Hook - The competition in the Layer2 space is heating up! 💥 Let's take a closer look at Arbitrum, OP, and Base to see who's leading the pack. And more importantly, how can you profit from it? 🚀👇

According to @DefiLlama data, when it comes to on-chain TVL, Arbitrum is currently in the lead with a staggering $1.917 billion TVL. That's impressive! But keep an eye on Base, as its TVL has rapidly grown to $119.05 million, almost 1/7th of OP's TVL. 📈💪

Daily Active Addresses

Base's Daily Acti

TL;DR

The Arbitrum project is backed by a strong academic team with a deep understanding of blockchain technology’s theoretical and practical aspects. This knowledge and experience uniquely position them to address the scalability challenges faced by Ethereum and other blockchain platforms.

The Arbitrum ecosystem is rapidly developing, particularly in the areas of DeFi, DEX, and GameFi. Notable projects include Camelot, Pendle Finance, Radiant Finance, and GMX in the DeFi and DEX space, and Tr

BTX Capital, a leading cryptocurrency trading firm, has announced its participation in the EDCON 2023 Community Ethereum Development Conference, to take place from May 19 to 23 in Podgorica, the capital of Montenegro. The event will bring together Ethereum community leaders and research experts from around the world to explore development trends and challenges in various fields such as blockchain regulation, Layer 3, decentralized society, decentralized governance, network states, among others.

Key Insights



Approximately 562K+ validators staked over 18M ETH in the Beacon chain.

Liquid Staking is the largest player in the market, accounting for over 6M staked ETH and 33.3% of the market.

We have considered the scenario of maximum selling pressure and conducted calculations on the potential sell-off. Our results indicate that the maximum selling pressure could reach 284,400 ETH, which represents 5.27% of the 24-hour trading volume for ETH. However, when considering factors such as

We have introduced a monitoring system that can help operation teams more efficiently track the performance of the system. Currently in internal testing.

This system provides precise time services to clients by setting up a local NTP server, ensuring the timeliness of monitoring data. In addition, we also offer the ability to configure NTP services in bulk, allowing customers to quickly set up a large number of machines, eliminating the tedious manual configuration process.

The system also int

@CurveFinance, the DEX protocol known for its stableswap and multi-asset pool design, recently announced its stablecoin design.

The 2 most important pillars of its design are LLAMMA and PegKeeper.

LLAMMA stands for Lending-Liquidating AMM Algorithm. It is an automated liquidation/deliquidation procedure, using the features of @Uniswap v3.

Compared to other lending protocols such as @AaveAave, the liquidation procedure is automated. The AMM converts the collateral to Curve’s stablecoin (let us

@binance recently announced @HookedProtocol ($HOOK) token sale on its launchpad.

Hooked Protocol claims to be “the on-ramp layer for massive Web3 adoption to form the ecosystem of future community-owned economies”.

Its first app, Wild Cash, allegedly has achieved 50K DAU and 3M MAU, on top of the Google Play leaderboard in Indonesia.

But compared to the previous X2E project @Stepnofficial, everything seems rushed to be shipped, with a lot of information undisclosed and unclear.

Hooked Protoc

Bitcoin miners are in a world of trouble now, especially the leveraged ones.

Recent FTX and Alameda fallout brought the entire crypto market down. Bitcoin price has dropped by ~20% from $20K.

Leveraged miners collateralize their mining machines to secure debt financing, which is fine in the bull market. However, as the price dumped and the profit margin squeezed, those miners accumulate debts, struggle to afford interest rates, and may eventually face defaults and liquidations.

Bitcoin miner

How could the volatility of crypto assets, specifically asset-backed stablecoins spillover to the traditional financial system?

Recent study shows:

Tether becomes a stronger volatility transmitter against money market instruments when it shifts from small to large reserve adjustment, with the net volatility spillover rising noticeably from positive 4.6% to positive 19.7%.

Large reserve adjustment by Tether could change Bitcoin from a net volatility receiver to a net transmitter against money

Initial Circulating Supply = 175,229,156 $HFT

Market Maker Loans = 75,000,000 $HFT

Vendors and Early Service Providers = 12,096,000 $HFT

Community Rewards = 175,229,156 - 75,000,000 - 12,096,000 = 88,133,156 $HFT

To calculate selling pressure, let us assume some price levels related to the final private round price $0.4, and percentages of Initial Circulating Supply subtracted by Market Maker Loans which is 100,229,156 $HFT.

Market Makers according to Etherscan:

Binance + Wintermute + Jump