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#24 The Sixth Sense (20th July - 26th July'23)

#24 The Sixth Sense (20th July - 26th July'23)

Your daily dose of on-chain alpha.

The Sixth Sense
July 26, 2023

Welcome to the 24th issue of The Sixth Sense. Let’s dive into the major events, catalysts, narratives brewing in the on-chain ecosystem.

On-chain Metrics, statistics and standings

TVL (in the on-chain ecosystems) is $48.6(decreased):

^(Source:^{https://defillama.com/chains}⁾

Big Unlocks on the horizon:

^(Source:^{https://defillama.com/unlocks}⁾

Ethereum Money Supply decreased by 721 ETH in the last 24 hours because of low demand on the mainnet:

^(Source:^{https://ultrasound.money/}⁾

Moving on to the major events in the on-chain economy:

Unibot Gains Popularity Among Crypto Traders as Telegram Bot Tokens Approach $100M Market Cap

.@telegram-based trading bots, such as @TeamUnibot, are quickly attracting scores of crypto traders, allowing their users to punt on tokens just as easily as they would send messages to each other on the popular messaging app. By @shauryamalwa.
— CoinDesk (@CoinDesk)
7:35 AM • Jul 20, 2023

Polygon zkEVM Testnet Launches First Shared Sequencer Technology, Allowing Open Access to External Nodes:

Polygon zkEVM Testnet Launches First Shared Sequencer Technology, Allowing Open Access to External Nodes
— Leviathan News (@leviathan_news)
5:35 PM • Jul 20, 2023

UniswapX to add whitelisted, centralized RFQ system for fulfilling orders

Buried deep in the UniswapX docs—behind the public messaging of a "permissionless" protocol—is a completely centralized, permissioned, opaque, off-chain RFQ system.
Let's take a look at how it works.
— defi guy 🔥🦅 is at EthCC (@0xShitTrader)
4:42 PM • Jul 19, 2023

Avalanche native DEX Trader Joe migrating to Ethereum:

Time for a new chapter.
— Trader Joe (@traderjoe_xyz)
7:01 PM • Jul 18, 2023

Brussels selected as location for EthCC 2024

The news is out - EthCC will take place in Brussels in 2024! 🖤💛❤️
Time for a pilgrimage to the in-between town of Eth? 😉
— EthCC - Ethereum Community Conference (@EthCC)
2:50 PM • Jul 20, 2023

First Aave GHO liquidity pools launch on Balance

On your marks, get set... $GHO!
@AaveAave's new decentralized stablecoin @GHOAave has burst onto the scene and is primed to fuel one of DeFi's most powerful collaborations.
A 🧵
— Balancer (@Balancer)
3:30 PM • Jul 20, 2023

Utopia Labs launches business USDC bank transfers, to enable smooth crypto offramping to any US bank account

Announcing USDC Bank Transfers for Businesses.
Send USDC to any US bank account - available to entities in all countries 🌎.
↳ Pay service providers in crypto
↳ Pay office rent in crypto
↳ Pay your mom in crypto
Pay 𝒍𝒊𝒕𝒆𝒓𝒂𝒍𝒍𝒚 anyone who has a US bank account 🧵👇.
— Utopia (@utopialabs_)
7:06 PM • Jul 20, 2023

Fantom CEO Michael Kong hires legal counsel after Multichain announces shutdown and CEO's arrest

Fantom CEO Michael Kong hires legal counsel after Multichain announces shutdown and CEO's arrest
— Leviathan News (@leviathan_news)
12:46 PM • Jul 21, 2023

Wormhole announces Wormhole Gateway, broadening access and bringing liquidity to the Cosmos ecosystem:

Introducing ✨✨Wormhole Gateway✨✨ - an application-specific blockchain, powered by the @cosmos SDK.
Gateway’s purpose is to help broaden access (and bring liquidity) to the Cosmos ecosystem while also improving Wormhole’s security and sovereignty.
— Wormhole🌪 (@wormholecrypto)
10:32 AM • Jul 21, 2023

