As many bloggers are shilling Ethervista (calling it the new Pumpdotfun), transactions fail when trying to remove liquidity from the ETH/USDT pool.

Transfers are also disabled.

Unfortunately, I had to test this myself.

$2K is gone, but I hope my experience saves your money.

FTX plans to distribute $16 billion in CASH to its creditors in Q4 2024.

Analysts suggest that many creditors might REINVEST this cash influx into the crypto market, potentially sparking renewed interest and activity in digital assets.

ICYMI: The $MATIC to $POL upgrade is set for September 4th (tomorrow).

I’ve aggregated everything you need to know about $POL in my new thread.

Enjoy reading!

Global crypto investment products saw $305 million in outflows last week, reversing the previous week's $543 million inflows.

This shift was primarily due to negative sentiment driven by stronger-than-expected U.S. economic data, which reduced the likelihood of a Federal Reserve rate cut.

The best illustration of the liquidity fragmentation issue:

TVL Jan 13, 2021 | TVL Sept 4, 2024

Ethereum 96% Ethereum 58%
Celo 1.07% Tron 10.09%
BSC 0.94% Solana 5.9%
Tron 0.71% BSC 5.29%
Kava 0.43% Arbitrum 3.31%
Terra Classic 0.27% Base 1.87%
Wanchain 0.02% Polygon 1.1%
(... and the list continues)

Btw, we now have a 3K+ club here on Telegram 🫶

Thanks guys for being a part of this amazing journey!

New collection: Early-stage protocols [September 2024]

I now have a monthly research series in which I share my top picks from Moni Discover (no memecoins, only solid and interesting protocols).

Top picks from August are already available!

Have a look.

In August, btw, Ethereum's on-chain lending markets saw their second-largest liquidations ever.

What a crazy month it was…

Just 10 years ago, CoinMarketCap was like this.

Just. Ten. Years. Ago.

New type of memecoin scam: Burnable tokens on Solana.

Here’s a great thread on how to protect your pennies from getting burned.

Unexpectedly, the Aptos blockchain has shown a consistent upward trend in daily active addresses, indicating steady growth in its user base.

I see Aptos more and more frequently in my timeline, so the sentiment might be changing.

As you already know, Chain Abstraction is a hot take.

Here’s my in-depth research on Socket Protocol, a new entrant of the unified UX race with great odds of being at the frontier of ChA.

Have a look!

The Short-Term Holder cohort, representing fresh market demand, is absorbing most of the current market pressure, with their unrealized losses steadily increasing in recent months.

However, these losses, relative to the market cap, haven't yet reached levels indicative of a full-scale bear market and resemble the turbulent period of 2019 instead.

There’s never too much of data. New research compilation:

General
➖ CoinShares: Digital Asset Bi-Weekly Digest
➖ Binance: Web3: The Household Name in the Making
➖ Binance: Blockchain Payments: A Fresh Start
➖ Cointelegraph: Could centralization be the silent killer of AI and cloud innovation?
➖ Galaxy: Weekly Top Stories - 8/30

Market
➖ Cryptorank: Meme Coins Summer: Trends and Insights
➖ Coinbase: Interpreting Token Inflation
➖ Coinbase: Weekly: Divergence
➖ Glassnode: Short-Term Holder Stress
➖ Galaxy: Fed’s Shifting Focus and the Road to Rate Reductions

Blockchains & networks
➖ 4pillars: One Way to Illuminate the Future: Polymarket

Tokens & currencies
➖ CoinMarketCap: What Is DOGS? Telegram’s Native Dog Meme Coin

GameFi & NFTs
➖ CoinGecko: Magic Eden Marks 6th Month as Top Marketplace With 37% Share
➖ Footprint: IVS Crypto 2024 Recap: Insights From Industry Leaders on Web3 Gaming

Out of 80 L2s and L3s on L2Beat only 7 have more 24h TPS than Ethereum.

They are:
• Xai (gaming L3)
• Base (general-purpose L2)
• Gravity (Orbit Stack chain by @Galxe)
• Taiko (general-purpose L2)
• Arbitrum (general-purpose L2)
• Apex (gaming L3)
• Playnance (gaming L3)

The best reminder that crypto is 90% speculation and 10% tech ↓

Among the top 30 protocols by monthly fees, stablecoin issuers and trading platfroms account for nearly 70% of the fees.

On the infrastructure side, only Bloxroute (MEV), MetaMask, DexScreener, and Across make it to the top 30 list.

The Sell-Side Risk Ratio has dropped into the lower band, indicating that most coins transacted on-chain are close to their original acquisition price.

This points to a saturation of profit and loss-taking activities within the current price range. Historically, this situation precedes periods of heightened volatility, just watch the charts closely.

Don't give up, legends.

I know that many of you are overwhelmed by the CT noise and shitposting.

That’s why I’ve compiled a list of 20 great newsletters to subscribe to, each offering some good insights.

Have a look and choose your favorites :)

Most Ethereum L2s still use Ethereum as a DA layer.

Some highlights of alternative DA (AltDA) usage:

• Mantle uses MantleDA (an improved version of EigenDA).

• Celestia is adopted by Manta Pacific, Derive, Aevo, Karak, Orderly, and more.

• Metis posts data to MEMO (a decentralized storage solution).

• Fraxtal utilizes FraxtalDA.

• Gravity, ImmutableX, Reya, Sorare, and others post data off-chain, with a Data Availability Committee (DAC) responsible for its protection and supply.

Will this distribution of power remain in one year?