0xPolyarc ⚡⚪️

zk tech, modularity & privacy #web3ならできる 🇨🇭

[0xPolyarc ⚡⚪️ @0xpolyarc]

@klutschka @unsereOEBB danke👍🏽

[glassnode @glassnode]

For now, $BTC seems to have found support at $74K. This aligns with the first major supply cluster below $80K - over 50K $BTC at $74.2K. This level is mostly held by investors who had been active for five months, steadily raising their cost basis until 10 March, after which they’ve remained dormant.

[0xPolyarc ⚡⚪️ @0xpolyarc]

@aliamjadrizvi @StephenM cooked

[0xPolyarc ⚡⚪️ @0xpolyarc]

@MitosisOrg gmito

[0xPolyarc ⚡⚪️ @0xpolyarc]

@corleonescrypto study @thales_ai

[Watcher.Guru @WatcherGuru]

JUST IN: Silk Road Founder Ross Ulbricht seen out of prison following pardon from President Trump.

[Boring_Business @BoringBiz_]

Investment banking MDs winning a new deal vs the analyst who knows he will not have a single weekend for the next 4 months
https://t.co/5zGK0NkoEX

[0xPolyarc ⚡⚪️ @0xpolyarc]

@EndWokeness pure alpha

[0xPolyarc ⚡⚪️ @0xpolyarc]

@CelestineSloths LFG👏🏼

[0xPolyarc ⚡⚪️ @0xpolyarc]

@MitosisOrg fellow sloth holders, apply and join here: https://t.co/y8XJN3EfXH

[ltrd @ltrd_]

Today’s dump resulted in the biggest liquidation since 2021. I would like to present a microstructure view of this entire situation. As always, this thread is full of insights, charts, and comments.

Retweet if you enjoyed the analysis.

[0xPolyarc ⚡⚪️ @0xpolyarc]

quick reminder👇🏼

[Benny Johnson @bennyjohnson]

TRUMP: "Joe Biden became mentally impaired. Kamala was born that way." 🤣

[0xPolyarc ⚡⚪️ @0xpolyarc]

Join the Game of MITO pre-registration today to get exclusive rewards! Participate in the testnet to get $tMITO and boost your $MITO allocation when the mainnet goes live. link : https://t.co/hHvLJ0X1Me

[0xPolyarc ⚡⚪️ @0xpolyarc]

@duonine why is everyone pushing cardano?

[0xPolyarc ⚡⚪️ @0xpolyarc]

#halo3

[0xPolyarc ⚡⚪️ @0xpolyarc]

Invite code: U1WUIW

@ParticleNtwrk #particlentwrk

[Particle Network @ParticleNtwrk]

Web3 is undergoing a paradigm shift.

We've collectively made blockchains better, faster, and cheaper than ever. And now, we're interconnecting them.

The best part? You, as a user, won't even notice.

The era of unification is coming to your favorite chain.

✨Introducing the Chain Abstraction Coalition:
https://t.co/bWC94R9dAr

[TheGoldenHalalCryptoClub @_TGHCC_]

How @Polkadot dropped the ball

With the release of $DOT, there was a lot of hype drumming up. China was bullish on DOT. Messari was bullish on DOT. Messari had them #1 in terms of token being held by institutions after $BTC and $ETH. Parachains were hyped up. Billions of dollars worth of polkadot was locked up and then nothing happened.

What happened?

You could do NOTHING on the chains other than stake. You couldn't use your tokens for $DEFI. Other than being able to stake your $DOT, you could do nothing else for it. They (W3F) decided to come out with a series of videos telling everyone their token has transformed into a software and is not a security like ETH, AVAX, SOL etc. Nothing ever transpired. Nothing from Gary Gensler, nobody from the SEC.

There was no DEX and when there was, there was extremely poor liquidity and just trying to get your tokens on there was a pain in the ass.

Then, they released Governance. MY god, this was possibly the nail in the coffin for DOT. All the grifters came out, milked the $KSM treasury dry and then onto DOT they went.

