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David Alexander II Profile
David Alexander II

@Mega_Fund

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@Mega_Fund
David Alexander II
2 years
Mediocre analyst: “Mega, you’re so negative and short everything in the space, is there anything you actually like??” Mega: “EigenLayer and Celestia. Thank you and you’re welcome.”
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@Mega_Fund
David Alexander II
4 months
Solana network activity is currently shattering all-time highs in many different areas. Daily network fees are now at $3.8M, a new record and up 754% on the month. Meanwhile, daily DEX trading volumes are over $3.8B, also a new record and up 430% on the month. In terms of users,
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@Mega_Fund
David Alexander II
4 months
Solana continues to capture network fees at a record pace and now represents about 16% of all daily fees collected across major protocols. Yesterday, roughly $31M worth of fees were captured throughout the space including Ethereum ($12.9M), Tron ($4.7M), Lido ($3.5M), and Bitcoin
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@Mega_Fund
David Alexander II
4 months
Over the past 7 days, Solana has handled over $348B of stablecoin volume on the network. To put this into perspective, this is more than double the amount on Ethereum, which handled $159B of stablecoin volume during this same time period and was the second most overall.
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@Mega_Fund
David Alexander II
2 years
Solana dev activity looks like a complete wasteland right now. Weekly commits in free fall over the last 12 months. Hopefully this is mainly related to all of the VC exit liquidity projects getting flushed from the system 😈 $sol
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@Mega_Fund
David Alexander II
1 year
Despite all of the recent regulatory, macro, and security headwinds, $BTC balances on exchange wallets are trending upwards. Remember, self-custody is 🔑
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@Mega_Fund
David Alexander II
1 year
We've now reached 8 consecutive weeks of net outflows from institutional investors. In total this represents $417M in digital assets exiting. This past week was the most severe, with $88M in outflows ($52M in $BTC and $36M in $ETH). Everyone runs when the battle gets tough 😈
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@Mega_Fund
David Alexander II
1 year
Despite all of the regulatory uncertainty, $ETH deposits continue to march forward at a historic rate, especially if we look at the weekly SMA. In terms of daily volume, over 12,800 $ETH ($23.6M) were staked in one day (June 1). This shatters the previous high of 7,628 (2020).
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@Mega_Fund
David Alexander II
1 year
Over the last 6 weeks, $2.1B worth of stablecoins have left exchanges, down 14% since May and down 48% YTD. Liquidity continues to be at a premium and buying power is approaching new yearly lows.
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@Mega_Fund
David Alexander II
1 year
As we close out the month, open interest on $BTC has soared to new yearly highs. There is now over $13.1B worth of open futures contracts, the most since November 2022, and up 30% over the last 7 days. Everyone is betting on an ETF 😈
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@Mega_Fund
David Alexander II
1 year
Whilst the market burns, daily active $ETH addresses are up 31% since April. Winners win, builders build 😈
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@Mega_Fund
David Alexander II
1 year
Over the last 30 days, TVL on @zksync is up over 88%. ZK Stack, the prospect of native decentralized sequencers, and highly customizable application-specific chains, along with EIP-4844 (cheaper tx fees on rollups) all incoming 😈
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@Mega_Fund
David Alexander II
1 year
Very excited for what's being built by @LucaProsperi and @m0labs ! M^ZERO is a money middleware that connects TradFi to DeFi and the entire Web3 ecosystem with an enterprise-grade experience. It enables entities to permissionlessly mint currencies under decentralized governance
We are thrilled to announce that we have raised $22.5m to build M^ZERO, a decentralised value transmission mechanism @PanteraCapital , Road Capital, @airtreevc , @standardcrypto , @SALTConference , @paraficapital , Distributed Capital, Kraynos, @mourocapital , @EarlybirdVC
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@Mega_Fund
David Alexander II
1 year
VC funding is down to its lowest levels in the last 2.5 years (~$550M/month), but yes, please sell me your latest "ETH killer" or "modular VM" or "DeFi lego" with 47 MAUs. And make sure your team is full of ex-Google/Goldman/McKinsey and Stanford/HBS/MIT MBAs. All in 😈
