Daily Memecoin Recap - December 1

New month, new opportunities

XRP Takes Over
$xrp -> hit $9 .5m, XRP on $sol
$xrp -> hit $2m , redacted version
$btc -> hit $1 .8m, BTC on sol, $xrp beta
- Tiktokers are bullish on xrp
- Xrp is a meme in and of itself
- If you're buying memes on xrp ur ngmi

Buy & Sell Multiple Coins
$port -> hit $23m
- This platform lets you buy and sell multiple coins in a single transaction
- You make your own portfolio of up to four coins

First AI TikTok Live Streamer
$buzz -> hit $2 .2m

Pump Fun Mascot
$bumpie -> hit $1 .3m

Degen Memes
$usdt -> hit $7 .8m, usdt to $5
$lemon -> hit $4 .2m
#spooderman -> hit $2 .3m, redacted spiderman
$aut -> hit $1 .5m, absolute brainrot
$parrot -> hit $1 .5m, party parrot

Artificial Intelligence
$alch -> hit $83m , unique tech with a market place
$max -> hit $15 .2m, $btc maxi
$skai -> hit $4 .5m, skainet
$ascend -> hit $4m
$arc -> hit $3 .1m
$e /69 -> hit $3 .1m

Christmas Meta
#santahat -> hit $15m
$welf -> hit $8 .3m, runescape meme
$gingy -> hit $1 .8m, The Gingerbread Man
$kevin -> hit $950k , home alone actor

More Cooks
$mundi -> hit $100m
$sitcom -> hit $26m
$pronut -> hit $12 .4m
$pearl -> hit $8 .3m
$tardi -> hit $3 .6m
$mind -> hit $2 .6m, hyped launched
$bob -> hit $2 .1m, spongebob meme
$snoopy -> hit $1 .8m
$elsa -> hit $1 .6m, princess elsa from frozen
$yolo -> hit $1m
#1000xDec -> hit $843k , 1000x in December
$cancel -> hit $720k , cancel culture

What are your goals to end the year?

Daily Memecoin Recap - November 25

Decent volume, market's waiting for a clear meta

Peanut's Owner Launch
#justice -> hit $165m
$fmark -> hit $510k , f*ck the owner
- Owner of Peanut launches his own coin, claiming that $pnut and $fred used his story for money

Pump Fun Closes Livestream
$victim -> hit $3 .7m, victims of pump fun
#homeless -> hit $1 .3m, live on street until we hit $50m
- After users are majorly concerned with some of the streams coming out, pump fun closes the feature

TikTok Meta
$dk -> hit $17 .5m, Just A Chill Donkey Fr
$baldi -> hit $3m , Baldi Baldimore
$mew -> hit $1 .9m, mewing snowman
$los -> hit $1 .7m

Bob Takes Over Twitter
$bob -> hit $32 .1m, This is Bob. Copy and paste him

Good Art
$fric -> hit $26 .6m, frog

Artificial Intelligence
$ubc -> hit $10 .4m, Universal Basic Compute
$loria -> hit $4 .9m, new
truth_terminal

More Cooks
$ass -> hit $24m
$sava -> hit $8 .3m,
MartinShkreli replies
$1 -> hit $6 .7m, just buy $1 worth of this coin
$sercy -> hit $5 .6m
$rna -> hit $5 .5m
$na -> hit $5 .1m
$loria -> hit $4 .9m
#tontoba -> hit $4 .5m
$blt -> hit $3 .7m, bltcoin
$bread -> hit $3 .1m
$braz -> hit $3m
$perrot -> hit $2 .7m
$cancer -> hit $2 .5m, f*ck cancer
$alot -> hit $1 .8m, this will be worth alot
$sunny -> hit $1m
$bee -> hit $560k
#santahat -> hit $450k , runescape meme

There's opportunities every day

Did you cook?

The Kitten Show: Road to Succes in Web3 🎙️
14.11.2024 / 4 PM UTC

Discover key strategies and insights to navigate and succeed in the fast-evolving Web3 landscape.

Our amazing Speakers:
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Daily Memecoin Recap - November 4

Elections are tomorrow👀

Official decision should be out by November 6th

New Born Hippo
$haggis -> hit $8 .6m
- Pygmy like #moodeng

Peanut Pulls Back
$pnut -> $134m to $27m (-80%)
- Major pullback despite the hype surrounding mentions by elonmusk & realdonaldtrump

Peanut's Owner Drops a CA
$peanut -> hit $6 .1m, the official Peanut & Fred coin

Elections
$trump -> $130k to $2 .2m (17x)
$Trump -> hit $1 .7m, 4 pixel Trump
$vdog -> hit $837k , vote dog
$4547 -> hit $638k , realdonaldtrump 45th & 47th president
$usdt -> hit $630k , Ultra Sigma Donald Trump

Fwog Is King
$fwog -> $185m to $357m (1.9x from the recent low)
- Continues to make new ATH's every day

Cat Meta
$bop -> $3 .5m to $18 .4m (5.3x), bop cat
$buu -> $700k to $5 .4m (7.7x), $130k + in LP Rewards
$ks -> $790k to $3m (3.8x), good vol despite overall market volume decreasing
$angy -> $215k to $1 .9m (8.8x)

Retire
$retire -> $1 .7m to $6 .3m (3.7x), good narrative, listed on usemoonshot

More Cooks
#griffain -> $900k to $5 .8m (6.4x)
$cupsey -> $500k to $3 .7m (7.4x), pump fun mascot plushie
#grizzly399 -> $100k to $1m (10m), rest in peace bear
$wiz -> $100k to $600k (6x), wizard dog, ATH $3m
$woof -> hit $5 .25m, hyped launch
$major -> hit $2 .5m, moonshot launch, $20k + in LP Rewards
$🍅 -> hit $2 .1m, walking tomato
#AaronSw -> hit $1 .5m, Aaron Swartz, tweet that elonmusk interacted with
$blob -> hit $1 .2m
$cuzco -> hit $910k , OpenAI's GOAT
#pf500 -> hit $840k , pump fun index fund
$rsm -> hit $500k , runescape memes
$early -> hit $475k
$wbw -> hit $430k , white boy winter
#ptcx6900 -> hit $400k , pumpfun top coins index

Volume has been slowly decreasing over the last couple of days due to the uncertainty with the election

