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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
Circle: EURC is Coming to Base
Enabling developers to deliver faster and cheaper commerce with a euro-backed digital currency for global users.
Source: https://www.circle.com/blog/eurc-is-coming-to-base
Goldman Sachs to Launch Three Tokenization Projects By End of Year, Says Digital Assets Chief
Source: https://fortune.com/crypto/2024/07/10/goldman-sachs-launch-tokenization-bitcoin-etfs-crypto-mcdermott/
Punk9059: Quick Thoughts on the Blast Distribution
> The stakes are a lot lower than before.
> Gold can act like credit card points
> Wasabi protocol was added as a 4th PLATINUM project
> 8 NEW projects split 500k gold
> A new category "Prediction Markets" was given the highest rank
> Same ole PLATINUM.
Source: https://x.com/punk9059/status/1810658285541843268?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Ostium’s Deposit Derby: Mainnet Vault is Live
Liquidity Providers can now deposit early into Ostium’s Mainnet Market Making Vault and earn boosted yields. Boost access ends August 1st.
Source: https://x.com/ostiumlabs/status/1811050065311715469?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Symmetric Research: Commodification of Compute
The current landscape of computational resource allocation is characterized by inefficiencies that includes underutilization and price volatility
> This paper introduce Global Compute Exchange (GCX) platform, a groundbreaking solution for the commodification and efficient trading of computational resources.
> By standardizing compute units through Compute Hours (CH) they created a robust framework that ensures fair, transparent, and efficient trading.
Source: https://arxiv.org/pdf/2406.19261
Yashas Naik: Deep Dive Into MoveVM Technology
Key features that set Movement's MoveVM Apart:
> Resource-Oriented Architecture
> Bytecode Verification
> Transaction-as-Script Model
> BlockSTM and Parallel Execution
> Modularity & Interoperability
Source: https://x.com/YashasEdu/status/1810924359831408832?t=YC40Tbo9ib91LUt-rNM8SQ&s=19
0xGumshoe: Potential Growth for Solana: A Hypothetical Analysis
> 1 in every 3 dollars of DEX Volume is transacted on Solana
> SOL is 5 times smaller than ETH by Market Cap
> If we assume ETH tops at $4K
> Also assume SOL closes the gap to being 2.5X smaller than ETH
> It would put SOL at $542, or a 3.76X from current levels
Source: https://x.com/0xgumshoe/status/1810995671131984341?s=52&t=txFAbiSPTdLLDlAYj9X_AA
July 9th~ Rollup
🐚 Research and Ideation 💡
- Gnarleysol: Solana Token Drawdowns Since their 2024 Highs
- Suhail Kakar: Farcaster ELI5
- PREDA: Asynchronous Decomposable Parallel EVMs
- Zeru: What’s Choking the Evolution of DeFi?
- ahboyash: Token Listing Strategy Playbook
- Flashbots: Drawbacks In FHE Blockchain And How TEE Can Help It
- Accelxr: Onchain AI Agents: Architecture, Examples, and Projects to Follow
- Coin98 Analytics: Comparison of Income Statements from Top Blockchains in Q2 2024
- Caseykcaruso: Market Map of Decentralized AI Projects
- Kenton: Pointenomics 101 - Mastering the New Language of Crypto Incentives
- Poetic Technologies: Autonomous TEE Manifesto
- DefiLlama Now Allow Users to Track Narratives
- Jay | Four Pillars: Implications of Story's Design Approach
- Syndicate: The Opportunities and Challenges of L3s
🐚 Project Updates 🔔
- Essential Unveils Their Tech Stack
- Mira Network Introduces Klok: An AI-Powered Co-Pilot for Crypto
- Flashbots Introduces Gas Refund
- Story Network: The World's IP Blockchain
- Up Mobile: Bridging AI and Blockchain with Move
Up Mobile: Bridging AI and Blockchain with Move
By Up Network – Powered by Movement
“Up Mobile is designed to offer a seamless Web3 experience, supported by Movement Labs’ cutting-edge blockchain infrastructure.”