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@Mega_Fund
David Alexander II
1 year
Oh no, gas fees on $ETH are too expensive! Let's go build on an "Ethereum killer" like Aptos with 12k DAUs and 8 TPS. It's literally only a matter of time before Move overtakes Solidity. Plus, all the VCs are building here. Big win 😈💪 $APT
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@Mega_Fund
David Alexander II
1 year
"To learn to stop resisting, to learn to love the world and stop comparing it to some world I only wished for and imagined, some sort of perfection I myself had dreamed up, but instead to let it be as it was and to love it and be happy to belong to it." #megasprivatebookclub
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@Mega_Fund
David Alexander II
1 year
Happy $SUI Thursday, everyone! Despite an avg of 4 TPS, all we need is users here. As the wave of next-gen interoperable, modular AMMs/orderbooks/lending/NFT protocols building on the network and raising at $100M+ valuation onboard the next 1B users, expect significant scaling 😈
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@Mega_Fund
David Alexander II
1 year
Over $40M in $BTC and $17M in $ETH long liquidations within the last 24 hours, blood in the water 😈
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@Mega_Fund
David Alexander II
1 year
Everyone is mad at $blur, but they're out here just STOMPING their competition into oblivion. Sorry that price discovery happened sooner rather than later on your SICK NFT, lil bud
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@Mega_Fund
David Alexander II
1 year
DEX trading volume now represents over 21% of CEX volume and have effectively doubled since February. However, DEX trading volume has generally remained stabled over the last 60 days ($60B-$65B). So there isn't necessarily spillover; users are moving away from centralized options
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@Mega_Fund
David Alexander II
1 year
Incredible progress and an immediate benefit for the entire Ethereum ecosystem: an ultra performant zkEVM, integration with core protocols at launch, and the prospect of functioning as the default network on @MetaMask
@LineaBuild
Linea
1 year
📣We’re thrilled to share that we’ve started to roll out the Linea mainnet alpha release. This week we will begin onboarding launch partners before opening up the network to users @ETHCC 🧵👇
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@Mega_Fund
David Alexander II
1 year
Zoom out on the entire continuum of $ETH deposits and the 7-day moving average looks quite powerful. Much more to come 😈
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@Mega_Fund
David Alexander II
1 year
Relatively low daily $BTC volume, yet maximum impact. Tread carefully 😈
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@Mega_Fund
David Alexander II
1 year
Largest daily $BTC short liquidation volume in the last 3 months. So weird/random 😈
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@Mega_Fund
David Alexander II
1 year
Relatively low daily $BTC volume, yet maximum impact. Tread carefully 😈
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@Mega_Fund
David Alexander II
1 year
Interesting institutional data ahead of the FOMC: $72M in outflows ($46M in $BTC and $19M in $ETH). Meanwhile, demand for block space on Bitcoin is surging, gas prices on Ethereum are approaching yearly highs. Don't worry, it'll all come right back 😈 h/t @CoinSharesCo
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@Mega_Fund
David Alexander II
1 year
Over 1.9M $ETH ($3.5B) have been withdrawn from exchanges within the last 24 hours, the largest daily net outflow since December 2022 following the collapse of FTX. Besides the FTX fallout, this level of outflow activity hasn't happened since September 2020. Exciting times 😈
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@Mega_Fund
David Alexander II
1 year
Happy $SUI Sunday, everyone! Don't worry, let's build a bunch of interoperable AMMs, high TPS order books, and Move-based perps. Big win 😈
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@Mega_Fund
David Alexander II
1 year
For all of the times it seemed there was no way out and for the moments I thought I had nothing left to give, I was reminded of the infinite. Lateralus, 22 years ago. Thank you @Tool @mjkeenan @AdamJones_tv @alexgreycosm 🌀
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@Mega_Fund
David Alexander II
1 year
Bridges continue to be an extremely vulnerable attack vector. What are people even bridging to/from? Imagine BATTLING for a quick 5% "risk free" win moving between random networks. Just stay on Ethereum and avoid this nonsense.
