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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
Solana's Stablecoin Supply has Increased by 156% YoY, and Here Are the Factors Behind it:
> Increase in DeFi Opportunities
> Top-Tier GTM by Kamino of PYUSD
> Expansion of Top Projects on Ethereum, Ondo Finance and Ethena labs
Source: https://x.com/tomwanhh/status/1821944879607361969
A New Financial Model for App Tokens: How to Generate Cash Flows
App token business models should be expressive as their underlying software.
> Introducing cash flows for app tokens — an approach that enables apps to create permissive, flexible models & users to pick and choose how they are rewarded for the value they provide
Source: https://a16zcrypto.com/posts/article/application-tokens-economic-model-cash-flows/
$MOTHER Perpetual Contract Now Live on Bybit
Source: https://x.com/IGGYAZALEA/status/1821923978014851556
Dephi Digital | API3: The State of OEV
Oracle Extractible Value (OEV) is MEV centered around an oracle price update, mostly relating to liquidations on lending protocols & frontrunning/backrunning on perps protocols
> In this report, the API3 team presents some data on the state of OEV market and compare some OEV solutions put forward by API3, UMA and Pyth.
Source: https://members.delphidigital.io/reports/api3-the-state-of-oev#in-search-of-oev-6e28
Resources on Fully Homographic Encryption (FHE)
> Conference Resources
> Tutorials and Walkthroughs
> Use Cases and Demos
> Research
> Influential Papers
> Libraries, Courses, and more
Source: https://fhe.org/resources/
Alpha Hub Telegram Channel Folder 📁
Culmination of traders, Alpha, and Research
DYOR on listed channels
/channel/addlist/g__5E0HNNatjNWUy
The Blockrunch Podcast: How We Survive Bull and Bear Markets in Crypto
Jason & Darryl, prop investors at Tangent, discuss:
> H1 2024 review
> How to develop edge as an investor
> Bull/bear inflection analysis
> How to conduct conviction reviews
> ETH ETF post-launch
> Verticals, and more
Source: https://www.youtube.com/watch?v=nNXBh0XaZRM
Switchboard to be the First Protocol to Support the Jito (Re)staking Platform
This partnership will make Switchboard’s Oracle network more secure, versatile, and customized.
> Faster performance with apps running quicker and smoother, better liquidity & composability of assets, and more
Source: https://x.com/switchboardxyz/status/1821607822603513994?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bell Curve: Restaking’s Impact on the Future of Crypto
Season 8 recap with discussion on:
> Eigenlayer & StakeSure
> Restaking's use cases
> Will restaking be considered a success in the future? And more.
Source: https://www.youtube.com/watch?v=bBLYG6qvxCQ
Coinbase Assets Has Added Across Protocol (ACX) to its Roadmap
Source: https://x.com/CoinbaseAssets/status/1821660171254268064
0xResearch: What Went Wrong with Multichain Crypto
Guest: Stan & Zon - Founders of Initia
> The complexities of crosschain interactions
> Initia's "Vested Interest Program”
> UX hurdles hindering the promise of interwoven rollups, and more
Source: https://www.youtube.com/watch?v=V7zBeCqbSUs
Archetype | Solana Day: Technical Intro to Solana by Andrew Hong
He discussed how to read a block explorer:
> Breaking Down the Explorer
> Instructions and Compute
> Tokens and Accounts
> Programs and Storage
> Mapping Key Projects
> Solana Data Tools and Resources
Source: https://x.com/archetypevc/status/1821229014906016014?s=52&t=txFAbiSPTdLLDlAYj9X_AA
The Fed Said it Found “Significant Deficiencies” in the Risk Management Practices at Customers Bank
The Fed and Customers Bank filed a written agreement on Thursday with a plan to disclose operations and crypto risk exposure
Source: https://x.com/blockworks_/status/1821584938250146132?s=52&t=txFAbiSPTdLLDlAYj9X_AA
August 7th~ Rollup
🐚 Research and Ideation 💡
