chandanCrypto Applications Product Market Fit Analysis
In Crypto, there are a lot of applications that haven’t found product-market fit. But there is also a handful of applications that have a product market fit and are growing stably Here I will just explain my thoughts on which applications have Product-Market-Fit. Storage of Value (an asset that maintains or increases its value rather than depreciating)Bitcoin is the dominant product-market fit for this, followed by ETH. However, BTC has questionable long-term sustainability properties. Thanks...
chandanHow to Protect Your Crypto Wallet 95% of the Time
Always keep your private key and seed phrase offline, such as by writing them down on paper and storing them in a secure location that only you have access to. Do not save them on any device or cloud storage, as these can potentially be hacked and your wallet compromised.To further increase security, you can consider leaving out a few words from your seed phrase when writing it down, and memorizing or securely storing these words separately. This way, even if someone gets hold of the paper wi...
chandanAre Layer 2s Superior to Alt-1 for Scaling Capabilities?
Traditional monolithic execution layers rely on 1000s of block producers and non-producing full nodes, requiring a majority of them to act honestly. In contrast, layer 2s only require a single honest "Sequencer" to guarantee network integrity. This asymmetric trade-off suggests that layer 2s will consistently deliver high throughput and significant performance advantages, even when the same hardware is employed by both layer 1 and layer 2. This is due to the inefficiencies of synchronization ...
Researching Layer 1/2s, DeFi, and modular ecosystems.
chandanCrypto Applications Product Market Fit Analysis
In Crypto, there are a lot of applications that haven’t found product-market fit. But there is also a handful of applications that have a product market fit and are growing stably Here I will just explain my thoughts on which applications have Product-Market-Fit. Storage of Value (an asset that maintains or increases its value rather than depreciating)Bitcoin is the dominant product-market fit for this, followed by ETH. However, BTC has questionable long-term sustainability properties. Thanks...
chandanHow to Protect Your Crypto Wallet 95% of the Time
Always keep your private key and seed phrase offline, such as by writing them down on paper and storing them in a secure location that only you have access to. Do not save them on any device or cloud storage, as these can potentially be hacked and your wallet compromised.To further increase security, you can consider leaving out a few words from your seed phrase when writing it down, and memorizing or securely storing these words separately. This way, even if someone gets hold of the paper wi...
chandanAre Layer 2s Superior to Alt-1 for Scaling Capabilities?
Traditional monolithic execution layers rely on 1000s of block producers and non-producing full nodes, requiring a majority of them to act honestly. In contrast, layer 2s only require a single honest "Sequencer" to guarantee network integrity. This asymmetric trade-off suggests that layer 2s will consistently deliver high throughput and significant performance advantages, even when the same hardware is employed by both layer 1 and layer 2. This is due to the inefficiencies of synchronization ...
Researching Layer 1/2s, DeFi, and modular ecosystems.
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AI x Crypto, EigenLayer, Avail, Stablecoins, Particle Network, Appchains, Arbitrum Nova, and more...
Lagrange Labs (a ZK Coprocessor that can be used for data computation by smart contracts on Ethereum Layer2s) is using AVSs from ether.fi. Ether.fi announced that it will stake 500M for Lagrange Labs AVSs security. Following this event, other LRTs announced that they will stake for Lagrange Labs. Currently, 1.5 billion has been staked. There are many ZK Coprocessors, but this will put Lagrange Labs in the lead as the most secure ZK Coprocessor.
My thoughts on giving smart contracts access to AI: It doesn't make sense for a smart contract to have access to an AI agent now. Blockchain is pro-finance, and we can't afford mistakes, but AI agents can make mistakes. Using AI on-chain is inefficient. However, this can be useful in generating on-chain art, which could be its first application.
Avail is building all the key modular layers like DA, SS, and Agglayer for Rollups.
AvailDA - Data layer, AvialFusion - security shared sequencer, AvailNexus - Agglayer
https://jacobrizzuto.mirror.xyz/ifZ8E6TEDM1iPOf-QA46nH8bu6Y5K9CT_t3j9juBwM4
Overcollateralized stablecoins are inefficient compared to 1:1-backed stablecoins. On-chain overcollateralized stablecoins that are backed by crypto are even more inefficient and insecure due to crypto volatility.
Particle Network: Chain & account abstraction, solving the fragmentation problem in web3.
Appchains, wallets, Aggregation layer S3 Finale: Does The AppChain Thesis Hold up?
https://research.despread.io/reports-kr-arbitrum/?ref=test-newsletter
Arbitrum Nova (for socials and gaming) has attracted cool games to build on it, on par with other gaming chains. Arbitrum Styles (to be launched this year) will lower gas fees by 10x and support other languages (Rust, C, and more...), giving Arbitrum an advantage.
https://balajis.com/p/all-it-takes-is-all-you-got
The US government owes more than it has, and the US dollar's value is decreasing. It has already decreased by 25% since 2020. This cannot be stopped. The dollar's value will decrease even more, and people will turn to Bitcoin and Gold, causing their prices to rise.
https://m.mirror.xyz/gyyuM1OocVmptHYvl4jR6G3fWYsOutCgu19RDGjzGqc
Tokens are extremely powerful coordination tools that can be used to bootstrap product usage, seize attention conduct self-marketing, and create composable ties between different products. Launching the token at the right time can save the product.
