42 mins. ago
BullVerse Meme of the day.
Celeb Token Launch Summarized
Phase 1:
Sahil --> Phantom Wallet --> No Roadmap --> Crypto Twitter --> Buying SOL --> Tweet #Solana --> Tease a launch.
Phase 2:
Pump dot fun --> "We are live, CA:" --> Raydium>Orca --> Ansem
Phase 3:
Bubblemaps --> ZachXBT --> Dev Wallet --> Exit Liquidity.
Next.
#BullVerse #MemeOfTheDay
Celeb Token Launch Summarized
Phase 1:
Sahil --> Phantom Wallet --> No Roadmap --> Crypto Twitter --> Buying SOL --> Tweet #Solana --> Tease a launch.
Phase 2:
Pump dot fun --> "We are live, CA:" --> Raydium>Orca --> Ansem
Phase 3:
Bubblemaps --> ZachXBT --> Dev Wallet --> Exit Liquidity.
Next.
#BullVerse #MemeOfTheDay
13 hours ago
Grass Network the data layer of AI on solana has open-sourced 600 million top Reddit posts and comments from 2024. This release aims to make AI training more accessible for developers.
14 hours ago
Daily Memecoin Recap - July 3
Majors are struggling, most coins are topping before $200k
When $btc (& $sol ) moon, we'll get more runners
America's Independence Day Tomorrow - 4th of July
$sam -> hit $1 .6m, CTO
$awif -> hit $620k , American $wif
Redacted Politicians
$kama -> $6 .9m to $22m (3.18x), redacted KamalaHarris, good team
$bernie -> $520k to $2 .84m (5.46x), redacted BernieSanders
Khamzat Posts CA
$smash -> hit $15m ,
- The coin has been out for over 24h
- People were already expecting that it would be this
- When he posted the CA, price wicked to $15m +, but immediately dumped back down
- There was not much hype since the coin was already out = no speculation
Sage Launch
$sage -> hit $51m , liquidity was pulled
- There were a couple other fake coins that ran to $500k +
- CryptoSage26 never actually posted a CA
- Some threads are coming out saying that this was intended to be the real coin, but they decided to pull liquidity when things didn't go as planned
Walter Deal
$walter -> $2 .2m to $8 .7m (3.95x)
- Agreement announced between Walter's owner PupperNelson & WalterDogSolana
Mao Wants More
$mao -> $2 .4m to $9 .5m (3.95x), CTO
Dog Memes
$billy -> $80m to $140m (1.75x), overtakes $michi in market cap, Ansem rumored to have bought multiple 6 figs
$lulo -> hit $1 .9m, CTO
$bull -> hit $900k , CTO
$winny -> hit $600k , same dev as $subo , which hit $8m
$barny -> hit $500k , CTO
$inu -> hit $500k
Other Cooks
$dragon -> hit $13 .9m, heavily bundled
$bbq -> hit $460k
Only risk what you're comfortable losing
Market conditions are poor = more rugs = tighten your risk measure
Majors are struggling, most coins are topping before $200k
When $btc (& $sol ) moon, we'll get more runners
America's Independence Day Tomorrow - 4th of July
$sam -> hit $1 .6m, CTO
$awif -> hit $620k , American $wif
Redacted Politicians
$kama -> $6 .9m to $22m (3.18x), redacted KamalaHarris, good team
$bernie -> $520k to $2 .84m (5.46x), redacted BernieSanders
Khamzat Posts CA
$smash -> hit $15m ,
- The coin has been out for over 24h
- People were already expecting that it would be this
- When he posted the CA, price wicked to $15m +, but immediately dumped back down
- There was not much hype since the coin was already out = no speculation
Sage Launch
$sage -> hit $51m , liquidity was pulled
- There were a couple other fake coins that ran to $500k +
- CryptoSage26 never actually posted a CA
- Some threads are coming out saying that this was intended to be the real coin, but they decided to pull liquidity when things didn't go as planned
Walter Deal
$walter -> $2 .2m to $8 .7m (3.95x)
- Agreement announced between Walter's owner PupperNelson & WalterDogSolana
Mao Wants More
$mao -> $2 .4m to $9 .5m (3.95x), CTO
Dog Memes
$billy -> $80m to $140m (1.75x), overtakes $michi in market cap, Ansem rumored to have bought multiple 6 figs
$lulo -> hit $1 .9m, CTO
$bull -> hit $900k , CTO
$winny -> hit $600k , same dev as $subo , which hit $8m
$barny -> hit $500k , CTO
$inu -> hit $500k
Other Cooks
$dragon -> hit $13 .9m, heavily bundled
$bbq -> hit $460k
Only risk what you're comfortable losing
Market conditions are poor = more rugs = tighten your risk measure
22 hours ago
ORIGIN TRAIL
OriginTrail is an ecosystem that was originally designed with the aim of bringing blockchain technology into supply chain logistics and optimizing the management of data related to real assets in the digital space.
