LowG - The Story Telling

Lowkey - DevOps - Crypto Invest since 2017 - @Base Maxi - @Azuki Holder

[Coded @Coded_win]

Reply with your BSC, ETH or SOL wallet

It's coded

[plutos @plutos_eth]

CZ wants to kill @Polymarket

He’s launching new prediction market @opinionlabsxyz

Backed by @yzilabs with $5M funding

Today, they launched Week #0 points and a leaderboard, giving away 100,000 points every week.

For now, the site offers Macro trading - things like US Fed Rate and other economic markets
as well as simple Trending Markets, such as “Ethereum all-time high by October 31?”

You can register only with an invite code for now:

https://t.co/Dk87rYySs5

xaFbvQ

Right now the site is really slow because so many people are trying to get as many points as they can

Remember Aster, CZ’s projects usually give out a lot of money

[Emperor Osmo 🐂 🎯 @Flowslikeosmo]

4 was the most purchased token by smart money over the past 24 hours on BSC.

> $360K was purchased
> Holders grew 1.3% to 16,600

Another ATH in number of holders, distribution is improving while price ranges.

Data: @nansen_ai

[Alex Krüger @krugermacro]

This is very important for DAT investors, Strategy's (MSTR) in particular. MSTR funds its Bitcoin purchases primarily through convertible debt and equity offerings. High volatility increases the value of the embedded call options in these convertibles, providing cheap leverage to buy more BTC. Volatility declining makes these options less valuable, forcing MSTR to offer less favorable terms, which hampers its ability to scale Bitcoin holdings. The era of MSTR carrying BTC higher is thus over. Other players have to take its place. This is a period of transition.

[Sweep @0xSweep]

$MELANIA is down 99.99% from $14 to $0.09

[StarPlatinum @StarPlatinum_]

The token $ASTER collapsed 🚨

From $2.42 on Sep 24 to $0.96 on Oct 22 (57% down)

And all the signs point to manipulation:

Timeline of the crash:

• Sep 25–29 – $1.62 → $1.86 (+15%) after launch hype, $20B daily volume

• Sep 30–Oct 5 – $1.86 → $2.41 (ATH) → $1.73 as whales poured in $61M

• Oct 6–12 – $1.73 → $1.20 after DeFiLlama delisted Aster DEX for wash trading

• Oct 13–22 – $1.20 → $0.96 during massive unlocks and coordinated sells

6 wallets control the market:
0xe8c3e6559513eebac3e05fd75c19a17f4a51a892
0xdfa61ef61a1af7302b21eaf251f656e5ff2a3463
0x128463a60784c4d3f46c23af3f65ed859ba87974
0x798b293934bf2ab5e0ea979b36cc8c73339269f7
0x59d851621827dc1dd9e74d13b36d6de1abc03b19
0x06170043d136492801579580c5a5b56072bb0eb1

Together they hold 88–96% of the total supply

an absurd concentration that lets a few wallets move the price at will.

Coordinated whale dumps:

• Oct 18: 17,857,000 ASTER ($22.88M) sold through Binance and Bybit.

• Oct 9: 7,500,000+ ASTER (~$12M) dumped, price crashed 16% to $1.00.

• Oct 15: 3 new wallets withdrew 4,660,000 ASTER ($4.79M) from Binance.

• Another wallet withdrew 5,010,000 ASTER ($7.65M) the same day.

Some of the most active addresses:

0xFB3BF33Ba8E5d08D87B0db0e46952144DF822833

withdrew $114.5M from Gate linked to Galaxy Digital

The ASTER chart didn’t crash on its own.

[Cobie @cobie]

@weggebobbles The universal sign to exit the markets is Zcash pumping

He was trying to warn us

[jeff.hl @chameleon_jeff]

TLDR: During recent volatility, Hyperliquid had 100% uptime with zero bad debt. This was Hyperliquid’s first cross-margin ADL in more than 2 years of operation. ADL does not change the outcome for any liquidated users. While some specific ADL providing trades were unfavorable, the aggregate effect of ADL was that traders realized significant pnl by closing positions at favorable prices that were only briefly available.

