3 months ago
At the request of the community we now have merch available for you to represent $POPDOG !!! ๐๐งข ๐ถ
You can purchase using $SOL , $USDC and even $POPDOG token! Traditional payment methods such as PayPal, Credit / Debit cards can also be used. ๐ณ
Stay tuned for more merch being added and if you have any suggestions for new items, drop them in the comments โฌ๏ธ
POP into their website below and get some merch today to support! ๐ช๐ถ
https://galiamerchants.com.../
GaliaMerchants (https://x.com/GaliaMerchan...)
You can purchase using $SOL , $USDC and even $POPDOG token! Traditional payment methods such as PayPal, Credit / Debit cards can also be used. ๐ณ
Stay tuned for more merch being added and if you have any suggestions for new items, drop them in the comments โฌ๏ธ
POP into their website below and get some merch today to support! ๐ช๐ถ
https://galiamerchants.com.../
GaliaMerchants (https://x.com/GaliaMerchan...)
3 months ago
โ ๏ธ IMPORTANT SECURITY ALERT โ ๏ธ
Maestro Family: We've noticed an increase in scam ads on Telegram falsely promising cryptocurrency airdrops and financial rewards in our name.
Stay safe:
We ONLY communicate through our official channels!
All legitimate Maestro links can be found at: https://linktr.ee/MaestroB...
Remember: If it sounds too good to be true, it probably is. No legitimate airdrop or reward will ever ask for your private information or wallet credentials.
Protect yourself and your fellow community members by reporting suspicious activity and sharing this message.
Stay SAFU! ๐ก
~Team Maestro
Maestro Family: We've noticed an increase in scam ads on Telegram falsely promising cryptocurrency airdrops and financial rewards in our name.
Stay safe:
We ONLY communicate through our official channels!
All legitimate Maestro links can be found at: https://linktr.ee/MaestroB...
Remember: If it sounds too good to be true, it probably is. No legitimate airdrop or reward will ever ask for your private information or wallet credentials.
Protect yourself and your fellow community members by reporting suspicious activity and sharing this message.
Stay SAFU! ๐ก
~Team Maestro
4 months ago
๐จ Solana has launched the world's first online hackathon dedicated to AI, which will run until December 23 with cash prizes of up to $30 ,000 in some categories.
Other components cover AI infrastructure, tokenization tools, autonomous chat agents, social agents/influencers...
Other components cover AI infrastructure, tokenization tools, autonomous chat agents, social agents/influencers...
5 months ago
Don't just watch the market. Be ready for it. ๐
Make Maestro Scraper your extra edge.
Catch it all with:
๐ Multi-channel monitoring 24/7
๐ Smart duplicate filtering
๐ฅ Admin/User/Pinned/Bot message control
โก๏ธ Instant contract forwarding to the bot
Maestro Scraper has your back while you touch grass.
https://docs.maestrobots.c...
Scraper support for #Ethereum , #BSC , #Solana , #TRON , #Base , #Arbitrum , and #TON
Make Maestro Scraper your extra edge.
Catch it all with:
๐ Multi-channel monitoring 24/7
๐ Smart duplicate filtering
๐ฅ Admin/User/Pinned/Bot message control
โก๏ธ Instant contract forwarding to the bot
Maestro Scraper has your back while you touch grass.
https://docs.maestrobots.c...
Scraper support for #Ethereum , #BSC , #Solana , #TRON , #Base , #Arbitrum , and #TON
5 months ago
COPY SOLANA CHADS, STACK GAINS
Maestro streamlines copytrading so you skip the headache.
๐ Replicate big brain wallets
โก๏ธ Match or frontrun their plays
๐ก๏ธ Fast speeds even with anti-MEV
๐ฎ Your wallet, your rules
Spot a wallet that's printing? Paste the wallet address, customize your settings, let it ride on auto-pilot and score.
Start Copytrading โ http://t.me/Maestro
Docs โ http://docs.maestrobots.co...
#Solana $SOL #TradingBot #MaestroBots
Maestro streamlines copytrading so you skip the headache.
๐ Replicate big brain wallets
โก๏ธ Match or frontrun their plays
๐ก๏ธ Fast speeds even with anti-MEV
๐ฎ Your wallet, your rules
Spot a wallet that's printing? Paste the wallet address, customize your settings, let it ride on auto-pilot and score.
Start Copytrading โ http://t.me/Maestro
Docs โ http://docs.maestrobots.co...
#Solana $SOL #TradingBot #MaestroBots
6 months ago
Every month, set new goals for yourself:
- Profit goals
- Activity hours in front of your monitor (per day)
- Amount to withdraw to your bank
- Win rate
- Dedicate some time to finding new wallets to track
- Invest time into improving your entry & exit timings & learning TA
Opportunities like these don't last forever, lock in
- Profit goals
- Activity hours in front of your monitor (per day)
- Amount to withdraw to your bank
- Win rate
- Dedicate some time to finding new wallets to track
- Invest time into improving your entry & exit timings & learning TA
Opportunities like these don't last forever, lock in
6 months ago
๐จ Grayscale places $Doge , Worldcoin, $Pyth and $Rune on a list of 35 cryptocurrencies with high potential.
Grayscale has listed 35 cryptocurrencies broken down into 5 main categories:
๐น Coins
๐น Smart Contract Platforms
๐น Finance
๐น Culture
๐น Public services.
Grayscale is considering potentially including them in its selection of crypto investment products.
Grayscale has listed 35 cryptocurrencies broken down into 5 main categories:
๐น Coins
๐น Smart Contract Platforms
๐น Finance
๐น Culture
๐น Public services.
Grayscale is considering potentially including them in its selection of crypto investment products.
6 months ago
๐๏ธ Justin Sun is elected Prime Minister of the unrecognized micronation of Liberland.
Liberland is a micronation located between Croatia and Serbia, and holds 99% of its reserves in Bitcoin.
The Tron founder said he would promote the idea of โโsmall government as a model for the world.
Liberland, a micronation that holds 99% of its reserves in Bitcoin, has elected Tron founder Justin Sun as its new prime minister.
"Just as Vatican City represents a central spiritual authority for Catholics, Liberland will be the heart of the libertarian movement."
Liberland is a micronation located between Croatia and Serbia, and holds 99% of its reserves in Bitcoin.
The Tron founder said he would promote the idea of โโsmall government as a model for the world.
Liberland, a micronation that holds 99% of its reserves in Bitcoin, has elected Tron founder Justin Sun as its new prime minister.
"Just as Vatican City represents a central spiritual authority for Catholics, Liberland will be the heart of the libertarian movement."
6 months ago
PREMIERE:
The Problem of Misinformation
We sat down with leading free speech & individual rights advocate NicoPerrino, currently serving at the Foundation for Individual Rights & Expression (TheFIREorg) -- topics include:
๐คณ The role of social media
๐คซ The dangers of having a "Ministry of Truth"
๐ค The future implications of AI on free speech
๐ Increasing government control over digital speech
๐ฅธ How misinformation and disinformation are shaping our society
Tune in to hear about the parallels between historical moments of technological change and today's digital challenges, and why timeless principles of free speech remain more relevant than ever ๐
The Problem of Misinformation
We sat down with leading free speech & individual rights advocate NicoPerrino, currently serving at the Foundation for Individual Rights & Expression (TheFIREorg) -- topics include:
๐คณ The role of social media
๐คซ The dangers of having a "Ministry of Truth"
๐ค The future implications of AI on free speech
๐ Increasing government control over digital speech
๐ฅธ How misinformation and disinformation are shaping our society
Tune in to hear about the parallels between historical moments of technological change and today's digital challenges, and why timeless principles of free speech remain more relevant than ever ๐
6 months ago
๐จ Britain Gambling Commission pursues Sorare.
