Azuro thesis: infrastructure play on on-chain betting
Thread974 words
Bullish call$AZUR−99.8%since listing, moved against the callHow it played out ↓Argues for picking infrastructure over apps in on-chain betting via Azuro, a peer-to-pool prediction layer with a Liquidity Tree design. Cites 25+ frontends, $260M volume, $2.7M revenue, 22,000+ users and $11M raised, against a $500B global gambling market.
Key claims
Azuro has $260M volume, $2.7M revenue and 22,000+ users
Total funding of $11M
Global gambling market exceeded $500B in 2023
In 2022, the sports betting & lottery market size worldwide amounted to $235B.
The global gambling market reached a value of over $500B in 2023.
On-chain gambling & betting will be a billion dollar market too.
Alpha-🧵 on my main play! t.co/MzMLiBzXRB
1/ The mega-bull is upon us and on-chain betting will be huge.
As 100s of players emerge, competing for billion dollar volumes, new giants will be born and you are early.
In a gold rush, I bet on the guy selling the shovels rather than the one digging for gold.
2/ Many try to capture the GambleFi or more specifically on-chain betting narrative by trying to find "the next Rollbit".
It's an attempt to pick a winner out of 100s of players on the application layer.
This is difficult and the chances of success here are generally low.
3/ That's why personally, I prefer to invest on the infrastructure layer.
I don't have to pick the one app layer winner if I can invest in the backend that most applications or frontends are built on.
Less risk and the potential for huge multiples if market growth takes off.
4/ Meet @azuroprotocol.
The predictions layer, built to provide powerful tooling, oracle & liquidity solutions for any app and EVM chain.
This is what "the next Rollbit" will be built on anon.
5/ @azuroprotocol is battle-tested infrastructure with:
✦ 25+ Application Frontends
✦ $260M in Volume
✦ $2.7M in Revenue
✦ 22'000+ Unique Users
More than most singular application in the space can show for and primarily in a market (on-chain betting) that is still nascent.
6/ Okay but what actually is it?
@azuroprotocol is a unique infrastructure/liquidity layer solution for on-chain predictions.
It utilizes a new Liquidity Pool design, a.k.a. the Liquidity Tree, which creates and maintains market liquidity.
7/ @azuroprotocol is essentially a suite of smart contracts that together create a protocol, which supports thousands of sports markets & other games, plus a rich feature set.
8/ The protocol enables peer-to-pool prediction markets without intermediaries.
It's compatible with any EVM- blockchain and the several smart contracts involved, handle different aspects of the prediction process, such as:
✦ Liquidity Pools
✦ Odds
✦ Live Betting
✦ Payouts
9/ The protocol uses a hybrid oracle/ automated market maker solution to determine the odds of different outcomes and to ensure that the process is fair and transparent.
10/ This infrastructure can be used permissionlessly by anyone to create prediction-based applications & products with ERC-20 tokens, embedded integrations or derivative products on EVM-compatible blockchains.
11/ This is augmented by the Azuro Components, which make it quick & easy to build applications on @azuroprotocol.
While probably the most convenient one, the interface is only one of many ways one may build a dApp with Azuro's tooling and infrastructure though.
12/ Finally, there is a governance system for governing the @azuroprotocol.
The system will be powered by the $AZUR token, which is expected to launch soon.
13/ @azuroprotocol is on a mission to break down the barriers, creating a protocol dependent on community participation and ownership.
As a piece of critical on-chain infrastructure it aims to act as a black hole for liquidity in the on-chain predictions & gaming space.
14/ Just like we need DEXes like Uniswap or GMX to provide decentralized alternatives to @Coinbase and @Binance, we need decentralized alternatives to the likes of @Stake.
These alternatives will be utilizing @azuroprotocol's open markets and games running behind the scenes.
15/ This is more than just wishful thinking. @azuroprotocol's approach to concentrating liquidity can deliver much deeper liquidity vs any centralized options.
