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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
y77cao: Don't Build an Onchain Game
“I lied. I am not bearish. We are still going to talk about building an onchain game”
> To build a successful onchain game, focus on delivering a fun and unique experience rather than getting obsessed with technical theses.
> Incorporate GameFi elements for community engagement and consider a hybrid approach to balance speed of iteration with onchain benefits.
> If you are just starting, it's crucial to think about who you are building for.
Source: https://x.com/y77cao/status/1812871397586178213?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Zaddycoin: $GSOL (Grayscale Solana Trust) is Trading at Over a 750% Premium
This is like buying SOL @ $1,329.90/share. Bullish?
> Last time it got this high it dropped 50% in march as traders likely cashed out on the unlock period.
Source: https://x.com/zaddycoin/status/1813227027094512043
Christine Kim: What You Need to Know About the Issuance Change Discussions on Ethereum
> ETH holders should expect yields from staking to change drastically in the future.
> None of the proposals mentioned in the report are slated for inclusion in the next immediate Ethereum hard fork, Pectra.
> So far, discussions within the Eth community on changes to issuance has been void of broad consensus
> The contentious nature of this discussion is likely to force increasing ossification of the policies and rewards associated with staking
Full Galaxy Report: https://www.galaxy.com/insights/research/the-risks-and-rewards-of-staking/
Source: https://x.com/christine_dkim/status/1813217442060963925?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Sanctum’s $CLOUD Has Been Minted!
$CLOUD Genesis Mint and Accountability:
> Tokens Minted: 1 Billion
> 300M tokens will be available in the first year
> With 600M tokens available in cold storage.
Source: 🐦Twitter | https://learn.sanctum.so/blog/usdcloud-genesis-mint-and-accountability
Introducing the Next Generation of AutoGPT
> It's open-source and currently in pre-alpha
> The aim is making it easier than ever to build, run & share AI agents, whilst increasing their reliability
> Video below shows how you can build and use a Reddit Marketing Agent with their new system👇
Source: https://x.com/siggravitas/status/1812803289739633018?s=52&t=txFAbiSPTdLLDlAYj9X_AA
update:
https://x.com/lifiprotocol/status/1813207291778215955?s=46&t=txFAbiSPTdLLDlAYj9X_AA
DePlan Launches Marketplace Where Users Can Sell Underutilized Hours of their Subscriptions to Let Others Use them via Pay-As-You-Go
with DePlan, you can let others 'rent' apps you subscribed for and get a kind of cash-back
Source: https://x.com/DePlan_xyz/status/1811478738988564723
Mt. Gox Moved 44,527 BTC(2.84B) To An Internal Wallet Ahead of Anticipated Payouts
Source: https://x.com/lookonchain/status/1813103427863650726
Suhail Kakar: Livepeer ELI5
Source: https://x.com/SuhailKakar/status/1812757016206844025
On-Chain Ecosystems - Evolution of Consumer Application on Blockchains
> A look at the pioneering role of stablecoins in tokenizing financial value on the blockchain
> How DeFi protocols tokenizes more complex forms of value in a composable manner
> How DeFi protocols have been able to adapt to unpredictable security risks, persistent regulatory hostility from government, maintain a competitive advantage, and more
Crypto Friendly JD Vance picked as Trump’s VP
Trump: “I have decided that the person best suited to assume the position of Vice President of the United States is Senator J.D. Vance of the Great State of Ohio.”
Source: https://velodata.app/news
New A16z Investment Thesis: AI Scribes
“Imagine if you had a superhuman assistant that listened to your conversations, took perfect notes, and flagged follow-ups.”
> AI makes scribes accessible + affordable to everyone, and extends the role beyond what a human could do.
Examples include:
> Freed AI - does SOAP notes for doctors
> Scribenote - an AI assistant for vets.
> Rilla - a sales coach for in-person meetings👇
Source: https://x.com/omooretweets/status/1812878684182942144
Tom Wan: $3B Tokenized US Treasuries by the End of 2024?
“We are seeing a trend of DeFi Project's DAO diversifying their treasury to RWAs, including stablecoins and Tokenized US Treasuries.”
> DAO is starting to include yield-bearing products like BUIDL, USTB, USDY, and USDM in its treasury
> Arbitrum allocating $27M, MakerDAO with $1B
> Securitize and Blackrock are also promoting access to US treasury yields on blockchain
> The market cap for tokenized US Treasuries is projected to exceed $3B by the end of 2024.
Source: https://x.com/tomwanhh/status/1812844223277707526?s=52&t=txFAbiSPTdLLDlAYj9X_AA
0xtommy_eth: Reflection of the Current State of Industry (VC, Builders, and Market Makers)
> "We like consumer, but the deals we closed this year are 90% infra"
> VC losing appetite to invest in high FDV early rounds
> Narrative that didn't pick up as expected get rebranded into something new.
> Not all narratives are "investable"
> Market maker is not care free
> Catalyst for the market (ETF, election, interest rate)
Source: https://x.com/0xtommy_eth/status/1812710451031232910
Nally: The Trustless Economy - Understanding Ethereum
Explaining how game theory, microeconomics, and decentralization led to Ethereum changing the financial system as we know it
Source: https://moneyverse.beehiiv.com/p/trustless-economy-understanding-ethereum?__cf_chl_rt_tk=OpPXXX4ERSvctuLpJHsSRbz7vySKP_wQmpYXOH4U.Mk-1721026287-0.0.1.1-4223
Moic Digital: Jupiter is Dominating the Perps Industry
> Jupiter has established itself as the go-to DeFi protocol in the Solana eco with its DEX aggregator
> Adding a unique perp exchange to its offerings, it continues to dominate transaction vol on Solana.
