FACTOMIND

We help projects navigate the Web3 world.

[FACTOMIND @factomind]

How many #DeFi users are there?

There are 600,000 monthly unique traders on @Uniswap.

Out of 600,000 monthly unique traders, approx. 40,000 are real, organic users that are not MEV bots, subaccounts, or dormant addresses.

Out of 40,000 real, organic users, approx. 6,000 traders actively trade tokens other than $ETH and stables.

We are essentially selling our business into these 6,000 small cap traders for on-chain finance projects, unless we go for CEXes for a better reach.

This gives us two insights:

1) This is not an absurd number that requires tremendous funding in marketing, the number is within reach with a decent product paired with a decent strategy.

2) With only 6,000 active participants on the on-chain finance market, we still have much room to grow.

To read the full paper on the methods and assumptions behind the market sizing estimates, please visit our website.

[Justin | Factomind 🇰🇷 @justin400m]

🏃‍♂️ Hustle
🎯 Aim
🎲 Risk
💪 Grind

All are needed to run a good business. They’re the themes behind 4 curated side events we @factomind are hosting at KBW 2025. Not forgettable mixers, but events to remember, built to connect with the people driving the space.

#KBW2025

[FACTOMIND @factomind]

Factomind Weekly '25.03.25

1/ Narratives
- SocialFi projects trending $L3
- #DeFAI flying
- @HyperliquidX regains bull

2/ Blockchain Ecosystems Recap

3/ Weekly Listing Announcements
- @WalrusProtocol @nillion @ParticleNtwrk arrive

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '25.03.18

1/ Narratives
- @base @BNBCHAIN memecoins are flying
- @ton_blockchain revival
- Bridges trending @axelar

2/ Blockchain Ecosystems Recap

3/ Weekly Listing Announcements

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '25.03.11

1/ Narratives
- #DeFi holds relatively well
- @HyperliquidX falls along with peers

2/ Blockchain Ecosystems Recap
- @arbitrum wallet activity grows

3/ Weekly Listing Announcements
- @weRoamxyz arrives

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[Nathan | Factomind @NathanYJLee]

How My ETF Journey Led to a New Business Mandate with MapleStory Universe Project

My team @factomind has been working with @MaplestoryU, on designing a blockchain vehicle that encapsulates the value of its underlying gaming IPs—the first case being Nexon's flagship title, MapleStory.

Their objectives were to:

1. Create a blockchain-based wrapper that represents the value of its underlying gaming IPs.
2. Enable both the wrapper and the underlying asset to trade freely in the market.
3. Ensure that the performance of the wrapper converges with the performance of the underlying basket (IP value), and vice versa.

The most natural benchmark for this concept? ETFs.

I was one of the most active U.S. ETF dealers in fixed income products, specializing in fixed income products, and more specifically, mortgages.

Interestingly, MapleStory's in-game IP (items) shares striking similarities with mortgage-backed securities (MBS):

"Mortgage ETFs (MBB, SPMB, VMBS) : Mortgage Bonds = NXPC : MapleStory In-Game Items"

Some key similarities worth highlighting:

1. The basket consists of a massive number of line items.
2. Each item belongs to a "cohort," but individual items within a cohort are not necessarily fungible—each has unique characteristics.
3. Establishing a universally agreed-upon NAV for each item is highly challenging.
4. A segment of the market seeks exposure to the wrapper (ETF, NXPC) without holding the underlying assets (MBS, in-game items).

My ETF colleagues familiar with mortgage-backed securities will recognize the complexities of the ETF creation and redemption process, such as:

- NAV mismatches in in-kind creation.
- NAV drift and repricing dynamics.
- The impracticality of full in-kind creation with a vertical slice of the basket, yet it's the only way to prevent NAV arbitrage and exploit.
- Challenges associated with full redemption.

These same issues surfaced during the design of NXPC.

Fortunately, leveraging past experience, we were able to devise solutions to each of these challenges.

A special thanks to everyone who worked with me and helped shape these insights during my Wall Street days.

[FACTOMIND @factomind]

Factomind Weekly '25.02.25

1/ Narratives
- Alt L1 performance bearish, though there are some exceptions such as @SonicLabs @SeiNetwork etc.