According to the British regulator, the web3 fantasy game is a gambling game and therefore operating without a license.
Sorare denies the charge of unlicensed gambling.
โYou may have seen the statement made today by the UKGC. Please be assured that this does not change the way our site operates if you are a UK resident. We will continue to operate as normal and you will be able to continue to play as usual.
We of course strongly deny any allegations that Sorare does not comply with UK laws. We have created a new category of games, built an innovative product concept while using emerging technology.
The Commission is misinterpreting and misapplying the law in applying it to Sorareโs business. We are taking steps to ensure this is rectified and have instructed our UK lawyers to challenge the allegations currently being made by the Commission.
We have always maintained a proactive and constructive approach with regulators around the world, and we will continue to do so.โ
Says Nicolas Julia, CEO of Sorare.
According to the British regulator, the web3 fantasy game is a gambling game and therefore operating without a license.
Sorare denies the charge of unlicensed gambling.
โYou may have seen the statement made today by the UKGC. Please be assured that this does not change the way our site operates if you are a UK resident. We will continue to operate as normal and you will be able to continue to play as usual.
We of course strongly deny any allegations that Sorare does not comply with UK laws. We have created a new category of games, built an innovative product concept while using emerging technology.
The Commission is misinterpreting and misapplying the law in applying it to Sorareโs business. We are taking steps to ensure this is rectified and have instructed our UK lawyers to challenge the allegations currently being made by the Commission.
We have always maintained a proactive and constructive approach with regulators around the world, and we will continue to do so.โ
Says Nicolas Julia, CEO of Sorare.
6 months ago
We are thrilled to announce a utility based partnership with our friends from $Sato on Solana for the Sato Meme Booster! ๐ค
Another dedicated team with great values and a Utility to help accelerate $POPDOG โs growth!๐๐ถ
For more details join them here: SatoSOL_ (https://twitter.com/SatoSO...)
Check out their website: http://sato.meme
#SATO #POPDOG #Solana #MEMES
Another dedicated team with great values and a Utility to help accelerate $POPDOG โs growth!๐๐ถ
For more details join them here: SatoSOL_ (https://twitter.com/SatoSO...)
Check out their website: http://sato.meme
#SATO #POPDOG #Solana #MEMES
6 months ago
Vitalik Buterin bullish on Celo? The eponymous token is gaining more than 20% after a statement ๐
@VitalikButerin recently gave its official support to Celo, a future layer 2 of #Ethereum โ๏ธ dedicated to mobile payments.
He notably highlighted that Celo has just overtaken the Tron network in terms of active addresses for the use of stablecoins.
@VitalikButerin recently gave its official support to Celo, a future layer 2 of #Ethereum โ๏ธ dedicated to mobile payments.
He notably highlighted that Celo has just overtaken the Tron network in terms of active addresses for the use of stablecoins.
6 months ago
Chapter Two Rebrands as โSolana Seekerโ, Unveiling a Range of New Features and Enhancements
140,000 pre-orders later, Solana Mobileโs next generation web3 smartphone emerges from its โstealth phaseโ.
Solana Mobile, the team behind the wildly popular Solana Saga device, has finally unveiled the eagerly awaited Solana Seeker. The next generation web3 smartphone is slated for release in 2025, offering a host of improved features and benefits.
Following the rampant success of the sellout Solana Saga, Solana Mobile stealth-launched the mysterious โChapter Twoโ. Despite being light on details, Solana Chapter Two was well-received by the wider crypto-community. Solana Mobileโs next generation device has already been pre-ordered over 140,000 times, with recipients eager to get their hands on fresh Solana hardware.
Both the Solana Saga and the Seeker, formerly โChapter Twoโ have been embraced by Solanaโs mobile development community. Saga owners and Seeker Genesis token holders have been generously rewarded with a litany of airdrops, as well as a vast selection of dApps and features designed exclusively for the Solana Seeker ahead of the deviceโs launch.
Since its inception, Solana co-founder Anatoly Yakovenko has been one of Solana Mobileโs staunchest advocates. Championing mobile devices and services as a key area of growth for the network, Yakovenko contends that the Seeker will improve on the standards set by the Saga at more accessible prices.
โWe founded Solana Mobile with the mission of taking crypto mobile. To achieve that, we needed to make Seeker more accessible, more affordable, and for its hardware and software to be even more deeply integrated for web3. The support from across the Solana community so far has been incredible, and with features like the new Seed Vault Wallet and the updated Solana dApp Store, we think Seeker will be the definitive web3 mobile device when it comes out next year.โ - Anatoly Yakovenko, Solana Labs co-founder
What new features can users expect from the Sagaโs highly-anticipated successor?
New Phone, New Features
While the full range of improvements and hardware specifications is yet to be announced, Solana Mobile has teased the following features for the upcoming Seeker:
Seed Vault Wallet - The Seeker comes complete with a built-in self-custodial Seed Vault to provide a frictionless web3 mobile experience. Designed exclusively for the Seeker in collaboration with Solflare, the Seed Vault support double-tap transactions and simplified account management.
Solana Mobile dApp Store - Competing directly with the Apple/Google duopoly, the Solana Mobile dApp Store debuts a compelling new rewards tracker and offers enhanced discoverability for DeFi, NFTs, DePIN, Gaming, and Payments applications.
Seeker Genesis Token - A soulbound NFT, the Seeker Genesis Token is a non-transferrable asset that gives holders exclusive access to rewards, content and opportunities throughout Solanaโs thriving ecosystem.
Enhanced Hardware - Seeker promises a dramatically improved build quality, boasting a superior camera, extended battery life, a lighter design, and a brighter display than its predecessor.
With 2025 just around the corner, the launch and distribution of Solana Seeker may come sooner than expected. Given the generous incentives and rewards enjoyed by Solana holders, the Solana community awaits the launch of Solana Seeker with bated breath.
140,000 pre-orders later, Solana Mobileโs next generation web3 smartphone emerges from its โstealth phaseโ.
Solana Mobile, the team behind the wildly popular Solana Saga device, has finally unveiled the eagerly awaited Solana Seeker. The next generation web3 smartphone is slated for release in 2025, offering a host of improved features and benefits.
Following the rampant success of the sellout Solana Saga, Solana Mobile stealth-launched the mysterious โChapter Twoโ. Despite being light on details, Solana Chapter Two was well-received by the wider crypto-community. Solana Mobileโs next generation device has already been pre-ordered over 140,000 times, with recipients eager to get their hands on fresh Solana hardware.
Both the Solana Saga and the Seeker, formerly โChapter Twoโ have been embraced by Solanaโs mobile development community. Saga owners and Seeker Genesis token holders have been generously rewarded with a litany of airdrops, as well as a vast selection of dApps and features designed exclusively for the Solana Seeker ahead of the deviceโs launch.
Since its inception, Solana co-founder Anatoly Yakovenko has been one of Solana Mobileโs staunchest advocates. Championing mobile devices and services as a key area of growth for the network, Yakovenko contends that the Seeker will improve on the standards set by the Saga at more accessible prices.
โWe founded Solana Mobile with the mission of taking crypto mobile. To achieve that, we needed to make Seeker more accessible, more affordable, and for its hardware and software to be even more deeply integrated for web3. The support from across the Solana community so far has been incredible, and with features like the new Seed Vault Wallet and the updated Solana dApp Store, we think Seeker will be the definitive web3 mobile device when it comes out next year.โ - Anatoly Yakovenko, Solana Labs co-founder
What new features can users expect from the Sagaโs highly-anticipated successor?
