Research Summary
The report discusses three crypto narratives for Q3, including the RWA sector, PolitiFi tokens, and Bitcoin Staking. It also introduces Axon, a protocol for non-custodial fiat and crypto operations, and provides updates on the latest DeFi news.
Key Takeaways
RWA Sector Growth
- Increasing Interest in RWA: The report highlights the potential growth of the Real World Asset (RWA) sector, which currently has a market cap of approximately $6 billion. The interest in this sector has increased following BlackRock’s announcement of its first Tokenized Fund on Ethereum. Several other traditional finance giants have also announced their upcoming RWA projects.
PolitiFi Tokens
- Rise of PolitiFi Tokens: The report notes the growing popularity of PolitiFi tokens, memecoins associated with political figures, ahead of the US elections in November 2024. The most popular of these tokens are $TRUMP and $BODEN, associated with Trump and Biden, respectively.
Bitcoin Staking
- Bitcoin Staking Potential: The report discusses the potential of Bitcoin Staking, which allows Bitcoin holders to stake their idle bitcoins and generate yield. The upcoming launch of Babylon, a Bitcoin Staking project, is highlighted as a significant event in this sector.
Axon Protocol
- Axon’s Non-Custodial Operations: The report introduces Axon, the first protocol to offer a fully non-custodial experience for both fiat and crypto operations. Axon stands out for its low fees, non-custodial nature, instant trades, and deep liquidity.
DeFi News
- Latest DeFi Developments: The report provides updates on the latest DeFi news, including announcements from CFTC Chair, Justin Sun, Solana, Zero1 Labs, pSTAKE Finance, and others. These updates cover a range of topics, from gas-free stablecoin transfers to the launch of new platforms and products.
Actionable Insights
- Monitor RWA Sector: Given the increasing interest in the RWA sector and its potential for growth, it may be beneficial to keep a close eye on this sector and the projects within it.
- Track PolitiFi Tokens: With the rise of PolitiFi tokens, tracking their performance and popularity could provide valuable insights into the intersection of politics and cryptocurrency.
- Explore Bitcoin Staking: The potential of Bitcoin Staking and the upcoming launch of Babylon suggest that exploring this sector could yield valuable insights and opportunities.
- Consider Axon’s Offerings: Axon’s non-custodial operations for both fiat and crypto transactions present a unique offering in the market. Considering its features and offerings could provide a new perspective on crypto operations.
- Stay Updated on DeFi News: Keeping up-to-date with the latest DeFi news can provide insights into the current trends and developments in the sector.
