Everything you know about NFT Aggregators is wrong:

- Gem's volume is under-reported by ~50%
- @ensvision is the 2nd biggest aggregator
- Dozens more aggregators missing from reports

Why?

Because shared contracts like Seaport make the data hard to track on-chain...until now... The most gas-efficient way to fill a Seaport order is directly, not via a Router. Gem and others do exactly this, making volume hard to track.

At @reservoir0x we've been pushing for an on-chain attribution system that works with any protocol: docs.reservoir.tools/docs/calldata-…

Despite closely following the modular blockchain meme since @epolynya's earliest tweets, I only just wrapped my head around @CelestiaOrg and what can be built with it.

I'm no expert, and may be off in places, but figured I would share my notes in case they are helpful... My preference is to break the modular stack into 4 layers:

1. Data Availability - Ensuring tx data is broadly available
2. Consensus - Determining the sequencing of txs
3. Settlement - Enforcing the global state
4. Execution - Applying individual state transitions

Teamed up with some @lootproject community members and built a fully functional community marketplace: loot.exchange

- Native orders + Open Sea orders
- 1% fee to community treasury (@nounsdao fork)
- Loot-specific features and UI

More below…. @lootproject @nounsdao While fairly uncommon today, expect to see a lot more community NFT marketplaces in the future. It allows leaning in on project-spect features & directing platform fees to community initiatives

The main blocker is fragmented liquidity, but solutions to that are coming soon™️ ;)