Research Summary
The report discusses the launch of zkSync Era on Token Terminal, a Layer2 protocol that scales Ethereum using zero-knowledge technology. It also introduces new listings such as Blast, Camelot, Pyth, and Lybra Finance. The report provides data-driven insights from analysts using Token Terminal Pro and highlights new metrics and datasets. It also mentions the addition of smart contract labels to enhance network usage understanding.
Key Takeaways
New Listings on Token Terminal
- Introduction of zkSync Era: The report announces the launch of zkSync Era on Token Terminal. This Layer2 protocol scales Ethereum using zero-knowledge technology, batching users’ transactions and submitting them to Ethereum, with a portion of the transaction fees paid to Ethereum validators.
- Launch of Blast: Blast, a yield aggregator backed by Paradigm with plans to become an Ethereum L2, is introduced.
- Debut of Camelot and Pyth: The report mentions the introduction of Camelot, a non-custodial exchange protocol built on Arbitrum, and Pyth, a decentralized oracle network that recently launched the $PYTH token.
- Listing of Lybra Finance: Lybra Finance, a stablecoin protocol built on Ethereum, is also listed on Token Terminal.
Data-Driven Insights and New Metrics
- Uniswap’s Retention Rates: The report cites Uniswap’s retention rates for monthly active users as an example of the granularity of data observable on crypto networks.
- Introduction of New Metrics: New metrics such as Trade Count, Tradeable Pairs, Tradeable Assets, and Liquidity Turnover are introduced to provide more detailed insights into exchange activities.
Smart Contract Labels
- zkSync Era Labels: The report mentions the addition of over 800 new labels and 50+ new projects labelled under zkSync Era.
- Ethereum Labels: More than 90 new labels have been added under Ethereum, enhancing the understanding of network usage.
Actionable Insights
- Exploring zkSync Era: With the launch of zkSync Era on Token Terminal, there is potential to explore how this Layer2 protocol can scale Ethereum using zero-knowledge technology.
- Understanding New Metrics: The introduction of new metrics such as Trade Count, Tradeable Pairs, Tradeable Assets, and Liquidity Turnover can provide deeper insights into exchange activities, offering opportunities for further analysis.
- Utilizing Smart Contract Labels: The addition of new labels under zkSync Era and Ethereum can enhance understanding of network usage, providing a basis for more informed decision-making.
