Analyzing the Hedera DeFi Ecosystem

Systematic Memecoin Investing, and more

Hedera has been developing a DeFi ecosystem throughout the bear market, and its ecosystem is off to a hot start in 2024. This success story can primarily attributed to the launch of SaucerSwap V2 in November, which introduced concentrated liquidity, important tokenomic changes, and more. Additionally, stablecoin supply on Hedera has been gradually increasing, with the supply of USDC reaching $8.3 million by the end of February. Although Hedera's DeFi ecosystem is off to a promising start in 2024, there are still improvements to be made. Most noticeably, the ecosystem lacks a preeminent lending protocol that can offer users leverage on any assets. Regardless, the progress made over the past year for Hedera's DeFi ecosystem cannot be ignored, and the ecosystem looks to continue to grow entering the next stage of the crypto bull run.     Read the full Messari report by AJC here. Today in UO! Systematic Memecoin Investing [Balancer DAO] Engage Wonderland as a Service Provider [Ondo Finance] rOSUG MESSARI INSIGHTS Systematic Memecoin Investing. When larger assets like smart contract platforms experience significant growth, it often triggers explosive increases in memecoins. These memecoins, being at the extreme speculative end, tend to face market downturns sooner, serving as an early warning for the broader market. Knowing these fairly predictable role memecoins play in crypto cycles, one can encode a simple heuristic-based memecoin investing strategy that outreturns a market-cap-weighted basket of smart contract platforms by a factor of 28, or, if optimizing for memecoin investments on a velocity-weighted-bases, by a factor of 87.     [Messari Governance] [Aave DAO] a.DI Native Bridge Adapters Update. This proposal aims to update the Native bridge adapters used to connect between networks to add extra naming metadata and make the gas limit configurations more granular. [Messari Key Developments] [Ondo Finance] rOSUG. Ondo Finance has introduced rOUSG, a new token that maintains a constant value of $1.00 per share. It operates on a rebasing mechanism, distributing yield to holders daily in the form of additional rOUSG tokens. This design allows for the token balance to increase over time as yield accrues, making rOUSG particularly suited for use as a yield-bearing means of settlement or exchange.    Knowledge Seekers Rejoice, It's Quarterly Season!   What are Messari Quarterly Reports? With the arrival of the new year, the Messari team is excited to kickoff the release of our Q4 2023 quarterly reports. Our quarterly reports highlight top crypto protocols and present key metrics & indicators as well as important events to provide a full picture of the project's latest developments. Learn more about projects you are invested in or interested in and receive a clear look at project fundamentals and financial reporting. Dive into our current and past quarterly reports available in our Protocol Reporting research page. Keep an eye out for reports with "🗓️" in Unqualified Opinions so you don't miss them! ALSO POPULAR ON MESSARI Ethena - The Goddess of Yield Quantifying Narratives Analyst Discussion: Ethena Supercharging Smart Contracts: ZK Coprocessors and Verifiable Compute Hooking into the Future: A Uniswap Valuation OTHER NEWS AND TOP READS Dogecoin Jumps 10% to Clear $0.20 for First Time Since 2021 BlackRock Would Still Pursue Spot Ether ETF If Ethereum Cops Securities Designation Over $1B in U.S. Treasury Notes Has Been Tokenized on Public Blockchains Ethena Labs Announces Airdrop Date of Native Token ENA Blast dapp hack was an inside job, and it could have been worse AltLayer Launches ALT Staking Layer-2 Blockchain Mantle's Token Hits All-Time High as Reward System Goes Live How to Design Better On-Chain Governance First Mover Americas: Tokenized Treasury Notes Surpass $1B ARK 21Shares Bitcoin ETF Hits $200M Daily Inflows for First Time Disclosure: Authors may own cryptoassets named in this newsletter. For more information, please visit messari.io.   Unqualified Opinions, a Messari newsletter, is meant for informational purposes only. It is not meant to serve as investment advice. Please consult with your investment, tax, or legal advisor before making any investment decisions.   Advertising and sponsorship do not influence editorial decisions or content. Third party advertisements and links to other sites where products or services are advertised are not endorsements or recommendations by Messari. Messari is not responsible for the content of the ads, promises made, or the quality or reliability of the products or services offered in any third party advertisement. Copyright © 2023 Messari, All rights reserved. Our mailing address is: Messari 228 Park Ave S PMB 52631 New York, New York 10003 Unsubscribe 408 Broadway, New York, NY 10013-3699