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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
Jito: Understanding Node Consensus Networks
Any system that aims to establish a decentralized network can be considered an NCN.
> NCNs are key to decentralization, validating and confirming information across distributed nodes.
> These can include blockchains, cross-chain bridges, oracle networks, and more👇
Source: https://x.com/jito_sol/status/1825913526478831661?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Multicoin Capital: All Markets Are Not Created Equal: 7 Factors To Consider When Evaluating Blockchain-Enabled Collectibles Marketplaces
BECMs offer instant trading via cash settlement, reduce settlement time from weeks to seconds using stablecoins, and use NFTs as digital representations of physical assets held by a trusted custodian or authenticator.
> This piece break down seven key characteristics along three design axes: the financial axis, real world axis, and emotional axis.
Source: Tweet | multicoin.capital/2024/08/22/blockchain-enabled-collectibles-marketplaces/
Prediction Markets Sector on Artemis
Artemis has added the average cost to fill a $100k BUY or SELL order for the flagship Trump + Kamala markets on Drift's BET and Polymarket
Source: https://x.com/artemis__xyz/status/1826606666319888493
Grayscale Launches Grayscale Avalanche Trust
Source: https://www.globenewswire.com/news-release/2024/08/22/2934225/0/en/Grayscale-Investments-Launches-Grayscale-Avalanche-Trust.html
Particle: Entering the Abstraction Era: (Optimistic) Predictions for Crypto's Future
With scalability solved, a unification chapter begins. Old rules and playbooks will be out the door, and new kings will be crowned.
> Web3 is believed to be in the final stage of its modular era, entering a unification stage.
> With chain abstraction, we are approaching a turning point where our fragmented ecosystem can begin operating as a cohesive space 👇
Source: https://blog.particle.network/crypto-predictions-for-the-abstraction-era/
August 21st~ Rollup
🐚 Research and Ideation 💡
- Investment kingyru: Ton Challenges: Apple Restrictions and Possible Blocking in Russia
- Vitalik: Plurality Philosophy in an Incredibly Oversized Nutshell
- Alpha Please: Understanding Kamino - The Liquidity Layer of Solana
- Token Terminal: Tether's USDT on Tron DAO is Over 10x Bigger than MakerDAO's DAI on Ethereum
- Anoma: Intents from the Resource Model Perspective
- Syndica: Deep Dive: Solana DeFi - July 2024
- Four Pillars: Consumer Note 2
- 0xResearch: The Modular Thesis Is Dead
- Bagel: Visual Steps on How Transformers Actually Work
- ON–261: Zoomed-in on ZK Proofs
- Joshua Baker: There Is Nothing New Under The Sun
- Bankless: Mega ETH vs Monad: The Battle To Shape Ethereum's Future
- Spartan Group: The Growing Influence of the TON Network
- Lookonchain: Whale Spent 4,000 $stETH($10.4M) to buy 77,270 $AAVE at $135 in Just 1 Day
- Franklin Templeton: Landscape Overview: ETH Restaking & EigenLayer Case Study
🐚 News 📕
- Harris Supports Policies to Expand Crypto Industry, Aide Says: Bloomberg
🐚 Project Updates 🔔
- Aark Introduces 50x Leverage Trading on Polymarket for US Presidential Election Prediction
Franklin Templeton: Landscape Overview: ETH Restaking & EigenLayer Case Study
Pioneered by EigenLayer, restaking allows users to lock up their currently staked ETH again to provide collateral security to another PoS protocol.
> The Staking Contracts form the logic layer of the EigenLayer protocol, managing business logic like executing smart contracts and overseeing the network's rules and operations.
Source: https://x.com/FTI_DA/status/1826367352835113167
Spartan Group: The Growing Influence of the TON Network
Compared to 12 months ago, we're seeing:
> 4.6M daily transactions (23x YoY)
> 443,910 daily active wallets (75x YoY)
> $34.2B FDV (5x YoY)
> This piece dive into TON & its growing influence
Source: https://x.com/TheSpartanGroup/status/1826121049655664923
Joshua Baker: There Is Nothing New Under The Sun
Why searchers and solvers are a temporary phenomenon
The real distinction between these two is just the simple fact that when you send your orders to a solver platform, you’re letting yourself get arbitraged against other dexes with the idea that you’re getting cooked less.