--

It’s sad to see some people attack Hyperliquid to deflect from their own platforms’ issues. Solvency and uptime are the two most important properties of a financial system. These are table stakes for any trading system, and gaslighting to convince users otherwise is unethical and irresponsible.

Below is more analysis on how Hyperliquid’s margining system handled the extreme volatility.

Background on liquidations

For a perps system to be solvent, every position must be backed by a minimum amount of collateral. This is called the “maintenance margin.” When positions do not meet the maintenance margin requirement, they are taken over by the system to be liquidated. Earlier today, many altcoins dropped by more than 50% in a short period of time. When this happens, long positions at 2x or higher leverage must be liquidated, or else the system accrues bad debt.

There were billions of dollars worth of positions liquidated on Hyperliquid in a matter of minutes. In a permissionless system, each user chooses their own position sizing and collateralization. Any system that does not liquidate the necessary users is irresponsibly gambling with other users’ funds. On Hyperliquid, every order, trade, and liquidation is transparently verifiable onchain. Many other venues significantly under-report liquidation data. This cannot be compared apples-to-apples against the fully onchain picture of Hyperliquid.

Background on HLP

HLP is a protocol vault with permissionless deposits that 1) provides order book liquidity and 2) performs backstop liquidations. The first role is negligible, with HLP trading less than 1% market share. The focus of this post is liquidations.

Liquidations are first attempted against the order book, and any user can provide liquidity to these market liquidations. Backstop liquidations occur when the order book does not have enough liquidity to absorb an undercollateralized position. In this case, HLP takes over the position along with its collateral. For improved risk management, HLP is split into several child vaults, and each liquidation is only sent to one child vault.

Background on ADL

Auto-deleveraging (ADL) is the liquidation mechanism of last resort, when market and backstop liquidations do not work. See Doug’s thread (link in reply) for a thorough explanation on the details of ADL.

Every ADL event has two sides: the “triggered” side is undercollateralized, while the “providing” side is decided as a function of profitability and leverage used.

Similar to backstop liquidations, even though providers to ADL are profitable on average, there are no guarantees for any specific event. Some ADL providing trades were unfavorable, such as when only some components of long/short portfolio were closed. The system is designed to minimize ADLs because they are unpredictable even if ADL providing trades are profitable on average. Because HLP is a non-toxic backstop liquidator, ADL is a rare settlement of last resort. As far as I know, this was the first cross-margin ADL event on Hyperliquid mainnet (ADL is more common for isolated-only assets such as hyperps, which are not backstop liquidated by HLP).

Summary of events

Over the course of 20 minutes, HLP backstop liquidated billions of dollars worth of positions.

HLP's philosophy has always been to provide liquidity of last resort. Contrary to misconceptions, HLP is a non-toxic liquidator that does not pick profitable liquidations. Instead HLP is a public good for maintaining system solvency. In particular, Hyperliquid has no liquidation fees. HLP’s design, including its multi-component child vault system, is the product of countless simulations, and allows HLP to maximally serve the benefit of the protocol while managing its own risk.

In fact, the liquidator child vaults of HLP themselves became undercollateralized in the course of backstop liquidating as many user positions as possible. This is by design, where child vaults are isolated from the other components of the overall strategy. HLP is treated no differently from other users when participating in ADL. In aggregate, HLP's child vaults were the largest addresses on the triggered side of ADL by more than an order of magnitude. The addresses on the providing side of ADL against HLP’s child vaults realized hundreds of millions of dollars in additional profit relative to the prices shortly before and after the dislocation.

On other venues, the liquidation engine is not transparent and therefore may not be subject to the same strict margin requirements as for normal users. On these venues, the exchange could have backstop liquidated more positions, bearing increased solvency risk to extract hundreds of millions in business revenue. This is not an acceptable tradeoff for Hyperliquid.

