Bankless ROLLUP: 3rd Week of March (Elon Musk NFT Song, Stimulus Checks, Canada ETF, Gemini & Aave)
Mar 19, 2021
Delve into the latest crypto buzz as discussions reveal how stimulus checks may influence Bitcoin prices. The fascinating rise of DeFi and Ethereum's market movements are analyzed, alongside innovative gems like ZK Money for secure transactions. Tune in for the cultural significance of NFTs, especially Elon Musk's creative ventures! The conversation also touches on Bitcoin's environmental impact and the evolving landscape of decentralized finance, making it a must-listen for crypto enthusiasts.
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Black Thursday Reflection
- David Hoffman recalls Black Thursday when ETH plummeted and COVID-19 became real.
- This event triggered discussions about working from home and highlighted the market's sensitivity to global events.
Uniswap's DEX Dominance
- Uniswap dominates the DEX space, capturing 57% of the volume, showcasing the power of simple AMMs.
- Basic AMMs like Uniswap and SushiSwap account for 70% of DEX volume, proving the effectiveness of simplicity.
ZK Money and Privacy
- ZK Money offers privacy on Ethereum, similar to Zcash, but as an application.
- Users can deposit ETH into the ZK Money rollup for private transactions with low fees.
