1/ @virtuals_io just launched their v2 AI Token launch platform and in less than 12 hours:
• 244 Tokens have been created
• 134,000 $VIRTUAL has been spent
• +3.9 Million in Virtual Trade Volume
• +750 Wallets doing +8,500 Trades
Lets dig in 🧵(dash at end)
2/ Before a Token reaches a $420,000 market cap, it is only tradable in Virtual. There's also a 1% fee on trades
On Day 1 (we only had ~8 hours of trading) we saw:
- 725 Wallets Trading
- 7,006 Trades
- 3,502,107 Volume in Virtual Traded (+$1.6 Million)
3/ To combat bots and snipers, the Dev launching the token has the ability to make the first purchase. This allows them to set aside a % of the circulating supply
73% of Tokens Launched, this has been 0-5% of the supply
3% of the Tokens Launched, this has been 35-50% of supply
4/ So far there's only been one token that's reached $420,000 and graduated. Gratz @VaderResearch
More I'm sure will come and this gives additional volume for Virtual and locks up the token in pools.
The 1% fee on trades also provides a source of Rev
5/ As a token grows in market cap it also gets access to new AI capabilities
Very curious to see how these will get used by creators
6/ AI Agents are only going to get easier to launch and access. Virtuals is leading the charge on @Base and this dashboard gives insight to Volumes, DAW, and more
All these give more utility for VIRTUAL and looking forward to how things develop
@Starbucks made their entry into web3 with their Odyssey program. I got access and earned my first stamp, navigated the marketplace, and explored @0xPolygon self custody options
Think many web2 companies will use this model to enter the space 🧵
Back in Sept 2022 the waitlist went out for Odyssey. You can still signup today and when you get an invite, you need a Starbucks Rewards account and everything is connected via email
Read the intro, choose an Avatar, and you're set to go
Game Tokens are a novel underdeveloped solution in Web3 gaming to balance game economies. The ecosystems are not zero sum, but do have limited value that needs to be managed
2/ First we need to understand there is a supply and demand side to Game Token balance. We’re going to use SLP by @axieinfinty in all the examples because it has the largest P2E economy
1/ @PegaxyOfficial had a very strong week. Despite the large 2 week VIS claim cycle, demand was through the roof for Pegas
The circulating VIS supply increased by nearly 65% but price remained high. Let's take a look at some reasons why?
2/ When total supply goes up, this is equivalent to inflation. We'd expect to see prices dip when this happens rapidly shown below, but demand remained strong for this week and prices increased for VIS
Local high demand can do this but let's take a closer look at VIS holders
3/ Below is a snapshot of the largest VIS holders on 1/15/22. The two largest holders are the VIS-USDT and VIS-PGX pools on Kyber and notice the total holders is 9,423
Exporting this data we can see:
Top 1000 Wallets Hold 82% of VIS supply
Top 3300 Hold 95%
Top 4140 Hold 99%
1/ There’s been a lot of talk about @AxieInfinity economics recently with the SLP Price. I want to give a lot of numbers and few thoughts on the subject. A 🧵
2/ First the numbers:
- There’s roughly 22.8 Billion SLP in circulation
- Axie has close to 3 Million DAUs
- SLP has ~1.5 Million total Holders
◆ 145K on ETH and 1.37M on Ronin
- AXS has ~160K total holders
◆ 46K on ETH and 115K on Ronin
3/ Numbers continued:
- Currently around 20K new Axies/day
- ~250M SLP being minted/day (varies a lot)
- ~50M SLP burn/day by breeding (varies a lot)
- ~$6.6 Million/day rewards from AXS staking
◆ Using AXS = $102
1/ The week of November 15th was rough for Axie with dropped txs and many scholarships doing payouts
After going through 640,000 blocks over a 22.3 day span, I wanted to paint a picture of what unfolded and how @AxieInfinity bounced back and improved Ronin for future growth
2/ Even before Nov 15th, capacity was being pushed. There was a steady trend up of % full blocks while the average stayed roughly the same. This was the start of the Free Gas RPC coming under high load.
Dropped txs were steadily rising until...
3/ Nov 15th. This date is significant since scholarships(including my own) that do payouts twice a month typically do them the 1st and in the middle of the month
The extra load pushed the free gas RPC over it's capacity