New Phone, New Features
While the full range of improvements and hardware specifications is yet to be announced, Solana Mobile has teased the following features for the upcoming Seeker:
Seed Vault Wallet - The Seeker comes complete with a built-in self-custodial Seed Vault to provide a frictionless web3 mobile experience. Designed exclusively for the Seeker in collaboration with Solflare, the Seed Vault support double-tap transactions and simplified account management.
Solana Mobile dApp Store - Competing directly with the Apple/Google duopoly, the Solana Mobile dApp Store debuts a compelling new rewards tracker and offers enhanced discoverability for DeFi, NFTs, DePIN, Gaming, and Payments applications.
Seeker Genesis Token - A soulbound NFT, the Seeker Genesis Token is a non-transferrable asset that gives holders exclusive access to rewards, content and opportunities throughout Solanaโs thriving ecosystem.
Enhanced Hardware - Seeker promises a dramatically improved build quality, boasting a superior camera, extended battery life, a lighter design, and a brighter display than its predecessor.
With 2025 just around the corner, the launch and distribution of Solana Seeker may come sooner than expected. Given the generous incentives and rewards enjoyed by Solana holders, the Solana community awaits the launch of Solana Seeker with bated breath.
6 months ago
Solanaโs iconic memecoin scene is restructuring. Frustrated by the rampant oversaturation of token launches and a litany of extractive practices, memecoin traders are reevaluating their approach..
Liquidity has evaporated from the memecoin economy, causing dramatic price fluctuations across the board. Abandoning smaller caps, the remaining traders have solidified positions in established coins.
The collapse of smaller memecoins has led market participants to explore alternative trading strategies and take advantage of emerging DeFi applications.
Memecoin Leverage Trading Apps Gain Popularity
Losing patience with the frequent scams, rugpulls, and pump-and-dumps popular on platformโs like pump.fun, Solana meme coin traders are eager for a new meta. The oversaturation of new launches has worn the patience of even the most committed degens, drawing attention back to established memecoins.
Despite their relatively short lifespan, Solanaโs veteran memecoins have birthed devout and resilient communities. While these established memecoins remain volatile, their relative stability compared to new launches has seen coins like $POPCAT , $GIGA , and $MUMU enjoy renewed interest and capital rotates away from new launches.
However, these popular coins have arguably already completed the bulk of their run. To maximize potential profits through these coins, traders are turning to applications like Lavarage to add additional weight to their positions.
Adding a layer of dynamism to the memecoin economy, Lavarage supports margin trading positions on over 400 Solana memecoins.
With Lavarage, traders can increase the size of their positions, amplifying their profit and loss. This approach breathes new life into established memecoins and gives traders a new tool in this compelling market.
Ironically, implementing leverage trading into memecion markets might actually make them safer. Traders could be compelled to speculate on established coins, rather than gamble on new pump.fun launches and hope that the coin theyโve chosen is one of the 1.38% that graduate to Raydium.
Lavarage Partners with Backpack - Boosting Rewards
After launching in mid-August, Lavarageโs Tephra Rewards campaign has kicked into gear following its collaboration with Backpack wallet.
Lavarage users who access the application and execute trades via the Backpack will benefit from a 10% points boost. Tephra points are expected to play a key role in determining airdrop allocations ahead of Lavarageโs anticipated TGE (Token Generation Event).
An Unexpected Airdrop?
In a bid to further reward users, Lavarage has partnered with the $NAMI memecoin to distribute $1 ,500 of $NAMI to traders. Over the course of the campaign, 5,325,000 $NAMI will be proportionally airdropped to users as follows:
$1000 worth of $NAMI to users who trade $NAMI with leverage
$500 worth of $NAMI to users who trade any other token with leverage
Currently, Leverage only allows traders to open long positions on its extensive list of tradable assets.
However, moderators in the Lavarage Discord server have indicated that โwe have a good idea of how shorting can be implementedโ, before conceding that the team โdo not have any immediate plan to roll that out
Liquidity has evaporated from the memecoin economy, causing dramatic price fluctuations across the board. Abandoning smaller caps, the remaining traders have solidified positions in established coins.
The collapse of smaller memecoins has led market participants to explore alternative trading strategies and take advantage of emerging DeFi applications.
Memecoin Leverage Trading Apps Gain Popularity
Losing patience with the frequent scams, rugpulls, and pump-and-dumps popular on platformโs like pump.fun, Solana meme coin traders are eager for a new meta. The oversaturation of new launches has worn the patience of even the most committed degens, drawing attention back to established memecoins.
Despite their relatively short lifespan, Solanaโs veteran memecoins have birthed devout and resilient communities. While these established memecoins remain volatile, their relative stability compared to new launches has seen coins like $POPCAT , $GIGA , and $MUMU enjoy renewed interest and capital rotates away from new launches.
However, these popular coins have arguably already completed the bulk of their run. To maximize potential profits through these coins, traders are turning to applications like Lavarage to add additional weight to their positions.
Adding a layer of dynamism to the memecoin economy, Lavarage supports margin trading positions on over 400 Solana memecoins.
With Lavarage, traders can increase the size of their positions, amplifying their profit and loss. This approach breathes new life into established memecoins and gives traders a new tool in this compelling market.
Ironically, implementing leverage trading into memecion markets might actually make them safer. Traders could be compelled to speculate on established coins, rather than gamble on new pump.fun launches and hope that the coin theyโve chosen is one of the 1.38% that graduate to Raydium.
Lavarage Partners with Backpack - Boosting Rewards
After launching in mid-August, Lavarageโs Tephra Rewards campaign has kicked into gear following its collaboration with Backpack wallet.
Lavarage users who access the application and execute trades via the Backpack will benefit from a 10% points boost. Tephra points are expected to play a key role in determining airdrop allocations ahead of Lavarageโs anticipated TGE (Token Generation Event).
An Unexpected Airdrop?
In a bid to further reward users, Lavarage has partnered with the $NAMI memecoin to distribute $1 ,500 of $NAMI to traders. Over the course of the campaign, 5,325,000 $NAMI will be proportionally airdropped to users as follows:
$1000 worth of $NAMI to users who trade $NAMI with leverage
$500 worth of $NAMI to users who trade any other token with leverage
Currently, Leverage only allows traders to open long positions on its extensive list of tradable assets.
However, moderators in the Lavarage Discord server have indicated that โwe have a good idea of how shorting can be implementedโ, before conceding that the team โdo not have any immediate plan to roll that out
6 months ago
๐ถ Binance becomes the first exchange to launch spot trading of real tokens in pre-market.
That is to say, unlike competitors who offer derivatives trading, Binance will allow users to take "early" positions before the official launch of a token.
โBinance is the only crypto exchange to offer pre-market spot trading, where tokens will be exclusively allocated and generated for users to hold and trade on the Binance platform.โ
That is to say, unlike competitors who offer derivatives trading, Binance will allow users to take "early" positions before the official launch of a token.
โBinance is the only crypto exchange to offer pre-market spot trading, where tokens will be exclusively allocated and generated for users to hold and trade on the Binance platform.โ
6 months ago
Presenting at Breakpoint 2024, FluxBeam and RugCheck founder Scott Hague unveiled a litany of new product updates to the comprehensive DeFi platform.
Hague shed more light on some new features and promising developments in scam prevention and interception on the Solana network.