Source: https://x.com/movementlabsxyz/status/1810732828188946575?s=46
Story Network: The World's IP Blockchain
Story L1 enshrines the Proof of Creativity protocol, tokenizing a multi-trillion dollar asset class into Programmable IP legos
> Story allows creators to monetize their IP — their voice, style, likeness — in the age of AI.
Source: https://x.com/StoryProtocol/status/1810705626915647782
Poetic Technologies: Autonomous TEE Manifesto
The manifesto addresses the centralization threats facing the crypto space and then proposes the development of Autonomous Trusted Execution Environments using open-source software and hardware, auditable by the communities they serve.
> They outlined the advantages and issues of current TEEs, then focus on various emerging components of the proposed technology
Source: https://x.com/poetictechug/status/1810280669240533303?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Kenton: Pointenomics 101 - Mastering the New Language of Crypto Incentives
Points have emerged as a powerful tool in the Web3 ecosystem, offering benefits that extend beyond traditional loyalty programs.
> They enable projects to reward loyal power users, bootstrap network effects, and fine-tune their go-to-market strategies in more predictable ways.
> This research provides a primer on points, and a comprehensive overview of pointenomics in Web3.
Source: https://mirror.xyz/kenton.eth/WLQ98TytJgxtdkcTevSlISbUKoFWex5Gw_TcW8u_SaY
Comparison of Income Statements from Top Blockchains in Q2 2024
> Profits: TRON: +$63.04M; BNB Chain: +$4.88M
> Losses: Ethereum: -$424.39M, Bitcoin: -$3.2B; Solana: -$956.63M
Source: https://x.com/Coin98Analytics/status/1810682809272672701?t=6dVf0ST6NFRUO3U3maIqbA&s=19
Flashbots: Drawbacks In FHE Blockchain And How TEE Can Help It
> This post highlights several drawbacks in the current FHE design, like Encryption Validity, Key Security, Computation Validity, and how TEE can be used to improve it across multiple dimensions
> Encryption Validity: To address this issue, we can introduce ZKP during encryption, but can lead to generating a ZKP for each piece of encrypted data.
> An alternative approach is to run the MPC nodes inside a TEE, which can solve both key security and encryption validity issues simultaneously, and with lower computational cost.👇
Source: https://collective.flashbots.net/t/drawbacks-in-fhe-blockchain-and-how-tee-can-help-it/3642
Mira Network Introduces Klok: An AI-Powered Co-Pilot for Crypto
Klok is designed to help you navigate the crypto ecosystem with ease as it offers structured data & AI-driven insights into crypto.
> Klok uses 5+ RAG (retrieval augmented generation) Flows supported by the Mira Flow market, to ensure one have latest info at hand
Source: https://x.com/mira_network/status/1808739191217664374?s=46
imajinl: On Attester Proposer Separation (APS) and the Builder Role
> We need APS because builders can carry out other sophisticated practices that proposers currently carry out because at some given point they have a monopoly on block production, which creates an incentive to play timing games.
> So bundling together the proposer and builder role, among other things, is best for solo validators.
Source: https://x.com/imajinl/status/1810962550898446352?s=46&t=r_3woSQmUWQjMLR8ABGyuA
Starknet, Layer-2 Chain on Ethereum, to Open Staking By End of Year
“If approved by the community, staking could come to the mainnet by the end of 2024”
Source: https://www.coindesk.com/tech/2024/07/10/layer-2-starknet-introduces-staking-proposal-to-its-ecosystem/
QwQiao: Crypto Industry Trends H1 2024
> Ethereum still the dominant ecosystem. Solana is making a comeback after bottoming in H2 2022
> In H1 2024, notably, Base accounts for over 1/4 of startups building on an Ethereum L2.