The article author says, "Contrary to popular belief, there is no room for a diverse pool of L2s. There is room for two, Arbitrum and Optimism. And the race is likely over. Several economic factors lead to duopolies, including high barriers to entry and limited resources, economies of scale, network effects, consumer loyalty, mergers and acquisitions, and government policies." This will play out in the coming years. If there is nothing special about layer 2, it will become a ghost layer 2. Those with clear benefits like ARB - DeFi layer2, Base - Coinbase Users, OP- Superchain, and Zora for artists will succeed.
Some half-baked ideas:
A crypto-friendly AI agent is built into the wallet to help users understand the transactions they are signing and answer their questions on protocols and yield opportunities.
Is EigenLayer's customer base node operators or protocols?
Reduce block time to decrease MEV.
All dollar-pegged Stablecoins will provide yield, and they will be backed by T-Bills.
Let’s connect at Chandan (@chandan1_) / X (twitter.com)
Collect my art at iamchandan.eth | My Profile (zora.co)
AI x Crypto, EigenLayer, Avail, Stablecoins, Particle Network, Appchains, Arbitrum Nova, and more...
Lagrange Labs (a ZK Coprocessor that can be used for data computation by smart contracts on Ethereum Layer2s) is using AVSs from ether.fi. Ether.fi announced that it will stake 500M for Lagrange Labs AVSs security. Following this event, other LRTs announced that they will stake for Lagrange Labs. Currently, 1.5 billion has been staked. There are many ZK Coprocessors, but this will put Lagrange Labs in the lead as the most secure ZK Coprocessor.
My thoughts on giving smart contracts access to AI: It doesn't make sense for a smart contract to have access to an AI agent now. Blockchain is pro-finance, and we can't afford mistakes, but AI agents can make mistakes. Using AI on-chain is inefficient. However, this can be useful in generating on-chain art, which could be its first application.
Avail is building all the key modular layers like DA, SS, and Agglayer for Rollups.
AvailDA - Data layer, AvialFusion - security shared sequencer, AvailNexus - Agglayer
https://jacobrizzuto.mirror.xyz/ifZ8E6TEDM1iPOf-QA46nH8bu6Y5K9CT_t3j9juBwM4
Overcollateralized stablecoins are inefficient compared to 1:1-backed stablecoins. On-chain overcollateralized stablecoins that are backed by crypto are even more inefficient and insecure due to crypto volatility.
Particle Network: Chain & account abstraction, solving the fragmentation problem in web3.
Appchains, wallets, Aggregation layer S3 Finale: Does The AppChain Thesis Hold up?
https://research.despread.io/reports-kr-arbitrum/?ref=test-newsletter
Arbitrum Nova (for socials and gaming) has attracted cool games to build on it, on par with other gaming chains. Arbitrum Styles (to be launched this year) will lower gas fees by 10x and support other languages (Rust, C, and more...), giving Arbitrum an advantage.
https://balajis.com/p/all-it-takes-is-all-you-got
The US government owes more than it has, and the US dollar's value is decreasing. It has already decreased by 25% since 2020. This cannot be stopped. The dollar's value will decrease even more, and people will turn to Bitcoin and Gold, causing their prices to rise.
https://m.mirror.xyz/gyyuM1OocVmptHYvl4jR6G3fWYsOutCgu19RDGjzGqc
Tokens are extremely powerful coordination tools that can be used to bootstrap product usage, seize attention conduct self-marketing, and create composable ties between different products. Launching the token at the right time can save the product.
The article author says, "Contrary to popular belief, there is no room for a diverse pool of L2s. There is room for two, Arbitrum and Optimism. And the race is likely over. Several economic factors lead to duopolies, including high barriers to entry and limited resources, economies of scale, network effects, consumer loyalty, mergers and acquisitions, and government policies." This will play out in the coming years. If there is nothing special about layer 2, it will become a ghost layer 2. Those with clear benefits like ARB - DeFi layer2, Base - Coinbase Users, OP- Superchain, and Zora for artists will succeed.
Some half-baked ideas:
A crypto-friendly AI agent is built into the wallet to help users understand the transactions they are signing and answer their questions on protocols and yield opportunities.
Is EigenLayer's customer base node operators or protocols?
Reduce block time to decrease MEV.
All dollar-pegged Stablecoins will provide yield, and they will be backed by T-Bills.
Let’s connect at Chandan (@chandan1_) / X (twitter.com)
Collect my art at iamchandan.eth | My Profile (zora.co)
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