September 23rd ~ October 2nd New articles and topics, how to do PJ analysis/research?

Kaia Blockchain | L1 Chain by Korea's Line and Kakao-Klytn

Kaia Blockchain is a Layer 1 blockchain born from the merger of LINE's blockchain "Finschia" and Kakao's blockchain "Klaytn". Its mainnet launched on August 9, 2024, and it is an EVM-based chain boasting low gas fees and high-speed approvals.

Simple Steps:

1. Bridge assets from Ethereum to Klytn using Wormhole or similar services with USDT.
2. Provide liquidity to your favorite project from among the three Dapps: Capybara,Dragonswap,KaiaSwap
3. You can participate relatively easily by purchasing Klaytn directly on Bitbank, etc., and bridging it.

Detailed article is here

Rewardy Wallet | A Wallet That Allows Web2.0 Users to Naturally Transition to Web3.0

Rewardy Wallet is a blockchain-based WEB3 entertainment wallet where you can earn points through community activities. You can manage your assets easily and securely without gas fees, and earn points by actively participating in over 20 global communities.

Summary of Steps

1. Download the Rewardy Wallet app. iOS is here Android is here
2. Enter the referral code "56FA4EFC"
3. Earn points by completing quests.
4. Earn points by answering O/X quizzes correctly.
5. Earn points by viewing, posting, and replying in the community.
6. Earn points by referring friends.

Detailed article is here

Skate Chain | Stateless Layer2 Blockchain Connecting Chains

Skatechain is a stateless Layer 2 blockchain that connects various layers and modularized L2s as a hub chain.

Skate believes that interoperability can only be achieved when it is supported at both the network and application levels, thereby improving fragmented liquidity and connections between networks. In the currently ongoing campaign, you can earn OllyPointo by completing Galxe tasks and minting SkateBoard NFTs, as well as earning points by providing liquidity to ThrusterFi and Vertex.

Detailed article is here

Eigenlayer's TGE

Eigenlayer is a restaking protocol that allows users to deposit Ethereum and various liquid staking tokens to contribute to the security of third-party networks. Its mainnet launched in April.

Currently, $Eigen is at $3.5, down about 20% from its TGE price of $4. There are predictions that various tokens may be awarded by staking Eigenlayer. This idea stems from the possibility that those who are reluctant to sell $Eigen might create further revenue structures.

For this week's fundraising, please see here https://research.crypto-times.jp/reports/analysis171

• tune[.]fm: $50M Decentralized music streaming platform
  
• Titan Exchange: $3.5M DEX built on Solana
  
• wingbit: $3.5M Enterprise Web3 operating system
  
• Fuse: $12M DePIN project for energy distribution
  
• GasHawk: $1.6M Gas saving platform
  
• Universal Health Token: $1.2M Gamified healthcare platform
  

Those who are new to crypto assets often hit a wall wondering, "How do I find good projects before others?" Discovering undervalued projects that no one is participating in is difficult, and many people give up here. To overcome this, it's important to have a solid method of discernment and establish information sources.

1. Select your SNS and information sources carefully, as if they were your portfolio
   Twitter, Telegram, and Discord are mainly used for gathering information on crypto assets. Among them, Twitter/Telegram are used worldwide and are important information gathering tools. Here are some recommended accounts and interesting research sites. When looking for projects, I often examine projects that have raised funds and the investment destinations of VCs. I also look at things like Incubation program selections.

• Twitter
  Today in Defi - Curates DeFi happenings in a daily email newsletter
  Wu Blockchain - Breaking news on major topics in the blockchain industry
  Xangle - Market analysis, reports on various activities, news interpretation, etc.
  Simplicity Group - Industry information, analysis of each field, etc.
  Tiger Research - Industry information, analysis of each field, etc.
• Website
  Certik Skynet - RSS-type curation that picks up DeFi topics that are often overlooked ArchResearch - Market information, project comparisons, etc.
  Keyrock - Project analysis, sector analysis, etc.
  Xangle Research - Project analysis, sector analysis, etc.
  

1. Analyze the project
   Determine whether it belongs to a trending category or chain. In the crypto world, it's extremely important whether a field is trending. In the short to medium term, prices tend to decline if it's not trending. LRT/LST were trending a while ago, and now Solana, Ton, Sui, and Move seem to be frequently discussed. Also, many of the final winning projects in the Ethereum Foundation's Startup Incubate Program are payment-related, suggesting that funding for the payment sector may become a trend.

Here are some points I consider important:
・Does it belong to a trending chain or category? Blast, which became widely known through airdrops, isn't talked about much now. Similarly, LayerZero and ZKSync are probably still developing, but their attention is declining. Attention can be said to directly affect token price, making it an extremely important factor.

・How much FDV and MC do projects in the same category/chain have?
In the crypto world, future expectations, user numbers, and TVL tend to be reflected in prices more than current profitability. If there is a large-scale and advanced project in the same category/chain, a certain level of attention can be expected.

・Is there a definite group of people who would buy these tokens?
A KeyRock report shows that 95% of recent airdrops have declined in price. https://keyrock.com/airdrops-in-the-barren-desert/ Many of these airdrops have an oversupply due to issues with utility or token distribution methods. Even though Memecoins rise without utility, they have value as "pachinko balls" (trading targets), and this alone creates a balance of supply and demand. First, consider how they will be used and what benefits holders will have.

1. Look at market and on-chain data
   The crypto world changes rapidly. Even after understanding what's being talked about on SNS, look at the market and on-chain data again. Look at changes in TVL and average daily transaction volume. It's also a good idea to look at user-created dashboards with on-chain data using Dune Analysis. Even if something is trending, it's not uncommon for it to not be growing based on on-chain data. Make it a habit to look at data on DeFiLlma.

To find sectors and projects that aren't trending yet but have the potential to become popular, it's important to follow industry technology and trends while also analyzing the actual market through charts, etc. Use various analyses and data to form hypotheses and navigate the turbulent waters of Web3 investment!
I'll explain investment opportunities from detailed due diligence and valuation in another article.