Finally, I know that this is a difficult time for many traders, and I hope the community can continue to support each other and grow together. As a contributor to Hyperliquid, I’ll continue to work my hardest to build the best possible platform that can house all of finance. Times like this highlight the importance of transparency and fairness in the financial system.

[Patrick Scott @patfscott]

Aster. Hyperliquid. Pump. Prediction Markets. Stablecoins.

Every major trend in crypto this year was visible in onchain metrics first.

Here’s how to find trending cryptos with @DefiLlama:

DefiLlama tracks over two dozen metrics. The key is to look for protocols and chains that fit these two criteria:
1) Steady growth
2) Growth across metrics that measure both activity and liquidity

Steady growth

You want protocols or chains that are growing consistently over weeks or months. Sudden spikes can sometimes be a signal, but are more likely to be an anomaly and reverse than steady growth accumulated over many months.

For example, Polymarket TVL and Volume had been on a multi-month uptrend before the prediction market narrative took off.
Growth in activity and liquidity

Metrics like revenue and volume measure activity. Growth here shows that usage of the platform is growing and, if revenue is increasing, that users are spending more money.

Metrics like TVL, stablecoins, and open interest measure liquidity. Growth here shows that new money is being deployed into the app or chain.

Ideally you want growth in both activity and liquidity. That signals that usage is growing and new money is entering the system.

Before Pump price took off in late August, TVL and Revenue had both already been climbing for a month.
Putting it All together

If I were looking for new opportunities in the perps DEX category for example, I would look for DEXs that were growing in either volume or revenue and either TVL or open interest.

Any 1 of those is good. 2 or 3 is great and a strong signal.

The DefiLlama metrics page has links to view protocols organized by any of these metrics, or you can go to an individual protocol’s page to chart those metrics together.

From there, I'd dive into Revenue in the derivatives category or Open Interest to see which protocols stood out. From there, I'd select a protocol and track their performance across all metrics over time.
By the time something hits your timeline, most of the alpha is gone. The beauty of onchain businesses is that anyone can find alpha for themselves, without needing to wait for it to come to them.

[Kaito AI 🌊 @KaitoAI]

$100M in rewards distributed ✅

Project growth rewarded to communities.

Accessible. Public. Earned.

[ZipClash: Farm, Cook, Earn! @Zip_Clash]

ZipClash Animated Trailer ⚡🪂

[Watcher.Guru @WatcherGuru]

JUST IN: Robinhood launches $ETH and Solana $SOL staking.

[0xJeff @0xJeff]

Today is a great day
​
Finally after an eternity of non-stop up-only pumps on @virtuals_io (especially for top agents & genesis picks), we're seeing some real retracements that offer good potential dip-buying opportunities
​
$BIOS - was down 30%+ from ytd but already recovered much of its loss. This is still a really good entry considering @BasisOS traction & involvement w/in Virtuals.
​
Vaults TVL at ATH of $2m+ (from $100k just 3 weeks ago) optimized by agents, team working on new vaults that'll offer value add to the eco + there's also a rumor of BasisOS working on an ACP angle w/ Virtuals (don't quote me on this)
​
Remains best Genesis project w/ best product that provides actual value, market reflexivity will bring this up once market turns
​
$VCTRAI - renewed interests after the recent announcements from @VictoryChain_io (mother co of VictorAI), highlighting integration w/ @hedera — launching a Clanker/Bnkr-like product but for prediction markets i.e. bet on markets directly on X.
​
Victory is also launching a football manager AI agent that manages a real football club (Costa Amalfi) and there's a good likelihood that $VCTRAI will be getting the football manager AI agent airdrop
​
I've actually worked with the team 2 years back when I was working at Spartan. The "Victory" team (prev. Fan Controlled Sports & Entertainment) introduced a new type of sports called Fan Controlled Football (American Football) that allows fans to directly influence how the actual game is played

(vote, make decision real-time, decide how the real players should play in every single turn). They've pivoted to Victory Chain, an ecosystem that utilize AI to bring sports industry on-chain, solid team.

