New episode the Doug the Duck comic book is finally out!

Vol. 11 - Channel the Pump

Check out if $Doug can beat $Peng with the art of balance he learned from Bruce Lee ☯️

Link: https://dougtheduck.com/co.../

Daily Memecoin Recap - November 13

Two days in a row where we get pump fun coins over $1b

Monkey Stolen By Police
$jorgie -> $7m to $18m (2.6x)

Free Shayne Coplan
$🦅 -> $41m
- shayne_coplan CEO of polymarket

- elonmusk replied to a tweet and supports the movement

PNUT TO BILLIONS
$pnut -> $900m to $2 .4b (2.7x), second pumpdotfun
coin to $1b
$OPK -> $48m , peanut beta based on an image as a Star Wars character
$betch -> $12 .8m, another peanut deriv
$sugar -> $6 .7m, a squirrel following the animal and squirrel meta from PNUT's attention
$thumb -> $5m , peanut's best friend
#babypnut -> $4 .58m
$jill -> $1 .8m, peanut's girlfriend
$bambam -> $1 .1m, peanut's brother according to the peanut IG page
#babyfred -> $668k
$bop -> $317k , book of peanut
- $PNUT becomes the fastest memecoin to a billion market cap

First PNUT Dev Coin
$vermin -> $7k to $532k (76x), claims to be the first token deployed by the $PNUT dev -> CTO’d

Elon Meta
$banana -> $16m to $60m (3.8x), continues to cook as the SpaceX meme gains attention and volume
$sink -> $287k to $4m (14x)
$vivek -> $4m , from the announcement that he will be the head of D.O.G.E
#babydoge -> $691k , a deriv of the Department of Government Efficiency

High Volume
$luce -> $116m to $310m (2.7x), the cult growsas people speculate an upcoming binance
listing
$ban -> $102m to $255m (2.5x)
$if -> $267k to $3 .2m (12x)

Animal Memes Continue To Cook
$bert -> $1 .7m to $56m (33x), the Pomeranian capitalizing on the animal meta
#petunia -> $5 .5m to $30m (5.4x), viral asf
$shrub -> $4 .6m to $21m (4.5x), Elon’s hedgehog
$solito -> $68k to $1 .4m (20.6x)
$maya -> $12m
$teddy -> $4m
#cricket -> $2 .8m
$odin -> $2m

Artificial Intelligence
$act -> $518m to $884m (1.7x)
#shoggoth -> $29m to $94m (3.24x)
$ret -> $158k to $2 .39m (15.1x), token launched by an AI-powered robot dog
$obot -> $20 .2m, oxyz
AI CEO requested to have her own memecoin
$upg -> $3 .1m
$spence -> $2 .8m
$actiii -> $718k , $ACT beta
$circe -> $525k
$acta -> $342k

More Cooks
$cedar -> $218k to $10 .4m (47.7x), CTO
$merlin -> $5k to $2 .6m (520x), miracle goldfish in the animal meta
#USÐ -> $1m , united states doge
$boggle -> $2 .7m
$hoj -> $1 .4m
$chief -> $1 .2m
$void -> $701k
#pnut2 .0 -> $450k

Amazing volume, multiple metas emerging

This pic is me after I collect the best AI memes

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Today we released the boo bears on ape

Here you can mint them:

https://0x1453b4c5e793abc8.../

And trade:
https://magiceden.io/colle...

Just announced a partnership with BullVerse!

Check out the $DOUG page on their new social media platform👇
bullverse.io/DougDuckSol

The platform will also later on offer to buy goods directly with Doug, if we decide to list.

Think of it like Facebook marketplace inside Twitter 🤯

Sign up to Bullverse with the link below, you'll get a free verified checkmark for 3 months:
https://bullverse.io?ref=D... (https://bullverse.io/?ref=...)

🥷 According to Coinbase, unmasking Satoshi represents a real risk for investors and knowing the name of the creator of Bitcoin would no longer be important.

“Now that the [Bitcoin] network is global and robust, discovering Satoshi’s identity is only relevant for history books or entertainment.”
says Samir Kerbage, Chief Investment Officer at Hashdex.

