"Weekly Editor's Picks" is a "functional" column of Odaily Planet Daily. In addition to covering a large amount of real-time information every week, Planet Daily 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, every Saturday, our editorial department will select some high-quality articles that are worth spending time reading and collecting from the content published in the past 7 days, and bring new inspiration to you in the crypto world from the perspectives of data analysis, industry judgment, and opinion output.
Now, come and read with us:
Investment and Entrepreneurship
GSR: Will the Solana ETF go through? What are the potential impacts on price?
The two key factors that determine the next spot ETF are the degree of decentralization and potential demand. After analysis, if the United States allows additional spot digital asset ETFs, Solana will be the next.
The inflows of the spot Solana ETF could be 2%, 5%, or 14% of Bitcoin (pessimistic, neutral, optimistic). Referring to the impact of the spot Bitcoin ETF on Bitcoin (2.3 times growth), the conclusion is as follows:
Also recommended: "LUCIDA: Revealing the Crypto Macro Analysis Methodology of Top Researchers", "The Final Chapter of Tracking Smart Money on the Chain: A List of the Addresses of the Top 10 Eco-Coin Ambush Experts", "Will it rise or fall in the next three months? Bankless predicts the trends of 16 tokens".
In-depth discussion: Is there still a need for governance tokens?
The article proposes a four-quadrant framework for evaluating governance tokens based on the reliability of token holders’ rights and control over economic value. It studies the tokens in each quadrant through sample cases, and finally provides builders and investors with advice on how to build and evaluate governance tokens.
Governance tokens can add value in two main ways: by helping applications manage the risks inherent in their business models and by providing utility to their holders in the form of tangible economic value (like GMX).
Whether a cryptocurrency project is brand new or mature, it’s not too late to identify shortcomings and make changes.
In the era of blockchain space commercialization, will “fat applications” eventually rise?
Valuable order flow is more important than the quantity of order flow. Applications will account for the largest proportion of total value.
Looking ahead, applications should look to create new types of order flows, including: creating new assets (e.g. Pump and memecoins), building applications for new use cases (e.g. Worldcoin, ENS), creating vertically integrated better consumer experiences and supporting valuable transactions, such as Farcaster and Frames, Solana Blinks, Telegram and TG applications, or on-chain games.
airdrop
Odaily Exclusive Interview with LuMao Studio: Uncovering the Secrets of Web3's "Brushing" World
A story-based article, including the unique structure of LuMao Studio, and the competitive and cooperative relationship between LuMao Studio and the project owner
Meme
How to choose potential Meme coins based on TVL changes?
The Memecoin TVL pump theory posits that a major memecoin or a basket of major memecoins will serve as a leveraged bet for on-chain TVL.
Taking Base and TON as examples, TVL inflow = major memecoin performance. If you can predict that TVL will increase, you can hold a position in the major memecoin on that chain as a leveraged bet on the TVL forecast.
Predicting TVL growth can be divided into two categories: long-term and short-term. Long-term forecasts are essentially predicting where TVL will go over multiple months. Short-term approaches look at short-term catalysts like points programs or airdrops as the reason for TVL growth.
Ethereum and Scaling
With L1 and L2 crowded together, what other L3 projects are worth paying attention to?
The general idea of Layer 3 is to further scale Ethereum by creating highly customizable, cheap, fast, and interoperable chains with varying degrees of security and decentralization. Examples of Layer 3 frameworks include Arbitrum Orbit and zkSync Hyperchains. This article briefly introduces Degen Chain (DEGEN) and Sanko (DMT).
Also recommended: "2024 Ethereum Stakeholder Report: What issues do independent stakers care about?"
Multi-ecology
Blinks Fantasy: Starting from the underlying logic, exploring the most promising application scenarios
“Immediacy” and “promoting the purchase of valuable information” are the real battlefields for Blinks.
Blinks is effective in reaching new users, converting new users, and awakening old users.
Potential use cases include investment, consumption, community governance, decentralized social networking, blockchain games, etc.
Also recommended: "Explore 50+ innovative use cases of Solana Blinks in one article."
Beginner's Guide: How to Play with TON Ecosystem
The article introduces wallets, cross-chain bridges, CEX, and some on-chain applications, and believes that the gameplay of the TG APP, transfers, transactions, games, etc. can all be completed in TG, which is a more mobile user-friendly environment compared to other public chains.
To master TON ecological game Alpha, you need these tools
This article includes how to configure the wallet, find popular TON ecosystem games, and open multiple game simulators.
DeFi
As altcoins continue to fall, it’s time to refocus on DeFi
There are three reasons for the sharp drop in the price of altcoins: insufficient growth on the demand side, excessive growth on the supply side, and a continuous wave of lifting of restrictions.
It is the right time to pay attention to DeFi because PMF products have emerged from the bubble period - from the business perspective: it has a mature business model and profit model, and the leading projects have a moat; from the supply side: low emissions, high circulation ratio, and a small scale of tokens to be released; from the valuation side: market attention and business data diverge, and the valuation level falls into the historical low range; from the policy side: the FIT 21 Act is conducive to the compliance of the Defi industry and may trigger potential mergers and acquisitions.
The article further analyzes Aave, Uniswap, Raydium, Lido, and GMX as examples.
After the launch of Ethereum ETF, will the RWA track usher in an explosion?
Key sectors: Treasurys, credit, real estate. Private RWAs remain largely untapped. Regulation and poor value accumulation are big risks.
Also recommended: "RWA Narrative Renaissance: Who is standing at the forefront of the huge To B business?"
GameFi、SocialFi
Discussing the future development of blockchain games from the perspective of VC and Builder
If you have strong technical skills, first consider a decentralized full-chain casual game based on a social platform.
