-
Decentralized Capital Markets Research & Articles: www.shoal.gg Twitter: https://twitter.com/Shoalresearch TG link: https://t.me/shoalresearch Website: Shoalresearch.xyz
Stacy Muur: Summary of Delphi Digital’s “A TON of Gaming" Report
> In Q2 2024, the TON ecosystem has dominated the Web3 gaming scene
> NOT opened at $1B+ FDV without any VC backing
> Hamster kombat amassed 140M+ registered users in just 77 days
> Telegram potentially now holds the largest database of Web2.5 users, becoming a primary distribution channel for major crypto markets👇
Source: Full Report | https://x.com/stacy_muur/status/1815399685093519731
ArXiv: Who Wins Ethereum Block Building Auctions and Why?
This paper identified features that play a significant role in builders' ability to win blocks & earn profits by conducting a comprehensive empirical analysis of MEV-Boost auctions over a six-month period
This data work shows that:
> Builders block market share a positive correlation with order flow diversity
> Positive correlation b/w market share & profit- features like exclusive signal, non-atomic arb, tg bot flow
https://arxiv.org/abs/2407.13931
Souce: https://x.com/0x_emperor/status/1815282416346701916
BONKbot Reveals Interesting things are Coming
“everything we've been building in stealth is about to be revealed”
Source: https://x.com/bonkbot_io/status/1815387550137110606
MagicSpend: Base’s Latest Chain Abstraction Product
MagicSpend allows users to spend their Coinbase balance onchain, anywhere
> You can open your Coinbase app and if you have $100 in USDC custodied on their platform you can use that: anywhere. onchain. instantly.
Source: https://x.com/0xASK/status/1815376019953537137
DOGS: Airdrop for Telegram Users
/channel/dogshouse_bot/join?startapp=D3GI6PBpQ9-MT3vbRkuQkg
EugeneAVM: Berachain Consumer Ecosystem
Categorized into:
> Non-DeFi Consumer Apps
> DeFi Consumer Apps
> DeFi B2B2C / Hybrid Apps
> Non-Defi B2B2C / Hybrid Apps
> Non-applications projects like Nfts not included
Source: https://x.com/EugeneAVM/status/1815324440324186381
Superstate Introduces the Superstate Crypto Carry Fund (USCC)
USCC provides convenient exposure to the crypto cash & carry trade for qualified purchasers, with ownership represented in both tokenized and book-entry shares
Source: https://x.com/superstatefunds/status/1815408038628483486
Doubler: A Crypto Native DeFi Protocol Tailored for Turbulent Cycles
Doubler is a yield-right separation protocol that leverages a generalized Martingale strategy to realize “buy low sell high” and enhance overall win rates while offering higher odds for risk-tolerant users.
> It provides users of USD-based investment with a strategy that has lower risk & more flexibility but same excess return as call options & long leverage
Source: youbi_capital/doubler-a-crypto-native-defi-protocol-tailored-for-turbulent-cycles-1a5977615657" rel="nofollow">https://medium.com/@youbi_capital/doubler-a-crypto-native-defi-protocol-tailored-for-turbulent-cycles-1a5977615657
July 21st~ Rollup
🐚 Research and Ideation 💡
- Poopman: Preview of Upcoming Restaking Ecosystem Map
- Imran Khan: Apple Has Been More Supportive of Crypto Consumer Products Than Google
- Scottie Pippen: ETHEREUM or SOLANA?
- Token Terminal podcast: Interview with Pantera about TON
- Stanley He: From Self-Sequencing to Preconfirmation
- GoodGame Roundup: Trump Assassination Attempt & The Crypto Market
- Binance Research: Half-Year Report 2024
- David Wong: They're all SNARKs
- ABCDE: The Lego Path of Bitcoin: Modular Transformation of the Cryptocurrency Giant
- Pluralis Research: Decentralized Training Looms
🐚 News 📕
- Joe Biden Officially Drops Out of the 2024 Presidential Race
🐚 Project Updates 🔔
- Degenerator.Wtf: Powering The Memecoin Supercycle on Etherlink
- OverUnder: A Platform for Real-Time Wagering on Live Twitch Streams, Exclusively on Berachain
OverUnder: A Platform for Real-Time Wagering on Live Twitch Streams, Exclusively on Berachain
“Cooking up the next moonshot casino”
> Place bets on your favorite streamers playing games like Fortnite, Warzone, LoL, and Chess
Source: https://x.com/playwithOU/status/1814840683947303391
David Wong: They're all SNARKs
Using the almost-standardized categorization between the different schemes is like:
> KZG (used in Groth16 and Plonk): called a SNARK
> FRI (used in STARKs): called a STARK
> Bulletproof (used in kimchi): can we call it a NARK?
