Written by: Jaime Lao Edited by: Cyrus Ip and Sidney Lo Ethereum’s Layer-2 (L2) ecosystem has been growing rapidly in the past year. And within the landscape, Polygon, in particular, caught our eyes. With its massive developer and user base, perpetual stream of high profile partnerships, and strategic acquisitions, it’s a force to be reckoned with in the L2 and zero-knowledge (ZK) ecosystem. This article will dive into its scaling solutions, ecosystem, valuation, and recent on-chain activitie...

Written by: Jaime Lao Edited by: Cyrus Ip and Sidney Lo Ethereum’s Layer-2 (L2) ecosystem has been growing rapidly in the past year. And within the landscape, Polygon, in particular, caught our eyes. With its massive developer and user base, perpetual stream of high profile partnerships, and strategic acquisitions, it’s a force to be reckoned with in the L2 and zero-knowledge (ZK) ecosystem. This article will dive into its scaling solutions, ecosystem, valuation, and recent on-chain activitie...

OverviewThere is no doubt that 2021 was a remarkable year for non-fungible tokens (NFTs), however it appears that things were just starting to heat up. From the rise of blue-chip collections like Bored Ape Yacht Club (BAYC) by Yuga Labs to the explosive trading volume witnessed across marketplaces, it’s clear that fascination with NFTs shows no signs of stopping. Data from Nonfungible.com found that NFT trading volume jumped 200x from US$82.5mm in 2020 to US$17.7bn in 2021. Since the beginnin...

OverviewThere is no doubt that 2021 was a remarkable year for non-fungible tokens (NFTs), however it appears that things were just starting to heat up. From the rise of blue-chip collections like Bored Ape Yacht Club (BAYC) by Yuga Labs to the explosive trading volume witnessed across marketplaces, it’s clear that fascination with NFTs shows no signs of stopping. Data from Nonfungible.com found that NFT trading volume jumped 200x from US$82.5mm in 2020 to US$17.7bn in 2021. Since the beginnin...

I. Recent Market ActivitiesOver the past weekend, many discussions have been circulating around the highly anticipated Yuga Labs x Animoca Brands Otherside land sale. As the currency powering the Otherside metaverse, ApeCoin experienced high volatility leading up to the Otherdeeds mint date due to speculation around how much APE was needed to mint each NFT and how many NFTs could be minted per KYC’ed wallet. The intensive market demand led to the burning of nearly US$180mm worth of ETH gas fe...

I. Recent Market ActivitiesOver the past weekend, many discussions have been circulating around the highly anticipated Yuga Labs x Animoca Brands Otherside land sale. As the currency powering the Otherside metaverse, ApeCoin experienced high volatility leading up to the Otherdeeds mint date due to speculation around how much APE was needed to mint each NFT and how many NFTs could be minted per KYC’ed wallet. The intensive market demand led to the burning of nearly US$180mm worth of ETH gas fe...

IntroductionCapital inefficiency and price discovery are the two main hurdles that create illiquidity for NFT assets. Users can only recently deposit their previously illiquid assets into the DeFi ecosystem to generate income and provide liquidity. Today, we will look into the state of NFT lending, which is a crucial part of the financialization of NFT, and the solution to the illiquidity problems of NFTs. We will start by illustrating two major types of lending models and then elaborate on o...

IntroductionCapital inefficiency and price discovery are the two main hurdles that create illiquidity for NFT assets. Users can only recently deposit their previously illiquid assets into the DeFi ecosystem to generate income and provide liquidity. Today, we will look into the state of NFT lending, which is a crucial part of the financialization of NFT, and the solution to the illiquidity problems of NFTs. We will start by illustrating two major types of lending models and then elaborate on o...

Written by: Jaime Lao Edited by: Cyrus Ip and Sidney LoIntroductionWelcome to the first article of our Back to Basics Series. In the midst of this bear market, we will be deep diving into some of the blue-chip protocols and their native tokens that we believe have already shown value and why these protocols could potentially outperform the market on the long-term horizon. The first piece of the series focuses on Uniswap.Table of ContentsAbout UniswapUniswap Recent Trading ActivitiesToken Util...

Written by: Jaime Lao Edited by: Cyrus Ip and Sidney LoIntroductionWelcome to the first article of our Back to Basics Series. In the midst of this bear market, we will be deep diving into some of the blue-chip protocols and their native tokens that we believe have already shown value and why these protocols could potentially outperform the market on the long-term horizon. The first piece of the series focuses on Uniswap.Table of ContentsAbout UniswapUniswap Recent Trading ActivitiesToken Util...

Written by: Jaime Lao Edited by: Cyrus Ip and Sidney LoIntroductionMove-to-earn (M2E) game STEPN has been on our radar for quite some time now. The Solana-based project gamifies running activities and allows users to earn in-game currency simply by walking, jogging, or running. The project has gained significant traction and growth in recent months. Since launching in late December, the amount of SOL deposited by users has risen a 400% in March 2022. The app has grown to more than 700,000 mon...

Written by: Jaime Lao Edited by: Cyrus Ip and Sidney LoIntroductionMove-to-earn (M2E) game STEPN has been on our radar for quite some time now. The Solana-based project gamifies running activities and allows users to earn in-game currency simply by walking, jogging, or running. The project has gained significant traction and growth in recent months. Since launching in late December, the amount of SOL deposited by users has risen a 400% in March 2022. The app has grown to more than 700,000 mon...