Weekly Editors Picks is a functional column of Odaily. In addition to covering a large amount of real-time information every week, it also publishes a lot of high-quality in-depth analysis content, but they may be hidden in the information flow and hot news and pass you by.
Therefore, our editorial department will select some high-quality articles worth spending time to read and collect from the content published in the past 7 days every Saturday. From the perspectives of data analysis, industry judgment, opinion output, etc., we will provide those in the encryption world with You bring new inspiration.
Next, come and read with us:
Investment and Entrepreneurship
HashKey Capital: Full analysis of the Web3 investment track in 2024
HashKey Capital analyzes and sorts out ZK, AA, intent, DA, Rollup Frameworks RaaS, Cosmos, security, AI, DeFi, Gaming Entertainment, institutional services, Bitcoin, and DePIN tracks, and quickly establishes an understanding of the current industry. Awareness helps a lot.
AI concept tokens account for half of 0xScopes list of Smart Moneys most profitable currencies. This is mainly due to the market enthusiasm caused by Sora extending to the encryption market. MOBY, which ranks at the top of the list, is a very popular project in the community and focuses on community-driven and “Token Distribution Fairness Concept.”
To sum up, market attention + fair distribution + small circulation market capitalization are the common features of high-yield varieties in this market chain.
Meme Quotes Again? What are the characteristics of a successful Meme?
The total amount should be large and the unit price should be low; design popular cultural symbols; gather more community consensus; try to choose mainstream public chains (Ethereum and Solana) with the most funds and users; make good use of airdrops to attract market attention and data.
Airdrop opportunities and interactive guide
Research on the history of airdrops: What is the future of the Lu Mao Party?
In the past six months, the points system (based on transaction volume or deposits) has become the reference indicator for airdrops in most projects. Projects that adopt the deposit points system generally use some soft anti-witch methods. Unlike DeFi mining, which clearly states the price of APY, users guided by the points system base all their behaviors on the projects unreleased token economic model, unreleased airdrop distribution plan, unpredictable future market conditions, etc. Under certain conditions, blind mining and mining points are actually a game between users and project parties based on information asymmetry, which tests the users investment and research capabilities.
Airdrop points are essentially infinitely inflationary. For users with small funds, the participation of large players dilutes the airdrop share. Airdrop targets are increasingly focused on core players, providing sunshine benefits to multi-chain users.
The reference condition trends for future airdrop rules include: official background NFT binding airdrop shares, project side airdrops tend to value developers, and cooperate with professional witch hunting organizations to screen qualified users. Lumao users are also spreading from the EVM chain to other chains, from focusing on large financing projects to focusing on small and refined projects. The airdrop standard has changed from interactive to deposit-based. In the future, users’ accumulated funds will be the main standard, which may become the norm. This reflects the game and changes in needs between users and project parties.
For the Wool Party, the golden age of mass airdrops and picking up money everywhere has become history. Where the airdrop narrative will go in the future, everything must take into account the classic A persons success depends on ones own efforts, but also on ones own efforts. Consider the course of history.”
Data review 50 airdrop tokens: when to sell to maximize returns?
The best time to sell airdrop tokens is probably within 14 days of receiving the airdrop tokens.
2024 Testnet Interaction Encyclopedia: Ambush the next big airdrop
Highlights include Berachain, OKX’s X 1, Axiom, Metis, Pryzm, Taiko, and Fuel.
In the new year of airdrop, this article summarizes the projects worth participating in
Introduced in turn are Rabby Wallet, Rainbow Wallet, MetaMask, Eigenpie, Kelp DAO, Renzo, ether.fi, Meteora, Drift Protocol, Pike, Bungee, Jumper, deBridge, Owlto Finance, Polyhedra Network, El Dorado, Azuro, Clip Finance, Struct Finance, Scroll, Linea, zkSync, Mode, Rysk Finance, LogX, Hyperliquid, Aevo.
