Defi Reinnassaince? Data Bites, Hooks and Mode
The Castle Chronicle: Volume 82
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However, with Gitcoin, we need donations from the community to unlock the full potential of the $200k matching pool.
Check out our announcement thread to learn more about the grant, why Sei Network is so special, and how you can help us secure this opportunity. Every bit of support counts, so if you can, please donate and spread the word!
Thanks for being part of our journey — let’s make this happen together!
🔑 KEY NEWS
MAJOR HEADLINES
July CPI inflation rate falls to 2.9%, below expectations of 3.0%.
Core CPI inflation fell to 3.2%, in line with expectations of 3.2%.
Binance registers officially in India
Morgan Stanley discloses $187M BTC ETF holdings
Franklin Templeton files for Crypto Index ETF
Balajis introduces The Network School
SEC rejected Cboe’s 19b-4 filings for Solana ETFs
PROJECT UPDATES
Metamask launches Debit Card
Coinbase is launching cbBTC soon
Andre Cronje becomes Sonic Labs's CTO
Grass beta ends, announces snapshot & bonus epoch
Eigen Labs employee wallet drama
Aavegotchi introduces their new L3 Geist
Gamma Swap Labs announces TGE on Aug 30th
Babylon announces Mainnet Launch Phase 1
Drift Protocol introduces BET
ClearpoolFin develops Caldera-powered Layer 2 chain
Galxe launches alpha mainnet of Gravity Chain
INTERESTING PROJECTS
Infinit Labs: DeFi Abstraction Layer by Infinit Capital
CrunchLabs: Data analytics for institutions
SunDog: Biggest meme on Tron
Puffer Unifi: Protocol from Puffer Finance
Fabric Crypto: Custom chips for advanced cryptography
Courtesy of CJ - check out his telegram channel for daily news, project updates and new releases
⛓️ IS A DEFI RENAISSANCE BREWING?
In the last few weeks, we have witnessed different DeFi tokens performing quite well. For example, $AAVE, $CRV, or even $UNI.
Some big accounts on CT are now calling for a DeFi renaissance
But what should interest us the most now is what could truly power this renaissance and IMO, it will be the release of UNISWAP V4.
V4 will introduce the concept of « HOOKS » which will help developers tailor their decentralized pools at their will with different features that are currently impossible to add.
See some examples here: https://github.com/ora-io/awesome-uniswap-hooks
I encourage the readers to have a look at GitHub, but some of my favorite hooks are:
As Arthur_0x said, I truly think that we are slowly witnessing a DEFI renaissance. $AAVE has been leading the way in the last 2 weeks. But imo, the real awakening will materialize itself in a couple of weeks once UNI V4 is officially released & a new wave of DEFI innovation hits the market.
Courtesy of Cl - On-Chain Sleuth and Growth Specialist
🔍️ MARKET WATCH
WHAT’S TO COME THIS WEEK
DATA BITES
Since $AVAX launched, the project has unlocked $7.76 billion worth of tokens over time, with the last $219 million cliff unlock yesterday. Going forward, there are no more large cliff unlocks on $AVAX till 2029..
The token is down from a $32 billion ATH market cap to $9.40 billion now, with the token price down from an ATH of $145 to $22.
Courtesy of @MarketsAlpha - Telegram channel for sharing crypto market research and Intel Alpha
📈 HTF PRICE ACTION
Gm frens!
It’s yet another boring week with nothing to do. There are no major developments in price. I’m staying side-lined until major strength shows up that takes us above all these moving averages again.
Supply respected
Demand broken through
Bullish trend structure lost
Sellers in control
Imho, the best thing to do during times like these is simply ignore the market and do something else (or trade different markets).
Until then - Trade responsibly and I’ll see y’all next time!
Courtesy of Vlad - trend-based trader and MentFX student
OUR ECOSYSTEM ALIGNMENT
Arbitrum Delegates & DAO Service Providers
GMX Delegates
Sei Creator Grant Recipient
Make sure to open up next week for we should have 2 brand new feature sections to unveil…
That’s all for this week gang, please give us a follow on Twitter at @Castle__Cap 🙏
In our newsletter, we may discuss projects or tokens in which we hold positions. While we aim to provide informative content, our views are not financial advice. Please conduct your research and consult professionals before making investment decisions. Crypto markets are volatile, and past performance doesn't guarantee future results. Invest responsibly, and be aware of the risks. Your capital is at risk, and we do not accept liability for any losses.0
Originally published in the Castle Labs newsletter. Subscribe at research.castlelabs.io.