Maker DAO has proposed implementing Enhanced DSR to incentivize $DAI utilization

Request for GOV12.1.2 edit to the stability scope to quickly implement Enhanced DSR

I just posted one of the edits I am proposing for next month’s governance cycle, which introduces the Enhanced Dai Savings Rate (EDSR). The Enhanced Dai Savings Rate is a system to temporarily increase the effective DSR available to users in the early bootstrapping stage when DSR utilization is low. The EDSR is determined based on the DSR and the DSR utilization rate, and decreases over time as the utilization increases, until it eventually disappears when utilization gets high enough. EDSR is...

forum.makerdao.com/t/request-for-gov12-1-2-edit-to-the-stability-scope-to-quickly-implement-enhanced-dsr/21405

Decentral Games is voting to sell Decentraland Land held in its treasury:

Snapshot

snapshot.org/#/decentralgames.eth/proposal/0x1a4d5a32f4663f18fc4d9a887e6f9b85081ea25107698a16904401bc0f07c4a3

Aave DAO discusses how to split veBAL voting weight to incentivize upcoming $GHO liquidity pools:

[ARFC] GHO Liquidity Pools: Primary Pools Initial Strategy

title: [ARFC] GHO Liquidity Pools: Primary Pools Initial Strategy author: @TokenLogic - @Dydymoon & @MatthewGraham created: 2023-07-20 Summary This publication presents the community with an initial repartition of the veBAL gauge weight power to different GHO primary liquidity pools Additionally to the DAO voting power, several ecosystem members expressed interest in supporting GHO, pushing the estimated voting power up to ~ 7,7% of the veBAL voting supply. Motivation Following on from a ...

governance.aave.com/t/arfc-gho-liquidity-pools-primary-pools-initial-strategy/14071

Gitcoin's Layer 2 'Public Goods Network' goes live on mainnet:

Gitcoin's Layer 2 'Public Goods Network' goes live on mainnet
— The Block (@TheBlock__)
10:06 AM • Jul 26, 2023

Aptos new user growth hits 900% after integrating social media app, Chingari powered by Solana

Previously powered by Solana, Chingari's activity has surged since its migration to the Aptos network.
— Cointelegraph (@Cointelegraph)
3:16 PM • Jul 20, 2023

Gains Network shares its tokenomics plan for Q3 2023

Gains Network contributors and community representatives have agreed on a plan to fully align incentives around the $GNS token for the protocol to reach its highest potential. 🍏
Today, we're excited to share that plan and hear from the community:
— Gains Network 🍏 (@GainsNetwork_io)
6:44 PM • Jul 20, 2023

Aurory announces cross-platform integration beginning with Arbitrum

Our first cross-platform integration begins with @arbitrum 🤝
This marks the beginning of our journey to reach millions of users across various ecosystems.
Read on for more info 🧵
— Aurory (Play Now) (@AuroryProject)
5:55 PM • Jul 25, 2023

Institutional liquidity platform, Paradigm, will incubate decentralized perp appchain, Paradex

Pendle receives Mantle ecosystem grant to build on the network

Pendle to the Mantle 🚀
We're excited to share that Pendle is a proud recipient of the @0xMantle Ecosystem grant!
With this, we'll be going full speed ahead to bring the power of yield management to Mantle, seeding and nurturing an #LSD economy within the ecosystem 🌱… twitter.com/i/web/status/1…
— Pendle (@pendle_fi)
12:59 PM • Jul 25, 2023

LayerZero surpasses 50M cross-chain messages:

— LayerZero Labs (@LayerZero_Labs)
3:08 PM • Jul 25, 2023

Starknet’s Quamtum Leap upgrade is live

MOARRR TPS DADDY STARKNET MAINNET QUANTUM LEAP 0.12.0 🔥🔥🔥🔥
👉👉LIVE ON MAINNET 👈👈
— Starknet ✨️🐺 (@Starknet)
9:39 AM • Jul 12, 2023

