Latest this week
It’s no surprise that the bull market is back. We’re still in early innings but things are heating up across the entire industry. Today, Bitcoin ranked higher than Jesus in Google search interest rankings which is a telling sign that it has crossed a critical threshold of retail interest. My personal view is that the run up to $20k is going to cause the interest curve to go parabolic, which makes trading charts go parabolic.
Totle launched their new DEX swap application which has an absolutely slick UX to it. These are exactly the kinds of products we need in the space. Check this demo out:
Ethereum transactions reach an 17-month high of over 1 million daily transactions. Furthermore, for the past 9 months the capacity of the network has been over 80% (average). Many people fear the death of “alt-season” (which subjectively includes Ethereum), however it’s only a matter of time when this changes. A key mistake participants in a market make repeatedly over time is that whatever happening in the present will continue perpetually. Ethereum’s bull case is extremely strong and will probably cause irrational exuberance, again this time with stronger fundamental value. This photo by Anthony Sassano explains it quite well visually.
Layer 2 ecosystems are going to become increasingly sophisticated and amazing to see play out. Now that the basic problems around plasma have been solved, we’re going to start seeing the rise of more sophisticated layer 2 solutions that go beyond payments. Jinglan Wang posted a tweetstorm about the direction Plasma Group is heading. Many layer 1 chains are finally just launching and struggling to build ecosystems. Ethereum is the only programmable chain where layer 2 works is accelerating at a pace like no other. STARKs, SNARKs, Plasma, State Channels - they’re all coming very soon.
On Chain Statistics
Total Locked in DeFi: $605M. We’re up by almost $100m!! The road to $1B locked up is going to be incredible.
Biggest Gainer: Compound has been killing it with over $40m locked up in their contracts!
Interesting Stat: Lightning Network finally reaches $10m in locked up payments. Is it finally delivering?
Project Updates
Shiftly, a decentralized crypto exchange aggregator, just launched on Mainnet with AirSwap integrated as a launch partner. Read more on the initiative on Shiftly’s blog.
Our own Maxime Bucaille will join FOAM and Enigma on June 25 in New York City to discuss implications of usability and privacy in decentralized applications.
A few weeks ago, Keyrock and AirSwap joined forces with the vision of democratizing liquidity and token accessibility. With this initiative, any individual or team can add their token to AirSwap and receive free liquidity services from Keyrock. Learn more about the initiative on Keyrock’s website.
CDP Saver now supports https://twitter.com/compoundfinance - manage your lending and borrowing portfolio and interact between Compound and MakerDAO CDPs directly
CDP Saver now integrates with Eth2Dai and https://twitter.com/Uniswap exchanges! - Automatically get the best prices with low slippage
We officially launched MPX and Position Tokens, introducing our first token – leveraged BTC/DAI! Traders can start trading on MPX (ex. US for now)
We published Part 2 of our MPExplained educational series: Trading Position Tokens. Check it out to learn more about trading BTC/DAI tokens
New tutorial: How to build a UTXO chain on Substrate.
Energy Web, a chain built with Parity Ethereum features, launches
ChainX launches--the first mainnet launch of a chain built on Substrate
New breakdown: how Substrate and Polkadot fits into the blockchain scalability ecosystem
We're hiring! New opening: Content Strategist.
Polkadot.network is now available in Japanese, Korean, Chinese (Mandarin), and Russian
Foundations laid for a Polkadot x Zcash bridge
Web3 Foundation is providing grants to build the Web3 ecosystem.
Lots of openings to build Polkadot
New submissions for PolkaDAO
Last call for speaker and workshop submissions at Web3 Summit
New tutorial: How to build a UTXO chain on Substrate.
Energy Web, a chain built with Parity Ethereum features, launches
ChainX launches--the first mainnet launch of a chain built on Substrate
New breakdown: how Substrate and Polkadot fits into the blockchain scalability ecosystem
We're hiring! New opening: Content Strategist.
Polkadot.network is now available in Japanese, Korean, Chinese (Mandarin), and Russian
Foundations laid for a Polkadot x Zcash bridge
Web3 Foundation is providing grants to build the Web3 ecosystem.
Lots of openings to build Polkadot
New submissions for PolkaDAO
Last call for speaker and workshop submissions at Web3 Summit