Analysts are particularly concerned that if Satoshi were identified and alive, he might sell his BTC and drive down the price.

As a reminder, Nakamoto owns at least 1.1 million Bitcoins worth nearly $68 billion.

Based Rollups

What are they, why do they exist, and which projects are already making waves?

A 101 explainer 👇

==================================

Scaling #Ethereum has been one of the most discussed challenges in crypto.

To address this, the community chose a rollup-centric approach. The idea is simple: Instead of hosting all applications on Ethereum, the focus is on rollups that offer faster, cheaper transactions while still settling back on Ethereum. As a result, you get faster, cheaper transactions, but still keep Ethereum’s security.

They're bringing more users and value to Ethereum, however, concerns remain about their reliance on centralized sequencers and liquidity fragmentation across chains.

This is where based rollups come in. They integrate more closely with Ethereum's infrastructure, helping retain value within the ecosystem. This new method of building rollups could bring additional value to Ethereum and $ETH .

What are Based rollups?
Based rollups, or L1-sequenced rollups, are a type of rollup where the base L1 chain, like Ethereum, manages transaction sequencing directly.

Unlike traditional rollups that rely on their own sequencers, based rollups tap into the security, liveness, and decentralization of the L1 by outsourcing transaction sequencing to the L1’s infrastructure. This infrastructure includes proposers, searchers, builders, and other actors who permissionlessly include based rollup blocks in L1 blocks.

How do Based rollups work?
Based rollups use the L1 for consensus, data availability, and settlement layers, while handling execution independently. For instance, when Ethereum is the base L1, the key layers of based rollups are as follows:

1. Execution Layer — Managed by the rollup itself, where transactions are executed off-chain.

2. Consensus Layer — Relies on Ethereum validators to sequence transactions.

3. Data Availability Layer — Uses Ethereum as the DA layer to ensure that transaction data is available for validation by anyone.

4. Settlement Layer — Also part of Ethereum, where final transaction states of the rollup are recorded.

Based rollups use Ethereum for everything from ordering transactions to settling them. While this approach may not seem radically different from traditional rollups, it fundamentally shifts how sequencing is handled. Instead of relying solely on separate sequencers, based rollups leverage Ethereum itself for transaction sequencing.

Why based rollups?
As Justin Drake outlined in his original post, based rollups are worth your attention for several reasons:

1. Inherited Liveness and Decentralization — One of the key advantages of based rollups is their ability to inherit the liveness guarantees of the base L1 chain. As long as the L1 is operational, so is the rollup.

2. Economic Alignment with L1 — The economic model of based rollups creates a mutually beneficial relationship with the L1. Priority fees and MEV from these rollups naturally flows to the L1. This synergy doesn’t just add value to the base layer, it also boosts the legitimacy and brand awareness of the rollups themselves, thanks to Ethereum’s community.

3. Cost Efficiency — Outsourcing sequencing to Ethereum reduces development costs, accelerates time to market, and lowers user costs (especially at scale) for based rollups.

However, based rollups have trade-offs. They sacrifice some profitability by relying on Ethereum for sequencing, missing out on priority fees and MEV. Additionally, they contend with Ethereum's inherent challenges, such as slow block times, which can cause latency issues.

There's a real debate that these changes might compromise the simplicity and security that initially made based rollups appealing.

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🔴 The ( MultiversX $EGLD ) can now be used to book hotels, flights and activities around the world through travalacom

We are thrilled to announce a utility based partnership with our friends from $Sato on Solana for the Sato Meme Booster! 🤝

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#SATO #POPDOG #Solana #MEMES

China to issue $284 BILLION in debt to save its economy! 💰🇨🇳

His recovery plan is COLOSSAL: 2,000 billion yuan distributed like this:

👉 1,000 billion to boost consumption: subsidies, equipment renewal, and even 800 yuan per month for each additional child!

👉 $1 trillion to save local governments from drowning in their $13 trillion in debt.

China wants its citizens to spend and is still targeting 5% growth in 2024, despite a FALLING housing market and rock-bottom consumer confidence.

The end of the year is going to be particularly intense!