> This piece explain the strategy that led Jupiter to dominate the DeFi scene on Solana completely. 👇
Source: https://x.com/moic_digital/status/1813183256608534636?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Ryan Y Yi: ELI5 - L3s
L3s are app-chains that settle to an underlying L2
> Builders that want to experiment and customize their apps, and align with an L2 for distribution, are now opting to build L3s
Source: https://x.com/yiryan/status/1813197096649949232?t=w19IUulePVg6gYIEu2c_5A&s=19
Retentionjunkie: New Pump Fun Rug Method
On bubblemaps, these coins will appear completely ordinary with no dodgy connections between wallets or large supply held by one individual.
> When it's time too pull the plug they combine all supply together into one wallet and begin nuking
> Example is $NOFEAR which was shilled by a couple KOLs who couldn't even sense it was scam
> How it works & how to spot it, some of the redflags, and how they avoid Bubblemaps👇
Source: https://x.com/retentionjunkie/status/1812973750201295257
Pavel Paramonov: Layer 1s Landscape
Source: https://x.com/paramonoww/status/1813153723679666455
July 15th~ Rollup
🐚 Research and Ideation 💡
- Tom Wan: $3B Tokenized US Treasuries by the End of 2024?
- Olivia Moore: New A16z Investment Thesis: AI Scribes
- knower: Does MegaETH Work?
- The Block: On-Chain Ecosystems - Evolution of Consumer Application on Blockchains
- 0XSMAC: Token Launches Are Rekt But They Don't Have To Be
- Suhail Kakar: Livepeer ELI5
- Omeragoldberg: How Many Web3 Users are Real?
🐚 News 📕
- Crypto Friendly JD Vance picked as Trump’s VP
- Eric Balchunas: Ethereum Spot ETF's to Launch Tuesday 23rd
🐚 Project Updates 🔔
- Uniswap Labs x Across Propose a New Standard for Cross-Chain Intents - ERC-7683
- DePlan Launches Marketplace Where Users Can Sell Underutilized Hours of their Subscriptions
🚨Li Fi Protocol Currently Being Exploited🚨
“Please do not interact with any LI FI powered applications for now”
“If you did not set infinite approval, you are not at risk”
Source: https://x.com/lifiprotocol/status/1813196697641570635?s=46&t=tUq3rRSn2-2RltYv-PcsUA
Suhail Kakar: Aave ELI5
Source: https://x.com/SuhailKakar/status/1813132554582561058?t=rlfxdd6-tN9B7zzS7oagyQ&s=19
Omeragoldberg: How Many Web3 Users are Real?
He discusses the evolving challenges in defining authentic/real usage in the context of AI-driven interactions and its implications for UX design and incentive structures
> Chaos labs has developed a Sybil Detection Platform to enhance their risk models by identifying wallet & whale concentration across applications, useful across DeFi and social apps.
> He urges crypto teams to analyze user behaviors to gain insights and optimize strategies
Source: https://x.com/omeragoldberg/status/1812998166779941234?s=52&t=txFAbiSPTdLLDlAYj9X_AA
0XSMAC: Token Launches Are Rekt But They Don't Have To Be
Compound VC are co-hosting an Ideathon with Asylum ventures in NYC focused on novel ways to redesign token incentivization, distribution, and unlocks.
> They’ll choose 5-8 of the best ideas to present at an IRL event full of builders, operators, researchers, investors and others in the crypto space.
> More info below on how to submit proposal
Source: https://0xsmac.substack.com/p/token-launches-are-rekt-but-they?r=aaog1&utm_medium=ios&triedRedirect=true
Eric Balchunas: Ethereum Spot ETF's to Launch Tuesday 23rd
“Hearing SEC finally gotten back to issuers today, asking them to return FINAL S-1s on Wed (incl fees) and then request effectiveness on Monday after close for a TUESDAY 7/23 LAUNCH”
Source: https://x.com/EricBalchunas/status/1812930206933655759
knower: Does MegaETH Work?
Some Thoughts on MegaETH and its Whitepaper
MegaETH is an EVM-compatible blockchain that brings Web2-level real-time performance to the crypto world for the first time
> It uses EigenDA to handle data availability
> It is capable of storing an entire blockchain’s state due to an abundance of RAM, with the exact number for Ethereum being 100GB👇
Source: https://theknower.substack.com/p/does-megaeth-work?r=12gkrb&utm_campaign=post&utm_medium=web&triedRedirect=true
Uniswap Labs and Across Propose a New Standard for Cross-Chain Intents - ERC-7683
This new standard proposes that all cross-chain intents follow the same order structure
> Solves fragmentation via a universal filler network
Source: https://x.com/uniswap/status/1812847835693342996?s=52&t=txFAbiSPTdLLDlAYj9X_AA
July 14th~ Rollup
🐚 Research and Ideation 💡
- Cryptobanking: Lending and Stablecoins
- Tamagucci: Telegram - A Faux Narrative or What
- Nally: The Trustless Economy - Understanding Ethereum
- Coin98Analytics: Layer 2 Rollups Landscape Over the Years
- 0xtommy_eth: Reflection of the Current State of Industry (VC, Builders, and MM)
Layer 2 Rollups Landscape Over the Years
Source: https://x.com/Coin98Analytics/status/1812792890269261907
Tamagucci: Telegram - A Faux Narrative or What
With the popular Telegram’s Tap-to-Earn, users and gamers can play games via Telegram, tap away on their screens, and earn coins that convert to project tokens after the TGE.
> Is Telegram the new distribution platform, a reskinned bot farm, or simply a faux narrative?
> This piece explores these questions. A general overview of Telegram and the TON blockchain
Source: https://x.com/bryantamagucci/status/1810315119475474576?s=46&t=2q9OLMlaobNlHLewOXT4uA