Decentralized | Analytics

An overview of the current stablecoin market with IntoTheBlock Since peaking in March 2022, the total capitalization of stablecoins has fallen over 35% from $188B to $122B. However, the capitalization of the entire crypto market has fallen by more than 60% from $3T to $1.2T Despite the regular FUD, capitalization of USDT is at its peak value - $84B The more regulated USDC decreased from $55B to $25B Due to regulatory pressure, BUSD's capitalization decreased from $23B billion to $2B and will continue to fall. Thread ⬇️ https://x.com/Alexx_Lut/status/1717486671552250150?s=20

Big thread from Poopman on Uniswap X and how it works Uniswap X is a game-changer. Not only does it offer swappers the best prices via the fillers network and Dutch auction, But it also paves the way for gas-free cross-chain swapping with optimistic cross-chain orders 💥. In this thread, he will help you to understand: - The purpose of Uniswap X - The 3 key architectural changes - The transaction life cycle of Uniswap X (E.g., How it achieves gas-less swaps & secures the best price - Optimistic Cross-Chain Orders Thread ⬇️ https://x.com/poopmandefi/status/1716310968719089966?s=20

Bitfinex 2016 hack incident turns into fortune for its users 🧵 iFinex (Bitfinex parent company) has proposed a $150 million share buyback for victims. Hack was 120M back then, valued at 1.7B now. What happened, how we got here, and why it could be important: https://twitter.com/OlimpioCrypto/status/1716516068964073965

iShares: BlackRock’s Bitcoin ETF Explained – Why does CT care? All you need to know ⬇️ ETF stands for Exchange-Traded Fund. Think of it as a basket of various assets (like stocks, bonds, or in this case, Bitcoin) that track a specific index. It allows people to invest without buying each asset individually. It's traded like a stock and has grown in popularity due to its flexibility. So why is a Bitcoin ETF important? It provides a more accessible and regulated way for investors to gain exposure to Bitcoin without the complexities of buying and storing the actual $BTC. In other words, it's the first brick in the wall of mass institutional adoption. The BlackRock Proposition BlackRock, the world's largest asset management firm, recently filed for a 'spot Bitcoin ETF'. Given its heft in the financial world and the depth of the iShares ETF family it manages (worth nearly $4 trillion), many believe it could be the game changer. Until now, the SEC has been wary due to concerns over market manipulation and lack of a mechanism to track trading and ensure customer assets' safety. BlackRock's proposal addresses these concerns head-on. They're looking at a trust, NOT a standard ETF. Unlike the approved ETFs that track futures or company stocks linked to crypto, a 'spot' ETF tracks the real-time price of Bitcoin. In other words, it reflects the current market value of Bitcoin, not predictions. BlackRock's Spot Bitcoin ETF? Think of it like Grayscale's GBTC, but with mechanisms to prevent large price distortions. This could ensure that the value of the trust closely mirrors the value of the underlying Bitcoin. BlackRock’s move has spurred other financial giants to resubmit or refile their ETF proposals. It seems the financial world believes if there's anyone that can make the SEC nod in agreement, it's BlackRock. It provides a more accessible and regulated way for investors to gain exposure to Bitcoin without the complexities of buying and storing the actual $BTC. In other words, it's the first brick in the wall of mass institutional adoption. The BlackRock Proposition BlackRock, the world's largest asset management firm, recently filed for a 'spot Bitcoin ETF'. Given its heft in the financial world and the depth of the iShares ETF family it manages (worth nearly $4 trillion), many believe it could be the game changer. Until now, the SEC has been wary due to concerns over market manipulation and lack of a mechanism to track trading and ensure customer assets' safety. BlackRock's proposal addresses these concerns head-on. They're looking at a trust, NOT a standard ETF. Unlike the approved ETFs that track futures or company stocks linked to crypto, a 'spot' ETF tracks the real-time price of Bitcoin. In other words, it reflects the current market value of Bitcoin, not predictions. BlackRock's Spot Bitcoin ETF? Think of it like Grayscale's GBTC, but with mechanisms to prevent large price distortions. This could ensure that the value of the trust closely mirrors the value of the underlying Bitcoin. BlackRock’s move has spurred other financial giants to resubmit or refile their ETF proposals. It seems the financial world believes if there's anyone that can make the SEC nod in agreement, it's BlackRock. Potential Impact If BlackRock gets the green light, it could usher in a new era for Bitcoin and crypto markets. Some analysts believe it might end the current winter. While BlackRock's proposal is intriguing and brings hope, there's no guarantee of SEC approval. But one thing's for sure; its decision is bound to have significant implications for the Web3 industry. Potential Impact If BlackRock gets the green light, it could usher in a new era for Bitcoin and crypto markets. Some analysts believe it might end the current winter. While BlackRock's proposal is intriguing and brings hope, there's no guarantee of SEC approval. But one thing's for sure; its decision is bound to have significant implications for the Web3 industry. https://x.com/stacy_muur/status/1713965352755851595?s=20

