Messari reviews descriptions of DeFi, public channels and L2 in 2021.

Last week the market warning hit 25 and market sentiment was alarming. Read on to read the “Messari Annual Report” in this weekly report.

Contents

When a business fails, you must first get back to your heart.

Capable of running: NFT infrastructure, CAD related construction, cross chain bridges.

The birth of cryptocurrency IPOs and ETFs is increasingly important in attracting organizations and strengthening cryptocurrency culture.

The NFT industry is booming today, but this early migration from physical to digital art could end as the Bitcoin “bubble” of 2013. 10 years ago. The onset of body temperature hits.

During the cow market, the best GameFi platforms raised a lot of money, and they were all set for the entire cycle and development, even if interest wanes in the coming year or not.

Encrypted Domain Name Services are killer applications (such as ENS) for managing Web3 privacy.

The distribution is the most powerful of the Web3 content frameworks.

01 Changes in stable design and new technology

This yearUSDTAlthough the stable market share has increased from 80% to 50%, Tether's basic structure for cryptocurrency exchanges remains the same.

Terre theIs it thatThe momentum for UST, the fastest growing profit stable in 2021, has accelerated and its current position is to make a difference.

fromIt is also the most integrated decentralized stable currency in the industry and the preferred decentralized stable currency in the Ethereum DeFi ecosystem.

The cost management protocol (PCV) is determined by:payment protocolFirst, in a narrow sense it means that the liquidity pool is governed by contracts rather than LPs which can be clawed back at any time, and in a broader sense it means that DAOs have books of the same size. . Class.

Olympus DAOAs a matter of course for the project to float stably, it raised $ 700 million in assets from the Treasury in the first eight months of its launch, and its market value reached $ 3.5 billion. Unsecured commodity is similar to legal new commodity that is backed by a basket of assets, and no change in promised value.

world coinsThe goal is to drop a new global currency, by grouping a billion retina scans into a unique and authentic identity, giving them a fair digital currency.

02 See DEX Innovation or Uniswap

Uniswap V3Manufacturers can place restricted orders and specify custom prices. These new features will appeal to more business owners.

03 L2 supports continuous engagement

The strongest growth in DEX decentralized derivatives this year has been the blessing of L2.

Perpetual contracts:Persistent protocolIt was developed by Ethereum sidechain xDai and released version v2 by Optimism.dYdX uThe L2 version of dYdX, based on the ZK-STARK technology output solution, was released earlier this year.

04 DeFi 1.0 to DeFi 2.0

The key word for DeFi 1.0 is farm income for which SQs play an important role, but SQ income comes and goes fast (e.g. grassland), which does not bring any improvement. DeFi 2.0 addresses this problem in several ways.

Olympus DAOCreate a "contract" that sells OHM tokens (stablecoins) at a reduced price in exchange for Olympus LP shares.

Fei OndoThis partnership opens the door for projects that use fixed FEI funds to match multiple personal items (project tokens) in exchange for water over time.

kevDAO Treasury, which has developed a trading portfolio directly linked to DAO Treasury, regularly borrows tokens for DEX in exchange for TOKE.

Critics point out that DeFi 2.0 will present similar risks to low-cost loans and devices, and highlight the obvious "trash" and "trash" risks and issues.

05 DeFi multi-channel layout

Today DeFi offers Ethereum the second tier networks such as Optimism, Arbitrum, StarkWare and ZKSync, Ethereum competitors such as Solana, Avalanche, etc., Cosmos has also completed the communication through IBC, and there is has a parachaine race in Polkadot. has already started.

Wide choice of DeFi protocol:

Extended spreads such as Sushi were delivered on 14 platforms.

Set your goals and become a TVL leader on new platforms like Curve and Aave.

The development of a member such as the compound chain, which is the exclusive chain of the compound as a sub-state, requires some professional and financial support, but can be cost effective.

06 Tokenized funds and indices

It's hard to believe this is an ETF with a history of less than 30 years, but it already accounts for 20% of global financial governance.

Therefore, we are optimistic for the following decentralized index funds:joint d'indexOther functions can easily create custom token indexes.

