Daily Edition · Page 6

THE DAILY INDEX

Technology, AI, software, security, crypto and business

MARKETS & BUSINESS

TLDR Crypto

KALSHI FIRST, POLYMARKET FOURTH IN FINANCIAL CATEGORY OF APPLE APP STORE ON ELECTION DAY

Prediction platforms Kalshi and Polymarket reached the top spots in Apple's finance app category on US Election Day 2024, with Kalshi ranking first and Polymarket fourth. Both platforms are prediction markets, which allow users to bet on election outcomes. However, only Kalshi is available to US users, having recently received approval to list election betting contracts and driving high user interest and volume.

LAUNCHING DELEGATED ACTIONS ON PRIVY

Privy has introduced “delegated actions,” a feature that allows users to grant apps permission to perform specific on-chain actions on their behalf, even when offline, improving the user experience in self-custodial systems. This tool enables automated workflows like executing limit orders or recurring transactions, with all actions rooted in user consent and secured through Privy's key splitting cryptosystem and secure enclaves.

LRT LIQUIDITY AND UTILIZATION UPDATES (JULY - OCTOBER)

The latest LRT Liquidity and Utilization report highlights key updates across top liquid restaking tokens (LRTs), with notable developments in EigenLayer's incentivization programs and liquidity trends in decentralized exchanges and lending protocols. Liquidity has generally decreased, but lending protocols are absorbing more LRTs, a trend expected to continue as restakers prioritize ETH rewards for greater capital efficiency, especially as auto-compounding options gain traction.

THE AI AGENT REVOLUTION: 2 TRENDS YOU NEED TO KNOW

AI agents are evolving from pure personality-based agents like Truth Terminal to hybrid personality-utility agents like Luna that can perform onchain transactions. There has been an expansion from single-channel to multi-channel presence across social media platforms. Major AI platforms like Fetch.ai and Virtuals are positioning for this transition, with 2025 projected as a pivotal year for AI agent adoption across DeFi, strategy management, and social media content creation.

ETHEREUM ROADMAP UNDER FIRE

Ethereum's roadmap, with key upgrades like EIP1559, Proof of Stake, Shapella, and EIP4844, has had wide-ranging economic effects on developers, validators, users, and token holders by impacting fees, validator yields, and transaction costs. While these changes have supported Ethereum's scalability, especially through increased L2 adoption, questions remain about whether the primary value will continue to accrue at the L1 level or shift more significantly to L2 solutions.

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