How to secure your defi project from potential hacks and vulnerabilities with Sherlock Sherlock is an audit marketplace and smart contract coverage protocol built on the Ethereum blockchain. Sherlock works to protect Decentralized Finance (DeFi) users from smart contract exploits with security reviews from top auditors backed by smart contract coverage on the audited contracts. How is Sherlock different from other audit firms? ➡️ Most audit firms rely on their reputation to convince protocol teams to use them. Sherlock provides something far more valuable than reputation: millions of dollars. If a contract that is audited and covered by Sherlock gets exploited, then Sherlock's staking pools can lose millions of dollars. This is a much stronger incentive to do a good job ➡️ Many audit firms charge 100% more than what they pay individual auditors. This is the "reputation premium." Sherlock can pay top independent security experts more than they would make at leading audit firms. Then Sherlock can offer millions in backing behind the audit. And the cost is STILL lower than what most traditional firms charge. ➡️ Good security work is done by talented individuals. Many audit firms have been known to hide lesser talented individuals behind their overall audit firm reputation. Sherlock is very transparent about the qualifications of our individual auditors. There are 3 main participants in the Sherlock ecosystem: 1) Protocols. Protocols come to Sherlock for audits from top independent security experts. Sherlock offers smart contract coverage on any contracts that are reviewed as part of the audit. 2) Stakers. Stakers deposit USDC into the staking pools in return for rewards. The APY stakers will receive is made up of 3 streams: - Premiums from protocol customers - Interest earned from depositing staker funds into yield strategies (Aave, Compound etc.) - Incentive rewards paid in SHER (Sherlock’s governance token) 3) Watsons. Sherlock’s Watsons (the security experts) do a full audit of each prospective protocol's contracts and provide input as to the risk of the protocol's contracts. Famous projects audited by Sherlock: Optimism, GMX, Gitcoin, Ajna, Perennial, Tokemak, DODO, Arrakis, OlympusDAO and others. Minimum contest rewards is currently $13,500. If you want to get an audit or coverage from Sherlock, you can DM @AlexLutAl

Uniswap will start charging a 0.15% swap fee on certain tokens. This is a positive sign for the defi market. Why? Uniswap is a flagship product, and adding a swap fee can show the whole market an example of a business model for AMM projects and other project types. The big problem with crypto projects is working as a “startup with no income” state or income from selling a token. A bear market forces us to look for profitability models and industry standards, which will undoubtedly have a positive effect in the long term. Let's do a rough calculation: Uniswap total volume from January 2023 - $160B. With a 0.15% fee, Uniswap's income in 2023 would be $240m. Looks impressive. *However, it is worth understanding that the fee adding may reduce the volume of the project, but in the long term, the primary metric is not volume but income.

"Rollups as we know them today are more centralized than anyone can imagine" Andy on the current state of Rollups In the quest to scale Ethereum with rollups, decentralization has been put to the backburner in exchange for immediate feedback loops, accessibility and user acquisition. For better or for worse, the rollup stack today looks far different than the ideal version in the future. If you're reading this, you may have heard of rollups before, used Arbitrum or Optimism or perhaps others...but, if you haven't? In today's post, you'll learn about the underlying technology behind rollups, the search for decentralization in the L2 sphere, and several key teams pioneering these initiatives 👇 https://x.com/ayyyeandy/status/1711806284272382286?s=20

