The rollup narrative keeps printing.

Reya attracted $220M in just a few days, planning to become the liquidity layer of Web3.

A viable Aevo competitor? Here’s your explainer.

Have you ever heard about Morpho?

If not, it’s time; probably Morpho is the protocol to flip Aave and Compound’s dominance in the lending industry.

Here’s my detailed thread.

Do you know how to find good buys by analyzing token unlocks + fundamentals?

If not, then my new guide will be very helpful.

Have a look!

Narratives, sorted by greed:

#1 Memecoins
#2 AI
#3 Airdrops
#4 Bitcoin DeFi
#5 Data availability
#6 Bitcoin L2
#7 Chain Abstraction
#8 AltVM & Parallel EVM
#9 Restaking & Liquid restaking
#10 AppChains
#11 Yield (i.e. Pendle, Convex)
#12 RWA
#13 DePIN
#14 L1
#15 SocialFi
#16 Other infrastructure (ZK, Data indexing, RPCs, Oracles)
#17 Gaming & GameFi
#18 Ethereum L2s
#19 Lending
#20 Options & SIPs
#21 Trading bots
#22 RaaS (Rollups as a service)
#23 Derivatives & synthetics
#24 LSTfi
#25 Account Abstraction
#26 NFTs
#27 Liquid staking
#28 CDPs
#29 Launchpads
#30 DEXes
#31 Prediction markets
#32 Insurance

Decided to dive into the Sui eco to check if there’re some good buys there.

So here’s my Navi thesis, currently the Top-1 dApp on Sui.

If you have not lost hopium and continue the restaking grind, there’s a nice opportunity offered by Stader now with some bonus points and $SD incentives.

Here’s a quick summary + APR you can expect (a DeFi lego thing yields 200% APR).

I guess many of you are to get the $AVAIL airdrop.

So here are my assumptions on the launch FDV + $AVAIL use cases explainer.

Checked some of the latest research, found an interesting correlation.

Somehow, Cosmos ($ATOM) is back to meta.

Quick overview here.

Quick facts & thoughts on the current state of the market ↓

• Many alts from the top-100 CoinGecko are at pre-bull market levels (November / December).

• DeFi OGs are hard gainers (1y gains: $UNI +38%, $AAVE +35%, $LDO -7.5%, $GMX -54%, $STG -22%, $RDNT -40%, $FXS -34% vs. $BTC +134%)

• Most alts correlate heavily with $BTC / $ETH but dump harder.

• $TON, $TRX, $CHEEL move independently from $BTC (last 7d).

• Perps and options protocols are among the worst-performing categories atm.

• AI, Restaking, and LRTfi, and RWA are the most turbulence-resisting.

• Marketing and awareness matter much more than fundamentals or product traction now.

Personal thoughts (NFA):

• Avoid buying DeFi OGs even if they seem to be a good entry now as long as they ignore marketing. No narrative = no gains.

• High-FDV TGEs are a new trend, but tokens keep dumping post TGE. Good for airdrop farming, bad for investments.

• This cycle is about three main things: memecoins, AI, and passive yield (airdrops included here).

• Most trending narratives are not brand new (restaking might be the youngest, but everyone's already a bit tired) so I expect that there will be a brand new trend to pop up very soon and gain a share of restaking's craze. Let's see.

What are your feelings on the current market?

Pro tip: Etherscan and Bankless have introduced a new feature that lets you check for unclaimed airdrops on the explorer.

• Paste your address on Etherscan.
• Navigate to the cards tab.
• Verify any unclaimed airdrops.

PS: Remember to revoke approvals on the same page.

$NEXT: $190M FDV, $20M market cap, $420M monthly bridged volume
$W: $5.7B FDV, $1B mcap, $150M volume
$AXL: $1.15B FDV, $660M mcap, $148M volume

Here’s my Connext thesis.

Slightly off-topic but super useful

Have compiled a list of great AI tools for Web3 grind and Web2 productivity, no obvious recommendations like ChatGPT 😄

Have a look!

You know I love infra plays.

Here’s an interesting new thing, a confidential computing network on Solana with impressive backers.

Have a look!

Happy weekend, frens!

Dropped some thoughts on the upcoming Ionet TGE and the recent IO FUD.

Have a look 🙂

I have a strong belief that AI >< Decentralization (not necessarily crypto) has huge potential.

And in this realm, Ankr’s Neura is one of the solutions that appeals to be most.

Here’s why.

Heyo, fam!

Found an interesting concept addressing the liquidity fragmentation issue, an order book DEX aggregating liquidity from major AMM DEXes.

Here’s a quick overview.

Some random night thoughts

Tolerance and equality are Web2 fairy tales that are not achievable.
They can't be the main narrative of any political agenda.
It's just a new form of religion that sounds good in theory.

The only place that is truly about equality is crypto.

As long as there are nationalities, races, countries, cities, and communities, people will continue to divide others into categories.

Each category will be labeled, and this label will be influenced by personal experience, propaganda, and word of mouth.

Will a guy from Sweden and a guy from Myanmar seeking to open a business in the US be treated equally? No.

Will a startup from Sydney and a startup from Tehran have equal chances to raise international capital? No.

Will a sales manager with a background in crypto and a sales manager with a background in pharmacy have equal chances to get a position in an agriculture company? Again, no.

The regime of tolerance is just adding a ton of chaos to a world that is not tolerant.

I used to live in Sweden many years ago. Back then, the most vulnerable individual in the Swedish community was a white male.

Police officers avoided stopping black or colored people because they knew they had extra protection. They could use the racism argument. Females? Same. White men could not.

We have a long list of sanctions imposed on Iran and Russia. Both adapted, both have a highly negative public image. But here's the twist: Brains that leak from these regions and who do not support the regime find it super hard to start a different life elsewhere. They are just not welcome.

Blockchain is the ONLY thing in this world that is really nation, race, sex, or religion agnostic.

Web3 does not care if you're young or old, married or single, employed or not, black or white.

We just have random numbers, letters, and transaction history.

No labels = no segregation.

We just cannot reach the no-labels state in Web2 (yeah, that's sad).
But we can at least reach financial equality in Web3.

And that is the greatest gift of the 21st century.
The rest is hypocrisy.