# #5 What I Read This Week... By [chandan](https://paragraph.com/@iamchandan) · 2024-04-28 --- _Universal Restaking, Intent, Reth AlphaNet, Telegram, Order book Dexs, Liquid Staking, Bitcoin layer2s, Stacks, Move based layer2, Maker DAO…._ _First, let's take a look at what I wrote this week:_ [https://mirror.xyz/iamchandan.eth/MWqryf5--Up6tidyJxMy6WW99fAsixF6Yc92XCDD5Rk](https://mirror.xyz/iamchandan.eth/MWqryf5--Up6tidyJxMy6WW99fAsixF6Yc92XCDD5Rk) [https://mirror.xyz/iamchandan.eth/bOXpfMj3pFGpaQDh91-Yr4M1JsezjtqlEEFjpE\_qOGs](https://mirror.xyz/iamchandan.eth/bOXpfMj3pFGpaQDh91-Yr4M1JsezjtqlEEFjpE_qOGs) _watch this:_ [https://x.com/elonmusk/status/1784365619640730029](https://x.com/elonmusk/status/1784365619640730029) _What i Read this week:_ **1\. Karak Network: Pioneering Universal Restaking** Karak Network introduces a novel restaking layer, poised to bolster cryptoeconomic security across assets. This advancement frees developers from the security burdens of new projects, streamlining product development in the blockchain space. [Karak Network Overview](https://x.com/asxn_r/status/1781388504594825404) **2\. Cowswap and Market Dynamics** Cowswap sets itself apart as the only competitive, intent-based system, revealing a stark contrast in order flow distribution compared to platforms like Across and DLN, where 90% of bids remain unopposed, underscoring a critical lack of competition. **3\. The Commoditization of Web3 Technologies** Web3 technologies are becoming more accessible, enabling easier creation of Layer 1 and Layer 2 solutions, DEXs, and wallets. The strategy to "grow the market" alongside your own growth is becoming crucial. This insight emphasizes the value of building and leveraging network effects. [Commoditising Your Complements With Modular Architecture](https://rainandcoffee.substack.com/p/commoditising-your-complements-with) **4\. Adoption Curves in Crypto Products** New crypto products typically undergo a two-phase adoption: initially by crypto-natives, followed by crypto-agnostics. Stablecoins have moved into the crypto-agnostic phase, primarily used for currency hedging and cross-border payments. Conversely, other real-world assets (RWAs) like stocks and real estate remain in the crypto-native phase, serving mainly for diversification. [Real World Assets, Real World Application](https://medium.com/alliancedao/real-world-assets-real-world-adoption-11015282a69e) **5\. Layer 2 Scaling and Reth AlphaNet** Reth AlphaNet is emerging as a crucial component for every Layer 2 scaling strategy, directly addressing the state growth challenge and enhancing user experience with EIP-3074. Paradigm and Georgios Constantinou are noted for their innovative contributions. [Reth AlphaNet](https://www.paradigm.xyz/2024/04/reth-alphanet) **6\. Cryptocurrency User Experience and Telegram** Telegram is positioned to address user experience issues plaguing the crypto space, potentially setting new standards for accessibility and functionality. [Telegram and Crypto UX](https://x.com/DeFiMinty/status/1782063066722845018) **7\. Order Book DEXs versus AMMs** Current Automated Market Makers (AMMs) are less capital efficient compared to traditional order book DEXs. However, the high gas costs and lower compute capabilities on Layer 1 and Layer 2 networks pose challenges. Elixir advocates for innovation but suggests that building a new blockchain may be excessive. [엘릭서 (Elixir) — 오더북 DEX 유동성 공급의 묘약 | 디스프레드 리서치 (despread.io)](https://research.despread.io/reports-kr-elixir/?ref=test-newsletter) **8\. Liquid Staking in Solana and Ethereum** Marinade needs to intensify its marketing efforts and boost liquidity to compete effectively against Jito in liquid staking solutions. Current staking rates show Solana at 65% and Ethereum at 25%, highlighting the importance of narrative in the crypto valuation process. [Solana Liquid Staking Insights](https://substack.com/michaelnadeau) **9\. Technological Innovations in Bitcoin Layer 2 Solutions** Merlin Chain stands out with a robust technological stack including Lumoz’s decentralized ZK computing, Polygon’s ZK-tech, and Celestia’s data availability solutions. This positions it uniquely in the BTC Layer 2 ecosystem. [Is It Time to Move Beyond Solidity?](https://placeholder.com/) **10\. Point Systems in Web3** Speculating on-point systems continues to be a profitable strategy within the web3 framework, emphasizing its central role in the ecosystem's growth. [https://x.com/daedalus\_angels/status/1783876533020406067](https://x.com/daedalus_angels/status/1783876533020406067) **11\. The Stacks Thesis:** Hal Press provides an objective analysis of Stacks, highlighting the emergence of Ordinals as a pivotal moment for the platform. [Understand the investment case](https://medium.com/@halp1120/stacks-thesis-62ce0599c77f). **12\. MakerDAO: The Leviathan of DeFi:** Syncracy Capital presents a compelling thesis on MakerDAO, positioning it as a central figure in the DeFi ecosystem. [Examine the thesis](https://www.syncracy.io/writing/makerdao-thesis). **13\. M2:** M2 is the first Move-based L2 on Ethereum, which allows developers to write applications in Move that settle on Ethereum. Arbitrum Stylus also brings **Rust, C, and C++ without losing EVM compatibility.For EVM layer2s to win, they need to improve the EVM to better the developer experience and scale aggressively.** [https://www.placeholder.vc/blog/2024/4/25/is-it-time-to-move-beyond-solidity](https://www.placeholder.vc/blog/2024/4/25/is-it-time-to-move-beyond-solidity) **14.An objective analysis of what happened on** Renzo Protocol **(Depeg, airdrop, token pie chart)** [https://x.com/0xtommy\_eth/status/1783018222759055529](https://x.com/0xtommy_eth/status/1783018222759055529) 15.The winning of sanctum’s depends on how well they can create liquidity compared to Jito and Marinade. [https://www.sanctum.so/](https://www.sanctum.so/) **16.Narratives + catalysts of each Layer 1 + Layer 2.** [https://x.com/ahboyash/status/1782359250339037193](https://x.com/ahboyash/status/1782359250339037193) [https://blog.particle.network/chain-abstraction-landscape-report/#conclusion](https://blog.particle.network/chain-abstraction-landscape-report/#conclusion) [![]({{DOMAIN}}/editor/youtube/play.png)](https://www.youtube.com/watch?v=ayC1bgELR8E) [https://x.com/LidoFinance/status/1780317961854636384](https://x.com/LidoFinance/status/1780317961854636384) [https://x.com/Ruisnakes/status/1783829446731894808](https://x.com/Ruisnakes/status/1783829446731894808) [https://mirror.xyz/tamaratran.eth/kyaskZfhiDXDJ6cejzvNfWkj4IdocJ\_mA2tgJKKs\_gg](https://mirror.xyz/tamaratran.eth/kyaskZfhiDXDJ6cejzvNfWkj4IdocJ_mA2tgJKKs_gg) Connect at [X](https://twitter.com/chandan1_) _“The way you do one thing is the way you do Everything” this is so true at least in my case._ **See you next week!** ---------------------- --- *Originally published on [chandan](https://paragraph.com/@iamchandan/5-what-i-read-this-week)*