Launched in 2017 by 3 co-founders, OriginTrail offers a reliable platform for product sharing, authentication and tracking. Since then, the platform has evolved well and now integrates AI into its process. The idea is to create an ecosystem where autonomous AI agents make it possible to optimize data analysis to identify and solve logistical problems.
How does OriginTrail work?
At the heart of OriginTrail is the Decentralized Knowledge Graph (DKG), a vast interconnected network that allows unprecedented traceability, from the origin of a product to its final destination.
Unlike other blockchain solutions such as VeChain, OriginTrail's DKG offers unique multi-chain interoperability, allowing the smooth integration of data from different blockchains and even traditional systems.
When a manufacturer adds information about a product, it is distributed and stored securely on several nodes in the network, ensuring their integrity and availability.
The integration of artificial intelligence by OriginTrail also plays a crucial role in the analysis of this data. AI can quickly identify trends, detect anomalies and even predict potential problems in the supply chain.
OriginTrail also develops specialized "AI agents", designed to interact autonomously with the DKG, performing complex tasks such as regulatory compliance verification or logistics optimization.
Finally, the other key aspect of the system is confidentiality and data control. Companies using OriginTrail have precise control over their information, deciding which data to share publicly and which to keep private.
OriginTrail is an ecosystem that was originally designed with the aim of bringing blockchain technology into supply chain logistics and optimizing the management of data related to real assets in the digital space.
Launched in 2017 by 3 co-founders, OriginTrail offers a reliable platform for product sharing, authentication and tracking. Since then, the platform has evolved well and now integrates AI into its process. The idea is to create an ecosystem where autonomous AI agents make it possible to optimize data analysis to identify and solve logistical problems.
How does OriginTrail work?
At the heart of OriginTrail is the Decentralized Knowledge Graph (DKG), a vast interconnected network that allows unprecedented traceability, from the origin of a product to its final destination.
Unlike other blockchain solutions such as VeChain, OriginTrail's DKG offers unique multi-chain interoperability, allowing the smooth integration of data from different blockchains and even traditional systems.
When a manufacturer adds information about a product, it is distributed and stored securely on several nodes in the network, ensuring their integrity and availability.
The integration of artificial intelligence by OriginTrail also plays a crucial role in the analysis of this data. AI can quickly identify trends, detect anomalies and even predict potential problems in the supply chain.
OriginTrail also develops specialized "AI agents", designed to interact autonomously with the DKG, performing complex tasks such as regulatory compliance verification or logistics optimization.
Finally, the other key aspect of the system is confidentiality and data control. Companies using OriginTrail have precise control over their information, deciding which data to share publicly and which to keep private.
22 hours ago
Marginfi, a (DeFi) platform on Solana, has announced the upcoming launch of MarginSwap, a new feature enabling permissionless margin trading on any token pair.
This development comes as Solana's meme coin ecosystem continues to flourish, with over 120,000 new tokens created on the blockchain in the last week alone.
This development comes as Solana's meme coin ecosystem continues to flourish, with over 120,000 new tokens created on the blockchain in the last week alone.
22 hours ago
. Uniswap Wallet integrates Transak to facilitate fiat-crypto conversions :
Uniswap partners with Transak to integrate fiat-crypto conversion services into Uniswap Wallet. Users will be able to buy cryptos directly with fiat currencies via Apple Pay, Google Pay, credit cards.
. The Bahamas wants to force local banks to integrate their CBDC :
The Bahamas is preparing legislation requiring banks to support their CBDC, the "Sand Dollar". According to the governor of the central bank, banks will have to offer access to this digital currency to their customers within two years.