> People are using all 3 schemes because they are all dope & fast(er) than running the program yourself
> “Since SNARK has become the main term for general-purpose zero-knowledge proofs, let's stick to it”
Source: https://www.cryptologie.net/article/617/theyre-all-snarks/
GoodGame Roundup: Trump Assassination Attempt & The Crypto Market
This episode covers:
> Trump's Impact on Crypto
> Who is JD Vance?
> Future of ICOs and Venture Capital
> Warpcast as a Hero Product
> Farcaster Developer Alignment
> Growth of Alternative Tech
> Onchain Games & Autonomous Worlds
> State of zkEVMs, and more
Source: https://open.spotify.com/episode/7gjCzbBHJqJ2BoCejoaHtS?si=_n4MLw6HTaW-nExDC_uZ_A&nd=1&dlsi=ef44e5742b7b40e6
Token Terminal podcast: Interview with Pantera about TON
Guest: Cosmo Jiang, Portfolio Manager at Pantera
Discussing their largest investment ever into TON
Source: https://open.spotify.com/episode/2gFGOajabiGCpxSDNOLhpt?si=g1AHWQjuQhyfIEDCai3K8A&context=spotify%3Ashow%3A4rMcF8FxyTVPLXF7osEfYq&nd=1&dlsi=5c50c9d29fe841b5
Degenerator.Wtf: Powering The Memecoin Supercycle on Etherlink
Etherlink is Tezos’s first EVM-compatible rollup
> Degeneratordotwtf provides a user-friendly interface where users can create their own memecoins with just a few clicks
> It aims to tokenize attention on Etherlink with deep integrations across the other applications to create a Sustainable MemecoinFi Economy.
Source: degenerator/powering-the-memecoin-supercycle" rel="nofollow">https://paragraph.xyz/@degenerator/powering-the-memecoin-supercycle
Imran Khan: Apple Has Been More Supportive of Crypto Consumer Products Than Google
“The process with Google is frustrating”
> Teams go through the submission process, get denied, appeal, and are rejected again
> This creates a vicious cycle that prevents founders from getting their products to the masses
> If Google does not address this issue, there may be rise of alternative operating systems and phones,
> Example include Saga by Solana and Jambo's Phone, gaining traction over time.
Source: https://x.com/lmrankhan/status/1814340960933003753?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Spartan Group: Cross-Chain Interoperability: LayerZero
LayerZero is a pioneering trust minimized omnichain interoperability protocol that enables direct, cross-chain message passing without the need for intermediaries.
This post covers:
> The evolution and coexistence of multiple blockchains and the challenge of secure cross-chain bridges
> LayerZero's trust-minimized omnichain interoperability protocol
> The competitive landscape and market share of LayerZero, Wormhole, and Axelar in cross-chain interoperability
Source: https://www.spartangroup.io/insights/cross-chain-interoperability-layerzero
Modular Summit: MEV in 2025
Presented by: Shea Ketsdever @ Flashbots
“With TEEs, we can safely unify a central function in one place, this is both more efficient and decentralized, and you might even call it a single-unified auction for value expression”
She discussed:
> MEV trilemma
> Why TEEs can solve this trilemma
> How TEEs can upgrade the MEV supply chain..
Source: https://x.com/modular_summit/status/1814691847853515107
Asxn: Chain Abstraction Landscape
Chain abstraction aims to provide a user experience exempt from the manual processes required to interact with multiple chains
This piece covers:
> The proliferation of modular architecture and how its lead to fragmentation in liquidity and users.
> Comprehensive solutions aiming to mitigate the friction caused by the rise of rollups & appchains
> A look at component solutions such as intent networks, account abstraction and AI agents.