DIVING DEEPER INTO FLUXBEAM INFINITY
FluxBeam Infinity introduces a multitude of competitive new features to the decentralized exchange platform. Taking the stage at Breakpoint 2024, Hague highlighted the key tools that promise to improve the terminalโs user experience, including improved speed, unified data aggregation, and advanced limit orders.
In addition to these features, FluxBeam Infinity will also implement complex automated trading tools. Users will be able to design customizable trading algorithms, drawing from both onchain and offchain events.
โObviously, the automation is our big key thing this year, whereby we really want to allow users to come in and trade on any news, whether that's on-chain, off-chain, even the weather if you want to, but be able to take that data, make actionable insight from it and then trade automatically on-chain. Similar to algo trading in TradFi.โ
As part of the new data aggregation, Fluxbeam is also implementing sentiment analysis. This essential tool helps traders accurately gauge market sentiment surrounding certain assets by tracking discussion through various forms of media.
With over a decade of experience in AI, Hague is well-equipped to ensure that Fluxbeamโs sentiment analysis wonโt fall victim to artificial commentary. When asked what countermeasures Fluxbeamโs sentiment has taken to combat false commentary, Hague asserted:
โWe run essentially a scoring system similar to RugCheck on every single account and say, okay, well, this is a high likelihood of being a bot or this is a high likelihood of being an influencer. Influencers obviously can't, they can to an extent fake their following base, but they can't really fake their engagement over a long period of time.โ
While suggesting that analyzing social media commentary is a relatively simple affair, Hague concedes that tracking sentiment from news sites is more nuanced. Fluxbeam combats this by only pulling sentiment data from reputable sources, a strategy Hague admits โcomes with its own biasโ.
NEW $FLUXB DEFLATIONARY MECHANICS
The rollout of Fluxbeam Infinity is expected to coincide with new token mechanics that aim to provide value to $FLUXB , the platformโs native asset.
Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinityโs powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.
โWith our new products of both the advanced limit orders and automation, all of that is actually going to have a fee split on it where we start to burn down $FLUXB . Every time there's a trade or something like that, we take a small fee, split 50-50, and then that $FLUXB will slowly start to burn down just so we can get the supply down and really start to reward our long-term holders.โ
In addition to the new burn feature, Hague confirmed that Fluxbeam intends to launch a Season 2 incentives program to reward platform users.
RUGCHECK ENGAGES EXCHANGES TO INTERCEPT ONCHAIN SCAMMERS
Alongside FluxBeam, Hague has also spearheaded the development and growth of RugCheck, one of Solanaโs most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocolโs analysis to gauge the safety of onchain assets.
Over the course of the last year, RugCheck has built up a significant database of scammer wallets and their associated CEX accounts and off-ramping pathways. Scammers often use CEX accounts to launder and obfuscate funds.
Hague shed more light on some new features and promising developments in scam prevention and interception on the Solana network.
DIVING DEEPER INTO FLUXBEAM INFINITY
FluxBeam Infinity introduces a multitude of competitive new features to the decentralized exchange platform. Taking the stage at Breakpoint 2024, Hague highlighted the key tools that promise to improve the terminalโs user experience, including improved speed, unified data aggregation, and advanced limit orders.
In addition to these features, FluxBeam Infinity will also implement complex automated trading tools. Users will be able to design customizable trading algorithms, drawing from both onchain and offchain events.
โObviously, the automation is our big key thing this year, whereby we really want to allow users to come in and trade on any news, whether that's on-chain, off-chain, even the weather if you want to, but be able to take that data, make actionable insight from it and then trade automatically on-chain. Similar to algo trading in TradFi.โ
As part of the new data aggregation, Fluxbeam is also implementing sentiment analysis. This essential tool helps traders accurately gauge market sentiment surrounding certain assets by tracking discussion through various forms of media.
With over a decade of experience in AI, Hague is well-equipped to ensure that Fluxbeamโs sentiment analysis wonโt fall victim to artificial commentary. When asked what countermeasures Fluxbeamโs sentiment has taken to combat false commentary, Hague asserted:
โWe run essentially a scoring system similar to RugCheck on every single account and say, okay, well, this is a high likelihood of being a bot or this is a high likelihood of being an influencer. Influencers obviously can't, they can to an extent fake their following base, but they can't really fake their engagement over a long period of time.โ
While suggesting that analyzing social media commentary is a relatively simple affair, Hague concedes that tracking sentiment from news sites is more nuanced. Fluxbeam combats this by only pulling sentiment data from reputable sources, a strategy Hague admits โcomes with its own biasโ.
NEW $FLUXB DEFLATIONARY MECHANICS
The rollout of Fluxbeam Infinity is expected to coincide with new token mechanics that aim to provide value to $FLUXB , the platformโs native asset.
Fluxbeam Infinity will implement a new buyback-and-burn algorithm. The mechanism introduces a fee split to Fluxbeam Infinityโs powerful new features, with 50% of accrued platform fees being used to buy $FLUXB off the market and permanently remove tokens from circulation.
โWith our new products of both the advanced limit orders and automation, all of that is actually going to have a fee split on it where we start to burn down $FLUXB . Every time there's a trade or something like that, we take a small fee, split 50-50, and then that $FLUXB will slowly start to burn down just so we can get the supply down and really start to reward our long-term holders.โ
In addition to the new burn feature, Hague confirmed that Fluxbeam intends to launch a Season 2 incentives program to reward platform users.
RUGCHECK ENGAGES EXCHANGES TO INTERCEPT ONCHAIN SCAMMERS
Alongside FluxBeam, Hague has also spearheaded the development and growth of RugCheck, one of Solanaโs most popular security tools. Over the past year, Solana traders have generated over 100M token reports via RugCheck, trusting the protocolโs analysis to gauge the safety of onchain assets.
Over the course of the last year, RugCheck has built up a significant database of scammer wallets and their associated CEX accounts and off-ramping pathways. Scammers often use CEX accounts to launder and obfuscate funds.
6 months ago
๐จ A major security issue in Bitcoin Core would affect 17% of the network which could be exposed to a denial of service attack.
All software prior to Bitcoin Core version 24.0.1 may be at risk.
Although very serious, few known exploits of this bug exist as it is quite costly.
However, this is a security flaw that could be exploited by an extremely wealthy, powerful, or sophisticated actor, such as a nation, that wanted to disrupt Bitcoin operations for non-financial reasons
All software prior to Bitcoin Core version 24.0.1 may be at risk.
Although very serious, few known exploits of this bug exist as it is quite costly.
However, this is a security flaw that could be exploited by an extremely wealthy, powerful, or sophisticated actor, such as a nation, that wanted to disrupt Bitcoin operations for non-financial reasons
7 months ago
Crypto markets have suffered noticeable pullbacks following September 10โs highly anticipated presidential debate.
In the wake of self-proclaimed โCrypto Presidentโ Donald Trumpโs performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10โs high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCapโs Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto marketโs slide is expected to be due to the wider industryโs assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trumpโs pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocolโs Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocolโs BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocolโs BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarketโs $14M daily volume, BETโs dramatic volume spike represented a 1,287% increase over the previous dayโs trading.
According to BETโs dedicated market, Trumpโs chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solanaโs PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopefulโs debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMAโs superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
In the wake of self-proclaimed โCrypto Presidentโ Donald Trumpโs performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10โs high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCapโs Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto marketโs slide is expected to be due to the wider industryโs assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trumpโs pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocolโs Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocolโs BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocolโs BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarketโs $14M daily volume, BETโs dramatic volume spike represented a 1,287% increase over the previous dayโs trading.