. Cometh and Worldcoin collaborate to facilitate account abstraction :
The French startup Cometh has received a grant from the Worldcoin Foundation to develop a mobile library integrating access keys, ERC-4337, and Safe smart accounts in World Chain wallets.
. Bitfarms increases its production capacity :
In June, Bitfarms increased its Bitcoin production by 21%, reaching 189 BTC, despite a decrease of 51% compared to June 2023 due to the last halving. The company sold 134 BTC for $8 .8 million and now holds 905 BTC.
Uniswap partners with Transak to integrate fiat-crypto conversion services into Uniswap Wallet. Users will be able to buy cryptos directly with fiat currencies via Apple Pay, Google Pay, credit cards.
. The Bahamas wants to force local banks to integrate their CBDC :
The Bahamas is preparing legislation requiring banks to support their CBDC, the "Sand Dollar". According to the governor of the central bank, banks will have to offer access to this digital currency to their customers within two years.
. Cometh and Worldcoin collaborate to facilitate account abstraction :
The French startup Cometh has received a grant from the Worldcoin Foundation to develop a mobile library integrating access keys, ERC-4337, and Safe smart accounts in World Chain wallets.
. Bitfarms increases its production capacity :
In June, Bitfarms increased its Bitcoin production by 21%, reaching 189 BTC, despite a decrease of 51% compared to June 2023 due to the last halving. The company sold 134 BTC for $8 .8 million and now holds 905 BTC.
23 hours ago
Compute Labs, the developer of a Solana-based GPU tokenization protocol, has raised $3 million in a pre-seed funding round.
Protocol Labs, the company behind the decentralized file storage network Filecoin, led the funding round.
Other investors includes;
Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group and P2 Ventures.
They were also Angel investors, including Sandeep Nailwal of Polygon, Illia Polosukhin of NEAR Protocol and Austin Federa of Solana Foundation.
Compute Labs began raising funds for the pre-seed round in March when it was founded and closed the round in April. The round was structured as a simple agreement for future tokens (SAFT) but it brought Compute Labs' fully diluted token valuation to $30 million.
What is Compute Labs?
Compute Labs is building a real-world asset (RWA) tokenization protocol focused on compute as its underlying asset. Compute refers to the processing power of CPUs and GPUs, essential for tasks such as data processing and running software.
Protocol Labs, the company behind the decentralized file storage network Filecoin, led the funding round.
Other investors includes;
Blockchain Coinvestors, OKX Ventures, CMS Holdings, HashKey Capital, Amber Group and P2 Ventures.
They were also Angel investors, including Sandeep Nailwal of Polygon, Illia Polosukhin of NEAR Protocol and Austin Federa of Solana Foundation.
Compute Labs began raising funds for the pre-seed round in March when it was founded and closed the round in April. The round was structured as a simple agreement for future tokens (SAFT) but it brought Compute Labs' fully diluted token valuation to $30 million.
What is Compute Labs?
Compute Labs is building a real-world asset (RWA) tokenization protocol focused on compute as its underlying asset. Compute refers to the processing power of CPUs and GPUs, essential for tasks such as data processing and running software.
24 hours ago
It's been just a little over 1,5 month since BullVerse token launch, but it feels like this platform has been there for us for years.
Honestly I fell in love with it since day one. There was no day in which developers weren't actively working on their child. This attitude is really hard to find in people nowadays.
With confidance I can tell you that green candle is about to appear. Bullpad is right behind the corner and would be a real danger for pump.fun.
I am securing even more Bull tokens to my wallet - it is not financial advice 😂
Who is paying attantion?
Honestly I fell in love with it since day one. There was no day in which developers weren't actively working on their child. This attitude is really hard to find in people nowadays.
With confidance I can tell you that green candle is about to appear. Bullpad is right behind the corner and would be a real danger for pump.fun.
I am securing even more Bull tokens to my wallet - it is not financial advice 😂
Who is paying attantion?
24 hours ago
What is magicblock?
It's a taste of what's to come in the Solana gaming scene 🎮
A beginner's guide to the Onchain Game Engine 👇
Onchain game engines make it easier to build games with no external dependencies beyond their underlying blockchain.