07 Boom CeDeFi

The change in CeDeFi leads people to believe that if CeFi is legitimate and liquid enough, it will access the DeFi site.

On October 1, Societe Generale-Forge (SocGen), a consortium of Societe Generale (SG), submitted a plan to DeFi under the MakerDAO protocol to raise 20 million Dai, guaranteed by a new OFH contract.

Another example of CeDeFi: EY plans to build a Polygon chain under license. R3 plans to launch DeFi tokens on Ethereum. Visa plans to establish a stable “layer 2” coin network to connect to public blockchains and banks in the medium term in the near future.

08 Ethereum development and major challenges for public channels

ethereumThe cost of DeFi lockdown has already exceeded the market value of most EIP-1559 banks burning millions of dollars, the interconnected Layer 2 has been adopted, and Ethereum PoS integration is in the final stages, which can provide higher ETH rewards. retain and attract new customers. (Obtained from the Bankless Ethereum Q3 report)

SolanaThe token has more than grown 100 times this year, and its rapid growth has made Ethereum its first serious competitor. The Solana browser Phantom wallet recently reached 1 million users and has seen great benefits in crypto games and NFTs. Considering that the Solana network has been down for 17 hours, less than two years ago, this can be considered a serious illness.

polka surSuccess is slow but constant.

CosmosInter-Blockchain Communication Protocol (IBC) does what Polkadot and Ethereum don't.

If Ethereum is a mainframe, Cosmos is the process by which independent servers are connected. —— Charlie Noyes from Paradigm

fromThe app ecosystem has grown explosively this year. The materials are beautiful.

Collaboration with the South Korean payment application Chai to introduce the ecosystem to 2.3 million users.

The stable UST supply is $ 7.2 billion, close to the DAI supply.

The Mirror TVL synthetic asset contract is $ 1.5 billion, slightly lower than Synthetix's.

The value of the LUNA lock from the permanent anchor contract reached US $ 4 billion, which is close to the value of the ETH closure by Lido.

One of the risks is from the UST's point of view. Fortunately, the change to the Columbus-5 protocol removes some of the impact by expanding the ecosystem to other chains and connecting UST to the crypto industry.

09l2 experience

polygonThis year's uptrend is very eye-catching. Its main products are EVM-enabled Polygon PoS chains and PoS bridges, secured by the MATIC team at Ethereum.

cumulative optimistsAlthough this technology has the advantage of being compatible with EVM, it has the disadvantage that it takes a long time to convert the device to L1.

Over the next 12 months, we will see over 80% of the EVM market share from L1 to L2.

Vitalik in the long termCumul ZKHe can take over most of the Ethereum markets and even destroy L1 competitors.

Chinese translation by W3.Hitchhiker

https://www.panewslab.com/zh/articledetails/1638709981115277.html

number 1

business information

# String data

According to Glassnode data, as of December 13, the number of addresses holding 1,000 ETH or more had reached a monthly high of 6,351.

# business thinking

On December 14 the false alarm was 21, and on the 7th the false alarm was 25 (panic).

#流性 #finances

As expected, the SEC will announce the results of its assessment of BTC grayscale confidence in BTC spot ETFs on January 2, 2022.

CME Group (CME) announced the launch of micro-Ethereum in the future, the major contract is 1/10 of Ethereum.

Valor will announce the Metaverse and Game Index ETPs in Europe. The ETP includes measures of the top 5 digital assets related to the Metaverse, including virtual world platforms like Decentraland and Play-to-Earn games like Axie Infinity.

MicroStrategy announced that it bought 1,434 BTC for $ 82.4 million.

#NFT Industrie

On December 7, artist NFT Pak's Merge NFT project sold for $ 92 million at Nifty Gateway.

According to data from the SuperRare platform, the NFT artwork "Right Click and Save As" created by crypto artist XCOPY has sold for 1,600 ETH (approximately $ 7.01 million).

Boring Ape BAYC # 9452 traded for 347 WETH and was valued at around $ 1.42 million making it the ninth in the series of US dollar trades.