The Bullverse team is rolling out a set of features...

It’s here — a crypto game for mass audiences.

Everything you need to know about
@solana
's new mobile shooter -- FTW 🔫👇

========================================
jungle_xyz’s FTW is a fast-paced mobile shooter where players can play casually or win real rewards by competing in tournaments and PVP wagering matches.

While FTW has multiple ways to play—Free-for-Alls, Team Deathmatches, and Extractions (akin to capture the flag)—its main mode is Showdown, where 10 players face off in a 3-minute Battle Royale. Here, players spawn with randomized load-outs of different heroes, weapons, and gadgets and can respawn during the first 2 minutes, battling to rack up points and buffs.

After this, the playing zone starts closing and respawns are disabled until the last player standing claims victory. Along the way, players can pick up new weapons and equipment scattered across the map. These come in four rarity levels: White, Blue, Purple, and Yellow, each offering increased power for an edge as the match progresses.
⚔️ Qualifiers (Mon-Fri): During weekdays, you can play Showdown matches for free and collect points to prepare for the weekend Finals. This mode helps you accumulate upgrades, currencies, and tickets, which will be crucial for weekend competition.

🎖Finals (Sat-Sun): The weekend Finals require one ticket per match, and only these games count toward the leaderboard for prizes. Players can win $USDC , $SOL , in-game rewards, and whitelist spots for Jungle’s Genesis mint — though you must connect your wallet and Discord to be eliglible.

Additionally, there is a Monthly Leaderboard on FTW’s Jungle Discord, where your Finals scores accumulate throughout the month. Players who perform well can qualify for boosted rewards.

How to Get Started:

Additional Features:

🎯 Auto-Aim: FTW lets you choose between manual and auto-aim in its settings. While it may burn through your bullets, personally I’d recommend auto.

💥 Hero Ultimates: Each hero has a unique ultimate ability like airstrikes, poison gas, or shock blasts, which charges up as the match goes on and you rack up more stats.

🧰 Hero and Weapon Upgrades: XP will be earned as you play, alongside crates offering unique boosts which can be used to upgrade your heroes and weapons, increasing traits like their resilience, precision, and speed.

How to Earn:

FTW’s tournaments are where the money’s made, and these events are split into Qualifiers and Finals:

📲 Download FTW: The game is available on the iOS App Store and Google Play in early access worldwide.

✅ Sign Up: Once downloaded, create your account through your email or Google.

🔗 Link Your Account: To qualify for rewards, join the Jungle Discord and complete your profile under the profile channel by linking your FTW account (a code will be provided in the app) and Solana wallet.

🏆 Join Tournaments: Participate in weekly Qualifiers to earn points, and use tickets to join the weekend Finals for a shot at the prizes.

And that's all it takes to get started here!

With mobile games feeling ripe for crypto adoption by augmenting their casual gameplay with onchain rewards, Jungle looks to be flying under the radar as a studio to watch.

Move quickly, though! The last Qualifiers for this first “Play-to-Mint” tournament end on September 27th, though we can expect more down the line.

✍️ by wmpeaster

Solana’s 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 platform’s 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, Solana’s 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 they’ve chosen is one of the 1.38% that graduate to Raydium.

Lavarage Partners with Backpack - Boosting Rewards
After launching in mid-August, Lavarage’s 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 Lavarage’s 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 “we have a good idea of how shorting can be implemented”, before conceding that the team “do not have any immediate plan to roll that out

🇩🇪 German MP Joana Cotar said she would distribute Bitcoin books to her colleagues in parliament.

"We will be happy to distribute the remaining copies here in the Bundestag."

Bittensor's cryptocurrency $TAO has climbed 100% in 2 weeks, how to explain it? 📈

This increase is driven by the rise of AI-related tokens 🤖 , boosted by announcements such as the results of nvidia and the new model of OpenAI .

Bittensor stands out with the upcoming launch of smart contracts, strengthening its interoperability and its advances in #IA decentralized 🌐

🚨 CHINA RELEASES HEAVY ARTILLERY

Xi Jingping is implementing the Chinese version of "whatever it takes".

Beijing launches a MASSIVE economic offensive to save its growth and its markets in free fall!