A list of the most anticipated projects in 2023-2024 with the highest fundraising (part 2) ➡️ Fuel Network is an execution layer designed to introduce modularity into blockchains. Fuel v1 began as a layer-2 (L2) scalability technology for a monolithic Ethereum. Raised $81.5M Backers: MH Ventures, Blockchain Capital, Maven 11 Capital, CoinFund, Blockwall, Stratos Technologies, Spartan, Dialectic, TRGC, Bain Capital Crypto, Alameda Research and others. ➡️ Scroll - is a zkEVM-based zkRollup on Ethereum that enables native compatibility for existing Ethereum applications and tools. Raised $80M Backers: Qiming Venture Partners, Polychain, Bain Capital Crypto, Sequoia Capital China, Moore Capital, Newman Capital, IOSG Ventures, OKX Ventures, Variant and others. ➡️ Berachain is a high-performance EVM-compatible blockchain built on Proof-of-Liquidity consensus. Raised $42M Backers: Polychain Capital, Hack VC, dao5, Tribe Capital, Shima Capital, CitizenX and Robot Ventures. ➡️ Zetachain - an EVM-compatible L1 blockchain that connects everything: Build interoperable dApps that span any chain, including Bitcoin; access all chains from one place. Raised $27M Backers: Blockchain com, Human Capital, Vy Capital, Sky9 Capital, Jane Street Capital, VistaLabs, CMT Digital, Foundation Capital, Lingfeng Capital, GSR, and others. ➡️ Taiko is a decentralized Layer 2 blockchain protocol that uses a Zero Knowledge Ethereum Virtual Machine (ZK-EVM). It is designed to be the most Ethereum-equivalent and general-purpose Zero Knowledge Rollup (ZK-Rollup). Raised $22M Backers: Sequoia China, Generative Ventures, BAI Capital, GGV Capital, GSR Markets, IOSG Ventures, Kucoin Ventures, Mirana Ventures, OKX Ventures, Skyland Ventures, Token Bay Capital, Yunqi Partners If you need a team contact to build in these ecosystems - drop me a DM 🫡 @AlexLutAl

A list of the most anticipated projects in 2023-2024 with the highest fundraising Bookmark to schedule integrations! ➡️ Linea is a type 2 zero knowledge Ethereum Virtual Machine (zkEVM) powered by the Consensys team. Raised $726M (Consenys total funding) Backers: ParaFi Capital, Third Point, Marshall Wace, SoftBank Vision Fund 2, Microsoft, SharesPro, Temasek, Raison Asset Management, NJF Capital, Corner Capital Management, UTA Ventures and others. ➡️ Zk Sync - is a Layer 2 scaling solution that offers cheaper and faster transactions than the main Ethereum blockchain using zk-proof scaling technology. Raised $458M Backers: Ethereum Foundation, Dekrypt Capital, A16Z, Placeholder, Dragonfly Capital, ByBit, 1kx, Blockchain Capital, IOSG Ventures, CoinFund, HASHED, Coinbase ventures, Varian and others. ➡️ Layer Zero is a blockchain network's first layer that allows seamless interaction with other protocols to create interconnected value chains. Raised $293.3M Backers: A16Z, Sequoia, OKX, Circle Ventures, Samsung Next, OpenSea Ventures, Chapter One, Christie's, IOBC Capital, Bond, CryptoViet Ventures and others. ➡️ Aleo is a decentralized blockchain platform that aims to provide privacy and security for its users. It uses a combination of zero-knowledge proofs, sharding, and multi-party computation to allow for private transactions and data storage. Raised $298M Backers: SoftBank Vision Fund, Andreessen Horowitz, Slow Ventures, Samsung NEXT, Tiger Global Management, Placeholder, Vision Fund 2, Kora Management and others. ➡️ StarkWare develops zero-knowledge proof technology that compresses information to address the scalability problem of the blockchain, and works on the Ethereum platform. Raised $273M Backers: Paradigm, Pantera Capital, Intel Capital, Sequoia, Consensys, OpenZappelin, Argent, Nethermind, Coinbase Ventures and others. If you need a team contact to build in these ecosystems - drop me a DM 🫡 @AlexLutAl

Detailed Web 3 secondary market report, September 2023 - by SecondLane - $315M in Asks and Bids - 2.6x increase to previous month - $3.1M avg offered amount - 1.4x increase to August - top projects: Celestia, Starkware, Scroll, dYdX, Arbitrum, Optimism, Sei, Aleo, Circle, Consensys More information ⬇️ https://x.com/Second_Lane/status/1709558072366989493?s=20

Hey, Web3 folks!🌍 My name is Alex, and I am excited to say I'm looking for new opportunities in the field of Business Development/Sales About me: My crypto journey started in 2017, and I have 7+ years in Sales and Business Development across various fields, including crypto. I am a member of the Safary 🦁- the biggest community of Business Developers, Growth Leads, and Marketers in Web3. In July 2023, I created this telegram channel for Web3 builders, where I publish defi narratives and short interviews with famous projects: Arkham, RedStone, Safary, Scroll, Hats Finance, and others. My experience will be helpful in: 👉 partnership development 👉 selling crypto-native products 👉 organizing campaigns for user onboarding 👉 cross-chain integrations For more details, check out my CV 👇 Oleksii Lut CV My social media: Linkedin Twitter Telegram Channel I will be happy to discuss various forms of interaction! DM @AlexLutAl 🫡 Reposts are highly appreciated!

