GM Digest #453 — AI Agent Memecoin Dip
Good Morning with Valuable Alpha / News
Contango v3
• Contango v3 introduces a novel price discovery mechanism through Continuous Double Dutch Auctions (CDDA) to address the limitations of blockchain scalability in terms of message volume.
• Traditional vertical scaling of blockchains to handle increased transactions is insufficient, even at theoretical maximums like 100,000 transactions per second (TPS) for MegaETH, compared to the NYSE's average of 85,000 TPS. Horizontal scaling, while feasible, would fragment markets, reducing efficiency.
• Contango v3 focuses on reducing message volume inherently with its auction model, maintaining a shared network for various asset classes. • Contango v3 is not just about trading but creating a flexible platform for on-chain financial activities, from leveraging staking to managing lending market risks, all through an intuitive interface that caters to both novice and professional traders.
Scroll Sessions 2
• @Scroll_ZKP is launching Scroll Sessions 2 right after Airdrop 1 concludes. Users can earn Marks through liquidity contributions in Scroll's ecosystem on whitelisted assets and there will be marks boosts for LPing on DEXs
• There is also ‘Scroll Open’ which will reward builders with $SCR token grants, recognizing projects that drive real value in the ecosystem
Introducing Prospect Sports
• @Prospect_Labs is a mobile fantasy sports platform on Abstract Chain, where users can buy, trade, and stake Athlete NFTs to earn $PROS based on real-life sports performance
• Using the Proof-of-Performance (PoP) protocol, the platform converts real-time sports data into rewards for staked NFTs
• Unlike traditional sports collectibles, Prospect ties the value of NFTs directly to athletes' performance, offering multi-sport staking and trading
Introducing TrueMarkets
• @Truemarketsorg is a decentralized prediction market that lets users forecast real-world events by trading on the odds of potential outcomes
• It operates as a binary market where users buy YES or NO tokens based on perceived probabilities. When an event is resolved, the correct token is redeemable, and the opposing one expires worthless
• The platform relies on its oracle for truthful resolutions, supported the community
• They are also raising funds through the 5000 Truth Seeker NFTs which are available until Nov 1, each one offering holders 8000 $TRUE tokens at the token generation event
Hypercasual Finance
• @HanaNetwork introduces "Hypercasual Finance," blending social network effects with finance in an interactive, user-driven environment
• Unlike traditional centralized exchanges (CEX), Hypercasual Finance allows users to earn rewards and engage through platforms like Twitter and TikTok
• Hana Network focuses on real-time, interactive mobile experiences and peer-to-peer funding, lowering barriers for new users, especially in developing regions
ApeChain Live
• @apecoin announced that ApeChain is live with dApps live on the chain
• Users can now bridge to ApeChain to start earning native yield on $APE, ETH and stablecoins
• The team also announced that their core user incentive program will also be going live
AI Agents / AI Memecoins Dips
• $VIRTUAL, $GOAT both dipped by about 10%
• $GNON dipped by 25%
• $LUNA dipped by 47%
• $GMIKA dipped by 21%