Research Summary
The article discusses the recent developments in the crypto market, including Bitcoin reaching a new yearly high following BlackRock’s announcement of filing a Bitcoin Spot ETF. The newsletter also highlights the impressive UI/UX of Vertex, a DEX that has closed the gap on CEXs. Vertex has launched spot pools, allowing users to provide liquidity, earn fees, trade perps using their LP positions as margin, and farm VRTX. The newsletter also discusses the long-term potential of NFTs and Polygon’s proposal to transform their POS chain into a zkEVM Validium.
Actionable Insights
- Monitor Bitcoin Performance: Bitcoin has reached a new yearly high, possibly due to BlackRock’s announcement of filing a Bitcoin Spot ETF. This development could have significant implications for the crypto market.
- Consider Vertex: Vertex, a DEX, has been praised for its UI/UX. It has launched spot pools, providing users with various ways to earn, including farming VRTX.
- Stay Informed on NFTs: The long-term potential of NFTs is highlighted, indicating that they could be a worthwhile investment.
- Assess Polygon’s Developments: Polygon’s proposal to transform their POS chain into a zkEVM Validium could have significant implications for the platform and its users.