Top 50 Crypto Funding Rounds Raised $170M to $900M Each Coingecko Report Key takeaways: - 82% of Biggest Crypto Funding Rounds Happened in 2021 or 2022 Out of the 50 biggest crypto funding rounds, 23 raises were completed in 2021 (46%) and 18 raises were in 2022 (36%). In contrast, only 2 of the top 50 crypto funding rounds were raised in 2023. - Series B & C Raises Led the Top Crypto Funding Rounds Series B and B1 raises were the most common type among the biggest crypto funding rounds, accounting for 17 of the top 50, or a combined $5.7 billion. - 8 Crypto Companies Achieved the Biggest Crypto Funding Rounds Twice Among the 42 crypto startups and companies, 8 ranked twice in the all-time biggest crypto funding rounds: FTX, Bitmain, ConsenSys, BlockFi, Dapper Labs, Amber Group, Bakkt and Alchemy Insights. Methodology The study examined the largest crypto startup funding rounds from 2017 to 2023, based on PitchBook data and publicly available reports as of September 27, 2023.

How FriendTech's $148 Million Volume & 4.1 Million Transactions Benefitted an Entire Ecosystem. Web3 Academy Research Onchain Value Accrual: THE MOST important concept in web3, that nobody is talking about. Let's go 👇 Context: - FriendTech takes 5% of total trading volume occurring on its app - Creators on FT take 5% of total trading volume too - FriendTech pays fees to Base in order for transactions to be executed - Base pays Ethereum to settle the transactions - From the fees, Ethereum burns $ETH and pays its validators ($ETH stakers). - Base pays a 15% fee to Optimism for using its OP Stack Here's how much $$$ each party made from the total trading volume ($148 million) that happened on FriendTech so far: Friendtech = $7,400,000 FT Creators = $7,400,000 BuildOnBase (Revenue) = $736,000 Ethereum (holders and stakers) = $254,000 optimismFND = $72,000 Base (Net Profit) = $482,000 What's the key takeaway? It doesn't matter which apps achieve the greatest success onchain. Value will always flow to the blockchains (execution layer and settlement layer) the apps are built on. It's why onchain value accrual is such a powerful concept. As millions of apps will be built onchain over the coming decade, the underlying tech (blockchains) & the investors who allocate in the right places will reap the most rewards.💰 If you want to be successful & capitalize on the growth of web3, you need to understand this concept! Source: Web3 Academy

The Optimism Journey to the Superchain Future: Quick Summary by Stacy Muur ❯ Ethereum L2s at an all-time high. ❯ Powered by Optimism, OP Stack drives major L2s including OP Mainnet, Base, and Zora Network. ❯ The end goal? A Superchain: a decentralized network of L2 chains. TL;DR ↓ • OP Mainnet boasts US$2.6B TVL. • OP Stack: an open-source blueprint for scalable blockchains. • Next step – Superchain: a group of unified L2 blockchains built using OP Stack. OP Stack Breakdown: • Aims to simplify the creation of L2 blockchains. • Contains layers like Data Availability, Sequencing, Derivation, and others. • Modular approach: builders can mix and match modules to create their desired L2. Superchain Thesis: • A vision of a network of interconnected L2 chains (OP Chains). • Benefits include a hardened code base, atomic cross-chain composability, and shared Ethereum infrastructure. Optimism Collective & Governance: • Optimism Collective: a coalition focused on rewarding public goods. • Retroactive public goods funding rewards impactful projects retrospectively. • Governance involves collaboration between Optimism Foundation, Citizens’ House, and the Token House. Law of Chains: A guide for Optimism's Governance as it evolves to oversee a multi-chain ecosystem. Latest Projects & Metrics: • Post the Bedrock release in June 2023, many OP Stack-based rollups emerged. • Standouts include Base, thanks to its Coinbase integrations and unique events. https://x.com/stacy_muur/status/1706966037747450348?s=20

