Weekly Editors Picks June 29 July 5

“The Weekly Editor’s Picks” is a “functional” column by Odaily Planet Daily. In addition to covering a large amount of real-time news each week, Planet Daily also publishes many high-quality in-depth analysis articles, but they may be hidden in the information flow and hot news, passing you by.
Therefore, our editorial department will select some high-quality articles worth spending time reading and collecting from the content published in the past 7 days every Saturday, bringing new insights from the perspectives of data analysis, industry judgment, and opinion output to you in the crypto world.
Now, let’s read together:


Investment and Entrepreneurship
GSR: Will the Solana ETF pass? What potential impact will it have on the price?
The two key factors determining the next spot ETF are the degree of decentralization and potential demand. Analysis shows that if the US allows additional spot digital asset ETFs, Solana will be next.
The inflow of funds into a spot Solana ETF may account for 2%, 5%, or 14% of Bitcoin (pessimistic, neutral, optimistic).


The conclusion is as follows, referencing the impact of the spot Bitcoin ETF on Bitcoin (2.3x growth):


Also recommended: “LUCIDA: Revealing the Top Researchers’ Crypto Macro Analysis Methodology”, “On-chain Smart Money Tracking Finale: A Look at 10 Major Ecological Coin Ambush Addresses”, “Rise or Fall in the Next Three Months? Bankless Predicted the Trend of 16 Tokens”.
In-depth discussion: Is there still a need for governance tokens?
The article proposes a four-quadrant framework for evaluating governance tokens based on the reliability of token holders’ rights and control over economic value, studying tokens in each quadrant through case studies, and providing advice for builders and investors on how to build and evaluate governance tokens.
Governance tokens can achieve value appreciation through two main ways: helping applications manage the inherent risks in their business models; providing utility to their holders in the form of tangible economic value (such as GMX).


Whether a crypto project is new or mature, it’s not too late to find deficiencies and make changes now.
The Era of Block Space Commercialization: Will “Fat Applications” Rise?
The value of order flow is more important than the number of order flows. Applications will occupy the largest proportion of total value.
Looking ahead, applications should focus on creating new types of order flows, including: creating new assets (such as Pump and memecoins), building applications for new user scenarios (such as Worldcoin, ENS), creating vertically integrated better consumer experiences and supporting valuable transactions, such as Farcaster and Frames, Solana Blinks, Telegram and TG applications, or on-chain games.
Airdrops
Odaily Exclusive Interview with Lu Mao Studio: Revealing the “Brush Volume” World of Web3
A story-style article, featuring the unique structure of Lu Mao Studio, and the competitive and cooperative relationship between Lu Mao Studio and project parties.
Meme
How to Choose Potential Meme Coins through TVL Changes?
The Memecoin TVL lifting theory suggests that major memecoins or a basket of major memecoins will act as leveraged bets on on-chain TVL.
Taking Base and TON as examples, TVL inflow = major memecoin performance. If TVL increase can be predicted, then positions can be taken in major memecoins on that chain as a leveraged bet on TVL predictions.
TVL growth prediction can be divided into two categories: long-term and short-term. Long-term prediction is essentially predicting TVL trends over several months. The short-term approach views short-term catalysts such as reward programs or airdrops as reasons for TVL growth.
Ethereum and Scaling
With L1 and L2 Crowded, What L3 Projects are Worth Watching?
The overall idea of Layer 3 is to further scale Ethereum by creating highly customizable, cheap, fast, and interoperable chains with varying degrees of security and decentralization. Examples of Layer 3 frameworks include Arbitrum Orbit and zkSync Hyperchains. The article briefly introduces Degen Chain (DEGEN) and Sanko (DMT).
Also recommended: “2024 Ethereum Staker Report: What Issues Do Independent Stakers Focus On?”.
Multi-Ecosystem
Blinks Mania: Exploring the Most Promising Application Scenarios from Underlying Logic
“Immediacy” and “facilitating the purchase of valuable information” are the real battlegrounds for Blinks.
Blinks work in reaching new users, converting new users, and reactivating old users.
Potential use cases include investment, consumption, community governance, decentralized social, chain games, and more.
Also recommended: “Exploring 50+ Innovative Use Cases of Solana Blinks in One Article”.
Beginner’s Guide: How to Navigate the TON Ecosystem
The article introduces wallets, cross-chain bridges, and CEX, some on-chain applications, and believes that the TG APP gameplay, transfers, transactions, games, etc. can all be completed in TG, which is a more mobile-friendly environment compared to other public chains.
To Capture TON Ecosystem Game Alpha, You Need These Tools
This article includes setting up a wallet, how to find popular TON ecosystem games, and methods for multi-opening game simulators.
DeFi
Altcoins Plummet: Is it Time to Refocus on DeFi?
The price of altcoins plummeted by 30% due to three reasons: insufficient demand growth, excessive supply growth, and continuous unlocking waves.
It’s a good time to focus on DeFi because PMF products are emerging from the bubble period—from a business perspective: having mature business models and profit models, top projects with moats; from a supply perspective: low emissions, high circulation ratio, small scale of tokens to be unlocked; from a valuation perspective: market attention and business data divergence, valuation levels falling into historical low ranges; from a policy perspective: FIT 21 Act is conducive to the compliance of the DeFi industry and may trigger potential mergers and acquisitions.
The article further analyzes Aave, Uniswap, Raydium, Lido, and GMX.
Will the Ethereum ETF Launch Trigger an Explosion in the RWA Track?


