Weekly Recommendations | Incomplete List of Dead Projects in the Crypto Industry for 2022; a16z's Letter to Regulators
This week's 11 recommended articles in the cryptocurrency industry.Organizer: Cookies, ChainCatcher
Recently, the crypto data website RootData released a project compilation titled 《List of Dead Crypto Projects in 2022》, which includes 96 crypto projects that died this year. These projects had specific products but ceased operations for various reasons, and this list reflects the development status of the crypto industry to some extent. Among these projects, 28 had received funding, with a total amount of $3.605 billion raised. These bloody cases are worth deep reflection by the industry, and this article will review these crypto projects that died in 2022.
2. 《The First Five Years of MEV: Past and Future》
This article is a narrative history of MEV written by James Prestwich, founder and CTO of Nomad. Five years ago, he introduced MEV to the Ethereum narrative, and five years later, as he writes this article about MEV, it still feels a bit unreal. We are once again at the beginning of a long bear market, deeply mired in the aftermath of the last speculative frenzy.
3. 《Lyn Alden Year-End Summary: A Critical Study of DeFi, Is DeFi Really the Future?》
After the collapses of Luna, Celsius, Voyager, 3AC, and FTX/Alameda, many analysts in the crypto industry have stated that DeFi is a potential solution. This article analyzes this viewpoint, acknowledging that DeFi has certain opportunities but also providing a rather critical evaluation of the current state of the entire industry. Additionally, the article touches on other concepts in the cryptocurrency industry, including Web3, NFTs, tokenized securities, and the broader issue of cryptocurrencies created with no purpose other than to enrich founders.
4. 《The View of Crypto OGs on 2023: DEX, Cross-Chain, Bitcoin Payments, Self-Custody Wallets, etc.》
NFTs will gain more utility and become the cornerstone of Web3. With highly anticipated blockchain games set to launch in 2023, we can see the next opportunity to attract a new generation of crypto users. After the FTX collapse, as cryptocurrency investors turn to self-custody, people will come to understand the true value of Bitcoin, beyond just hype and price speculation. With the stricter regulations triggered by the FTX collapse, Caroline Bowler of BTC Markets believes that cryptocurrency could become mainstream within the next 18 months. 2023 may be a year for decentralized exchanges and more advanced cross-chain applications.
5. 《Deep Dive into the Web3 Data Space: Landscape, Layers, and Future of User Data》
The Web3 data space will be crucial for the new order and shows immense development potential. From an entrepreneur's perspective, decentralized networks are open, permissionless distributed databases. When it comes to data, there are many scenarios that need servicing. If you choose one of them, you will likely be able to develop and grow in the world of Web3. Today's article will discuss the structure of the Web3 data sector, typical players in the existing Web3 data space, and future development trends.
At any given point, you can consider the valuation of blockchain platforms to be determined by three aspects: adoption and usage, platform moats, and crypto market conditions. This article provides a rigorous analysis of the actual market cap and model-predicted market cap for 12 major public chains. The same framework can also be used to evaluate other blockchain projects.
7. 《A Letter from a16z to Regulators: How Should DeFi Be Properly Regulated?》
This article is a commentary letter written by a16z for the Financial Stability Board (FSB) on the theme of "International Regulation of Crypto Asset Activities," mainly divided into three parts: the first discusses the differences between DeFi and CeFi, and how an appropriate DeFi regulatory framework should involve regulating Web3 applications rather than Web3 protocols (regulating businesses, not software); the second discusses the importance of privacy; and the third warns against creating overly strict regulations, as these could result in prohibiting well-functioning and over-collateralized algorithmic stablecoins.
8. 《2022 On-Chain Highlights: 6 Amazing Numbers》
2022 was far crazier on-chain than ever before, with single liquidations exceeding $60 million and transfers over $5.3 billion. Coinbase's strategic director Conor Grogan reviewed six "largest" events on-chain in 2022, such as the largest amount of hacking incident on March 23 when Ronin Bridge was attacked, with attackers stealing approximately $650 million.
At any given point, you can consider the valuation of blockchain platforms to be determined by three aspects: adoption and usage, platform moats, and crypto market conditions. This article provides a rigorous analysis of the actual market cap and model-predicted market cap for 12 major public chains. The same framework can also be used to evaluate other blockchain projects.
10. 《DefiLlama 2022 DeFi Year-End Review: Innovation and Challenges Coexist》
In 2009, when Satoshi Nakamoto showcased blockchain to the world, cryptocurrency was the first use case. Bitcoin proved that blockchain could be used to demonstrate true ownership of digital currency. More than a decade after Bitcoin's launch, DeFi is proving that blockchain has many other use cases. It has now evolved into a multi-billion dollar global industry, impacting hundreds of thousands of consumers. This report aims to provide a comprehensive data-driven view of DeFi for those who want to gain a deeper understanding of the industry.
11. 《Web3.0 Underlying Language: What Does Move Address That Solidity Lacks?》
Why is the Ethereum ecosystem based on Solidity so vast, yet the market still has new expectations for new public chains? Move, developed by a major company (Meta), is widely regarded in the industry, and some early public chains developed based on the Move language have gained market favor and capital attention. For richer applications in Web3, the evolution of underlying languages is fundamental. What advantages does Move have, and what shortcomings of Solidity does it address? Based on these characteristics, the Move ecosystem may give rise to new models and applications.