To me, this is one of the most exciting areas of development in crypto today, and that’s why my curiosity was piqued when I recently came across MagicBlock Engine.
MagicBlock is a game engine that’s innovated an Ephemeral Rollups architecture for powering flexible and performant onchain games on Solana.
I think MagicBlock is an interesting look into what's to come in the Solana gaming scene, so let’s catch you up on all the basics.
What Is MagicBlock?
MagicBlock is a gaming framework built on top of Solana, designed to facilitate the development of fully onchain games and apps.
Recently, MagicBlock Engine showcased its capabilities at an a16zcrypto Demo Day event.
The demo featured a real-time, fully onchain game deployed entirely on Solana, and two clients played the game simultaneously with no lag thanks to the MagicBlock’s ability to delegate accounts into fast Solana validators.
What Are Ephemeral Rollups?
MagicBlock extends Solana's capabilities by introducing Ephemeral Rollups (ERs), which are designed to efficiently facilitate state transitions without fragmenting a game’s state.
MagicBlock’s Other Main Features
⚡️ BOLT — A framework that uses the Entity Component System (ECS) pattern to streamline the development of onchain games. It allows developers to quickly create modular, reusable, and extendable game components and logic.
🪪 SOAR — SOAR stands for Solana Onchain Achievement & Ranking. This reputation system lets developers readily define achievements based on onchain activities, track and display user rankings, and deploy rewards.
🔑 Session keys — MagicBlock recently helped add support for session keys in the Solana Unity SDK, making it easier for its game devs to eliminate the need for repeated wallet popups during frequent in-game interactions in a secure fashion.
MagicBlock’s angle is to bypass these fragmentation issues by keeping assets on mainnet Solana, thus maintaining the possibility for atomic composability, while still achieving scalability with ERs. This way you get high throughput, customizable runtimes, and the ability for games and apps to seamlessly interact without needing interoperability solutions.
What to Watch Going Forward?
1. MagicBlock is new and still rearing up. Which onchain game will be the first to officially use this engine?
2. The recent MagicBlock demo achieved 50ms latency, which is competitive with modern gaming standards. Can we expect further optimizations that bring this latency even lower for even better real-time gameplay?
3. Earlier this year, Parallel announced its AI game Colony would be based on Solana. Could the Parallel team adopt MagicBlock Engine to meet its infrastructure needs here?
4. With MagicBlock maintaining assets on the Solana mainnet, developers have the potential for atomic composability. What use cases will emerge from this capability?
5. Onchain games benefit greatly from user-generated content (UGC) and user-generated logic (UGL). Will the SOAR system be used to incentivize these sorts of creations?
The Bottom Line
While MagicBlock is still in its early stages, its potential to catalyze Solana’s fully onchain gaming scene seems considerable, as its Ephemeral Rollups architecture can help it bypass key challenges faced by other gaming engines while still ensuring high performance. Looking ahead, be sure to stay updated on the team’s progress by following them on Twitter— they’re ones to watch in my opinion!
Written by WPeaster
It's a taste of what's to come in the Solana gaming scene 🎮
A beginner's guide to the Onchain Game Engine 👇
Onchain game engines make it easier to build games with no external dependencies beyond their underlying blockchain.
To me, this is one of the most exciting areas of development in crypto today, and that’s why my curiosity was piqued when I recently came across MagicBlock Engine.
MagicBlock is a game engine that’s innovated an Ephemeral Rollups architecture for powering flexible and performant onchain games on Solana.
I think MagicBlock is an interesting look into what's to come in the Solana gaming scene, so let’s catch you up on all the basics.
What Is MagicBlock?
MagicBlock is a gaming framework built on top of Solana, designed to facilitate the development of fully onchain games and apps.
Recently, MagicBlock Engine showcased its capabilities at an a16zcrypto Demo Day event.
The demo featured a real-time, fully onchain game deployed entirely on Solana, and two clients played the game simultaneously with no lag thanks to the MagicBlock’s ability to delegate accounts into fast Solana validators.
What Are Ephemeral Rollups?
MagicBlock extends Solana's capabilities by introducing Ephemeral Rollups (ERs), which are designed to efficiently facilitate state transitions without fragmenting a game’s state.