Key directions: Treasury bonds, credit, real estate. Private RWA remains largely undeveloped. Regulation and poor value accumulation are major risks.
Also recommended: “RWA Narrative Revival: Who Stands at the Cusp of the Huge To B Business?”.
GameFi, SocialFi
Exploring the Future Development of On-chain Games from the Perspective of VCs and Builders
If the technology is strong, consider a decentralized fully on-chain casual mini-game based on a social platform first.
If the operational capability is stronger, consider a centralized GameFi mini-game based on a social platform first, with TON as the first choice.
It is not recommended to invest in or create large 3A chain games targeting Web3 users, as this is a pit.
Can the $1 Billion Valued Social Leader Farcaster Become the New Bull Market Explosion Point?
The total number of Farcaster users has reached 540,000, with daily active users surging from 2k at the beginning of the year to the current 56k, achieving more than 28 times growth.
Farcaster protocol data is stored on-chain and off-chain hubs. Developers can choose to run their own hub nodes or use third-party service providers like Neynar to access data. All this data is permissionless, and based on this available data, developers can build various clients and applications, greatly increasing the richness and innovation space of the Farcaster ecosystem.
Users can track the progress of the ecosystem through the decaster website. The article also introduces some highlight projects: WrapCast, Jam, Clubcast, BountyCaster, AlfaFrens.
Built for the New Generation of Attention Merchants, Crypto Products are Moving Towards SocialFi


Web3
Opinion: Web3 Needs Mass Admission, Not Mass Adoption
Crypto has boundaries. All its features (privacy, decentralization) come from its core value—permissionlessness, which is not useful to most people on earth. We think there are no new users now because the market is about to reach its actual TAM limit.
Stock markets have never been a problem, frequent users are. The essence of Crypto growth is the process of cultivating frequent and large users. What Crypto/Web3 needs to clarify is “letting them come to make money”, letting the “merchants” in the world come here to try to make money, on the condition that they learn the rules of Crypto. Their way of making money is to engage in financial flows (trading, staking, lending, etc.), all revolving around this logic.
Web3 Mini-Programs? MetaMask Snaps Interpretation
The number of available Snaps listed on the official website is actually not many, as of June 2024, there are only 68. Due to understandable security considerations, a basic Snap cannot do too many things. Most of its functions need corresponding permissions first, so Snaps need to request relevant permissions from users when installing. Available permissions include lifecycle, transactions, signatures, CRON, etc. Compared to the prosperous Web3 ecosystem, the currently available Snaps are very few.
According to MetaMask’s official classification, they can be roughly divided into four types: account management, interoperability, notifications and chat, and security.
For most of MetaMask’s users at present, Snaps is not yet a particularly necessary function. MetaMask probably needs to do more work on how to promote it more effectively. But anyway, it is at least a product built by a group of passionate developers who want to solve real problems, not a scam initiated by a group of financial experts.
Weekly Hotspot Recap
In the past week,
the US and German governments transferred Bitcoin
; Mt.Gox has officially started
compensating some creditors in BTC and BCH
; Japanese creditors:
have received Mt.Gox compensation
, with the amount of tokens paid