Key points:

✅ Lower interest rates
✅ Relaxation of restrictions on real estate
✅ Direct support for stock markets

The government allows funds and brokers to draw on central bank coffers to buy shares.

A COLOSSAL boost for the Stock Market!

The objective is clear: to restart the economic machine and stop the stock market hemorrhage.

The only question is whether inflation and consumption will follow. 🤔

Household wealth has melted like snow in the sun.

China is going for broke!

New Chapter Unlocked: @Solana 🔲

1 ⃣ Multichain Boost: Deblock is fully committed to the diversity of blockchains
2 ⃣ Solana, the fast and economical alternative: Ultra-fast and cheaper transactions.
3 ⃣ IBANs & Solana: Easily switch to fiat currency with our integrated IBANs.

Ready to explore? 🌐

The bulls are in charge as markets pump 🐂📈

But can J Pow really stick that Goldilocks landing to secure that full-on bull market?

What you should know 👇

========================================

Bulls appear to be firmly in control as the market prices in the “Goldilocks” landing scenario following Wednesday's major rate cut announcement.

What’s the Scoop?

✂️ Fed Cuts: Wednesday, America’s Federal Reserve announced a 50 bps (0.5%) decrease to its benchmark short-term policy rate in the central bank’s first instance of monetary easing during the post-Covid era.

📊 Volatile Regime: While markets initially rallied on confirmation of the telegraphed Fed cuts, they gave back the gains headed into the U.S. close and finished out that first day red. Although the bullish impulse from Fed cuts didn’t transpire until after the close, the broad market S&P 500 opened 1.5% higher today, the index’s strongest overnight gain since 2022 and its largest gap up opening to new all-time highs in at least 35 years.

🌼 Achieving Goldilocks: High interest rates were tough on the economy, but they were seen as necessary to control the big inflation that hit in 2022. Now that inflation has slowed down a lot in recent months, the Fed can start easing up on its monetary policies. Despite some softening in the labor market, numbers aren't pointing to imminent disaster, and global central bankers remain supremely confident they can keep unemployment from rising too much without causing more inflation through carefully calculated interest rate cuts.

📢 Bankless Take: The best mix of conditions seems to be coming together, boosting economic optimism and giving the green light for bulls to push markets to new all-time highs. While investors will see tanking inflation data as bullish and shrug off deteriorating labor conditions in the weeks ahead thanks to renewed confidence in the Fed Put, an unexpected turn for the worse will swiftly give way to serious recession concerns.

Analysis by JackInabinet

MagicBlock raised $3M in pre-seed funding to develop infrastructure for fully on-chain games and apps on Solana.

Using novel Ephemeral Rollups, MagicBlock will reduce latency, aiming to boost Solana's gaming ecosystem.

Phantom has introduced custom usernames, which enables users to send and receive crypto with personalized names instead of wallet addresses. The update includes synchronized settings across devices and a built-in address book.

🚨 Sui Network to integrate native USDC to boost liquidity and attract more users to its network.

The effect is immediate on the $SUI which increases by +8% following the announcement.

Meta Will Use Public Data From Adults In The Uk For Artificial Intelligence Training

Meta will start using publicly shared content from adult users in the UK on Facebook and Instagram to train its artificial intelligence models. The company will assess publicly available information, such as posts, comments, photos, and descriptions, from users on both platforms.

Meta emphasized that its AI is designed to reflect diverse global communities and plans to expand its AI initiatives to more countries and languages later this year. The company clarified that it does not use data from accounts of individuals under 18 in the UK.

In July, Meta halted AI assistant deployments in the EU following an order from the Irish Data Protection Commission (DPC) due to data privacy concerns. Meta claims it uses Facebook and Instagram user data with their consent and offers an option to opt out.

UK-based adults on Facebook and Instagram will receive in-app notifications detailing Meta's data usage practices and offering an option to object to the use of their data for AI training. Meta stated that it will accept all existing and new objection forms.

The DPC, responsible for enforcing the General Data Protection Regulation (GDPR), is intensifying its oversight. On September 12, it launched a cross-border investigation into Google Ireland Limited to determine if it complies with EU data protection laws in developing its AI models.