@CoinDesk
CoinDesk
1 year
At least three bridge contracts operated by Multichain saw major, unannounced outflows of over $130 million in crypto. @realDannyNelson reports
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@Mega_Fund
David Alexander II
1 year
A lot of "floors" got BLOWN out this month. But do not fear, there is no floor 😈
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@Mega_Fund
David Alexander II
1 year
The Ultra Sound relay has been incredibly performant over the last two weeks, relaying over 38,000 total blocks (the most in the space) and has created over 10,000 $ETH rewards ($18.3M) 🦇🔊
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@Mega_Fund
David Alexander II
1 year
Transactions on Bitcoin are surging towards a new all-time high, $BTC miners coming back from the grave as fees reach a 5 year high 😈
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@Mega_Fund
David Alexander II
1 year
Oh look, @nansen_ai added principal and reward data to their dashboard 😈. But more importantly, principal withdrawal activity increased, then was met with massive deposit activity. Over 16% of the entire $ETH supply is now staked, the highest staking rate ever for the network.
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@Mega_Fund
David Alexander II
1 year
Net outflows are now approaching 500,000 $ETH ($1B) over the last 24 hours. Again, this is expected and will accelerate, as more validators update withdrawal credentials. One particularly interesting aspect, however, is the difference between principal and reward withdrawals
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@Mega_Fund
David Alexander II
1 year
Super excited to speak about token engineering and mechanism design today at @CUBlockchain 🤝 @goforlindsey @hedgeyfinance @Cornell @DAOstrategy @ConsenSys @ConsenSysMesh
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@Mega_Fund
David Alexander II
1 year
Interestingly, daily $BTC fees are down 90% from the recent 5 year highs reached earlier in the month, despite transaction volumes remaining relatively steady.
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@Mega_Fund
David Alexander II
1 year
Reminder: crypto is still driven by macro. FOMC is incoming, with an expectation of a 25 bps hike. Don't get caught out of position 😈
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@Mega_Fund
David Alexander II
1 year
As we begin to shift towards the zkEVM landscape, @zksync has handled upwards of 880k daily transactions, similar to the volume on @arbitrum and in some instances, nearly 40% more than @optimismFND The future of $ETH is indeed strong 😈
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@Mega_Fund
David Alexander II
1 year
The largest daily $SOL sell-off since the collapse of FTX in November 2022, and one of the largest selling volumes in the history of the token. Goodness gracious, Uncle Gary really taking these VC tokens to the woodshed
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@Mega_Fund
David Alexander II
1 year
Happy 4th of July, hope everyone dumped these slop "NFTs" during the $Blur holiday liquidity event!
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@Mega_Fund
David Alexander II
1 year
Absolute bloodbath across the board after the $blur liquidity event, as most top collections are now down double digits on the weekly. So weird/random, whomst could have possibly predicted 😈
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@Mega_Fund
David Alexander II
1 year
5 year highs for $BTC fees, miners FURIOUSLY PIVOTING from donating their hardware to ZKPs back to the mothership (for now) 😈
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@Mega_Fund
David Alexander II
1 year
Oh no, an address labelled as the "US Government Balance" / Silk Road" just sold $275M+ worth of $BTC, let's all panic sell after the fact! Highest hourly selling volume since March, congrats everyone 😈
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@Mega_Fund
David Alexander II
1 year
Leaving Consensus 2023 ready to RAM on every broken token model and bozo project peddling yet another nonsense ZK/modular L1/Web3 game to unassuming “investors.” Buckle up 😈
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@Mega_Fund
David Alexander II
1 year
Daily transactions on the Bitcoin network continue to set all-time highs and reached over 680,000 on Monday, a 39% increase over the previous highs set back in December 2017. During this same time period, Ordinals activity surged, with over 350,000 new inscriptions $BTC
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@Mega_Fund
David Alexander II
1 year
Daily activity on @Starknet is starting to gain significant traction, with over 100k users (up 157% over the last 30 days) and 200k+ transactions each day. For context, @arbitrum and @optimismFND most recently had 190k and 75k DAUs, respectively.
