Banana Capital

🗓 Banana Capital: Web3 Market Report for Q2 2024 The second quarter of 2024 marked a turning point for #cryptocurrencies. Support from the US government and the approval of the Ethereum ETF are significant steps for the #Web3 industry. In this article, you will learn about key news, market trends, and our expectations for its dynamics. 🖥 Full Article: https://lnkd.in/dV6cJjcW We are pleased to share the results of our hedge #fund for the second quarter of 2024. Overall returns in Q2: 1️⃣ Providing Liquidity in DeFi Protocols Strategy – 6.74%. 2️⃣ Stock Market Arbitrage Strategy – 21.8%. For more detailed information about our strategies, please contact the manager: hello@bananacapital.fund

🫥 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, up 140% from the beginning of 2024. This growth was due, in particular, to a surge in activity on the Coinbase #cryptocurrency exchange's #Base network. Due to its high bandwidth and low fees, #memecoins were massively created on the base network. By the end of July, 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.

💼 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 promote 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.

💎 Ethereum Scaling: OP Stack and Superchain OP Stack is an open-source scaling solution that plays a key role in Optimism Foundation infrastructure. Its main goal is to create an #infrastructure for the development of a roll-up ecosystem called Superchain. OP Stack Advantages: 1️⃣ Efficiency, simplicity, and scalability: launching your own Layer 2 #blockchain is a 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.

📣 Banana Education: How to pay with Cryptocurrency? It is very easy to transfer #cryptocurrency between two #wallets. Knowing the #address of the recipient's wallet is enough. However, in practice, this process can be difficult for people who have just entered #Web3. In this article, you will learn how #transactions are organized in the #blockchain and, most importantly, how to make them. 🖥 Full Article: https://lnkd.in/dBYZtYuP #Cryptocurrency was invented as an alternative to traditional #finance, and conducting transactions is an integral part of it.

🖥 Review of Promising RWA Projects Tokenization of real-world assets could be the next major step in #crypto. Promising projects: ✔️ Dinari – an infrastructure that allows users to #trade traditional securities, like stocks and bonds, on the #blockchain. The 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 is a decentralized #exchange for trading derivatives of tokenized real-world #assets. The platform enables the transparent and collateral-free representation of perpetual contracts for commodities, forex, and other assets. The #RWA sector is undoubtedly one of the leading narratives in developing the #DeFi environment. We will closely monitor its development and keep you informed.

🤝 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!

🤝 Strategic Partnership: Pivot Pivot is a #venture accelerator focused on early-stage #Web3 startups. The company offers support through its extensive partner #network, which includes over 100 venture #funds, 50 #mentors, 100 angel #investors, and more than 100 strategically important companies. Banana Capital is excited to announce our collaboration with Pivot, who share our values and aspirations!

🤝 Strategic Partnership: Crypto Executives Crypto Executives is a premier networking group of over 3,000+ C-Level executives from leading #crypto companies such as Binance, Bybit, Coinbase, Wintermute, CoinFund, and others. This community includes over 700 #VC funds, launchpads, CEXs, DEXs, miners, KOLs, and innovative #startups. We are pleased to announce our collaboration with Crypto Executives and are confident that our partnership will be mutually beneficial in achieving common goals!

🤝 Strategic Partnership: Cryptic Cryptic is a crypto marketing #agency with a wide range of services in #blockchain marketing. Since 2020, the company has been responsible for promoting over a hundred projects and attracting tens of millions to #crypto startups. We are pleased to announce our collaboration with Cryptic and are confident that our #partnership will benefit both of us and help us achieve our common goals!