DefiLlama reveals just the tip of the iceberg in the @ton_blockchain world.

• DefiLlama: 14 dApps
• Reality: 691 dApps

TON stands out among blockchains, on the cusp of mass adoption like no other. Here's why ↓ Due to its tight connection with @telegram as the primary user acquisition channel, @ton_blockchain is more of an entertainment chain than a classic DeFi layer.

Normies want to play, gamble, date, network, and easily pay for their favorite private group membership.

Just in: @movementlabsxyz has raised $38M from @polychaincap, @Maven11Capital, @Aptos, @FigmentCapital, and more.

Positioning: The next big thing in modular infrastructure and a trailblazer in the altVM narrative.

Normie's explainer & how to be early ↓ TL;DR: Key pillars of @movementlabsxyz ↓

• Move – a safe and secure programming language by Facebook
• M1 – a decentralized shared sequencer for the Movement network
• M2 – the fastest and most secure MEVM (move + EVM) L2 that settles to Ethereum with @CelestiaOrg as the DA.

A few weeks back, @1kxnetwork released an insightful research report on the history of memecoins, current trends, and potential opportunities.

Is there a 2024 playbook for memes?
Let's delve into it ↓

+ Bonus: A list of must-read studies on memecoins. The first PoW memes emerged from the depths of Bitcointalk (OGs remember). They aimed to attract miners, but their actual value was limited, and only @litecoin has stood the test of time.

Then came the era of Reddit and 4Chan, with @dogecoin leading the way as a flagship meme.

Eigen DA, Celestia, Avail, NEAR DA:
Who wins the Data Availability race... if any?

Full review of the DA narrative, its key players, and grey eminences ↓ While Layer 2 solutions have been gaining momentum, a critical bottleneck in achieving their full scalability has been identified in the data availability layer.

Historically, between 70% to 90% of rollup transaction fees can be traced back to these data posting costs.

Could it be that AI, Bitcoin DeFi, DePIN, and Infrastructure narratives converge in a single product developed by one of the most reputable teams in Web3?

Yesterday, @ankr announced @Neura_io, instantly adding $100M+ to $ANKR's fair valuation.

Let's explore ↓ Undoubtedly, @ankr is among the most renowned Web3 developers leading the DePIN, RaaS, and Liquid Staking movements.

Ankr boosts Polygon’s ecosystem with top-notch node hosting, contibutes to the BNB Chain infra, and is one of the pioneering RPC providers on Mantle.

A bluechip incentive program you don't want to miss.

Explaining @aave's Merit Program: $5M of rewards, 90 days of duration ↓

Screenshot: @tokenterminal TL;DR:

• AAVE has launched its first revenue share incentive program.
• The main objective is to boost active participation and enhance liquidity within the $AAVE ecosystem.
• The Merit program might evolve into a permanent annual initiative with a $20M budget.

The key forces shaping the future of Web3:

• Modularity
• Interoperability
• Scalability
• User experience

Unveiling an undervalued protocol with the potential to dominate the Chain Abstraction scene ↓ Previously, I shared several threads highlighting @ParticleNtwrk, undoubtedly a key player in the Web3 modularity landscape.

Recently, they unveiled their ambitious vision of creating a Modular Layer 1 to drive Chain Abstraction. This development is certainly worth noting.

NEAR DA:
• 100,000 times cheaper than Ethereum
• 30 times cheaper than @CelestiaOrg
• Will be adopted for @fraxfinance's Fraxtal

What makes @NEARProtocol's DA so efficient?
Deep dive ↓ In the realm of Web3, alternative Data Availability layers can be compared to the groundbreaking emergence of the first Ethereum L2s, such as Arbitrum and Optimism (execution layers), in the Modular landscape.

Solidity is now democratized.

Imagine an AI trained to convert natural language in Solidity code, enabling you to ship production grade smart contracts, arbitrage agents, and more.

A must-read for everyone watching the Web3 <> AI narrative closely ↓ Have you ever heard about @Spectral_Labs?

If not, you must read this thread. When I began researching this product, I was amazed by the significant impact it will have on the Web3 world we live in.

So let's explore.

If you just stake $ETH for ~4%, you're heavily missing out on the yield boat.

As I write this, @GearboxProtocol is seeing a surge in leveraged borrowing, boosting $ETH lenders' APY to 25%.

Let me explain this passive yield strategy ↓ After @GearboxProtocol launched leveraged restaking, it saw a significant influx of borrowers eager to enhance their restaking airdrop rewards to the maximum.

This surge in demand led to the growth of the lending capital utilization ratio which in turn impacted the APY.

Eigenlayer Restaking Points are now liquid and tradable.

@KelpDAO has launched $KEP, with 1 $KEP = 1 Eigenlayer point.

