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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
Nate Silver: Impact of Whale and Rec Money on Prediction Market Efficiency
“One way you can tell the Polymarket numbers likely reflect whale activity rather than new information is because the popular vote contract isn't moving toward Trump at all and it should be heavily correlated with the Electoral College contract”
Source: https://x.com/natesilver538/status/1843425527526527379?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Bitcoin PIPEs: Covenants and ZKPs on the Bitcoin L1 without Soft Fork.
This paper proposes using Bitcoin PIPEs for verifying ZKPs on the Bitcoin L1 - an approach to enable a Polynomial Inner Product Encryption (PIPE)-based SNARK verification on Bitcoin (starting with Placeholder proof system)
Source: https://x.com/nemothenoone/status/1843382870901235907
Risczero Introduces Steel 1.0
Steel 1.0 is a production-ready EVM smart contract execution prover designed to bring boundless runtime to all EVM apps.
> Using execution proofs, Steel enables EVM apps to run completely offchain, while preserving onchain security.
Source: https://risczero.com/blog/introducing-steel-1.0
Why Multilinear Extensions (MLEs) Matter (And Why You Should Care) | ZKP
Multilinear Extensions (MLEs) transform complex functions into manageable polynomials, enabling efficient proofs in Zero-Knowledge Proof (ZKP) systems.
> This article explains everything to understand about MLEs & why they are a big deal in the world of ZKPs
Source: https://mirror.xyz/0xB6756bA4C2a7ED55219D2cE5b4F191B9B63595B0/vWwb-VrZwgdrYNQpyGHUlDcrmarVsOMD6DUiO_Pj9xo
VC Coins and Navigating Crypto Markets in 2024
More Than Speculation podcast
> Current state of the crypto market, focusing on VC coins, market dynamics & investment strategies
> The influence of institutional investors, the importance of airdrops and yield farming, and the challenges faced by retail investors.
Source: https://www.youtube.com/watch?v=dlyy-ldKUG8
FHE Onchain: How the fhEVM Brings Together FHE, ZK, and MPC
Exploring how the fhEVM leverages FHE, ZK, and MPC to combine the security of Ethereum with the confidentiality of bleeding-edge encryption
Source: https://www.fheonchain.org/blog-post/fhevm
Zaryab Afser: What is NOT Chain Abstraction?
> Chain Abstraction does not resolve all on-chain complexities
> Chain Abstraction is not just Cross-Chain Communication
> ChA Abstracts Chains, Not Eradicate Them
> Chain Abstraction does not lead to Centralization
> Chain Abstraction is NOT the Final Frontier of Web3
Source: https://www.decipherclub.com/what-is-not-chain-abstraction/
Murad: Buy Real Memes & Real Cults
Source: https://x.com/muststopmurad/status/1843343610596741197?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Hyperliquid Addresses Bridge Halt
arbitrum bridge was locked due to a false positive in an automatic L1 monitoring process, triggered by inconsistent data from multiple RPCs.
Source: t.me/hyperliquid_announcements/238
DeSpread Research: The Evolution of Stablecoins - New Opportunities and Challenges
> Discussing the features and concerns of new stablecoins (USDY, USDM, USDe, LISUSD)
> Features differentiating them from USDT & USDC
> Potential growth of the stablecoin market
Source: https://research.despread.io/stablecoin-evolution/
Robinhood Chief Legal Officer, Dan Gallagher, Seen As Leading Contender For SEC Chair If Trump Wins: Politico
Source: https://x.com/tier10k/status/1843281780083704121
1mpal: What Makes the Best Web3 Gaming Guide?
three insights for individuals/projects to consider when creating a guide:
> Leveraging Introductory Keywords. Cover key basic topics like VPN usage, using an exchange, and more
> Utilizing Video Guides. Much better than written ones
> Engaging People and Community. The best guide is the community itself.
Source: https://x.com/impalementd/status/1842942276475277422
Across Currently Dominating LiFi v2 Transactions With a 33.8% Market Share
Source: https://x.com/ournetwork__/status/1842789250313474299
0xKyle's Research: Shuffle - Product Market Fit No One Talks About
Shuffle is a leading crypto casino and sports betting platform launched in February 2023.
> Shuffle trades at 63.9M MC / 380M FDMC
> Does 14bn volume and 100mm in revenue annualized
> it’s trading at 0.5x earnings MC wise, and 3x earnings FDMC wise.
> 1 year since launch, it has reached audiences worldwide
Source: https://0xkyle.substack.com/p/shuffle-product-market-fit-no-one
Yesterday’s Heated Discussion Between Ansem and Zach on X
regarding the moral responsibility of Influencers/KOLs relating to shilling Memecoins
Source: https://x.com/zachxbt/status/1842649976389915112
Jason Yanowitz on Competing with Polymarket
Discused likely financial / structural things he’ll love to put in place
> Financial things including: Adding leverage and fixing the capped upside
> Go-to-Market strategy ideas like creating leaderboards of the best predictors, ability to copy trade these predictors, and going mobile
Source: https://x.com/JasonYanowitz/status/1843450516984234134
Arthur Hayes's New Article “PVP”
Discussing the current poor performance of new token listings in this cycle, and whether the idea of paying CEX listing fees are worth it.
