1/ In a bear market, it's crucial to focus on long-term market developments and product announcements to understand what may support or drive new waves of app development.
@Saypien_, @Old_Samster, & @chasedevens dive into this week's key developments and product announcements.🧵
2/ Aligned, a high-performance compute provider, predicts the zero-knowledge proofs (ZKPs) market to reach $10B by 2030.
ZKPs verify computations and ensure privacy in transactions. #Ethereum is expected to capture 66% of the market.
3/ @LensProtocol, a decentralized social graph protocol, introduced Momoka to decrease transaction costs and improve stability.
Lens has seen a 75% decrease in transaction costs, making consumer applications more viable. Momoka is a game-changer for building foundational layers.
4/ @sphere_labs partnered with @helium to offer streamlined fiat on-ramp experience.
Businesses can now purchase decentralized infrastructure services using standard cash payments, expanding the customer base for #DePIN protocols. @solana's ecosystem grows stronger.
5/ @ourZORA, a crypto creation platform, announced a testnet for their optimistic rollup.
Zora is tailored for creators and consumer applications, enabling lower transaction costs and relaxed monetization constraints. An exciting space for creator business model experiments.
6/ @FantomFDN rolled out the Gas Monetization Program, rewarding dApps with a share of gas fees.
By redirecting transaction fees to dApps, this sustainable economic incentive encourages network growth. Learn more about this shift in Fantom's economic structure.
7/ Understanding market developments and product announcements is crucial for future application markets. Want to learn more?
Check out the full report from @DustinTeander, @Old_Samster, and @chasedevens.
messari.io/article/weekly…
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