According to BETโs dedicated market, Trumpโs chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solanaโs PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopefulโs debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMAโs superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
7 months ago
The debate between Donald Trump and Kamala Harris was heated to say the least...
The summary ๐
What initially got the most attention was that Kamala Harris appeared to have worn "earpiece" earrings so that people could whisper "punchlines" to her.
Tensions over Ukraine:
Harris accuses Trump of literally wanting to abandon Ukraine, acknowledges that Russia has not threatened to use nuclear weapons but advocates a rapid end to the conflict.
Disagreements over foreign policy:
Trump fears global escalation, Harris defends international engagement
Lively exchanges on the economy:
Harris criticizes the tariffs that Trump wants to impose (especially on Chinese products), calling them a "sales tax" on the middle class, and blames it for current inflation.
Heated debate on immigration:
Trump alarmist accuses Biden-Harris administration of letting in "dangerous" immigrants while Kamala Harris accuses him of dividing the nation.
Abortion Clash:
Harris defends abortion rights, Trump calls for return of decision to states.
Post debate:
Taylor Swift, "America's Sweetheart," has announced her support for Kamala Harris. The potential impact on "young people" is massive
The summary ๐
What initially got the most attention was that Kamala Harris appeared to have worn "earpiece" earrings so that people could whisper "punchlines" to her.
Tensions over Ukraine:
Harris accuses Trump of literally wanting to abandon Ukraine, acknowledges that Russia has not threatened to use nuclear weapons but advocates a rapid end to the conflict.
Disagreements over foreign policy:
Trump fears global escalation, Harris defends international engagement
Lively exchanges on the economy:
Harris criticizes the tariffs that Trump wants to impose (especially on Chinese products), calling them a "sales tax" on the middle class, and blames it for current inflation.
Heated debate on immigration:
Trump alarmist accuses Biden-Harris administration of letting in "dangerous" immigrants while Kamala Harris accuses him of dividing the nation.
Abortion Clash:
Harris defends abortion rights, Trump calls for return of decision to states.
Post debate:
Taylor Swift, "America's Sweetheart," has announced her support for Kamala Harris. The potential impact on "young people" is massive
7 months ago
Daily Memecoin Recap - September 9
Market sentiment could flip bullish at any moment
Apple Event
$dbp -> $850k , "Disco Ball Pigeon", emoji shown during the apple event, okx tweeted it $CowboyFrog -> hit $377k , first AI emoji apple showed during the event
Popular Memes & Trends
$gg -> hit $1m , Galaxy Gas, one of the dumbest trends I've ever seen, all over tiktok
$wait -> hit $844k , Correction Guy, viral meme on CT
$legend -> hit $264k , "F*cking Legend", old viral meme
Hyped Launch
$insdr -> hit $1m , "The Insiders", they've been posting for a while w/ twitter gold
Doge Team Post
$cate -> hit $511k , posted by $doge team,
Dog Meta
$jack -> hit $231k , cute dog
$duge -> hit $144k , plushie dog, CTO
Slow Cooks
$moth -> $2 .5m to $7m (2.8x), was stagnant for a couple days, currently breaking out
$deebo -> $350k to $1 .7m (4.85x), CTO, bear meme
$pe -> $370k to $917k (2.47x), " Half of $pepe "
$mope -> $30k to $330k (11x), CTO
Other Plays
$btc2 -> hit $1 .39m, "Bitcoin 2.0", a fake $btc on solana, limited supply of 21,000 tokens
$ct -> hit $732k , "Crypto Twitter"
$bingus -> hit $308k , X community, pushed by KOLs
$fp -> hit $298k , a fluffy pickle
$dwagon -> hit $295k , dragon + $fwog , CTO
$unlock -> hit $178k , "unlock your full potential, unlock unlimited gains on Solana"
Patience & quality over quantity ๐คซ
Market sentiment could flip bullish at any moment
Apple Event
$dbp -> $850k , "Disco Ball Pigeon", emoji shown during the apple event, okx tweeted it $CowboyFrog -> hit $377k , first AI emoji apple showed during the event
Popular Memes & Trends
$gg -> hit $1m , Galaxy Gas, one of the dumbest trends I've ever seen, all over tiktok
$wait -> hit $844k , Correction Guy, viral meme on CT
$legend -> hit $264k , "F*cking Legend", old viral meme
Hyped Launch
$insdr -> hit $1m , "The Insiders", they've been posting for a while w/ twitter gold
Doge Team Post
$cate -> hit $511k , posted by $doge team,
Dog Meta
$jack -> hit $231k , cute dog
$duge -> hit $144k , plushie dog, CTO
Slow Cooks
$moth -> $2 .5m to $7m (2.8x), was stagnant for a couple days, currently breaking out
$deebo -> $350k to $1 .7m (4.85x), CTO, bear meme
$pe -> $370k to $917k (2.47x), " Half of $pepe "
$mope -> $30k to $330k (11x), CTO
Other Plays
$btc2 -> hit $1 .39m, "Bitcoin 2.0", a fake $btc on solana, limited supply of 21,000 tokens
$ct -> hit $732k , "Crypto Twitter"
$bingus -> hit $308k , X community, pushed by KOLs
$fp -> hit $298k , a fluffy pickle
$dwagon -> hit $295k , dragon + $fwog , CTO
$unlock -> hit $178k , "unlock your full potential, unlock unlimited gains on Solana"
Patience & quality over quantity ๐คซ
7 months ago
After the euphoric highs of Q2, fear and doubt have crept back into crypto markets in recent months.
Amidst the uncertainty Solanaโs DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocolโs losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solanaโs DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solanaโs top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiterโs TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiterโs total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiterโs total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFiโs most solid performers throughout Q3โs volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solanaโs standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiterโs perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solanaโs largest DeFi protocols, Jupiterโs perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiterโs $15 .1B. Itโs worth noting that Hyperliquidโs high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocolโs upcoming airdrop
Amidst the uncertainty Solanaโs DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocolโs losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solanaโs DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solanaโs top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiterโs TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiterโs total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiterโs total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFiโs most solid performers throughout Q3โs volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solanaโs standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiterโs perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solanaโs largest DeFi protocols, Jupiterโs perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiterโs $15 .1B. Itโs worth noting that Hyperliquidโs high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocolโs upcoming airdrop
7 months ago
BullVerse Update
BullPad
There have been numerous inquiries regarding BullPad, and we would like to address them. After careful consideration, the team has decided that launching BullPad at this time would not be beneficial. The market sentiment remains highly bearish, trading volumes across financial markets are low, and overall uncertainty persists. Furthermore, Pump.funโs volume has decreased by 95% from its all-time high. All signs indicate that this is not the ideal time to release a launchpad. However, we remain fully committed to launching it when market conditions are more favorable.
BullPay
BullPay is currently in beta (available at bullpay.fun). As well-needed solution in the space, it is connected to a lot of upcoming features inisde the platform. BullPay will serve not only as a marketplace but also as a crypto payment gateway, like Stripe or PayPal for crypto transactions. We developed an API kit allowing our partners to get paid from their website or mobile app.
Activity Rewards & User Experience
We are still working on developing a sustainable, more gamified and automated solution for activity rewards. Once this is finalized, we will announce it, and automated payouts will resume.
The BullVerse Ecosystem
Itโs important to note that BullVerse is a long-term project. We are continually enhancing user, partner, and community engagement. As with any major project, development will unfold progressively rather than all at once.
