Ecosystem Update October 2024

Dear investors,

We're thrilled to share our October 2024 Ecosystem Update. This detailed report explores the latest market trends and events, highlights notable developments within the Advanced Blockchain ecosystem, and features recent organizational developments. Furthermore, it provides an extensive overview of our progress and insights into the broader industry landscape.

Macro Industry View

Total Market Cap in October

The cryptocurrency market experienced notable shifts from October 1 to October 31, 2024, with the total market cap gradually rising from as low as $2.2 trillion in the beginning of the month, to over $2.5 trillion at the end of the month, marking a 15% increase.

Throughout October, significant ETF inflows-particularly in Bitcoin ETFs-helped drive market cap growth as they facilitated regulated and accessible exposure for institutional investors. A climb of Bitcoin ETF flow started from Oct 23, capped at $870 million on Oct 29, highlighted robust institutional interest that helped push Bitcoin's price close to historical highs, reinforcing a bullish outlook across the sector.

Overall, October's market cap trends reflected a mix of institutional confidence bolstered by ETF inflows and macroeconomic policy support, such as the U.S Fed rate cut and China economy stimulus from late September.

Key events in October

1. MicroStrategy NAV Premium Hit All-Time-High: MicroStrategy's net asset value (NAV) premium, divided by MicroStrategy's market cap by its Bitcoin stack, recently reached its highest level since 2021. This rise indicates investor enthusiasm about Bitcoin's potential price increase, as MicroStrategy holds a significant $15.1 billion BTC reserves. In addition, on Oct 30, MicroStrategy initiated a plan to sell its shares to raise up to $42 billion, in order to absorb more Bitcoins into its stomach.
2. Bitcoin ETFs recorded $870 million in inflows on Oct 29, as Bitcoin approached its all-time highs. This substantial investment reflects strong demand from institutional investors, especially as spot Bitcoin ETFs provide a regulated avenue for exposure to the asset.
3. Bitcoin's dominance in the cryptocurrency market has surged past 60% for the first time since its previous all-time highs in April 2021. This strong market trend signals positive momentum across the digital asset landscape, benefiting a broad range of projects. You can view the live Bitcoin Dominance Chart on TradingView.
   
   

Ecosystem Key Updates

Silencio - Silencio announced the launch of its V2 app, bringing its mission to life with an improved interface, enhanced features, and opportunities for users to earn rewards while contributing to a healthier, quieter environment. Silencio has surpassed 350,000 sensors on the Silencio Network and reached 40,000 Followers on X! In addition, Silencio's scientific advisors, Prof. Enda Murphy and Prof. Eoin King, recently represented the organization at the "Technology for a Quieter America" symposium in Washington, spotlighting the role of citizen science mapping with the Silencio platform.

Peaq - Announcing peaq's official launch date: 12 November. Global interest in DePIN technology continues to grow, spotlighting peaq's innovations in this space.. The number of connected devices is approaching the 2 million mark. Furthermore, the community is expanding rapidly, with 25 new ambassadors joining to support peaq's mission worldwide. Exciting milestones ahead as peaq strengthens its leadership in decentralized infrastructure.

Light - Light Protocol co-hosted the inaugural Solana Zero Hackathon focused on ZK Compression, attracting over 160 registrants and receiving more than 40 final submissions, showing lots of traction.

TLX - The TLX protocol recently surpassed $450 million in total leveraged token trading volume. Furthermore they restructured their tokenomics and significantly reduced emissions and burned a substantial portion of the total TLX supply.

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Composable - Mantis has introduced a new credit system aimed at boosting user incentives. The team also announced key technical partnerships, including a collaboration with Everclear for Solver rebalancing and ABK Labs, a technology advisory firm specializing in blockchain and AI. Through the partnership with ABK Labs, Mantis will ensure its SVM rollup validator stays fully aligned with Solana Mainnet. Additionally, the Mantis Testnet Phase 2 is now live, marking another significant step in its development journey.

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Contango - Contango's token sale on Fjord Foundry was a huge success, selling out $3 million in just four hours with a $45 million FDV. Open interest on Contango has returned to an all-time high, now reaching $380 million. The team also announced new partnerships with Usual, Fluid and many more, advancing their features further towards the end user. Additionally, Contango recently surpassed the $4 billion mark in total volume traded within just a year. The highly anticipated $TANGO token launch went successfully as notable on the price chart.