Markets hate uncertainty, we resume up mode once it's over

Daily Memecoin Recap - November 3

All eyes on Elon, decent vol this Sunday

Elon's Pets
$shrub -> hit $30m , elonmusk's pet hedgehog
$eric -> hit $2 .1m, Elon's pet fish
$marvin -> hit $894k , Elon's dog
- He mentioned his pets in multiple tweets

Justice For Peanut
$pnut -> $3m to $134m (45x)
$fred -> $60k to $21m (350x), euthanized with Peanut
$opk -> hit $7 .8m, Obi Pnut Kenobi, Star Wars + Peanut, based on an elon musk tweet, multiple coins came out
$peanut -> hit $5 .1m, claims to be a fair and community launch
$GOPnut -> hit $2 .5m, Peanut for the GOP official mascot
$wally -> hit $1 .2m, Peanut's Brother
$karen -> hit $975k , peanut killer
$plf -> hit $580k , peanut liberty foundation, based on elon's tweet

Killed Animals
$kamala -> hit $5m , elephant
$cedar -> hit $5m , stolen pet goat
$albert -> hit $1 .4m, alligator
$legacy -> hit $915k , combination of killed animals, HarambePnutDogeFredHeaven420inu
$phil -> hit $860k , water buffalo escaped
#grizzly399 -> hit $360k , grizzly bear
- After Peanut's sad passing, degens are finding similar cases

Pump Fun Stuffed Animal
$cupsey -> hit $7m
$rupsey -> hit $530k , red version of $cupsey
- orangie posted a pumpdotfun stuffed animal
- Pump fun founder a1lon9 interacted
- orangie said its name is Cupsey, named after Cupseyy

Election Meta
$harris -> $365k to $4 .1m (11.2x), KamalaHarris
$rigged -> hit $3 .65m, gently used voting machine
$rocky -> hit $1 .4m, first dog candidate
$brent -> hit $670k
$erect -> hit $200k , Erection 2024

Old Elon Memes
$shrub -> $35k to $11m (314x), old meme on $ETH
$shrub -> $10k to $4 .1m (410x), old meme on $SOL

Iranian Feminist
$girl -> hit $1 .8m, viral Persian feminist
$ahoo -> hit $910k , Ahoo Daryaei
$ahou -> hit $430k

Grass Keeps Pushing
$grass -> $153m to $469m (3x)
- After initial fud on launch, it keeps pushing

More Cooks
#zerebro -> $5m to $25m (5x), AI
$suwi -> hit $14 .5m, solana's happy coin
$monkey -> hit $3 .8m
#griffain -> hit $2 .9m
#goatsenet -> hit $2 .7m
#dekopon -> hit $1 .9m, baby rhino
$beppo -> hit $1 .4m, chimp in space
$ks -> hit $1 .3m, kittyspin
$angy -> hit $1 .1m, cat
$mimi -> hit $1m , cat meme

Lock in for the new week tomorrow.

What are your goals?

Daily Memecoin Recap - October 31

Million dollar runners is the norm at this point 🤫

TheCat Burns Bundled Supply
$thecat -> $7 .25m to $13 .2m (1.8x)
- 21% of supply has been burned
- Roughly $2 ,000,000 worth

Solana Foundation Cat
$hima -> hit $22m
$hima -> hit $835k , solana official mascot cat
- 50% of supply sent to the solana foundation

RIP ETH
$ripeth -> hit $16m
$eth -> hit $360k , #retardio + $eth
- Literally rip $ETH

Bome Dev Rumour
$㊙️ -> hit $2 .2m
- Launched with $bome like art
- People speculated that it was somehow connected to the $bome deployer wallet
- Currently sitting at $44k

OpenAI Mascot
$sky -> hit $5 .1m
- kevinweil confirmed its name on reddit

Election Soon
$47 -> $1m to $14m (14x), devs clipped, now slowly climbing up again
$deep -> hit $1 .9m, the deep state
$honor -> hit $1 .7m
#freedom -> hit $315k

Artificial Intelligence
#project89 -> $6 .3m to $26 .2 (4.2x)
#zerebro -> $4 .2m to $15 .7m (3.7x)
$ib -> $530k to $11 .6m (21.9x)
$matrix -> hit $3m , Roko's Matrix
#logos89 -> hit $1 .8m
$moksha -> hit $1 .6m
$pp -> hit $995k , PumpPad AI

Retardio
#retardio -> $115m to $185m (1.6x)
$rzack -> hit $2 .7m, #retardio + $zack , MrZackMorris

Sigma Goes For ATH
$sigma -> $51m to $94m (1.8x)

More Cooks
$rzlr -> $3m to $14 .7m (4.9x), the rizzler
$earl -> $1 .7m to $9 .1m (5.3x)
$fridge -> $1 .5m to $5m (3.3x)
$snoo -> hit $9m , Reddit Mascot
$hat -> hit $6 .1m, first no-code AI agent launchpad on solana
#pumpcat -> hit $2 .4m
$pnut -> hit $2 .1m, pet squirrel
$cape -> hit $1 .1m, crazy ape
$copium -> hit $930k
$luchi -> hit $845k , $LUCE + $MICHI
$ks -> hit $840k , kittyspin
$aqutan -> hit $820k
$cone -> hit $770k , cone cat
$derg -> hit $760k , dog meme
$gamma -> hit $730k , $giga beta
$bangy -> hit $720k , cat meme

What are you bidding?