The investigation will focus on the use of EU citizens' personal data in training Google’s advanced language model, Pathways Language Model 2 (PaLM2), introduced on May 10, 2023.

The DPC also investigated the social media platform X and concluded the investigation after X agreed to meet the necessary compliance standards. On September 4, X agreed to stop using personal data of EU and European Economic Area (EEA) users to train its AI chatbot, Grok.

Daily Memecoin Recap - September 12

Decent volume today as $sol starts to pick up

$420k + In LP Rewards
$dev -> hit $16 .7m
- Launch by ChartFuMonkey

- He's taking a more transparent angle to the launch
- Promises to disclose all supply allocations to KOLs
- Over $400k in rewards have been distributed to the top 50 holders pre bond

Usher Gets Hacked
$usher -> hit $1 .9m
$usher -> hit $416k
-
Usher got sim swapped, a bunch of fake usher coins came out on pumpfun

Solana's Pepe
$lumi -> hit $1 .59m
$lumio -> hit $1 .41m
- Posted by solana
, good narrative

Murad's Final Pick
$spx -> $7m to $19 .2m (2.74x), on eth
- MustStopMurad posts his final cult on his top 10 highest meme conviction list
- Murad has 2.8% of supply
- Price instantly pumped following his tweet

Moonshot Launches
$tmn -> hit $350k , Trumpmoon
$clique -> hit $337k , $25k in LP Rewards

Hyped Launches
$woofie -> $167k to $1 .64m (9.8x), dog meme
$dwolf -> hit $3 .49m, "Dark Wolf"
$towd -> hit $262k , toad meme

Fwog Art
$luci -> $8m , $99k in LP Rewards, launched on moonshotdotcc

$bwull -> hit $697k , $fwog + bull
$holi -> hit $240k

Slow Cooks
$abcde -> $840k to $4 .37m (5.2x), was going straight up for the past few weeks, seeing more of it on the timeline
$autism -> $389k to $1m (2.57x), launched on July 16, ATH $7 .3m
$gm -> $93k to $402k (4.3x), cat meme, launched 2 months ago, pushed today

More Plays
$moodeng -> $200k to $959k (4.8x), baby hippo
$fc -> hit $757k , Fishcopter, fish + helicopter, CTO, good volume
$stacy -> hit $600k , $giga stacy
$zaboo -> hit $483k , Zaboomafoo
$minmori -> hit $369k , dog meme, posted by gireumee

$cc -> hit $267k , "CubCat"

I'm personally a fan of this moonshot meta w/ LP rewards. Will be interesting to see how if they're able to update the top 50 holders post merge

Lock in🔒

I need that book lol

Prices may be down, but Grayscale's making bull market bets if you know where to look.

These are the assets that have caught the attention of Crypto's Wall Street whisperer 👇

========================================

When Grayscale announces a new Trust for a particular asset, the market often reacts with a mix of excitement and skepticism.

It's a bit like a double-edged sword: a signal of saturation for some and a beacon of hope for others.

Some might interpret the launch as a sign that the market for that asset is reaching saturation or at least limited upside potential in crypto terms.

On the one hand, it’s a stamp of approval from a major player in the crypto space. It can lend legitimacy to the asset, potentially attracting institutional investors, and, at the very least, boost media coverage.

Grayscale has been adding new investment products at a faster clip, showcasing their conviction that we’re in the middle innings of a crypto bull market fueled by a grand slam of bullish signals: #Bitcoin ETF inflows, the long-awaited $ETH ETF launch, increasing stablecoin adoption, and steady growth in TVL across DeFi.

As a quiet giant in the industry, investors continue to watch what Grayscale is backing and what that says about their impressions of which direction the industry is headed. What assets have caught their attention lately? Let's find out. 👇

----------------------------------------------------------

Grayscale Decentralized AI Fund (FIL, NEAR, RNDR, LPT, TAO)

Grayscale Bittensor Trust (TAO)
Bittensor envisions a world where AI isn't a tool in the hands of a few corporations but a resource democratized for all. It aims to create an "Internet of AI" where everyone can contribute and benefit from AI models. $TAO incentivizes participants to contribute to the network by providing rewards for tasks like validating models and running AI computations.

