Recommended reading of the week | An incomplete list of crypto industry death projects in 2022; a16z's letter to regulators

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1. "Incomplete list of dead projects in the crypto industry in 2022: financing exceeded US$3.6 billion, mostly affected by the FTX and Terra incidents"
Recently, the crypto data website RootData released a project collection "List of Dead Projects in the Crypto Industry in 2022", which included 96 crypto projects that died this year. They all had specific products but stopped operating for various reasons. This list can reflect the development status of the crypto industry to a certain extent. 28 of these projects have received financing, with a total financing amount of US$3.605 billion. These bloody cases are worthy of deep thought in the industry. This article will take stock of these crypto projects that died in 2022.
 
2. MEV’s First Five Years: Past and Future
This article is a narrative history of MEV written by James Prestwich, founder and CTO of Nomad. He introduced MEV to the Ethereum narrative five years ago, and when he wrote this article about MEV five years later, it still felt a little unreal. We are once again at the beginning of a long bear market, deep in the collapse of the last round of speculative frenzy.
 
3. "Lyn Alden's year-end summary: A critical study of DeFi, is DeFi really the future?"
After the collapse of Luna, Celsius, Voyager, 3AC, and FTX/Alameda, many crypto analysts have said that DeFi is a potential solution. This article uses this view as a guide, acknowledging that there are certain opportunities in DeFi, but also taking a rather critical look at the current state of the industry as a whole. In addition, this article touches on other concepts in the cryptocurrency industry, including Web3, NFTs, tokenized securities, and the broader problem of creating cryptocurrencies that have no use other than to enrich their founders.
 
4. "2023 in the Eyes of Crypto OGs: DEX, Cross-Chain, Bitcoin Payment, Self-Hosted Wallets, etc."
NFTs will gain more utility and become a cornerstone of Web3. With much-anticipated blockchain games set to hit the shelves in 2023, we can see the next opportunity to attract a new generation of crypto users. As crypto investors turn to self-custody after the FTX crash, people will understand the true value of Bitcoin, not just hype and price speculation. With the FTX collapse leading to stricter regulation, Caroline Bowler of BTC Markets believes that crypto can go mainstream in the next 18 months. 2023 could be the year of decentralized exchanges and more advanced cross-chain applications.
 
5. "In-depth Web3 Data Field: The Landscape, Layers, and Future of User Data"
The Web3 data sector will be crucial to the new order and shows great potential for development. From an entrepreneur's perspective, the decentralized web is an open, permissionless, distributed database. When it comes to data, there are many scenarios that need to be served. If you choose one of them, you will most likely be able to develop and grow in the world of Web3. Today's article will discuss the Web3 data sector structure, typical players in the existing Web3 data space, and future development trends.
 
6. Valuation framework and market value forecast of 12 mainstream public chains: Which ones are overvalued or undervalued?
At any point in time, you can assume that the valuation of a blockchain platform is determined by three factors: adoption and usage, platform moat, and crypto market conditions. This article provides a rigorous analysis of the actual market value and model-predicted market value of 12 major public chains. The same framework can also be used to evaluate other blockchain projects.
 
7. "A letter from a16z to regulators: How should DeFi be properly regulated?"
This article is a comment letter written by a16z for the Financial Stability Board (FSB)'s "International Regulation of Crypto Asset Activities" theme event. It is mainly divided into three parts: the first discusses the difference between DeFi & CeFi, and how the appropriate DeFi regulatory framework should involve regulating Web3 applications rather than Web3 protocols (regulating businesses, not software); the second is a discussion of the importance of privacy; the third is a reminder not to formulate overly strict regulations, as these regulations may have the effect of prohibiting well-functioning and over-collateralized algorithmic stablecoins.
 
8. The Best of Chain in 2022: 6 Amazing Numbers
The on-chain activity in 2022 is far crazier than ever before, with a single liquidation of over $60 million and a single transfer of over $5.3 billion. Conor Grogan, head of strategy at Coinbase, counted the six "largest" on-chain events in 2022. For example, the hacking incident with the largest amount of money was the attack on Ronin Bridge on March 23, in which the attacker stole approximately $650 million.
 
9. "Valuation framework and market value forecast of 12 mainstream public chains: Which ones are overvalued or undervalued?"
At any point in time, you can assume that the valuation of a blockchain platform is determined by three factors: adoption and usage, platform moat, and crypto market conditions. This article provides a rigorous analysis of the actual market value and model-predicted market value of 12 major public chains. The same framework can also be used to evaluate other blockchain projects.
 
10. "DefiLlama 2022 DeFi Year-end Review: Innovation and Challenges Coexist"
In 2009, when Satoshi Nakamoto showed the world blockchain, cryptocurrency was the first use case. Bitcoin proved that blockchain can be used to prove true ownership of digital currency. More than a decade after Bitcoin was launched, DeFi is proving that blockchain has many other use cases. It has now grown into a multi-billion dollar global industry that impacts hundreds of thousands of consumers. This report aims to provide a comprehensive, data-driven view of DeFi for those who want to learn more about the industry.
 
11. "Web3.0 underlying language: What deficiencies does Move make up for in Solidity?"
Why is the Ethereum ecosystem based on Solidity so huge, and the market still has new expectations for new public chains? Move comes from a large company (Meta) and is generally favored by the industry. Some public chains developed based on Move language in the early stage have been favored by the market and sought after by capital. For more abundant applications of Web3, the evolution of the underlying language is the foundation. What are the advantages of Move and what shortcomings does it make up for in Solidity? Based on these characteristics, the Move ecosystem is likely to give birth to new models and new applications.