Daily Memecoin Recap - October 26

Decent volume for a Saturday

Minecraft Meta
$pig -> $664k to $9 .18m (13.8x), minecraft pig, first mover
$steve -> $20k to $1m (50x)
$test -> hit $2 .44m, first coin deployed on Minecraft by stevetoshi
#minecraft -> hit $941k
$dog -> hit $367k , minecraft dog

Dubai Baby Rhino
$onyx -> hit $3 .88m
- Dubai Safari releases the name of their baby rhino

Dog Meta
$wiz -> hit $1 .83m, wizard dog, same dev as #moodeng

Artificial Intelligence
$shegen -> $20 .75m to $44 .7m (2.2x)
#project89 -> $4 .58m to $31m (6.7x)
#memesAI -> $4 .6m to $45m (9.8x)
$chaos -> hit $6 .4m
#praiseAI -> hit $2 .45m
#raccoon -> hit $1 .73m, Raccoon AI
$vof -> hit $1 .36m
$ex -> hit $1 .1m, NSFW ai robot
$sara -> hit $800k
#pilgrim -> hit $300k

Goat Betas
#babygoat -> $483k to $8 .3m (17.2x)
$moshi -> $55k to $2 .4m (43x), completely unrelated coin, but since Truth Terminal tweeted "moshi", this one pumped
$moshi -> hit $6 .12m, based on a truth_terminal tweet
#daddygoat -> hit $1m , $goat beta

Place Pixels
$pixel -> hit $6m

More Cooks
$ban -> $2 .5m to $39m (15.6x), viral banana taped to wall
#malakai -> $1 .9m to $6 .33m (3.3x)
$eth -> $600k to $4 .6m (7.6x), based on VitalikButerin's tweet "the ticker is ETH"
#ftj500 -> $390k to $1 .32m (3.38x)
$nofap -> $531k to $1 .6m (3x), ansem replied
$chris -> hit $2 .16m
$x /acc -> hit $1 .8m, extreme accelerationism, good community
$dots -> hit $1 .8m
$swig -> hit $943k , gen z meme
$pan -> hit $816k , comedian pepe
$myst -> hit $782k , $43k + in LP Rewards
$drog -> hit $497k , dog + frog
$escape -> hit $335k , escape the rat race

Are you touching grass?

Shout out to the Community and Raiders for painting the twitter timeline Purple 24/7 💪🎨🖌️🟣🟣🟣🟣🟣🟣🟣🟣

You can not escape the PURPLE DOG!🐶

🎨 Temi is redefining creativity in the memecoin space! With electrifying songs, stunning artwork, and thrilling games, he’s making waves. Plus, merch is on the way, and a music app is in development.

Join us as we color the crypto landscape together! 💚✨

#TEMI #CreativeMemeCoin

Drift Protocol, a rising star in the Solana DeFi space, has secured a $25 million Series B funding round led by crypto venture firm Multicoin Capital. This significant investment follows Drift's series of strategic moves to capture a larger share of the diverse DeFi derivatives market and will fuel an ambitious expansion of its team.

Drift's recent launch of BET on DRIFT, a prediction market built on Solana ahead of the US elections, has garnered considerable attention. Within just one week of launch, Drift flipped PolyMarket in 24-hour volume on August 28th, 2024, signaling a strong user response and a potential shift in the prediction market landscape.

The platform's rapid growth, with $388 million in total value locked (TVL) and a series of successful product launches, has attracted significant investor interest. While details of the latest funding round remain unclear, it is believed to be a private token sale, given Drift's existing $DRIFT token launched in May 2024.

Multicoin Capital's Managing Partner, Kyle Samani, confirmed the private nature of the funding round in a tweet posted a few days before the official announcement. He expressed strong confidence in Drift's potential: "We have been analyzing DeFi derivatives pretty seriously since 2019-2020, and we believe that Drift Protocol is the best positioned protocol to capture that opportunity. We led multiple private rounds and have been buying on the public market since the token launched in May."

The Drift token $DRIFT has surged by 77% in the past 30 days, currently trading at.73 at press time.

Drift's Journey: From Seed to Series B and Beyond
Drift's journey to this point has been marked by steady growth and strategic fundraising. The platform raised $3 .8 million in a seed round in 2021, followed by a $23 .5 million Series A round in May 2023. This latest funding round brings Drift's total funding to an impressive $52 .5 million, positioning it for further expansion and innovation.

Fueling Growth: Doubling the Team
With this fresh injection of capital, Drift is set to embark on an aggressive growth trajectory. The company plans to double its headcount from 25 to 50 within the next year. This expansion will bolster Drift's capabilities across various fronts, including engineering, product development, marketing, and business development.

With fresh capital and a growing user base, Drift is well-positioned to execute its ambitious roadmap. The platform plans to expand its suite of financial services tools, enhance its cross-margin functionality, and further develop its prediction market offerings.

📊 The DEX landscape is changing!

Uniswap's market share has fallen from over 50% in October 2023 to less than 36% today.

Pancakeswap, Aerodrome, Orca and Raydium all exceed 7% market share 📈

Magic Eden, Solana’s leading NFT marketplace by trading volume, has surprised network participants with an unexpected announcement.

On September 5, the crypto juggernaut revealed it would be splitting its trading platform into two separate sites, Magic Eden International and Magic Eden US.

The move has drawn skepticism from the wider community, who speculate that the regulatory landscape in the U.S. could impact user eligibility for Magic Eden’s highly-anticipated airdrop.

MAGIC EDEN'S U.S. USERS FEAR AIRDROP EXCLUSION
In the official announcement, Magic Eden posited that the U.S. site “will still have great products you know and love while .IO [the international site] will give us the ability to cook up (and sauté) even more features…”, suggesting that the U.S. platform will offer a limited range of services compared to its international equivalent.

Magic Eden users have expressed concerns that these limitations could extend to airdrop eligibility. Throughout the year, Solana users based in the United States have frequently found themselves unable to claim tokens due to geographic restrictions.

Due to regulatory concerns and the ongoing scrutiny of the SEC (Securities and Exchanges Commission), many crypto projects, like Sanctum and Grass, avoid distributing airdropped tokens to U.S. users.

Regulatory clarity around NFTs and digital assets were further exacerbated in late August, when the SEC issued a Wells notice to OpenSea, an alternative NFT marketplace.

Claiming that the platform facilitated the sale of unregistered securities, the notice serves as a preliminary warning and often precedes formal legal action.

In what could be considered a tongue-in-cheek gag, the official Magic Eden 𝕏 account also added a playful line to it’s bio, stipulating that “Tweets are only for non US Residents”.

SolanaFloor engaged the Magic Eden Foundation for clarity sounding the airdrop eligibility of its U.S. users. At press time, the Magic Eden Foundation declined to respond.

$ME TRADES AT.20 DESPITE LACK OF TOKENOMIC CLARITY
Since the initial announcement of the Magic Eden airdrop, pre-market trading for $ME has witnessed volatility. After opening at.08 on August 28, $ME pre-market prices rose as high as.24 before stabilizing at.20.

