Research Summary
This report discusses recent developments in the cryptocurrency and blockchain technology space. It covers a range of topics including the transformation of Popsicle Finance (ICE) into the WAGMI dex, the launch of the Arbitrum Oddessy Quest series, and the activities of notable figures in the crypto community. The report also provides insights into DeFi, NFTs, and gaming infrastructure, and highlights upcoming events in the crypto market.
Key Takeaways
Popsicle Finance’s Transformation into WAGMI dex
- ICE’s Evolution: Popsicle Finance (ICE) has transitioned into the WAGMI dex, a suite of defi tools built on zkSYNC. This includes LP strategies, leverage, limit order, and token farming.
- ICE’s Past and Future: Despite a questionable past, ICE has been one of the biggest winners of the year. It will melt away into WAGMI, with holders given 90 days to make the switch.
- WAGMI’s Tokenomics: 80% of all newly minted WAGMI tokens go to Growth and Development, while 20% goes into an operation multisig for daily operations.
Arbitrum Oddessy Quest Series
- Launch Announcement: The Arbitrum Foundation has announced the launch of part 2 of the Arbitrum Oddessy Quest series. This event allows participants to earn badges and points, which could potentially lead to prizes.
- Previous Impact: The first Oddessy quest series sparked an ecosystem-wide rally as participants began accumulating points for the ARB airdrop.
- Future Expectations: With the launch of the 50M token incentive scheme, Arbitrum might maintain its position as the #1 Layer 2 for a while longer.
Notable Figures in the Crypto Community
- Bitboy’s Fundraising: Bitboy has raised over $115,000 in cryptocurrency from the community.
- Cantering Clark’s Philanthropy: Trading OG and market mercenary Cantering Clark has continued to donate his weekly Friend Tech earnings to charity.
- Justin Sun’s Advocacy: Justin Sun released a video trailer showcasing his efforts in defending the crypto frontier and safeguarding the future of digital assets.
DeFi Insights
- Arcton: Arcton, an IPO marketplace, has given a lecture on “who’s cashing in on start-ups”.
- Astaria: Astaria, an NFT lending platform, has acquired Metaquants_Ai, an NFT aggregator.
- GammaSwap: GammaSwap, a DEX, has gone live on Arbitrum.
Upcoming Events in the Crypto Market
- UPtober: Analysts are predicting a price surge in the crypto market in the upcoming month, referred to as “UPtober”.
- REKtember: The current month, “REKtember”, is expected to be volatile, with potential significant movements in Bitcoin, Ethereum, and Tradfi charts.
Actionable Insights
- Investigate the Potential of WAGMI dex: With the transformation of Popsicle Finance into WAGMI dex, there may be new opportunities in the defi space.
- Monitor the Arbitrum Oddessy Quest Series: The launch of part 2 of the Arbitrum Oddessy Quest series could have significant impacts on the Arbitrum ecosystem and its token.
- Stay Informed on DeFi Developments: Keep an eye on the latest developments in DeFi platforms like Arcton, Astaria, and GammaSwap for potential opportunities.
