“Editor’s Picks of the Week” is a “functional” section of Odaily Planet Daily. While the Odaily Planet Daily covers a wide range of real-time information each week, it also publishes many high-quality in-depth analysis pieces. However, these articles may be hidden within the information flow and hot news, passing you by.
Therefore, our editorial department selects some articles worth reading and saving from the content published in the past 7 days every Saturday. From perspectives such as data analysis, industry judgment, and opinion output, we bring you new inspiration in the encrypted world.
Let’s dive into it together:
Investment and Entrepreneurship
Token as Product: How to Create Tokens That People Want?
Tokens predict the market to some extent, reflecting the collective interest of the population in a project moving in a specific direction, as well as the likelihood of this situation occurring. The mechanism of allowing people to buy into a project based on their belief in its ability to meet future needs is the core of venture capital.
Tokens have an unfortunate drawback in that as market attention changes, capital flows with it. One way that teams address this issue is through “narrative surfing,” continually linking their projects to the latest and hottest cryptocurrency value propositions to attract liquidity; another method is through the use of memes. Additionally, decisions should be avoided from becoming overly financialized.
Electric Capital: The Future is Multi-Chain, Don’t Overlook the Influence of Cryptocurrency Social and NFTs
The future is multi-chain; the share of developers in the United States is decreasing; Bitcoin Layer 2 and Base developers are growing; do not overlook the influence of cryptocurrency social and NFTs.
Airdrops
Interview with Trusta Labs: The Chaos and Order of Airdrops
As more and more users (including witches) enter, the “too many monks and too little porridge” state of the airdrop market has formed and continues to intensify, with a mismatch between high user expectations and the chips that projects can provide.
LayerZero’s experiment has certain problems at the planning and execution levels. LayerZero failed to clearly define the token economic model and airdrop allocation in advance, and the effectiveness of the self-disclosure, screening, reporting, and other three phases is also questionable. Another highly anticipated airdrop project, zkSync, can fully incorporate LayerZero’s list to achieve strict witch screening in a relatively gentle way, thereby avoiding angering the community again after trademark issues sparked community emotions.
To design a reasonable airdrop, the project needs to have a top-down design approach to airdrops, adhering to basic principles such as data-driven, transparent rules, fairness, and inclusivity.
For ordinary users, the wealth-building effect of airdrops seems to be gradually dissipating.
Meme
Bybit Report: The Practical Significance and Insights of Institutional and Retail Investors Investing in Meme Coins
Institutional meme coin holdings triple; huge perpetual contract trading volume; high flexibility and resilience of retail investors.
Meme Coin Operators: The ten meme coins you bought might all be mine
Running a mature Meme project is like “putting an elephant in the refrigerator,” only requiring three steps: preheating the coin issuance, market value management, and community maintenance. This mature operating matrix involves the entire cryptocurrency industry chain.
Whether successful in getting rich or being hindered by memes, the real active force behind each project has always been grassroots users in the cryptocurrency circle. Successful Meme coins have never been solely driven by project parties but also stem from the collective frenzy of the community. The decentralized nature of the Meme community establishes top-down interconnection. Speculation also thrives within it.
Roaring Kitty once again sparks the market, highlighting the top ten related memes: GME, AMC, Kitty, Superstonk, WSB, DFV, Keith Gill, Ryan Cohen, Melvin.
Ethereum and Scaling
Who is the Most Profitable Layer 2 in Ethereum?
Coinbase’s Base accumulated over $6 million in on-chain profits in May, followed by Blast with $1.5 million and Optimism with $1.4 million.
Multi-Ecosystem
Exploring the Base Chain Ecosystem: What projects beyond Meme are worth paying attention to?
Base’s mission is to bring more users into the blockchain, becoming the center for consumer-facing on-chain applications by focusing on community, creators, and developers through brand and marketing activities within less than a year.
Due to market factors such as EIP-4844 reducing aggregation costs and the Meme craze, coupled with internal factors such as the growth of the Farcaster community and the increase in on-chain applications, Base has recently seen a surge in users and transaction volume.
Unlike other major blockchain ecosystems focusing on DeFi and infrastructure, Base provides consumer-facing applications similar to traditional Web2 services. This unique approach driven by its community and brand has brought more applications onto the chain.
Currently, the Base ecosystem is growing fastest in social and community applications centered around Farcaster. However, new categories of on-chain applications such as content, games, and commerce are emerging, showing broad potential for user expansion.
In the next issue~