Communication
The team is working tirelessly behind the scenes to improve the BullVerse ecosystem daily. Many individuals are involved, and significant resources have been invested in this project. Our commitment is unwavering, and we continue to expand our network by forming strategic partnerships, which are crucial for long-term growth. The vision is clear and we are enjoying the journey.
Teasers
Our primary focus has been on laying a strong foundation by creating a stable platform that incorporates both incentives and crypto utilities. Our main goal is to deliver a clear and practical use case that attracts the visibility BullVerse deserves. As a utility project, we view this as a key driver of our success: BullVerse should not just be about content, but also a hub where crypto enthusiasts can speculate, win, lose, be rewarded, and find their community. Something exciting is coming very soon..
Bullish times are ahead,
The BullVerse Team
BullPad
There have been numerous inquiries regarding BullPad, and we would like to address them. After careful consideration, the team has decided that launching BullPad at this time would not be beneficial. The market sentiment remains highly bearish, trading volumes across financial markets are low, and overall uncertainty persists. Furthermore, Pump.funโs volume has decreased by 95% from its all-time high. All signs indicate that this is not the ideal time to release a launchpad. However, we remain fully committed to launching it when market conditions are more favorable.
BullPay
BullPay is currently in beta (available at bullpay.fun). As well-needed solution in the space, it is connected to a lot of upcoming features inisde the platform. BullPay will serve not only as a marketplace but also as a crypto payment gateway, like Stripe or PayPal for crypto transactions. We developed an API kit allowing our partners to get paid from their website or mobile app.
Activity Rewards & User Experience
We are still working on developing a sustainable, more gamified and automated solution for activity rewards. Once this is finalized, we will announce it, and automated payouts will resume.
The BullVerse Ecosystem
Itโs important to note that BullVerse is a long-term project. We are continually enhancing user, partner, and community engagement. As with any major project, development will unfold progressively rather than all at once.
Communication
The team is working tirelessly behind the scenes to improve the BullVerse ecosystem daily. Many individuals are involved, and significant resources have been invested in this project. Our commitment is unwavering, and we continue to expand our network by forming strategic partnerships, which are crucial for long-term growth. The vision is clear and we are enjoying the journey.
Teasers
Our primary focus has been on laying a strong foundation by creating a stable platform that incorporates both incentives and crypto utilities. Our main goal is to deliver a clear and practical use case that attracts the visibility BullVerse deserves. As a utility project, we view this as a key driver of our success: BullVerse should not just be about content, but also a hub where crypto enthusiasts can speculate, win, lose, be rewarded, and find their community. Something exciting is coming very soon..
Bullish times are ahead,
The BullVerse Team
7 months ago
WHAT ARE THE BIGGEST OBSTACLES TO DePIN GROWTH??
In a recent appearance at ETHToronto, Frank Mathis highlights the next steps for DePINโs future.
GenesysGo founder Frank Mathis is no stranger to the highs and lows of cryptoโs thriving DePIN sector.
Drawing on his years of experience, Mathis joined other DePIN thought leaders at ETHToronto, including Helium COO Scott Sigel, to discuss the future of the sector.
โIf DePIN solves that, DePIN is inevitableโ
Like many passionate crypto community members, DePIN advocates staunchly argue that DePIN is inevitable. Speaking to hundreds of crypto enthusiasts at ETHToronto, Mathis offered a refreshing point of view.
The GenesysGo founder argues that value creation for contributors is one of the most integral aspects of running successful DePIN networks. Mathis highlighted that, while DePIN promises to reward contributors as decentralized software scales, โitโs shocking how much of that is running on AWS and Google Cloud.โ
For example, over 50% of Ethereum node operators are hosted on AWS, Hetzner, and OVH servers.
Reiterating the importance of wealth creation for contributors, Mathis contends โwhat DePIN really is, is an attempt to take one of the most centralized layers of the stack and decentralize that amongst the people such that they start to participate in the growth and success of these models.โ
GenesysGoโs ShdwDrive is one such example. The decentralized storage solution empowers users to earn $SHDW tokens by providing unused mobile storage to a distributed network, directly generating income from a device that lives in their pocket.
Reflecting the ideal DePIN model proposed by Mathis, network contributors benefit from the growth and success of the platform. The GenesysGo founder reinforced this notion, opining โDePIN is only as inevitable as the value that participants in the network get from itโฆ if DePIN solves that, DePIN is inevitable.โ
POOR PERFORMANCE โONE OF THE BIGGEST FAILINGS OF DePINโ
On paper, the benefits of DePINs are obvious. However, in practice, these platforms often sacrifice performance and scalability in favor of decentralization. While this aids in value creation for contributors and increases security, it actually hamstrings performance and growth.
DePIN is often considered the natural evolution of the sharing economy, which delivered iconic businesses like Uber and Airbnb.
Drawing parallels between the pearls of the sharing economy and emerging DePIN projects, Mathis illustrated that โUber became highly successful, not just because youโre able to share in pieces of things you donโt use everyday.. but because it worked well, it was fast, it was easy to use.โ
Mathis argues that for DePIN projects to truly take off, they need to rival the performance standards set by centralized industry leaders. Referencing his experience with GenesysGo, the founder posits โin our case, our first principle [is] decentralized storage needs to be as fast, as secure, as stable, and perform every bit as well as a traditional Web2 cloud service.โ
ABSTRACTION IS KEY
The Web3 user experience has long been considered one of the industryโs biggest obstacles to adoption. The complexities of wallet management and security have discouraged newcomers to space for over a decade, and continue to repel potential users today.
Mathis insists that abstracting the end-user experience away from blockchain technology is key to the success of the industry. Reinforcing this belief, the founder affirms โYour end user shouldnโt know that theyโre interacting with Web3โ
Looking towards the future, Mathis considers DePIN regulation will present a significant obstacle to the sectorโs growth. However, instead of taking a chagrined approach to future regulatory concerns, the GenesysGo founder suggests that DePIN projects need to take on some responsibility.
In a recent appearance at ETHToronto, Frank Mathis highlights the next steps for DePINโs future.
GenesysGo founder Frank Mathis is no stranger to the highs and lows of cryptoโs thriving DePIN sector.
Drawing on his years of experience, Mathis joined other DePIN thought leaders at ETHToronto, including Helium COO Scott Sigel, to discuss the future of the sector.
โIf DePIN solves that, DePIN is inevitableโ
Like many passionate crypto community members, DePIN advocates staunchly argue that DePIN is inevitable. Speaking to hundreds of crypto enthusiasts at ETHToronto, Mathis offered a refreshing point of view.
The GenesysGo founder argues that value creation for contributors is one of the most integral aspects of running successful DePIN networks. Mathis highlighted that, while DePIN promises to reward contributors as decentralized software scales, โitโs shocking how much of that is running on AWS and Google Cloud.โ
For example, over 50% of Ethereum node operators are hosted on AWS, Hetzner, and OVH servers.
Reiterating the importance of wealth creation for contributors, Mathis contends โwhat DePIN really is, is an attempt to take one of the most centralized layers of the stack and decentralize that amongst the people such that they start to participate in the growth and success of these models.โ
GenesysGoโs ShdwDrive is one such example. The decentralized storage solution empowers users to earn $SHDW tokens by providing unused mobile storage to a distributed network, directly generating income from a device that lives in their pocket.
