1/ In the lead-up to the #FIFAWorldCup, football fan tokens saw major price jumps of up to 47%. But how did they perform during the tournament?
A short thread on our findings & insights 🧵
2/ National Teams’ Football Fan Tokens rallied as high as 47%, in anticipation of the #FIFAWorldCup 📈
Major football fan tokens representing Argentina (#ARG), Portugal (#POR), Brazil (#BFT), and Spain (#SNFT) saw significant price increases.
Between Nov. 1 and just before the opening matches of the World Cup on Nov. 21, $ARG jumped the highest at 47%, followed closely by the $POR at 45%. $SNFT saw a 11% rise, and $BFT experienced a 4% gain.
3/ Wins and defeats in the World Cup directly affected fan token price performance 🥅
• This year's #FIFAWorldCup was full of surprises, and the results had a big impact on fan token performance.
• Argentina's 1-2 loss to Saudi Arabia resulted in a 24% drop in $ARG token.
5/ Football Fan Tokens used as a proxy to betting 🎰
National football team tokens saw wild price swings based on wins and losses. This may be due to low liquidity on exchanges that support their trading, where trades as small as $1K USD can cause significant price changes.
Enjoyed this thread? Check out the full study and research methodology below!
• Hashflow is a DEX optimized for interoperability, zero slippage, and MEV-protected trades.
• It allows users to trade on multiple blockchains by simply linking their wallet.
• All quotes are executed at their displayed price, without any surprises.
3/ Request-for-quote (RFQ) model
• Hashflow uses a DeFi-native RFQ model that allows users to trade directly with professional market makers.
• Market makers provide liquidity by cryptographically signing quotes that remain unchanged for the duration of the trade.
$XEN has been in the top gas guzzlers on @etherscan since its launch in early October. At its peak, almost 50% of @ethereum's block size was consumed by #XEN.
What is @XEN_Crypto and how does it work? Let's unpack! 🧵
• The $XEN cryptocurrency has no supply limit and leverages the Proof-of-Participation (PoP) consensus mechanism.
• It allows users to utilize Ethereum-based wallets to mint new tokens by paying the applicable Ethereum gas (transaction) fees
• It was created by the Fair Crypto Foundation, backed by ex-Google employee @mrJackLevin.
• Dubbed as a “people’s token”, #XEN is based on principles like “self-custody, trustless consensus, and decentralization.”
From examining the #crypto market landscape to analyzing Bitcoin and Ethereum, how DeFi is making a recovery and NFT winter, here are 6 highlights you shouldn't miss! 👇
• Crypto's total market cap rallied up to ~$1.2T in August, before falling again to end the quarter at 6.5% higher than at the end of Q2.
• After Q2’s significant drop of 50% QoQ, the market was mainly in consolidation mode in Q3.
2/ A muted quarter for stablecoins 🤫
• The Top 15 stablecoins lost 3% of their market cap (-$4.7B).
• $USDC's market cap fell 16% after OFAC's sanction of Tornado Cash.
• $BUSD grew the most, increasing 18% due to inflows from USDC and @binance's BUSD auto-conversion.
With many anticipating its listing on @coinbase, let's take a closer look to understand what @hedera is, its tokenomics, and potential use cases! 👇
1/ What is #Hedera?
• Hedera is a public crypto network and governing entity for creating decentralized applications (dApps).
• It leverages a unique type of distributed ledger technology (DLT) known as hashgraph.
2/ What's a hashgraph?
It's a patented algorithm that provides the benefits of blockchain technology without the hitch of low transaction speeds.
Comparison of transaction speeds for the following networks:
• #Bitcoin - 5 TPS
• #Ethereum - 15 TPS
• #Hedera - Up to 10,000 TPS
With a TVL of around $930M, #Optimism is one of the most popular scaling solutions for @ethereum!
Let's dive deeper to understand what @optimismFND is, how optimistic rollups work, its tokenomics, and more 🧵👇
1/ What is #Optimism?
• Optimism is a Layer 2 solution for #Ethereum to help end-users access dApps with cheaper transactions and achieve a smoother user experience.
• According to @DefiLlama, Optimism currently ranks #8 for the most popular chains by TVL.
2/ How does #Optimism work?
• It works by using optimistic rollups to bundle multiple off-chain transactions in large batches before sending them to the main #Ethereum network.
• This enables Optimism's Layer 2 blockchain to inherit all the security features from Ethereum.