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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
Squid Sinks its Tentacles into Cross Chain Abstraction
Version 2.0 brings users closer to a “Coinbase experience”
> Squid 2.0 introduces a new architecture that abstracts away chains to simplify even complex transaction flows with multiple hops.
Source: https://blockworks.co/news/squid-upgrade-cross-chain-abstraction
0xLouisT: High FDV Coins, The Icarus Myth of This Cycle
Takeaways:
> Avoid launching at a high FDV. Its not a meme
> Raise VC Funds Wisely
> Don’t Launch a Token Prematurely
> Maximize the circulating supply at launch
> Engage with Liquid Funds
Source: https://x.com/0xLouisT/status/1834204382889386149
Average Supply of Stablecoins in Circulation is At An All-Time High
Source: https://x.com/AlanaDLevin/status/1834223200877658183
Onchain insights Powered by Artemis
They highlighted:
> A new "adjusted" transfer volume metric
> Stablecoin vs overall crypto growth
> Dollar dominance of stablecoins
Source: https://x.com/artemis__xyz/status/1834226423898537992
cbBTC Has Reached $100M Market Cap on Day 1
43% of the supply is on Base & 57% on Ethereum
Source: https://x.com/tomwanhh/status/1834332049379049926?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Decentralised Co: Trusted Enclaves - On TEEs and why they're important
“TEEs provide an isolated execution environment separate from the main operating system, which is crucial for maintaining data security in applications handling sensitive information” This article covers:
> What are TEEs
> How they work in the context of blockchains
> Applications that are already using TEEs
> Limitations and factors to consider before implementing TEEs
Source: https://www.decentralised.co/p/trusted-enclaves?r=aaog1&utm_medium=ios&triedRedirect=true
Chaos Labs Introduces Edge: The Next Generation Oracle Protocol
Edge is designed to meet the demands of modern DeFi applications, where milliseconds and price accuracy can mean the difference between a thriving protocol and a devastating exploit.
> Edge is already live and has secured over $30B in transaction volume as Jupiter's primary Oracle👇
Source: https://x.com/chaos_labs/status/1834232236818006439
September 11th~ Rollup
🐚 Research and Ideation 💡
- Stanley He: From Self-Sequencing to Preconfirmation
- Ethresearch: Lookup Argument and its Tweaks
- Dewhales Research: AppLayer Explained - Modular EVM Layer for Cross-chain Applications
- ASXN: Drift May Be Overvalued Compared to Competitors
- Grayscale: Polymarket - Crypto’s Election-Year Breakout App
- 0xOmnia: Hyperliquid - Don't Miss The Forest For The Trees
- Exit Liquidity: Breakdown on MegaETH w/ Bing & Namik from MegaETH
- Eli5DeFi: The Prediction Market Showdown
- Syndica: Solana DeFi - August 2024
- BurstingBagel: Positioning for Uniswap v4: Why Bunni ($LIT) Might Be Your Best Bet
🐚 Project Updates 🔔
- Atlas: The Blockchain for Verifiable Finance
- Polaris: The Token Portal
- Coinbase Teases cbBTC Logo a Month After Initial Reveal
- Coke: First Lend-to-Earn (LTE) Gaming Standard on Solana
- Ora Protocol Introduces f(A.I.)r Launch: A Fairer Way to Distribute Crypto Tokens
- Binance Launches BNSOL
Positioning for Uniswap v4: Why Bunni ($LIT) Might Be Your Best Bet
> $LIT is currently trading at a modest $12.5 million FDV.
> If Bunni V2 is well received, there’s strong potential for the token to appreciate significantly
> The hype around Uni v4 nearing its launch alone could be a major catalyst for price growth.
> If Bunni can capture market share, it has the potential to surpass some of the top competing DEXes
Source: https://x.com/burstingbagel/status/1833893669549850668?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Eli5DeFi: The Prediction Market Showdown
Exploring the crucial elements of PMs:
> What is Prediction Market (PM)?
> How it Works?
> PMs Ecosystem, and more
Source: https://x.com/eli5_defi/status/1833792696835772448
Ora Protocol Introduces f(A.I.)r Launch: A Fairer Way to Distribute Crypto Tokens
f(A.I.)r Launch is a groundbreaking method for launching crypto projects that utilizes AI to ensure fair token distribution.
Source: https://mirror.xyz/orablog.eth/WgccLsheT4dH-QieOOGQrLbUqaHWnfQ3gO8Rksz6m2Q
Grayscale: Polymarket - Crypto’s Election-Year Breakout App
This report explore how Polymarket is attempting to shape the future of prediction markets, leveraging blockchain technology to deliver transparent, data-driven insights during the 2024 U.S. election cycle.
Source: https://www.grayscale.com/research/reports/polymarket
ASXN: Drift May Be Overvalued Compared to Competitors
> While Drift sits at a 37.58x FDV/Fees ratio, competitors like Vertex sit at a 4.68x, and GMX sits at 8.24x
Source: https://x.com/asxn_r/status/1833949142328172769
Coinbase Teases cbBTC Logo a Month After Initial Reveal
Source: https://x.com/base/status/1833913303942533232
Atlas: The Blockchain for Verifiable Finance
Verifiable finance combines the performance of traditional finance with the transparency of DeFi.
