PLUS: A third of BTC's supply hasn't moved in 5 years... July 18, 2023 | [Read Online]( Todayâs edition is brought to you by [Dimension X]( - a free-to-play game on Flow blockchain that will be launching on ETH on August 8th! [Join their allowlist raffle]( for an upcoming FREE drop! GM. This is Milk Road, your personal crypto chauffeur. We'll steer you away from market roadblocks and navigate you towards success. Hereâs what we got today: - 4 big protocol updates coming your way ðª - ~30% of BTCâs supply hasnât moved in 5 years ðª - XRP trading volume surpassed BTC trading volume ðª Prices as of 9 AM ET. 4 BIG PROTOCOL UPDATES YOU NEED TO KNOW ðª Yesterday felt like science fair in middle school (OG ones did that potato electricity project back in the day.) Except this time, itâs all about crypto. And the software updates and new protocols they launched. Here are 4 that weâre watching closely⦠1/ Uniswap launched a new trading protocol [Uniswap]( is a popular [decentralized exchange]( with ~$3.8B in total value locked (TVL). It just launched a new trading protocol - UniswapX. Hereâs everything you need to know: - It aggregates a bunch of liquidity sources (like automated market makers) and lets third-party âfillersâ compete to execute trades. - You can swap without having to pay gas fees (theyâre already folded into each transaction.) That means you donât need a networkâs native token (like ETH) to make a trade. - It protects you against [MEV]( bots. - You have to opt into it on Uniswapâs main platform. So what? DEX trading isnât perfect. Liquidity can dry up quicker than the Sahara, which makes it harder for usersâ trades to be processed. UniswapX is looking to change that. More liquidity = easier/cheaper trades. 2/ Chainlink rolled out a new cross-chain protocol Chainlink is a blockchain oracle network. And it just launched whatâs called a Cross-Chain Interoperability Protocol (CCIP.) Blockchains do a lot of things. But they donât have a way to talk to each other. This could help big time with that. It wants to connect all blockchains and banks. Chainlink teamed up with SWIFT for it - thatâs the network big banks use to make international money transfers. Crypto ð¤ TradFi. Only some users on 5 testnets (including Avalanche & Ethereum) are trying it out now. But itâll eventually hit that sweet, sweet mainnet, where everyone can use it. 3/ [Aave]( rolled out updates to Lens Lens Protocol is a decentralized social media app. Hereâs whatâs new on it: - When you do something on-chain, that activity can be instantly shared on social media, like via a newly minted [NFT]( to mark the occasion. - Allow you to block other users. Shade, but make it blockchain. - Makes it easier to move content across Lens apps and monetize off of it. #SideHustle - Lets you have multiple handles for each profile. Lens over here trying to recruit the creators. 4/ Polygonâs big-deal upgrade is coming sometime this month Polygon is an Ethereum-based [layer-2]( blockchain (it processes transactions off the main chain so the network doesnât get clogged.) Well, say hello to Polygon 2.0. Itâll: - Make it easier to create new chains within the Polygon network and use zero-knowledge proofs to process transactions. That makes everything cheaper & faster. - Launch a bridge so users wonât need to deal with wrapped tokens anymore. (Like when you use WBTC if youâre trying to deploy [Bitcoin]( off its native blockchain.) One giant step toward multichain scalability. [GET READY TO DROP INTO DIMENSION X]( Web3 gaming has a serious problem: Most of the games simply arenât fun. With most Web3 games, once a user stops earning, they stop playing. And to even get started playing, you often need to buy an NFT. Well, the Milk Man is delivering some good news to Roaders today: [The landscape is changing.]( Introducing [Dimension X:]( - Itâs free to play, and actually fun ð® - They already have a proven track record on Flow Blockchain â
- You can compete with other players and mint new heroes 𦸠The best part? They are kicking off their ETH launch with a free drop of 10,000 NFTs to be used in the game. And [the allowlist raffle]( just kicked off yesterday. Watch the hype build for their upcoming free drop and game release on August 8th! [Game On!]( ALMOST A THIRD OF BTCâS SUPPLY HASNâT MOVED IN 5+ YEARS ðª I got a crazy stat for you⦠29.1% of BTCâs supply hasnât moved in over 5 years. (!!) [Caleb Franzen/Twitter]( The crazier part? In that time, [BTCâs price]( dropped more than 50% - five separate times. Itâs also pretty interesting to see other timeframes: - 69.1% of BTCâs supply hasnât moved in 1+ years - 55.7% of BTCâs supply hasnât moved in 2+ years - 40.1% of BTCâs supply hasnât moved in 3+ years Bitcoiners either have strong Diamond Hands, or⦠They have Butter Fingers, lost the private keys, and canât access the BTC. (A moment of silence for them.) MILK & COOKIES ðª [Phemex just opened early access airdrops to everyone.]( Users can cash in for trading on the platform, with 10% of their upcoming tokenâs supply being airdropped to active traders.* [XRP trading volume surpassed BTC trading volume.]( XRP trades now make up ~21% of the total crypto trading volume. [National Australia Bank (NAB) is blocking payments to âhigh-riskâ crypto platforms.]( That nows... checks notes... three of the âBig Fourâ banks in Australia that have blocked crypto payments. [Patrick Mahomes launched a new NFT marketplace, called Museum of Mahomes.]( Some of the NFTs will be tied to perks like game-worn items, physical trading cards, autographed jerseys, etc. [Gnosis launched a new, self-custody Visa debit card.]( It lets users spend crypto in their self-custody wallet at any store that accepts Visa. *This is sponsored content MILKY MEMES 𤣠JOIN MILK ROAD PRO Look, we dig deep into crypto. But our new Milk Road Pro newsletter digs in even deeper. And weâre offering 50% off to subscribe for the first 3 months, or $10 a month (thatâs just 2 Cheesy Gordita Crunches. Câmon.) [Go Pro]( HIT THE INBOX OF 250K+ CRYPTO INVESTORS Advertise with Milk Road to get your brand in front of the Who's Who of crypto. The Roaders are high-income crypto investors who are always looking for their next interesting product or tool. [Get in touch today](. What'd you think of today's edition? - [ð¥ð¥ð¥ð¥ð¥ F**king great](
- [ð¥ð¥ð¥ Meh, do better](
- [ð¥ You didn't bring the heat]( ROADER REVIEW OF THE DAY VITALIK PIC OF THE DAY [tw profile: Milk Road Images] Milk Road Images @MilkRoadImages [tw] yippee ki-yay, Roaders Jul 18, 2023 0 Likes 0 Retweets 0 Replies DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. [tw]( [ig]( [yt]( [tk]( [in]( Update your email preferences or unsubscribe [here]( © Milk Road 603 Munger Avenue Suite 100 #1006
Dallas, Texas 75202, United States