The market has been moving like Usain Bolt in a marathon - Narratives are perpetually changing, at an extremely fast rate. Jotting down some notes on the trends/conversations I’ve seen on Twitter and ideating on trade ideas/solutions it could potentially translate into eventually

Trends / Conversations

1. Data

   Been seeing more talk around cloud and data - case in point here with Georgios

   Comprehensive data ecosystem map can be found here - useful to identify some potential tokens - thinking of $POKT as a strong contender

   Co-processors might also benefit from this narrative, given its ‘data access’

   Others would be DePIN x AI plays like $MOBILE / $HONEY / $DIMO etc.

2. Solana L2

   Discussion can be found here

   Very interesting to see that the community is almost exactly 50/50 split at the idea of Solana L2

   Think the play here could be $NEON - since it is an EVM that capitalizes on Solana tx ordering mechanism to increase throughput - similar to the concept of L2s improving execution

   Areas that might be interesting to keep an eye out for should Solana L2s come to fruition would be composable solutions like shared sequencers (Rome Protocol), and perhaps bring some attention to ZK in Solana (Light Protocol)

3. L3s

   Market seems to be looking towards L3s for more use cases - is it a natural progression to L2s / is it a narrative - maybe it’s both

   Projects to keep a look out for would be $XAI and Stack, the recent L3 built using OP Stack for maintenance of points systems

4. State Bloat

   Discussion thread here

   Hasu and Jon discussed this topic in-depth in Uncommon Core podcast - will need to revisit it to find opportunities within this space

5. Execution Tickets

   Something is going on here but I have yet to figure out what is going on here

6. RWA

   $ONDO condo strong after BlackRock announces tokenizing of a fund with $BUIDL token. Clearpool has been performing very well

   We still have more to see from RWA chains like Plume and perhaps more from Avalanche

Upcoming Events

1. Electra Upgrade

   MaxEB will likely affect DVTs and LSTs, perhaps LRTs as well. - will have to listen to Jungle by Christine Kim to figure out opportunities there

   It is a 6 - 9 months timeframe before the upgrade rolls around - an opportunity to see price action similar to $OP and $ARB before EIP-4844 rolled around

2. Arbitrum Gaming Fund

   $400 mil gaming fund approved - $XAI seems to be the low-hanging fruit

   High-hanging fruit might be… actually playing the game and farming?

   A list of Arbitrum games can be found here

3. Liquid Staking / Restaking on Solana

   Sanctum launched - I see it as an opportunity to serve as liquidity layer of Solana - which is huge considering the amount of airdrops coming to the ecosystem soon (e.g. Kamino, Tensor, Parcl etc.)

   $JITO might catch a bid after they announce StakeNet - which is likely a piece of infrastructure for restaking