Pudgy Penguins, Scaling Solana, and the Hot Ball of Money | Analyst Round Table

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Dec 19, 2024

Dive into the launch of the Pengu token and its ripple effect on the NFT market! Explore Solana's competitive edge in blockchain scalability and the challenges faced by PerpDEXs. Discover the recent breakthroughs on Filecoin, including Edge's impressive trading volume. Plus, hear about the dynamics of token listings and the rise of meme coins. Finally, get insights on the evolving landscape of decentralized finance and the future of crypto innovation.

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ANECDOTE

Pudgy Penguins Token Launch

Pudgy Penguins NFTs saw price volatility before the PENGU token launch.
The token debuted with a 6 billion FDV, allocated to NFT holders and various communities.

INSIGHT

Centralized NFT Success

Pudgy Penguins' success demonstrates the potential of centralized projects in the NFT space.
It emphasizes the power of strong marketing and brand building, like their Walmart deal.

INSIGHT

Solana's Scaling Challenge

Solana's focus has shifted to improving bandwidth and reducing latency (IBRL).
Next-gen chains aim for massive TPS increases, raising questions about Solana's future competitiveness.

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In this episode, we discuss the launch of PENGU, Solana’s ability to continue accelerating, and the problems faced by PerpDEXs. We also unpack what is happening on Filecoin before closing the episode with thoughts on the notorious hot ball of money.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

Resources

Filecoin’s Inflection: https://x.com/blockworksres/status/1868725847894724964

SKALE is the next evolution in Layer 1 blockchains with a gas-free invisible user experience, instant finality, high speed, and robust security. SKALE is built different as it allows for limitless scalability and has already saved its 45 Million users over $9 Billion in gas fees. SKALE is high-performance and cost-effective, making it ideal for compute-intensive applications like AI, gaming, and consumer-facing dApps.

Learn more at skale.space and stay up to date with the gas-free invisible blockchain on X at @skalenetwork

Chaos Labs recently launched its new flagship oracle product, Edge with Jupiter. Edge has already secured $30 billion in trading volume over the last 2 months, establishing Edge by Chaos as an immediate leader in the low-latency oracle category.

The protocol design blends market context and price data, reflecting Chaos' central thesis that risk data and price data are inextricably linked.

Follow and reach out to @chaos_labs on X to learn more!

GLIF is Filecoin’s foundational DeFi primitive, enabling Filecoin holders to earn rewards on their FIL tokens by lending it to a diverse pool of Filecoin miners! Similar to LSTs like Lido or Jito, GLIF solves a major capital inefficiency for Filecoin.

GLIF has been a long-term trusted partner of the Filecoin ecosystem since early 2019, receiving more than $4 million in grant funding from Protocol Labs and the Filecoin Foundation to build critical apps and tools for the Filecoin network, as well as investments from top crypto VCs like Multicoin Capital and Fenbushi.

Got FIL? Deposit it with Filecoin’s first and most popular DeFi protocol by visiting https://glif.io/ today!

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Timestamps:

(0:00) Introduction

(2:15) PENGU Launch

(9:05) Can Solana Continue Accelerating?

(17:13) Perps Are Not Working Onchain

(36:10) Skale Ad

(36:52) Chaos Ad

(37:25) Glif Ad

(37:58) What's Happening on Filecoin?

(50:00) The Hot Ball of Money

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Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Dan, and our guests may hold positions in the companies, funds, or projects discussed.