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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
Arrakis DVMM - DeFi’s First MEV-Aware Onchain Market Maker
Centralized Vertically-Integrated Market Makers (CVMMs) are profiting from retail DeFi users across the MEV supply chain.
> The Arrakis DVMM is a decentralized MEV recapture solution that aims to make LPs more profitable by building fair, efficient onchain markets
Source: https://mirror.xyz/0x929fCf268A62e684221f1e39B8b6ddA2f0dA4AeC/qoVRfb9FK6iTEXbs4yGp1h0Py8xCvrfs-Qp_-AqWkIE
How MEV Maestro Yoink Netted $2.65M on 59 Blocks in August
> Yoink’s detailed strategies of netting 1061 ETH, worth $2.65M, after deducting validator payouts.
> A look at the top 4 blocks ranked by builder rewards from the 59 blocks built in August
Source: https://eigenphi.substack.com/p/mev-maestro-yoink-netting-265m-on-59-blocks-in-aug?r=aaog1&utm_medium=ios&triedRedirect=true
Ethresearch: Modeling Security for Cross Rollup Interoperability
Describing a mental model for the security of cross rollup interoperability (interop), emphasizing three stages: validity, local ordering, and global ordering
> Current protocols only provide validity guarantees, with further advancements needed to advance the security of interop protocols to stage 1 and 2 to provide both local and global ordering guarantees.
Source: https://ethresear.ch/t/modeling-security-for-cross-rollup-interoperability/20591
US Prosecutors Charged Gotbit, ZM Quant, CLS Global And MyTrade: RTRS
Federal prosecutors in Boston charged the firms and their leaders and employees in a takedown that also involved arrests overseas.
Source: https://x.com/tier10k/status/1844092142920065449
Toghrul Maharramov: Protocol Value Accrual Black Pill
How blockchain protocols accrue value through transaction fees, MEV, and token emissions, and how appchains and application-specific sequencing (ASS) can shift value from protocols to apps
Source: https://x.com/toghrulmaharram/status/1843723223365550174
Jastremski Podcast: Building a better Nasdaq with Solana Founder Anatoly
why blockchain at Nasdaq speed is the Northstar and how it is possible
Source: https://www.youtube.com/watch?v=qvxRSeMmXTA&t=22s
Jupiter Mobile is Now Live in the App Store
Zero Fees, Swift and auto-retry if txn doesn't go through at the first try
Source: https://x.com/JupiterExchange/status/1843637488138760379
Pod: Why Do We Need Consensus Again?
”Consensus is actually the enemy. By removing consensus, we can finalize transactions as quickly as doing a Google search.”
Source: https://pod.network/blog/wait-why-do-we-need-consensus-again
October 8th~ Rollup
🐚 Research and Ideation 💡
- Yashas Naik: Sui Ecosystem Map
- Uniswap Labs: All-Time L2 Volume on the Uniswap Protocol
- Shoal Research: Polymarket and the Proliferation of Prediction Markets
- Ignas | DeFi: On Binance Listing Cost and Scroll drama
- ToreroRomero: 27% of Solana’s Outflows Shifted to SUI in the Past Month
- Ki Young Ju: Cult-Like Communities in Stocks and Crypto
- Decentralised Co: A Framework to Classify DePIN Networks
- pierarmy_eth: Deep Dive into $BANANA Tokenomics
- Wisdom Tree: Why Competition Between Blockchains is Good for Investors
- Zaddycoin: HBO Satoshi Reveal = Peter Todd
- 2077 Research: Wildcat - Undercollateralized Credit Expansion for Fun and Profit 2.0
- Particle Network | Beyond UX: dApps On The Need For Chain Abstraction
- Kaito: Murad's vs. Ansem's Mindshare this Week
- Kaito: Memes with Most Mindshare in the Past 7 days
- Arthur Hayes on Binance Listing Fee Charges
- omeragoldberg: The True Cost of Election Market Manipulation
- 0xGhostLogs: Solana MEV for September
🐚 Podcast 🎙️
- Fomo Hour: Full Interview with Murad
🐚 News 📕
- Geoffrey Hinton & John Hopfield Awarded the 2024 Nobel Prize in Physics
- Geoff Hinton In the Process of Tidying Up His Affairs
- SEC Serves Crypto(dot)Com With a Wells Notice!
- Crypto (dot) Com Files Lawsuit Against SEC
🐚 Project Updates 🔔
- Circle: Native USDC On Sui Now Available
- Coinbase Adds USDC on SUI to Roadmap
- Flaunch: Meme Launchpad Powered by Uni V4
- Hyperliquid Leads All Chains in Weekly Derivatives Volume, Reaching ~$9.47b
- Mango Fails to Pass Proposal to Accept SEC Settlement
- Solv Protocol Introduces Staking Abstraction Layer (SAL)
- HypurrCo: Go-to Ecosystem Collective of Hyperliquid
0xGhostLogs: Solana MEV for September
atomic arbitrage tips averaged 50% of revenue, with about half of arbs bypassing Jito and going directly to validators👇
Source: https://x.com/0xghostlogs/status/1843770831245050159?s=52&t=txFAbiSPTdLLDlAYj9X_AA
omeragoldberg: The True Cost of Election Market Manipulation
> Prediction markets provide insights into political sentiment but are vulnerable to financial manipulation.
> Wealthy individuals or organizations, like political campaigns, can skew market odds by investing heavily in a desired outcome, creating the illusion of growing support.
What if people are just placing large bets tho?
