1/ The crypto space's evolution has necessitated stronger server infrastructure to meet the increasing performance requirements of blockchains and their applications.

@Old_Samster dives into why advanced physical infrastructure is crucial.👇🧵 @Old_Samster @Filecoin @sphere_labs @akashnet_ 2/ Newer chains like @avax and @Solana demand significantly higher processing power compared to @Ethereum.

This has driven validators towards being hosted in data centers, given their increased demand for processing power, low latency, and high uptime.

1/ Scalability is a key factor in the crypto space, with the modular approach gaining popularity. However, @Solana has taken a contrarian stance.

@kelxyz_ explains how @jump_firedancer, a validator client developed by @jump_ aims to enhance Solana's monolithic approach.🧵 2/ @jump_firedancer's first milestone, "fd_quic," demonstrated impressive transaction propagation throughput of 1M transactions per second (TPS) in initial performance tests.

But there's more work to be done to achieve the full potential of Firedancer.

1/ Closing out Q1 quarterly reports for 2023, our State of @trondao, $XRP Ledger (XRPL), @Stacks mark our final three releases.

Explore individual protocol highlights and access the full reports below.👇🧵 2/ @JamesTrautman_'s State of @trondao Q1 23' report ⬇️

+Dynamic Energy Model resulted in revenue up 65.5%
+Circulating Mcap of $TRX increased by 18.1%
+Prominent protocols #justlend & #juststables saw TVL increase at 26% and 21% respectively

🔗 zpr.io/YHp2NGq9R926

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.

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.🧵 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.

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. 👇🧵 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.

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.

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. 🧵 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.

1/ The average user experience (UX) in crypto is notoriously lackluster, creating friction points that sour potential users on specific products and/or crypto in general

@bloomberg_seth explains how Account Abstraction and smart accounts look to change this.🧵 2/ Smart accounts introduce a number of features aimed at improving UX, including:

+Gasless Transactions
+Seamless Multichain Operations
+Key Management
+Spending Tiers and Limits

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.

1/ Missed this week's top trends in crypto? Don't worry, we've got you covered!

From speculative market behavior to tokenholder activism, @chasedevens, @kunalgoel, @kelxyz_, @0xallyzach, and @Old_Samster recap the must-know themes below 👇🧵 2/ Milady

After a memecoin crazed week, a specific subset of NFTs saw a resurgance.

Since the beginning of April, the floor prices of Remilia NFT collections (eg @miladymaker & @REMILIONAIRE) have skyrocketed while other blue chip collections have fallen.

1/ What is the "wealth effect" in crypto?

How can we use historic benchmarks from established ecosystems to predict future success?

@0xallyzach explores these questions, diving into the correlation between new token launches, user traction, and ecosystem impact.🧵 2/ So what is the "wealth effect"?

The “wealth effect” arises when user growth is memetically driven by the idea or perception that launching new ecosystem tokens can lead to wealth creation.

1/ We're thrilled to announce our next set of speakers for #Mainnet2023!

Joining us are @prankstr25, Charles Cascarilla, @luledemmissie, Carole House, @jennapilgrim, @Scaramucci, @ashleighschap, @MariaShen, @KMSmithDC, and @veradittakit.

Looking to speak at #Mainnet2023? 👇 2/ Our next speaker submission form is open, focusing on the cold start problem in crypto.

This specific form will focus on founders, builders, operators, investors, or thinkers who understand how tokens can coordinate human activity.

Submit below.
bit.ly/3HQ5HfU

1/ Nothing brings people together quite like meme coins.

@chasedevens breaks down the resurgence of speculative interest in meme coins thanks to the parabolic growth of @pepecoineth. 🧵 2/ Originating in 2013, meme coins, like @dogecoin and @ShibainuCoin gained popularity during the 2021 bull market.

While they lack intrinsic value, they have captivated crypto users and retail audiences with their viral internet meme association.

1/ Exciting news for our Enterprise Customers!

We are thrilled to announce the availability of our fully integrated Diligence Report library, offering targeted asset research to meet all compliance and research needs.🧵 2/ With this update, Enterprise users can purchase access to our complete library of 100+ unique Diligence Reports, as a bundle with flexible pricing, or choose to buy them individually.

To purchase specific reports, users can head over to our Diligence Report dashboard.

1/ While top-of-the-market #NFT projects continue to become more financialized, there are still a number of NFT projects looking to bring utility-driven use cases back to NFTs.

@Saypien_ breaks these down use cases, including token-bound accounts below.👇🧵 2/ What are some of these promising new #NFT utility cases?

+Social Profiles
+Multiplayer Creation
+ Creator Infrastructure
+Token Bound Accounts

While the first three trends expand the utility of traditional NFTs, token-bound accounts offer a perspective shift.

1/ Born from the ashes of @Meta's Diem project, @SuiNetwork aims to address the three main problems of the blockchain: scalability, safe programming, & mainstream adoption.

@CabronElBufon explains how Sui plans to become the principal base layer for smart contracts.🧵 2/ Diving into the technology, what truly set @SuiNetwork apart is its object-centric data model.

While most smart contract platforms use accounts or unspent transaction outputs (UTXOs) to keep track of the blockchain’s state, Sui combines both approaches into a hybrid model.

1/ The residential proxy market has turned into an exploitative venture as providers sell unused bandwidth from unsuspecting residential devices.

Decentralized web proxies look to offer a better alternative for distributed bandwidth.

@sunnydece & @Saypien_ explain below👇🧵 2/ Web proxy protocols represent a growing segment of the DePIN space.

They can be broadly categorized with other protocols that support internet bandwidth sharing.

1/ Crypto needs new applications.

With use cases from previous cycles either extinct or propped up via incentives, why not provide a way to bring Web2 apps onto Web3 rails?

@kelxyz_ walks us through Web3 Functions from @chainlink, @gelatonetwork, and @LitProtocol🧵 2/ What are Web3 Functions?

Web3 Functions enable smart contracts to execute traditional code like JavaScript, allowing Web3 applications to read Web2 data and execute computation on that data, like calling an API and executing code on the returned data.

1/ Derivatives protocols offer traders several advantages over spot trading, including the ability to speculate on future asset prices or hedge their positions.

@SynFuturesDefi looks to separate itself in this crowded space by offering a number of unique features.🧵 2/ How does @SynFuturesDefi work?

> Traders deposit collateral
> Liquidity providers act as counterparty
> Liquidators take over accounts that fall below margin
> Insurance funds backstop liquidators
> Listed assets utilize LWAP oracle, non-native assets utilize Chainlink oracle

1/ What's happening in the DeFi sector?

@chasedevens walks you through key narratives and trends, developments, and sector-specific funding rounds below 👇 2/ For the first time since the end of 21', Ethereum’s 90-day moving average for DEX trading volume is beginning to decrease.

Following $USDC's depeg this March, volumes began following previous trends, as users moved to L2s and alt L1s.