Reflecting the ideal DePIN model proposed by Mathis, network contributors benefit from the growth and success of the platform. The GenesysGo founder reinforced this notion, opining โDePIN is only as inevitable as the value that participants in the network get from itโฆ if DePIN solves that, DePIN is inevitable.โ
POOR PERFORMANCE โONE OF THE BIGGEST FAILINGS OF DePINโ
On paper, the benefits of DePINs are obvious. However, in practice, these platforms often sacrifice performance and scalability in favor of decentralization. While this aids in value creation for contributors and increases security, it actually hamstrings performance and growth.
DePIN is often considered the natural evolution of the sharing economy, which delivered iconic businesses like Uber and Airbnb.
Drawing parallels between the pearls of the sharing economy and emerging DePIN projects, Mathis illustrated that โUber became highly successful, not just because youโre able to share in pieces of things you donโt use everyday.. but because it worked well, it was fast, it was easy to use.โ
Mathis argues that for DePIN projects to truly take off, they need to rival the performance standards set by centralized industry leaders. Referencing his experience with GenesysGo, the founder posits โin our case, our first principle [is] decentralized storage needs to be as fast, as secure, as stable, and perform every bit as well as a traditional Web2 cloud service.โ
ABSTRACTION IS KEY
The Web3 user experience has long been considered one of the industryโs biggest obstacles to adoption. The complexities of wallet management and security have discouraged newcomers to space for over a decade, and continue to repel potential users today.
Mathis insists that abstracting the end-user experience away from blockchain technology is key to the success of the industry. Reinforcing this belief, the founder affirms โYour end user shouldnโt know that theyโre interacting with Web3โ
Looking towards the future, Mathis considers DePIN regulation will present a significant obstacle to the sectorโs growth. However, instead of taking a chagrined approach to future regulatory concerns, the GenesysGo founder suggests that DePIN projects need to take on some responsibility.
7 months ago
๐จ The $DAI has been compromised on multiple blockchains
Unallocated blockchains: Ethereum, Optimism, Arbitrum
Unallocated blockchains: Ethereum, Optimism, Arbitrum
7 months ago
Ralala #BullVerse , and to say that bullverse is built during a complicated market, to explode upwards during the bull run with a utilitarian and complete product.
You do not realize the project that is being built. I just have to look at what works or the needs to get an idea:
โ Pumpfun and sunpump
โ Need a decentralized social network
โ Payment in crypto
โ Partner
โ Easy-to-use interface
The only thing missing from this project is our support. The team shows us that they are building each project. That they care about their users.
We don't have much to do. Talk about the social network around you if you appreciate the experience (it also makes you money ๐๐พ). Like coinmarketcap, a dexscreener rocket. Make posts on X if you feel like it.
You will never have food in your mouth if you wait for someone to cook for you ๐
Continue to sell and regret later
You do not realize the project that is being built. I just have to look at what works or the needs to get an idea:
โ Pumpfun and sunpump
โ Need a decentralized social network
โ Payment in crypto
โ Partner
โ Easy-to-use interface
The only thing missing from this project is our support. The team shows us that they are building each project. That they care about their users.
We don't have much to do. Talk about the social network around you if you appreciate the experience (it also makes you money ๐๐พ). Like coinmarketcap, a dexscreener rocket. Make posts on X if you feel like it.
You will never have food in your mouth if you wait for someone to cook for you ๐
Continue to sell and regret later
7 months ago
Continuing to defy the expectations of the wider crypto market, Solana has outperformed digital asset rivals like Bitcoin ($BTC) and Ethereum ($ETH).
During a forgettable week for crypto markets, Solana has bucked the bearish trend, enjoying positive inflows amidst a sea of red.
SOL LEADS WEEKLY INFLOWS ACROSS TOP DIGITAL ASSETS
While much of the crypto market succumbed to bearish forces last week, Solana showed plenty of resilience. According to CoinShares data, Solana digital asset products attracted over $7 .6M in net inflows, outperforming both Bitcoin (-$319M) and Layer 1 rival Ethereum (-$5.7M).
However, despite positive inflows in digital asset products, $SOL price suffered a significant decline. Over the past week, Solana has dropped 15.45%, sliding from $157 .2 to currently exchange hands at $132 .91, based on Step Finance data.
In this sense, Solana has underperformed both $BTC and $ETH , which lost 7.5% and 7.3% respectively over the same period.
The diverging trends highlight a curious dynamic. Despite Solana suffering a more significant price drop than both $BTC and $ETH , institutional inflows for Solana-based digital asset products were positive.
Solanaโs favorable performance suggests higher demand from institutional investors and traders, who are taking advantage of turbulent market conditions to establish positions heading into Q4.
Alternatively, the comparatively smaller range of Solana-based products allows for a reduced sample size, which could skew results. The abundance and accessibility of Bitcoin and Ethereum ETFs mean that these assets are likely to witness more consistent trading behavior.
MONTHLY STABLECOIN INFLOWS INCREASE BY 21%
Beyond positive digital asset product inflows, the Solana network also enjoyed increased stablecoin flows.
Having continually grown throughout 2024, Solanaโs monthly stablecoin inflows increased by 21%, rising from $371M in July to $449M in August.
The growth indicates a growing desire for greater liquidity onchain. The trend is further supported by an increase in the total value of bridged assets arriving on the Solana network.
According to data provided by deBridge and Artemis, over $345M worth of assets were bridged to Solana from alternative chains, a 23% increase from the $280M bridged in July. Augustโs bridge traffic included over $279M from Ethereum, the industryโs largest Layer 1 network.
The inflow of capital suggests that investors and traders could be eager to establish positions in both Solanaโs thriving DeFi scene and the ecosystemโs native tokens. With increased liquidity arriving onchain, network participants hope that the Solana ecosystem can maintain its bullish trajectory in Q4.
During a forgettable week for crypto markets, Solana has bucked the bearish trend, enjoying positive inflows amidst a sea of red.
SOL LEADS WEEKLY INFLOWS ACROSS TOP DIGITAL ASSETS
While much of the crypto market succumbed to bearish forces last week, Solana showed plenty of resilience. According to CoinShares data, Solana digital asset products attracted over $7 .6M in net inflows, outperforming both Bitcoin (-$319M) and Layer 1 rival Ethereum (-$5.7M).
However, despite positive inflows in digital asset products, $SOL price suffered a significant decline. Over the past week, Solana has dropped 15.45%, sliding from $157 .2 to currently exchange hands at $132 .91, based on Step Finance data.
In this sense, Solana has underperformed both $BTC and $ETH , which lost 7.5% and 7.3% respectively over the same period.
The diverging trends highlight a curious dynamic. Despite Solana suffering a more significant price drop than both $BTC and $ETH , institutional inflows for Solana-based digital asset products were positive.
Solanaโs favorable performance suggests higher demand from institutional investors and traders, who are taking advantage of turbulent market conditions to establish positions heading into Q4.
Alternatively, the comparatively smaller range of Solana-based products allows for a reduced sample size, which could skew results. The abundance and accessibility of Bitcoin and Ethereum ETFs mean that these assets are likely to witness more consistent trading behavior.
MONTHLY STABLECOIN INFLOWS INCREASE BY 21%
Beyond positive digital asset product inflows, the Solana network also enjoyed increased stablecoin flows.
Having continually grown throughout 2024, Solanaโs monthly stablecoin inflows increased by 21%, rising from $371M in July to $449M in August.
The growth indicates a growing desire for greater liquidity onchain. The trend is further supported by an increase in the total value of bridged assets arriving on the Solana network.
According to data provided by deBridge and Artemis, over $345M worth of assets were bridged to Solana from alternative chains, a 23% increase from the $280M bridged in July. Augustโs bridge traffic included over $279M from Ethereum, the industryโs largest Layer 1 network.
