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6 May, 3 tweets, 3 min read
@terra_money's native token $LUNA has grown explosively, rising from a $300 million market cap to $6 billion since the start of the year.

What's driving this demand? Image
Some of these growth factors have included:

+ Simplified UX, removing technical barriers for users
+ Offering of algorithmic stablecoins, backed by a fixed supply reserve token $LUNA
+ Success of Terra's #CHAI, @mirror_protocol , and @anchor_protocol offerings ImageImage
Learn more about @terra_money's growth and success in @JunYu86396810 latest report messari.io/article/terra-…

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More from @MessariCrypto

Messari Profile picture
11 May
@AlphaFinanceLab was off to a strong start after its launch in 2020. Then it suffered a flash-loan exploit, derailing momentum.

With the re-launch of Alpha Homora v2 on the horizon, we revisit Alpha's brief history and look into the future.
@AlphaFinanceLab is a research-based DeFi incubator. Alpha Homora products feature:

+ Leveraged yield farming protocol
+ Stablecoin lending market for us on Ethereum
+ Leveraged yield farming concept to Binance Smart Chains
Upon launch, Alpha Homora was an immediate success, with TVL that grew from $190m in Jan to $1.26b as of February 12, a 6.7x growth in a span of two and a half months. Image
Read 4 tweets
Messari Profile picture
10 May
@dfinity is focused on building the “Internet Computer”, a blockchain network aiming to expand the functionality of the internet.

It aims to build a decentralized, scalable cloud-like platform that can store data, perform computation, and support community-driven governance.
The Internet Computer (IC) is focused on building an open-access internet.

Internet Computer Protocol (ICP) takes the TCP/IP concept one step further via a public compute platform so devs, enterprises, gov agencies can deploy software/services directly to the public internet. Image
The @dfinity Foundation currently has nearly 100,000 academic citations and 200 patents.

+ Dfinity is one of crypto’s most well-funded and publicized projects
+ Mainnet launched May 7, token is slated to launch May 10
+ It has raised the most non-frozen funds at $160m to date Image
Read 4 tweets
Messari Profile picture
22 Apr
Simply noted, DeFi is booming.

In Q1 2021, DEX volumes went parabolic reaching over $217 billion this quarter, up 236% from Q4 2020, and a whopping 8,012% from Q1 2020.

@Uniswap led the pack, with a few following behind

+ @PancakeSwap
+ @SushiSwap
+ @CurveFinance Image
The biggest winner overall in the DEX category?

+ @PancakeSwap

In lieu of the BSC boom in Q1, PancakeSwap grew its market share from 2% to 37% in the quarter. Image
Q1 also saw new DEX expansion...

+ @PancakeSwap becomes one of the largest DEXs by vol
+ @SushiSwap reached peak of 24% market share
+ @Bancor resurgence with V2.1 launch
+ @THORChain cross-chain liquidity protocol goes live
Read 4 tweets
Messari Profile picture
16 Apr
Our @Bancor profile is updated with the latest on the platform and its native $BNT token

Bancor is a unique decentralized exchange (DEX) that uses $BNT as the common price token to fulfill pair trades among users and liquidity pools for hundreds of Ethereum + EOS tokens.
Consensus & Emission:

$BNT supply is elastic with Bancor V2.1. The protocol matches liquidity pool token deposits with minted $BNT and burns $BNT when tokens are withdrawn. Users’ $BNT deposits replace minted $BNT to control inflation.
$BNT launched on 6/12/17 in the largest ICO at the time - $153M

The initial 79.3M $BNT supply was allocated to:

50% - ICO Participants
20% - Project team, contributors, investors
20% - Bancor budget
10% - community development
Read 8 tweets
Messari Profile picture
15 Apr
In March, Uniswap did over $35b in volume, accounting for over 50% of total DEX monthly volume.
TVL reached an ATH over $4.7b, comprising almost 10% of the ~$48b locked on all DeFi-related platforms.
Uniswap V3 (slatted for May 5) will further improve DEX functionality in a variety of ways.

+ Concentrated liquidity: the ability for liquidity providers to make markets within customized price ranges, creating individual price curves.
Read 6 tweets
Messari Profile picture
14 Apr
Cumulative NFT sales surpass $1.1 billion in Q1 Image
Total Q1 NFT marketplaces sales exceeded $350 million with a strong portion coming from crypto art marketplaces like

+ @withFND
+ @SuperRare
+ @opensea
+ @ourZORA
Top NFT projects produced > $750m in secondary sales volume, with $350m in sales in both Feb and March, showing strength in continuous demand past initial purchase.



In the top 15 players, @nbatopshot took a clear lead MoM Image
Read 5 tweets

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