/
The Rollup Team Takes Crypto Media to the Next Level with Launch of “The Rollup TV”
> Live every Tuesday & Thursday.
Source: https://x.com/therollupco/status/1920101371174441352
Robinhood is Planning to Launch a Blockchain-Based Platform That Would Allow Users in Europe to Trade U.S. Securities.
Source: https://x.com/DegenerateNews/status/1920187406902301108
The Two Types of Stablecoins That Matter: Payments vs Yield
In practice, stablecoins serve two core purposes:
> Moving money → payment stablecoins
> Growing money → yield stablecoins👇
Source: https://twitter.com/jacek_czarnecki/status/1920069774681280867?s=46&t=2q9OLMlaobNlHLewOXT4uA
zScore: A Universal Decentralised Reputation System for the Blockchain Economy
This paper presents and demonstrates “zScore”, a novel method of quantifying user reputation on on-chain economies. It argues that a user’s on-chain reputation strongly indicates their future behaviour.
Source: https://arxiv.org/pdf/2503.05718
Bitcoin Suisse: On-chain Lending Rates Indicate Investors are Wary of Taking Directional Positions
Source: https://files.bitcoinsuisse.com/assets/pdf/202505_IndustryRollup_EN.pdf
Bitcoin Suisse: Crypto Market Sentiment Recovering After Q1 Uncertainty
Source: https://files.bitcoinsuisse.com/assets/pdf/202505_IndustryRollup_EN.pdf
Bitcoin Suisse: Bitcoin Equities Correlation Fades
source: https://files.bitcoinsuisse.com/assets/pdf/202505_IndustryRollup_EN.pdf
Lorebuilders and ‘Breakers: The Creators and Destroyers of Communities
“Communities live and die by their lore”
“Lorebuilders are the sages that supercharges community, lorebreakers are the vampires that suck it dry.”
> Lorebuilders are stewards, mythkeepers and humble shepherds doing their part in keeping the lore alive
> Lorebreakers are individuals who extract and corrupt lore for their own selfish interests
> The future of any project is driven by empowering those who tend to build its myth👇
Source: https://twitter.com/DeFiDave22/status/1920113249053188537
Coinbase Partners with Riot Games Across Global League of Legends and VALORANT Competitions
Coinbase is now the exclusive cryptocurrency exchange & official blockchain technology partner across LoL & VALORANT esports global platforms.
Source: https://www.coinbase.com/blog/coinbase-partners-with-riot-games-across-global-league-of-legends-and-valorant-competitions
The Onchain Layer of Solana DePIN
A deep dive into the Solana DePIN ecosystem
Built by Dune x Slice Analytics. This report tracks:
> $5.9M total onchain revenue
> 238K+ registered nodes
> $100K+ in weekly revenue (and growing fast)
> Helium, Render, and Hivemapper lead in activity and adoption
Ethereum’s Pectra Upgrade Activates at Epoch 364032 (Around 10 AM UTC).
This upgrade marks Ethereum’s shift toward a product-centric roadmap focused on improved user experience (UX), decentralization & scalability.
> We examine how the updates collectively aim to modernize & optimize Ethereum's functionality👇
Source: https://x.com/Shoalresearch/status/1919890415005925543
Hyperliquid Precompiles: A Breakdown for Dummies
Hyperliquid’s precompiles serve as “system-level bridges between smart contracts and Hyperliquid’s trading engine, making capital and execution flow within a tightly controlled, high-trust environment.”👇
Source: https://x.com/emaverick90/status/1919727174426284488?s=12&t=2q9OLMlaobNlHLewOXT4uA
Live: Trump to Make ‘Major Announcement'
Link: https://www.youtube.com/live/ILdkEskTki4
Layer Zero Partners with Newton Protocol in Fixing Crypto UX with Verifiable AI Agents
Newton is fixing crypto UX with Al agents, while RISC Zero generates the zk proofs that audit every action and enforce each agent's rules onchain.