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@Mega_Fund
David Alexander II
1 year
Thanks again for having me and thank you for all of your efforts putting together another great conference @CUBlockchain 🙏 See you next year 😈
@CUBlockchain
Cornell Blockchain
1 year
How did we go from the 2017 ICOs, whitepapers and #token designs to where we are today? 💡 Join @DAOstrategy @goforlindsey @LimarisT @Mega_Fund and @Thomas_Rush_ in exploring the mechanisms behind token economies in the panel “Token Design 2.0” 🎥 Watch:
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@Mega_Fund
David Alexander II
1 year
Rough holiday for "traders": $70M+ in long liquidations ($13M in $BTC, $8.6M in $ETH). Should've kicked back and watched the fireworks with your friends and family instead, lil bud
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@Mega_Fund
David Alexander II
1 year
Happy $apt unlock, everyone! Nice little 16% discount since the 4th of July holiday event. Meanwhile, trading volume is now down over 75% in less than a week. Keep the unlocks coming 😈 h/t @coinbureau
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@coinbureau
Coin Bureau
1 year
Be careful of token unlocks in July ⚠️ Found this chart from the recent Binance research report quite helpful.
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@Mega_Fund
David Alexander II
1 year
Daily L2 volumes steadily gaining traction, roughly 2.5M vs. 1M on mainnet, with Arbitrum and zkSync leading the way. As $ETH fees increase, however, activity will migrate to ORUs and later to ZKs, not to some "low-cost", "EVM-compatible" Layer 1.
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@Mega_Fund
David Alexander II
1 year
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@Mega_Fund
David Alexander II
1 year
Relatively low volume caused maximum long damage. Sub-$1880 $ETH sounds delicious to begin accumulation, let's see if we can get another 5-10% discount fill 😈
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@Mega_Fund
David Alexander II
1 year
Grateful for another trip around the sun and for all that I have 🙏
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@Mega_Fund
David Alexander II
1 year
Incredible win for the @ConsenSys zkEVM team on the official launch of Linea 💪 Along with a novel prover design, one of the most powerful features of @LineaBuild is that it enables dApps to be built seamlessly, with EVM equivalence, and made directly accessible in @MetaMask
@LineaBuild
Linea
1 year
✨Linea✨ is now available to any developer, user, and protocols. We couldn't have done it without our partners and private beta testers! Fast facts for how you can use, build, and explore ✨🧵👇
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@Mega_Fund
David Alexander II
1 year
Let's take $LDO on a nice little ride down 😈
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@Mega_Fund
David Alexander II
1 year
The divergence in daily address activity between @arbitrum and @optimismFND has become increasingly significant over the last month. Interestingly, however, daily addresses on Arbitrum are now on par with @solana , despite settling only ~1M transactions per day vs 24M+ on Solana
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@Mega_Fund
David Alexander II
1 year
Meanwhile, the original VC "ETH killer" in the FIGHT OF ITS LIFE right now. $sol : $eth falling to its lowest levels since December 2022. Don't worry, Firedancer, Wormhole + Pyth integrations, EVM-equivalence, and much more on the way!
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@Mega_Fund
David Alexander II
1 year
Much appreciated and thank you for attending @rorara_lens 🙏
@galala_eth
Gala 另维
1 year
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David Alexander II
1 year
Centralized exchange outflows ramping up: over $450M worth of digital assets exiting within the last 24 hours. Self-custody is 🔑😈
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@Mega_Fund
David Alexander II
1 year
Nice way to close out the week, with net inflows of $ETH deposits increasing over 830k, up 4.5% in the last 7 days. Wait until institutional-friendly liquid staking solutions and restaking arrive.
