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Looking forward to what's to come 🥂🍾

Over the last 6 months, Solana has been dominating Ethereum despite its market cap being significantly smaller - $ETH's $462Bn to $SOL's $79Bn.

(In the 2 days since the graphic was made, SOL's MC grew from $74Bn to $79Bn)

Did PoS kill Ethereum?

The concentration of staking power on a central provider like Lido poses a serious threat to Ethereum’s security and decentralization.

Buterin’s opinion on liquid staking is very clear: while liquid staking has democratized access to staking, the associated centralization risks must be addressed to preserve Ethereum’s decentralization and security above all.

Vitalik also shares the concerns. He recognized that while innovations in the network provide significant benefits, many times they can also pose risks that need to be mitigated.

He proposes a balanced approach, such as enhancing the governance rights of smaller stakers and exploring protocol changes that distribute power more evenly across the network.

Full article: https://thoughts.simplicitygroup.xyz/p/eth

Highlighting a solid project, SuperSight, building crypto-specific Large Language Models (LLMs) to streamline the crypto data discovery process.

Are we back?

Last week the top 5 ROI was 2.3-2.9x, now it's 1.6-3.8x.

So, whilst this week the max is higher, the min is lower, which implies this week was much more skewed towards the top few projects.

The Sandbox raising $20M at a $1Bn val whilst having 124 UAW is incredible.

Some upcoming IDOs. Keep your eyes peeled ✅

According to The Block, Solana's average daily transactions is around 30M nowadays, and Ethereum's is about 1M.

The chart looks quite amusing.

More data

The market is diverse, relatively, but still pretty shabby overall, with the 5th best performing coin only growing by 25%.

The average ticket sizes for some of the most popular launchpads are key to know for any startups looking to raise.

Stop looking at the FDMC

FDMC is a derivative of price in a vacuum, whereas MC is a derivative of buy pressure.

Whilst the FDMC is useful for many things, inferring the current value behind a project is not one of them.

Full article: https://thoughts.simplicitygroup.xyz/p/mc-vs-fdmc

Investment announcement: Zoth

Great to participate in Zoth's private round, joining Borderless Capital, Blockchain Founders Fund, Gemhead Capital, and a plethora of other solid investors.

About Zoth: https://x.com/SimplicityWeb3/status/1801229866106269747

Silent Protocol promises to defeat the problem of state denial while solving the privacy trilemma. One to keep an eye on.

Seems the VCs are still moving slow; last week's raises have been pretty low, but at least we're still moving.

Seems like the industry is starting to shift. Top movers over the last week have only seen 1 meme...

Bitcoin $BTC is in the greedy range despite the price not completely breaking ATHs.

Are we due for a bigger retracement?

Bitcoin Ecosystem: Where It Went Wrong, and How DLC.Link Can Lead The Way

Bitcoin stands as the undisputed king of crypto, pioneering the movement and still dominating the industry. Thus, many seek to capture its value by enhancing network utility, yet current solutions fall short.

Enter DLC.Link: a promising alternative offering a non-custodial, decentralised approach to integrating Bitcoin into other ecosystems. This unlocks its full potential as both a store of value and a medium of exchange.

Explore more about the existing BTC ecosystem and DLC.Link's transformative impact below!

Seems like launches are slowly but surely on the come up.

The hype, despite the growth of $BTC price, is dying. This bull market is more like a bear market with a party hat on.