#6 What I Read This Week!

Chandan | web3 Research
2 min readMay 5, 2024

Topics: Blobs, Sanctum, Solana, Monad, Degen, SUAVE

Issues with Blobs
For a detailed analysis of Blob inclusion rates and market strategies, check out this article: Analyzing Blob Inclusion Rates and Market Strategies.

Sanctum and the EVM Space
Sanctum-like platforms are being replicated in the EVM space for LST and LRT tokens. It’s interesting to see apps with distribution launching their own LSTs to capture more value, akin to what’s happening in the stablecoin space where every DeFi app with distribution is launching its own token. More details can be found here: Sanctum’s Strategy.

Solana’s Challenges
Solana has proven unreliable for settlements due to its downtimes, which is unacceptable for RollApps and Rollups. Nevertheless, it’s fascinating to see some in the Solana community considering modularity for scalability, evaluating that monolithic chains can’t scale effectively. Further information is available here: Solana Community Insights.

Monad’s Innovations
Monad is addressing key issues in EVM, marking a significant advancement for EVM chains which can benefit from the research and development undertaken by the Monad team. This development is seen as a bullish sign for EVM. More on this topic here: Monad Developments.

Introduction to Degen Token
For an introduction to Degen token, read this article on Farcaster: Degen Token on Farcaster.

UX and Layer 2 Strategies
A major critique of the rollup-centric roadmap/L2s is the poor user experience (UX) due to domain multiplicity and liquidity fragmentation. However, account abstraction and cross-domain intents with SUAVE could significantly enhance UX. For more insights, read: Improving UX in Crypto.

Solana LST space is growing up quickly similar to Ethereum.

See you next week!

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Chandan | web3 Research
Chandan | web3 Research

Written by Chandan | web3 Research

Researching the frontier through on-chain data in Layer 1/2s, DeFi, and modular ecosystems.

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