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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
Flashbots Forum: BONKbot’s Secure Signer Architecture
A dedicated TPM-based system with WASM signing verification vs. TEEs
> It combines a custom Trusted Computing Device with user-authorized WASM modules for transaction validation.
> To achieve CEX-like execution speeds on Solana while maintaining non-custodial security.
Source: https://collective.flashbots.net/t/bonkbots-secure-signer-architecture-dedicated-tpm-based-system-with-wasm-signing-verification-vs-tees/3964
Chaos Labs: Decentralized Derivatives 101: Models, Challenges, and Opportunities
Derivatives markets, both in traditional finance & crypto world are ways larger than spot markets
> While crypto derivatives on centralized exchanges dominate, decentralized derivatives are gaining ground and may soon surpass spot markets in DeFi as the ecosystem matures.
> This article explores key models, such as Hard Liquidity Backed and Synthetic Models, essential for supporting this growth.
Source: https://x.com/chaos_labs/status/1844809725130756373?s=46&t=2q9OLMlaobNlHLewOXT4uA
Flashbots: Zero Trust Execution Environments
“TEEs are not secure enough for the most exciting use cases”
This post discusses the growing demand for more secure, high-performance hardware to support use cases requiring TEEs.
> It calls on hardware security experts to help design improved solutions that address current limitations, and why the secure hardware we have today doesn’t satisfy our needs.
https://x.com/0xquintus/status/1845101645186859438?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Source: https://writings.flashbots.net/ZTEE
USDC Now Available as Gas Fee Payment on Base
Source: https://x.com/jerallaire/status/1844773079886569888
October 11th~ Rollup
🐚 Research and Ideation 💡
- ImperiumPaper: Rune Withdrawing from Governance Staking to Shore Up His Positions
- Syndica: Deep Dive: Solana DeFi - September 2024
- Richard Galvin: Shuffle - a High Growth, Catalyst-Rich and Transparent GambleFi Project
- 0xENAS: Ethena - The Trillion Dollar Crypto Opportunity
- On Chain Times: A Chat With Domer, the #1 Trader on Polymarket
- Bitcoin Suisse: Industry Rollup
- Goodalexander: on Economic Theory, Attention Economies, and the Future of AI
- TAO Times: Highlights of the Week (zkML on Bittensor)
🐚 Podcast 🎙️
- Steady Lads Podcast: Is the Memecoin Supercycle Upon Us? w/ Murad
- Good Game Podcast: Q4 State of the Crypto Market
- Uncut Gems Podcast: How MegaETH will scale Ethereum
- BlockSpace Pod: Reasoning By Analogy With Kyle Samani
🐚 Project Updates 🔔
- Binance Pre-Market is Live!
- Arkham Intelligence Plans to Launch a Derivatives Exchange Next Month
TAO Times: Highlights of the Week (zkML on Bittensor)
> Inference Labs has received community praise for its efforts in the zkML space
> OpenKaito demonstrates miner improvements
> NeuralAI, announced the launch of the Neural3D subnet on SN46.
Source: https://taotimes.xyz/p/tao-times-8-zkml-on-bittensor
Also check out Bitcoin Suisse Industry Rollup
covering:
> Market Performance and Asset Correlations
> Crypto Market Dynamics
> Sector Performance and Notable Trends
> Bitcoin Cycle Analysis, and more
Source: https://files.bitcoinsuisse.com/assets/pdf/202409_IndustryRollup_EN.pdf
Good Game Podcast: Q4 State of the Crypto Market
Discussion:
> Murad, his tactics, and getting doxxed
> Kamala On Crypto?
> BTC vs. ALTs vs. Memecoins
> Moonshot & Coinbase Wallet App Store Rank
> Where Are We in This Cycle?
> Shitcoins, Gambling, and more
Source: https://www.youtube.com/watch?v=1gOqcUD81xc
0xENAS: Ethena - The Trillion Dollar Crypto Opportunity
> Scaling its yield-bearing stablecoin to $3bn in a matter of months, no other stablecoin has grown as quickly as USDe since inception.
> Having withstood the test of extreme market volatility with no issues, it now looks to go after the largest market in crypto - Tether's $160b lunch👇
Source: https://x.com/0xenas/status/1844756962854212024?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Syndica: Deep Dive: Solana DeFi - September 2024
> SOL locked in DeFi has reached a new ATH of 36M.
> 78% of SOL locked in DeFi protocols is allocated to spot and perp DEXes
> As of September, 7.2% of the total SOL staked is in liquid staking, a new ATH.
> Sanctum pushed liquid-staking TVL to a new ATH of 28M SOL.