Panksy.eth sells Sequoia Capital NFT 2005 YouTube Seed Memo for 200 ETH.

#gamepie

According to data from TokenTerminal, contract revenue for Axie Infinity on December 12 was $ 1.38 million, down 92% from its full-time high of $ 17.55 million.

n°2

Encrypted project dynamics

#Ethereum #L2

On the morning of December 10, at an altitude of 13,773,000, the Ethereum network completed the upgrade of the "First Glacier". The Arrow Glacier network upgrade, similar to the Muir Glacier, contains warnings regarding age / bomb age changes and runs through June of next year.

The idea of ​​integrating the Ethereum xDai scaling solution with Gnosis has passed and the STAKE token will be replaced by the GNO token.

#Crosschain platform

Parallel won 10.75 million DOT by winning Polkadot in the 4th round.

Cosmos Blog: Eight months after its release to date, 25 public channels have been linked to the IBC protocol, and the total commercial value of ecosystem tokens (ATOM, OSMO, LUNA, CRO, SCRT, etc.) stands at more than $ 60 billion. In total, 5.8 million transactions took place. IBC Market. In 2022, the IBC deal also plans to link networks such as Bitcoin, Ethereum, Polkadot, Avalanche, Harmony and Celo across the chain, in addition to the massive blockchain release.

#defi

The IDO copper platform raised a total of $ 185 million for part of the project in November. * Copper is under equity contract and pays 2% of the proceeds, which is divided equally with the equivalent value.

#CeFi DeFi

The Coinbase wallet browser plugin already supports DEX trading.

Kickstarter, a well-known financial services platform, plans to announce the distribution of its capital on the Celo network. Improvements to the open process of the new platform will begin in the first quarter of 2022 and will be completed by the end of the year.

#nftmarket

Nifty Gateway will announce partial control of Ethereum NFT industry to reduce fuel costs by up to 70%.

Dapper Labs plans to announce the NFT The Warehouse platform with NFT Start Genies.

The Twitch co-founders launch the industry game NFT Fractal by Solana.

On December 10, UMG (Universal Music Group) announced a partnership with tech company avatar Genies.

* In May 2021, Genies completed a $ 65 million Series B financing, with Bond Capital leading the investment and Dapper Labs joining the company.

* Geniz's ultimate goal is to build a mature business where fans can buy and sell NFT products that can be worn across multiple meta-worlds.

NFT Business Mintable has released its NFT Layer2 solution for Immutable X. Current users can use Immutable X for unlimited business access at no cost.

#sports

Bored Ape Yacht Club announced its partnership with Animoca Brands to develop NFT games.

#Infrastructure Web3

The number of ENS records exceeds 500,000 and contains ENS records of more than 200,000 independent addresses.

name 3

CeFi / Large companies / Financial services

#finance #internet #goods or services

Fidelity offers Bitcoin loans through NEXO

Payments company Strike has announced the US Dollar Average Cost (DCA) method. With the exception of users in Hawaii and New York, US users can order Bitcoin for as little as $ 0.50 without paying. One hour stable investment process.

WhatsApp has helped some US users to use Novi for reliable USDP currency conversion.

The Meta VR Horizon Worlds social platform is now available to over 18 users in the United States and Canada.

# NFT géant

Gaming giant Ubisoft has announced that Tezos will launch Ubisoft Quartz, an NFT-compatible gaming platform.

Pantone, the global color manager, recently announced that it will release the annual PANTONE 17-3938 Very Peri colors in 2022 by partnering with the Tezos blockchain in an NFT form.

UNICEF plans to publish 1,000 NFTs and start selling them in January of next year.

Baidu announced the release of the “Hirang” metaverse product on December 27, and at the same time, the Baidu AI Developer Conference will be available on the Hirang app.

Pepsi-Cola has announced its entry into the NFT and will announce the NFT's "Pepsi Mic Drop" series.

Hong Kong real estate developer Zheng Zhigang has announced that he will invest in a sandbox and create a virtual world there.

# Crypto #Centralization #Investment and financing or registration

Brazilian digital bank Nubank is valued at $ 45 billion and is listed on the New York Stock Exchange.