> An increasing % of startups building infra, DeFi, and AI x crypto, mostly at the expense of NFTs
> In H1 2024 we saw the lowest % ever of startups from the US and Canada, and the highest % ever of startups from Asia and Africa
Source: https://x.com/qwqiao/status/1811023241244238163?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Electric Market Crypto Market Map
Tracks 1,500+ projects in crypto
Organizes projects into 6 tech layers & 137 categories:
> Core Infra
> Scaling
> Interop
> Dev Tools & Services
> Protocols
> Applications
Source: https://x.com/MariaShen/status/1811115391579476324
PropellerSwap: EVIntent - Darkmatter in MEV
> You are vulnerable to EV_Intent regardless of how your chain sequences transactions, or whether you use a private RPC.
> Solutions meant to protect against MEV – like auctions or backrunning RPCs, can expose you more! to EV_Intent.
> One example of EV_Intent is Intent-Sandwiches
> Bots can predict your swap – and sandwich you over multiple blocks.
Source: https://x.com/propellerswap/status/1810991662811824442?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Madrona: The Rise of AI Agent Infrastructure
Today, AI agents are becoming a common interface that end-users encounter and even becoming a core abstraction that developers build upon
Source: https://www.madrona.com/the-rise-of-ai-agent-infrastructure/
Suhail Kakar: Base ELI5
Source: https://x.com/SuhailKakar/status/1810963242216235334
Syndicate: Opportunities and Challenges of L3s
Today's L3s face:
> Centralization risks
> Cross-chain interoperability hurdles
> Economic sustainability concerns
> Despite these challenges, L3s represent a powerful tool for addressing important long-term issues related to scalability, customizability, and community ownership.
Source: https://x.com/syndicateio/status/1810729267145363517
Jay | Four Pillars: : Implications of Story's Design Approach
He discussed:
> Current L1s Are Overly Fixated on Solving the Trilemma Stuff
> Limitations of General-Purpose Blockchains
> The approach of Story as a programmable IP layer going beyond merely democratizing IP assets; offering valuable insights into designing protocol structures that can be practically adopted in the real world.
Source: https://x.com/jaylovespotato/status/1810709864802562446?s=52&t=txFAbiSPTdLLDlAYj9X_AA
DefiLlama Now Allow Users to Track Narratives
https://defillama.com/narrative-tracker
Source: https://x.com/defillama/status/1810724308219470288?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Flashbots Introduces Gas Refund
The Open, Permissionless Alternative to Proprietary Orderflow Deals
> As of July 8th, gas refunds are available on all transactions sent to Flashbots Protect and Builder.
> The refund rule is open source and executed securely in TEEs.
Source: https://x.com/SheaKetsdever/status/1810680518360314190?t=4kEIzNYS4rnnXKAg3wxLtA&s=19
Market Map of Decentralized AI Projects
Source: Twitter | https://www.topology.vc/deai-map
Accelxr: Onchain AI Agents: Architecture, Examples, and Projects to Follow
AI agents are LLM-powered entities able to plan and take actions to execute goals over multiple iterations.
> Agentic architectures are either comprised of a single agent or multiple agents
> Single Agent Architecture: One language model performs all the reasoning, planning, and tool execution
> Multi Agent Architecture: These architectures involve two or more agents, where each agent can utilize the same language model or a set of different language models. 👇
Source: https://x.com/accelxr/status/1808160938970997251
ahboyash: Token Listing Strategy Playbook
High-level guide to help project navigate the murky waters of getting token listed on a major CEX
Broken down into 5 sections:
> Token listing documents
> CEX and market maker negotiations
> Community
> Media coverage
> Misc👇
Source: https://x.com/ahboyash/status/1810303421037285813
Zeru: What’s Choking the Evolution of DeFi?
In current DeFi system, “pure borrowers”, those who receive zero collateral loans are non-existent
> This presents several issues such as capital constraints, risk-prone behavior, and complex user journey for DeFi participants
> This research suggest as DeFi continue to evolve, embracing zero-collateral loans will be key.
Source: zerufinance/whats-choking-the-evolution-of-defi-a930fec12f9b" rel="nofollow">https://medium.com/@zerufinance/whats-choking-the-evolution-of-defi-a930fec12f9b