Hey builders! I want to recommend Onchain Info to leverage the full potential of on-chain data. Onchain Info team develop personalized dashboards, custom-made for projects. You can elevate transparency and on-chain monitoring to new heights, empowering your team and community with a publicly accessible dashboard that serves as a transparent and reliable source of live data (anything on-chain). Dashboard Examples: Base L2 activity (blockchain) https://www.onchain.info/base Eth Gobblers (NFT collection) https://dune.com/Na2/eth-gobblers СhainPort (bridge) https://dune.com/DcentraLab/ChainPort-Analytics Details: https://dune-dash.notion.site/OnChain-Science-Offers-26442fd1b1494a0dbf51b02fdcb30ea3 If you want customized analytics for your project you can drop a dm @Natelkaim 🫡

The main problem of project survival in a bear market is the need for a business model. In my opinion, in the next few years, the invisible hand of the market a vital necessity will define business models for each type of project: DEXes, Lendings, NFT Marketplaces, Aggregators, Yield protocols, and others at which the project can live safely on self-sufficiency without selling its token. This will indeed be a turning point in crypto, when there will be an influx of not only "YOLO" capital but truly smart money. Using Token Terminal statistics, you can see how many fees the most significant crypto projects collect and then can distribute depending on the business model. Currently, only a few dozen projects can boast of a constant influx of funds through fees. https://x.com/Alexx_Lut/status/1706597141597020646?s=20

Ivangbi about the current "crypto projects building" "Why so many infrastructure projects?" "Why no consumer apps?" "Why so much ZK random stuff?" "Where are the users?" "Who are we building for?" "When does the trend reverse?"... IT'S ALL VERY SIMPLE 🥸 1️⃣ Main rule: consumer apps are not valued at 100x, just accept that as a fact. Everyone wants big stories, big air castles, big fat-layer-thesis-shit... and that hasn't changed since 2017 and even before that. As a result, nobody builds consumer-facing apps. Why? You get less valuation premium -> less fundraising and have to do real work -> EW 🤮 💡 "Nobody likes companies with revenues: it's never enough." Well, apart from some Asian countries like Korea that love building consumer facing apps. I am not versed in their market dynamics much, but it probably does contribute to crypto usage growth for some actual use cases. Or LATAM adoption of USDT transfers. That's not air castles! Back to the topic... 2️⃣ Over-infra focus becomes an echochamber, no new users or buyers come in, and devs just sell shovels to each other. It's an easier and more pleasant business. No hard KPIs, very vague stories, big multiples... lovely, ha? We did this before 2016, then in 2018-19, and doing for the past year again. There is 0 new DeFi, 0 new NFTs. It's all shovels! And it's clear why: "show me the incentives and I show you the outcome". The markets then reprice all these multiples and even infra gets hit. And that's when everyone really starts to cry. We are not there yet. So... what do?! 3️⃣ Some realize the problem, bite the lip, and actually build usable stuff. A killer use case gets found, the narratives form, and we are off to new highs. Hopefully. "Somebody else will do it for me" - is not an incorrect assumption. You can continue building shovels as many do, because it's easier to wait than to try to push for adoption yourself. https://x.com/ivangbi_/status/1704762010058011008?s=20

A *successful* web2 start up takes upwards of 3 yrs to reach 10M+ cumulative revenue milestone with a significant employee base FriendTech has just breached 11 mm USD in protocol fees within *39* days, with *3 employees* Hate all you want but there is no denying their success https://x.com/0xjaypeg/status/1703785128005132491?s=20

4 Options for conducting public sales: 1) Token Sale with a fixed price Platforms for token sale with fixed price: Coinlist, Republic and Tokensoft Famous examples: Solana, Axelar, ImmutableX, Mina Protocol, Moonbeam 2) Launchpad method Platforms: Binance Launchpad, Huobi Primelist Launchpad, ByBit Launchpad, A2DAO Launchpad and OKX Launchpad Famous examples: Polygon, Injective, Sui, Axie Infinity 3) Dutch auction Platforms: Fjord Foundry (prev. Cooper launch), Miso Sushiswap Famous examples: Yield Guild Games, Blockchain Space 4) Batch auction Platform for conducting token distribution: Mesa - a permissionless decentralized exchange built on the Gnosis Protocol. Famous example: API3 The first 2 options require the public sales participant to pass the KYC. Third and fourth options are more decentralized and does not require the user to go through the KYC process.