Source: https://mirror.xyz/joshbaker.eth/YTw1MTQqUwVTBDD_gnO_hZJeBj8yaXzaRwHpUL4Ux9U
Bagel: Visual Steps on How Transformers Actually Work
> Input Encoding
> Positional Encoding → Input to Encoder
> Self-Attention Mechanism
Source: https://x.com/bagel_network/status/1826305026932781175
Kamala Harris Supports Policies to Expand Crypto Industry, Aide Says: Bloomberg
“She’s going to support policies that ensure that emerging technologies and that sort of industry can continue to grow,” according to Brian Nelson, senior campaign adviser for policy to the campaign
Source: https://www.bloomberg.com/news/articles/2024-08-21/harris-supports-policies-to-expand-crypto-industry-aide-says
Four Pillars: Consumer Note 2
featuring:
> The Stablecoin Wars - The Race to Dominate Stablecoins (USDC iPhone Tap to Pay, Tron USDT settles 1/3 of Visa’s Annual Settlement Volume)
> B3, The Fun-First Gaming Ecosystem Wants to Revive On-Chain Gaming
> Meme Mania Continues - Dub Social & Jeetdotso
Source: https://x.com/FourPillarsFP/status/1826181612461293888
Anoma: Intents from the Resource Model Perspective
Intents = preferences + constraints
> Constraints are hard requirements that have to be fulfilled for the intent to be considered satisfied
> Preferences are soft requirements that don't *have* to be satisfied but offer information on how nice the proposed solution is
https://anoma.net/blog/intents-rm#conclusion
Source: https://x.com/vveiln/status/1826282142592340463
Understanding Kamino - The Liquidity Layer of Solana
Kamino is firmly established as the most trusted lending protocol in Solana, with the largest liquidity and user base, the widest feature set, and the most sophisticated risk management.
> This piece aims to provide a good overview of what they are doing, where it is heading, and why it is a project worth keeping an eye on.
Source: https://x.com/alpha_pls/status/1825935825126740147?s=46&t=ywALktyM5ZCyt-zigN5Big
Ton Challenges: Apple Restrictions and Possible Blocking in Russia
> Apple has threatened to remove Telegram from the App Store if integration with TON chain continues
> On the other hand, there is also possible blocking from Russia
> Most of the TON community is in Russia, and second, Russia blocks "undesirable" social networks.
> This week there have already been two cases when Telegram was inaccessible without VPN.
> In addition, it was reported that Putin refused to meet with Durov in Azerbaijan
> If TG is banned in Russia, the audience will decrease, activity in the TON ecosystem will decrease
> As a result, TON will not be in demand in either Russia or America.
> These will hit the value of $TON, and when millions of TON are unlocked, there’ll be no one to sell them
Source: Investment kingyru
August 22nd~ Rollup
🐚 Research and Ideation 💡
- Momir: The Agent Wars - Silicon Valley Titans vs. Crypto Challengers
- Particle: Entering the Abstraction Era: (Optimistic) Predictions for Crypto's Future
- ICME: Minimal Space, Maximum Pace: How Memory Efficient Zero-Knowledge Proofs Work
- Multicoin Capital: 7 Factors To Consider When Evaluating BECMs
🐚 News 📕
- Deitaone: Nearly Half Of All Corporate Election Contributions In 2024 Come From The Crypto Sector
- Grayscale Launches Grayscale Avalanche Trust
- Franklin Templeton Launches Tokenized Money Market Fund BENJI on the Avalanche Network
🐚 Project Updates 🔔
- Artemis Launches Prediction Markets Sector
Franklin Templeton Launches Tokenized Money Market Fund BENJI on the Avalanche Network
Source: https://www.avax.network/blog/franklin-templeton-launches-tokenized-money-market-fund-benji-avalanche
ICME: Minimal Space, Maximum Pace: How Memory Efficient Zero-Knowledge Proofs Work
This piece explains why memory efficiency ZKP is crucial for the widespread adoption of zero-knowledge proofs, how current technologies are addressing this challenge, and what we can expect in the near future for memory efficient ZK.
Source: https://blog.icme.io/minimal-space-maximum-pace-how-memory-efficient-zero-knowledge-proofs-work/
Nearly Half Of All Corporate Election Contributions In 2024 Have Come From The Crypto Sector
“Blockchain companies have supplied 48% of the $248 million of corporate money donated to influence federal elections this cycle,”
Source: https://x.com/deitaone/status/1826631518774853733?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Momir: The Agent Wars - Silicon Valley Titans vs. Crypto Challengers
While both Web2 and Web3 technologies offer pathways for AI agent development, each approach has its unique strengths and challenges.
> This article discusses the competition between centralized AI agents from tech giants like Apple and Google and decentralized Web3 AI agents, exploring the strengths and challenges of each
> How the convergence of Web2 and Web3 approaches can help create more powerful and versatile AI agents👇
Source: https://x.com/momir_amidzic/status/1825895123315458281?s=46&t=ywALktyM5ZCyt-zigN5Big
Binance Futures Will Launch USDⓈ-Margined POPCAT and SUN Perpetual Contracts With Up to 75x Leverage
⏰2024-08-22 13:00 (UTC)
Source: https://www.binance.com/en/support/announcement/binance-futures-will-launch-usd%E2%93%A2-margined-popcat-and-sun-perpetual-contracts-with-up-to-75x-leverage-adac46dd47b142aebfa1c003c17af568?hl=en
A Whale Has Spent 4,000 $stETH($10.4M) to buy 77,270 $AAVE at $135 in Just 1 Day!
