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Jun 2

@Saypien_

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.

@LensProtocol

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.

Read 7 tweets

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@MessariCrypto

Jun 2

@xmtp_

1/ @xmtp_ is revolutionizing Web3's messaging layer with its generalized protocol and network.

@sunnydece explains how XMTP enables end-to-end encrypted messaging between on-chain addresses and the project's approach to mass adoption.🧵

@xmtp_

2/ How does @xmtp_ work?

XMTP acts as a bridge between blockchain addresses, allowing secure messaging.

XMTP inbox is tied to a user's address and portable between apps.

Users can access and send messages through various apps, fostering continuity and interconnectedness.

@xmtp_

3/To facilitate its feature set, @xmtp_ uses a peer-to-peer network w/ end-to-end encryption.

These design choices make message contents inaccessible to nodes, and metadata anonymized.

The protocol also supports 1:1 and 1:many messaging and notifications.

Read 6 tweets

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Jun 1

@ph0rt0n

1/ @ph0rt0n compares the financial, network, and ecosystem analyses of 14 Layer-1s (L1) in Q1'23.

Featured L1s include @avax, @BNBCHAIN, @Cardano, @ethereum, @harmonyprotocol, @hedera, @NEARProtocol, @Polkadot, @0xPolygon, @solana, @Stacks, @tezos, @trondao, and @WAX_io. 👇🧵

@ethereum

2/ The crypto market rebounded in Q1'23, with the market cap of featured Layer-1 (L1) smart-contract platforms increasing by an average of 83% QoQ, but still down 58% YoY.

@ethereum had the highest market cap, over 2x the other networks combined.

@ethereum

2/ @ethereum generated the highest revenue in Q1, driven by its high usage and gas fees. Its revenue was $457M, almost 2.8x the combined revenue of all other featured L1s.

@hedera had the most significant revenue growth, with a 489% increase QoQ, driven by its Consensus Service.

Read 11 tweets

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@MessariCrypto

Jun 1

@sunnydece

1/ Decentralization is key to a resilient Proof-of-Stake network.

Let's explore the benefits, challenges, and new standards set by @sunnydece and @theSamPadilla for measuring and improving operational decentralization in public PoS networks. 🧵

2/ In a PoS system, validators play a crucial role as the backbone of global computing platforms.

They validate and record transactions, ensuring consensus on the chain of blocks.

Understanding their functions and operational factors is essential to measure decentralization.

3/ Exploring operational decentralization in PoS networks, we examine factors like hardware requirements, ongoing expenses, stake delegation, and active validator set caps.

Network design impacts diversity of operators and resource-intensive infrastructure choices.

Read 16 tweets

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May 31

@solana

1/ @solana, known for its low transaction costs and quick confirmation times, has found its strength in consumer products with lower-value transactions.

@0xallyzach dives into some key insights and trends shaping Solana's ecosystem and user activity. 🧵

@solana

2/ Despite the decline in on-chain liquidity, @solana's developer ecosystem has shown resilience.

They have been actively building new functionalities, especially in the consumer sector, including programmable #NFTs and compressed NFTs.

@solana

3/ While @solana's TVL has depreciated since the beginning of 2022, it's important to note that TVL is primarily a measure for #DeFi protocols.

Solana's focus on consumer applications has led to a shift in user activity away from DeFi and toward consumer protocols.

Read 14 tweets

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@MessariCrypto

May 12

@Old_Samster

1/ Decentralized solutions for storing structured and dynamic data are crucial for Web3 apps, yet they have been lacking.

But emerging projects are now addressing this need.

@Old_Samster shares insights on these solutions below.👇🧵

2/ The Web3 app stack consists of four main components:

+Smart contract layer
+File storage
+Database
+General infrastructure

To create fully decentralized applications, decentralized databases must be included.

3/ Currently, Web3 app developers use two main methods for storing structured, mutable data:

+Smart contracts
+Centralized databases

However, each option has its tradeoffs and none of them fully satisfy developers' needs.

Read 8 tweets

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