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Sep 19 • 5 tweets • 2 min read
1/ After the 🤯 moments that happened at Mainnet last year, surely you're not going to miss #Mainnet2022?!

Let's reminisce... 🧵

And grab a ticket👉 mainnet.events/page/2090722/r…
2/ The talk of the conf last year...

Do Kwon, Co-Founder of recently defunct Terra, got served by the SEC. And that wasn't the end of that story... 😵‍💫
3/ Then @twobitidiot got on stage and announced his run for Senate in 2024.

Maybe it'll be President this year? Jokes aside, Messari donated $250k to DC policy advocacy groups to protect crypto in the US.
4/ And we had an amazing lineup of speakers, some of who are back again this year!!
5/ Can't wait to see Sept 21-23 at Pier 36 in NYC for #Mainnet2022.

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More from @MessariCrypto

Messari Profile picture
Sep 19
1/ @kunalgoel & @dunleavy89 have chronicled @ethereum's 3rd quarter performance with over 25 charts in their FREE State of #Ethereum Q3 report. 👇 Image
2/ Crypto markets rebounded in Q3 2022, partially recovering from the meltdown in Q2.

#ETH outperformed from a price perspective in anticipation of the changing tokenomics and users accumulating spot assets on the potential for airdrops stemming from The Merge. Image
3/ The protocol’s revenue was brought down by the combination of another crypto bear market, increased volume on L2s, and the upgrades in protocol contracts for gas efficiency.

Consequently, total fees fell off a cliff in Q3, dropping to their lowest levels since 2020. Image
Read 4 tweets
Messari Profile picture
Sep 18
1/ The successful @Ethereum #Merge has everyone singing The Merge Song.

Let's check out some highlights tied to one of the biggest events in crypto history.🧵
2/ In an attempt to squeeze out extra profits from GPU mining rigs, miners and speculators migrated hashrate en masse to @eth_classic.

The peak hashrate of $ETC at almost 315 TH/s (Terrahashes per Second) is close to half of @Ethereum’s pre-merge hashrate.
3/ In contrast, the $ETHW Proof of Work fork hasn’t been able to sustain high levels of hashrate post-merge.

It isn’t likely to recover.
Read 5 tweets
Messari Profile picture
Sep 18
1/ @API3DAO differentiates itself from existing oracle solutions by providing full transparancy data feeds to its consumers and on-chain service coverage in the event of API malfunctions.

So how does the technology behind API3 work? Image
2/ To accommodate developers' needs, API3 has a modular design with three layers built on top of each other:

+Protocol layer
+Middle layer
+Top layer.

Depending on development needs, a dApp can consume API3 services at each of the three layers. Image
3/ The native token, $API3, is used for two main purposes:

+Governance
+Staking

Tokenholders who stake their API3 receive a pro-rata share of the protocol staking rewards.

These rewards are paid in exchange for taking the risk of slashing should dAPI malfunctions occur.
Read 6 tweets
Messari Profile picture
Sep 17
1/ @Everscale_net began as a community effort to revive Telegram Open Network (TON), a project led by @telegram that was discontinued due to regulatory issues.

Everscale’s development teams aim to implement several key features to improve upon the drawbacks of Ethereum. 🧵 Image
2/ @Everscale_net's unique "workchain" structure supports both data sharding and dynamic multi-threading.

This combination allows for both performance and scalability. Image
3/ In addition to this development, @Everscale_net is transitioning its current consensus mechanism to a new consensus mechanism called Soft Majority Fault Tolerance (SMFT).

This structure helps time to finality while still remaining secure.
Read 6 tweets
Messari Profile picture
Sep 17
1/ The @optimismFND governance fund ended season 1 distributing 42M in $OP tokens to projects in the Optimism ecosystem over four voting cycles.

As season 2 kicks off, let's analyze the effectiveness of the season 1 incentive structure. 🧵 Image
2/ When observing the growth of users and transactions, it’s clear that the preceding airdrop farming increased both the number of users and the number of transactions on @optimismFND.

Whether users will stay on Optimism following the end of these programs remains to be seen. Image
3/ To date, $OP incentives have arguably been the most successful in attracting liquidity to the OP network’s ecosystem.

As incentive programs continue to roll out, liquidity mining should continue to draw capital to the @optimismFND chain. Image
Read 6 tweets
Messari Profile picture
Sep 15
1/ With the rollouts of Fraxswap and Fraxlend, @fraxfinance has become the first DeFi protocol to offer stablecoin, liquidity, and lending services under one umbrella on #Ethereum.

Let's see how Frax is leveraging full-stack control to support the $FRAX stablecoin. 🧵
2/ $FRAX is a partially collateralized algorithmic stablecoin backed by $USDC and $FXS, the protocol’s native governance token.

While the minting and redemption value is held constant, the proportion of $USDC to $FXS backing $FRAX depends on its dynamic collateral ratio.
3/ Frax V1 solidified the idea of an Algorithmic Market Operations (AMOs) controller that could serve as the protocol’s base stability mechanism.

Building on this, Frax V2 introduced a set of generalized AMOs to carry out arbitrary $FRAX monetary policy on the open market.
Read 8 tweets

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