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Moxy - Moxy has announced a partnership with Movement Labs to shape the future of competitive gaming. The team recently relaunched their website, joined live spaces, and now offers scalable tournaments with real rewards. Moxy is targeting Web2 users and guiding them on-chain for a seamless transition into Web3 gaming.

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Myso - Myso Finance is undergoing another round of audits in preparation for the launch of MYSO v3. This update aims to enhance treasury capital efficiency and provides users with flexible on-chain options, featuring optimal execution and transparent settlements. In response to past CeFi counterparty risks, MYSO v3 introduces non-custodial, counterparty-free covered calls, setting a high standard for secure options trading.

Celestia - Celestia has released key insights marking one year since mainnet launch, showcasing platform growth and usage statistics. Additionally, Flame, the first native DeFi app on Celestia, has officially launched, expanding the ecosystem opportunities further.

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AO - AO has introduced live tracking of key metrics, available at ao.link, with over 800 million messages sent and 2.3 million tokens minted out of the 21 million total supply. Additionally LoomSDK launched a new bridge connecting Unity to AO on Arweave. The team also shared educational insights on their technological innovations, including holographic state, via Twitter for curious supporters.

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DELV (formerly Element) - Fixed Borrow was launched-a new solution that aims to eliminate unpredictable DeFi borrowing rates, allowing users to lock in a fixed rate on borrowing costs, providing stability, control. It will function as a tool to protect against sudden market swings and rising rates, helping users manage risk when leveraging assets. Furthermore several new yield sources have been added to the DELV ecosystem.

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ABAG Update October

Thank you for keeping up with us and reading this far. October was an incredibly busy and productive month for the entire Advanced Blockchain team as we continue to build up new internal structures and reposition ourselves in the market under the new leadership.

Updated Portfolio Overview
Early in the month, we released an update on our top 15 holdings, offering investors a comprehensive snapshot of our most valuable projects. This portfolio overview reflects our commitment to long-term value creation through careful diversification and our continuous efforts to enhance transparency. We aim to provide our investors with insights into our allocation strategies, giving a comprehensive view of how we're managing assets across high-impact sectors in DeFi and blockchain infrastructure. Read the full update here.

Capital Efficiency Through Strategic Treasury Deployment
As part of our strategy to enhance capital efficiency, we deployed $100,000 in the stablecoin DAI to farm the AO Token. This move is in line with our strategy of meaningful asset utilization, where we leverage treasury funds to support innovative projects and optimize returns for our investors. Our investment in AO underscores our commitment to supporting pioneering infrastructure projects in the blockchain space, and we are excited about the role AO can play in the space. More details are available in our company announcement on AO. Furthermore Advanced Blockchains other investment, Permanent Ventures, also deployed funds in order to mint AO token, which additionally increases our exposure to the AO Token.

Enhanced Investor Relations and Team Expansion
Transparency and stakeholder engagement are core values at Advanced Blockchain. To enact these principles, we're pleased to welcome back Vivian Lange, who will lead our Investor Relations and Communication activities and collaborate closely with future CFO Maik Laske once he is officially appointed. Vivian's expertise will be vital in fostering deeper connections with our investors and ensuring clear communication about our progress, portfolio performance, and strategic initiatives.

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Forging New Partnerships at Blockchain Life
In October, our team also participated in Blockchain Life, one of the industry's larger events in the Middle East, where we met with both existing and potential partners. This event allowed us to explore new partnerships that align with our mission of building essential infrastructure for a decentralized economy.

Commitment to Diligent Reporting and Transparency
We are actively working on finalizing our numbers to keep our investors fully informed. As part of this process, we are prioritizing quality and thoroughness in our internal restructuring efforts. While we initially aimed to publish our consolidated financial statements sooner, our focus remains on delivering reliable, accurate and comprehensive results for our stakeholders and we thank you for your patience and trust in us.

What lies ahead for the remainder of 2024?

• Eigenkapitalforum - November 25-26, 2024
• Annual Shareholder Meeting - December 4, 2024

We look forward to sharing further updates as we grow together toward a transformative future. If you have ideas or feedback, we would be delighted to receive them on one of our various channels.

Best regards,
Advanced Blockchain

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