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28 May, 4 tweets, 3 min read
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%.
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.
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
Read @RobertoTalamas's weekly performance report messari.io/article/weekly…

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More from @MessariCrypto

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%.
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.
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.
Read 4 tweets
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
Read 5 tweets
Messari Profile picture
25 May
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
Read 5 tweets
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.
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.
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
Read 4 tweets

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