Source: https://x.com/asxn_r/status/1815503378920718816
Eric Balchunas: SEC Approves Spot Ethereum ETF Trading for Tomorrow
“all systems go for tomorrow’s 930am launch”
“The web pages live as well”
Source: https://x.com/EricBalchunas/status/1815489137484722333?t=aC-iySCjqptlXc_VxTtiBA&s=19
AI Value Chain Simplified with Heurist AI Founder
Summary:
> Data: The secret ingredient of AI
> Data Preprocessing
> Model & Model Training
> Compute
> Inference
> Application
https://www.youtube.com/watch?v=qz2RLmGMIq4
Source: https://x.com/cathnivore/status/1814666467637665959?s=46&t=688u-NOnomXFDD5RVZ-5HQ
Pocket Universe Has Detected a Hack on KelpDAO's Official Website
Please be careful
Source: https://x.com/pocketuniversez/status/1815431641424335109?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Correlation Between App Opinionation and PMF
Source: https://x.com/0xBreadguy/status/1815412886404989402
Lawrence: Polymarket, or How I Learnt to Love Drama
“Prediction markets serve as an important source of data, and arguably is the closest source of truth”
> From sports to entertainment, betting has always captivated humanity. No other crypto app has captured this mindshare as much as Polymarket
> This piece discuss the history of prediction market, moving from Augur (pioneer in crypto prediction markets) to birth of Polymarket, the evolution and success of polymarket, and more
Source: https://excelmaxi.substack.com/p/polymarket-or-how-i-learnt-to-love
Pluralis Research: Decentralized Training Looms
Decentralized training is the creation of foundation models over loosely-connected, heterogenous swarms of consumer-grade compute
> Collaborative Training of foundation models is closer to actualization than broadly understood.
> The popular view that low bandwidth node-to-node connections render this infeasible is incorrect.
> This post discuss the technical arguments against decentralized training in a volunteer setting.
Source: https://pluralisresearch.substack.com/p/decentralized-ai-looms?triedRedirect=true
ABCDE: The Lego Path of Bitcoin: Modular Transformation of the Cryptocurrency Giant
Bitcoin’s modular transformation addresses scalability and functionality issues, allowing for innovative developments like:
> Chakra’s high-performance settlement layer
> Nubit’s native Bitcoin data availability
> UTXO Stack’s Layer 2 solutions, and more
> These advancements enhance transaction efficiency, interoperability, and DeFi potential while maintaining Bitcoin’s security and stability
Source: ABCDE.com/the-lego-path-of-bitcoin-modular-transformation-of-the-cryptocurrency-giant-91ed0d755e9b" rel="nofollow">https://medium.com/@ABCDE.com/the-lego-path-of-bitcoin-modular-transformation-of-the-cryptocurrency-giant-91ed0d755e9b
Binance Research: Half-Year Report 2024
This report covers:
> Latest in Bitcoin: Halving, Runes, U.S. spot ETFs
> Major L1s: deep dives into Eth, BNB, and Solana.
> Key highlights for Avalanche, Cosmos, TON..
> L2 landscape: optimistic and ZK rollups
> DeFi, Stablecoins, NFTs, SocialFi, and Gaming
> Thematic update on memecoins, AI, and DePIN
> Key themes to monitor for the 2nd half of this yr
Source: Twitter post | https://www.binance.com/en/research/analysis/half-year-report-2024
Stanley He: From Self-Sequencing to Preconfirmation
> Self-sequenced dapps are partial block builders.
> Its problem is that the higher value its bundle has, the stronger certainty it requires on inclusion.
> Such a problem can only be solved by preconfirmation.
> Proposers are willing to solve it for dapps because it brings higher revenue
> Preconfirmation unlocks sophisticated use of Ethereum's state,
> It drives towards a more integrated, monolithic Ethereum
https://lu-ban.notion.site/From-Self-sequencing-to-Preconfirmation-7fc4233f3a41430e91fcd778acea88d3
Source: https://x.com/lu_ban_/status/1815032966109905277?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Breaking: Joe Biden Officially Drops Out of the 2024 Presidential Race
Source: https://x.com/joebiden/status/1815080881981190320?s=46&t=txFAbiSPTdLLDlAYj9X_AA
Scottie Pippen: ETHEREUM or SOLANA?
Source: https://x.com/scottiepippen/status/1814810549169099133?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Preview of Upcoming Restaking Ecosystem Map
Source: https://x.com/poopmandefi/status/1814961756453945482?s=52&t=txFAbiSPTdLLDlAYj9X_AA