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.

Feels like yesterday we were celebrating getting to 200. Pleasure to have everyone here.

As $BTC grows higher, the ETF holdings start to get sold. Arguably, we're in a distribution phase.

🤝 Great to be working with CoNET Network 🤝

CONET establishes a physical virtual network infrastructure on the Internet based on the Layer Minus communication protocol.

Upon entering the network, users replace their Internet IP addresses with encrypted wallet addresses as identifiers, achieving anonymous and secure data communication.

Whether it's:
🔹 regular Internet data communication,
🔸 blockchain communication,
🔹 IoT (Internet of Things)...

CONET can serve as the underlying infrastructure to the entire internet, providing privacy, anonymity, and secure data communication.

🚀 Why we're bullish
CONET is constructing a Decentralized CONET Private Network (DCPN), turning centralized servers into decentralized ones. Due to the absence of centralized servers, user data is never recorded, leaked, or susceptible to hacking during DCPN transmissions.

We look forward to seeing what's next 👏

The market is still moving, most notably these guys.

Project Spotlight: Bitwave

Digital asset finance platform for enterprise. Features include tax & inventory, accounting, DeFi monitoring, NFT tracking, Payments, and Reporting + APIs.

This year, Fantom's wallets growth has slowed down compared to the growth during the bear market.

Is this more indicative of Fantom's own tech/GTM, or is it a sign that the industry isn't very mature and most wallets go for meme coins on Solana and Base?

Exploring memecoin domination

🔹 Top 3 cryptocurrencies - $BTC, $ETH, and $USDT - have an average of $9-13Bn daily inflow volume.

🔸 Top 3 memecoins - $SHIB, $WIF, $PEPE - have an average of 2x - $20Bn.

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

The number of new coins is surreal.

This chart excludes Solana which has over 1 million new launches via Pump.fun alone.

Imagine a coffee shop with free WiFi.

You have two types of people inside:
1. those who come to buy the coffee, and
2. those who just come to sit inside for the free WiFi.

From the outside, it looks like the coffee shop is busy and thus high quality, so it attracts more people to come and try the coffee. Even people who come just for free WiFi indirectly increase revenues.

Additionally, advertisers may start to pay the coffee shop to put up ads given the great foot traffic.

However, the issue starts to build under the hood as the coffee shop reinvests its revenue into improving the WiFi, instead of improving the coffee, service, and food...

the number of people who come and stay for WiFi keeps growing, but the number of people who come for coffee doesn’t (they try it, and leave).

Then one day, a new coffee shop opens with better WiFi.

> Every single person who was there for WiFi leaves.
> The advertisers also leave.
> Whatever advertisers there are left just make the experience worse for coffee buyers, so the buyers leave.

And now, what seemed to be a great business, hopefully has just enough revenue to survive.

⛔️ Welcome to the world of projects that focus on token holders instead of users 🫵

Full article: https://thoughts.simplicitygroup.xyz/p/token-holders-are-not-users

A popular name in the conversation of top L1s, Avalanche is struggling to secure over 100k active addresses.

Is it because it's not faking its numbers, or because most people aggregated towards Solana and Base for memecoins?

We're at a support zone 😂😂😂

One of our clients wanted to use a "mining" mechanism to supply tokens to the market, whereby users would "mine" the tokens by simply using the product.

If you want to do something similar, keep this in mind:

Without $BTC miners, the infrastructure would fail, hence, they're incredibly valuable, and are rewarded with a lot of money.

Will your infrastructure fail if you don't have your "miners"?

If not, then be careful with how much you reward them, and consider rewarding specific activities instead.

The crypto market has a lot of money in yield farming. Lido Finance alone has $32Bn locked up.

We borrow, restake, borrow more, restake... But all that APY has to come from somewhere, and it does - from the future.

But if real value doesn't get created to back up all that yield, we're no better than TradFi just before 2008.

Full article: https://thoughts.simplicitygroup.xyz/p/the-4d-defi-paradigm

We modelled multiple airdrop scenarios (with different vesting) to see what would happen to our client's token price, ceteris paribus.

It was concluded that unlocking their entire airdrop on TGE was best for mid-term price performance, based on:

- users @ launch
- airdrop allocation
- tokenomics
- launch strategy
- CEXs & DEXs

Whilst cliffs and shorter vesting allowed for higher pumps on launch, it made it harder to uphold price for the following months, given the starting conditions.

What is the purpose of tokens?

Token utilities are the practical applications of the token's purposes. At Simplicity, we've identified three - decentralisation, control, and data transfer.

1. Decentralization
In systems of pure distributed governance, you need a mechanism to keep everyone aligned - a la a carrot and a stick. Moreover, you need some way to transfer value between participants in a transparent way. Launch a token.

2. Sovereignty
In more centralised systems, you face counterparty risk of using someone else's medium of exchange. Don't be like the €; set your own policies in your own country. Launch a token.

3. Data Transfer
Cut costs, increase liquidity, and add security to your data transferring by putting it on-chain. Launch a token (potentially a non-fungible one).

Full article: https://thoughts.simplicitygroup.xyz/p/token-utilities