Despite attracting over $700 ,000 in trading volume, pre-market trading platform Whales Market has been criticized for opening a market for a coin with an unknown supply.

Without any publicly revealed tokenomics, pre-market traders are speculating on $ME at unknown valuations, which could lead to significant losses for participants.

COINGECKO NAMES MAGIC EDEN CRYPTO’S LARGEST NFT MARKETPLACE
Despite 2024’s NFT market suffering challenging conditions and diminishing volumes throughout the year, Magic Eden has managed to reassert its position as the industry’s top marketplace.

Coingecko, a popular cryptocurrency analysis site, recently declared Magic Eden as 2024’s top NFT marketplace. Boasting 36.7% market share, much of Magic Eden’s success this year could be credited to its adoption of the Bitcoin ecosystem, including its integration of Ordinals, BRC-20 tokens, and Runes.

Marinade Finance, one of Solana’s original staking providers, has found itself in hot water with validator operators.

Validators argue that Marinade’s new Stake Auction Marketplace (SAM) harms the staking landscape, allowing malicious actors to thrive at the expense of honest validators.

Beyond losing stake in the network, chagrined validators suggest that, left unchecked, the SAM model is a threat to decentralization and Solana’s scalability moving forward.

Marinade has dismissed these accusations. Countering claims of apathetic negligence, Marinade argues those who criticize the new system do so out of spite.

Is this a case of willful blindness, or are validators looking for a scapegoat to blame for their own shortcomings?

WHY ARE VALIDATORS UPSET?
Once heralded as a powerful new model that would push staking APY to new heights, the SAM has drawn scorn and skepticism from certain validators. Marinade’s SAM enables validators to bid on network stake, with winners securing stake and passing on elevated rewards to delegators.

To win auctions, validators competitively bid on network stake. However, surging demand for stake has driven validators to bid at potentially unsustainable levels. In previous epochs, winning validators needed to yield over 10% APY to win auctions, a rate considered impossible to achieve through native staking alone.

This has led certain operators to speculate on how these validators can afford such high bids. Suggesting that such yield can only be achieved through malicious activities, like sandwich attacks, private mempools, and off-chain deals, some validators argue that Marinade is turning a blind eye to dishonest validators.

Distressed validators have created analytics dashboards to express their frustrations and support their claims. Hanabi’s ‘Marinade Stake Selling’ dashboard highlights that a number of validators flagged for malicious activity have won stake through the SAM.

Responding to accusations levied by third-party dashboard creators, Marinade CEO Michael Repetny argues “Hanabi lacks any methodology, they only copy labels from other Stakewiz dashboard to call it a day.”

Adding further context to the claims of disgruntled operators, Repetny affirms “Hanabi lost 1M SOL from Marinade so it’s understandable he fights the new system.”

Concerned validators have taken to Marinade’s Discord server to air their grievances. Operators have claimed that, through the SAM, over 2.7M SOL has been staked to questionable validators, including sybils and sandwiches. Disgruntled operators even suggested “Marinade wants you to have side deals, ethical or not.”

Additionally, validators have argued that if “most of the mSOL pool is delegated to unethical validators it’s a really bad look for the Solana ecosystem.”

In an exclusive statement with SolanaFloor, Max Kaplan, Head of Engineering at Edgevana, credits Marinade for trying something inventive that “had never been done before”.

However, Kaplan admits that Marinade “went full capitalist… basically, the highest bidder wins. Marinade doesn’t really care if a validator bids for stake and is just gonna lose money on that stake, that’s not their problem… They’re happy to take the money and give that to mSOL holders.”

Experts argue that in current conditions, staking yield over 10% simply isn’t sustainable. Kaplan contends “10% APY is higher than the native staking yield that is paid out on chain. The money has to come from somewhere.”

Without making any accusations, Kaplan theorizes that additional yield could potentially come from a validator’s own “marketing/growth budget” or other sources like “SWQoS / private mempool deals”.

Responding to any accusations, Repetny reinforces Marinade's stance that “SAM provides the best yield on the market for delegators. It is not an active policy maker or opinionated strategy to tweak the network.”

The window to escape will soon close, will you join the winning side?

After weeks of eager anticipation, Lavarage has finally launched its generous rewards program. Offering DeFi traders a more efficient way of navigating onchain markets, Lavarage adds a new dimension to permissionless margin trading by leveraging spot assets, rather than the synthetic perpetual assets used across the Solana ecosystem.

With the launch of Tephra, the protocol’s dynamic points program, Lavarage brings renewed enthusiasm to Solana’s margin markets and re-stokes the flames ahead of a future airdrop.

THE TEPHRA POINTS SYSTEM - MISSION 1 NOW LIVE
Rewarding dedicated traders and community members alike, the Tephra points system aims to provide fair opportunities for all ‘Lavanauts’. By using the Lavarage trading platform and engaging in community-building activities, Lavanauts earn Tephras, which will be directly correlated to an eventual airdrop.

Users earn Tephras every time they execute an action in the Lavarage platform. Whether you’re opening positions, paying interest on borrowed assets, or staking SOL for lstSOL (Lavarage’s native liquidi staking token), users are actively earning Tephras. The team has also hinted that users can boost Tephra generation by holding Lava Rock Alpha NFTs.

Profitable traders stand to generate even more rewards. Encouraging skilled traders to use the platform, points are also being distributed based on the profitability of individual trades. Making point generation accessible to those with smaller wallets, Tephras can also be earned through community-building activities.

Adding an additional layer of intrigue to the Tephra program, Lavarage proposes diversified missions. With each mission lasting two weeks, the Lavarage team will adapt rewards based on the protocol’s strategic goals. While this keeps the rewards program dynamic, it also works as a countermeasure against bots and airdrop farmers seeking to game the system.

Mission 1 is currently live. Lavarage users can easily track their Tephra points tally through the app. Lavarage’s earliest users and supporters can now verify rewards accumulated during the ‘OG Mission’.

WHAT IS LAVARAGE?
Designed to improve capital efficiency in DeFi trading and boasting a streamlined user experience, Lavarage offers a creative approach to margin trading on Solana. Unlike the network’s vast range of perpetual DEXes, Lavarage contracts use spot assets.

This means that the platform offers more accurate pricing and liquidity than perpetual markets and allows traders to buy and sell the underlying assets.