Brand airdrops, Blast, these ecological projects are worthy of attention
Blast mainnet is online, taking stock of 14 ecological projects that can eat more from one fish
Step-by-step interactive tutorial: Linea Park mission guide for the first two weeks
Bitcoin Ecology
Galaxy Bitcoin Annual Mining Report: Confronting Hash Price Volatility
Regular spikes in transaction fees in 2023 have helped miners’ revenue increase significantly. Transaction fees in 2023 totaled 23,445 Bitcoins, of which Ordinals transactions contributed 5,000 Bitcoins. The fees in 2023 are more than 4 times the total transaction fees in 2022, totaling 5375 BTC.
As demand for block space fluctuates, hash power price volatility will increase in 2024, causing transaction fees to fluctuate sharply, leading to further changes in hash power. It is expected that the network computing power in 2024 will be between 675 EH and 725 EH.
Bitcoin miners, facing revenue fluctuations and high reliance on transaction fees, are actively evaluating new risk management strategies, including tools such as hash rate derivatives contracts, to ensure revenue predictability, stability and maintain investor confidence.
Increased transaction fee volatility after the halving will become an important driver of hash price, difficulty and block time differences, with broader implications for mining pool payment plans and miner curtailment signals.
Revisiting Bitcoin Layer 2: Chaos is the ladder to climb
Under the definition of Bitcoin Magazine, Bitcoin L2 needs to use Bitcoin as the native asset, use Bitcoin as the settlement mechanism to enforce transactions, and demonstrate functional dependence on Bitcoin.
Dashan, the founder of Waterdrop Capital, believes that from a broad BTC Layer 2 perspective, as long as BTC is consumed as Gas or BTC is used as the underlying asset, it can be used as a DApp platform, and its performance is much better than that of BTC, and it is considered Bitcoin Layer 2 ( Including but not limited to Indexer-based application platform, EVM rollup, EVM crosschain, side chain, lightning network and RGB, etc.). In the narrow sense of BTC Layer 2, at least the following two conditions need to be met at the same time:
1. Is it safe to share with BTC?
2. Whether it is censorship-resistant.
The confusion of definitions and actual situations does not in itself mean loss of control or disorder. On the contrary, it is a process of exploration and practice, a prelude to constructive development.
Ethereum and Scaling
Opinion: Why am I less bullish on Layer 2?
There is a theoretical glass ceiling in Layer 2 valuation. Ethereum L1 ensures the security of L2 activities through its consensus mechanism, thus theoretically limiting the value of L2 to not exceed L1.
Aggressive token releases and incentives will continue throughout this cycle until a clear winner emerges from the Layer 2 competition.
Therefore, Layer 2 as a category will lag behind in terms of price performance overall.
Multiple ecology
On the eve of the Cancun upgrade, will Metis be the biggest dark horse in this round of narrative?
Metiss Hybrid Rollup makes Metis both efficient and secure when processing a large number of transactions, and the scalability of the entire system will not be limited. Any DAPP compatible with EVM can be seamlessly connected to Metis. The most eye-catching thing is the decentralized sorter that will be launched soon. The MetisEDF development plan launched by Metis is the largest ecological incentive fund among all L1/L2 in the past two years (calculated by METIS about 106 U).
Metis ecological staking protocols such as ENKI lower the threshold for staking sequencer nodes. This gives ordinary users more revenue opportunities.
Other ecological key projects include DEX aggregator Hera Finance, lending protocol Aave, DEX Hermes Protocol and Net Swap, perpetual trading protocol Tethys Finance, cross-chain bridge Stargate, and a liquidity staking protocol designed specifically for the Metis decentralized sorter pool. Artemis Finance, DeFi protocol WAGMI.
Metis LSD Ecological Mining: The First Collision between Layer 2 and LSD
Metis unique decentralized sorter pool technology solution has created a demand for staking, making LSD the most convenient and high-yield channel for the community to participate in decentralized construction.
In order to vigorously develop the liquidity staking track, Metis officially issued numerous ecological incentive plans such as MetisLSB, which gives the LSD protocol an annual mining yield of 20%, far exceeding Ethereum and other networks which only have 4.25%.
Emerging protocols such as ENKI and Artemis have launched community proposals, and their token economics and upcoming ecological activities will serve as important criteria for early airdrops and deserve attention.
