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25 May, 5 tweets, 3 min read
Issuing and managing social tokens is complex. Platforms have emerged to handle the issuance process, distribution, and transactions including
+ @rally_io
+ @tryrollhq
+ @fyoozapp
+ @ourZORA Image
Since social tokens are still relatively new, the language and definitions are not entirely agreed upon. However, social tokens are generally divided into a few categories:

+ Personal Tokens
+ Community Tokens
+ Social Platform Tokens Image
Some social tokens have already amassed significant valuations.

Several personal tokens possess circulating market caps of several million dollars.

+ @whale_community
+ @rally_io
+ MORK Image
There are pros and cons to how social tokens are used. Some tradeoffs include

+ Discounting potential future value
+ Responsibility to provide continuous value
+ Social Scalability
+ Regulatory, Technical, & Operational Risk
To learn more about Social Token Platforms and Issuance via Messari Analyst @masonnystrom's Social Token Bible
messari.io/article/the-so…

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More from @MessariCrypto

Messari Profile picture
28 May
Week ending May 27th saw a quick reversal to last week’s market crash.

This week with market sectors, Web3 (+3.7%) and DEXs (+2.2%) had positive performances. Others didn't recover as well.

+ Smart Contract Platforms, -1.8%
+ Currencies, -3.5%
+ DeFi, -3.9%. Image
Cumulative performance across sectors sunk as much as 30% by mid-week but quickly bounced back.

Web3 and DEXs finished the week with a 28% return while Smart Contract Platforms ended with a 23% return. Image
All sector portfolios saw a spike in volatility starting mid-May as the market declined. After the crash, the DEX portfolio experienced the highest increase in volatility from 6% to 12.5% over the past two weeks. DEX portfolio includes

+ @Uniswap
+ @PancakeSwap
+ @THORChain Image
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Messari Profile picture
27 May
Macro update: Crypto investors should focus on token dynamics, global macro, equities, and credit markets to understand the direction of cross-asset flows.

Recent cryptoassets correlation to Bitcoin among tokens has increased to greater than 60%, with some reaching highs of 80%. Image
Bitcoin increasingly correlates to global macro factors. After the Fed announced that they shouldn't raise interest rates until 2023, both store-of-value/risk-on assets rose.

The short term correlation between gold and Bitcoin made institutional investors pay attention. Image
Since the Fed’s initial announcements, various data points signal the economy overheating. But is tapering a real concern?

Not for broad markets but arguably for Bitcoin considering how fiat-based institutional investors are at the far end of the risk spectrum.
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Messari Profile picture
26 May
@yaxis_project brings DeFi yields to users within an easy interface that simplifies the complexities of yield farming.

Yield aggregation is a new area in DeFi with TVL 3x'ing this year to $6.1B including players

+ @iearnfinance
+ @VesperFi
+ @BadgerDAO
+ @harvest_finance Image
Competition is fierce, but @yaxis_project has plans to take yield farming to the next level starting with their "Era 1" which includes

+ Strategy vaults (multi-strategy “Metavaults”)
+ Governance token, $YAXIS
+ Liquidity pools to allow for token purchases.
yAxis offers users 2-click access to its v2 MetaVault, where users deposit stablecoins such as $DAI, $USDC, $USDT – in exchange for $3CRV tokens, with are then deposited in return for a MetaVault Token (MVLT).

$MVLT tokens can be staked to earn $YAXIS rewards. Image
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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.
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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.
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
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
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