Gas Price Lows, MakerDAO Revenue, the Rise of Fantom

MAY 03, 2021 • 2 Min Read

Ashwath Balakrishnan + 1 other

Metus vulputate eu scelerisque felis. Nulla facilisi cras fermentum odio eu. Scelerisque fermentum dui

faucibus in ornare quam viverra orci sagittis. A iaculis at erat pellentesque adipiscing commodo elit. In

fermentum et sollicitudin ac orci. Ultrices sagittis orci a scelerisque purus. Faucibus ornare

suspendisse sed nisi lacus sed viverra tellus in. Mauris cursus mattis molestie a iaculis at erat

pellentesque adipiscing. Volutpat diam ut venenatis tellus in metus vulputate. Eu consequat ac felis

donec et odio pellentesque. Eu mi bibendum neque egestas congue quisque egestas diam. Quam

lacus suspendisse faucibus interdum posuere lorem. Quam id leo in vitae. Ut faucibus pulvinar

elementum integer enim neque. Id ornare arcu odio ut sem nulla pharetra diam sit. Molestie ac feugiat

sed lectus vestibulum mattis. Ipsum nunc aliquet bibendum enim facilisis. Euismod nisi porta lorem

mollis aliquam ut porttitor.

Iaculis nunc sed augue lacus viverra vitae congue eu consequat. Gravida neque convallis a cras.

Nunc scelerisque viverra mauris in aliquam sem. Non odio euismod lacinia at quis risus sed vulputate

odio. Purus faucibus ornare suspendisse sed. Turpis egestas maecenas pharetra convallis posuere

morbi. Nec feugiat nisl pretium fusce id velit ut. Nunc congue nisi vitae suscipit tellus mauris a diam.

Posuere sollicitudin aliquam ultrices sagittis orci. Urna nec tincidunt praesent semper. Turpis nunc

eget lorem dolor sed viverra.

suspendisse sed nisi lacus sed viverra tellus in. Mauris cursus mattis molestie a iaculis at erat

pellentesque adipiscing. Volutpat diam ut venenatis tellus in metus vulputate. Eu consequat ac felis

donec et odio pellentesque. Eu mi bibendum neque egestas congue quisque egestas diam. Quam

lacus suspendisse faucibus interdum posuere lorem. Quam id leo in vitae. Ut faucibus pulvinar

elementum integer enim neque. Id ornare arcu odio ut sem nulla pharetra diam sit. Molestie ac feugiat

sed lectus vestibulum mattis. Ipsum nunc aliquet bibendum enim facilisis. Euismod nisi porta lorem

mollis aliquam ut porttitor.

Iaculis nunc sed augue lacus viverra vitae congue eu consequat. Gravida neque convallis a cras.

Nunc scelerisque viverra mauris in aliquam sem. Non odio euismod lacinia at quis risus sed vulputate

odio. Purus faucibus ornare suspendisse sed. Turpis egestas maecenas pharetra convallis posuere

morbi. Nec feugiat nisl pretium fusce id velit ut. Nunc congue nisi vitae suscipit tellus mauris a diam.

Posuere sollicitudin aliquam ultrices sagittis orci. Urna nec tincidunt praesent semper. Turpis nunc

eget lorem dolor sed viverra.

lacus suspendisse faucibus interdum posuere lorem. Quam id leo in vitae. Ut faucibus pulvinar

elementum integer enim neque. Id ornare arcu odio ut sem nulla pharetra diam sit. Molestie ac feugiat

sed lectus vestibulum mattis. Ipsum nunc aliquet bibendum enim facilisis. Euismod nisi porta lorem

mollis aliquam ut porttitor.

Data Digest

1) Avg. Weekly Gas Price at YTD Low
2) Fantom Transaction Count vs. Price
3) MakerDAO Revenue & Surplus Buffer

Key Takeaways

  • In spite of a broad bullish trend, gas prices continue to edge towards levels not seen since Oct. 2020 — when DeFi mania took a short-term breather.
  • The primary causes for this are a new MEV marketplace from Flashbots and an increased gas limit for the Ethereum network.

Key Takeaways

  • As the cross-chain narrative continues to solidify, Fantom emerges as the latest L1 ecosystem showing signs of life.
  • AnySwap, a DEX bridge connect liquidity between Fantom and multiple other chains (including Ethereum, BSC, and Polygon) is the main driver of activity on Fantom.

Key Takeaways

  • MakerDAO’s revenue growth continues to soar as DAI supply nears the $4 billion threshold. At current levels, MakerDAO’s run rate is $152.5 million.
  • The surplus buffer is extra DAI under the control of the DAO. While this has been used in the past to meet protocol deficits, it could also be used to fund incentives.

Notable Tweets

The team at Alpha Finance lab penned an elaborate tweet thread (and blog post) highlight key takeaways from Q2, and what the project is tackling in Q3.

Charm Finance is building a suite of trading products, the latest of which is a vault that markets make on Uniswap v3 using it’s new pricing structure. This helps passive LPs who are impacted by the changes from Uniswap v2 to v3. These LPs can still passively provide liquidity to Uniswap using Charm.

If you’re looking to learn more about Maker’s recent performance, this thread highlights other fundamental developments that have happened in the last month.

 

Create a free account to continue reading

Go Pro at 40% off

Immediately access the entire catalog of research for Delphi, Office Hours & private Discord

Ashwath Balakrishnan + 1 other