(Additional alpha: team integrating w/ SN44 to bring Score/DKING intelligence to VictorAI & the football club)
​
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On the Genesis Launch front, $SUPER offered a really good value per point spent for participants today since it was only moderately hyped and ran up to $1.7M at peak (equates to $0.032 - $0.042 value per point) so congrats to anyone who participated
​
3 interesting launches are coming up — $ARBUS, $MANEKI, and $BIZZY each with their own uniqueness
​
I'm saving my points for these 3 and ill drop my analysis & thoughts on em later
​
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​
Outside of Virtuals eco,
​
- $EAI / @CryptoEternalAI is getting a lot of love with peak anticipation for Cryptoagents NFT mint. Allowlist is still open for those who hasn't signed up
​
- @arbitrum trading competition underway w/ @robonetHQ , @cod3xorg, @getaxal, @RNDM_IO, @Kudai_io duking it out for $50k prize. Gonna last for 30 days (started May 12). The winner get guaranteed pump
​
- @arcdotfun releasing Ryzome this week (super excited to play around w/ their Canvas)
​
- @NRNAgents continues outperforming the market after its pivot into Robotics + the announcement of Robotics Sports, leveraging NRN's existing RL pipeline
​
Other updates to keep an eye on
- @HoloworldAI upcoming launch of AI livestream platform (this week)
- @ReiNetwork0x's Core outperformance vs other LLMs
- @CreatorBid v2 with full revamp (breakdown article next week)
- @MaplestoryU NXPC token launch hype could spill over to AI agents. If so, gaming agents might experience a rebound
​
That's prob it! Stay safe out there and have fun trenching sers

[alixbtno.base.eth @0xalixbtno]

1/ Everyone is trying so hard to get more @virtuals_io Virgen points.

In this thread, I will give you the keys to get the maximum amount of points every day :

[Virtuals Protocol @virtuals_io]

We’ve started seeing more Genesis projects go back to re-lock their developer tokens, signaling long-term intent to the Virgen community.

This is exactly what Genesis was built for:
Creating a safe, fair environment where Virgens have time to research, assess, and choose what truly fits their needs.

After early challenges like BADAI and BOLZ, one of the first teams to adopt a zero-unlock approach to protect Virgens was @whimdotbet. Grateful they helped set that tone.

To the Virgens, thank you for sticking with us. We know it’s not always perfect, but we’re shipping fast and fixing along the way. We’ll keep reflecting on your feedback and getting better.

Virgenity.

[Virtuals Protocol @virtuals_io]

Agent ecosystems need more than text.

@buudotfun just shipped an open 3D gen-AI engine, where prompts become playable, stylized assets in seconds.

Agents pushing creative frontiers are growing the Virtuals Protocol ecosystem.

[jesse.base.eth @jessepollak]

Our goal is to build the best app ever, period.

[Andrea Montini @AndreaMontini]

From sketches to sleek UI widgets.

Cut design exploration time by 80% using new GPT-4o image gen.

Here's my exact process:

[Hunter Solaire ᵍᵐ @huntersolaire_]

a blockchain game crossed $12m in marketplace volume and never gets talked about (nfl rivals)

much of this activity came from a sick new feature they dropped last year

it's called quick trade

basically you want a rare patrick mahomes but are out of tokens

instead of buying him outright (or selling players 1 by 1) trade 10 of your cards (these are nfts btw) to get the one you want in a few seconds

all resolved on the blockchain

for players it makes acquiring cards easier

for the devs -- mythical -- they get to farm fees from the transaction (that's the main way they make money)

oh and they made like $5.4m in revenue last year

this is all running on polkadot too

a name we never hear associated with web3 gaming

if nothing else it proves players don't care about your chain

they want an entertaining game

[tobi @tobific]

While most people are down 90%+ on $ZORA airdrop

Base founder @jessepollak made bags

Spent just $432 (0.15 $ETH)

And got 2.1M $ZORA airdrop, worth $50000+

125x returns 🤯