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Raghav Agarwal-1
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The recent Ethereum Protocol Research Call 2 was packed with many exciting updates on how @ethereum is innovating in the short to medium term. Here is what you should not miss 👇 🧵
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Raghav Agarwal-1
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The @solana expansion of @1inch in April is starting to show results already. From 32% marketshare in March to 60% in May. May 2025 DEX aggregator volume hit an ATH of $55B, and @1inch processed $33B. The Solana aggregation wars are just getting started.
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The one chart in the @ethereum Protocol Research Call 2 that excited me the most, was this one 👇 A powerful L1 with rollups clustered around it is preferred over a weak L1 with dominant rollups, as the latter risks rollups becoming independent or moving elsewhere. Even in a rollup centric future, we need the L1 to scale. It is imperative that Ethereum continues to innovate, improve and inspire!
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The story of perp DEXs is best told in 7 distinct phases — a timeline of dominance, disruption, and the rise of a new king: 1. Early–Mid 2021: @dYdX Dominance Perp DEX = dYdX. No real challengers. Deep liquidity, strong PMF, and the only game in town. 2. Late 2021: @GMX_IO Appears GMX v1 entered with an oracle-based model and a community-first ethos. Still tiny vs dYdX, but it proved new models could work. 3. 2022: Market Starts Fragmenting @GainsNetwork_io, @synthetix_io, and others began attracting niche users. dYdX’s monopoly was intact, but the moat showed cracks. 4. Early 2023: @HyperliquidX Arrives A quiet entrant with serious momentum. Product velocity + incentives helped it quickly carve out share from both dYdX and GMX. 5. June 2023: A Brief Pullback Hyperliquid’s share dipped to less than 2%. A blip, not a bust. The retreat was temporary. 6. June 2023–Dec 2024: The Climb Hyperliquid steadily rebuilt, volume growing month after month. By late 2024, it had leapfrogged everyone. @JupiterExchange also managed to gain some marketshare against the others. 7. Jan 2025 to current: Hyperliquid Dominates Hyperliquid now commands the perp DEX market with more than 80% marketshare in May 2025. dYdX v4, ApeX, and others still trade—but the race isn’t close anymore.
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We are currently witnessing the most influential and vertically integrated AI empire being built by @sama It’s bold. It’s terrifying. And while it's starting to spark conversations, the implications are still vastly underestimated. Here’s what he’s putting together—piece by piece: 1) Core AI Models @OpenAI under Altman has shipped frontier models like GPT-4.5 and GPT-4o—with GPT-5 on the way. ChatGPT is already the most downloaded app on earth, while these models quietly power the AI engines of the world’s biggest companies. 2) AI Hardware $6.5B to acquire Jony Ive’s design startup, io. Ive—the mind behind the iPhone—is now leading OpenAI’s hardware vision. Expect AI-native devices that redefine how humans interact with machines. 3) Compute Infrastructure A 1-gigawatt AI super-datacenter—Stargate UAE—is being built with G42. That’s nation-scale compute power in a single project. Meanwhile, OpenAI is setting up similar ventures in the US. 4) Identity & Human Verification @worldcoin, Altman’s crypto-biometric project, scans irises to verify humanity—already at 26M users. In an AI-saturated future, it could become the default layer for proving you’re human online. 5) Social & Consumer Platforms OpenAI is reportedly building its own X/Twitter alternative—and has shown interest in acquiring Chrome if regulators ever split it from Google. That’s a browser, a social feed, and an AI layer, all potentially under one roof. 6) Developer Tools & Infra OpenAI acquired Windsurf (AI coding) for $3B and Rockset (real-time analytics). These form the software backbone for the next-gen AI stack. This isn’t just a company—it’s a stack. A full-stack bet on owning AI from silicon to society. It’s like watching a Black Mirror episode being written live... and we’re in the cast!
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On a serious note, can someone help me understand how Move was supposed to be more secure and why did that not work in the case of Sui hack?
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