Sleep Szn

In Partnership with Vector Reserve

EigenLayer mainnet is live and is expected to be a potential $1bn airdrop. Vector is one of the cleanest liquid ways to play the liquid restaking theme and recently launched a co-incentivized minting campaign with Ether.fi:

Sleep Szn

Markets are continuing their downtrend with ETH at $3,050 and BTC at $62,700. In the past 3 days we’ve seen open interest on alts fall ~50% though we’re seeing small signs of life in just a handful of onchain coins.

We’ve seen a bottoming in ETH utility project SCALE, which has bounced 154% in the past 24hr. RAIL has also doubled in the last day. Other pockets of strength were seen in ANDY, FUNGI, EPIK and WOLF. But for the most part its carnage out there. GEMAI’s token came out post LBP down 65%, YAI fell 45% and even tokens that were holding up well during the nuke like RB and OLM have dropped ~30%.

Here are the most interesting new projects I’ve come across recently and I’m sure there is a “make it all back” trade in here somewhere:

• TAGD closes seed round and will announce LBP next steps in a few weeks

• Ranger hinting at its next phase

• Eidon - interesting AI project

• Multisynq goes live soon

• Soar Chain mainnet soon

• HueHub first RGB++ DEX

• Anomaly Games - gaming platform backed by Shima and partnered with Animoca

• InfinityChain - EigenLayer EVM

• Superseed - new L2 founded by David Iach 

• PinLink - upcoming RWA DePin launch

• Runes DEX - launches on 4/20

• Sandglass

• WorldPVP

A $1bn+ DePin Network Launching this Month

io.net’s ability to create decentralized GPU clusters across multiple locations sets them apart from other GPU aggregators on the market. Clustering is an essential practice in machine learning as model training and inferencing requirements increase day by day. Most GPU aggregators can't cluster GPUs and only offer access to a single instance. io.net is the only network that can build decentralized clusters and users can access compute from the array of 725K+ GPUs on the network from anywhere around the world at 90% cheaper than the competition.

SMART MONEY CORNER - Presented by chainEDGE

• On the EVM side of things, it was essentially crickets in terms of smart money volume, outside of BRETT seeing $211k of buys

• SOL similarly was quiet, with SNS and WIF leading flows

• No major changes in SOL smart holdings. Nub, PUPS and USA remain the most abnormal or interesting

• From a raw $ held perspective, TRUMP, DEGEN and DYSYNC seem the most notable here with $1.4mm or more of smart holdings

MEME OF THE DAY