MagicBlock’s Other Main Features
⚡️ BOLT — A framework that uses the Entity Component System (ECS) pattern to streamline the development of onchain games. It allows developers to quickly create modular, reusable, and extendable game components and logic.
🪪 SOAR — SOAR stands for Solana Onchain Achievement & Ranking. This reputation system lets developers readily define achievements based on onchain activities, track and display user rankings, and deploy rewards.
🔑 Session keys — MagicBlock recently helped add support for session keys in the Solana Unity SDK, making it easier for its game devs to eliminate the need for repeated wallet popups during frequent in-game interactions in a secure fashion.
MagicBlock’s angle is to bypass these fragmentation issues by keeping assets on mainnet Solana, thus maintaining the possibility for atomic composability, while still achieving scalability with ERs. This way you get high throughput, customizable runtimes, and the ability for games and apps to seamlessly interact without needing interoperability solutions.
What to Watch Going Forward?
1. MagicBlock is new and still rearing up. Which onchain game will be the first to officially use this engine?
2. The recent MagicBlock demo achieved 50ms latency, which is competitive with modern gaming standards. Can we expect further optimizations that bring this latency even lower for even better real-time gameplay?
3. Earlier this year, Parallel announced its AI game Colony would be based on Solana. Could the Parallel team adopt MagicBlock Engine to meet its infrastructure needs here?
4. With MagicBlock maintaining assets on the Solana mainnet, developers have the potential for atomic composability. What use cases will emerge from this capability?
5. Onchain games benefit greatly from user-generated content (UGC) and user-generated logic (UGL). Will the SOAR system be used to incentivize these sorts of creations?
The Bottom Line
While MagicBlock is still in its early stages, its potential to catalyze Solana’s fully onchain gaming scene seems considerable, as its Ephemeral Rollups architecture can help it bypass key challenges faced by other gaming engines while still ensuring high performance. Looking ahead, be sure to stay updated on the team’s progress by following them on Twitter— they’re ones to watch in my opinion!
Written by WPeaster
2 days ago
❌️ Bittensor shuts down its network after a security attack.
Reports of an unusual attack on Bittensor wallets have emerged in recent hours, leading to a deliberate shutdown of the network by core developers.
ZachXBT:
“Bittensor was disrupted due to additional flights earlier today, potentially due to a private key leak.”
According to him, 8 million dollars of $TAO were stolen.
https://www.theblock.co/po...
Reports of an unusual attack on Bittensor wallets have emerged in recent hours, leading to a deliberate shutdown of the network by core developers.
ZachXBT:
“Bittensor was disrupted due to additional flights earlier today, potentially due to a private key leak.”
According to him, 8 million dollars of $TAO were stolen.
https://www.theblock.co/po...
2 days ago
GOOD NEWS!!!!!!!!
Solana's Devnet is now back online after it was successfully restarted and undergone patch integration by engineering teams.
This is following the three days of downtime due to a technical issue.
Solana's Devnet is now back online after it was successfully restarted and undergone patch integration by engineering teams.
This is following the three days of downtime due to a technical issue.