Source: https://x.com/omeragoldberg/status/1843671276595937659?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Memes with Most Mindshare in the Past 7 days
> MOODENG
> POPCAT
> FWOG
> PEPE
> COBY
Source: https://x.com/_kaitoai/status/1843671877203702098?s=46&t=VD0I_WHijwIkI-RsIqpvxA
Particle Network | Beyond UX: dApps On The Need For Chain Abstraction
Discussion with 3 leading projects: THENA, Overtime Markets, and Moonveil about fragmentation to better understand:
> How it affects their respective niches
> How it shapes their experience as dApp creators
> The repercussions that solving it may have on their projects and Web3 as a whole.
Source: https://blog.particle.network/beyond-ux-dapps-on-the-need-for-chain-abstraction/
2077 Research: Wildcat - Undercollateralized Credit Expansion for Fun and Profit 2.0
Wildcat's innovation lies in allowing borrowers to access capital with partial collateral while relying on legal and reputation systems for risk mitigation.
> Wildcat trusts the borrower but verifies through both on-chain and off-chain means.
Source: https://x.com/2077research/status/1843684855483138464?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Wisdom Tree: Why Competition Between Blockchains is Good for Investors
> Solana is fast and cheap, whereas Ethereum has significantly higher TVL.
> Ethereum is a crypto mega-cap, while Solana remains a crypto altcoin quickly catching up.
> Over the coming months, Solana’s price could benefit from this catch-up effect.
Source: https://www.wisdomtree.eu/pl-pl/blog/2024-10-02/why-competition-between-blockchains-is-good-for-investors
NANI, the Onchain Agent OS, Launches on Beta
A stack purpose-built for crypto automations with AI.
Source: https://x.com/nani__ooo/status/1843380941068349604
The FBI Wallet Information Exposed
> Wallet that seeded the FBI wallet deployed capital to multiple other wallets, making dozens of trades.
> FBI wallets own at least 75% of the token supply
> FBI-linked wallets have also recently deposited to Tokenlon, Binance, Zixipay, and HTX.
Source: https://x.com/jconorgrogan/status/1844121150676218100?s=52&t=txFAbiSPTdLLDlAYj9X_AA
The FBI Created a Fake Coin “NexFundAI Token" to Trap the Firms Indicted
“The FBI took the unprecedented step of creating its very own crypto token and company to identify, disrupt, and bring alleged fraudsters to justice.”
Source: https://x.com/tier10k/status/1844106925149126887
Tiger Research: Eliminating Bridging - Particle Network's Vision for Chain Abstraction
Particle Network via its Universal Accounts aims to unify the user experience across multiple blockchains by providing a single account and balance for all chains.
Source: https://reports.tiger-research.com/p/chain-abstraction-particle-network-eng
BuildOnEigen: How Proof-of-Stake Oracles Help Create Trusted Onchain Data
Proof-of-Stake oracles on EigenLayer decentralize data validation by introducing economic incentives, where operators stake ETH and face slashing for bad data.
> This ensures transparency, competition & trust, reducing the monopoly risk in traditional oracles.
Source: https://x.com/buildoneigen/status/1843775919502053640?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Empire: Why Bandwidth is Still Undervalued in Crypto | Logan Jastremski
Discussion:
> Ethereum's solo staker mistake
> The truth about node counts & decentralization
> From kilobytes to gigabytes per second
> Viability of next gen Alt L1s
Source: https://www.youtube.com/watch?v=et6LAgMowdw
ZachXBT Uncovers 11 Wallets tied to Murad, Wants Community to Monitor His Future Activity
> “Murad is promoting microcap meme coins to thousands of followers and that people deserve to know the wallets so they can make informed decisions”
Source: https://x.com/zachxbt/status/1843940648430493906?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Ryan Watkins: Applications Capture Fees, Blockchains Store Value
The age of the applications is upon us, applications on Ethereum and Solana on the verge of flipping their underlying infrastructure in revenue.
> This article discusses what this mean for the future of value capture in the cryptoeconomy
www.syncracy.io/writing/application-fee-capture
Source: https://x.com/RyanWatkins_/status/1843791818640720124
HypurrCo: Go-to Ecosystem Collective of Hyperliquid
TG: /channel/+kQPx4WNpHEk4MmRl
Fomo Hour: Full Interview with Murad
A dive into Murad memecoin thesis
anyone investing in memes might want to look at his thesis and pick 1 or 2 ideas
Source: https://x.com/farokh/status/1843731449419362723
Binance Listing Fee Charges
> Up to 8% of total token supply
> Up to $5M BNB staked as a deposit
> Up to 8% of token supply to Binance users via airdrops or other campaigns (Launchpool)
Source: https://cryptohayes.substack.com/p/pvp
Murad's vs. Ansem's Mindshare this Week
Source: https://x.com/_kaitoai/status/1843625590223462472
Solv Protocol Introduces Staking Abstraction Layer (SAL)
SAL abstracts the complexities of Bitcoin staking, making it easy for BTC holders to access yield while maintaining liquidity and security.
Source: https://x.com/SolvProtocol/status/1843607388181672008
Zaddycoin: HBO Satoshi Reveal = Peter Todd
People skipped towards the end of the doc and discovered the reveal.
Polymarket currently prices Peter Todd as Satoshi, though he wasn’t initially listed on the market.
Source: https://x.com/zaddycoin/status/1843830212854984792
pierarmy_eth: Deep Dive into $BANANA Tokenomics
> Token supply of BananaGun currently at 8.5m with a burn rate that could reduce it to 6.5m in a year
> Only 30% of the total supply is eligible for revenue sharing👇
Source: https://x.com/pierarmy_eth/status/1843652955238748317?s=52&t=txFAbiSPTdLLDlAYj9X_AA