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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
Worst Performers YTD Among Large Caps
> $MATIC : -56%
> $LDO : -60%
> $OP : -62%
> $ARB : -63%
> $DYDX : -65%
Source: Crypto Narratives
Pumpdotfun in the Last 24hrs
> 16,357 tokens launched.
> 175 made it to Raydium.
> 19 remain above the 69k market cap.
> From launch to profitable graduation that’s 0.12%
Source: https://x.com/adam_tehc/status/1822411899843047651?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Artemis Weekly Wrap-up (8/10/2024)
> Ripple Labs ordered to pay $125 million in settlement with the SEC
> Celsius sues Tether for $2.4 billion (Tether)
> SEC subpoenas three crypto VCs
> pumpdotfun making creating coins completely free
> DeFi remains resilient during major market downturn and volatility
> Factors at play that led to the crypto market’s nearly 20% selloff.
> Jupiter governance votes on major tokenomics change👇
Source: https://research.artemis.xyz/p/artemis-weekly-wrap-up-8102024
ASXN: Polymarket - An Election-Driven Success Story
A report on Polymarket discussing:
> The rise of betting culture and increased accessibility as a prelude to Polymarket's success
> How Polymarket captured market share through CT-native growth, also by offering users the ability to trade binary outcomes as continuous variables and offering markets for absurd outcomes, & more
Source: https://newsletter.asxn.xyz/p/polymarket-an-election-driven-success?r=aaog1&utm_medium=ios&triedRedirect=true
Empire: Are We Actually in a New Cycle W/ Pranav
Discussion:
> What is performing this cycle
> Potential hidden leverage
> Impact of U.S. presidential election
> Evolution of dApp token economics, and more
Source: https://open.spotify.com/episode/0AiR8iJJOGECxkcXHDEOuZ?si=_LIzGE3oS_C6Yl9A9Vf-Mw&context=spotify%3Ashow%3A4UTePv1CR3APdKOiosR3Iq&nd=1&dlsi=6c1497f6957a46e8
Empire: Mastering the Psychology of Crypto Cycles
Guest: David Kalk of Reflexive Capital & Jeff Park of Bitwise. They explore:
> Market reflexivity in crypto
> Managing psychological edge
> Liquid vs. venture approaches
> Outperforming in market cycles
Source: https://open.spotify.com/episode/6YwzhngGZZQkybLtShJaa9?si=T_2lQ6uWQh6rPEcXdFDA6g&nd=1&dlsi=989207dbe7f346b8
Sector Performance Watchlist (Open-Sourced)
Curated by Kyle, Powered by Artemis
https://docs.google.com/spreadsheets/d/1gv_OXNNfNy5VgperVOW2m-XsCH2qCqi5tYNypb3hYbk/edit?gid=0#gid=0
Source: https://x.com/0xkyle__/status/1821931638659428822
Kelp DAO Introduces “Gain” - Bringing Boosted Rewards from Multiple L2s
Launching on August 13
Source: https://x.com/KelpDAO/status/1820834677025919427
Two Large US Carriers Have Initiated Tests to Offload Their Traffic Onto Helium Mobile Network
Source: https://x.com/helium/status/1821968144422072814
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
a16z: Token Rights in Term Sheets: How to Avoid Predatory Deals
> Founders should beware of granting investors fixed, non-dilutable token interests
> Founders should beware of short lockups
> Founders should beware of unqualified approval rights over token issuances
> Prioritizing regulatory compliance
> Founders should beware of deals that have no restrictions
Source: https://a16zcrypto.com/posts/article/token-rights-in-term-sheets-how-to-avoid-predatory-deals/
August 10th~ Rollup
🐚 Research and Ideation 💡
- ASXN: Polymarket - An Election-Driven Success Story
- Coinbase: Restaking - Everything Old is New Again (April,2024)
- Artemis Weekly Wrap-up (8/10/2024)
Coinbase: Restaking - Everything Old is New Again (April,2024)
Key takeaways:
Restaking is setting the foundation for a new class of decentralized financial products on Ethereum, but the complexities around this new stream of income are non-trivial.
> The rise of liquid restaking tokens built on these processes not only reflect those complexities, but could also lead to hidden risks for the ecosystem
Source: https://www.coinbase.com/en-gb/institutional/research-insights/research/market-intelligence/restaking-everything-old-is-new-again
August 9th~ Rollup
🐚 Research and Ideation 💡
- Dephi Digital | API3: The State of OEV
- The Rollup: Chain Abstraction Market Map
- a16z: A New Financial Model for App Tokens: How to Generate Cash Flows
- knwang: Chain Abstraction (CA), Intents, and Intent Abstraction (IA)
- Tom Wan: Solana's Stablecoin Supply Increased by 156% YoY: Factors Behind it
- 2077 Research: EIP-7623 (Increase Calldata Cost)
- 2077 Research: The State Of Rollup Interoperability Solutions In 2024 (June 2024)
- Kyle: Sector Performance Watchlist (Open-Sourced)
- Uma: How Polymarket is Making Prediction Markets Mainstream
- Empire: Mastering the Psychology of Crypto Cycles
- Taran: We Receive 10M+ in Locked TIA Demand Every Week
- Empire: Are We Actually in a New Cycle
🐚 Project Updates 🔔
- MOTHER Perpetual Contract Now Live on Bybit
- Skate Introduces the First Stateless App Across 20+ Chains
- Helium: 2 Large US Carriers Have Initiated Tests to Offload Their Traffic Onto Helium Mobile Network
- Kelp DAO Introduces “Gain”
Taran: We Receive 10M+ in Locked TIA Demand Every Week
Sellers are very few, and most buyers are looking to buy to hedge their positions almost immediately.
> “It is a market-neutral strategy to return 25-100% by October”
Source: https://x.com/Taran_ss/status/1821902491208012166
Uma: How Polymarket is Making Prediction Markets Mainstream
Polymarket is enjoying a breakout year as traders increasingly look to prediction markets to bet on real-world events
> It has become a real-time sentiment tracker for major events like upcoming US presidential election
> UMA’s Optimistic Oracle is helping Polymarket’s mission to become a source of truth for the world
Source: https://blog.uma.xyz/articles/how-polymarket-is-making-prediction-markets-mainstream
2077 Research: The State Of Rollup Interoperability Solutions In 2024 (June 2024)
How to fix L2 fragmentation and save Ethereum's rollup-centric roadmap
> This piece describe several existing solutions, compare their advantages and drawbacks, and explain how we can achieve rollup interoperability even today.
Source: https://research.2077.xyz/research/some-steps-towards-interoperability/
2077 Research: EIP-7623 (Increase Calldata Cost)
EIP-7623 is a proposal aiming to increase calldata costs in Ethereum transactions.
> This detailed guide explores the motivations, impact on block size, and implications for data availability, ensuring efficient resource utilization while minimizing risks
Source: https://research.2077.xyz/research/eips-for-nerds-7-eip-7623/
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