Weekly Editors' Picks (1203-1209)

郝方舟

Odaily资深作者

@OdailyChina

2022-12-10 00:00

This article is about 4595 words, reading the full article takes about 7 minutes

High-quality in-depth analysis articles and weekly hot spots.

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High-quality in-depth analysis articles and weekly hot spots.

"Weekly Editor's Picks" is a "functional" column of Odaily. On the basis of covering a large amount of real-time information every week, a lot of high-quality in-depth analysis content will also be released, but they may be hidden in the information flow and hot news, and pass you by.

Therefore, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days. You bring new inspiration.

Now, come and read with us:

Investment and Entrepreneurship

Now, come and read with us:

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Investment and Entrepreneurship

Correlation Study on the Impact of the Merrill Lynch Clock Model on the Cryptocurrency Market

According to the output gap and the alternating rise and fall of CPI data, the economic cycle can be divided into four periods, namely recession period, recovery period, expansion period and stagflation period. These periods appear successively and constitute a complete cycle.We are in a period of deflation; the optimal allocation in the current cycle is bonds; defensive stocks and long-term growth stocks are preferred in the sector allocation of stocks; defensive currencies such as BTC, LTC and ETH, MATIC are preferred in the cryptocurrency field and other long-term growth currencies.》。

DeFi

Interpretation of the Web3 developer report: the best time to enter the Web3 "bull market" is now

Entering the bear market in 2022, the market situation is fluctuating, and venture capital institutions are still active in Web3. The data in the "Web3 Developer Report" are significant. The number of Web3 developers, the number and categories of Dapps show a stronger trend than the bull market. upward momentum.

Regardless of bull or bear market, Web3 developers use technology to drive the progress and development of the entire industry.

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Pantera Capital Survey: Secrets of Encryption Salary

After the FTX thunderstorm, have users turned to DEX?

DEXs are growing slowly, with Uniswap leading in volume and Pancakeswap leading in number of unique traders. Compared to CEX, DEX has less than 10% of the trading volume.

NFT, GameFi and Metaverse

TokenInsight: 2022 Q3 Research Report on Decentralized Derivatives Exchanges

In 2019, the top three derivatives exchanges are BitMEX, OKX, and Huobi; in 2020, they will be Huobi, Binance, and OKX; in 2021, they will be Binance, Huobi, and Bybit; in 2022, they will be Binance, OKX, and Bybit (there is a place for FTX).

According to the current market development trend, the market size of decentralized exchanges is expected to increase by more than 10 times within a year. Insufficient liquidity, high transaction costs, low product usability, and poor feature richness are the main problems faced by decentralized exchanges. The next development direction of the decentralized derivatives exchange mainly includes providing more diverse trading mechanisms and products, striving for market share, and deploying new chains to realize the concept of complete decentralization (especially dYdX). The core mechanism of most new entrants still cannot escape the structure established by the current head project in essence, namely the order book, multi-asset liquidity pool and vAMM mechanism.

The article also briefly introduces the rising stars of the decentralized derivatives trading track: Mycelium, Deri Protocol, OPX Finance, SynFutures, Firefly, Kwenta.

NFT, GameFi and Metaverse

Interpreting the UniSwap NFT marketplace protocol is more than just an aggregator

This time, UniSwap did not just release an aggregator platform and a scheduling protocol, but released two complementary protocols - an efficient and secure new generation authorization protocol Permit 2 (users only need to authorize once, and can skip all subsequent The authorized operation of the agreement and its transactions, replaced by off-chain signatures) and the unified FT and NFT swap agreement Universal Router. The author is more optimistic about such a non-upgradable protocol without an owner. The code and sdk are completely open, and any application and protocol can be integrated.

In the cryptocurrency area, especially the NFT market, there are no strict regulations, so the phenomenon of wash trading is sometimes rampant. In addition to the above-mentioned reasons for wash trading, there are two reasons that are unique to the NFT market: tax reduction and earning trading platform token rewards. Of all volume, 42.9% is wash volume.