Lavarage usage has erupted in recent weeks. Since the end of June, the platform has facilitated over 5,000 spot-margin positions at an average leverage of 3x. Boasting over 500 assets, Lavarage has attracted over 1,000 unique users with a retention rate of over 60%.

Beyond trading, Lavarage also manages to provide generous yield to its liquidity providers. According to the platform, SOL stakers have earned over 40% APY through Lavarage since the protocol’s inception.

WHAT'S NEXT?
With the Tephra points program officially underway, the Lavarage team has hinted that the upcoming TGE “might not be too far off”.

Regardless, Tephra is expected to boost the platform’s growing user base and volume, helping Lavarage grow towards becoming a key player in Solana’s flourishing DeFi Landscape.

Daily Memecoin Recap - August 18

Did you print or did you touch grass today?

Blinks Launch
$bgg1 -> hit $6 .9m blinks_gg

- Utility project

Davinci Community Coin
$early -> $115k to $2 .2m (19x), 20% of supply sent to Davincij15

Reddit Dog Pushes Over $10m
$snoofi -> $2m to $11 .5m (5.75x), $r /snoofi, community is on reddit, original idea
$limmy -> $50k to $450k (9x), $r /limmy, reddit cat
$reddit -> hit $900k
$mcdog -> hit $630k , "minecraft dog", dev made a minecraft server for the coin
$r /ape -> hit $445k , "reddit ape", CTO

Dog Meta
$ken -> $90k to $1 .95m (21x), $doge 's owner's first dog, KOLs leaked info
$joey -> hit $525k , dog meme, interesting people involved
$yuko -> hit $500k , shiba inu, CTO

More Cooks
$bub -> $2 .3m to $30m (13x from the low), good CTO team, viral cat meme
$taddy -> $600k to $3 .3m (5.5x), "Daddy Trump",
cobratate's $daddy + Trump
$phat -> hit $2 .1m, "party hat", RuneScape
meme, 73.5% of supply burned
$4chan -> hit $800k , "FSJAL"
$roastie -> hit $310k

Volume is going to pick up tomorrow as the weekend comes to an end

Really liking this reddit meta, brings some freshness to the market

In a move that could significantly reshape the Solana DeFi landscape, Renzo Protocol and Jito Network have joined forces to introduce $ezSOL , the first-ever Liquid Restaking Token (LRT) on the Solana blockchain. This groundbreaking partnership combines Renzo's expertise in liquid restaking with Jito's MEV-enhanced validator network, promising to unlock new levels of capital efficiency and yield optimization for Solana users.

JITO'S RECENT FORAY INTO RESTAKING
This development comes just weeks after Jito, a leading Solana liquid staking protocol, officially entered the restaking market. The protocol released Jito Restaking, an open-source module designed for the Solana blockchain, supporting both staking, restaking, and LRTs. This move signaled Jito's ambition to expand its offerings and capitalize on the growing interest in restaking within the Solana community.

Renzo brings a wealth of experience from successful Ethereum protocols like EigenLayer and Symbiotic, where it currently boasts a TVL of $1 .28 billion, having reached a peak of $4 billion in June.

UNDERSTANDING LIQUID RESTAKING TOKENS(LRTs)
Restaking, a concept gaining traction on Ethereum, allows users to restake their staked assets to secure additional networks and protocols, thereby earning additional rewards. LRTs take this a step further by providing users with a liquid representation of their staked assets, which can be used across various DeFi protocols while still earning staking rewards.

$ezSOL : UNLOCKING NEW POSSIBILITIES
$ezSOL , minted using JitoSOL as the underlying staked asset, leverages Jito's MEV-enhanced validator network to offer users the potential for compounded rewards from staking, restaking, and MEV extraction. This unique combination makes $ezSOL a powerful tool for maximizing yield within the Solana DeFi ecosystem.

Aiming to streamline and simplify the Solana user experience, Fuse Wallet has unveiled yet another creative tool. After delivering Solana’s leading multisig solution and developing a seed phraseless smart wallet, Fuse is finally bringing gas abstraction to Solana.

What is gas abstraction, and how does it facilitate simplified applications on the Solana blockchain?

HOW DOES GAS ABSTRACTION WORK
In an eagerly awaited update, Fuse Wallet has finally implemented gas abstraction. A helpful onboarding tool, gas abstraction makes Solana gas payments simpler than ever before by expanding the ways in which users can pay transaction fees.

Through the platform’s Paymaster feature, Fuse Wallet’s native LST (Liquid Staking Token), fuseSOL can be automatically converted to SOL to pay transaction fees. This gives users greater flexibility by enabling them to deploy all their SOL throughout the ecosystem while still enjoying the staking rewards provided by fuseSOL.

Essentially, Fuse Wallet’s Paymaster feature ensures that your wallet always maintains a minimum balance of fuseSOL that is sufficient to pay transaction fees. Kept separate from your main balance, the Paymaster also allows for a daily spending limit of 0.1SOL.

While for now, this might sound as simple as using fuseSOL for transaction fees instead of SOL, the future implications allow for a far more diversified onchain landscape.

WHY IS THIS HELPFUL?
In the future, Fuse Wallet expects that users will be able to pay gas fees using any supported cryptocurrency, like USDC. Successful implementation of gas abstraction means that users are no longer required to hold SOL in their wallets, enabling them to explore the Solana ecosystem with greater freedom and simplicity.

Additionally, gas abstraction will make it possible for applications to cover the costs of network transaction fees on behalf of their users. This feature eliminates a massive friction point that hampers adoption and helps new users join the onchain economy.

Commentators on social media have lauded the move as a bold step forward for crypto onboarding.

FOR THE FIRST TIME EVER, SOLANA Now IS GENERATING MORE ECONOMIC VALUE THAN ETHEREUM

In a historic turn of events, Solana has overtaken Ethereum in several crucial performance indicators, marking a significant shift in the decentralized finance (DeFi) landscape. For the first time ever, Solana has surpassed Ethereum in daily fees and revenue generation, raking in $2 .3 million in fees and $1 .07 million in revenue over the last 24 hours.

The momentum doesn't stop there. Solana has dominated Ethereum in decentralized exchange (DEX) volume for three consecutive weeks, a feat never before achieved. If Solana maintains its lead for the remaining two days of July, it will secure its first-ever monthly DEX volume victory, having already traded $51 billion compared to Ethereum's $48 billion in the first 29 days of July.