Source: https://x.com/lookonchain/status/1826451034765697119?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bankless: Mega ETH vs Monad: The Battle To Shape Ethereum's Future
> Which is faster, more decentralized, and more censorship-resistant?
> How did Monad and MegaETH build large communities before even launching a testnet, let alone a mainnet?
> What are their thoughts on criticism that building with the EVM is like building on quicksand? Could this eat at Solana's value proposition?
Source: https://www.youtube.com/watch?v=1qZbLyHPErg
ON–261: Zoomed-in on ZK Proofs
Exploring zero-knowledge growth, adoption, network health, and competitive dynamics across the application and infra stacks.
Source: https://www.ournetwork.xyz/p/on-261-zoomed-in-on-zero-knowledge-proofs
Aark Introduces 50x Leverage Trading on Polymarket — US Presidential Election Prediction
Source: https://aarkdigital.medium.com/introducing-aarks-50x-leverage-trading-on-polymarket-us-presidential-election-prediction-1ead08bc7ffa
0xResearch: The Modular Thesis Is Dead
Discussion:
> The death of modular crypto
> What happened to Farcaster?
> Drift Protocol's prediction market
> Differentiating decentralized social apps
> Ethereum should compete with its own L2s, more
Source: https://www.youtube.com/watch?v=BBxdzypLalg
Syndica: Deep Dive: Solana DeFi - July 2024
> Locked SOL is at 2x its previous ATH.
> Memecoin trading still dominates DEXes.
> PYUSD rapidly gaining adoption.
> Jupiter Perps and FlashTrade hit new ATHs
> For the first time ever, Solana's spot DEX volume has surpassed Ethereum's two months in a row.
> DEX volume hit $70B in July, the second-largest finish of the year👇
Source: https://blog.syndica.io/deep-dive-solana-defi-july-2024/
Tether's USDT on Tron DAO is Over 10x Bigger than MakerDAO's DAI on Ethereum
Source: https://x.com/tokenterminal/status/1826230701747835076
Vitalik: Plurality Philosophy in an Incredibly Oversized Nutshell
“The right way to think about Plurality is as an "intuition pump" for ideas for designing social mechanisms to better preserve freedom of individuals and communities, enable large-scale collaboration, and minimize polarization”
> The most natural place to apply Plurality ideas is social settings that are already facing the problem of how to improve collaboration between diverse and interacting tribes while avoiding centralization and protecting participants' autonomy
Source: https://vitalik.eth.limo/general/2024/08/21/plurality.html
August 20th~ Rollup
🐚 Research and Ideation 💡
- Flip Research: ETH - Where Do We Stand?
- Gauntlet: Morpho Vault Curation Strategy
- Intents Market Data
- Eigenphi: Metamorphosis of Jaredfromsubway.eth: Cunninger Jared 2.0 with More Layers
- Decentralized Co Podcast: On The Evolution of VC in Web3 with Tomasz Tunguz
- SojuDAO: Exploring Seoul: Ultimate Guide to Discovering Korea Beyond KBW
- 1K(x): Trustless Interoperability between Rollups: Landscape, Constructions, and Challenges
- ChainEye Research: Drift Protocol BET: A Solana Prediction Market to Challenge Polymarket
- Rise Chain: Discussing PEVM and RISE at the Paradigm Frontiers Event in SF
- Vaibhavchellani: Thoughts on the ERC-7683 Proposal Put forth by Uniswap & Across
- Empire: Building the Perfect Crypto Ecosystem in 2024
- Fernando Molina: Dune Dashboard for Polymarket Data Markets
- Blockworks Research: Crypto and AI - A Liquid Market Overview
🐚 News 📕
- The SEC Rejected Cboe’s 19b-4 Filings for Solana ETF
🐚 Project Updates 🔔
- Binance Labs Invests in Corn to Simplify Bitcoin’s Use in Decentralized Finance
- Corn: The Super Yield Network Rooted In Digital Gold
- Base Introduces ENS Subnames for Users, Plans Fair Launch via Dutch Auction
- Galxe Launches Alpha Mainnet of its Layer 1 Gravity Chain
- Clearpool Develops Caldera-Powered Layer 2 Chain Within Optimism Ecosystem
- Binance Introduces Dogs (DOGS) on Launchpool
🐚 Raises 💰
- Corn Raises $6.7M Seed Round Led by Polychain