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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
Sonic Labs Announces Andre Cronje as the New Chief Technology Officer (CTO)
Andre is well known as one of the best software engineers in the blockchain industry, as well as a pioneer in decentralized finance (DeFi).
Source: https://blog.soniclabs.com/andre-cronje-chief-technology-officer-of-sonic-labs/
Coinbase Teases Possible Wrapped Bitcoin Product, “cbBTC” Following wBTC Worries
Source: https://x.com/coinbase/status/1823501582006411614
Polymarket Investment Memo (August 2020)
Source: https://x.com/NTmoney/status/1823448692537647531
Coinbase Institional: Market Intelligence - ETH and the Rise of L2s
> There is only a comparatively minor reduction in ETH demand that results specifically from an L2-focused roadmap.
> ETHʼs utilization in protocols may become a larger component of ETH demand than transaction fees, the latter of which might trend towards zero.
Dewhales: Azuro Explained - Fat Platform for Onchain Prediction Markets
Azuro is an infrastructure/liquidity layer for forecast on the blockchain. It uses a new liquidity pool design, a liquidity tree that creates and maintains market liquidity
> The protocol uses a hybrid oracle/automated market maker solution to determine the coefficients of various results and ensure the integrity and transparency of the process👇
Source: https://x.com/DewhalesCapital/status/1821552411632107918
Fuse Wallet is Now Available On Apple App Store
Source: https://x.com/fusewallet/status/1823359259750400379
Sui Lutris: A Blockchain Combining Broadcast & Consensus
Sui Lutris is the first system that combines the consensusless and consensus-based approaches to provide the best of both worlds when processing transactions in a replicated Byzantine setting
> It uses a consistent broadcast protocol between validators to ensure the safety of all operations, ensuring lower latency as compared to consensus.
Source: https://arxiv.org/pdf/2310.18042
Essential Raises $11M in a Series A Funding Round Led by Archetype
Essential is building an intent-centric Ethereum Layer 2 blockchain
Source: https://x.com/intentessential/status/1823375065607532806
Binance Introduces Toncoin $TON on Launchpool and Super Earn!
Lock your tokens and earn Special APR rewards
Source: https://x.com/binance/status/1823349030354637290?s=52&t=txFAbiSPTdLLDlAYj9X_AA
August 12th~ Rollup
🐚 Research and Ideation 💡
- Mikey0x_: Overview of the Prediction Markets
- Coinbase Traders: Current Bitcoin Cycle Closely Resembles the 2018-2022 Cycle
- Polymarket: Five X-Factors That Could Upend the Election
- Equilibrium: Do All Roads Lead To MPC?
- Lemiscate: Addressing wBTC <> Aave Concerns
- AAliance: The state of Account Abstraction
- Bedlam Research: Wtf is Settlement
- Safary: The State of Web3 Growth 2024
- 0xCheeezzyyyy: Exploring the Liquid Restaking Landscape on Artemis
- Alliance: Minimum Viable Product | Season 1 Ep2
- Arthur Hayes Discuss How Yellen will Soak the Markets with $300bn to $1.05tn in New Article
- Token Terminal: BlackRock's Crypto Play: What You Need to Know
- Alpha: Entities Receiving Token Unlocks
- Alpha: August 2024 is Set to Release Nearly $1.5b Worth of Tokens Across Various Projects
- ON-259: AI - Coverage on Bittensor, Covalent, and Botto
- Haseeb: The Hard Thing About Learning Hard Things
🐚 News 📕
- Donald Trump Officially Returns to X
- European Commissioner Threatens Elon Musk About his Donald Trump Interview
🐚 Project Updates 🔔
- Symbiotic Launches Devnet, Plans Mainnet in Q3
- EigenLayer Introduces AVS Rewards
- Polymarket Partners with Perplexity to Show News Summaries
- RareBetSports: A Sports Ecosystem Fueled by Monad
- Polymarket’s Open Interest Falls Off a Cliff
- Coinbase’s LRDS-USD and SD-USD Trading Pairs Are Now in Full-Trading Mode
- Coinbase Will Add Support for Gravity ($G) on the Ethereum Network
- deBridge Foundation and the DBR Checker
🐚 Raises 💰
- Ion Protocol Has Announced a Total Fundraise of $7M to Support the Development of ‘Nucleus’
ON-259: AI - Coverage on Bittensor, Covalent, and Botto
> TAO's market cap dips $1B from its all-time high
> Covalent has 848.12M CXT tokens unlocked, roughly $5.67M
> Botto distributes 23% of sales revenue to art-engine contributors
Source: https://www.ournetwork.xyz/p/on-259-ai
The most common entities receiving token unlocks were team members and advisors, early investors, and community development funds.
Source: Alpha
Arthur Hayes: Water, Water, Every Where
This essay discussed how US Treasury Secretary Yellen, will soak the markets with $300bn to $1.05tn btw now and year end.