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@Mega_Fund
David Alexander II
1 year
Spent my afternoon exploring the @eigenlayer testnet and restaking the little $GETH I have left in my MetaMask burner whilst other "VCs" were focused on L2 ZKPs built on Move and play-to-earn Web2.5 games designed for 2011 mobile devices. We're just built differently 😈
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@Mega_Fund
David Alexander II
1 year
Blend is a permissionless, peer-to-peer NFT lending protocol that improves many of the shortcomings facing existing designs. Overall it enables perpetual loans with market driven interest rates and no oracle dependencies. It also powers $BLUR with a secondary objective function
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@Mega_Fund
David Alexander II
1 year
A rough few months for NFTs, with @blur_io singlehandedly carrying the market and @opensea falling off a cliff. Imagine if we abstracted wash trading or took away trading incentives. Don't worry, keep holding! 😈
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@Mega_Fund
David Alexander II
1 year
Over $9.6B TVL on $ETH L2s, approaching all-time highs reached in April ($10.6B) following the $ARB airdrop. And we haven't even gotten started with @LineaBuild , @BuildOnBase or @Scroll_ZKP . Keep this in mind the next time you try to sell me some nonsense "modular" L1/L2, lil bud
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@Mega_Fund
David Alexander II
1 year
TVL on the @Uniswap deployment to BNB recently accelerated to over $90M (up 500%+). However, $77M of this is from "UNITED INFORMATION TECHNOLOGY PROJECT" $UITP. More specifically, this pool is comprised of $77M $UITP with just $19k $USDT
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@Mega_Fund
David Alexander II
1 year
Whom is funding this nonsense? Just the right blend of top level "VC buzzwords" to attract retail and weaker VCs to the slaughter. Yes, let us "disrupt" traditional "Web2 revenue models" with "on-chain Web3 NFTs." We're more than halfway to 2024, WAKE UP!
@CoinDesk
CoinDesk
1 year
. @a16z and @snoopdogg are part of @soundxyz_ ’s $20 million fundraise to help decentralize artist income within the music industry. @camgthompson reports:
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@Mega_Fund
David Alexander II
1 year
Nice little 2 year look back at $ETH exchange balances: we went from 29.3M $ETH stored on exchanges in May 2021 to just 17.3M today. This represents a change of 41% and outflows of over $22B. No need to store your assets on an exchange, self-custody is 🔑 More work to be done 😈
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@Mega_Fund
David Alexander II
1 year
I look at 100s of new projects every month, and I haven’t been this excited in a while. UI/UX is one of the biggest challenges in the wallet space and @CupOJoseph solves it in a very intuitive, and interactive, way. So much potential here, can’t wait to see what’s next 💪
@CupOJoseph
JOSΞPH 🍩
1 year
Announcing Game Wallet 👾 Turn any GameBoy into a secure offline cold wallet. Sign up to be notified when sales start:
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David Alexander II
1 year
Shoutout to @rleshner ( @robotventures ). Despite having a direct investment in @LayerZero_Labs , the choice was made to support the community rather than simply follow a personal financial interest. Exemplary leadership 🤝
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@Mega_Fund
David Alexander II
1 year
Less than 3 weeks into May and we've already seen the highest monthly $ETH staking deposits ever. Right after setting the previous record in April. During this month, however, the largest daily deposit volume was only 7,300 $ETH (~$13M). Buckle up, we're just getting started.
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@Mega_Fund
David Alexander II
1 year
Fast-forward 2 weeks: TradFi money signals it's incoming and stablecoins come FLYING back on to exchanges. Over $1.4B of net inflows in one day, the highest volume all year. Total stablecoin balance is now up 11% during this time, moving from $19.7B to $21.8B
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@Mega_Fund
David Alexander II
1 year
Over the last 6 weeks, $2.1B worth of stablecoins have left exchanges, down 14% since May and down 48% YTD. Liquidity continues to be at a premium and buying power is approaching new yearly lows.
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@Mega_Fund
David Alexander II
1 year
Huge congrats to @eigenlayer and well-deserved. Truly one of the best- and most humble - teams in the space and a project that I've been deeply interested in for a while. Ultimately, EigenLayer's restaking mechanism will become the most important blockchain application this year.
@eigenlayer
EigenLayer
1 year
Happy to announce that EigenLabs, the team behind the initial development of the EigenLayer protocol, has raised $50 million in a Series A round led by @blockchaincap
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David Alexander II
1 year
Amateur VC: "they're building a Move VM on Tendermint that will create efficiencies like on-chain order books, surely their $120M valuation is reasonable! Mega: 97%+ ($72B) of all DeFi liquidity is built on EVM. Enjoy!
