State of Moonbeam Q4 2023

In Q4 2023, the @MoonbeamNetwork saw substantial growth and development.

XCM activity hit an all-time high, daily active addresses rose 50% QoQ, over 300 projects confirmed in the Moonbeam ecosystem, and the parachain slot extended 🧵 The circulating mc for GLMR ended Q4 at $370M, and the fully diluted mc at $503M.

MOVR re-rated to represent a large % of KSM’s mc 55%, with a valuation of $236M compared to KSM's $431M. In contrast, GLMR's mc remained at a small % of DOT's mc 3% 🧐

~State of @0xPolygon Q3 2023

In Q3 '23, the Polygon ecosystem experienced significant advancements and activity.

The rollout of Polygon 2.0, a new leading NFT collection, the first chain to deploy using the CDK, and a doubling in QoQ active addresses on the zkEVM.

🧵 ~Financial Overview

MATIC's market cap fell 16% QoQ, ending the quarter at $4.9B.

Revenue fell 56% QoQ to $5.1 million in USD terms.

The decline in revenue was due to a 60% QoQ decline in the avg transaction fee going from $0.05 to $0.02.

The State of @NEARProtocol Q4 2022

- Daily active accounts set an all-time high.
- Transactions are up 50% YoY while average fees remain below one cent.
- TVL is well distributed.
- Active validators set an all-time high.
- Nightsharing Phase-2 is planned for late 2023. ~Financial and Network Overview

Despite the difficult market conditions, NEAR continued to see strong growth in network activity.

Daily active accounts set an all-time high, total transactions were up 50% YoY, new accounts were marginally down, and transaction fees were <$0.01

State of @hedera Q4 2022

- Hedera ended Q4 with an all-time high in TVL
- Multiple Hedera Network Services set all-time highs in network activity
- The Hedera Governing Council added its 27th member ~Financial and Network Overview

The collapse of FTX shook the industry. HBAR was not spared, losing 33% of its value.

However, fundamentals were resilient.

During Q4, transfer volume and transactions were up 123% and 70%, respectively.

In March, @LabosNomades declared "2022 is the year of scaling Tezos."

Since then, @tezos has forklessly upgraded 3 times with a 4th planned for later this year.

During Q3, the network set an all-time-high in NFT Sales Volume (XTZ).

But that's just the tip of the iceberg. ~ Key Metrics

Tezos’ key performance indicators yielded mixed results. There was, however, one silver lining: NFT sales volume (in XTZ terms) reached another all-time-high.

Q3 was loko.

Q3 was more 'normal'.. What ever that means in this space.

There is a lot happening in the @Polkadot ecosystem. ~ Key Insights

- Parachain slot auctions continued with 8 new winners. Through 28 auctions, 132M DOT (11% of total supply; worth $850M) has been bonded.

- XCM adoption continued to increase. XCM V3 was announced.

- Further details surrounding Governance V2 were released.

Q2 2022 was one of the worst quarters of the last decade with the total crypto market cap dropping 58%.

Despite the carnage, @Polkadot KPIs held steady.

🧵 on Polkadot's Q2 2022 performance. ~Valuation

Polkadot lost 66% of its value ($15B) ending the quarter worth $7.9B.

Polkadot has overcome similar declines before - on Jul. 21, 2021 Polkadot dropped to $11B before gaining 406% over 107 days to make an all-time-high of $56.6B.

The Merge.. ETH 2 staking.. LIDO.. You've seen it

But, there's another player in this game.

@Rocket_Pool 🚀

🧵 At a high level, Rocket Pool lets you trustlessly stake ETH on a decentralized network of node operators.

There are 2 key participants:
• Everyday users who want to stake their ETH
• Power users who have sufficient ETH and want to operate a node

Arguably the most misunderstood ecosystem in crypto is @Polkadot

Yet it has attracted the 2nd most devs and is the most commonly held asset by VCs???

What is this protocol that has attracted the big brains 🧠 and the big bags 💰?

