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?

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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.

Over 65% of $SOL is currently being staked.

Out of a circulating supply of 462M, 379M is staked across different staking providers, validators, and delegates.

Source: https://www.stakingrewards.com/

Binance listings coming in clutch: 32.35x to a $150M market cap (currently holding floor at $130M) - impressive.

Even Pareto would be amazed at this distribution. The #1 spot of the known investments closing last week has a surreal gap.