Your Source of the Latest Nansen Research Reports
Happy Monday, everyone!
Welcome to the inaugural edition of our Research Roundup LinkedIn newsletter. We are pleased to present you with the latest research reports from our team that have been published over the past two weeks. Without further ado, let us dive in and explore the insights it has to offer.
Blur, has experienced significant growth in trading volume since its launch, driven primarily by its rewards system and zero marketplace fees. With approximately 16.7k wash traders out of 213k users on Blur, their impact on the platform's success is relatively insignificant. Blur’s organic trading volume still surpasses that of OpenSea, indicating organic demand.? Sandra Leow ,? Jirath (Tharm) Lertviwatkul and? Xin Yi Lim ?look into Blur’s rise and shed light on what’s happening in the marketplace.?
The ongoing market volatility has led to concerns about the future of banks and the economy. The government’s provision of liquidity backstops for banks has led to expectations of rate cuts as early as June 2023. However, central banks remain focused on taming inflation, and the Federal Reserve has signaled a stable policy rate for most of 2023. Markets seem to be pricing in the "cure" (central bank easing policy) before the "disease" (hard landing), which could be a miscalculation.? Aurelie Barthere shares key data points on the current macro situation and gives us her thoughts on possible implications for the broader crypto market.?
EigenLayer is a modular security provider enabling Ethereum stakers to access additional yield while allowing projects to inherit Ethereum's security. With a broader scope compared to other providers, it aims for interoperability between sovereign Layer-1 chains, secured by protocols like Inter Blockchain Communication (IBC).? Jake Kennis ,?Seth Zhuo,? Osgur Murphy O Kane share their insights on EigenLayer and its potential.
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Numerous projects are working on developing different types of zkEVMs to increase Ethereum's scalability. These projects range from Type-1 zkEVMs with slow proof generation to Type-4 zkEVMs with fast proof generation. As more protocols are added, the TVLs of these projects are expected to increase rapidly, further enhancing Ethereum's scalability.? Yohji van Weert gives us an overview of the hottest zkEVMs and shares tips on maximizing your odds of qualifying for an airdrop.
This report examines how Smart Money movements can predict potential token performance by analyzing historical data, with a focus on narrative-driven, mid-cap, and small-cap tokens.? Xin Yi Lim finds that following Smart Money’s footsteps in mid and small-cap tokens can lead to profitability and shares her findings on their activity over the last few months.
In the coming months, high uncertainty is expected around growth and inflation trajectories due to recent banking turmoils in the US and Europe. Although the most acute phase seems to have passed, navigating the uncertain environment remains a challenge. The next phase in the economic cycle is likely to be a recession, making it difficult to time and benefit from bear market rallies. De-globalization and geopolitical fragmentation also contribute to long-term inflationary implications.? Aurelie Barthere ?shares key data points and her thoughts on the current macro environment in this report.?
That's a wrap! Thank you for taking the time to read our newsletter. We hope you have found it both valuable and informative. Should you have any suggestions or recommendations for topics that you would like us to cover in future editions, please do not hesitate to share them with us.