Thread by @MessariCrypto

1/ In a bear market, it's crucial to focus on long-term market developments and product announcements to understand what may support or drive new waves of app development.

@Saypien_, @Old_Samster, & @chasedevens dive into this week's key developments and product announcements.🧵

2/ Aligned, a high-performance compute provider, predicts the zero-knowledge proofs (ZKPs) market to reach $10B by 2030.

ZKPs verify computations and ensure privacy in transactions. #Ethereum is expected to capture 66% of the market.

3/ @LensProtocol, a decentralized social graph protocol, introduced Momoka to decrease transaction costs and improve stability.

Lens has seen a 75% decrease in transaction costs, making consumer applications more viable. Momoka is a game-changer for building foundational layers.

4/ @sphere_labs partnered with @helium to offer streamlined fiat on-ramp experience.

Businesses can now purchase decentralized infrastructure services using standard cash payments, expanding the customer base for #DePIN protocols. @solana's ecosystem grows stronger.

5/ @ourZORA, a crypto creation platform, announced a testnet for their optimistic rollup.

Zora is tailored for creators and consumer applications, enabling lower transaction costs and relaxed monetization constraints. An exciting space for creator business model experiments.

6/ @FantomFDN rolled out the Gas Monetization Program, rewarding dApps with a share of gas fees.

By redirecting transaction fees to dApps, this sustainable economic incentive encourages network growth. Learn more about this shift in Fantom's economic structure.

7/ Understanding market developments and product announcements is crucial for future application markets. Want to learn more?

Check out the full report from @DustinTeander, @Old_Samster, and @chasedevens.
messari.io/article/weekly…