Author：Jaden, LD Capital

The emergence of FERC has led to the appearance of a series of tokens based on the concept of fair launch.

The $FERC token was minted for free on June 1 and quickly attracted community attention, reaching a market value of $15 million at its peak. If the minting gas fee is considered as the cost, about 5U per slip (1000 coins), FERC has increased by about 300 times. Its emergence has spurred the appearance of a series of tokens centered around the concept of fair launc

Author：Yilan，LD Capital

Introduction

With the expiry of Uniswap V3’s license, numerous fork projects from Concentrated Liquidity Automated Market Makers (CLMMs) have started to emerge. These ‘Uni v3-Fi’ projects include Dexes (either pure forks of V3 or strategies that customize pricing ranges based on V3), yield enhancement protocols (such as Gammaswap), and various options and other protocols aimed at addressing the issue of impermanent loss in V3. This article primarily discusses Dexes like

Author: Duo Duo, LD Capital Research

Currently, the competition is fierce in the DEX derivatives sector. Despite the overall market trading volume declining, new protocols are constantly being introduced. In a shrinking market, traders have become more sensitive to various incentive measures and yield rates, prompting DEX derivatives to compete more aggressively for users.

Since late March in 2023, the overall trading volume of DEX derivatives has been on a downward trend. Out of the six main

【Summary】

LSD: The growth rate of Ethereum staking on the Beacon Chain increased last week, with a 2.05% growth compared to the previous week. The staking rate has reached 17.92%. LSDFi projects showed mixed performance, with LBR, ZERO, and TENET performing well, while AGI and USH underperformed expectations.

Ethereum L2: The total value locked (TVL) in Ethereum Layer 2 solutions increased by 5% in the past week, reaching a total of $9.05 billion. Among them, zksync had a strong TVL growth in

【Summary】:

Market Summary: The debt ceiling crisis continued to plague the market at the beginning of the week; however, significant progress was made in the latter half of the week. Nvidia’s better-than-expected earnings report sparked a chase for core technologies such as AI and chips, leading to a surge in the US stock market. Meanwhile, defensive assets declined as funds focused on the technology sector.

Economic Indicators: PMI data showed a divergence in the economy in May, with the serv



zkSync, an Ethereum Layer 2 scaling solution based on ZK Rollups, launched its mainnet, Fair Onboarding Alpha, on February 16, 2023. During this phase, only registered projects were allowed to test the network, and it was not open to end users. On March 24, 2023, zkSync Era, previously known as zkSync 2.0, was opened to the public, while zkSync 1.0 was renamed zkSync Lite.

Now, let’s explore the development of the zkSync ecosystem after two months since its launch.

1.TVL (Total Value Locked

[Summary]

Stablecoins: The total market capitalization of the stablecoin sector continued to shrink, declining from $137.5 billion at the beginning of 2023 to $129.9 billion. Within the sector, the market capitalization of USDC has been consistently decreasing, falling below $30 billion and returning to September 2021 levels. On the other hand, USDT’s market share has continued to grow, reaching a market dominance of 63.85%. The introduction of crvUSD stablecoin had moderate interest, with coll

In the first half of last week, there was significant uncertainty in the market regarding debt negotiations. However, in the latter half of the week, concerns eased as McCarthy repeatedly confirmed the potential for bipartisan agreement over the weekend. Risk appetite increased significantly, with equity assets experiencing initial suppression followed by a rebound, while gold and cryptocurrencies saw an initial rise followed by a decline.

In the stock market, particularly the large-cap technol

Author: Jaden Fan、Jinze Jiang、LD Capital Research

Summary:

Miners’ sustainable earnings issue has emerged, and the Bitcoin community is facing a potential computing power crisis. The development of the Bitcoin smart network ecosystem can effectively enhance network usage and solve the problem of miners’ sustainable income. However, network congestion severely hampers the development of the Bitcoin network ecosystem, highlighting the importance of Layer 2 (L2) solutions. Among these, Stacks is

Author：Yuuki Yang、LD Capital Research

Introduction:

The NFT market in 2023 can be divided by the launch of Blur on February 14th. Before February 14th, the prices of NFT projects, trading platforms, and lending products were continuously rising. However, after the launch of Blur, the entire NFT market quickly turned bearish, with the NFT floor price continuously declining. The prices of trading platform tokens Looks and X2Y2 have dropped by 80% compared to their peak in February. Lending proto

Author: Yilan Liu, Jinze Jiang, Drake Zhang, LD Capital Research

Introduction

In recent years, the traditional financial market has witnessed rapid growth in index-based products, such as ETFs, with Smart Beta ETFs exhibiting a higher inflow rate than regular index ETFs. The asset management industry has gradually shifted its focus from conventional index products to more innovative index product series, including ESG ETFs, actively managed ETFs, and thematic ETFs. Among them, active ETFs in t

Guide:

Due to the imminent Shanghai upgrade, we believe it is necessary to reassess the future development of the LSD track and its impact on the entire on-chain ecosystem in light of recent data changes. This article overviews the LSD track in four parts: the overall growth space of the industry after the Shanghai upgrade, the selection of 4 types of staking solutions and different LSD protocols, the positioning of the DVT track, and the impact of LSD assets on other on-chain ecosystems.

Summ

Author: Jinze Jiang, Drake Zhang, LD Capital Research

Introduction

Grayscale Ethereum Trust (ETHE) is the largest publicly traded Ethereum product on the US stock market, with a holding of over 3 million ETH. However, its current secondary market trading price compared to the net asset value (NAV) is at a nearly 50% discount. In our previous report, we analyzed the reasons for the discount and premium of this product, as well as several scenarios in which the discount might narrow. Based on th

Abstract

In 2023, the cryptocurrency market rebounded sharply from last year’s deep bear market. Many individuals may have missed the opportunity to invest. At this time, the Grayscale Trust shares, which still have a discount of about 50% compared to its net asset value (NAV), are particularly attractive.

Based on the position of Ethereum as a core Web3 infrastructure, we are bullish on Ethereum Trust (ETHE), a Grayscale Trust product, rebounding in performance in the potential bull market.

This article will explore the performance of lending, trading protocols, and decentralized stablecoin systems that were most affected by the USDC de-peg crisis, as well as potential trading opportunities.

Overview of the USDC De-Peg Crisis

USDC is a centralized stablecoin pegged to the US dollar and issued by Circle and Coinbase. When Silicon Valley Bank (SVB) filed for bankruptcy on March 11, 2023, Circle’s partial cash reserves were frozen at the bank, lowering market confidence in USDC and

Summary

MakerDAO, one of the most long-standing and successful crypto projects in decentralized governance, development, and operations, has entered the “Endgame Plan” phase. It aims to reduce Maker’s operating costs and isolate risks by establishing several SubDAOs, stripping new features and products based on the Maker system, and to self-govern, self-profit, and loss, including potential new coin offerings. This move is expected to make Maker into an ecosystem similar to that of Layer 1s, al