Well, she just came to life 3 months ago.

🧵 To recap, @Polkadot is the brainchild of @gavofyork, with support from Co-Founder @rphmeier and @ParityTech

Polkadot uses a novel, modular architecture.

BOOM.

@Polkadot Parachain slot auctions 1-5 are done.

Roughly ~100 million DOT ($2.3B) comprising ~8.6% of total supply was bonded.

Congrats to @AcalaNetwork, @MoonbeamNetwork, @AstarNetwork, @ParallelFi, and @clover_finance. We can now look at the implied value of winners based on the ratio of rewards per DOT to DOT price.

Ex. The final reward ratio for ACA is ~5.23 ACA per DOT. DOT is trading at $23.5. Therefore, ACA's implied value is $4.49 which corresponds to a FDMC of $4.49B (1,000,000 X $4.49)

A new DEX is coming to @terra_money.

Tomorrow, the @astroport_fi 'lockdrop' begins

~11% of total supply be distributed to 3-groups over 2-phases.

How does it work? Who is eligible?

🧵 on Astro's 🔒💧 First, what is @astroport_fi ?

Astro is a DEX built on @terra_money launching with:

- Constant Product pools & Stableswap pools
- Advanced UX, charting, and analytics
- Dual token rewards for LPs
- Fee-sharing for stakers
- Governance tiers

The L1-L2 wars have been a dominant theme in crypto.

Unifying these thriving ecosystems via bridges is a logical follow-up.

@SynapseProtocol ♾️is at the forefront offering sub 3-minute cross-chain swaps across 10 chains and counting.

🧵on ♾️ @SynapseProtocol is secured by cross-chain multi-party computation (MPC) validators operating with threshold signature schemes (TSS).

Wtf does that mean???

Decentralized stablecoins are gaining adoption with SEC overhang.

@MIM_Spell has capitalized on the opportunity + the Defi 2.0 narrative with its stablecoin Magic Internet Money (MIM).

A recent strategy with Terra's UST expands the protocol’s utility.

🧵on how magic works🧙🏼‍♂️ Abracadabra is the core platform.

Abracadabra is a lending protocol where users deposit interest bearing tokens as collateral to borrow MIM.

The interest earning collateral results in deeper liquidation protection and novel yield opportunities.

The @OurNetwork__ X @DuneAnalytics Data Course week 1 is complete.

On-chain data remains a massive opportunity in crypto.

Anyone can tap into this opportunity and contribute to the community.

🧵 During Lecture 1 we discussed:

- Web3 raw-data landscape
- Data lifecycle of a token transfer
- Dune query interface guide
- SQL 101

.@AlchemixFi is a Defi protocol tokenizing future yield.

The result is non-liquidating + self-repaying loans 🤯

V2 promises to expand this magic 🪄

🧵 on how this is possible and where it is headed In ALCX V1 users deposit DAI or ETH into their respective ALCX vault and receive alDAI or alETH
(<= 50% LTV).

'alTOKENS' are synthetic derivative tokens representing future yield of the collateral & pegged 1:1 with the collateral.

The future yield comes from Yearn vaults.

The time has arrived. @Polkadot parachain auctions are set to commence Nov. 11th.

I've seen plenty of tweets on the crowdloan process, but few describing why parachains are unique.

🧵 on parachains and the major players Parachains are highly-customized and flexible L1 blockchains built with the Substrate SDK.

Existing smart contract models tend to be overly general i.e. add and/or subtract.

Substrate enables customization down to the use-case i.e. store this file.

The @MessariCrypto Mainnet conference was brilliant @twobitidiot

The discussions, insights, and ideas have me beyond excited for the future of crypto (despite GG trying to steal the spotlight).

A 🧵 on some of the top panels 👇 'In Conversation with Polkadot's @gavofyork '

Design decisions will always be politicized, so the goal should be to form consensus with people on opposing sides.

On-chain governance via a meta-protocol is the optimal way to guarantee approval and enforcement.