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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
AI-Created Meme Sparks $150M Crypto Boom
> Three months ago, Marc Andreessen sent $50,000 in Bitcoin to an AI, which today spawned crypto worth $150 MILLION.
> Two AIs created a meme, and another AI spread it virally, leading to massive financial gains.
> Happened within the Infinite Backrooms, where 2 AI agents converse freely without human intervention
Source: https://x.com/aisafetymemes/status/1846220545542529329?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Greythorn Asset Manager | Drift’s Path to Dominance: Exploring Its Market Potential
Exploring Drift’s Market Potential, bullish and bearish fundamental factors on Drift
Source: https://x.com/0x_jaethorn/status/1845806114711216190?s=46&t=ywALktyM5ZCyt-zigN5Big
Bitwise Crosses $5 Billion in AUM, Up 400% in 2024; Appoints Luis Berruga as Advisor
Source: https://bitwiseinvestments.com/newsroom/bitwise-crosses-5-billion-in-aum-appoints-luis-berruga-as-advisor?utm_medium=email&_hsmi=329182094&utm_content=329182094&utm_source=hs_email
Tesla Transfers $225 Million Worth of Bitcoin To Unknown Wallets: Arkham
first bitcoin transaction in over 2 years
Source: https://x.com/tier10k/status/1846297436563612116
Opacity Raises $12M Seed Round Led by Archetype and Breyer Capital
The network leverages zero-knowledge proofs for data verification.
Source: https://x.com/OpacityNetwork/status/1846237925219934693
Geodnet Goes Multichain and Expands to Solana
Proof of Coverage Podcast
Discussion:
> Why DePINs should consider going multichain
> How Geodnet is leading the way for DePIN demand
> 100xing GPS accuracy
Source: https://www.youtube.com/watch?v=nQCN9hJ07d4
CAP Labs: A Stablecoin Engine to Save DeFi from Self-Consuming Designs
A stablecoin engine to break users free from the cycle of endogenous models
> CAP is opening the gate to a hidden side of yield that was previously only accessible to wealthy insiders and their institutions.
Source: https://mirror.xyz/0x83c21bb4Bf0EC116f5a1945AaeF847Fe3b321B32/vK_Dibmypg_QzG0XGaTZMXRItqlxO6tTy36MwmzIuuc
Decentralised Co: Does Crypto Matter?
Are they as relevant as space exploration or AI?
How crypto will (and will not) change the world
> This article evaluate various historical technology trends by the nature of their impact and provide a framework for understanding where blockchains fit.
Source: https://www.decentralised.co/p/does-crypto-matter
October 14th~ Rollup
🐚 Research and Ideation 💡
- Francesco: Mega Intro to MegaETH
- Four Pillars: EigenLayer’s Recent Market Dynamics and Future Outlook
- Zoomer Oracle: Culty Tech Coins
- Sorella: A New Era of DeFi with App-Specific Sequencing (ASS)
- Mechanism Capital on zkTLS
- cherryblue: Onchain Reality Maximalism
🐚 Project Updates 🔔
- Ethena Proposes to Onboard SOL as a USDe Backing Asset
- Coinbase will Add Support for Degen (DEGEN) on the Base Network
- Hyperliquid Announces HYPE Native Token
- feUSD: the First Hyperliquid-Native Stablecoin
- BONKbot is Going Non-Custodial
- LayerZero Partners with Movement Labs
🐚 Raises 💰
- Solv Protocol Raises $25M in Total Funding
BONKbot is Going Non-Custodial
> With pre-tx verification modules for protection even if likes of Pump, Raydium are hacked
> 2FA security, <0.5ms tx verification
> Moving to seed phrases for better multiwallet
Source: https://x.com/bonkbot_io/status/1844029048881844619
Mechanism Capital on zkTLS
By enabling verifiable onchain data from any web2 source, Web Proofs expand the reach of crypto incentives beyond the current user base, opening the door to a much larger, more diverse audience.
> zkTLS will allow for the world to come onchain
Source: https://drive.google.com/file/d/1LMQXoqObqbd5g4YEV5ti2mR2ZrGbEpaJ/view
Zoomer Oracle: Culty Tech Coins
This piece explore a lesser-known category of "cult tech coins" (with no VCs), with strong communities, often outperforming VC-backed tech coins.
> Examples include Bittensor (TAO) and Kaspa (KAS), both driven by early miners and believers.
> Emerging projects like QUIL and META show similar potential, fueled by decentralization and community ethos.👇
Source: https://x.com/zoomeroracle/status/1845836396071677972?s=46&t=2q9OLMlaobNlHLewOXT4uA
Hyperliquid Announces HYPE Native Token
As part of the genesis distribution, eligible users can receive HYPE & optionally a Hypurr NFT
> Users must review and accept the Genesis Event Terms before November 11, 2024 23:59 UTC to participate👇
Source: https://x.com/HyperFND/status/1845851735363027270
Coinbase will Add Support for Degen (DEGEN) on the Base Network
Source: https://x.com/CoinbaseAssets/status/1845866092482240641
⚡️Thanks For 5k Subscribers⚡️
Shoal was founded on the principles of making highly complex topics easy to digest. We aim to continue unraveling new fringe ideas and concepts within DeFi, infrastructure, and beyond.