With Azuro widely accessible to developers, I'm sure this will find great product-market-fit.
16/ @azuroprotocol's open design allows anyone to launch a prediction site/app with no upfront costs and zero risk management capacity needed.
Allowing applications to launch in just a few hours, this is a true game-changer.
17/ The @azuroprotocol ecosystem is pretty impressive already, including:
✦ @BetSwirl
✦ @gamblrxyz
✦ @gamblino_app
✦ @bookmakerxyz
✦ @TeamBookiebot
✦ @BoxBetApp
✦ @YourJuicyBets
✦ @wager_bot
✦ @MeritCircle_IO
✦ @MetavaultTRADE
✦ @masknetwork
✦ +++
18/ Stop looking for the next Rollbit anon.
This is the better play and in terms of return potential this is the next Rollbit.
The giga-🧠s are already on to it.
x.com/Louround_/status/1777751208322638048
19/ As @Louround_ mentioned above, the final phase of the Azuro Points program (Azuro Score) is already running.
The score is the earliest way to earn $AZUR tokens. You can earn score by Providing liquidity or using the Azuro-powered apps (see post 17).
x.com/azuroprotocol/status/1768583106271850514
20/ If you missed it, the @azuroprotocol LBP is happening soon and for the reasons outlined in this thread I believe this could be a huge opportunity.
NFA but DYOR and don't fade the on-chain betting narrative anon.
The UEFA Championship this summer could be a big catalyst too.
21/ Football is the main volume driver in the sports betting on @azuroprotocol after all.
22/ That @azuroprotocol is up to something here is also evidenced in the positive evolution of the platform metrics.
Liquidity is growing.
23/ The number of active users is increasing steadily.
24/ Which translates into more activity, evidenced by the growth in transaction volume.
25/ Consequently, more revenue is generated.
Bullish.
26/ VCs think that too as @azuroprotocol's recent pre-launch round brings total funding to $11M from:
✦ @SevenXVentures
✦ @fenbushi
✦ @Arrington_Cap
✦ @polymorphiccap
✦ @DewhalesCapital
✦ @MeritCircle_IO
✦ @Delphi_Digital
✦ @alliancedao
✦ +++
x.com/azuroprotocol/status/1778417282940571712
27/ Fade at your own risk anon.
Highly recommend you to DYOR here.
Placing the right bet can be a potential life-changer in a high-growth sector like this.
I hope you've found this thread helpful! 🫡
Make sure to follow me @zerokn0wledge_ to stay ahead of the curve on the predicition market and on-chain betting game! ⚽️ 🎲
Like/Repost of the below post is also highly appreciated! 🙏👇
15 images on X
How the call played out · since 18 Apr 2024
Prices as of 23 Oct 2026This piece takes a view on $AZUR, so that move is read against the call.
Picking infrastructure over apps in onchain betting, Azuro's peer-to-pool Liquidity Tree already serves 25+ frontends with real volume and revenue.
−99.8%
Moved against the call · since it listed on 20 Jun 2024, 2 months after this piece
- At listing
- $0.133
- Now
- $0.000222
- vs BTC
- −99.9%
- After 1 month
- +56%
- After 3 months
- −32%
- After 1 year
- −95%
- High since
- +70% 21 Jul 2024
- Low since
- −99.8% 23 Oct 2026
Since then
Zero has written 6 more pieces on Azuro and $AZUR since this one.
- Prediction markets and onchain betting: Azuro and PolymarketBullish call on $AZUR
- Polymarket hits $300M July volume; Azuro (AZUR) as the token playBullish call on $AZUR
- Azuro (AZUR) as the undervalued prediction market play vs PolymarketBullish call on $AZUR
- Azuro as the infrastructure bet on on-chain betting ahead of its fair launchBullish call on $AZUR
Daily closes in USD from DefiLlama and Yahoo Finance. Only a bullish or bearish call in a thesis or market take is tracked; explainers, lists, maps and mentions are neutral context. Not financial advice.