Instead of biting down and shipping out products/appchains, they continued to tweet and belittle $eth, $matic, $sol and other chains. While those chains flew into the lead, even while they would need to "reset" or be congested because of high gas fees, people continued to use them as this was where the action was happening. No matter how high the gas fees were on $ETH, people just wanted in on whatever was on fire during that time. While $SOL went down because of congestion during the NFT craze, people never turned back and continued to pile in.

During that time $DOT developers continued to vocally tweet about how "poor" L1s and L2s were, while their token was absolutely useless and junk.

Users? No where
Liquidity? Impossible on a DEX. Currently still is
ETH <> DOT bridge - delayed
KSM <> DOT bridge - delayed
Transferring token from 1 parachain to another, impossible to do and a headache.
USDC liquidity? Very little
USDT liquidity? They left KSM because no one used it

Then comes governance which has been an absolute destruction of $DOT.

Polkadot did NOT need excessive level of marketing in the millions and millions like they do now. All they needed was a way for people to come and use their appchains.

It was simple. They had the advantage with the tech and developers. According to electrical capital report, Polkadot had thee most developers. They also had the lead when it came to the most held tokens by institutions according to messari but they threw it all into the toilet

All they needed was these things below

1. Easy to use UI.

When parachains released, if it wasn't for @NovaWalletApp and @FearlessWallet using polkadot JS was a complete pain the ass!!! Still till this day, Polkadot JS is a pain in the ass to use

2. Liquidity. With very little liquidity on DEXs, you want to swap your tokens? Good luck because most of the tokens wont have that available for you. You also want to buy other ecosystem tokens that aren't available in your country, want to use a DEX on DOT? Good luck because of some dumb governance rule, you can't. "DeCeNtRaLiZaTiOn" they said.

3. Users

With all the developer activity going and tons of "github" commits" where are the users? Definitely not coming to Polkadot?

Why?

User interface is top tier trash and abysmal! On top of that, liquidity to swap tokens or even on boarding USDC or USDT onto DOT is like jumping through hoops!!

DOT had everything going for it and it had the perfect reason to take off. It was simple...

"The creator of ETH created DOT"

That's it. That was your pitch but instead... the lead is thrown away.

No one really cares about DOT.

Institutions are going over to Solana, Avax, Eth, Matic and other chains.

Governance destroyed with dumb treasury proposals for millions and millions of dollars, that then get approved and dumped onto holders. Should have never been in the hands of holders. Literally dumb idea. Selective "DeCeNtRaLiZaTiOn" only matters when it shouldn't.

DOT turning into $EOS and $XTZ.

Want to fix this?

Get rid of the treasury and put it back into the hands of developers who want to BUILD, BUILD and BUILD apps, that will allow users to come.

How will users be on boarded?

FIXING the abysmal user interface on Polkadot JS. Making it extremely user friendly. Allowing liquidity to flow through.

How will liquidity flow through?

Not having to jump through hoops to send USDT/USDC into the ecosystem. Make $DOT a centre of attention, similar to how $SOL and $ETH is a gas/fee token. Make it worth while.

NO ONE CARES ABOUT USING THE DOT TOKEN FOR VOTING!! ONLY THOSE WHO WANT TO SCAM THE TREASURY DO!

As of right now, parachain slots which were worth millions and billions are worth thousands, which eases the barrier of entry but who really wants to come into an ecosystem that doesn't care about them and doesn't support them? Allows them to fend for themselves? NOBODY!

FIX these issues which has been a constant issue since parachains got up and running.

Only DOT fanboys care about Jam
Only DOT fanboys care about the SEC and "software"
Only DOT fanboys care about other chains being inferior

USERS care about easy to use interface
USERS care about liquidity
USERS care about $$$$

If you can't meet these simple, simple, simple metrics, you are going to be next $EOS and $XTZ and the way things are going, its going to happen.

Im no developer. Just a CRYTPO user, who reads fundamentals of a project and does technical analysis.

[Bitcoin Magazine @BitcoinMagazine]

JUST IN: 🇨🇭 Swiss National Bank cut rates again to 1.25%.

[Lava Network 🌋 @lavanetxyz]

on mainnet, anyone will be able to quickly add RPC support for new chains to Lava

permissionless = dynamic scalability

and mainnet soon