Starknet unveils 'appchains' framework, eyeing multi-chain ecosystem

Starknet unveils 'appchains' framework, eyeing multi-chain ecosystem
— The Block (@TheBlock__)
11:25 AM • Jul 19, 2023

Worldcoin announces the transition of its World App to OP mainnet:

World ID & World App are now on OP Mainnet ⚪🤝🔴
http
— Worldcoin (@worldcoin)
1:04 PM • Jul 20, 2023

Arbitrum announced its own Foundation Grants program.

2/6 Ecosystem Developments:
The 1st phase of the Arbitrum Foundation Grants Program is live, open to One and Nova's dApps and infrastructure!
twitter.com/arbitrum/statu…
AIP-2 has officially passed! Learn more about Account Abstraction and its benefits
— Arbitrum (💙,🧡) (@arbitrum)
10:33 PM • Jul 21, 2023

Neon EVM launches to support Ethereum apps on Solana

Exciting news! Our mainnet has officially launched on @solana Discover more at @TheBlock__
#NeonEVM#Solana#Etherum
— Neon EVM (@Neon_EVM)
6:50 PM • Jul 17, 2023

Uniswap founder Hayden Adams suffers Twitter breach:

ICYMI: Uniswap founder Hayden Adams suffers Twitter breach
— The Block (@TheBlock__)
3:51 AM • Jul 21, 2023

Senate bill would tighten money laundering and sanctions rules for DeFi

Senate bill would tighten money laundering and sanctions rules for DeFi
— The Block (@TheBlock__)
4:37 PM • Jul 19, 2023

Good Reads:

Transform your crypto journey:

𝐓𝐡𝐢𝐬 𝐥𝐚𝐬𝐭 𝐰𝐞𝐞𝐤 𝐈 𝐟𝐨𝐮𝐧𝐝 𝐭𝐫𝐞𝐚𝐬𝐮𝐫𝐞 𝐭𝐡𝐚𝐭 𝐡𝐚𝐬 𝐭𝐫𝐚𝐧𝐬𝐟𝐨𝐫𝐦𝐞𝐝 𝐦𝐲 𝐜𝐫𝐲𝐩𝐭𝐨 𝐣𝐨𝐮𝐫𝐧𝐞𝐲:
Here’s a taster:
- The art of longing cults
- A mega airdrop strategy
- 50 on-chain research tools.
- Tips to stop the next alt-coin.
👇… twitter.com/i/web/status/1…
— hoeem (@crypthoem)
8:01 PM • Jul 25, 2023

An excellent thread on Arbitrage:

The arbitrage thread.
How kings are made.
— Stephen TCG | DeFi Dojo (@phtevenstrong)
12:24 AM • Jul 26, 2023

Easiest way of finding alpha in crypto :

Most people think finding alpha in crypto takes 10,000 hours.
It can, but I aggregate it for you so you can digest it in 10 minutes.
What you’ll get out of this thread:
• News roundup
• Alpha aggregation
• Technical roundup
Let’s dive in: 🧵 👇🏻
— hoeem (@crypthoem)
5:05 PM • Mar 26, 2023

Every single opportunity you’ve missed on Ethereum is coming to Bitcoin.

Every single opportunity you’ve missed on Ethereum is coming to Bitcoin. 👇🧵
— Good (@atgoodm)
12:38 AM • May 19, 2023

TwitterX can be huge:

X isn't just a rebranding of Twitter
It's a total paradigm shift
If you were shocked by Twitter's changes from the last few months, wait until you see what's next
Here is what X looks like 10 years from now:
— NFT God (@NFT_GOD)
7:15 PM • Jul 25, 2023

And that’s a wrap for the today. The Sixth Sense is a reader supported project. Consider subscribing to our newsletter to receive our daily dose of alpha in your inbox.

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