Sumcap
@Sumcap
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Research, conviction & capital as catalyst. Ξ£ DeFi-native yield fund.
Joined October 2021
Plasma launched with 55+ protocols and $2.7B+ in pre-commit TVL, through partnerships with @binance, @ether_fi, @maplefinance, & @MidasRWA. A clear success, but what does the data reveal beneath the surface? Introducing the @Plasma Dashboard π π https://t.co/fafRV9TdHV
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Mainnet and TGE on the 12/08 at 13h UTC - @stable just released their tokenomics! This means that the settlement date for the $STABLE airdrop has moved from the speculated 31st Dec to 8th Dec. Point distribution updates: - π’ Phase 1: 53.8% β 60.9% - π΄ Phase 2: 46.2% β 39.2%
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π/ Thatβs it for today frens! We hope you enjoyed our summary of Fusaka and all its EIPs. If you want to stay up to date, you can follow us on X, or join our Telegram channel below: https://t.co/ME7kMZCq8G
t.me
Comprehensive market research, detailed industry insight and thorough project analysis to help you stay ahead of the curve. Find us: π https://sumcap.xyz/research π¦ https://x.com/Sumcap π§ Contact:...
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7/ Conclusion πΊοΈ As Ethereum prepares for the Scourge phase, Fusaka will act as a βbridgingβ fork, bringing the final and long-awaited touches to the protocol. In simple terms: β’ PeerDAS = Massive DA scaling β’ 60M Gas = Meaningful EL scaling β’ EIP-7918 + EIP-7892 and others
forkcast.org
PeerDAS enables nodes to specialize in storing subsets of data while maintaining security, dramatically increasing data capacity for Layer 2 networks. Live on mainnet Dec 3, 2025.
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6/ Other EIPs β The remaining 8 EIPs cover additional features and include: β’ EIP-7642 - History expiry prep & lighter receipts (-530GB sync bandwidth) β’ EIP-7823 - MODEXP input limits (8192-bit) for safer crypto ops β’ EIP-7825 - 16.8M TX gas cap for fair block space β’
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@nero_eth 5/ EIP-7918 + EIP-7892: Blob Economics Fixed βοΈ With blobs being central to Ethereumβs scaling, Fusaka addresses two persistent issues in blob economics. Previously, blob fees often fell to 1 wei whenever execution gas dominated costs. This undermined the fee market and
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4/ EIP-7935: 60M Gas Limit π After Pectraβs EIP-7783, Fusaka raises the gas limit once again - doubling it to 60M relative to the start of the year (30M). With this, Ethereum will become cheaper than ever: Gas limit increase β more block space β reduced congestion β lower
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3/ EIP-7594: PeerDAS π By far, the most awaited improvement of Fusaka is PeerDAS, or Peer Data Availability Sampling. Using KZG proofs, PeerDAS allows nodes to sample a small fraction (1/8) of blob data and compare it with what their peers are holding. Essentially, nodes can
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2/ Fusaka (EIP-7607) π Named after the combination of Fulu (the EL update) and Osaka (the CL update), Fusaka is the final hardfork of the Surge phase. Like the previous hardfork, Pectra, Fusaka introduces 12 EIPs, covering topics from L1 throughput increases to Blob
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1/ The Scaling Roadmap In 2022, just 2 months after the #Merge, @VitalikButerin released a detailed and updated roadmap for Scaling Ethereum. The roadmap was split into 6 distinct phases, each defined by a specific goal: β’ β
Merge - Transition Ethereum from PoW to PoS β’ β
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After 9 days and $1.7B in cumulative $USDC deposits - Phase 2 of @stable's pre-mainnet campaign ended with +$1.1B in eligible funds. After accounting for the min $1k allocation - the final pro-rata distribution came out to ~45%, while the remaining 55% was returned to users.
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π/ Thatβs it for today frens, we hope you enjoyed our take on the Stable pre-mainnet campaigns. If you want to stay up-to-date, you can follow us on X or join our Telegram channel below: https://t.co/ME7kMZCq8G
t.me
Comprehensive market research, detailed industry insight and thorough project analysis to help you stay ahead of the curve. Find us: π https://sumcap.xyz/research π¦ https://x.com/Sumcap π§ Contact:...
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3/ Airdrop Value πͺ The campaign concluded with $1.3B in TVL secured across 2 phases and X depositors. Speculating on the airdrop value across airdrop allocation % and key FDV levels: - 1οΈβ£ $XPL open - $8.8B - π $XPL peak - $16.7B - π Current $XPL valuation - $2.4B We find
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2/ Phase 2οΈβ£ Unlike Phase 1, this round added: - πͺͺ KYC, - π Deposit limits, - π± and pro-rata allocation. Launched on 11/06 via @hourglasshq, Phase 2 saw 35,207 users deposit $1.76B - oversubscribing the $500M cap by 3.5x. Deposits were limited to $1M per wallet, with some
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1/ Phase 1οΈβ£ With a cap of $825M, deposits via @ConcreteXYZ opened on the 10/23 and got filled in a matter of ~22min. For Phase 1, @gauntlet_xyzβs @MorphoLabs vaults were used, and deposits were split between: - π’Β $USDT - $775M across 3050 depositors - β«οΈ $frxUSD - $50M across
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Stable, backed by @bitfinex and @USDT0_to, has been capturing attention with its campaigns. In just two phases, it has achieved: - $1.325B in committed TVL - Over 35,000 participants - $1.26B in oversubscribed funds Here's what depositors can expect π
Over $2.6 billion in total deposits across Phase 1 and Phase 2 of the Stable ecosystem-led Pre-Deposit Campaigns, with participation from more than 26,000 wallets. We appreciate everyone in the community who took part. Onward.
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