If you have strong operational capabilities, first consider centralized GameFi mini-games based on a social platform, with TON being the first choice.
It is not recommended to invest in/produce large-scale 3A blockchain games targeting Web3 users. This is a pitfall.
Can Farcaster, the social networking leader with a valuation of 1 billion, become a new hot spot in the bull market?
Farcaster's total number of users has reached 540,000, and the number of daily active users has surged from 2k at the beginning of the year to 56k at present, an increase of more than 28 times.
Farcaster protocol data is stored in the hub on and off the chain. Developers can choose to run the hub node themselves or use third-party service providers like Neynar to obtain data. All of this data is permissionless. Based on this available data, developers can build a variety of clients and applications, which greatly increases the richness and innovation space of the Farcaster ecosystem.
Users can track the progress of the ecosystem through the decaster website. The article also introduces some highlight projects: WrapCast, Jam, Clubcast, BountyCaster, AlfaFrens.
Built for a new generation of attention merchants, crypto products are moving closer to SocialFi
Web3
Viewpoint: Web3 needs Mass Admission, not Mass Adoption
Crypto has boundaries. All its features (privacy, decentralization) come from its core value - permissionlessness, which is not available to most people on the planet. We think there are no new users now because the market is about to reach its actual TAM extreme.
The existing market has never been a problem, but high-frequency users are. The essence of Crypto growth is the process of cultivating high-frequency and large users. What Crypto/Web3 needs to make clear is "let them make money" and admit "merchants" from all over the world to come here and try to make money, provided that they learn the rules of Crypto. The way they make money is to play games involving money flows (trading, staking, lending, etc.), and everything revolves around this logic.
Web3 Mini Programs? MetaMask Snaps Explained
The number of available Snaps listed on the official website is actually not very large. As of June 2024, there are only 68 at most. Due to understandable security considerations, a basic Snap can't do much. Most of its functions require corresponding permissions first, so Snaps need to apply for relevant permissions from users when installing. Available permissions include lifecycle, transaction, signature, CRON, etc. Compared with the prosperous Web3 ecosystem, the number of available Snaps is pitifully small.
According to the classification on the MetaMask official website, it can be roughly divided into 4 types: account management, interoperability, notifications and chat, and security.
For most of MetaMask's current users, Snaps is not really a necessary feature, and MetaMask may need to do more work on how to promote it more effectively. But no matter what, it is at least a product built by a group of passionate developers who want to solve real problems, rather than a scam launched by a group of financial experts.
Hot Topics of the Week
In the past week, the US and German governments transferred Bitcoin; Mt.Gox has officially started to compensate some creditors in the form of BTC and BCH; Japanese creditors: have received compensation from Mt.Gox, and the number of tokens paid is 13% of the positions held that year; the market plummeted; Bloomberg: Mt.Gox, the government, and miners’ selling pressure caused Bitcoin to fall, and the Fed’s potential policy shift will reverse market sentiment;
In addition, in terms of policy and macro markets, the SEC sued Consensys, accusing MetaMask of engaging in securities offerings and sales and acting as an unregistered broker; a U.S. judge dismissed the SEC's allegations against Binance BNB secondary sales and Simple Earn, and approved other charges to proceed; the SEC has returned the S-1 form to the ETH spot ETF issuer and required it to be revised and resubmitted before July 8;
In terms of opinions and voices, Glassnode: Volatility continues to be compressed historically, and there may be greater fluctuations in the future; Matrixport Investment Research: Summer consolidation plus "market shipment", it is recommended to hold BTC options and wait for the US election to be realized; Arthur Hayes: Looking back at the laws of the century-old economic cycle, Bitcoin is about to enter a macro turning point; Galaxy Research Director: Mt. Gox's repayment will not have much impact on Bitcoin prices; Andrew Kang: We may see Bitcoin's extreme correction to the $40,000 range; German lawmakers called on the government to stop selling Bitcoin, saying that this move may affect the stability of the crypto market; Casey: Runes and inscriptions will be programmable like Bitcoin; Vitalik Buterin: Crypto regulation has caused "anarchy and tyranny", and honest crypto developers have been forced into a desperate situation; Vitalik published an article to explore ways to provide Ethereum users with faster transaction confirmation times, and hand-picked routes Epoch and slot; Vitalik: Predicting the market and Community Notes are becoming two flagship social cognitive technologies today; Justin Sun: This year's goal is to achieve $1 billion in protocol revenue for TRON; Starknet founder: About 400 million STRKs are reserved for future airdrop rounds; friend.tech: Having heard community feedback, FRIEND will not migrate out of Base; STIX founder: The reasonable off-market valuation of ENA in the locked-up state is 70% off;
In terms of institutions, large companies and leading projects, the high expenditure in the Polkadot Treasury operation report for the first half of 2024 has caused controversy (Polkado official response); Telegram introduced the function of channel owners to publish paid photos and videos, which users can purchase with Stars; Blast launched a governance system and initiated the first proposal to "enable points for BLAST holders"; Blast announced the points distribution details for the second phase of airdrops, and will distribute 10 billion BLAST; Lido launched the community staking module test network; Notcoin plans to launch a trading robot function to support the buying and selling of tokens on Telegram; Ava Labs launched the Avalanche inter-chain token transfer ICTT solution; ZKsync launched Elastic Chain; marginfi will launch mrgnswap, allowing users to leverage long/short any Meme token; Aevo announced the launch of the automatic trading Vault "Aevo Strategies"; WEL L3's unsmooth opening caused controversy;
From a data perspective, Vitalik Buterin’s net worth is estimated to be at least $830 million... Well, it’s been another week of ups and downs.
Attached is a portal to the “Weekly Editor’s Picks” series.
Reunion in the second half~
