Flashbots Becomes Unicorn 🦄

GM. This is Degen Scoop. It’s Wednesday, here’s the scoop:

• Flashbots Becomes Unicorn 🦄

• Avax Launches $50M Program 💰

• Binance Releases RWA Report 📝

• Whale Moves 🐋

• Threads You CAN’T Miss 🧵

Flashbots Become Unicorn After Completing New $60M Raise

Flashbots is a startup that focuses on research surround MEV, otherwise known as miner (or maximal) extractable value. This is a high level topic that we’d suggest reading into when you’re more comfortable as it has implications across all blockchains. This raise was completed so that the company could have additional funding to build out its SUAVE platform.

SUAVE is the newest creation by Flashbots whose greatest aim is private transactions at a cheaper price. The completion of this Series B goes to show not only of the importance of Flashbots services on-chain, but the recognition of its services off-chain as well. We are eager to see SUAVE get finished and become an integral piece of crypto infrastructure.

Avalanche Launches $50M Vista Growth Initiative

While a good product is great for any blockchain, it ultimately comes down to the users of said blockchain. Attracting these users is always easier said than done which is why chains will invest in marketing initiatives such as Vista. This initiative will focus on investing in tokenization of anything on the Avalanche blockchain.

RWAs are becoming a more popular subject and we fully expect tokenization to occur in other verticals as well. For example, Blockbar (not sponsored but we’ll happily take your money) tokenizes alcohol which is but one idea behind tokenization. The Avalanche Foundation clearly recognizes how open it is to begin investing in tokenization in areas that have yet to do so and capitalize on the first mover advantage.

Binance Releases State of The Market on RWAs

As discussed in the previous story, RWAs are a killer implementation of crypto for the tokenization of real world assets (RWAs). There are plenty of products that are ready to be tokenized for ease of use. Despite relatively low usage as of today, Binance expects RWAs to grow to a $16T market by 2030. We would like to see this number but are doubtful; hopefully we are wrong.

We are beginning to see more on-chain usage of RWAs with protocols like Maker or Ondo Finance (T-bills) leading the charge. The report is 25 pages for those that would like to read it in its entirety. RWAs provide an avenue for greater transparency and efficiency for certain assets, institutional adoption will happen in time as more innovation is brought to this market sector.

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Conclusion

Touch grass, hit the gym, and don’t forget about what’s really important outside of magical internet coins.

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DISCLAIMER: This newsletter does not constitute financial advice. This is strictly educational and should not be used to make any financial decisions. Be responsible and do proper due diligence before aping.