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David Alexander II
1 year
Some of the strongest $sol buying action all year. Whomst is buying this slop during the long holiday week? Don't get caught out of position 😈
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David Alexander II
1 year
Congrats @JoelEmbiid No one does it better 😈🤝
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@Mega_Fund
David Alexander II
1 year
Had an amazing time at the 2023 Harvard College China Forum - truly incredible speakers and insightful dialogue. Honored to speak about the future of blockchain with @yidagao @kjweb3 @herbiefu @Potterlee222 @0xbobateas Thank you for having me @HarvardChina 🙏
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@Mega_Fund
David Alexander II
1 year
It was an absolute pleasure to speak about the evolution of token design, the lessons learned, and some of the more promising models being developed. Thank you @thomasrush @LimarisT @goforlindsey @DAOstrategy for all of your insights and thank you @CUBlockchain for having us! 🙏
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David Alexander II
1 year
Pretty wild activity on Blend, with nearly 10,000 $ETH ($18.7M) in total loan volume within the first 24 hours of launching. This is more volume in one day than top NFT lending protocols like Arcade, NFTfi, and BendDAO have ever realized in a week, combined.
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@Mega_Fund
David Alexander II
1 year
V rare @monad_xyz pickup 😈
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@Mega_Fund
David Alexander II
1 year
Incentivized delegation is a fundamental component of DAO governance. As the landscape matures, participation improves, and the stakes get higher, the system becomes more complex. @butterymoney is building a base layer that can be integrated into any governance structure 🧈
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@Mega_Fund
David Alexander II
7 months
1/ This past week @coinbase Prime had over $9.7B in daily inflows, its largest ever. The platform functions as a a full-service prime brokerage that enables institutions to custody assets and execute trades at scale.
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@Mega_Fund
David Alexander II
1 year
Absolutely insane $TOMO volume shortly after their strategic raise (announced 5/25). $131M trading volume on the day, an increase of 1160%+ over the last 24 hours, and the most since August 2022.
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@Mega_Fund
David Alexander II
1 year
Just as TradFi interest lurks at the door and the possibility of a successful ETF looms above, we see the largest institutional net inflow all year. $200M returning to the ecosystem after 9 consecutive weeks of net outflows. $187M in $BTC, less than $8M in $ETH
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@Mega_Fund
David Alexander II
1 year
Thank you for the invite 🙏
@CUBlockchain
Cornell Blockchain
1 year
Another packed house for the Token Design 2.0 Panel at Cornell Blockchain Conference 👨🏻‍💻👩🏽‍💻 Thank you @Mega_Fund , @LimarisT , @Thomas_Rush_ , @goforlindsey and Cam O’ Donnell for the illuminating discussion on #Tokenomics ⚡️
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@Mega_Fund
David Alexander II
1 year
Many “VC investment theses” are often driven by data like active addresses without further context. Here’s a very easy example of when that sort of thinking gets stomped into oblivion. The quality of network activity and what users are doing matters 😈 h/t @Artemis__xyz
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@Mega_Fund
David Alexander II
1 year
The Ultra Sound relay is operating at a very high level, and has quietly become the leader in MEV-Boost market share in a relatively short space of time. All while being credibly-neutral and permissionless. Excellent work from @drakefjustin @ethereum 🦇🔊
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@Mega_Fund
David Alexander II
1 year
Bitcoin miners have two sources of revenue: block subsidies and transaction fees. Transaction fees now account for over 16% of total miner revenue, the highest level since 2018, thanks largely to the continued surge of inscriptions. Let's build some wallets and infra 😈 $BTC
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@Mega_Fund
David Alexander II
1 year
Amazing time speaking about blockchain data, the challenges, the tooling, and what’s next @harvard_crypto 🤝
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@Mega_Fund
David Alexander II
1 year
Assuming the $7.3B number is correct, this would mean that roughly 65% of user deposits have been recovered. $FTT
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@zerohedge
zerohedge
1 year
BANKRUPT CRYPTO EXCHANGE FTX HAS RECOVERED $7.3 BLN IN ASSETS - ATTORNEY
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@Mega_Fund
David Alexander II
1 year
One obvious, perhaps overlooked, angle to keep in mind when examining $ETH withdrawal activity is that the SEC commanded Kraken to cease its staking program back in February. In turn, this particular event is responsible for over 41% of the exit queue thus far h/t @robplust
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@Mega_Fund
David Alexander II
1 year
Liquid staking $ETH deposits continue to gain momentum and have now reached their highest daily volumes since February (when over 150,000 $ETH was deposited into $LDO in one day). $LDO remains the dominant choice, followed by $cbETH. Expect changes as competition increases
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@Mega_Fund
David Alexander II
1 year
Despite more than 458,000 $ETH in queue to be withdrawn by Kraken alone over the next 4 days, net deposits remain relatively strong. One thing to keep in mind is the entry of users (particularly institutions) that would not or simply could not stake given the lack of withdrawals
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David Alexander II
1 year
With rumors of FTX possibly reopening, we're now seeing the largest 4 hour buying volume of $FTT since July 2022. Just imagine ever using that toxic cesspool slop again LOL
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@Mega_Fund
David Alexander II
2 years
Had a chance to research @eigenlayer , a project I've been interested in for a while. One of its most powerful features is the restaking primitive, which enables users to restake their $ETH and extend cryptoeconomic security beyond ETH @sreeramkannan 🤝
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@Mega_Fund
David Alexander II
1 year
Over 30,000 $ETH withdrawn thus far during the first few hours of Shapella, and much more to come. Pro-tip: this is expected. Yet as retail/“TradFi” see 250,000+ withdrawn in the coming days, it will push net deposits down and drive downward pressure on price. Tread carefully.
