🤝 Strategic Partnership: Hashlock

Hashlock is the blockchain cybersecurity and smart contract auditing firm based out of Australia.

They aim to influence the innovation, regulation, and use of blockchain to best reflect the core values of the Web3. We are excited to announce our partnership with Hashlock!

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🤝 Strategic Partnership: Gagarin

Gagarin – a crypto-launchpad and agency that helps launch and promote Web3 startups.

The company implements project launch strategies through public token sales. It also helps projects implement airdrop strategies to attract an audience and grow their community.

We are excited to announce our collaboration with Gagarin!

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🤝 Strategic Partnership: Cyberscope

Cyberscope is a cybersecurity auditing company in the Web3 sector.

The company offers a wide range of services to ensure protocol security, including smart contract vulnerability analysis, custom technical development, and KYC services. We are excited to announce our collaboration with Cyberscope!

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😳 Revolution in Memecoin Creation and Trading

The most popular blockchain for launching memecoins is Solana. It supports several decentralized exchanges (DEX) where you can easily create and flood a token. However, because of the listing costs, developers prepared carefully by creating market-making programs and sniper bots. This killed the meaning of memecoins as joke and spontaneous tokens.

✔️ In January 2023, the PumpFun platform appeared and revolutionized the memecoin market. On PumpFun, it became possible to launch token with just a few clicks and a few dollars. This made it possible to create and launch memcoins quickly and cost-effectively, while maintaining their originality and true intent.

✔️ On August 13, 2024, a similar platform, SunPump, appeared, only on the Tron blockchain. On it, users can also easily create their own memcoins without prior development experience or significant costs.

Since their inception, both platforms have experienced incredible growth rates. The number of blockchain transactions associated with PumpFun and SunPump have consistently dominated other activity on decentralized exchanges.

However, a closer analysis shows that this growth may not reflect the real situation.

You can read more detailed analysis of these projects and their impact on DeFi in our new article 👉 https://teletype.in/@bananafund/01_EN

Teletype

Revolution in Memecoin Creation and Trading

Memecoins are a unique phenomenon in Web3. They are created based on popular Internet memes, viral trends, or references to popular...

🫥 Why are Layer 2 Solutions so Popular?

Layer 2 scaling is a technology that runs on top of the blockchain protocol. It increases the speed and efficiency of the underlying blockchain.

Key features:

✔️ "Layer 1" is the blockchain itself, and "Layer 2" is the network that sits on top of the underlying blockchain.

✔️ Layer 2 solutions are designed to address scalability by processing transactions outside the core network.

✔️ The benefits of Layer 2 solutions include increasing transactions per second (TPS), reducing gas fees, and maintaining network security.

This month, the total number of transactions on Layer 2 networks based on the Ethereum blockchain reached a record high of 12.42 million. At the same time, this number has grown by 140% since the beginning of 2024.

In particular, this growth was due to a surge in activity on the Base network of the Coinbase cryptocurrency exchange. Memes tokens were massively created on the Base network due to its high bandwidth and low fees. By the end of July, the number of daily transactions exceeded 4 million.

With the influx of new users to Layer 2 networks, their blocked value (TVL) also grew rapidly. You can see the detailed analytics in the attached video.

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💼 VC Investments Review for the Month

The previous month of July was quite active for the fundraising market. The change in the regulatory stance of the US Securities and Exchange Commission (SEC) and the approval of ETH–ETF became a "green light" for investors. Total investments in July amounted to more than $681 million.

Top 5 Biggest Investments:

1️⃣ Sentient – a platform for building artificial intelligence tools that promotes an open AGI (Artificial General Intelligence) economy. The project has raised $85 million from Founders fund, Pantera Capital, Hack VC, Delphi Ventures, etc.

2️⃣ Partior – a developer of blockchain-based infrastructure for cross-border payments and remittances. The project has raised $60 million from Peak XV Partners (ранее Sequoia India & South East Asia), JPMorgan, Jump Trading, etc.

3️⃣ Morpho – a decentralized P2P lending protocol on the Ethereum and Base blockchains. The project has raised $50 million from Ribbit Capital, a16z crypto, Coinbase Ventures, Variant Fund, etc.

4️⃣ NPC Labs – a company that provides tools to protect, monetize, and scale intellectual property. The project has raised 18$ million from Pantera Capital, Hashed, Mirana Ventures, etc.

5️⃣ Allium – a platform that monitors blockchain activity, conducts investment research, accounting and auditing, and provides access to data from over 40 blockchains. The project has raised 16,5$ million from Theory VC, Kleiner Perkins и Amplify Partners.

Also receiving more than $15 million in investments this month were projects such as: Lombard, Prodia, ZAP, Chainbase, RedStone and Caldera. Our analysts shared that institutional investors remain uncertain about the market's long-term prospects. They are beginning to adopt risk mitigation strategies, limiting themselves to smaller investments in later rounds.

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💎 Ethereum Scaling: OP Stack and Superchain

OP Stack is an open source scaling solution that plays a key role in Optimism infrastructure. Its main goal is to create an infrastructure for the development of a rollup ecosystem called Superchain.

OP Stack Advantages:

1️⃣ Efficiency, simplicity and scalability: launching your own Layer 2 blockchain is click away and open source allows anyone to contribute to the development of Superchain.

2️⃣ Layer 2 blockchains based on OP Stack can easily communicate with each other.

3️⃣ Security guaranteed by Ethereum.

The Superchain ecosystem connects Layer 2 networks using OP Stack to enable interoperability and transactions between them.

✔️ Networks running on OP Stack: Mantle, Zora, Base, Redstone, and 37 other OP Chains.

Superchain technology also eliminates the need to develop your own security and find validators. It provides its own security mechanisms, which greatly simplifies the creation of Layer 2 networks.

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📣 Banana Education: How to pay with Cryptocurrency?

It is very easy to transfer cryptocurrency between two wallets. It is enough to know the address of the recipient's wallet. However, in practice, this process can be difficult for people who have just entered the Web3. In this article, you will learn how transactions are organized in the blockchain and, most importantly, how to make them.

🖥 Full Article: https://bananacapital.fund/news/transactions_eng/

Cryptocurrency was invented as an alternative to traditional finance, and conducting transactions is an integral part of it.

Want to learn more about cryptocurrencies? Subscribe to our social networks👇

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🖥 Review of Promising RWA Projects

Tokenization of real-world assets could be the next major step in crypto. You can see other parts of the project overview in previous posts: Post 1, Post 2.

Promising projects:

✔️ Dinari – an infrastructure that allows users to trade traditional securities, like stocks and bonds, on the blockchain. Project uses smart contracts to represent the securities as tokens and to automate the process of buying or selling them.

✔️ Kasu – RWA lending protocol that optimizes cash flows to improve credit risk. The project provides better risk management for higher returns.

✔️ Ostium Labs – a decentralized exchange for trading derivatives of tokenized real-world assets. The platform enables the transparent and without collateral representation of perpetuals contracts for commodities, forex and other.

The RWA sector is undoubtedly one of the leading narratives in the development of the DeFi environment. We will closely monitor its development and keep you informed. Subscribe to our social media and stay tuned for new posts👇

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*🤝 *Strategic Partnership: Sirius Ventures

Sirius Ventures – a launchpad for conducting public and private token sales supporting various blockchain networks. The platform offers advantages such as a refund model and guaranteed allocation. Sirius also provides project support at every stage, including marketing.

We are pleased to announce our collaboration with Sirius Ventures. This synergy will enable the launch of promising projects and bring new technologies to Web3!

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