Research Summary
The report discusses the rise of modular blockchains, focusing on Celestia and its token $TIA. It also highlights the benefits of DexCheck, a crypto analytics platform, and provides updates on various DeFi projects. The report concludes with a brief overview of the latest developments in the DeFi space.
Key Takeaways
Modular Blockchains and Celestia
- Emergence of Modular Blockchains: The report highlights the growing popularity of modular blockchains, which specialize in specific functions, unlike monolithic chains like Ethereum L1 or Solana. Celestia, a project building a modular blockchain network, has gained significant traction recently.
- Celestia’s Role: Celestia provides cheap data availability to other chains, a critical aspect of blockchain security. Several rollups, L2s, and other blockchain projects have announced plans to use Celestia for publishing their transaction data.
- Impact on Celestia’s Token $TIA: The token $TIA is used primarily for paying to publish data on Celestia and securing the network. The recent surge in $TIA price is likely due to a large number of airdrops announced for TIA stakers by new projects building on top of it.
DexCheck’s Role in Democratizing Access to Private Sales
- DexCheck’s Launchpad: DexCheck offers a launchpad that democratizes access to private sales, typically only available to venture capitalists. By staking 100,000 DCK, anyone can access its IPSO launchpad, which offers private sale prices for new tokens.
- DexCheck’s Tools: DexCheck also provides a range of tools, including a Top Crypto Traders Dashboard, Advanced Token Analytics, Crypto & NFT Whale Tracker, and Telegram bots. It plans to integrate Solana and launch a BRC-20 tokens tracker soon.
On-chain Alpha and DeFi Developments
- On-chain Alpha: The report notes that the trading volume of Spot Bitcoin ETFs reached almost $10B in the first three days. Additionally, the percentage of BTC supply held by long-term holders hit a new all-time high, with over 60% of its supply now held by long-term holders.
- DeFi Developments: The report provides updates on various DeFi projects, including Kujira’s upcoming high-leverage forex platform, AltLayer’s airdrop for Eigenlayer users and TIA stakers, Berachain’s Public Testnet launch, and more.
Actionable Insights
- Monitor the Growth of Modular Blockchains: Given the rising popularity of modular blockchains, it may be beneficial to keep an eye on projects like Celestia and their tokens, such as $TIA.
- Consider the Potential of DexCheck: DexCheck’s democratization of access to private sales and its range of tools could be of interest to those looking to gain an edge in the crypto market.
- Stay Updated on DeFi Developments: The report highlights several updates in the DeFi space, suggesting the importance of staying informed about these developments for potential opportunities.
