Polymarket's visibility has hit an ATH this week, driven by the anticipation around the upcoming November 5th elections.

The platform could experience its largest surge starting tomorrow 👀

The Graph continues to drive web3 dApps with its vital data infrastructure, recording a significant rise in decentralized network usage.

In Q3, query volume reached 5.3 billion, a 79% jump from the previous quarter, as adoption accelerates across the ecosystem.

This metaphor perfectly illustrates how misleading FOMO can be.

Here's a chart from Flipside, showing addresses holding election-related memecoins.

At first glance, everything seems logical until you closely examine the numbers.

Despite all the buzz, the cumulative holder count is just 12K (and realistically, it's lower since most memecoin traders hold several memecoins). The number of traders? 17.5K—an all-time high on November 4th.

You might think memecoins are huge.
But in reality, Polymarket alone has 48.5K daily users.

Crypto investment products saw net inflows of $2.18 billion last week, pushing the year-to-date total to $29.2 billion, per CoinShares.

Head of research James Butterfill noted the inflows were sparked by "election euphoria" over a potential Republican victory.

TON has gained popularity due to its impressive price growth, outpacing Bitcoin by 125% year-to-date, alongside the launch of numerous meme coins and gaming projects.

However, recent data shows that TON’s top transactions are in USDT, indicating substantial utility beyond speculative projects.

Liquidity for the top 5 LRTs has dropped by about 60% in dollar terms since June, though Kelp DAO’s rsETH saw a notable 55% ETH-based increase.

Currently, paired liquidity for these assets totals around $143 million on DEXs.

In October, Moonwell saw strong growth, generating $800K in fees across Base and Optimism.

In just the past week, it led Base with $185K in fees, topping all lending apps on the network.

What time is it now? The perfect time to read a new research report! ✨

General
➖ 4pillars: Wallet For Modern Crypto Apps
➖ CoinShares: Digital Asset Fund Manager Survey – October 2024
➖ Coinbase: Weekly: US Elections + Fed
➖ Galaxy: Ethereum All Core Developers Consensus Call #145 Writeup
➖ Galaxy: Weekly Top Stories – 11/1
➖ Galaxy: Backing OpenOrigins to Restore Trust in Digital Content
➖ Memento Research: Navigating The AI Landscape: Chromia’s Data-Centric Strategy

Market
➖ Binance: Understanding the Rise of Memecoins
➖ Galaxy: Bitcoin’s Surge and Election Jitters

DeFi
➖ Crypto.com: Crypto Derivatives Trading – Technical Analysis in Perpetuals and CFDs

Blockchains & networks
➖ Crypto.com: Solana Staking
➖ Cointelegraph: Polkadot's Revolutionary Journey: 2024 Report

GameFi & NFTs
➖ CoinGecko: CryptoPunks & BAYC Still Lead With Over 40% NFT Dominance
➖ Footprint: October 2024 Web3 Game Report: Record Users Meet Traditional Players

Animoca led venture activity in October with 9 deals, followed by CMS and Hack VC.

While historically focused on gaming, Animoca broadened its investments this month to include DeFi, AI, and DePIN.

In 2024, Ethereum generated $2.06 billion in revenue but paid out $2.65 billion in new ETH to stakers, averaging $1.28 spent per $1 earned.

Solana's expense per dollar of revenue was even higher, at $7.62, with the majority of fees generated this year.

Sharing my Web3 research framework:

USP data → Metrics → Tokenomics → Runway → Clout rate → Future catalysts

All factors to pay attention to & template ↓

If you’re closely exploring the BitcoinFi landscape, here’s an amazing thread from Emperor Osmo on BOB, explaining its unique product offering.

A very good read, imo.

Sad to see good threads getting less engagement than clickbait content.

L2BEAT has launched its own platform for exploring Data Availability layers – DABEAT.

Currently, the platform provides data on Celestia, NearDA, EigenDA, Avail, Meeda, and other layers. Users can track risk analysis, layer architecture, and entities of DAC members.

Check it out here!

Grass Network conducted one of the biggest airdrops ever, distributing $GRASS to 2.8 million wallets.

Unlike many other tokens that recently had an airdrop, this one shows an unusual growth trend rather than a typical decline seen in overhyped projects. This may be due to its well-positioning in the AI and DePIN sectors, as well as the network's performance, which motivates users to engage with it long-term.

The Raydium DEX token, $RAY, continues its rapid growth, with a 117.3% price increase over the past month, now approaching $4.

This surge is fueled not only by positive market sentiment but also by Raydium's popularity for meme coin trading. However, traders should stay cautious and always DYOR.

Over the last 30 days, decentralized AI and meme coins have shown the highest relative strength.

In contrast, Web3 Gaming, DePIN, and RWA remain the least popular by this metric.

The last token sale on CoinList – the best launchpad by ROI numbers – was in July.

Now, they are back to the game with a node sale opportunity from 0G.

Here's how you join the sale with a 5% discount ↓

Key narratives for 0G: AI + infrastructure.

Node sale: You get an 0G Node NFTs that contain node licenses and enable the owner to operate an AI alignment node and earn token emissions for securing the network.

To participate: coinlist.co/0g-node-sale

Discount code: STACYMUUR

PS: Please DYOR before investing. NFA.

10 Demons of Web3 ↓

1️⃣ Low circulating supply & high FDV
2️⃣ High inflation tokens
3️⃣ Endless Galxe, Zealy, and points campaigns
4️⃣ Unfair airdrop distribution
5️⃣ Wash trading and market manipulation
6️⃣ Fake activity numbers
7️⃣ Insider token vesting of less than 1 year (team, VCs, advisors)
8️⃣ Founders blaming the community
9️⃣ Engagement farming and 1,000x threads
🔟 Undisclosed KOL rounds

Anything else?

Following the U.S. elections in November 2024, Binance and Coinbase exchanges saw a substantial inflow of approximately $9.3 billion worth of ERC-20 stablecoins.

Historically, large inflows of stablecoins to crypto exchanges, such as those seen between September 2020 and February 2021, have coincided with bullish rallies in the market. This trend might repeat if the market sustains its support.