TokenInsight Profile picture
Feb 16, 2023 โ€ข 9 tweets โ€ข 3 min read โ€ข Read on X
TokenInsight Daily #CryptoNews ๐Ÿ“ฐ Recap, Feb 15th
1/ ๐‘ต๐’†๐’˜๐’” ๐‘ซ๐’†๐’†๐’‘ ๐‘ซ๐’Š๐’—๐’†๐Ÿ”
@blur_io launched its long-awaited $BLUR airdrop and aim to establish decentralized governance for the Blur marketplace and to compete with rivals like OpenSea. This airdrop is the largest one in the NFT ecosystem since early last year.
1.1/
The token experienced high volatility and the price drop over 80% from the initial high of $5, the current market activity indicates that the fully diluted market cap of $BLUR is approximately $2.2 billion USD.
1.2/
However, $BLUR looks not that expensive in comparison to competitors when taking into account valuation ratios such as FDV / Volume or FDV / Users.

According to data from @korpi87, both FDV/Volume and FDV/Users for Blur is smaller than sudoswap and looksrare.
2/ ๐‘ฉ๐’Š๐’ˆ๐’ˆ๐’†๐’”๐’• ๐‘ฎ๐’‚๐’Š๐’๐’†๐’“๐’” & ๐‘ณ๐’๐’”๐’†๐’“๐’”๐ŸŽ–๏ธ๐Ÿ’”
3/ ๐‘ถ๐’•๐’‰๐’†๐’“๐’”๐Ÿ—ž๏ธ
โ€ข Way Network to Help Algorithmic Stable Currency Projects Become zkOmnichain Stablecoins.
โ€ข Proposal to Enable $SUDO Transferability Will Be Voted Again After First Proposal Fails to Pass Quorum.
โ€ข Coinbase to List Access Protocol ($ACS).
3.1/
โ€ข Eligible OKX Customers Impacted by $BLUR Deposit Delays Will Receive up to 500 $OKB
โ€ข Final Fantasy Maker Square Enix to Launch NFT Game on Polygon
โ€ข Abu Dhabi Commits Over $2 Billion to Fund Web3 Startups.
4/ ๐‘ต๐‘ญ๐‘ป ๐‘ด๐’‚๐’“๐’Œ๐’†๐’•๐’‘๐’๐’‚๐’„๐’†๐’”๐Ÿ–ผ๏ธ
Read the full newsletter with source at
tokeninsight.com/en/research/daโ€ฆ

โ€ข โ€ข โ€ข

Missing some Tweet in this thread? You can try to force a refresh
ใ€€

Keep Current with TokenInsight

TokenInsight Profile picture

Stay in touch and get notified when new unrolls are available from this author!

Read all threads

This Thread may be Removed Anytime!

PDF

Twitter may remove this content at anytime! Save it as PDF for later use!

Try unrolling a thread yourself!

how to unroll video
  1. Follow @ThreadReaderApp to mention us!

  2. From a Twitter thread mention us with a keyword "unroll"
@threadreaderapp unroll

Practice here first or read more on our help page!

More from @TokenInsight

Feb 17, 2023
TokenInsight Daily #CryptoNews ๐Ÿ“ฐ Recap, Feb 16th
1/ ๐‘ต๐’†๐’˜๐’” ๐‘ซ๐’†๐’†๐’‘ ๐‘ซ๐’Š๐’—๐’†๐Ÿ”
HK's plan to become a crypto hub by officially legalizing crypto trading has led to a surge in crypto markets, amidst the US regulators' war on crypto. This move is expected to make it easier for money from China to flow into digital assets.
1.1/
Crypto experts have commented on the bullishness of this development, with predictions of an emerging Asian stablecoin and a shift away from U.S. dollar.
Read 8 tweets
Feb 16, 2023
As the "Incubator" in the @arbitrum ecosystem, @CamelotDEX brings plenty of liquidity to it.

