#5 What I Read This Week…
Universal Restaking, Intent, Reth AlphaNet, Telegram, Order book Dexs, Liquid Staking, Bitcoin layer2s, Stacks, Move based layer2, Maker DAO….
First, let’s take a look at what I wrote this week:
Why We Don’t Need Privacy-Focused Layer 1 Blockchains
What i Read this week:
1. Karak Network: Pioneering Universal Restaking Karak Network introduces a novel restaking layer, poised to bolster cryptoeconomic security across assets. This advancement frees developers from the security burdens of new projects, streamlining product development in the blockchain space. Karak Network Overview
2. Cowswap and Market Dynamics Cowswap sets itself apart as the only competitive, intent-based system, revealing a stark contrast in order flow distribution compared to platforms like Across and DLN, where 90% of bids remain unopposed, underscoring a critical lack of competition.
3. The Commoditization of Web3 Technologies Web3 technologies are becoming more accessible, enabling easier creation of Layer 1 and Layer 2 solutions, DEXs, and wallets. The strategy to “grow the market” alongside your own growth is becoming crucial. This insight emphasizes the value of building and leveraging network effects. Commoditising Your Complements With Modular Architecture
4. Adoption Curves in Crypto Products New crypto products typically undergo a two-phase adoption: initially by crypto-natives, followed by crypto-agnostics. Stablecoins have moved into the crypto-agnostic phase, primarily used for currency hedging and cross-border payments. Conversely, other real-world assets (RWAs) like stocks and real estate remain in the crypto-native phase, serving mainly for diversification. Real World Assets, Real World Application
5. Layer 2 Scaling and Reth AlphaNet Reth AlphaNet is emerging as a crucial component for every Layer 2 scaling strategy, directly addressing the state growth challenge and enhancing user experience with EIP-3074. Paradigm and Georgios Constantinou are noted for their innovative contributions. Reth AlphaNet
6. Cryptocurrency User Experience and Telegram Telegram is positioned to address user experience issues plaguing the crypto space, potentially setting new standards for accessibility and functionality. Telegram and Crypto UX
7. Order Book DEXs versus AMMs Current Automated Market Makers (AMMs) are less capital efficient compared to traditional order book DEXs. However, the high gas costs and lower compute capabilities on Layer 1 and Layer 2 networks pose challenges. Elixir advocates for innovation but suggests that building a new blockchain may be excessive. 엘릭서 (Elixir) — 오더북 DEX 유동성 공급의 묘약 | 디스프레드 리서치 (despread.io)
8. Liquid Staking in Solana and Ethereum Marinade needs to intensify its marketing efforts and boost liquidity to compete effectively against Jito in liquid staking solutions. Current staking rates show Solana at 65% and Ethereum at 25%, highlighting the importance of narrative in the crypto valuation process. Solana Liquid Staking Insights
9. Technological Innovations in Bitcoin Layer 2 Solutions Merlin Chain stands out with a robust technological stack including Lumoz’s decentralized ZK computing, Polygon’s ZK-tech, and Celestia’s data availability solutions. This positions it uniquely in the BTC Layer 2 ecosystem. Is It Time to Move Beyond Solidity?
10. Point Systems in Web3 Speculating on-point systems continues to be a profitable strategy within the web3 framework, emphasizing its central role in the ecosystem’s growth.
11. The Stacks Thesis: Hal Press provides an objective analysis of Stacks, highlighting the emergence of Ordinals as a pivotal moment for the platform. Understand the investment case.
12. MakerDAO: The Leviathan of DeFi: Syncracy Capital presents a compelling thesis on MakerDAO, positioning it as a central figure in the DeFi ecosystem. Examine the thesis.
13. M2: M2 is the first Move-based L2 on Ethereum, which allows developers to write applications in Move that settle on Ethereum. Arbitrum Stylus also brings Rust, C, and C++ without losing EVM compatibility.For EVM layer2s to win, they need to improve the EVM to better the developer experience and scale aggressively.
Is it time to Move beyond Solidity? — Placeholder
14.An objective analysis of what happened on Renzo Protocol (Depeg, airdrop, token pie chart)
https://x.com/0xtommy_eth/status/1783018222759055529
15.The winning of sanctum’s depends on how well they can create liquidity compared to Jito and Marinade.
Chain Abstraction: Multi-Faceted Landscape Report
Introducing Ethereum Blobspace Derivatives
Connect at X
“The way you do one thing is the way you do Everything” this is so true at least in my case.
