🟪 Polymarket enters the spotlight amid turbulent week in politics
Plus, TON has a ton of future plans, and Blur still reigns supreme
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Web3 Watch: Polymarket enters the spotlight amid turbulent week in politics
Plus, TON has a ton of future plans, and Blur still reigns supreme. Read More
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thirdweb, the full-stack web3 development platform, is hosting the Onchain Olympics! — A 30-day celebration of the EVM ecosystem.
Each day spotlights a new chain
Learn why devs choose to build on it
Exclusive NFT drop w/ perks for holders
thirdweb proudly supports 2000+ EVM chains. However, with thousands of options it's hard to know which chain to build on.
The Onchain Olympics is an opportunity for devs to learn about and test networks across the EVM ecosystem.
Top News
Web3 Watch: Polymarket enters the spotlight amid turbulent week in politics — Read
Ethereum client team throws down the gauntlet on EVM upgrade — Read
Gox Watch: $3B in bitcoin repayments down, $5.8B left to go — Read
Grayscale lowers planned fee for ETH fund, undercutting peers — Read
WazirX calls $235M hack ‘a force majeure event beyond our control’ — Read
The Stock Market & Crypto Are Turning
This week we discuss what is happening in crypto & traditional markets. With rate cut expectations building, are we on the verge of a massive small cap rotation? We then deep dive into the dispersion trade unwind, is crypto about to catch up to the momentum in traditional markets, the U.S. election impact & more.
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Download it on Chrome today.
$BTC now being rumored to be pushed forward as a national asset held as treasury reserve as a platform for many politicians
Whether they are successful or not in the first attempt, doesn’t matter because BTC now has an extremely visible asymmetric upside scenario
If… x.com/i/web/status/1…
— Andrew Kang (@Rewkang)
5:10 PM • Jul 19, 2024
Infrastructure take rates are going to 0 over time
A thread on MEV capture, infra costs, & composability in different sequencing designs and why one big roll-up is an underexplored solution
🧵
— taetaehoho (@0xtaetaehoho)
4:35 PM • Jul 19, 2024
onchain smart account summer on @base continues
— Jesse Pollak (jesse.xyz) 🛡️ (@jessepollak)
4:56 PM • Jul 20, 2024
recent research
Research
Kinetiq has established itself as Hyperliquid's dominant liquid staking protocol, holding 82.5% of LST market share with $610M in TVL. The protocol is now expanding beyond its kHYPE staking core into higher take-rate verticals: iHYPE for institutional custody rails, Launch for HIP-3 capital formation, and Markets for builder-deployed perpetuals. We view Markets, launching Jan. 12, as the highest-potential product line given its mechanically scalable, activity-linked unit economics. Near-term revenue remains anchored by kHYPE's KIP-2 fee schedule (~$1.6M annualized), while Markets provides embedded optionality if HIP-3 economics normalize post-Growth Mode. KNTQ's setup is relatively clean: zero insider unlocks until November 2026, 6.2% buyback yield from staking revenue, and cleared airdrop overhang. Risks center on unproven Markets execution, declining kHYPE TVL despite ongoing incentives, and competition from Hyperliquid's native initiatives.
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