> CEX LSTs now account for 3.2% of the total LST market share.👇
Source: https://x.com/Syndica_io/status/1844734270037803449
Steady Lads Podcast: Is the Memecoin Supercycle Upon Us? w/ Murad
This episode covers:
> The Memecoin Movement
> Being Doxxed By ZachXBT
> Memecoins vs NFTs
> Speculation First, Tech Second
> Murad’s strategy for this cycle, and more
Source: https://www.youtube.com/watch?v=Q--vX_FL5yg
Binance Pre-Market is Live!
Buy & Sell Launchpool tokens before they’re listed.
jointly launched by Binance Spot and Launchpool
> Users can divest their proceeds from Launchpool rewards through spot trades or acquire tokens in advance of the official spot listing.
Source: https://x.com/binance/status/1844681318082170934
zerokn0wledge_: A Deep Dive on Nillion Network
Nillion's MPC protocol offers superior privacy, efficiency, and scalability for blockchain use cases than any other MPC solution in the market.
> This post provides a deep dive into Nillion, the need for privacy in AI, Nillion’s MPC and why it matters, and more
Source: https://x.com/zerokn0wledge_/status/1844425775115637145?s=46&t=LqJgJfWjl0dXj8hmReuSuw
Sequoia | Generative AI’s Act o1: The Agentic Reasoning Era Begins
As the LLM market structure stabilizes, the focus is shifting to the development and scaling of the reasoning layer
> This layer aims to endow AI systems with deliberate reasoning, problem-solving and cognitive operations at inference time that go beyond rapid pattern matching.
> This essay explore how the consolidation of the foundational LLM layer has set the stage for the race to scale these higher-order reasoning and agentic capabilities
Source: https://www.sequoiacap.com/article/generative-ais-act-o1/
Tether Usage Surges with $50.2M Spent on Gas in the Last 30 Days
> This makes up 37% of all application gas spend across chains in the Past 30 Days
> Majority of usage is happening on Tron, with only $4.7M happening on Ethereum which is ~7% of Ethereum’s app gas
Source: https://x.com/jphackworth42/status/1844043118448111653?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Takens Theorem: Creating, Destroying, and Restoring On-Chain Artwork
This post is about a recent innovative NFT project on Ethereum called “Rothko on Pennies” that stores an image on a thousand tiny contract balances and illustrates several ways that hacking can be artwork
Source: https://medium.com/etherscan-blog/creating-destroying-and-restoring-on-chain-artwork-d6f1d031a2d5
0xCholy: Telegram Mini Apps – Transforming Applications
This article explore:
> How Mini Apps are transforming the app market
> Why Telegram Mini Apps are the most crucial solution
> Highlight the experience of China
> The future of Mini Apps within the digital landscape.
Source: https://choly.substack.com/p/telegram-mini-apps-transforming-applications?triedRedirect=true
Tushar Jain: Gas Fee Abstraction is Bearish L1 Tokens
The L1 tokens may still be burned for fees but the abstraction reduces monetary premium because fewer people need to hold the L1 tokens.
Source: https://x.com/tusharjain_/status/1845087065513304200
spjoleh: What Comes After the Web
> The current market is flawed
> Most of the apps we use rely on the cloud, however, cloud isn’t without limitations
> (i) Web3, and (ii) the Local first internet have emerged to solve these limitations
> Their combined technical & philosophical insights pave the way for a powerful new kind of cloud, on which the next evolution of the web will be built.
Source: https://x.com/spjoleh/status/1829182285704315064?s=52&t=txFAbiSPTdLLDlAYj9X_AA
BlockSpace Pod: Reasoning By Analogy With Kyle Samani
Discussion:
> Solana's potential to overtake Ethereum,
> The future of DeFi, token economics, and the emerging DePIN sector.
> Some hot takes on Ethereum as a failed project,
> Ultrasound money
> Moats for dapps, wallets and infra
Source: https://x.com/blockspacepod/status/1843642633807098187?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Goodalexander: on Economic Theory, Attention Economies, and the Future of AI
> “most of what I thought were fundamental re-ratings in stocks were actually memes”
> “the whole system was a gigantic liquidity Ponzi that allocated capital according to attention.”