Solana's DEX volume share has also reached an all-time high of 42% across all chains, even outpacing Ethereum and all its Layer 2 solutions combined.

Jito, Solana's leading protocol by total value locked (TVL), has also claimed the top spot in all of crypto for fee generation. Jito generated an impressive $3 .27 million in fees in the last 24 hours, surpassing Lido and solidifying its dominance. The protocol's recent announcement to introduce restaking on Solana has fueled demand for its governance token, JTO, which has surged 48% in the last two weeks and trades at $3 .25 at press time.

This series of achievements has not been well-received by Ethereum proponents, who have resorted to spreading misinformation about Solana's success. They claim that most of Solana's volume is artificially inflated by MEV bots and volume bots.

However, when we check the actual data, it turns out that it contradicts these allegations, revealing only minor differences in the percentage of MEV-related DEX volume between Ethereum and Solana. Ethereum's average MEV share of DEX volume from October 2022 to July 2024 stands at 11%, while Solana's average remains notably lower. Although Solana experienced a temporary spike to 15-20% in March 2024, it has since returned to normal levels, debunking claims of excessive MEV activity.

Solana now dominates Ethereum in key metrics like DEX volume, fees, revenue generation, and active addresses, showcasing unprecedented demand as all key adoption metrics continue to rise. Solana is rapidly dethroning Ethereum as the most used blockchain and hub of on-chain activities, solidifying its position as a major player in the decentralized finance arena.

July 19th’s devastating IT outage left hundreds of businesses across the world scrambling to provide basic services. A software bug that was prematurely pushed to production wrought havoc across the globe, temporarily shutting down banks, airlines, and essential services.

Cryptocurrency may not have been a solution to this particular problem, but the event still exposed the vulnerabilities and flaws of our reliance on centralized infrastructure.

What makes DePINs more resilient than centralized alternatives and why is Solana so well-equipped to support decentralized infrastructure?

SECURITY THROUGH DECENTRALIZATION
One of the fundamental staples of the cryptocurrency industry, decentralization is key to avoiding singular points of failure. Drawing resources and infrastructure from distributed sources makes any entity vastly more robust.

Despite detractors arguing that the network is dangerously centralized, Solana has proven its critics wrong, establishing itself as one of the industry’s most decentralized blockchains. A common and admittedly simplified measure of network decentralization, Solana boasts a Nakamoto Coefficient that surpasses the bulk of its rivals.

However, where Solana gains its edge is through the development of alternative validator clients. Barring Ethereum, most Layer One blockchains rely on one sole validator client. Ironically, if a software bug was pushed to production, as was the case with the CrowdStrike outage, these blockchains could also fall victim to a complete network outage.

On the other hand, Solana is on track to eliminate this vulnerability. The network currently hosts two independent validator clients. Solana’s network resilience will go to new heights with the deployment of Jump Crypto’s Firedancer client, which completely rewrites the network into a different programming language from scratch, eliminating the risk of one bug affecting various clients.

Not only is Solana becoming more decentralized by the day, but the network’s thriving DePIN sector is witnessing unrivaled adoption.

SOLANA LEADS REAL WORLD DePIN ADOPTION
Crypto’s DePIN sector is vague. Despite deploying zero infrastructure and offering no proof-of-concept, hundreds of different projects are categorized as DePIN protocols by various blockchain data sites.

For example, CoinMarketCap’s DePIN category features over 140 different DePIN projects but includes Layer 1 blockchains like Internet Computer (ICP). DePinScan, a research tool operated by IoTeX, lists 262 DePin cryptocurrency projects. Other resources, like EV3’s depin.ninja platform, suggests over 300 DePIN protocols are being built on Ethereum alone.

With such ambiguity surrounding what defines a DePIN network, how can we track the manner in which DePINs are actually being deployed and used?

Physical Infrastructure. Among hundreds of supposed DePIN projects, which protocols can individuals see first-hand through real-world devices or Proof-of-Concept?

According to EV3, Solana-based projects dominate their competitors in terms of active node deployments, with projects like Helium, Hivemapper, and Natix each operating hundreds of thousands of devices.

Courtesy of its unmatched scalability and performance, the Solana network is a natural choice for businesses looking to deploy DePINs. In the current blockchain landscape, no other blockchain is adequately equipped to support the data transmission of hundreds of thousands of devices without suffering debilitating latency issues and gas spikes.

Additionally, Solana benefits from the widespread use of mobile devices. Solana Saga, the network’s Web 3 phone, sold out following a collaboration with BONK and the second iteration has been preordered over 140,000 times.

With the future of the internet expected to be driven by mobile-first usage, the Solana network is ideally placed to establish itself as the leading chain for DePIN protocols.

🚀 Bitcoin and zombie companies: a new financial dynamic

Since the approval of spot Bitcoin ETFs on the American market, a shock wave has spread in the ranks of traditional finance. Bitcoin, once considered an infrequent option, is now recognized as a "legitimate financial instrument". This transformation is largely anticipated by companies such as MicroStrategy, which holds 226,300 BTC (or $15 billion) and represents more than 1% of the total supply limited to 21 million units.

Michael Saylor, founder of MicroStrategy, positions himself as a Bitcoin guru. He even evokes "economic immortality" thanks to the holding of BTC. Other publicly traded companies, such as Metaplanet and Semler Scientific, are inspired by this aggressive Bitcoin purchase strategy to boost their shares.

Metaplanet, for example, now holds a portfolio of 245 BTC (or $16 .4 million). Since the announcement of this strategy last April, Metaplanet's share price has risen dramatically, increasing by 980%. Simon Gerovich, CEO of Metaplanet, says that Bitcoin is the supreme monetary asset and that the company aims to own as many as possible.

The arrival of Bitcoin cash ETFs opens up new opportunities for zombie companies in search of excess capital. The simple possession of Bitcoin seems to have the power to revive these companies in difficulty. With the prospect of a $52 million BTC by 2050, Bitcoin continues to attract attention and transform the traditional financial landscape.

Breaking new all-time highs in TVL every month this year, Solana LSTs (Liquid Staking Tokens) have established themselves as one of the fundamental pillars of the ecosystem.