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@Mega_Fund
David Alexander II
1 year
One of the next layers of the post-Shapella era will be around the liquidity and capital efficiency of $ETH liquid staking tokens. Enabling users to freely swap between all of the existing, and upcoming, LSD tokens with minimal friction and slippage is fundamentally critical
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David Alexander II
1 year
Honored to be speaking at the 2023 Harvard Blockchain Conference April 1-2 @harvard_crypto . An absolute all-star lineup with some of the very best in the space from L1s, L2s, DeFi, regulation, bridging, and novel mechanisms like @eigenlayer restaking @arbitrum @0xPolygonLabs
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David Alexander II
1 year
Back-to-back days of $40M+ of $BTC net short liquidations as users were caught out of position heading into Shapella. My sense is that $BTC is currently viewed with less implied risk and as the preferred digital asset against $ETH volatility in the upcoming days. Tread carefully.
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@Mega_Fund
David Alexander II
1 year
Net outflows are now approaching 500,000 $ETH ($1B) over the last 24 hours. Again, this is expected and will accelerate, as more validators update withdrawal credentials. One particularly interesting aspect, however, is the difference between principal and reward withdrawals
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@Mega_Fund
David Alexander II
1 year
Over 30,000 $ETH withdrawn thus far during the first few hours of Shapella, and much more to come. Pro-tip: this is expected. Yet as retail/“TradFi” see 250,000+ withdrawn in the coming days, it will push net deposits down and drive downward pressure on price. Tread carefully.
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David Alexander II
1 year
Airdrops, when designed correctly, are one of the most powerful mechanisms in token engineering. Yet they remain largely underutilized. Fast-forward 6 weeks, and @blur_io is absolutely OBLITERATING @opensea marketshare, thanks in part to a fantastic airdrop design 🤝 $blur
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@Mega_Fund
David Alexander II
1 year
Blur has devised truly one of the most innovative, and decidedly clever, airdrop mechanism designs thus far. Now users are incentivized not only to use @blur_io , but to NOT use competitors like @opensea & @LooksRare . In return, a higher EV is ascribed to the user's $blur airdrop
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David Alexander II
1 year
A simple, yet important, metric to consider is the overall $ETH staking rate. Currently, only 15% of the circulating supply of $ETH is staked. This is significantly lower than other PoS chains, such as $MATIC (38%), $ATOM (69%), and $SOL (72%). Expect this to accelerate soon
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David Alexander II
1 year
Just a nice little $10M raise at a $250M valuation to build an "AI-focused ZK L2" solution for payments, gaming, social, education, fitness, dating, and more! And with an active token, $GPT! Every bozo VC in the space: "HOW DO WE INVEST??" Mega: "Where can I short? 😈
@CoinDesk
CoinDesk
1 year
EXCLUSIVE: Zero-knowledge layer 2 blockchain @CryptoGPT_org has cashed in on the recent surge in interest around AI to raise $10 million in funding. By @JamieCrawleyCD .
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