Research Summary
This report provides updates on various projects in the blockchain and cryptocurrency space. It covers Uniswap Labs’ introduction of a 0.15% fee for token swaps, Maker Protocol’s record annual revenue, Lido’s decision to cease operations on Solana, SSV Network’s launch of Governance 2.0, Celestia’s TIA airdrop, Scroll’s mainnet launch, Aptos Network’s downtime, Polkadot’s treasury spending and 2.0 launch plans, Yuga Labs’ restructuring, and Superdao’s project closure.
Key Takeaways
Uniswap Labs’ Transaction Fee and Maker Protocol’s Record Revenue
- Uniswap’s New Fee: Uniswap Labs has started charging a 0.15% fee on transactions involving ETH, USDC, and other tokens. This fee is only applicable to swaps executed through the Uniswap Labs front-end.
- Maker Protocol’s Revenue High: Maker Protocol’s annualized income reached a record high of $2.03 billion on October 19th, with DAI’s supply hitting an annual high of $56 billion. The increase in income is attributed to the growth in RWA deposits used to mint DAI and the increased yield for DAI holders.
Lido’s Solana Exit and SSV Network’s Governance 2.0
- Lido’s Solana Exit: Lido has announced that it will gradually cease its operations on Solana over the next few months. Starting from October 16th, Lido will no longer support new SOL staking.
- SSV Network’s Governance 2.0: SSV Network has introduced its Governance 2.0 plan, establishing the SSV Foundation and empowering the community. The SSV DAO will conduct a final vote to officially establish the SSV Foundation in the coming weeks.
Celestia’s TIA Airdrop and Scroll’s Mainnet Launch
- Celestia’s TIA Airdrop: The Celestia TIA airdrop claiming window has been closed. A total of 584,232 addresses qualified for the airdrop, with 191,391 addresses participating in the claiming process.
- Scroll’s Mainnet Launch: Scroll officially announced the launch of its mainnet. Scroll states that its unique bytecode-level, EVM-compatible zkEVM provides a nearly identical experience to Ethereum.
Aptos Network’s Downtime and Polkadot’s Treasury Spending
- Aptos Network’s Downtime: Aptos on-chain transactions came to a halt at block 104621314, with the last transaction occurring on October 19th. The network resumed normal operation later that day.
- Polkadot’s Treasury Spending: As of October 18th, the Polkadot Treasury had already spent a total of 21 million USD in 2023, compared to 13 million USD spent in the previous year. Development expenses accounted for half of the spending.
Actionable Insights
- Investigate the Potential of Uniswap: With the introduction of a 0.15% fee on transactions, Uniswap Labs could potentially generate significant revenue. This could impact the value of the Uniswap token and the platform’s overall market position.
- Monitor Lido’s Transition: Lido’s decision to cease operations on Solana could have implications for both platforms. It may be worth monitoring how this transition affects Lido’s operations and Solana’s ecosystem.
- Assess the Impact of SSV Network’s Governance 2.0: The introduction of Governance 2.0 by SSV Network could potentially lead to increased community involvement and decision-making power. This could impact the platform’s future development and growth.