Yet, despite its growing popularity and the wealth of benefits, only 6.4% of all staked SOL is liquid staked, suggesting plenty of Solana users still have some lingering questions about LSTs.

What is liquid staking on Solana? How do Solana LSTs work and why should Solana users consider leveraging LSTs to optimize their DeFi strategies?

With one of Solana's longest-standing protocols launching liquid staking services, there's never been a better time to refresh your knowledge.

What is Liquid Staking MEV?
MEV, or Maximum Extractable Value, is an umbrella term that covers a range of profit-generation strategies and arbitrage opportunities that occur within block production.

For example, by rearranging the order of transactions within a processing queue, MEV tools can profit from mismatched prices in liquidity pools across different DEXes. Some Liquid Staking providers, like Jito, eliminate MEV spam transactions and pass these rewards on to stakers, effectively boosting their staking rewards.

To date, Jito has captured over 31,000 SOL in MEV fees, sharing a percentage of these fees with over 100,000 active accounts who liquid stake their SOL tokens through the Jito protocol.

What are the Benefits of Liquid Staking?
Liquid staking has become a key component of Solana’s DeFi landscape, and for good reason. Here’s why:

1. Earn staking rewards without locking SOL - Solana LSTs make it possible to continue earning generous staking rewards, without losing immediate access to your staked assets.

2. Expanded liquidity and DeFi strategies - Users can leverage their LSTs to capitalize on DeFi yield generation strategies, while still earning staking rewards.

3. Contribute to Solana’s security and decentralization - By liquid staking SOL tokens, users help to further decentralize and secure the Solana network by delegating SOL across a variety of validators.

What are the risks of liquid Staking?
While there are plenty of reasons to use liquid staking on Solana, it’s not without its flaws. Some of the risks associated with Solana LSTs include:

Smart contract risk - LST protocols rely on smart contracts to operate. If any of these contracts is exploited by a malicious actor, stakers could be a
risk of losing their funds.

LST price depeg - Despite typically maintaining their pegged value, LST tokens on other blockchains have fallen victim to temporary price depegs in the past. This could be problematic during black swan events or periods of market turmoil.

Where Can I Liquid Stake my SOL Tokens?
Now that you’ve got a better understanding of how liquid staking on Solana works, let’s recap some of the most reliable and trustworthy liquid staking providers in the market

ANNOUNCING STEPSOL - POWERED BY STEP FINANCE & SANCTUM

STEPSOL
Entering Solana's flourishing LST landscape for the first time, Step Finance is one of the oldest Solana applications in the ecosystem. Doubling as an intuitive portfolio dashboard and a comprehensive DeFi and NFT analytics platform, Step recently expanded its extensive product offering to include its LST, stepSOL.

On top of earning generous APY, stepSOL holders are also eligible to earn additional STEP Reward Options, which are claimable every five days via the Step Finance dashboard. Stakers who've already delegated their SOL to the Step Validator can head to Sanctum's Stake Accounts page and convert their stake account to stepSOL.

What's more, Step Finance has partnered with Meteora and will be offering incentivized rewards through the following pools:
•STEP/stepSOL

•xSTEP/stepSOL

•stepSOL/edgeSOL

IP remains stuck in an outdated legal system that makes it difficult to license, monetize, & trade effectively

That's where StoryProtocol comes in -- a new blockchain that aims to transform IP into liquid, programmable, & ownable digital assets

A 101 Explainer👇

What is Story Network?

Story Network was created specifically for bringing IP onchain, making it easier to manage and monetize.

On Story Network, IP is represented as onchain assets called IP Assets, which are NFTs. These NFTs carry detailed metadata about the underlying IP and serve as its digital representations. They can be linked to existing NFTs, e.g. a CryptoPunk, or be issued to represent offchain items.

Each IP Asset is linked to an IP Account, a specialized smart contract that manages interactions and data related to the IP.

Also at the heart of Story Network is its Proof-of-Creativity (PoC) Protocol, which facilitates the creation and management of IP Assets, enabling use cases like permissionless licensing and automated royalty payments.

Another key pillar here is the Programmable IP License (PIL), a legal framework that bridges the onchain world with traditional legal systems, ensuring that the digital representation of IP on Story Network is enforceable in the real world.

How is Story Network designed?

Story Network is a Layer 1 (L1) blockchain optimized for handling complex IP data structures efficiently that leans on elements from both the ethereum Virtual Machine (EVM) and the cosmos
SDK.

Notably, Story Network is EVM-equivalent, meaning it supports the same code execution environment as Ethereum. This compatibility allows developers to port existing applications and smart contracts written in Ethereum's popular Solidity programming language to Story Network with minimal or no changes.

Why tokenize IP on Story Network?

Tokenizing IP on Story Network offers several notable benefits:

🌊 Liquidity — IP can be traded or used as collateral, creating new financial opportunities.

🧱 Programmability — Automated actions like royalty payments can be embedded within IP NFTs, simplifying management.

🔍 Transparency — The underlying blockchain provides a clear and immutable record of IP ownership and transactions.

These are compelling pillars for content creators, but what will the actual use cases look like?

For instance, artists, musicians, writers, and beyond can register their IP as NFTs on Story Network, set licensing terms, and automate royalty payments. This makes it easier to control and monetize their work.

For developers, they can build applications that leverage tokenized IP. Think things like AI model marketplaces, content remixing platforms, and DeFi apps that use IP NFTs as collateral.

Two of the earliest app examples in the Story ecosystem are Magma and Mahojin. The former is a collaborative design tool that uses Story Network to manage and monetize creative works via NFTs, while the latter is a platform for AI training data and models.

Zooming out

How might making IP programmable and liquid influence the interaction between creators and consumers? Will tokenizing and trading IP democratize access to creative works? And how effectively can the PIL system adapt to diverse global legal landscapes, especially as AI-generated content becomes more prevalent?

The answers to these questions remain to be seen, but Story Network is diving in here in unprecedented fashion and looking to revolutionize the future of digital IP through the cryptoeconomy. As the chain evolves and gains traction, its bull case is its potential to redefine IP management to be better in line with the content challenges of the 21st century.

Can Story win out, then? We'll see, but this innovative reach into a new terrain is exciting nonetheless!

By WPeaster

PREMIERE:

Diversify your citizenship now!

Given the current global landscape, is it a good idea to diversify your citizenship?