UK digital bank Monzo has finalized a $ 500 million funding round worth around $ 4.5 billion.

Blockchain analytics firm TRM Labs has hit a $ 60 million Series B financial environment led by Tiger Global. TRM Labs helps financial institutions and governments investigate crypto fraud, money laundering, and other financial frauds.

Paradigm, a crypto derivatives platform, has completed a $ 35 million funding round with $ 400 million in funding led by Jump Capital and Alameda Research.

Dapper Labs raised $ 13.5 million through the public offering. According to data from Crunchbase, Dapper has earned a total of $ 675 million in private equity since its launch in 2018.

OpenSea's chief financial officer (CFO) has clarified the IPO options. An IPO is not planned.

nrv 4

View | Media / KOL

Encrypted Hearing Republican Administration: Legislation needed for the Web3 revolution to happen in the United States.

US SEC Chairman: Several technologies in history have long gone beyond civil rights.

JP Morgan Chase changed the first Fed rate hike in history until June of next year.

Citi: The Fed expects to hike rates for the first time in June of next year.

Chris Dixon, a16z partner, wrote on Twitter about seven different types of NFT: art, music, rights access, toys, physical, personal and Web2 databases. Chris Dixon said: "2021 will see an explosion of new developments for NFTs. These standards will continue for many years to come as we are still in the early stages of Web3 development."

The developer of Galaxy Digital: ETH is a technology bet and BTC is an inflation bet.

Solana Co-Founder Anatoly Yakovenko: NFT is the ultimate in future media delivery, connecting users around the world and creating a sense of community without external involvement just like modern social media platforms. This is the start of a true social networking site, the only digital community that does not depend on advertising for its income, nor on Google or Facebook for its operations, and can earn / earn from its own content.

Ethereum Co-Founder Joe Rubin: High oil prices are a measure of success.

Bill Gates: In the next couple of years, I expect most virtual conferences to turn into meta-worlds.

The author of "Priest Money and the Inadequate Man": predicts the current fall in gold, silver, bitcoin and real estate and plans to buy the floor.

Bloomberg Analyst: Deflation Will Help Bitcoin To Hit $ 100,000 By 2022

"South China Morning Post": China seeks to establish a virtual real estate exchange.

Musk was named "Time Magazine Person of the Year for 2021" as the richest citizen in history.

Sequoia Capital has removed DAO-related content from their Twitter profile. On December 8, Sequoia Capital changed its Twitter profile to "Team Brave to create legendary DAOs, from ideas to symbolic airdrops."

n ° 5

Capital and funding of the crypto project

#infra

Polygon announces that it will acquire zero-know technology developer Mir for $ 400 million.

* Mir is the developer of zero-know technology, and the latest update developed this year can complete data recovery in just 170 milliseconds on laptop, which is now the fastest way to complete data recovery. data.

The conference is coming to an end with a budget of $ 100 million, and Asian organizations such as LD Capital and Signum Capital have pledged to join the investment.

* Assembly is a new blockchain-based IOTA network, while IOTA is an older public channel commonly used in small high-frequency transformation scenarios for the Internet of Things.

Crypto infrastructure firm Mysten Labs has raised $ 36 million in funding, with 16z as capital. The project partners with the public channel Celo, invested by a16z, to create a global payment platform.

Rights to cross-chain infrastructure routers have raised $ 4.1 million, led by Coinbase Ventures and others.

#defi

Business platform DeFi Slingshot completed the $ 15 million Series A financial environment with Ribbit as venture capital.

Solana Derivatives Agreement Zeta announced that it has raised $ 8.5 million with Jump Capital as CEO.

Voltz, the developer of unmanaged automation, has announced it has hit a $ 6 million financial environment led by Framework Ventures.

The JellyFi loan agreement closed the first round of financing of $ 4.4 million led by Lemniscap.

The DeFi Hawksight revenue platform completed a $ 4.2 million funding round led by Solana Ventures and Terraform Labs.

Uniswap V3 Liquidity Mining Contract Izumi has completed approximately $ 3.5 million in financing with the joint venture of Mirana Ventures and others.

