The Daily Index — Tuesday, August 27, 2024 · TLDR Index

MARKETS & BUSINESS

TLDR Crypto

TLDR Crypto

STABLECOIN MARKET CAP HITS NEW ALL-TIME HIGH, BEATING EARLY 2022 RECORD

This past weekend, the total market cap of stablecoins (excluding algorithmic stablecoins) hit its all-time high at $168.1 billion. This surpassed the previous high from March 2022, and is a $40 billion increase from October 2022 lows. Analysts see this metric as a signal that there is growing confidence and interest in the market from institutional investors.

theblock.co · 2 min

TLDR Crypto

BLOCKWORKS LAUNCHES LIVE SOLANA DASHBOARD

Blockworks' new Solana dashboard provides comprehensive data access, including Total Economic Value (TEV) stats, validator and staker cash flows, as well as detailed transaction activity and segmentation.

threadreaderapp.com · 2 min

TLDR Crypto

ORDERLY NETWORK'S $ORDER STAKING & CLAIMS NOW LIVE

$ORDER staking and claims have gone live, allowing users to participate in staking, claim their airdrops, and earn rewards for trading and market making on the platform.

threadreaderapp.com · 1 min

TLDR Crypto

SVM VS. EVM

EVM L1s and L2s attempt to attract existing developers and liquidity through incentive programs and novel features. SVM-based rollups also target ETH & BTC liquidity alongside developers in mainstream languages like Rust and C++.

threadreaderapp.com · 1 min

TLDR Crypto

DEEP DIVE INTO MANTLE

Mantle is gaining momentum in the crowded Ethereum Layer 2 space, backed by a $3B treasury, strategic products like mETH and FBTC, and upcoming tokens like cmETH and COOK. With a strong track record, significant product traction, and lucrative farming opportunities, Mantle continues to stand out as a key player in Web3.

threadreaderapp.com · 2 min

TLDR Crypto

ETHEREUM IS DYING WHILE L2'S DANCE ON ITS GRAVE

Ethereum's reliance on Layer 2 (L2) solutions is leading to its downfall by fragmenting the ecosystem, pushing users towards centralized L2s, and undermining the original promise of decentralization. L2s are siphoning off Ethereum's fees and users, making it impossible for Ethereum to scale effectively at Layer 1, which could ultimately lead to Ethereum's demise while benefiting L2s and their backers.

threadreaderapp.com · 2 min

TLDR Crypto

MAGIC EDEN'S MAGIC TICKETS CONTROVERSY

In early 2022, NFT marketplace Magic Eden (ME) airdropped Magic Tickets to users, promising airdrops, points, and whitelist sports. It also introduced the Magic DAO, but it was never implemented, and mentions of the Magic Tickets have slowly been removed from ME's blogposts. When ME's diamonds were introduced as part of its points program, there was a one-time exchange for users - there is now no planned utility for tickets. Users are frustrated with the small conversion value and fees that the marketplace generated from speculative ticket trading.

threadreaderapp.com · 3 min

TLDR Crypto

VITALIK'S THOUGHTS ON DEFI

Vitalik Buterin hopes to see applications that are sustainably useful and aligned with crypto's core principles of decentralization and permissionlessness.

threadreaderapp.com · 1 min

TLDR Crypto

SREERAM'S 20-YEAR PREDICTIONS

By 2045, DeFi is expected to be bigger than Wall Street, and the broader crypto market to be bigger than DeFi, much like the relationship between the US economy and Wall Street.

threadreaderapp.com · 1 min

TLDR Crypto

STANI ON DEFI APPLICATIONS

DeFi is positioned to revolutionize all financial sectors by serving as a primary platform for credit extensions, using protocols like Aave to leverage tokenized RWAs as collateral.

threadreaderapp.com · 1 min

TLDR Crypto

RESILIENT SOCIAL NETWORKS

The concept of "resilient social networks" advocates for designing systems that function without centralized control.

app.t2.world · 2 min