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9 Nov, 4 tweets, 3 min read
1/ @ArweaveTeam has grown tremendously in the past few months.

On 10/16, the Blockweave – a blockchain-like structure designed to enable scalable, efficient on-chain storage – reached 20TB of data stored on the permaweb.

The first 10TB took 1,139 days, the second took only 87. Arweave data storage is gro...
2/ The catalysts of @ArweaveTeam's exponential growth can be narrowed down to three categories:

+ inexpensive NFT on-chain storage
+ Web3 dApps: social media, music and movie streaming, etc.
+ blockchain storage for layer-1 smart contract platforms Arweave ecosystem (Oct 2021)
3/ @ArweaveTeam's app ecosystem revenue has grown exponentially in the past few months.

According to the @web3index, Arweave has generated the highest network-usage Q3 revenue than any other protocol within the Web3 Index - 5x that of @Filecoin in September and 8x in October. Arweave leads other web3 pr...
4/ Learn more about @ArweaveTeam in the latest article from @Old_Samster messari.io/article/arweav…

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More from @MessariCrypto

Messari Profile picture
11 Nov
1/ The largest DEX perpetual markets primarily focus on @ethereum.

However, a market for @solana perpetuals has grown, with @mangomarkets, @DriftProtocol, and @bonfida leading the way.

The Solana ecosystem now accounts for 0.8% collective volume-share, and is actively growing. DEX perpetual volumes in Et...
2/ The @solana ecosystem has grown significantly over the last month.

At the beginning of October, Solana accounted for roughly 5% of the non-@dydxprotocol DEX perpetual volume.

Fast forward to early November, the 7-day market share has grown just shy of 30%. Ecosystem perpetual volume ...
3/ Despite controlling >1% of total DEX perp market volume, @solana has gained a notable share in markets that matter most to its users.

Solana DEXs will likely be the first to launch markets for Solana ecosystem tokens too, which seeds additional volume and liquidity growth. 7 day volume growth matrix ...
Read 4 tweets
Messari Profile picture
2 Nov
1/ As the @solana ecosystem continues to expand, NFT sales have exploded.

In just its 2nd month of NFT trading, Solana experienced a substantial increase in both the # of projects and trading volume.

By the end of September, total NFT secondary sales volume reached $500M. Solana September witness over $160 million in secondary NFT
2/ As one of the first popular NFTs on Solana, @DegenApeAcademy has benefited both from being a first mover and from the popularity of ape NFTs.

However, the lion’s share of sales were from its first month, so we'll see if the project can maintain its status over time. Degen Ape Academy remain the leading NFT secondary sales vol
3/ Like @ethereum, a few projects possess a majority of the secondary trading volume on @solana.

However, Ethereum NFT projects have several varieties.

If Solana wishes to truly vie for NFT dominance, it will have to support other types of projects beyond collectible pfp NFTs. Solana maintains competitive NFT stats compared to Ethereum
Read 4 tweets
Messari Profile picture
1 Nov
1/ @iearnfinance is made up of multiple products:

+ Vaults
+ Earn
+ Iron Bank
+ Special

Each product provides unique value to the yield aggregator, however the new V2 Vaults have provided the most value in recent months - $3.6B (68%) of the total $5.4B TVL accumulated. Yearn 2021 TVL growth by product
2/ Looking at the first phase of V2 growth from March to June, both deposits of stablecoins and volatile assets increased significantly.

However, the second period of growth is noticeably different. Stablecoin counts in vaults actually declined from mid-September to mid-October. Yearn Top V2 Vault 2021 Growth
3/ $1.5B (57%) of TVL in the top seven V2 Vaults come from 18 partner protocol integrations.

@AlchemixFi is the largest depositor contributing nearly $600M across yvDAI & yvWETH vaults.

@SushiSwap's BentoBox is the second-largest protocol contributor with over $583M deposited. Top Yearn V2 Vault TVL contributed by protocols
Read 4 tweets
Messari Profile picture
28 Oct
1/ Today’s DeFi ecosystem faces an infrastructure risk with the base problem of liquidity - an issue that takes time away from protocol development.

@TokenReactor's model looks to solve this by establishing critical liquidity infrastructure in the form of Liquidity-as-a-Service. The Emerging Protocol Liquidity Spectrum
2/ @TokenReactor is designed as a disaggregated market maker.

In Tokemak’s model, the protocol acts as the technology component with capital and market expertise being sourced from third-parties referred to as Liquidity Providers (LPs), Liquidity Directors (LDs), and Pricers. Tokemak Reactor Structure
3/ @TokenReactor's roadmap began in the summer of 2021 with the initiation of Cycle Zero.

Considered the pre-launch cycle, Cycle Zero consisted of three stages:

+ The DeGenesis Event
+ Genesis Pools
+ The C.o.R.E.

C.o.R.E. 2 is slated to begin in early November, Tokemak Roadmap
Read 4 tweets
Messari Profile picture
27 Oct
1/ "There were 3 main drivers for the major uptick we saw in Compound following the market crash:

+ more favorable market conditions
+ rising collateral value
+ lowered borrowing costs"
- @RyanWatkins_

We're live now with @rleshner and @twobitidiot!
crowdcast.io/e/q3compoundme…
@RyanWatkins_ @rleshner @twobitidiot 2/ "When I look at governance changes that the community implemented, so much happened this quarter - reducing the gas costs of claiming $COMP, adding new supported assets, proposal 62, and much more."

- @rleshner
crowdcast.io/e/q3compoundme…
@RyanWatkins_ @rleshner @twobitidiot For reference of @compoundfinance's governance proposals over the past few months:
Read 11 tweets
Messari Profile picture
26 Oct
1/ @Barn_Bridge is a cross-chain risk management protocol founded in 2019.

It provides composable solutions for investors to hedge against interest rate fluctuations and price volatility.

Their latest product, launched September 2021, is called SMART Alpha. Image
2/ SMART Alpha allows investors to calibrate exposure by choosing a Jr/Sr position in an aggregated pool.

The senior side is better protected when the underlying asset dips but in turn loses out on gains; the opposite applies for jr. users who take leverage on price volatility. SMART Alpha diagram
3/ Every asset pool runs on an epoch-based timeline. The default period advances weekly on Mondays at 14:00 UTC.

Protocol revenue is earned through a fee taken at the end of each epoch, which currently stands at .5% of a given week’s profits and applies to the winning side only. SMART Alpha Fees Distribute...
Read 4 tweets

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