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Sep 9 • 4 tweets • 3 min read
1/ With less than seven days until the Merge, crypto natives and protocols are preparing.

What recent events and trends have shaped the past couple of weeks?🧵
2/ Since the unwind of #3AC and @CelsiusNetwork in June, #Ethereum liquid staking derivatives have traded on secondary markets at a material discount to the price of $ETH.

@LidoFinance's $stETH, reached a 6.6% discount during the forced selling.
3/ @solana NFTs have made a strong comeback over the last two weeks following a summer of low interest.

Daily NFT sales volume and unique buyers recently spiked back to all-time-high levels set in May.
4/ Stay up to date with context on the events and trends that shaped the recent weeks in crypto.

Explore the full Bi-Weekly Recap: August 26 - September 8 from @chasedevens.

messari.io/article/bi-wee…

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More from @MessariCrypto

Messari Profile picture
Sep 8
1/ @Stepnofficial once accounted for 20% of the daily fee-paying users on @solana.

After its crash, the team has been busy adjusting the game to improve user experience and tokenomics.

Can STEPN be fixed? Or is the game's model past saving?🧵
2/ During Q2 profits were sky-high at $122.5M. Daily active users (DAU) increased 100x.

That explosive growth was followed by an explosive decline.

DAU dropped by 80%, reducing revenue and leaving existing players with no new market participants to trade with.
3/ On top of declining demand, @Stepnofficial saw the supply of its utility token $GST overinflate.

In an effort to reduce $GST supply, @Stepnofficial has introduced additional token sinks, expanded into other ecosystems to increase demand, and reduced cheating.
Read 4 tweets
Messari Profile picture
Sep 7
1/ Last month we launched part 1 of the "bear necessities" series, evaluating trends that could catalyze the next bull market.

With the same framework in mind, let's assess the infrastructure trends that could catapult crypto out of the bear.🧵 Image
2/ A new batch of Layer-1s seeking to solve crypto's user experience and scalability challenges.

These upstart Layer-1s are more specialized than their predecessors and can thus offer much faster execution, lower transaction costs, and specialized components. Image
3/ Modularity is gaining attention on both a functional basis and a chain construction basis.

Functional modularity, popularized by rollups and @CelestiaOrg, involves creating standalone chains to each handle a different core blockchain function. Image
Read 6 tweets
Messari Profile picture
Sep 6
1/ To date, the monolithic approach has limited either speed, decentralization, or security, in short not addressing the scalability trilemma.

So how can a monolithic chain like @solana defeat its modular counterparts? Image
2/ Lets start with the key components of a blockchain. Blockchain components can be broken down into security, execution, and data availability.

Monolithic chains have one set of validators securing each function while modular chains have a different set for each sub-function. Image
3/ While most monolithic chains are capable of handling straightforward functions, issues can arise when you try to add more complex transactions.

This is the argument for modular blockchains. By segmenting these functions they can be individually optimized. Image
Read 6 tweets
Messari Profile picture
Sep 2
1/ Our analysts were busy last month!

Let's run through some August 22' report highlights and see if we can find any alpha. 📰 Image
2/ You're probably sick of hearing about it at this point but the Merge is just days away.

For all of our speculatoooors out there, $ETC price has typically been driven by major upgrade news in the past. Image
3/ Centralization came into focus after the @TornadoCash sanctions.

While chokepoints still exist across the infrastructure stack, the Proof of Physical Work token distribution method provided by Web3 infra could be the next catalyst to spark a bull. ImageImage
Read 7 tweets
Messari Profile picture
Sep 2
Next week - Sept 6-8 - @twobitidiot is hosting Twitter Spaces w/ #Mainnet2022 speakers to discuss some of the🌶️spiciest🌶️topics in crypto!

See the lineup👇
Tuesday, Sept 6 at 12 pm ET - Regulatoooors: Wen Clarity?
Wednesday, Sept 7 at 12 pm ET - The New Economics of Ethereum's Merge
Read 5 tweets
Messari Profile picture
Sep 1
1/ Born in the wake of @ethereum's 2021 gas wars, alt-layer 1s were created to provide a cheaper and faster user experience.

@klaytn_official was designed for high TPS, low latency, and near-instant finality, with an emphasis on enterprise-level solutions. 🧵
2/ @klaytn_official is composed of three networks:

+Core Cell networks (CCNs) perform consensus

+Endpoint Node Networks (ENNs) connect the CCN with users, applications, and Service Chains

+Service Chains allow apps and enterprises to have their own execution environment
3/ Like many other alt-L1s, @klaytn_official activity did not take off until the second half of 2021.

During this period, Klaytn’s circulating market cap (i.e., network value) also increased to as much as $4.75B, ranking it 40th among all cryptocurrencies.
Read 4 tweets

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