Weekly Market intelligence report

• Twitterscan .nft saga:
  Twitterscan has resisted calls for its NFT registration and minting to be made public. When Twitterscan’s suffix was the same as those offered by another NFT domain seller supported by Coinbase, Unstoppable Domains, and launched earlier than the latter, it prompted a wave of infringement and received criticism from several community members.
• Aptos Mainnet has arrived:
  Following a flurry of funding injections from many venture capital (VC) firms, the new layer one blockchain network Aptos announced the launch of its mainnet. Move, a Rust-centric programming language used to create the blockchain system has the support of venture capital firms like Parafi, Andreessen Horowitz (a16z), FTX, and Multicoin Capital. Two Diem project developers started the Aptos project, and the chain supposedly has a parallel processing system that lets it execute 130,000 transactions per second (TPS)
• Mango Market Manipulation:
  On October 11, 2022, Mango Market was attacked for a total loss of roughly $116M . The attacker was able to manipulate the price of the MNGO token and exploitatively borrowed more assets than they were supposed to be able to.
• Sky Mavis staking AXS:
  Sky Mavis announced that the company will stake the 11,475,000 AXS tokens on its balance sheet to reinforce its long-term commitment to the Axie Infinity ecosystem.
• Dydx, a leading CLOB exchange:
  In 2021, dYdX introduced the Central Limit Order Book (CLOB) to DeFi perps. Users essentially get the same trading experience as CEX, but on chain. dYdX, therefore, took off. With the subsequent release of dYdX v2, their average monthly volume in the first half of 2021 increased to $1.27 billion. It was their highest month, with a total trading volume of $105B in October 2021.
• Venture Capital Deals:
  Last week, there were a few notable venture capital deals that took place. One of the most notable was the $165 million that was invested into one of the largest decentralized exchanges operating on the Ethereum Blockchain.