Chart of the Week
The Bitcoin Runes protocol, launched in conjunction with Bitcoin’s fourth halving, has experienced a dramatic 99% drop in daily etching in less than a month. This decreased from 23,061 etchings on halving day to just 242 etchings as of 16 May. Despite the downturn, Rodarmor, the inventor of the Runes protocol, mentioned at a recent Ordinals event that new developments are underway to invigorate the protocol.
New Project Spotlight
NFT Collectibles
[Live] Loaded Lions: Mane City Season 2
This highly-anticipated update to Loaded Lions: Mane City brings with it two major features: Abilities and Factions. Bring the heat to your fellow tycoons, and decide if you’ll align with the Loaded Lions or Dark Lions in their epic clash. Mane City will never be the same again!
[Upcoming] Cryptonauts 2024
Renowned Spanish digital artist Fran Rodriguez is back with the third collection of the ‘Cryptonauts’ saga! This drop is filled with psychedelia and cosmic surrealism. Collectors of these metaverse explorers have the opportunity to snag bonus NFTs, win autographed art, and more.
The following table shows selected top games by weekly volume in USD:
Gaming Token Performance
The total market cap for gaming tokens now stands at $30 billion, decreasing by -1.65% from last week.
News Highlights
- CryptoPunks announced the ‘Super Punk World’ collection, curated by Nina Chanel Abney, featuring 500 digital avatars blending CryptoPunks’ features with Abney’s distinctive style. The collection will be showcased at Abney’s “Lie Doggo” exhibition, opening 18 May at The School at Jack Shainman Gallery in Kinderhook, NY.
- Fantasy.top saw a surge in player engagement following a major update that introduced over 40 new NFT heroes and tweaked game mechanics. Additionally, the game announced competitions, including a second main tournament on 14 May 2024 with 333,333 Blast Gold on the line.
- Guild of Guardians, a mobile-based fantasy RPG by Immutable Games, is launching worldwide on Apple and Android devices, offering up to $1 million in prizes to celebrate.
- Pudgy Penguins’ toy line, having sold over one million units, is now available at Target, expanding from its initial presence in stores like Walmart and Toys“R”Us.
- Mercedes-Benz NXT and Mojito have partnered to release ‘The Era of Technology’ NFT collection, a part of the broader ‘Icon’ series.
Recent Research Reports
 |  |  |
|---|---|---|
| Expanding Ethereum’s Frontier: Restaking And EigenLayer’s Ecosystem | Tokenisation of RWAs & Yield-Bearing Stablecoins | Alpha Navigator: Quest for Alpha [March 2024] |
| Expanding Ethereum’s Frontier: Restaking And EigenLayer’s Ecosystem |
|---|---|
| Tokenisation of RWAs & Yield-Bearing Stablecoins |
| Alpha Navigator: Quest for Alpha [March 2024] |
- Expanding Ethereum’s Frontier: Restaking And EigenLayer’s Ecosystem (An Analysis of Restaking Dynamics): EigenLayer pioneers the ETH restaking narrative, driving the liquid restaking market to grow to $8 billion TVL. This report delves into EigenLayer’s ecosystem, its restaking mechanism, and the newly launched EIGEN token.
- Tokenisation of RWAs & Yield-Bearing Stablecoins: RWA tokenisation signifies a bridge between TradFi and the digital asset space. We explore the tokenisation of securities and its application in yield-bearing stablecoins, which have both gained much attention recently.
- Alpha Navigator: Quest for Alpha [March 2024]: Asset classes were up in March, with crypto outperforming significantly. US and EU central banks kept interest rates unchanged.
Recent University Articles
 |  |  |
|---|---|---|
| What Are ERC-20 Tokens? All About Ethereum’s Most Important Token Standard | What Is DePIN? Plus the Most Popular DePIN Crypto Tokens | Reed’s Law: Why the Crypto Space Benefits From Community |
| What Are ERC-20 Tokens? All About Ethereum’s Most Important Token Standard |
|---|---|
| What Is DePIN? Plus the Most Popular DePIN Crypto Tokens |
| Reed’s Law: Why the Crypto Space Benefits From Community |
- What Are ERC-20 Tokens? All About Ethereum’s Most Important Token Standard: ERC-20 is a token standard for fungible tokens on Ethereum. Learn what it is and how cryptocurrencies can be minted with it.
- What Is DePIN? Plus the Most Popular DePIN Crypto Tokens: DePIN is one of the hottest narratives in crypto at the moment. Learn more about what DePIN means, how it works, and the most popular projects.
- Reed’s Law: Why the Crypto Space Benefits From Community: Reed’s Law emphasises exponential growth in networks with each new user. Here we explore how this affects cryptocurrency networks and traders.
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Authors
Research and Insights Team
Disclaimer
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