Nominate A Mainnet Speaker

State of Bitcoin Q1 2024, Fundraising: Q1 2024, and more

Introducing the latest addition of speakers to Mainnet 2024. From project builders to policymakers, this year's lineup of speakers is packed with heavy hitters across the industry. Now it's your turn to nominate who else you would like to see on stage. If you know someone who is building the next big thing in the industry, let us know using the form linked below so they can join the conversation.   Join us this fall in New York at Mainnet from September 30th - October 2nd. Nominate Speaker Today in UO! State of Bitcoin Q1 2024 Fundraising: Q1 2024 Synthetix Q1 2024 Brief [Spartan Council] Increase Base LP Limit to 21.92 Million USDC (SCCP 319) [dYdX] Blockchain Halt MESSARI INSIGHTS State of Bitcoin Q1 2024. Bitcoin programmability continued to grow and diversify in Q1, as base-layer metaprotocols expanded and several new Bitcoin layers launched. In the world of TradFi, the spot BTC ETFs were launched, helping propel BTC to a new all-time high.     Fundraising: Q1 2024. The research delves into the Q1 crypto fundraising landscape, highlighting a 23% decrease in overall fundraising volume, a surge in early-stage deals by 73%, and key investments in companies like Eigen Labs, Hashkey Group, Optimism, Freechat, Zama, among others. The report discusses the bull and bear cases for companies like Optimism and Zama, as well as insights on deal trends by investment stage. Noteworthy developments in infrastructure, financial, and networks sectors are also examined, showcasing rising investor interest amid the ongoing crypto market dynamics.     Synthetix Q1 2024 Brief. After the first full year of Perps V2, perp trading on V2 in Q1'24 continued to see strong traction and drive meaningful fees to stakers. The first quarter marked the fourth consecutive quarter of volumes over $11 billion and fees to stakers over $9 million. Beyond managing V2, much of the focus now is on scaling and growing V3. The first stage includes expanding to Base and Arbitrum, and V3 has already facilitated over $325 million in volume on Base, even with restrictive OI caps. Caps are being raised and new underliers are being added, while the DAO allocates treasury assets to incentivize more liquidity. Synthetix continues to ship and is off to a great start in 2024.     [Messari Governance] [Spartan Council] Increase Base LP Limit to 21.92 Million USDC (SCCP 319). This proposal aims to increase the maximum amount of liquidity that can be provided to Base Andromeda to 21.92 million USDC. [Messari Key Developments] [dYdX] Blockchain Halt. The dYdX chain has halted due to the v4.0.0 software upgrade at block height 12,791,712, which arrived at approximately 6:04 AM UTC on Apr. 8, 2024. The team is currently investigating the issue. 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 Polkadot OpenGov Deep Dive Ethena - The Goddess of Yield Quantifying Narratives Analyst Discussion: Ethena Supercharging Smart Contracts: ZK Coprocessors and Verifiable Compute   Upgrade your digital asset operations with Fordefi's next-gen MPC wallet. Fordefi is purpose-built for DeFi, enabling you to scale your on-chain strategies across thousands of dApps while staying protected with MPC. Our platform is trusted by leading institutions: Pantera Capital, Figment, Flare Network, and more. OTHER NEWS AND TOP READS ENA Rises 15% as Ethena Labs Increases Staking Rewards Which Crypto Projects Will Airdrop Next? Prediction Markets Are Placing Bets DeFi Firm 1inch Introduces Web3 Debit Card in Partnership With Mastercard and Baanx Chainalysis Hires Former IRS Criminal Investigations Chief Jim Lee Bitcoin Tops $71K, Ordinals Bets Rise Ahead of Halving Polkadot active addresses hit record 600K Can blockchain revolutionize digital securities management for stock exchanges? Crypto VC sees a 'new class' of profitable memecoins this cycle Base hits $4B TVL as monthly txs outstrip Ethereum and Arbitrum Aave contemplates fee distribution in DeFi shake-up 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