Open Door: If you are a project, investor, or researcher working on something interesting, we would love to chat.
DMs are also open for feedback @zaddycoin 🫡
👉 Follow us on twitter: x.com/shoalresearch
Galaxy Research: Crypto & Blockchain Venture Capital – Q3 2024
In Q3 2024, venture capitalists invested $2.4bn (-20% QoQ) into crypto and blockchain-focused startups across 478 deals (-17% QoQ).👇
Source: https://www.galaxy.com/insights/research/crypto-blockchain-venture-capital-q3-2024/
Memecoins are Moving from Ethereum to Solana to Access Moonshot App
The APU token is now multi-chain, allowing it to be listed on the Moonshot app.
Source: https://thedefiant.io/news/defi/memecoins-are-moving-from-ethereum-to-solana-to-access-moonshot-app
Predicate Raises $7M to Connect Blockchain Apps with the Financial World
Predicate allows developers and communities to define and own transaction prerequisites without compromising on decentralization.
Source: https://x.com/0xpredicate/status/1846206666695491994?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Archetype Annnounces Investment in Opacity
Opacity aim to solve one of the web’s deepest seeded issues: poverty of verifiability, coming up with a solution called the Verifiable Data Network
> By leveraging Opacity’s VDN, apps can enable their users to confidentially bridge their data, profiles, and reputation info from existing web2 applications into their onchain accounts.
Source: https://x.com/archetypevc/status/1846243638688600453?s=52&t=txFAbiSPTdLLDlAYj9X_AA
=nil; Foundation Integrates Uni V2 on Devnet
video below to see how it works👇
https://www.youtube.com/watch?v=LCaEXhsYpbM
Source: https://x.com/nil_foundation/status/1845871137613381639
GEOD Token is Now Natively Multichain and Expands to Solana
powered by Wormhole Native Token Transfers
Source: https://x.com/GEODNET_/status/1846189290159563150
Trump's Lead Over Kamala Set Another Record High, Odds Increase to ~16%
> Trump 57.7% chance
> Harris 41.9% chance
Source: https://x.com/polymarket/status/1846219853675233422?s=52&t=txFAbiSPTdLLDlAYj9X_AA
Ethresearch: Comparing Two Hash Functions for Multi-Party Computation and Zero-Knowledge
This research compares hash functions Poseidon and Hydra for multi-party computation (MPC) and zero-knowledge proofs (ZKPs).
Observations suggest better efficiency using Hydra.
Source: https://ethresear.ch/t/comparing-two-hash-functions-for-multi-party-computation-and-zero-knowledge/20661
LayerZero Partners with Movement Labs
to make Movement more accessible, seamlessly interoperable, and easy-to-use
Source: https://x.com/movementlabsxyz/status/1844528451329589454
cherryblue: Onchain Reality Maximalism
Onchain Reality Maximalism” is an evolution of civilization itself
everyone can become their own master, breaking free from imposed choices
no centralized control, no irreversible collapse
> “We advocate for “Onchain Reality Maximalism” because we believe that the inherent decentralization and immutability of blockchain technology provide a strong foundation for building these new realities”
Source: https://mirror.xyz/cherryblue.eth/s1bbQudWOi-sS8VlRQB_S2PGw9ddDQl2aTqW9x2z-O0
Sorella: A New Era of DeFi with App-Specific Sequencing (ASS)
ASS enables sovereign applications to be built
Gives individual apps the power to take control of how their transactions are sequenced.
Allows onchain apps to protect their users and liquidity from the harmful effects of MEV
> This post provides a deep dive on ASS and how it enables Sovereign Application
Source: https://x.com/SorellaLabs/status/1845886707255877975
feUSD: the First Hyperliquid-Native Stablecoin
Built by Felix protocol
Source: https://x.com/felixprotocol/status/1845836198385992082
Four Pillars: EigenLayer’s Recent Market Dynamics and Future Outlook
After trading at over $13 on OTC markets earlier this year, $EIGEN has been hovering between $3~$4 since its public listing on October 1
> This piece analyze the underlying causes of EIGEN’s underperformance and its future outlook.
Source: https://4pillars.io/en/opinions/eigenlayer-recent-market-dynamics-and-future-outlook
Francesco: Mega Intro to MegaETH
MegaETH is a fast and scalable blockchain focused on performance.
their testnet expected to launch in November 2024 and mainnet in the works for Q1 2025
> This article introduces MegaETH, abstracting the complexity of the tech stack and highlighting their value proposition, as well as new use cases unlocked with their performance.
Source: https://fraxcesco.substack.com/p/mega-intro-to-megaeth-8e6?r=aaog1&utm_medium=ios&triedRedirect=true
Solv Protocol Raises $25M in Total Funding
Driving Mass Adoption of Bitcoin Staking with SAL
Source: https://solvprotocol.medium.com/solv-protocol-raises-25m-in-total-funding-driving-mass-adoption-of-bitcoin-staking-with-sal-893c5d419c90