GM Digest #367 — TON TON TON
Gm with Valuable Alphas / Insights — Make Sure to DYOR. All of This is Not Financial Advice. Ape at Your Own Peril
Chainbase Raise
• @ChainbaseHQ has raised $15M in Series A funding from top-tier investors to advance their mission of making on-chain data accessible and useful for AI
• The funding will support the launch of the Open Chainbase Network, a decentralized data layer for AI, and the Crypto World Model to bring intelligence to crypto
• Key goals include unifying blockchain data, enhancing their developer platform, and enabling mass adoption of on-chain data through natural language interfaces
BTC on TON
• @ton_blockchain is launching TON Teleport BTC, a trustless bridge enabling secure Bitcoin transfers to the Telegram-linked network for DeFi use
• This bridge will allow Bitcoin holders to engage with DEXes, lending platforms, and other DeFi applications within the TON ecosystem while ensuring their Bitcoin remains fully backed and secure
ZetaChain's Gateway
• @zetablockchain introduces Gateway and Localnet to improve DevX for Universal Apps, which are smart contracts on ZetaChain’s EVM connected to any blockchain
• These apps can manage multi-chain assets and transactions without requiring users to switch networks
• The new hub-and-spoke model simplifies scalability, maintenance, and liquidity management compared to point-to-point messaging
• Gateway centralizes app interactions, enabling complex multi-step operations across chains
• ZetaChain aims to provide universal blockchain connectivity, supporting unified liquidity and interoperability
Linea Meme Carnival
• @LynexFi’s Linea Meme Carnival is underway, with projects $LINUS, $NWG, $WEF, $LUCIA, $LINDA, $BULL, and $HOTDOG competing
• The event features creative challenges and community voting, starting the first round on Jul 24
• The voting system uses $veLYNX tokens, with top memes earning bonus XP
Good Entry Sunset
• @goodentrylabs announced that they will be shutting down and have released a post mortem
• The team noted that upon TGE, airdrop farming ended and many users disappeared. The remaining users were exploiting mispriced volatility and their algos could not update vol fast enough to markets unlike orderbooks on Deribit
• The team tried finding successful LP strats and updated product with OI penalties but couldn’t overcome issues relating to the pay-as-you-go models
• Other findings by the team were that users were no longer interested in legacy markets, pricing LP token volatility through lending proved unsuccessful due to complexity and retail user confusion, on-chain options failed generally and that options were too expensive in stable conditions and too cheap during volatility
Ton x Animoca x MOCA
• @ton_blockchain and @animocabrands have entered into a strategic partnership and have agreed to create a $20m MOCA Coin and Toncoin reserve which will be used to incentivize developer and user adoption of the TON ecosystem through joint incentives like The Open League, hackathons, and accelerator programs
• TON Foundation and MOCA Foundation will utilize go-to-market and token resources to facilitate user cross-pollination across the foundations’ respective ecosystems. With this partnership, Animoca Brands and Mocaverse will actively promote the benefits of launching and integrating with the TON blockchain for their partners developing gaming projects
Misc News
• Project @archetype_blue beta is now live
*Reminder to Size Your Entry for Degen Plays and Take Your Principal Out (Take Profits) Whenever You Hit Your Target*