As the AI race among big tech companies heats up, Grayscale believes that Bittensor offers a compelling alternative approach towards AI development, one that encourages a wider range of participants and ideas.

Grayscale SUI Trust (SUI)
$Sui boasts a novel blockchain design that prioritizes scalability and user experience. It allows for parallel processing, tackling multiple transactions simultaneously.
SuiNetwork
's competitive edge comes down to its custom-built programming language, Sui Move, which streamlines smart contract development and execution.

As the need for blockspace and faster execution in crypto increases, Grayscale believes that Sui opens the door to a new wave of decentralized applications that were previously limited by existing blockchain infrastructure.

The Grayscale Effect
Overall, the impact of a Grayscale Trust launch is highly subjective to the specific asset. By no means does it signify that the asset is destined for greatness. Take the Grayscale Decentraland Trust (MANA), for instance.

The key takeaway is that Grayscale's bullish outlook on crypto is evident in its recent product launches. They believe we're currently in a bull market and are positioning themselves accordingly.

Analysis by arjunnchand

🟡 Globees officially launches the first vacation rental platform on the blockchain, with first accommodations available across the world and many more to come 🔥

Thanks to blockchain technology, its staking program and its eco-responsible charter, this RWA project aims to revolutionize the way we book trips ☀️

https://x.com/globees_proj...

Service Spotted on BullPay !

https://bullpay.fun/c/xscl...

Organic growth + Engagement boost

Seller: GrowthAumatic Hub

Cost: $50

Central and Southern Asia Explore Sustainable Alternatives Following Bitcoin Mining Boom
Once a thriving hub for Bitcoin mining, Central and South Asia’s crypto community pivots to more sustainable networks.

While the Wed3 world focuses on international heavyweights like China and the United States, Central and South Asia (CSA) boasts a thriving and diverse crypto economy.

India and Pakistan enjoy some of the highest crypto adoption rates in the world, while cheap energy costs and regulatory clarity made Kazakhstan a Bitcoin mining hub in 2021.

As the crypto community seeks sustainable alternatives, Solana emerges as a prime candidate to support growing adoption in CSA nations.

Central Asia’s Bitcoin Mining Boom
Following the exodus of Bitcoin miners from China in 2021, Central Asian countries like Kazakhstan and Kyrgyzstan played host to huge amounts of crypto mining activity.

Abundant in natural resources, low energy costs, and crypto-friendly laws, the area quickly evolved into a thriving hub Bitcoin mining hub. Crypto mining operations paid as little as.03 per kWh for electricity in Kazakhstan, making it one of the world’s most cost-effective nations for Bitcoin farms.

This led to a surge in crypto adoption rates in Central Asia, with Kazakhstan becoming the world’s second-ranked Bitcoin mining nation in 2021. At its peak in October 2021, Kazakhstan accounted for 18% of the global Bitcoin hashrate. However, Central Asia’s mining utopia couldn’t last forever.

KAZAKHSTAN BITCOIN MINING INDUSTRY OVER TIME

The rising demand for energy put a significant strain on the Central Asian power grid, causing sporadic outages as aging Soviet-era infrastructure struggled to keep up. By May 2023, Kazakhstan’s contribution to the global hashrate had dropped to as low as 4%.

A wrath of regulations have since been implemented to curb crypto mining in Kazakhstan. New mining-specific tax rates have been introduced, and crypto miners in the nation are required by law to sell 75% of their revenue via centralized exchanges.

Meanwhile, neighboring countries like Kyrgyzstan and Uzbekistan are exploring more sustainable energy alternatives, including solar and hydroelectric farms.

IS SOLANA A CONVENIENT SOLUTION Solution?
Courtesy of its hybrid Proof-of-Stake/Proof-of-History consensus mechanism, Solana is one of the most environmentally friendly blockchains in the crypto industry. According to Solana Labs, one transaction requires less energy than a Google search. Additionally, Solana is carbon neutral, having implemented numerous carbon offsetting initiatives.