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.

Chain abstraction will mark the end of chain maximalism in Web3.

Here’s my breakdown with protocols to watch + real examples of what the future of Web3 will look like.

A perfect illustration of "buy the rumors": zkSync bridge inflow volumes post non-official $ZKS teaser

May 20: $15M
May 21: $60M

TVL impact not heavy at all → people are loading bags
Expecting $HOLD, $ZF, $KOI to rise further after the official ZkSync confirmation.

Dive into reading the new research of the week! 📚

General
➖ 4pillars: [Recap of Deference 2024] #1: Contribute to the Blockchain Ecosystem
➖ Coinbase: Weekly: Regulatory Impetus
➖ Galaxy: The Future of Payments
➖ Galaxy: Weekly Stories - 5/17

Market
➖ SSRN: Decentralized and Centralized Options Trading: A Risk Premia Perspective
➖ Binance: Low Float & High FDV: How Did We Get Here?
➖ Cointelegraph: Stronghold and Bitfarms Under Pressure after Crypto Stocks Fell Last Month
➖ Glassnode: A Macro Reset
➖ Glassnode: Breakdown Metrics Applied: Identifying Local Bottoms in a Bull Market

DeFi
➖ SSRN: Decentralizing Monopolistic Power in DeFi

Blockchains & networks
➖ CoinGecko: The Fastest Blockchain Processed 91M Transactions in a Day
➖ Coinbase: Monthly Outlook: Expectations on Ethereum

Tokens & currencies
➖ CoinGecko: How the FIFA World Cup Impacted Football Fan Tokens: A Market Impact Analysis
➖ CoinMarketCap: What Is Notcoin? Exploring 2024's Biggest Gaming Token Debut

GameFi & NFTs
➖ SSRN: The Rise of the Metaverse: Tethering Effect and Intellectual Property of Crypto Tokens

Each time I compare gen-2 rollups (Linea, Base, Mantle), Mantle is actually the chain that imposes most hopium.

Here’s a quick thread exclaining why.

Volatility is expected to spike in ~1 hour.

Get your bags ready.

Chinese guys worried most :D

OK, ETH ETF LIKELY POSTPONED.
Gary's keeping us hanging, nothing new.

This time, Gansler argued about Ethereum Foundation's influence on ETH, mixers, and anonymization.

But it's just a delay tactic.
The inevitable 'Yes' is coming. It's just a matter of time.

Ok, so we have this (guess we’re reading the same sources).

Hoping for the best but tbh I think they will postpone this thing actually.

Will keep you posted.

https://x.com/EricBalchunas/status/1793738611956875344

Seems they have postponed and need more time to come with an official announcement (many sources saying ~6 hours) so I will now go to sleep.

So it’s your turn to keep me updated.

Source #1: HashKey ETF analyst (seems legit)
Source #2: Bloomberg ETF analyst (well, the last post from him does not add any clarity lol)

ETHEREUM ETF APPROVED

Truly a historic day.

Actually it’s 8 Ethereum ETFs approved.
Source

Upd: Now I can def go to sleep, mission completed :D

Happy weekend, fam!

There’s a risky thing happening now to Twitter’s algo (you might have noticed more shilly engagement farming and less high-quality research).

So I decided to support people I personally read a lot.

Here’s my list of accounts that deserve your follow + read list.

Earlier this week, Moonbeam dropped their new roadmap.

What’s next for the largest Polkadot parachain?
Here’s my overview.

History in the making: Today, the TVL of Ethereum L2s has reached an ATH.

This is 4% of the total assets held by the Bank of England.

We're still early.

Happy Monday!

Starting this week with some comparative analysis.

Check this thread to see some quick facts about the performance of 2024’s largest airdrops.