Web 3.0

Abstract Narrative of NFTFi: Liquidity Conundrum, Introduction of New Roles, Risk Displacement and Its Extension

An extension of NFTFi: The relationship between gaming guilds and NFT rental agreements.

Ethereum and scaling

PFP NFT has no utility other than social attributes, so how can the logic of Fi be closed? Whether it is DeFi or GameFi, the basic requirement of Fi is that its underlying assets have a certain interest-generating ability: the underlying assets of DeFi can generate interest in currency, and the underlying assets of GameFi can realize value feedback through leasing. So I want to put aside all the factors that currently limit the development of NFTFi, the logical gap of PFP NFTFi may be here.

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Binance Research: Web3 Social on the Road to Mass Adoption

Currently, Web3 social cannot directly compete with Web2 social in terms of user experience, and to be successful, it needs to offer unique and innovative utility. We are monitoring innovations in the following areas: mobile applications, crypto-native innovations, connections to Web3 scenarios.

Ethereum and scaling

Talking about the development and opportunities of the pledge track after the transfer of Ethereum to POS

EIP-4895 can be said to be the core of the upgrade of Ethereum Shanghai. As a result, the pledged ETH withdrawal operation is realized, and the implementation method is to introduce a system-level withdrawal instruction. There are many ways to execute the withdrawal operation. The characteristics of this withdrawal operation are as follows: 1. It is initiated by the system itself instead of a user, which is more concise and easy to review; The control of the withdrawal limit at the consensus layer does not need to use gas for anti-Dos protection; 3. Directly update the balance of the execution layer, without EVM execution process, and adopt the simplest implementation strategy.

New ecology and cross-chain

In-depth interpretation of the pattern evolution of Ethereum L2 and public chain

L2's DeFi TVL and transaction volume, ecological project development, number of active addresses, number of transactions, fees, and TPS all performed well. L2 and some non-Ethereum public chains will form a direct competitive relationship and have a higher probability of gaining an advantage. In addition, there is also a possible unexpected situation, that is, a new technological paradigm suddenly emerges, starting from a different path, and completely subverting the scalability of the current blockchain.

4D Detailed Explanation zkEVM: The Future of Ethereum Scalability

A very systematic introduction. The report begins with a brief overview of the current state of the Ethereum network, and lays the foundation for understanding zkEVM by introducing core concepts such as block production, EVM, and Rullups; then summarizes the different types of zkEVM that can exist on Ethereum, and compares the 5 major zkEVM implementations; and highlights the implementation challenges of this emerging technology, as well as an outlook on the zkEVM competitive landscape over time. Overall, zkEVM is still in the early stages of Ethereum development and adoption.

The impact of the FTX thunderstorm on the Solana ecology includes: a severe drop in the price of tokens in the ecology; liquidity crunch and a sharp drop in TVL; the flight of stablecoins; In the chaos, Serum was urgently forked; the lending system failed to liquidate bad debts; soBTC/soETH issued by FTX/Alameda could not be redeemed; NFT panic selling ushered in the "Davis Double Kill".

DAO

AI DAO and three paths to its realization

The reasons why the Solana ecology is oversold include: the symbiotic relationship between the Solana ecology and FTX; the money of some project parties in the Solana ecology is stored in FTX.

Optimistically look at the subsequent bankruptcy liquidation of FTX: most of the SOL sold to FTX/Alameda is still in the lock-up stage; referring to the "Mt.Gox incident", the bankruptcy liquidation may last for many years, which is equivalent to a lock-up; With a small amount of funds, it can still operate normally.

As for the future Solana, technically speaking, Solana is still the original high-performance public chain, passive demining, and the loss of VC optimizes Solana’s token distribution and decentralization to a certain extent; It is backed by a strong developer community; the NFT ecology has achieved remarkable results; actively expanding the multi-chain ecology; but old problems such as downtime need to be solved urgently; facing challengers such as Ethereum Layer 2, Aptos, and Sui, The situation is grim.

The three paths to realize AI DAO are: AI at the (smart contract) edge; AI at the (smart contract) center; swarm intelligence - a fool agent that automatically emerges collective intelligence.