Near Protocol Research Reports

Layer 1 / L1Market Note: INJ Ecosystem Fund Boost Has Precedent
By
Anil Lulla•
The second half of the most recent bull market, colloquially named the "double bubble," was dominated by the "L1 Wars" narrative. The initial spark was Avalanche's announcement of "Avalanche Rush," a $180M liquidity mining incentive program. The day of the Avalanche Rush announcement led to a 28% gain for the AVAX token, followed by a nearly sixfold surge in price over the subsequent three months.

BridgesThe State of ZK-Bridges
By
Anil Lulla•
ZK-bridges use ZKPs to improve performance of light-client bridges without introducing new trust assumptions. Polymer and zkBridge stand out with their use of parallelizable/recursive proofs. Others will adopt similar solutions to cut down proving time and verification costs.

Inside DelphiFinding a Home for Labs
By
Anil Lulla•
Delphi Labs is Delphi’s protocol R&D arm, with a team of ~50 dedicated to building new Web 3 primitives. Previously, the team was focused on researching & developing protocols on Terra. In the wake of the Terra collapse, Delphi Labs was faced with a big decision regarding where to focus our builder efforts going forward.
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