The Gray Scale moves its objective of the simple exposure of layer 1 to protocols that vibrate AU. The new DeepBook and Walrus trummies give investors direct access to the liquidity and data layers that underlie one of the fastest growth ecosystems in the crypto.
Summary
- Grayscale launches Deepbook and Walrus Trusts, giving accredited investors an exposure to Liquidity and Data Protocols.
- Travel brands move to investing in blockchain infrastructure on layer 1 tokens.
- Deep and Wal tokens jumped 12% and 7% after the announcement, although both remain volatile.
According to a press release dated August 12, Grayscale launched two new unique investment trusts linked to Deepbook (Deep) and Walrus (Walrus) protocols (Walrus), marking the first incursion of the company in infrastructure at the level of the protocol beyond its existing trust.
This decision gives accredited investors a direct exposure to the central limits order book and its data layer on chain. The two protocols are positioned as essential components of the design of sui, allowing trading with low latency and the storage of evolving data and concerned about confidentiality for a range of DEFI, games and social applications.
Why gray levels are betting on the economy of the Su sur protocol
Graycale’s decision to throw Deepbook and Walrus Trusts reflects a calculated change in institutional cryptography strategy, the priority focused on infrastructure allowing the adoption of blockchain on speculative tokens. While most active managers focus on layer 1 tokens, gray levels target protocols that solve the bottlenecks in the real world: Deepbook for institutional quality liquidity and Morse for data storage on evolutionary chain.
“We believe that these two product launches are a fundamental moment in the trip of the SUP ecosystem,” said Adeniyi Abiodun, co-founder and CPO at Mysten Labs. “Since the Foundation of Suit, the Mysten Labs team, as well as the contributors to the network, have not rested on our laurels, because we continue to provide crucial infrastructures to the wider blockchain ecosystem.”
This decision is aligned with the rapid growth of the SU ecosystem. At the time of the press, Deep and Wal ranked 113rd and 110th by market capitalization at $ 580 million and $ 609 million, respectively, according to CoinmarketCap data.
The two tokens experienced immediate price overvoltages after Graycale’s announcement. Deep jumped from $ 12% to $ 0.1691, while WAL gained $ 7% to $ 7%, a sign that the markets respond to the validation of these protocols by a large institutional actor.
According to the press release, the Deep and Wal De Graycale trust are now open to daily subscriptions, but the company has warned investors on risks. The two protocols are relatively new, with unproven adoption curves, and their tokens remain very volatile. There is also no guarantee that the trusts will never exchange on the secondary markets, a recurring obstacle for the unique active products of Graycale.
