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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
Ryze Roundup: Middle East Tensions, Cross-Chain Solutions, and the Future of DeSci
> How Iran/Israel geopolitical risk could drive continued volatility in crypto.
> Jerome Powell pushing back on aggressive rate cut expectations.
> LayerZero x eigenlayer's new DVN framework, and more
Source: https://ryzelabs.substack.com/p/middle-east-tensions-cross-chain
Marinade's v2 Upgrade: How SAM and PSR Return MEV Profits to Solana Stakers
> PSR (Protected Staking Rewards) ensures uninterrupted staking rewards by requiring validators to place a SOL bond, which can reimburse users if a validator goes offline.
> SAM (Stake Auction Marketplace) enables validators to bid for stake (delegations) from users.
> Since validators are chosen to propose blocks based on the stake they hold, acquiring this stake is crucial
> The bidding mechanism incentivizes validators to share the MEV they extract, as they have to bid competitively to acquire stake.
Source: https://x.com/forgd_/status/1842310181239312780?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Movement Labs Shares New Parthenon (Testnet) Metrics
over 300M in total transactions
Source: https://x.com/movementlabsxyz/status/1842287311712829773?s=46&t=Xt6Hoi7T2naxL2eMzUKSzw
Nillion Documentary: The Future of Private Data
Source: https://x.com/nillionnetwork/status/1837144689960702402
Same as Eigen, Aleo Faces Token Vesting Challenges
unable to vest the tokens of community ambassadors
Source: https://x.com/auri_0x/status/1842325591334560084?s=52&t=txFAbiSPTdLLDlAYj9X_AA
DAIN: The Decentralized Autonomous Infrastructure Network
DAIN is pioneering a "smart internet," powered by AI agents that communicate naturally with each other and with us, using human language.
Source: https://x.com/DonnySolana/status/1842255454854168950
Robbie Petersen: A New Framework For Identifying Moats In Crypto Markets
While we have numerous precedents and heuristics for understanding moats in traditional markets, we lack equivalent frameworks that account for these structural differences.
> This piece aims to bridge this gap by getting to the root of what constitutes a sustainable moat, and downstream of this, identify the handful of apps positioned to sustainably capture value
Source: https://x.com/robbiepetersen_/status/1841887528154230844
Chaos Labs: Liquity V2 Mechanism Design Review
This paper presents a comprehensive design review of Liquity V2, with a focus on its interest rate and redemption mechanisms, as well as the stability pool dynamics that shape borrowing demand, interest rates,and system incentives.
Source: https://cdn.sanity.io/files/zmh9mnff/production/ca6a4815e62b05f33fb3ec56c5a4c42d6b7ddbec.pdf
Decentralised Co: The Infinite Bookshelf - EigenDA's Expandable Ethereum Archive
DA solutions ensure that the information required to validate and process transactions on a blockchain is accessible to all participants.
> This article takes a look at how EigenDA and DA services are trying to smoothen the traffic flow.
Source: https://www.decentralised.co/p/the-infinite-bookshelf
2077 Research: Unpacking The Starknet Bolt Upgrade
With parallel execution reducing congestion and block packing cutting data availability costs, Starknet is now faster, cheaper, and more scalable.
> A deep dive into Starknet's Bolt upgrade covering: Parallel Execution & Block Packing.
Source: https://x.com/2077research/status/1841907270956773521?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Connor Keenan: Such Tokens - Much Wow
Assessing the game mechanics of memecoins, and why they fall short for content curation.
Source: kingpost/memecoins-vs-curation-markets" rel="nofollow">https://paragraph.xyz/@kingpost/memecoins-vs-curation-markets
vik0nchain: So long, Solana? The Rise of Blockchain's Parallel Universes
Discussing the evolution of blockchain scalability through parallel execution models, comparing Solana's pioneering approach with newer projects like Sei, Aptos, and Sui.
> It explores how these blockchains handle the challenge of transaction conflicts, a key bottleneck in parallel processing👇
Source: https://x.com/vik0nchain/status/1841871167860130042
23andWE: Latest DataDAO Built on Vana
A data Rrevolution against 23andMe and its attempts to sell its genetic data without express user consent. 23andWE’s aim is to empower people control their genetic data.
Source: https://x.com/withvana/status/1841780247060218349
Visa Launching Tokenized Asset Platform on Ethereum
to launch an initial pilot with select customers in 2025 on the public Ethereum blockchain
Visa isn't launching an L2, yet. This is an L1 app to coordinate tokens across all of Ethereum
Source: https://x.com/ryanberckmans/status/1841845557339251103?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Multiplayer AI Social Apps
Jeff Morris: Yet to See an AI Native Social App that is Interesting in Multiplayer Mode
“many single player companion apps for loneliness, but nothing cool yet that you can do with your friends”
Source: https://x.com/jmj/status/1841533090495381771?s=46&t=ywALktyM5ZCyt-zigN5Big
Blockrunch Podcast: Why We're Bullish on GEODNET w/ Mike Horton
Mike Horton - GEODNET Project Creator. He shares:
> How and why they launched GEODNET
> GPS refinement challenges & blockchain solutions
> GEODNET node operators
> GEODNET customer-profile
> DePIN unit economics
> Centralized vs decentralised geo-spatial solutions, and more
Source: https://www.youtube.com/watch?v=bA9ddSO5Oac
Solana Now Have 7 Protocols Generating ~$10M or More in Revenue Annually
Jupiter and Raydium leading the way with $75M and $63M, respectively
Source: https://x.com/RyanWatkins_/status/1842248314630053993
Mach: For Instant Swaps Between Any Assets On Any Chain
Mach is live on 50,000+ routes and has surpassed 10mm in total volume
> Mach uses game theory to make bad behavior unprofitable, which allows Mach to do swaps instantly with almost no overhead
> Unlike aggregators today, Mach doesn’t care how orders get filled as long as they get filled👇
Source: https://x.com/futurenomics/status/1841960833716531453
Hyperliquid Climbs to the Top in Daily Trading Volume Among Decentralized Perpetual Swaps
recorded $1.39 billion in daily trading volume yesterday, surpassing competitors like Jupiter, SynFutures, and dYdX.