#TokenInsight has rated Camelot as a B

So what is Camelot? What makes it special?
Let's find out๐Ÿงต๐Ÿ‘‡
#CryptoRatings
In this thread, we'll introduce camelot and breakdown our rating score into the main 6 dimensions๐Ÿ‘‡

I/ Intro to Camelot
II/ Rating Breakdown
1/ Tech & Security
2/ Tokenomics
3/ Performance
3/ Ecosystem
4/ Upcoming Projects
I/
@CamelotDEX is a DEX built on Arbitrum. It has developed a set of customizable liquidity infrastructures, designed to provide more liquidity and composability to Arbitrum. In addition, Camelot also contains a Launchpad that helps Arbitrum projects to conduct token public sales
Read 14 tweets
Feb 15, 2023
Composability๐Ÿ’ is a core feature of DeFi, enabling developers to integrate existing protocols to create new services. @GMX_IO is one of them.

This is a comprehensive guide to all 28 projects on GMX.
๐Ÿงต๐Ÿ‘‡ covers a few, find the full guide link in the last tweet

#CryptoResearch Image
In this thread, we'll cover 5 project categories๐Ÿ‘‡

1/ Vaults, the biggest category with most projects.
2/ Lending, enabling degens to borrow against their GLP holdings and add leverage to their yield farming.

3/ Options
4/ Social Trading
5/ Others Image
1.1/ @MIM_Spell
Abracadabra is the largest auto-compounding GLP farm with a TVL of $15.47 million. With magicGLP, the ETH yield generated is automatically reinvested into magicGLP, which maximizes returns. The value of magicGLP will increase over time due to the auto-compound.
Read 18 tweets
Feb 15, 2023
We listed 110 new projects last week๐ŸŽŠ.

The top๐Ÿ†3 in terms of 24h trading volume are:

โ€ข @blur_io, an #NFT marketplace for pro traders on @ethereum.
โ€ข @Coredao_Org, an L1 blockchain with the composability of an EVM chain.
โ€ข @SmartFinanceNFT, a #GameFi ecosystem on Ethereum. Image
1/
The graph shows the tokens with a trading volume of more than $1.3m in the past 24 hours, their overall price changes, as well as the corresponding community info. Image
2/
Most of the projects were launched on @ethereum and @BNBCHAIN, with #DeFi, #Meme and #NFT as the main fields. Although more than 30 new DeFi-related tokens were listed, most of them performed average. The ones with the most heat are in NFT and #Game.
#AI is still hot as well. Image
Read 12 tweets
Feb 15, 2023
TokenInsight Daily #CryptoNews ๐Ÿ“ฐ Recap, Feb 14th Image
1/ ๐‘ต๐’†๐’˜๐’” ๐‘ซ๐’†๐’†๐’‘ ๐‘ซ๐’Š๐’—๐’†๐Ÿ”
The collapse of Terra's UST has impacted the decentralized stablecoin ecosystem, but $DAI, $FRAX, $LUSD, and sUSD have survived the volatile period. Newer upcoming Aave's $GHO and Curve's crvUSD have introduced innovation in the space.
1.1/
$DAI is the most established and widely used decentralized stablecoin. $DAI has shifted its focus to generating revenue from RWAs (real-world assets).
Read 8 tweets
Jan 13, 2023
Could @GMX_IO collapse in a bull market?

In this ๐Ÿงต๐Ÿ‘‡we will walk you through:
how an imbalance between longs/shorts in a bull market will reduce GLP returns, decrease GLP AUM and liquidity, and trigger a death spiral.
#CryptoResearch
2/
In a bull market, GMX shorts not only do not receive funding fees but also have to pay borrowing fees.

As a result, GMX will be 95%+ long in a bull, as evidenced by OI between 2021-9-1 and 2021-11-10.
3/
GLP was losing money to traders during that period as well.

Traders made a profit of ~$5 million.
Read 8 tweets

Did Thread Reader help you today?

Support us! We are indie developers!


This site is made by just two indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member ($3/month or $30/year) and get exclusive features!

Become Premium

Don't want to be a Premium member but still want to support us?

Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal

Or Donate anonymously using crypto!

Ethereum

0xfe58350B80634f60Fa6Dc149a72b4DFbc17D341E copy

Bitcoin

3ATGMxNzCUFzxpMCHL5sWSt4DVtS8UqXpi copy

Thank you for your support!

Follow Us!

:(