J.Hackworth Profile picture
Oct 31 11 tweets 4 min read Read on X
1/ Last night, @variantfund hosted a demo night showcasing 9 teams working at the intersection of Crypto and AI. Here’s a little taste of what these builders are cooking up: Image
2/ Leading off, we had @hyperbolic_labs. @zjasper666 demoed their inference platform and GPU marketplace. They are my go-to inference solution for my personal AI projects and open source models. Image
3/ Next we had @RyanKuhel from @DLPLabs, a Vana Data DAO. He demoed how users can earn tokens by uploading their financial and LinkedIn data, which can then be sold to data providers or AI companies as training data. Image
4/ @MurrLincoln presented @CoinbaseDev SDK and Based Agent, an AI that can autonomously interact onchain.

I’m super excited to try this out myself and start building agents with their SDK. Image
5/ @ashlan_ahmed showed how @getaxal can automate action onchain with notifications and other integrations through verifiable agents. Image
6/ Jai from @NousResearch presented World Sim, allowing anyone to use inference to customize the web to their preferences. Image
7/ @ericxtang from @Livepeer demoed some of their new AI video editing capabilities. Eric used Livepeer’s platform to present as the viral Turkish Olympian Yusuf Dikec. Image
8/ @heyglif presented a plethora of AI-building tools and applications. One of my favorite tools was their Infinite Backrooms tool based on Seinfeld. AI Seinfeld characters were talking to each other around an episode of George getting into crypto. Image
9/ @andrewhong5297 showcased Sage, an AI tool to help you find and explain any smart contract or function, making manual etherscan searching a thing of the past. As an onchain analyst, this has been a game changer and has saved me hours. Image
10/ Finally, Anant presented @AIWayfinder. Wayfinder allows anyone to use natural language to transact onchain and to build custom smart contracts based on whatever their heart desires. Excited to see their community unleash a wave of new creative smart contracts. Image
11/ Thank you to all our presenters and those who came out! I loved seeing so many practical Crypto x AI applications that can be used today. If you are building in this space - my DMs are open.

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More from @jphackworth42

Jun 20
1/ Crypto x AI: Emerging Onchain

As more projects work at the intersection of crypto x AI, we are starting to see how these two technologies can work together reflected onchain

An exploration of how the combined potential of crypto and AI is showing up in the onchain data
2/  AI agents are going to complete the bulk of onchain transactions

This trend is evident with Autonolas prediction market agents. The # of agent transactions has grown by 2x since the start of the year, completing over 38k weekly txs & ~63% of Gnosis Safe txs in the past month Image
2/ Autonolas agents demonstrate that even with ~453 agents acting onchain, their activity generates more transactions than human activity in Gnosis Safes.

Agents enable a future of higher efficiency & task coordination, with their output likely to surpass human onchain activity
Read 9 tweets
Jun 13
1/ Hyperlane is emerging as a strong come-from-behind contender in enabling the modular future.

Hyperlane’s continued expansion to chains has enabled it to process over $1.5B in volume in the last 3 months.

An analysis of Hyperlane is growing into an interoperability leader. Image
2/ Hyperlane is an interoperability protocol that provides a toolkit for developers to streamline multichain connectivity. It allows anyone to set up routes to send messages, tokens, and NFTs across chains.

Their expansion has been permissionless, driven largely by third-parties deploying custom deployments on new rollups and chains.
3/ Hyperlane enables teams to permissionlessly connect chains to create new transfer routes. Notably:

- Over 8+ chains are transferring $2M+ in assets weekly

- +50% of the volume comes from the cosmos ecosystem such as chains such as Injective, InEVM, and Neutron Image
Read 11 tweets
Jul 13, 2023
1/ You may have seen that some L1//L2s have seen ATH for active/new addresses in the past few months

My first response was potential sybilling / farming to blame?

In this analysis, I broke down Layer Zero Usage across chains to answer this question
dune.com/jhackworth/sgu
2/ Everyone knows about the upcoming Layer Zero airdrop, but breaking down the % of network usage by chain for Stargate/L0 in the past thirty days is shocking:

AVAX: 41% of Addresses, 9.3% of TXs
OP: 36.41% of Addresses, 7.76% of TXs
ARB: 788K Addresses, 10.8% of TXs Image
3/ Analysis for the past 30 days also showed that many Stargate/L0 addresses had a majority to all of their transactions related to the protocol. Chains ranged from ~34 - 49% of the addresses having 100% of their transactions directly tied to Stargate/L0 contracts Image
Read 6 tweets
Feb 27, 2023
1/ Are NFT Marketplace Airdrops generating real, long-term success or are they just hype?

My latest research as a guest post for @rabbithole_gg digs deep into the on-chain data to uncover the truth!

Check out the report & 🧵below for top insights

rabbithole.mirror.xyz/s1BFIgK1oIDAiQ…
2/ Since 2022, OpenSea went from a 99% volume marketshare to ~30%

Increased competition from LooksRare, X2Y2, Sudoswap, & Blur had one major advantage: a token.

Whether wash trading on LooksRare or Blur’s volume explosion, users looked to manipulate the system
3/ Majority of NFT buyers generate very little value to marketplaces.

50% of OpenSea addresses did less than $632 dollars in buying volume in the past, generating $15.58 in fees per user

Much of the volume and fees for NFT marketplaces come from its top users.
Read 12 tweets
Jan 23, 2023
Curious about the increased growth on L2s? My latest @DuneAnalytics dashboard breaking down the metrics, users, and protocols that are driving activity on Ethereum, Arbitrum, & Optimism. Top insights in the 🧵below.

dune.com/jhackworth/i-l…
2/ Ethereum still is the hub, but L2s are catching up fast. On 11/21, the combination of OP & ARB txs surpassed Ethereum. However:

-Ethereum has 5x as many active addresses

-OP (4.58M) surpassed Arbitrum (3.68M) in metrics but saw close to a 50% decrease due to end of OP Quests
3/ 93% of Ethereum Addresses in the past year have never left Ethereum. Users of OP (63%) & Arbitrum (59%) tend to be multichain

There have been more wallets on Arbitrum (1.8m) than Optimism (1.3M)

44% of OP wallets are on Arbitrum but only 33% of Arbitrum wallets are on OP 🤔 ImageImage
Read 11 tweets
Dec 8, 2022
1/ Dove into some on-chain data around DEXes post-FTX collapse via @DuneAnalytics thanks to the recommendation of @MetricsDAO. One thing that stood out was how much dominance exists (Top 100 traders do ~75% of volume). Check out some of the top insights below 🧵
2/ In events such as the Luna or FTX Collapse, there is a noticeable volume spike for a few days but then decreases quickly after.

Active Traders / Swaps per Day had been increasing from a bottom in June 22 but has been declining since late October (pre FTX) ImageImageImage
3/ New users to DEXes saw a bottom in early July. There has been a big increase in the number of new addresses to DEXes, making up close to 40% of active traders

With active traders down, this may mean that returning users are not coming back to DEXes at the current moment Image
Read 8 tweets

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