> Atlas unlocks a financial world where transparency, security, and performance coexist.
> Private testnet is now live
Source: https://x.com/atlasxyz/status/1833880969251524973?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Perp Mindshare Composition for the Top Projects Over the Past 12 Months.
Source: https://x.com/_kaitoai/status/1834207723241525509
Trump Announces the Launch of World Liberty Fi on Sept 16th
Source: https://x.com/realDonaldTrump/status/1834311432982135015
OpenAI Releases a Preview of OpenAI o1
A new series of AI models designed to spend more time thinking before they respond. Solve harder problems than previous models in science, coding, and math.
Source: https://openai.com/index/introducing-openai-o1-preview/
Castle Island VC: Stablecoins - The Emerging Market Story
A survey of 2541 users in key emerging markets where crypto adoption is highest – and access to dollar banking infrastructure is limited: Nigeria, India, Indonesia, Turkey, and Brazil
> The result revealed stablecoins are being used not just for crypto trading, but increasingly feature in the ordinary economic lives of these individuals.
> Nigerians had the highest affinity for stablecoins in every category. 👇
Source: https://x.com/nic__carter/status/1834224298447294523
DeFiMinty: New Crypto Narratives to Keep a Close Eye On
> Uniswap v4: An eye on Bunni
> Incentivized Liquidity Protocols: Royco protocol, Turtle Club
> Prediction Markets: Drift, Azuro, Predictdotfun
> Chain Abstraction: Near protocol, Abstract
> Low Latency Blockchains: Sui, Aptos, Monad
Source: https://x.com/DeFiMinty/status/1834246684726976726
Shoal Research: Bringing Macro Markets Onchain with Ostium
One particular protocol seeking to extend the utilities of onchain perps beyond crypto assets, to be able to trade virtually everything in one’s eToro account onchain is Ostium Protocol.
In this article, we provide a deep dive into:
> History of digitization of financial services
> History of perps
> How all roads lead to Ostium Protocol 👇
https://www.shoal.gg/p/bringing-macro-markets-onchain-with
Source: https://x.com/Shoalresearch/status/1834262502001303944
Coinbase’s Wrapped BTC (cbBTC) is Live
an ERC20 token that is backed 1:1 by Bitcoin (BTC) held by Coinbase.
Source: https://x.com/coinbase/status/1834208544247144949
Binance Launches BNSOL, New Way to Stake SOL
Stake your $SOL, receive BNSOL, and unlock the flexibility to trade or lend.
Source: https://x.com/binance/status/1834157153210233256
Syndica: Solana DeFi - August 2024
> SOL locked in Solana DeFi protocols reached an ATH of 7.6M.
> DEX volume has declined by 31% to settle at $48B.
> The memecoin market is showing signs of exhaustion
> Jupiter’s Perps' volume reached a new ATH of $17.5B, and more👇
Source: https://x.com/Syndica_io/status/1833970697766662346
Exit Liquidity: Breakdown on MegaETH w/ Bing & Namik from MegaETH
A good breakdown of what megaeth is and why you should care.
Source: https://www.youtube.com/watch?v=UuXAl9D9y_4
0xOmnia: Hyperliquid - Don't Miss The Forest For The Trees
“Everything that has happened up until the release of the HyperEVM (slated to be released by EOY) is merely just pure testing”
> Upgrades like HyperEVM (by year-end) and native token deployments, position it for further growth with potential to become a leading on-chain finance platform
Source: https://x.com/0xOmnia/status/1833933230858191040
Coke: First Lend-to-Earn (LTE) Gaming Standard on Solana
Coke deploys fair launch game tokens using GP101, a new primitive for Lend-to-Earn on-chain games
Whitepaper: https://docs.cokesol.com/
Source: https://x.com/Sol_Coke/status/1833872134059491332
Dewhales Research: AppLayer Explained - Modular EVM Layer for Cross-chain Applications
AppLayer is a modular EVM layer offering scalable, seamless cross-chain application development, empowering GameFi and DeFi with enhanced efficiency and user engagement.👇
Source: https://dewhales.substack.com/p/applayer-explained-modular-evm-layer
Polaris, the Token Portal: A Single Interface for Trading All Tokens Across All Chains
Imagine If you could access all tokens across all chains via one simple interface, a single portal to track and trade your whole portfolio with any wallet
> Polaris enables you to one-click trade all tokens across all chains from your existing wallet.
Source: https://x.com/polaris_app/status/1833845907168620978?s=46&t=2q9OLMlaobNlHLewOXT4uA
Ethresearch: Lookup Argument and its Tweaks
> This research talks about improving a method called 'lookup argument' used in a proof system.
> It builds on the Plookup technique to improve the efficiency of writing large PLONK circuits with complex logic.
nil-research/rkjJFAtiC" rel="nofollow">https://hackmd.io/@nil-research/rkjJFAtiC
Source: https://ethresear.ch/t/lookup-argument-and-its-tweaks/20409