Current $KEP price: $0.15

This introduces a new market for speculating on the value of the @eigenlayer airdrop ↓ Before @KelpDAO released their $KEP token, the only method to leverage the value of the restaking points earned was through @WhalesMarket. Users could place orders to sell Points at a specific price.

With $KEP, the process becomes even more seamless and equitable.

We're entering a hot phase of DeFi.

@AvailProject has announced raising $27M in a seed funding round led by @foundersfund and @dragonfly_xyz and revealed their plans to unify Web3 with Avail trinity:

• Avail DA,
• Avail Nexus,
• Avail Fusion Security.

Let's explore ↓ What do we know about the Web3 of 2024?

First, modularity is the new meta, monolithic blockchains can't keep up.

Second, modularity means competition. Ethereum is good as a security/settlement layer but not competitive as a DA/execution layer.

The strategy of bribing: How to be the first buyer of any token and achieve a high win rate ↓ After experimenting with different sniping setups for a while, I have developed the most efficient configuration and a framework that prevents me from being blacklisted.

This setup works flawlessly in 90% of cases, so let me show you how ↓

Since the generation of its genesis block four years ago, @NEARProtocol has undergone a significant transformation to become what it is today: the chain abstraction stack.

Here's my simple explainer of NEAR's mission to 𝙖𝙗𝙨𝙩𝙧𝙖𝙘𝙩 𝙗𝙡𝙤𝙘𝙠𝙘𝙝𝙖𝙞𝙣𝙨 ↓ We've been hearing the argument that the Web3 user experience is too complex to onboard mainstream users for a few years now.

I must admit that since I joined the Web3 grind in 2016, the UX has improved, but it still has a long way to go before it's considered perfect.

Gelato $GEL is one of my strongest convictions in this cycle.

• Used by top-tier teams like @AstarNetwork and @Lisk
• Integrated with 400+ services, and tools
• Infrastructure play
• Building the future of web3 rails with RaaS

Comprehensive @gelatonetwork product report ↓ When a platform receives highly positive reviews from top Web3 teams like @astar @optimism and @polygon, and attracts top-tier dapps to build using its infra, it becomes difficult to ignore.

If @gelatonetwork is still uncharted territory for you, then this 🧵 is all you need.

Get ready for the hottest topic this year: the Bitcoin DeFi narrative.

The space is already transforming with the upcoming mainnet launch of the first EVM equivalent Bitcoin rollup by @BotanixLabs.

Here's everything you need to know ↓ The total value on the second layers of Bitcoin currently accounts for less than 0.1% of Bitcoin's market cap. Meanwhile, the value of wrapped Bitcoin available on Ethereum exceeds 2%.

Undoubtedly, this ratio is set to change this year with the rapid growth of Bitcoin DeFi.

Entangle has announced the date for their $NGL token sale: February 13th and I'm certain that it will close in a flash.

All you need to know about @Entanglefi, the $NGL token, and their potential to disrupt the DePIN industry ↓ Entangle is the first customizable messaging infrastructure designed to unify web3 and optimize ecosystem liquidity.

In simple terms?

It's like a super-efficient messenger that helps different blockchains and apps talk to each other securely.

The liquid restaking narrative is undoubtedly a hot topic.

However, while most restaking dApps focus on EigenLayer LST yields, there are some that address a fundamental issue: decentralization through native restaking and incentivization of solo validators.

Let's explore ↓ At the moment, there're over 900K validators active on the Ethereum network.

However, most of them are controlled by centralized entities like Lido, Coinbase, Kraken, Binance, etc. These four account for more than 50% of Ethereum staked.

Manage your portfolio, stay safe, and uncover insights without drowning in 69 open tabs.

Introducing my pro guide to @DeFi:

• Fortify Web3 security
• Watch smart accounts
• Find yield insights
• Plus mind-blowing features

No more noob status ↓ As a blogger and avid DeFi user, I've tested numerous tools aimed at streamlining my grind and reducing capital risks.

Undoubtedly, @DeFi remains one of my favorite apps.

While many of you are familiar with its security features, there's so much more that I love about it.

Discover how RaaS (Rollup-as-a-Service) is emerging as the leading tech stack in 2024 and beyond.

Let's dive into the rabbit hole of RaaS and discover one of the top rollup service providers in this industry: @gelatonetwork↓ Rollups solved Ethereum's scalability problem & have risen in 2023 as the leading narrative, with Total Value Locked growing over 500% last year.

Despite their scalability & security benefits, they remain difficult to operate & need a whole lot of additional infra to be usable.

Enhance your research with a VC-grade evaluation framework.

Discover the four crucial factors that drive startup success in Web3 ↓ Four main pillars of success:

• Product-market fit (PMF): Building a product that meets a strong market demand.
• Cultivating a strong community.
• Implementing sustainable tokenomics.
• Timing it right: Launching the protocol and token in a suitable market.