- Shoal Research: Particle Network - The Chain Abstraction Layer
- Michael Dempsey: The Venturification of Research & The Resulting Prisoner’s Dilemma
- Jonah: Thoughts on Jump Supposedly Leaving Crypto
- Cornergirl999: Token Migration 101
- 0xPass - Architecture and Decentralization Plan (paper)
- Staphwriter: Tim Walz's Finances (Per Dan Primack Newsletter)
- Spectral: How to Build an AI Agent To Short ETH Using Spectral Syntax V2
- Ryanqyz: What Happened in the Blockchain Industry
- Polymarket: Harris Ties with Trump After Flipping Him for the First Time Earlier
- MLDzmnG: A Deep Dive Into Autonolas Protocol
- 0xPARC: Programmable Cryptography (Part 1)
- CoW AMM: The Next Frontier of AMM Innovation
🐚 News 📕
- Michael Saylor Says He Personally Owns More Than $1B in Bitcoin: BBG
🐚 Project Updates 🔔
- Ethena USDe is Now Live on Solana
- Binance Labs Invests in Solayer to Drive the Solana Restaking Ecosystem Forward
- Grayscale Launches New Crypto Investment Trusts for SUI and TAO
- Nillion Teams Up with Ritual for Decentralized Blind AI Inference Technology
- Pacmoon $PAC is Leaving Blast, Becoming $ARMY On Solana
0xPARC: Programmable Cryptography (Part 1)
Programmable Cryptography is a “2nd generation" of cryptographic primitives, which allow arbitrary programs to be executed "inside of" or "on top of" cryptographic objects.
> This piece discuss what makes these primitives so powerful, and how might they reshape the Internet in the next 1-2 decades
Source: https://0xparc.org/blog/programmable-cryptography-1
knwang: Chain Abstraction (CA), Intents, and Intent Abstraction (IA)
Chain Abstraction and Intent-Centric solutions are two architectural approaches aimed at solving the same fundamental problem:
> Achieving automated asynchronous interoperability across heterogeneous trust domains.
> “If Chain Abstraction serves as a heterogeneous domain execution abstraction for users, then Intent Abstraction serves as a heterogeneous proof obligation abstraction for solvers”
Source: https://x.com/knwang/status/1821933423818146017?s=46&t=02igJRMsf-GavP6FNhILXA
Skate Introduces the First Stateless App Across 20+ Chains
A significant shift from the traditional, siloed applications approach, and a major step towards eliminating application fragmentation.
Source: https://skatechain.medium.com/skate-introduces-the-first-stateless-app-across-20-chains-55d37ff0e3e4
The Rollup: Chain Abstraction Market Map
80+ projects unifying the modular ecosystem
Source: https://x.com/therollupco/status/1821909421967970649
August 8th~ Rollup
⚡️ Shoal Alpha Strategies
- Alpha Hub Telegram Channel Folder
🐚 Research and Ideation 💡
- Kairos Research: BTC and ETH ETF Flows
- Archetype | Solana Day: Parcl by Trevor Bacon
- Archetype | Solana Day: Technical Intro to Solana by Andrew Hong
- 0xResearch: What Went Wrong with Multichain Crypto
- Bell Curve: Restaking’s Impact on the Future of Crypto
- Blockworks: Chainlink - The RWA Infrastructure Platform
- The Blockrunch Podcast: How We Survive Bull and Bear Markets in Crypto
- FHE: Resources on Fully Homographic Encryption (FHE)
- Grayscale: Market Byte - Late Summer Storms
🐚 News 📕
- The Fed Said it Found “Significant Deficiencies” in the Risk Management Practices at Customers Bank
- Putin Signs Law on Legalizing Cryptocurrency Mining in Russia
🐚 Project Updates 🔔
- Binance Lists $TON
- Polymarket Had the Highest Volume Day in Prediction Market History on Aug 6th
- Introducing Commonware
- Coinbase Assets Has Added Across Protocol (ACX) to its Roadmap
- Coinbase Assets Has Added Zetachain (ZETACHAIN) to its Roadmap
- Switchboard to be the First Protocol to Support the Jito (Re)staking Platform
- Pumpdotfun Makes Coin Creation Free
Grayscale: Market Byte - Late Summer Storms
Crypto valuations declined at the start of August, amid worries about the U.S. economic outlook and broader financial market volatility.
