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27th June 2024

Prasad Mahadik
Prasad Mahadik

Blob market and recent congestion

We’re quite early in the blob market discovery and a second congestion event has led to a lot of discussions on how to handle these in future.

This started with the LayerZero airdrop on June 20, leading to a surge in transaction demand on Arbitrum. Events like these can trigger spikes in the future, showing that blob market is not elasti

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26th June 2024

Benjamin Sturisky
Benjamin Sturisky

Pendle PT Redemptions

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At 8 PM EST, 1.5M ETH (~$5.1B) worth of Pendle PTs will expire.

While this is standard practice, there could be a serious impact on the stability of the LRT pegs.

Rates for the newer Pendle pools are hovering around 10-20% relative to 40-50% rates from a few months ago when many of these PTs were purchased.

PT Redemption Data

  1. weETH (

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25th June 2024

Benjamin Sturisky
Benjamin Sturisky

Blast TGE - 6/26/2024

After being delayed in May, $BLAST officially launches tomorrow, June 26th 10:00 AM EST. While many people view Blast as a “ponzi” chain, the reality is that they have quickly become one of the top L2s. The total supply of $BLAST is 100B. 50% – Co...
Ceteris
Ceteris

Blinks a Catalyst for SOL NFTs?

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Today Solana and Dialect released a new primitive on Solana called Blinks. Essentially, blinks are a way to turn any Solana on-chain action into a link on Twitter/X. This is comparable to Farcaster’s frames but on Twitter/X instead, and from no action on X’s end.

 

My reaction to this announcement, in order, was:

  1. Wow this is cool and a m
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24th June 2024

Benjamin Sturisky
Benjamin Sturisky

TLX - Leveraged Tokens

TLX is a leveraged tokens protocol on Optimism that launched on 05/16/2024.

Leverage tokens utilize reactive rebalancing, which means no liquidations or margin management.

Let’s assume a BTC long is minted.

As BTC declines in price, the leverage inherently increases in price. This is because the money borrowed is fixed, but the collate

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21st June 2024

Kevin Kelly, CFA
Kevin Kelly, CFA

Liquidity Headwinds Play Catch Up

The crypto faithful are an enthusiastic but impatient crowd. The last couple months of choppy price action has been frustrating for many – especially when other risk markets (i.e. equities) keep printing fresh highs week after week.

Heading into 2024, we outlined a speculative timeline for how things could transpire this year. We cited fa

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20th June 2024

Benjamin Sturisky
Benjamin Sturisky

Tokenless Protocols

Airdrop Update

With the recent launch of $ZRO and $ZK, I wanted to highlight some major and niche tokenless protocols.

This should not serve as an exhaustive list and just protocols I am looking at.

Spot trading/Perps

Hyperliquid – The hyperliquid point system is still ongoing. Season 2 was announced on May 29th and will run for four mo

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18th June 2024

Just Your Average June

Alts are having a rough go, but for the majors (BTC & ETH) the month-to-date performance is remarkably in line with prior Junes.

BTC June Performance 2024

For BTC, the June 2024 performance is in line with both the mean and median datasets (2013-2023).

ETH Performance June 2024

While for ETH, the June 2024 performance is nearly exactly the same as the median performance of all prior June

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Pondering Durian
Pondering Durian

A Theory of Dispersion

It’s Tuesday morning June 18th Singapore time, and I am sitting in front of my computer watching alts nuke. Again. BTC is sitting comfortably within ~10% off all-time highs.


“This cycle is weird”. I have heard it said 10x already. Dispersion reigns supreme. This is a post to try and understand why.

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https://twitter.com/Delphi_Digital/

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Benjamin Sturisky
Benjamin Sturisky

Time.Money

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Time is money

A new SocialFI application launched tokenizing time built on Base.

The app is very similar to FriendTech and is backed by Alliance DAO.

Minutes are traded on a bonding curve.

Minutes can be redeemed for 1:1 time with the creator (video meetings) on par with the minimum minute redemption and value.

Additionally, owning a m

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