Source: https://cryptohayes.substack.com/p/pvp?r=aaog1&utm_medium=ios&triedRedirect=true
Grayscale: Exploring the Ethereum Ecosystem
This report dives deep into the diverse ecosystem, from DeFi projects like AAVE and UNI to L2 solutions like MATIC.
Source: https://www.grayscale.com/research/reports/exploring-the-ethereum-ecosystem
Grayscale Increases its TAO Allocation in the Decentralized AI Fund to 29.55%
Source: https://x.com/onchainoutpost/status/1842956012199825681?s=46
Furthermore Co: Aave Under The Hood - Up-Only Adoption
Aave’s TVL surged by 84% in the last 12 months, more than 2x the broader DeFi market’s growth
> This piece dig into what’s driving Aave: community, resilient governance, borrowing-led revenue, and the next frontier—RWAs.👇
Source: https://www.furthermore.co/aave-under-the-hood-up-only-adoption/
knwang: A Shorter Summary
> chain abstraction = chain interaction aggregators
> infra stacks = application composability aggregators
> liquidity layers = liquidity market aggregators
> the endgame abstraction = everything aggregators
Source: https://x.com/knwang/status/1843299406142971970
2077 Research: The State Of Fraud Proofs In Ethereum L2s
Analyzing fraud proof systems in Ethereum rollups featuring Arbitrum, Optimism, Cartesi, & Kroma
> Analyzing their fraud proof systems and how each is progressing toward a more secure Layer 2 landscape.
Source: https://x.com/2077research/status/1843308491328635228?s=52&t=txFAbiSPTdLLDlAYj9X_AA
TOKEN2049 | Murad Mahmudov: The Memecoin Supercycle
Why it’s happening and why it will continue
Source: https://www.youtube.com/watch?v=6nqzwdGxTGc
Ranger Finance Launches Data Dashboard for Solana Onchain Perp DEXs
https://www.app.ranger.finance/liquidation
Source: https://x.com/ranger_finance/status/1843321356349563082?s=46&t=Epo2C7qkg-CKjyMhGIBBuQ
Devcon Thailand Events Channel:
/channel/shoalfriendsdevcon
Methodology
For each major conference we make a read only channel for our friends to quickly filter for the high signal and best events for the conference. This time we are opening it up to the public.
Like always High signal, low noise
From @shoalresearch, enjoy 🐚
October 6th~ Rollup
🐚 Research and Ideation 💡
- Vac Research: zkVM Testing Report
- ZachXBT: Heated Discussion Between Ansem and Zach on X
- Chris Burniske: Memecoins’ Tendency to Trigger Signals Bigger Growth Ahead
- 0xKyle's Research: Shuffle - Product Market Fit No One Talks About
- Arthur Hayes: “Fear Not, the Devil Shall Print Money and It Shall Be Their Ruin”
- rargulati | Coinlist: How to Launch a Hyped, Legit Token
- 1mpal: What Makes the Best Web3 Gaming Guide?
🐚 Project Updates 🔔
- Across Currently Dominating LiFi v2 Transactions With a 33.8% Market Share
rargulati | Coinlist: How to Launch a Hyped, Legit Token
> The community needs to feel like they’re insiders
> Do an inside sale for the top community members @ a good discount
> Others should also get a fair pre launch price for the community round
> Be transparent and don’t engage in shenanigans
> Teams and community should vest, investors and partners probably not.
> Low float high fdv is broken, Projects should go to market with a higher float
Source: https://x.com/rargulati/status/1842736068422164699?s=52&t=txFAbiSPTdLLDlAYj9X_AA
“Fear Not, the Devil Shall Print Money and It Shall Be Their Ruin” - Arthur Hayes
Source: https://x.com/CryptoHayes/status/1842386737793815028
Chris Burniske: Memecoins’ Tendency to Trigger Signals Bigger Growth Ahead
“Memecoins’ tendency to trigger is all you need to observe to know they’ll be bigger than we expect in the expansion ahead”
Source: https://x.com/cburniske/status/1842979350104445242
Vac Research | zkVM Testing Report: Evaluating Zero-Knowledge Virtual Machines for Nescience
In an attempt to identify the most suitable zkVM for the Nescience architecture, Vac tested 6 promising zkVMs to see which is most suitable: SP1, RISC0, Nexus, ZkMIPS, and ZkWASM
> They assessed their memory consumption and ability to handle arithmetic operations
> RISC0 emerged as the top choice excelling in both proof generation time and size while maintaining a reasonable memory footprint👇
Source: https://vac.dev/rlog/zkVM-testing/