DeFi
Galaxy: 10 pictures explaining the vitality of RWA, DeFi and the Ethereum ecosystem
The demand for crypto-native assets to replace RWA in DeFi continues.
Although the massive airdrop has ended and users continue to flock to DeFi, DEX retention rates declined in January. This indicates some exodus or capitulation among DeFi users.
IOSG Ventures: Detailed explanation of the origin, working principle and related protocols of OEV
OEV (Oracle Extractable Value) arises when there is a gap between real-world asset prices and their (lagging) updates on the blockchain, providing searchers who take advantage of such oracle updates to act on them opportunity for profit.
Umas Oval takes a novel approach to managing OEV by leveraging wrapper Chainlink oracle updates to let searchers bid on price feeds. It is then sent to MEV-Share to facilitate a private order auction process and ultimately return value to the protocol.
While the existence of OEV presents problems, innovative solutions like Uma Oval can mitigate its negative impacts, providing a blueprint for a fairer and more sustainable DeFi future.
SocialFi
Interpretation of Farcaster: DEGEN becomes the most frequent word in the application
At this stage of growth, what keeps Farcaster engaged is a core culture of people generously sharing their questions, answers, likes, tips and ideas.
Long content is more popular.
Another nice touch: the underlying protocol and its social graph are open and analyzable.
Hot Topics of the Week
In the past week,BTC breaks through $64,000, driving crypto market surge，Cryptocurrency concept stocks rise collectively，Coinbase becomes the fourth largest listed exchange in the world，U.S. judge approves plea deal for Binance to pay $4.3 billion fine，FTX agrees to sell FTX Europe back to its founders for $32.7 million；
In addition, in terms of policy and macro market,U.S. SEC seeks public comment on the possibility of introducing Bitcoin spot ETF options trading；
In terms of opinions and voices,Satoshi Nakamotos early comments and email history come to light, the father of blockchain:Blockchain was born for NFTs, not cryptocurrencies，Vitalik recommends Elon Musk use Linux open source operating system on new computer，Arkham：More than $1 billion in Bitcoin transferred from U.S. government addresses, from seized Bitfinex hacker funds, Grayscale CEO:Frequent MA proposals after winning SEC case last year, open to them, Matrixport Analyst:The bull market will continue until February or September next year, and BTC will reach $125,000，EOS CEO says he will reverse token inflation,analyze:Worldcoin faces the risk of value bubble, and hidden additional issuance may trigger a price peak and fall back，SBF shares crypto market investment advice with prison guards and recommends investing in SOL；
In terms of institutions, large companies and leading projects,Apple will gradually end its decade-long electric car project Titan and move into the field of generative AI，Matrixport HK has submitted its application for a Hong Kong virtual asset trading platform license，DWF Labs launches OTC trading platform Liquid Markets，Uniswap launches web-based limit order function without gas fees，Launched web plug-in wallet，Frax Finance considers introducing a token staker reward mechanism similar to Uniswap，Jupiter LFG Launchpad voting opens next week，Ethena：Shard Campaign Phase 2 goes online this week and plans to add support for Pendle，TelegramPlans to sell TON at a discount to long-term investors to limit their token holdings to 10%, founder of Telegram:The advertising platform is scheduled to open in March, and channel owners will receive Toncoin economic rewards，Arweave launches parallel computing layer AO，Blast BIG BANG announces competition results，BlastMainnet online，50% of the airdrop will be distributed to point users，Portal starts staking，Aevo：Two snapshots have been taken, and another round of snapshots will be taken next weekend. Airdrop distribution will prioritize early users and users participating in the mining promotion plan.；
NFT, GameFi, SocialFi fields,The Gas Hero game will be paused, returned to closed beta status, and the rules will be redesigned，friend.tech published an article with pictures suggesting that an airdrop may be held this spring.，Lens Protocol Announces Lifting Licensing Restrictions, Allowing Public Access to All Users；
In terms of safety,MicroStrategy X account suspected to be under attack and phishing airdrop link released...Well, it’s been another week of ups and downs.
Attached is the Weekly Editors Picks seriesportal。
See you next time~
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