Andrew Henderson is an entrepreneur, a global citizen of nearly a dozen countries around the world, & founder nomadcapitalist
, which helps people maximize their freedom by getting multiple citizenships & passports

Hear why considering a 2nd or 3rd citizenship might be beneficial, the most crypto-friendly jurisdictions, & what an exit tax entails

Jump in 👇

📉 The #cryptomonnaies market is suffering, after the chaos brought by #Bitcoin  

The $XRP did not escape the decline and recorded a decline of 50% since the peak in March.

It will be necessary to stay beyond the support at.42. If buyers defend the support, a return to the bearish institutional bias (EMA 9/EMA 18) around.53 is possible.

On the other hand, a loss of support could send the XRP to the next support at.32.

For those hoping for a new ath for XRP, I wish you the best of luck.

Andrew Tate explains the truth about the rat race and what it takes to escape.

Do you actually want to escape The Matrix?

Daily Memecoin Recap - June 24

DexScreener launches "moonshot", a competitor to pumpfun

First Coins On Moonshot
$first -> hit $5 .2m, first coin to finalize on moonshot
$mc -> hit $1 .8m, "Moon Cat"
$stan -> hit $1 .3m, first cat to finalize on moonshot
$mutt -> hit $969k , first dog on moonshot, second coin to finalize
$herbo -> hit $545k , "first celebrity coin on moonshot", based on gherbo
- The first 2 coins that bonded $first & $mutt had really bad LP's, but the following coins were fine
- Whenever something new launches, people look for the "first" of everything. Be on the lookout for these, that's where all the attention is

Moonshot Launches
$launch -> hit $788k , "Launch Party"
$matrix -> hit $727k , relaunch by the same team of a previous $matrix coin that ran to $4 .3m. "Escape the matrix"
$eagle -> hit $662k , based on dexscreener's logo
$pepe -> hit $627k , pepe on moonshot
$laika -> hit $577k , dog coin
$moon -> hit $456k , based on moonshot from dexscreener

Water Launch
$water -> hit $1b , hyped pre-sale launch

WikiLeaks founder Julian Assange strikes a plea deal
$assange -> hit $913k

Influencer Coins
$jason -> $1 .6m to $13 .3m (8.3x), jasonderulo continues to push
$bobbi -> hit $852k , Sahil posts a screenshot where Bobbi Althoff posts a CA on her ig story
$king -> hit $540k , Sahil hints at an adinross token

More Cooks
$peanie -> $1m to $2 .34m (2.34x), penguin meme
$bag -> $575k to $1 .7m (2.95x), "Ikea Bag"
$korg -> hit $2m , based on elonmusk's tweet, CTO
$micu -> hit $900k , cat meme
$jack -> hit $500k , dog meme

Keep an eye on high mc, major memes ( $boden , $tremp , $michi , etc.) that are looking to make a reversal

Buy when others are fearful, sell when others are greedy

Is OP_CAT the missing piece for BTC L2s?

This opcode has everyone talking; what does it do?

A beginner's guide 👇

Bitcoin L2s are the talk of the town, but not much of their promise has been realized yet.

What are Bitcoin's builders waiting for?

One significant proposal could help mature the Bitcoin L2 landscape: the reintroduction of OP_CAT. This opcode, which was disabled early in Bitcoin's history, could unlock new capabilities and pave the way for more sophisticated and trustless Bitcoin L2 solutions.

Let's dig into why this opcode could be so transformative for BTC 👇

What is OP_CAT?
Okay, so why is this seemingly random opcode so controversial? OP_CAT, or "Operation Concatenate" is an opcode in Bitcoin's scripting language that allows for the concatenation of two data elements.

Initially proposed by Satoshi Nakamoto, OP_CAT was disabled in 2010 due to security concerns related to its original implementation, specifically potential denial-of-service (DoS) attacks caused by unbounded memory usage.

The introduction of the Taproot upgrade in 2021 has mitigated these original concerns. Taproot enforces a maximum stack element size of 520 bytes, addressing the memory usage issue that led to OP_CAT's deactivation. With this security improvement and resurgent Bitcoin development interest, thanks to Ordinals and Runes, a movement to reintroduce OP_CAT to enhance Bitcoin's scripting capabilities is gaining steam, aiming to put more complex transaction capabilities in reach.

Are Covenants and Smart Contracts Different?
One reason why OP_CAT is so compelling is because it can actualize covenants, i.e. spending conditions, on Bitcoin. Covenants and smart contracts are both mechanisms for controlling the flow of funds in a blockchain network, but they operate in distinct ways.

Covenants:
Purpose: Restrict how funds can be spent in future transactions.
Functionality: Implement specific spending constraints, such as limiting addresses or setting conditions on fund transfers.
Complexity: Generally involves simpler, deterministic logic without loops or complex computations.
Implementation: Can be implemented using Bitcoin Script with enhancements like OP_CAT.

Smart Contracts:
Purpose: Automate a wide range of processes and transactions.
Functionality: Handle complex tasks such as decentralized exchanges, token issuance, and multi-party agreements.
Complexity: Support complex conditional logic, including loops and intricate computations.
Implementation: Commonly implemented on platforms like Ethereum using high-level programming languages.

Why Does OP_CAT Matter for Bitcoin L2s?
OP_CAT would prove crucial for advancing Bitcoin L2 solutions because it enhances the scripting capabilities needed for more complex and trustless Bitcoin infra. First, OP_CAT allows for covenants, enabling the construction of more complex scripts. This is essential for creating advanced transaction conditions and functionalities required for L2 solutions.

Additionally, if OP_CAT is activated, projects like StarkWareLtdare on standby to develop atop it. StarkWare has plans to leverage OP_CAT for bringing zero-knowledge (ZK) scaling to #Bitcoin to enable advanced financial instruments and apps on the network. StarkWare’s involvement here underscores the broader ecosystem's readiness to capitalize on the enhanced capabilities that OP_CAT would introduce.

As such, as the community continues to explore and test the possibilities around this proposal, the future of Bitcoin L2s looks promising and ripe with potential. At this point, reactivating OP_CAT seems like a matter of when not if!

Written by
WPeaster

ESCAPETHEMATRIX the dev is famous youtuber from Romania with 3.5mln subs on youtube, He is going to Tate house in approx 2 hours.