> “in aggregate, everyone is extremely predictable”
> “The endless quantified attention of society, manifests itself in predictable patterns”
> “The vast financial sugar rush we've built on this system, will not deflate. But rather be slowly syphoned off into making a higher order intelligence”
> “The attention economy, the speculative excess, the global connectivity. It's all just a societal progression - a pyre on which the phoenix of super intelligence will rise”
Source: https://x.com/goodalexander/status/1844738805749653739?s=52&t=txFAbiSPTdLLDlAYj9X_AA
MegaETH: The iPhone Moment for Crypto - How MegaETH will scale Ethereum
Bitcoin Suisse | Uncut Gems Podcast
Guest: Shuyao and Namik, Founding Team Members of MegaETH
> They discuss how MegaETH aims to overcome the traditional limitations of blockchain speed and scalability while maintaining robustness and decentralization. 👇
Source: https://www.youtube.com/watch?v=sPziCj65_qs
On Chain Times: A Chat With Domer, the #1 Trader on Polymarket
> Domer (JustKen) talks about his professional background, framework for trading on prediction markets, trading psychology and more👇
Source: https://www.onchaintimes.com/a-chat-with-domer-the-1-trader-on-polymarket/
Richard Galvin: Shuffle - a High Growth, Catalyst-Rich and Transparent GambleFi Project
> Shuffle has grown to be the third-largest crypto casino operator by deposit volumes
> It has seen over 500% growth in its monthly wagering volumes (to $2 billion), surpassing Rollbit
> It has strong fundamentals and upcoming catalysts like revamped tokenomics & product innovations
> Trades on 2.4x current annualized earnings
> Ambitious, focused, commercially minded team
Source: https://x.com/richwgalvin/status/1844677870482055361
MakerDAO Founder, Rune, Borrowing Against his MKR, and Now Withdrawing from Governance Staking to Shore Up His Positions
MKR price had plummet 33% since rebrand, the bigger concern now is Rune's MKR borrowing and his large governance stake withdrawals
Source: https://x.com/imperiumpaper/status/1844741999036862814?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Arkham Intelligence Plans to Launch a Derivatives Exchange Next Month: Report
Arkham’s new derivatives exchange will attempt to compete with giants like Binance for retail investors
Source: https://www.theblock.co/post/320721/arkham-intelligence-plans-to-launch-a-derivatives-exchange-next-month-report?utm_source=telegram1&utm_medium=social
October 10th~ Rollup
🐚 Research and Ideation 💡
- Hayden Adams: Unichain Will be the Best Home for DeFi
- Dan Elitzer | Nascent: The Inevitability of UNIchain (2022)
- ZachXBT Investigates UK’s Faris Ali in Alleged $4.3M Home Invasion Robbery of an X User
- Four Pillars: Restaking Stack: Categorizing the Restaking Ecosystem
- a16z | Justine Moore: Export Your Brain - How I Uploaded Myself to AI
- 0xCygaar: Cool Innovations in Uniswap's L2
- Taiki Maeda: Unichain Will Allow Staking $UNI to Earn Sequencer Revenue
- 100y: Uniswap, Flashbots, and OP-Stack: The Trinity Behind Unichain
- Syndica | Deep Dive: Solana DePIN - September 2024
- Blockdaemon: Distributed Validators for Added Resilience in ETH Staking
- Hyperlane: SVM Expansion - The Landscape Beyond Solana
- 0xkyle__: Shuffle ($SHFL) Thesis TLDR
- jphackworth42: Tether Usage Surges with $50.2M Spent on Gas in the Last 30 Days
- Abstract Summit | Keynote: "No, We Don’t “Just Need More Apps”: Fixing Fragmentation for Web3"
- Abstract Summit | Keynote: "Renzo: The First Chain Abstracted Application"
- zerokn0wledge_: A Deep Dive on Nillion Network
- Sequoia | Generative AI’s Act o1: The Agentic Reasoning Era Begins
🐚 News 📕
- SEC Sues Cumberland DRW for Unregistered Securities Trading
- Cumberland: “We're Ready to Defend Ourselves Again” Against SEC Actions
- Fidelity Confirms 77,000+ Customer Records Were Hacked
🐚 Project Updates 🔔
- Uniswap Introduces UNIchain -a new L2 designed for DeFi
- Flashbot Introduces Rollup-Boost
- Movement Labs Introduces the Open Network (Testnet v2)
🐚 Raises 💰
- Trendies Announces $1.75M Pre-seed, Led by Archetype
Keynote: "Renzo: The First Chain Abstracted Application"
Abstract Summit Token2049
Presented by Kratik Lodham - founding contributor at Renzo
> He shares how Renzo became one of the first and largest chain-abstracted dApps, the challenges faced in implementing chain abstraction, and more
Source: https://www.youtube.com/watch?v=YhFBcwHdSDU
Keynote: "No, We Don’t “Just Need More Apps”: Fixing Fragmentation for Web3"
Abstract Summit Token2049
Presented by Tabasco - Head of DevRel at Particle Network
> He explores why simply building more apps isn’t the solution for achieving consumer adoption in Web3. He dive into the root issues of fragmentation and how chain abstraction will help
Source: https://www.youtube.com/watch?v=e7apIh7prwo
Trendies Announces $1.75M Pre-seed, Led by Archetype
Trendies is a community launchpad built on Base for holders, where holders are rewarded for being active in their communities.
Source: https://x.com/trendiestech/status/1844423731785142425?s=52&t=txFAbiSPTdLLDlAYj9X_AA