Crypto Index DAO Index Cooperative has completed a financial round of $ 2.25 million, with Sequoia Capital India joining the investment.

#NFT

The NFT Palm studio has finalized a funding round of $ 27 million, with Microsoft M12 as the venture capital firm.

NFT venture Starly.io has raised more than $ 6 million in funding, led by Spartan Group.

Holaplex, the Solana-based NFT platform, has completed the bootstrap environment for a $ 6 million financial environment, with CoinFund as the investment leader.

NFT infrastructure startup Mnemonic receives $ 4 million in seed funding.

The NFT Artemis trading platform has raised $ 2 million in private funding led by Alameda Research and Animoca Brands.

Amazon, the e-commerce giant, recently invested in a market segmentation market called Dibbs. The platform is powered by the Wax blockchain, allowing users to exchange some of the rights and interests of card sport over time.

#sports

Sipher, the open-world social media game, has completed the public release and has raised $ 44 million.

Vietnamese Whydah Chain Game Application Platform, $ 25 Million Grant, Hashkey, etc.

P2E gaming platform Rainmaker Games has raised $ 6.5 million in seed funding.

The GameFi infrastructure and the L2Y.com trading platform completed the US $ 3.7 million seed environment, with investments including Fenbushi Capital and HashKey.

Chain game AcadArena finished a funding round of $ 3.5 million with a primary investment of 1kx.

#Game association

YGG SEA, a wholly-owned subsidiary of YGG, has raised $ 15 million to support the adoption of P2E games in Southeast Asia.

BAYZ, a Brazilian chain games organization, has won a $ 4 million funding round with Yield Guild Games.

#Infrastructure Web3

The Web3 Braintrust operating platform has finalized a $ 100 million funding round by selling tokens, with Coatue as venture capital.

Digital ID company Passbase has received $ 10 million in Series A funding led by Costanoa Ventures.

The start-up of the Burrata ID Card Bridge received $ 7.75 million in seed capital.

* Burrata aims to complement the KCY in all applications by announcing a "single digit number" linked to user wallets, thereby eliminating the need to re-identify or revoke personal information from user wallets.

Safle, more of a personal wallet, completed a $ 4 million financial roundabout led by MapleBlock and GSR.

# cryptocurrency research finance

Crypto investment firm 10T is raising $ 500 million for its third-party equity.

Gala Games and C² Ventures announced a $ 100 million on-chain game fund.

Venture capital firms like Sequoia Capital India are looking to invest between $ 50 million and $ 150 million to support Polygon.

Evan Fisher, a former Insight Ventures partner, plans to create a $ 30 million cryptocurrency.

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security

On December 10, Solana's blockchain network was heavily weighed down with a low TPS of 19 and a steady TPS of 2,500. Cyber ​​Capital founder and CIO Justin Bons announced that Solana was involved in DDoS attacks using the negative in SOL design.

On December 13, project chain game Vulcan Forged reported that 148 PYR wallets had been stolen and more than 4.5 million PYR had been stolen. At the date of the incident, the value of the PYR was US $ 24.37 and the total value of lost users exceeded the current value of US $ 110 million.

On December 12, the AscendEX exchange gold wallet was hit, with a total of more than $ 77 million in assets stolen from Ethereum, BSC and Polygon, according to statistics from PeckShield. AscendEX is currently working with partners around the world to combat the hacking industry.

* On November 3, AscendEX announced that it had completed a US $ 455 million Series B funding led by Polychain Capital and Hack VC for $ 50 million.

* AscendEX (top) was previously known as BitMax.

dYdX: A total of US $ 206,134.87 and 1.5 WETH were stolen in the case of the smart contract issue, which was fully refunded to recoup the loss of around US $ 2 million.

BadgerDAO said it was able to recover around $ 9 million of the $ 120 million stolen, and is working with the two companies and US and Canadian authorities to recover the funds.

* On December 2, the decentralized organization BadgerDAO was attacked by hackers, resulting in a loss of $ 120 million, including approximately 2,100 BTC and 151 ETH.