Source: https://cryptohayes.substack.com/p/water-water-every-where?r=aaog1&utm_campaign=post&utm_medium=email&triedRedirect=true
0xCheeezzyyyy: Exploring the Liquid Restaking Landscape on Artemis
Takeaways:
> EtherFi has been consistently growing it's dominance YTD, standing at ~50%
> Renzo not only lost >50% of restaked TVL, but ~60% of its market share since its ATH dominance
> Swell stands at 3.59% market dominance, as it struggles to grow since it's LRT inception
> KelpDAO’s TVL remains fairly stagnant at 250k ETH even with withdrawals enabled in May 2024 (~260k)
> Eigenpie market dominance stands fairly decent at ~12.09%.👇
Source: https://x.com/0xCheeezzyyyy/status/1822979935545499815
Coinbase Will Add Support for Gravity ($G) on the Ethereum Network (ERC-20 token)
Source: https://x.com/CoinbaseAssets/status/1823024412783730701
Ethereum Avg. Gas Price Dropped to 1.048 Gwei ($0.06)
Source: https://x.com/degeneratenews/status/1823544510934090066?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Natalie: Programmable Media
This essay focus on media businesses, specifically, how they evolve through these economic fluctuations
> The relationship between media formats, new consumer behaviors, advertising surfaces, and business models
Source: eclecticcapital.eth/programmable-media" rel="nofollow">https://paragraph.xyz/@eclecticcapital.eth/programmable-media
Helium’s Carrier Offload Program Revolutionizing Telecom
Telecom carriers are leveraging Helium with clear synergies for both parties:
> Carriers save $$ and offer better coverage.
> Helium receives more traffic routed through the network leading to more rewards for hot spot suppliers and more HNT burned.
Source: https://x.com/nickdgarcia/status/1823402431021031832?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Joshua Baker: Aori, Game Theory, and DeFi
Discussing what Aori is all about and what DeFi will look like over the next few years
Source: https://mirror.xyz/joshbaker.eth/hG9TpGNy5VhZhP8q1JWGuA8frtiZEphCttXPQc9_Zak
Reddio Announces the Completion of their Seed Round Funding, Led by Paradigm and Arena
Reddio is launching a high-performance parallel EVM Layer 2, Ethereum-level security, cutting-edge ZK-proof, and EVM-compatibility!
Source: https://x.com/reddio_com/status/1823328698902483425
xparadigms: Sui and Ethereum - Sui Lutris and Ethereum Preconfirmation
Unlike Sui Lutris, which uses a hybrid consensus model, preconfirmations rely on a combination of off-chain commitments and on-chain verification to speed up the transaction process.
> “Sui kind of has that Ethereum vibe where the elite researchers are pushing the limitation of what a L1 blockchain can do”
Source: https://x.com/xparadigms/status/1823319883213570289?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Four Pillars: Exploring Solana’s Ecosystem Boom
An insightful overview of the rapidly evolving Solana ecosystem, categorizing & curating over 250 of the most active projects, ranging from infrastructure layers to consumer applications.
Source: https://x.com/fourpillarsfp/status/1823297967354438142?s=46&t=2q9OLMlaobNlHLewOXT4uA
The Arena: Long / Short / Hedge Any New Token on Solana Instantly With Leverage
Built on audited Marginfi isolated pools
Source: https://x.com/thearenatrade/status/1823352214439460920
Grayscale Introduces New Single-Asset Fund for MakerDAO's MKR Token
Grayscale has introduced a new fund called the Grayscale MakerDAO Trust, which invests in the governance token of MakerDAO (MKR).
> Available to eligible accredited investors.
Source: https://x.com/Grayscale/status/1823344304456429827
Haseeb: Hard Thing About Learning Hard Things
The best learners explore, take risks, look stupid, and insist on leaving no rocks unturned:
> Choose to look stupid
> Ask the third question
> Immerse yourself
> Double down on your strengths
> Find excuses to teach
Source: https://x.com/hosseeb/status/1823088301269467432?s=52&t=txFAbiSPTdLLDlAYj9X_AA
August 2024 is Set to Release Nearly $1.5b Worth of Tokens Across Various Projects
The most significant unlocks involve team members, advisors, strategic partners, and community development funds…add to watchlist
Source: Alpha
BlackRock's Crypto Play: What You Need to Know
Findings across:
> Digital Assets (Asset Class)
> Bitcoin (Asset)
> Blockchain (Technology)
Source: https://x.com/tokenterminal/status/1822941736475267231?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Alliance: Minimum Viable Product | Season 1 Ep2
Addressing two key areas:
> Showcasing that crypto is real with genuine founders building in the space
> Educating people outside of the crypto about the types of products available for consumer use
Source: https://x.com/alliancedao/status/1823004262541979723
deBridge Foundation and the DBR Checker
The Foundation has introduced the DBR checker, giving community members an early look at DBR tokens generated from Season 1 deBridge Points activity
> DBR total supply: 10 billion
> Initial circ supply: 1.8 billion
Source: https://x.com/deBridgeFdn/status/1822969303509172470
Safary: The State of Web3 Growth 2024
> $1B+ has been raised by 101 web3 growth & social startups
> $277M in new funding across 23 startups since this time last year
> This is a deep dive into the $1B ecosystem shaping the future of digital media👇
Source: https://blog.safary.club/p/the-state-of-web3-growth-2024