- @solana dominance might be diminishing

- RWA, Modular projects stand firm

2/ Blockchain Ecosystems Recap

3/ Weekly Listing Announcements

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '25.02.18

1/ Narratives
- @BNBCHAIN continues
- #SocialFi bull
- @solana might be losing dominance

2/ Blockchain Ecosystems Recap
- Volume and wallet activity decreasing

3/ Weekly Listing Announcements

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '25.02.11

1/ Narratives
- #SocialFi volume pumps with $UXLINK
- #RWA slowly crawling as $ONDO, $OM recovers
- BNB Memes gets hyped up with $TST listing -- funny thing is, homonym @Tele_Swap $TST on @Bybit_Official also pumped

2/ Blockchain Ecosystems Recap
- @arbitrum volume increases with $UXLINK

3/ Weekly Listing Announcements
- @berachain @StoryProtocol arrives

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

[APAC Social Landscape of #DePIN Projects on @solana and Beyond]

DePIN projects have emerged as one of the most heavily funded sectors in 2024, for their efficiency, resilience, and performance compared to centralized infrastructure—despite some controversies.

We compiled a dataset of all Twitter posts in 2024 that mentioned 32 DePIN projects, and mapped out the social landscape by analyzing the viewership of these posts across different languages in the APAC region! (Note: The scale of viewership differences between categories is not represented)

Notably, the Japanese audience showed the highest engagement in the 'Others' category, which includes IoT services, renewables, vapes, and more.

Meanwhile, Korean-speaking users displayed a strong interest in the 'Compute' sector, particularly in GPU rental services.

Vietnamese-speaking audiences leaned more toward the 'AI' sector, with projects like @nodepay_ai being part of the discussions.

Of course, we can’t overlook the dominant role of the Chinese-speaking audience, who have been at the forefront of discussions surrounding the DePIN sector.

For a detailed breakdown of how different DePIN subcategories are performing across regions, please refer to the attached graph.

@SuperteamJapan @SuperteamKorea @SuperteamVN

[FACTOMIND @factomind]

Factomind Weekly '25.02.04

1/ Narratives
- @HyperliquidX bounces among the bearish sentiment
- #RWA ecosystem stands relatively strong

2/ Blockchain Ecosystems Recap
- @base @Optimism wallet activity increases WoW, while asset returns and trading volume fall

3/ Weekly Listing Announcements
- Listing activities declining

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '25.01.21

1/ Narratives
- $SOL and $XRP ecosystems trending

2/ Blockchain Ecosystems Recap

3/ Weekly Listing Announcements
- @Azuki $ANIME is arriving amid the $TRUMP frenzy

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '25.01.14

1/ Narratives
- Casino projects holding well
- Inscription volume increasing

2/ Blockchain Ecosystems Recap
- @base activity got hit

3/ Weekly Listing Announcements
- AI agents moving into CEXes

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '25.01.07

1/ Narratives
- @base season
- #AI projects trending, despite the dip
- $HYPE eco neglected

2/ Blockchain Ecosystems Recap

3/ Weekly Listing Announcements

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '24.12.17

1/ Narratives
- $HYPE ecosystem exploding
- Runes are still booming in volume
- ETH L2 projects are trending, especially the newer ones

2/ Blockchain Ecosystems Recap

3/ Weekly Listing Announcements
- $PENGU has arrived

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '24.12.10

1/ Narratives
- #RWA still WoW strong despite the correction
- Runes protocol trending
- @base brewing with $SKI

2/ Blockchain Ecosystems Recap
- @base season might be brewing

3/ Weekly Listing Announcements
- EVM L2s highlight this weeks' listing announcements

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '24.12.03

1/ Narratives
- Bridge projects getting attention $ZRO $ACX
- AI keeps running
- $XRP springs up

2/ Blockchain Ecosystems Recap
- EVM L2s gaining attention

3/ Weekly Listing Announcements
- @base AIs on listing

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '24.11.26

1/ Narratives
- #modular projects running with $TIA $DYM $ALT
- @0xSonicLabs trending as airdrop nears
- ETH L2s show strengths

2/ Blockchain Ecosystems Recap
- @arbitrum @Optimism gaining attention

3/ Weekly Listing Announcements
- Listing frenzy ongoing

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '24.11.19

1/ Narratives
- #DeSci projects running
- Memecoins keep leading
- Runes surge in volume

2/ Blockchain Ecosystems Recap
- @solana @base season ongoing

3/ Weekly Listing Announcements
- Listing frenzy is back

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.

[FACTOMIND @factomind]

Factomind Weekly '24.11.12

1/ Narratives
- Telegram app tokens, such as $HMSTR $CATI, are flying
- #memecoins again leads

2/ Blockchain Ecosystems Recap
- All ecosystems jump in WoW volume, but wallet activities are yet to catch up

3/ Weekly Listing Announcements
- Listings are on fire

4/ Disclaimer
Factomind is not affiliated with any of the entities mentioned in this thread, nor has it made any transactions of the referenced assets.
For full disclaimer, refer to the footnote of our webpage.