Source: https://x.com/RiscZero/status/1920231237966311545
Alchemy: Getting Started with World Mini App
A breakdown of world apps, mini apps, building a mini app, & why you should be building a mini app
Source: www.youtube.com/watch?v=AN3kO82Iy2g
Stripe Introduces Stablecoin Financial Accounts
With a stablecoin balance on Stripe, you get dollar access and can send and receive funds globally in both US dollars & stablecoins in over 100 countries
Source: https://x.com/stripe/status/1920206272538030350
563 blocmates: This is Your Brain on AI
How AI is crossing the threshold from novelty to necessity, and how we are gradually delegating our thinking and action to AI model providers.
> It explore how decentralized alternative path can help individuals reclaim control.
Source: https://x.com/563defi/status/1920096154798240237/
ZachXBT: Another $45M+ Stolen From Coinbase Users Via Social Engineering Scams Last week
Source: Investigations by ZachXBT
Movement Labs Creates a New Entity and Brand—“Move Industries”
Source: https://twitter.com/moveindustries/status/1919983628563706242
Bitcoin Suisse: Memecoins and AI-themed Assets Led the Charts
Source: https://files.bitcoinsuisse.com/assets/pdf/202505_IndustryRollup_EN.pdf
Bitcoin Suisse: Liquidity Rebound Fuels BTC Rally
Source: https://files.bitcoinsuisse.com/assets/pdf/202505_IndustryRollup_EN.pdf
Bitcoin Suisse: Industry Rollup - May 2025
“2025 has become a year of separation between gold and treasuries, Bitcoin and tech, conviction and concern. In this environment, Bitcoin has emerged as the Swiss army knife asset. Whether equities rally or bonds crumble, BTC trades on its own supply-demand fundamentals, delivering a win-win profile traditional assets simply can't offer.”
Source: https://files.bitcoinsuisse.com/assets/pdf/202505_IndustryRollup_EN.pdf
May 6th~ Rollup
🐚 Research and Ideation 💡
- Dune x Slice Analytics: The Onchain Layer of Solana DePIN
- Paradigm: Across Prime - A Design for a Capital Efficient Trustless Fast Bridge.
- Vitalik: The Math of When Stage 1 and Stage 2 Make Sense
- Arkham: BTC Whale Moves $2.8M Bitcoin to a New Address
- kel xyz: Thoughts on Future of AI - Assumptions & Theses
- Paul Tudor: "We Will Probably Go to New Lows”
- Emaverick90: Hyperliquid Precompiles: A Breakdown for Dummies
- Shoal Research: On Ethereum’s Pectra Upgrade
🐚 Podcast 🎙️
- Lightspeed: Interview w/ Thomas Uhm from Jito
🐚 News 📕
- Trump: We Will Have A Very Big Announcement Before Middle East Trip
- SOL Strategies Has Acquired 122,524 SOL for $18.25M at an Average Price of $148.96 Per SOL
🐚 Project Updates 🔔
- Movement Labs Has Terminated Rushi Manche
- Coinbase Partners with Riot Games
- Solana Name Service Launches $SNS Token, Airdropped 40% to OGs & New Supporters
- Coinbase Introduces x402–A New Open Source Payments Protocol Built on HTTP Rails
- Binance Lists Maple Finance $SYRUP and Kamino Finance $KMNO
Pectra Upgrade is Now Live on Ethereum Mainnet
> Smart account wallet UX features now active
> L2 scaling data storage blobs increased by 2x
> Validator UX improvements live
Source: https://x.com/ethereum/status/1920061243966054696
Movement Labs Has Terminated Rushi Manche
Source: https://x.com/movementlabsxyz/status/1919974813642502381
Paradigm: Across Prime - A Design for a Capital Efficient Trustless Fast Bridge.
Across Prime introduces a bonded model, where payments go directly to relayers, but are secured by a security deposit.
> It allows users send to the relayer—trustlessly, and at a fraction of the capital and gas cost of the escrowed model👇
x.com/danrobinson/status/1919786707928678848
Source: www.paradigm.xyz/2025/05/across-prime
Trump: 'Earth-Shattering' Announcement To Come
Source: https://x.com/DeItaone/status/1919864241319755877