Source: https://www.theblock.co/post/319486/hyperliquid-climbs-to-the-top-in-daily-trading-volume-among-decentralized-perpetual-swaps
EigenLayer is Investigating Unapproved Selling Activity Associated with a Wallet
Address: 0xA7A1c66168cC0b5fC78721157F513c89697Df10D
Source: https://x.com/eigenlayer/status/1842268416083653038
Four Pilars: TON - Too Big To Ignore
Analyzing TON's explosive growth and its synergy with Telegram, exploring their impact on the crypto ecosystem, potential as a super app, and current challenges.
Source: https://4pillars.io/en/articles/ton-too-big-to-ignore
Polymarket: Who will HBO Doc Identify as Satoshi Nakamoto?
Polymarket bettors favors Len Sassaman. why?
Sassaman was a well-known cypherpunk, cryptographer and privacy advocate who has a long history of published academic works on cryptography. He died on July 3, 2011
> Unfortunately, he took his life shortly after Satoshi stopped posting on BTCTalk. Coinicidence?🤔
> The runner ups are:
- Hal Finney
- Adam Back
- Paul Le Roux
Source: https://polymarket.com/event/who-will-hbo-doc-identify-as-satoshi?tid=1728062573567
Axelar Mobius Development Stack (MDS): Unlocking a New Web3 Design Space
MDS is a new interoperability standard leveraging enhanced AXL token utility to power infinite security and scalability across Web3👇
Source: https://www.axelar.network/blog/mobius-development-stack-launch
=nil; Foundation | Sharding Fee Models
Exploring the pros and cons of local and global fee markets and why a local fee market makes sense for zkSharding.
Source: https://x.com/nil_foundation/status/1841568909717078029
October 3rd~ Rollup
🐚 Research and Ideation 💡
- Blockworks: Monad - High Performance Culture
- Decentralised Co: The WBTC Drama
- mrink0 | Delphi Digital: Polymarket Volume (2024)
- Caliber: Exploring Fully Homomorphic Encryption
- Lawrence | Post-Nietzschism: a Discourse of New-Age Crypto Cults
- Yakitori: Sui Move, for Solidity Developers
- Chain of Thought: Ultimate Crypto AI Primer
- Binance Research: Industry Observation - Valuation, Centralization, Transparency, and Rebranding
- Jeff Morris on Multiplayer AI Social Apps
- Blockworks | Beyond Secured Value: How TTV Best Reflects Oracle Fundamentals
- Cole Kennelly on Venture-Backed Tokens with Shorter Unlock shedules
- vik0nchain: So long, Solana? The Rise of Blockchain's Parallel Universes
- Tiger Research: The Inevitability of Decentralized Dark Pools
- Connor Keenan: Such Tokens - Much Wow
🐚 News 📕
- Grayscale Launches Aave Fund
- HBO’s New Documentary Claims to Reveal the Identity of Satoshi Nakamoto
- Telegram Confirms it Gave U.S. User Data to the Cops
🐚 Project Updates 🔔
- Virtual Protocol Presents Project Westworld
- Swift: Live Trials of Digital Asset Transactions on Swift to Start in 2025
- Visa Launching Tokenized Asset Platform on Ethereum
- Bungee Protocol — The Endgame
- 23andWE: Latest DataDAO Built on Vana
Tiger Research: The Inevitability of Decentralized Dark Pools
On-chain dark pools offer anonymity for traders while eliminating the need for centralized intermediaries. This addresses several issues present in traditional financial systems.
> Can on-chain dark pools revolutionize financial markets?👇
Source: https://reports.tiger-research.com/p/onchain-darkpool-eng?r=aaog1&utm_campaign=post&utm_medium=email&triedRedirect=true
Venture-Backed Tokens: Shorter Unlocks and Reasonable Valuations for Outperformance
“Venture-backed tokens with shorter investor unlock schedules launched at reasonable valuations should outperform the high FDV + 4 year unlock precedent in the coming months / years.”
Source: https://x.com/colegottweets/status/1842029237680722063?s=46&t=WkspzQsl_77TaN0nAv8q7A
Bungee Protocol — The Endgame
Bungee Protocol is a global liquidity marketplace, enabling users to perform any action across chains. It is designed to be a marketplace that optimizes for you, the end user, powered by Socket Protocol.
Source: https://medium.com/bungee-exchange/bungee-protocol-the-endgame-2cd14b63f753
Blockworks | Beyond Secured Value: How TTV Best Reflects Oracle Fundamentals
Total Value Secured (TVS) is no longer a useful KPI for assessing oracles. It is orthogonal to their fundamentals & distorts market share estimates
> This research propose “Total Transaction Value (TTV)” – a new metric that more closely correlates to oracle price demand👇
Source: https://x.com/blockworksres/status/1841886174417453166?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Binance Research: Industry Observation - Valuation, Centralization, Transparency, and Rebranding
This report examines several observations in the crypto market, focusing on valuation, the risks associated with centralization, the need for improved transparency in fund usage, and the rationale for rebranding.
Source: https://www.binance.com/en/research/analysis/industry-observation-valuation-centralization-transparency-and-rebranding