The inflow of capital suggests that investors and traders could be eager to establish positions in both Solanaโs thriving DeFi scene and the ecosystemโs native tokens. With increased liquidity arriving onchain, network participants hope that the Solana ecosystem can maintain its bullish trajectory in Q4.
7 months ago
BTC, locally the 60,000 level is lost. At current levels, the local support zone is 57,600-55,900. Bitcoin is more likely to reach this support zone, from where it will be necessary to monitor the reaction in this zone. It is more likely that we will see a correction with a local flat for some time during the next week. It is also necessary to monitor the zone in which Bitcoin has been located since August 8, see the chart. (local support and resistance zone)
withdrawal from exchanges exceeds input - correlation
Altcoins, next week I will start the final set of coins for medium and long term. There is no endless correction, and there is no endless growth. Altcoins have been in correction for 5 months now.
https://www.tradingview.co.../
withdrawal from exchanges exceeds input - correlation
Altcoins, next week I will start the final set of coins for medium and long term. There is no endless correction, and there is no endless growth. Altcoins have been in correction for 5 months now.
https://www.tradingview.co.../

7 months ago
BIG SUPPLY, BIG PROBLEMS AS SOLANAโS NFT MARKET REJECTS LARGE COLLECTIONS
Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.
Newย NFTย collections have learned a painful lesson this week. If it wasnโt obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.
Despite commentators claiming these hyped collections will usher in a โnew eraโ and whitelist spots selling at over $50 apiece on open markets, launches fromย Pathfindersย andย Hermansย have failed to meet expectations.
Will Solanaโs NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?
ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED
Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.
Pathfinderโs novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solanaโs first un-ruggable NFTs.
Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the projectโs native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFTโs value at a minimum of 2pathSOL.
Regardless, Solanaโs NFT community has largely ignored the projectโs novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT communityโs apparent apathy.ย
Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.
โHypedโ New Mint Immediately Under Floor - Are Presales to Blame?
Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.
Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermansโย treasuryย now holds over 1,600 NFTs, roughly 33% of the supply.
Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.
While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.
Low Supply NFT Collections Retain Value
In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends.ย
Top Solana collections likeย Mad Lads,ย Tensorians (pictured), andย Claynosaursย have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.
Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.
Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co
Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.
Newย NFTย collections have learned a painful lesson this week. If it wasnโt obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.
Despite commentators claiming these hyped collections will usher in a โnew eraโ and whitelist spots selling at over $50 apiece on open markets, launches fromย Pathfindersย andย Hermansย have failed to meet expectations.
Will Solanaโs NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?
ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED
Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.
Pathfinderโs novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solanaโs first un-ruggable NFTs.
Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the projectโs native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFTโs value at a minimum of 2pathSOL.
Regardless, Solanaโs NFT community has largely ignored the projectโs novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT communityโs apparent apathy.ย
Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.
โHypedโ New Mint Immediately Under Floor - Are Presales to Blame?
Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.
Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermansโย treasuryย now holds over 1,600 NFTs, roughly 33% of the supply.
Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.
While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.
Low Supply NFT Collections Retain Value
In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends.ย
Top Solana collections likeย Mad Lads,ย Tensorians (pictured), andย Claynosaursย have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.
Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.
Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co
7 months ago
BTC, the local setup is broken. As I wrote earlier in the posts, nevertheless, the main setup that Bitcoin is currently following is a medium-term setup inside the pattern of which Bitcoin is now located, see the graph (the blue lines above and below are the boundaries of the pattern), the words of the US Federal Reserve's Powell did not last long for the market that rates would be lowered. The market needs real action. The first of which will be in the next week of September.
the input to the exchanges exceeds the output -
13%, 2000 btc
Altcoins, everything is within the norm, as I wrote earlier in the posts above. This scenario was calculated. There is no endless correction, just as there is no endless growth. September will be important and it is more likely that the reversal will begin next month (it will begin, this does not mean that in one day or hour the coins will reach their historical peaks)
https://www.tradingview.co.../
the input to the exchanges exceeds the output -
13%, 2000 btc
Altcoins, everything is within the norm, as I wrote earlier in the posts above. This scenario was calculated. There is no endless correction, just as there is no endless growth. September will be important and it is more likely that the reversal will begin next month (it will begin, this does not mean that in one day or hour the coins will reach their historical peaks)
https://www.tradingview.co.../

7 months ago
Tokenized US Treasury Bonds Surpass $2 Billion!
Does this sentence (and its implications) seem incomprehensible to you?
Let's break it down together
1. US Treasury bonds
These are securities issued by the American government, purchasable by anyone on traditional financial markets.
You are literally lending money to the US government and in return for this nice gesture, you are promised a return (currently 3.8 %)
Treasury bills are simply acknowledgements of debt.
The US government is indebted to you (congratulations, you have a superpower in your pocket!)
2. โtokenizedโ
Literally: injected into a blockchain
Treasury bonds are transformed from a "virtual electronic" state (information on the hard drive of the Fed or a central bank) to a "cryptographic" state by being transposed in the form of digital assets (i.e. tokens) on a blockchain network.
We are talking about "tokenization of financial assets"
3. What for?
Let's simplify:
- Cheaper, lower costs for the issuer (government) and the holder
- Fewer intermediaries (savings on this side too)
- Excellent liquidity
- Unlimited fragmentation potential (a treasury bond is sold at least in tranches of $100 , with tokenization it is possible to divide this threshold by 10, 100, 10,000 to make the asset accessible to a wider audience)
- Transparent
- Ultra secure
- Auditable
- ...
To put it simply, there is SO much upside to using blockchain for financial assets that there is NO scenario where this technological approach will not prevail in the coming decade.
These 2 billion are therefore a very timid incursion into a market of 27,000 billion dollars just for US Treasury Bonds (and this without even counting other asset categories, such as indexes, shares, financial real estate, etc.)
In short and in conclusion, the tokenization of global financial assets and "The (real) next big thing" for blockchain and crypto
Does this sentence (and its implications) seem incomprehensible to you?
Let's break it down together
1. US Treasury bonds
These are securities issued by the American government, purchasable by anyone on traditional financial markets.
You are literally lending money to the US government and in return for this nice gesture, you are promised a return (currently 3.8 %)
Treasury bills are simply acknowledgements of debt.
The US government is indebted to you (congratulations, you have a superpower in your pocket!)
2. โtokenizedโ
Literally: injected into a blockchain
Treasury bonds are transformed from a "virtual electronic" state (information on the hard drive of the Fed or a central bank) to a "cryptographic" state by being transposed in the form of digital assets (i.e. tokens) on a blockchain network.
We are talking about "tokenization of financial assets"
3. What for?
Let's simplify:
- Cheaper, lower costs for the issuer (government) and the holder
- Fewer intermediaries (savings on this side too)
- Excellent liquidity
- Unlimited fragmentation potential (a treasury bond is sold at least in tranches of $100 , with tokenization it is possible to divide this threshold by 10, 100, 10,000 to make the asset accessible to a wider audience)
- Transparent
- Ultra secure
- Auditable
- ...
To put it simply, there is SO much upside to using blockchain for financial assets that there is NO scenario where this technological approach will not prevail in the coming decade.
These 2 billion are therefore a very timid incursion into a market of 27,000 billion dollars just for US Treasury Bonds (and this without even counting other asset categories, such as indexes, shares, financial real estate, etc.)
In short and in conclusion, the tokenization of global financial assets and "The (real) next big thing" for blockchain and crypto