Research Summary
The report discusses the latest developments in the decentralized finance (DeFi) sector, focusing on projects like Ordiswap and Berachain. It also highlights upcoming projects and provides updates on existing ones. The report further delves into the potential of NFTs in the DeFi space.
Key Takeaways
Ordiswap’s Potential in the BRC-20 Ecosystem
- Ordiswap’s Mainnet Launch: Ordiswap, a BRC-20 project, is set to launch its mainnet, which could significantly improve the user experience of trading BRC-20s. The project aims to build a decentralized exchange on the Bitcoin network, similar to an Automated Market Maker (AMM).
- Partnership with Thorchain: Ordiswap is collaborating with Thorchain to facilitate cross-chain swaps, aiming to become Bitcoin’s underlying liquidity layer. This could position Ordiswap as a leader in the BRC-20 ecosystem, especially as it enters its DeFi Summer phase.
Berachain’s Growth and NFT Integration
- Berachain’s Testnet Launch: Berachain, a project that originated from an NFT project called Bong Bears, has launched its testnet. The launch has attracted significant traffic, primarily from airdrop farmers, leading to a surge in Berachain NFT prices.
- NFTs as a Bet on Berachain: It is speculated that 5% of the BERA supply will be airdropped to NFT holders, making a bet on Bera NFTs essentially a bet on Berachain. This highlights the potential role of NFTs in the DeFi space.
Upcoming DeFi Projects
- Emerging Projects: The report mentions several upcoming projects in the DeFi space, including Ebisu Finance, Mirage, Layerless, Stacking DAO, Thruster, Echelon Markets, and Fable Platform. These projects are expected to contribute to the growth and diversification of the DeFi sector.
Project Updates
- Updates on Existing Projects: The report provides updates on various existing DeFi projects, including Khalani Network, Synthetix on Base, Conic V2, Radiant V3, Eigenlayer on Cosmos, C3 Mainnet, SKALE Chain Pricing, Nitrogen by AltLayer, WAGMI Live on Metis, Sequencer Fee Sharing, HYCHAIN, Echelon, Revert Lend, dYdX Liquid Staking, Injective Volan Upgrade, Meso Live for the US, Frontier Rebrands to Self Chain, SynFutures V3 on Arbitrum, Astaria V1, Morpho Blue Live on Mainnet, Ajna Live on Mainnet, Flashloans Live on Margin, Taiko Testnet Live, Y2K Turbo Options, and DBR Auction.
Actionable Insights
- Monitor Ordiswap’s Progress: Given Ordiswap’s potential to improve the BRC-20 trading experience and its collaboration with Thorchain, it would be beneficial to keep an eye on the project’s developments.
- Assess the Role of NFTs in DeFi: With Berachain’s integration of NFTs and the potential airdrop to NFT holders, it’s worth exploring the role and potential of NFTs in the DeFi space.
- Stay Updated on Emerging Projects: The DeFi sector is rapidly evolving with new projects emerging regularly. Staying updated on these projects could provide insights into the sector’s growth and diversification.
- Track Updates on Existing Projects: Regular updates on existing DeFi projects can provide valuable insights into their progress and potential impact on the sector.