> Ethereum underperformed, potentially due to elevated futures market positioning and selling from a few large holders.
> If the U.S. economy remains on a path to a “soft landing” Grayscale Research expects token valuations to rebound.👇
Source: https://www.grayscale.com/research/market-commentary/market-byte-late-summer-storms
Pumpdotfun Makes Coin Creation Free
Offers coin creators 0.5 $SOL when their coin completes its Bonding Curve (In Beta)
Source: https://x.com/pumpdotfun/status/1821699366630879383
Blockworks: Chainlink - The RWA Infrastructure Platform
The Chainlink Platform provides a host of services necessary for RWA adoption, including cross-chain interoperability (CCIP), data, onchain identity (DECO), and more
> Surpassing $3B in value excluding stablecoins, the space has seen significant growth in 2024 and is estimated to be as large as $16T by 2030.
Source: https://x.com/blockworksres/status/1821573540971471301?s=46&t=2q9OLMlaobNlHLewOXT4uA
Putin Signs Law on Legalizing Cryptocurrency Mining in Russia
Only Russian legal entities and individual entrepreneurs included in a register will have the right to mine
Source: https://tass.com/economy/1826725
Coinbase Assets Has Added Zetachain (ZETACHAIN) to its Roadmap
Source: https://x.com/CoinbaseAssets/status/1821671896179454439?t=7cqNZXkXiQa_GeRKvaRSxg&s=19
Introducing Commonware
Commonware is building an open, Rust-based blockchain framework architected for excessive throughput, tractable modification, and embedded interoperability.
> Commonware has today took the first step towards launching the Commonware Framework p2p, their first primitive available (in ALPHA)
https://docs.rs/commonware-p2p/latest/commonware_p2p/
Source: https://x.com/_patrickogrady/status/1821607372424671415?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Yesterday Polymarket Had the Highest Volume Day in Prediction Market History
Source: https://x.com/polymarket/status/1821246991621615759?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Archetype | Solana Day: Parcl by Trevor Bacon
He discussed:
> Parcl Ecosystem Overview
> Why Solana
> Challenges faced and why Parcl didn’t leave
> Key considerations for building in solana
Source: https://x.com/archetypevc/status/1821229017456153028?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Kairos Research: BTC and ETH ETF Flows
> BlackRock now has 340k BTC worth roughly $19.5bn, and Fidelity has 193k BTC worth $11.2bn
> In only 11 trading days, ETH ETFs have seen net inflows of -$132k due to Grayscale ETHE outflows
> BlackRock's ETHA has accumulated 260k ETH ($634m), Fidelity with inflow of 105k ETH ($256m)
Source: https://x.com/kairos_res/status/1821561128364740949?s=46&t=2q9OLMlaobNlHLewOXT4uA
CoW AMM: The Next Frontier of AMM Innovation
CoW AMM is a special kind of automated market maker designed to help liquidity providers capture MEV from arbitrageurs, rather than swap fees
> CoW AMM is set to integrate into Balancer front-end with its own dedicated pool page offering a streamlined UX experience for users
Source: https://medium.com/balancer-protocol/cow-amm-the-next-frontier-of-amm-innovation-1718842ad066
Binance Will List $TON and Open Spot Trading at 10:00 UTC Today
⏰10:00 (UTC)
Source: https://x.com/binance/status/1821424103858798856?s=52&t=txFAbiSPTdLLDlAYj9X_AA