TLDR CryptoApril 5, 2024

TLDR CRYPTO 2024-04-05

5 sections12 entrieslinks blockcomplete parse

Parse notes

Subscription/account footer truncated before parsefooter_truncated

01MARKETS & BUSINESS

PAYPAL ENABLES PYUSD FOR XOOM TRANSFERS

PayPal has launched a new feature that allows U.S. customers to make international transfers using the PYUSD stablecoin without incurring transaction fees. This service, available through Xoom, PayPal’s international payments platform, enables U.S. clients to convert PYUSD into USD and send it to recipients in ~160 countries. PayPal’s recent move aligns with the company’s broader strategy to increase the adoption of digital currencies and build its reputation in the digital asset space.

theblock.co2 min read

RIPPLE ENTERS STABLECOIN FRAY VS. TETHER, USDC

Enterprise blockchain company Ripple is creating a stablecoin pegged to the U.S. dollar. It will be native to the XRP Ledger and backed by short-term government treasuries, dollar deposits, and cash equivalents. The company hopes these “rock solid” assets and transparency will differentiate it from other stablecoin issuers. The stablecoin will be released later this year.

coindesk.com2 min read

02INNOVATION & LAUNCHES

STRATEG. RELEASES ITS BETA

Murphy Labs has released the beta version of the Strateg. Protocol, a DeFi platform enabling users to devise, manage, and invest in crypto asset strategies, on the Polygon PoS network. Strateg. leverages ERC-4626 tokenized vaults, offering strategists the ability to adjust investment parameters and monetize their expertise. It is still in beta, with V1 to launch after the protocol is tested and smart contracts are audited.

twitter.com7 min read

ESSENTIAL: THE FIRST DECLARATIVE BLOCKCHAIN

Essential is a new blockchain that uses constraints to perform state updates without the need for execution. All current blockchains use the imperative programming paradigm, causing poor UX and uncertain outcomes. Interactions in Essential are defined in terms of their outcomes using declarative programming and intents instead of instructions, leading to better developer and user experiences.

twitter.com3 min read

03GUIDES & TUTORIALS

A DEEP DIVE INTO THE JUPITER PERPETUAL EXCHANGE PRODUCT

This article provides a deep dive into the Jupiter Perpetual Exchange, a new offering from the leading decentralized exchange (DEX) aggregator in the Solana ecosystem. It analyzes Jupiter's dominance in Solana DeFi, the growth and economics of its perpetual futures product, and the potential for further expansion of the perpetual exchange.

decentralparkcapital.substack.com9 min read

THIS WEEK ON-CHAIN - AIRDROPS, DEX VOLUMES, AND NFT TRENDS

This article provides an overview of the latest developments in the crypto market, covering notable airdrops, bridge flows, DEX volumes, and NFT trading activity. It highlights the accumulation and de-risking trends across various ecosystems such as Ethereum, Base, and Arbitrum while offering insights into upcoming token unlocks and their potential impact on market volatility.

degensensei.substack.com8 min read

04MISCELLANEOUS

SOLANA POSTING HIGH TRANSACTION FAILURE RATE

Dune Analytics reports a high failure rate (~75%) for Solana transactions. This post contrasts Solana’s performance with Cardano’s, suggesting that Cardano's focus on security, decentralization, and scaling may soon establish it as a leader in blockchain solutions.

twitter.com2 min read

ALL CRYPTO IS CONSUMER CRYPTO

All successful crypto products are inherently consumer-oriented. Tokens are the true crypto products - this can be seen by examining universal attributes of thriving consumer brands like desire-based pricing, power law consumption, and addictive properties. This challenges the notion of “consumer crypto” as distinct from infrastructure by suggesting that the most successful crypto applications already possess the key traits of consumer adoption.

twitter.com5 min read