#ArbitrumAirdrop $ARB claim will start very soon

Here are 8 key points you should know to get yourself ready for ALPHA💡🧵
1/ Arbitrum's gas pricing varies from Ethereum🤔

Arbitrum solely relies on a base fee with no option for a priority fee.

Your transactions won't be prioritized with a high tip.
2/ Increase base fee to prepare for unprecedented gas price spikes🚁

Eligible airdrop addresses are ~625k, 2.6x the ATH of Arbitrum's daily active addresses(~240k) .

The gigantic flow will push base fee way above the 0.1 GWEI floor, aiming to break the 166m daily tx ATH.
3/ Increase the gas limit🙌

Gas unit cost on Arbitrum not only includes EVM computation/storage cost like Ethereum.

But also L1 resource fees & L2 specific precompile execution fees.

Avoid decreasing the gas limit to the number of same operations on Ethereum.
4/ Use reliable RPC 💻

Txs are processed on a first come first serve basis, sequencer processes txs chronologically.

Success in broadcasting tx to the sequencer guarantees its execution ASAP.

A dependable RPC also provides accurate gas info to improve your tx's success rate.
5/ Be ready for possible delays in L2 🚦 🕰️ 🕑

$ARB claim opens at L1 block number 16890400, but it's not updated in real-time on L2, causing a potential delay of <1 minute (5 L1 blocks).

This may result in failed claim txs if L2 is not updated to the latest L1 block number.
6/ Be extra prepared for potential disruptions 🐢 🤦

The increase in demand from users will be a stress test for Arbitrum and relevant service providers(nodes, explorers...).

This may cause more casualties and even edge cases.

7/ Make sure to leverage current low gas fees 📡

Since the base fee is cheap(0.1GWEI as of writing) now, make sure you have:
- deposited sufficient ETH gas fee
- pre-approved DEXs
- switched to a reliable RPC
- comprehend the information & knowledge mentioned in this thread
8/ Stay cautious and avoid phishing 🔍

Only click links from official websites to ensure your safety.

More info about Arbitrum airdrop at dune.com/pandajackson42…

Stay up to date for more ALPHA by following @pandajackson42

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More from @pandajackson42

Feb 26
📣@BuildOnBase, the new L2 Superchain incubated by Coinbase, has unveiled 57 launch partners.

Who are they and why were they chosen?

Here are 6 key takeaways 👇
1/ 📊 Coinbase's involvement is less than half

Although Coinbase incubates BASE, only 26 (45%) of 57 launch partners are invested by Coinbase Ventures.

It's worth noting that 15 of them have their own tokens, with 8 listed on Coinbase.
2/💻 Partners are ready

Most partners already have living products. Apart from supporting Ethereum, many of them have experience supporting EVM compatible L2s.

Since BASE is also EVM compatible, it's easy & quick for them to add support for BASE.
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Feb 9
Unlock the secret of Checks

Discover how Checks maximized royalty earnings & learn from @jackbutcher's victory in the battle between Blur and OpenSea

A thread🧵👇 Image
1/12

Checks has taken the NFT world by storm.

After being minted on @ourZORA, its floor price has skyrocketed from 0.0066Ξ to 2Ξ and held the Top 3 trading volumes in recent days.

Image
2/12

Despite its success, Jack didn't receive royalties he deserved.

Jack had set a royalty of 2.5% for Checks.

Volume of Checks surpassed $12m in January.

Jack could have $12m * 2.5% = ~300k royalties.

However, he only received ~$90k, with a loss of ~$210k. Image
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Jan 30
BREAKING: Blur just made a game-changing move to bypass OpenSea's blocklist control

As stated in airdrop announcement, Blur is trying new things for an unprecedented launch.

Here's how they did it & the impact their move will have on the NFT market, esp. for creators&traders👇
TLDR

1. OpenSea & Blur are the top 2 NFT marketplaces.
2. 3 months ago, OpenSea defended against Blur by requiring new collections to block Blur to get enforced royalties.
3. Blur tried removing itself from blocklist but failed.
TLDR(cont.)

4. 3 days ago, Blur took a free ride on OpenSea's Seaport protocol to bypass OpenSea's blocklist.
5. All collections now accessible for trades on Blur.
6. All creators now receive full royalties on both OpenSea & Blur.
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Jan 3
OpenSea issued a new royalty policy on Nov.8: New collections must use onchain enforcement tools to get royalty fees

We investigate several metrics to evaluate the impact of this policy on the NFT industry

If you're an NFT creator/reseacher/degen, spare 5 mins for alpha🧵👇
1/

Onchain enforcement means that NFT collections must block transfer for royalty evading marketplaces in the contract code

After a one month trial, OpenSea suspended the policy on Dec.8

Thus, we focus on the metrics during trial peroid (Nov.8 - Dec.8)

2/

In total, 31.6% of 2215 new collections enforce royalty

Adoption rate of royalty enforced collection rose progressively, from 14% to 40% in 4 weeks
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Sep 29, 2022
@reservoir0x has announced the launch of NFT dataset on @DuneAnalytics.

After 100+ hours of deep diving, I want to explain why this partnership matters to the whole crypto world.

If you are an NFT degen or Web3 data expert, this is the unmissable ALPHA leak for you.

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1. Open data is fundamental to Web3 economy. Dune simplifies the process of analyzing onchain data.

2. Besides onchain data, NFT tokens and marketplaces generate vast offchain data. Reservoir indexes them, and releases relevant datasets on Dune.
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3. Reservoir x Dune make it easy for full-scale NFT analytics. We can expect many new insights to emerge soon.

4. Web3 data analytics is in its infancy. Analysts should be aware of data quality. Degens need to know the methodology of research and verify carefully.
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Jan 21, 2022
0/ Inspired by @tomhschmidt, after spending days researching contract events and cleaning data, I finally made a Dune Dashboard to answer:
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- What are the hidden dynamics behind this race?
A thread 🧵👇
1/ Curve once had >95% share for long time. 2 turning points happened last year:
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- Uniswap added 1bp fee tier pools in November, further occupied a certain share.
two DEXes almost tied entering 2022.
2/ Uniswap V2 only supports xy=k pool, which is not suitable for stable to stable swap. Uniswap V3's design allows LP to deposit tokens in a certain range, opening up scenarios for stable to stable swap. After V3 launched, >95% stable to stable swap on Uniswap comes from V3.
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