3 days ago
The people making the most money on Solana are the devs
Not the meme coin creators who call themselves "dev"
But the actual devs in the trenches everyday fighting bugs and syntax errors
Not the meme coin creators who call themselves "dev"
But the actual devs in the trenches everyday fighting bugs and syntax errors
6 days ago
What is 0xMantle cooking up? 👀
Join us Monday as we explore the Mantle ecosystem's latest developments
Set a reminder 🔔👇
Join us Monday as we explore the Mantle ecosystem's latest developments
Set a reminder 🔔👇
6 days ago
Daily Memecoin Recap - June 27
The market is still struggling to find a concrete meta
In this market, the key is to adapt & be versatile
Trump vs Biden Debate
$usa -> $16 .6m to $43m (2.6x from the low)
$usacto -> hit $3m , "America CTO"
$bboden -> hit $583k , POTUS as a redacted baby
$joever -> hit $550k , "It's Joever"
$sloe -> hit $450k , "Sloppy Joe"
Gavin Newsom Replacing Joe Biden
$noosum -> $1 .1m to $9 .2m (8.36x), redacted Newsom
$newsum -> $440k to $3 .4m (7.7x), another redacted Newsom
$newsom -> $91k to $2 .3m (25.5x)
- After Joe Biden's poor performance, people are saying that democrats should replace him with GavinNewsom
Viral Meme "Daddy Chill" Launch
$chill -> hit $4 .75m,
Amber Rose Launch
$muva -> hit $8 .3m,
Kimi Reaches $300m +
$kimi -> hit $330m , heavily bundled, launched on pumpdotfun
$kimi -> hit $1m , "KIMI-burn"
Cat Memes
$sc -> $3 .5m to $9 .9m (2.82x), "Star Cat", strong CTO
$bobby -> $1 .4m to $6 .6m (4.71x), CTO
$tiny -> hit $1 .7m, dev is doxxed, using his own cat
Dog Memes
$spot -> hit $1 .8m, 180+ people in vc
$bullseye -> hit $470k , "Target Dog", CTO
Long-Term Cooks
$popcat -> $220m to $625m (2.84x from the low)
$ponke -> $131m to $232 .9m (1.77x from the low)
$michi -> $44m to $155m (3.52x from the low)
More Plays
$aura -> $4 .9m to $11m (2.24x), good team
$spike -> $595k to $1 .8m (3x), another $spike launched which seemed like a honeypot, people bought into the OG spike for a bounce
$moonwif -> $120k to $420k (3.5x), launched on dexscreener's moonshot
$otty -> hit $1 .8m, Otter Meme, CTO
CTO's are a meta in & of itself.
Most of these CTO coins would not have pumped as much if the dev never sold
The market is still struggling to find a concrete meta
In this market, the key is to adapt & be versatile
Trump vs Biden Debate
$usa -> $16 .6m to $43m (2.6x from the low)
$usacto -> hit $3m , "America CTO"
$bboden -> hit $583k , POTUS as a redacted baby
$joever -> hit $550k , "It's Joever"
$sloe -> hit $450k , "Sloppy Joe"
Gavin Newsom Replacing Joe Biden
$noosum -> $1 .1m to $9 .2m (8.36x), redacted Newsom
$newsum -> $440k to $3 .4m (7.7x), another redacted Newsom
$newsom -> $91k to $2 .3m (25.5x)
- After Joe Biden's poor performance, people are saying that democrats should replace him with GavinNewsom
Viral Meme "Daddy Chill" Launch
$chill -> hit $4 .75m,
Amber Rose Launch
$muva -> hit $8 .3m,
Kimi Reaches $300m +
$kimi -> hit $330m , heavily bundled, launched on pumpdotfun
$kimi -> hit $1m , "KIMI-burn"
Cat Memes
$sc -> $3 .5m to $9 .9m (2.82x), "Star Cat", strong CTO
$bobby -> $1 .4m to $6 .6m (4.71x), CTO
$tiny -> hit $1 .7m, dev is doxxed, using his own cat
Dog Memes
$spot -> hit $1 .8m, 180+ people in vc
$bullseye -> hit $470k , "Target Dog", CTO
Long-Term Cooks
$popcat -> $220m to $625m (2.84x from the low)
$ponke -> $131m to $232 .9m (1.77x from the low)
$michi -> $44m to $155m (3.52x from the low)
More Plays
$aura -> $4 .9m to $11m (2.24x), good team
$spike -> $595k to $1 .8m (3x), another $spike launched which seemed like a honeypot, people bought into the OG spike for a bounce
$moonwif -> $120k to $420k (3.5x), launched on dexscreener's moonshot
$otty -> hit $1 .8m, Otter Meme, CTO
CTO's are a meta in & of itself.
Most of these CTO coins would not have pumped as much if the dev never sold
7 days ago
Crypto in 2024: Mid-Year Reflections
4 takeaways 👇
Crypto moves fast – like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, we’ll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. 👇
1️⃣ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didn’t stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2️⃣ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3️⃣ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solana’s innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solana’s network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4️⃣ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
💭 Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
4 takeaways 👇
Crypto moves fast – like blink-and-you-missed-it fast.
The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.
Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.
TL;DR Crypto is just getting started; don't get shaken out.
Today, we’ll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. 👇
1️⃣ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.
In the first half of 2024, crypto broke through to the mainstream with a vengeance.
The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.
And it didn’t stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.
2️⃣ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.
Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.
The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.
3️⃣ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.
This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.
Moreover, Solana’s innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solana’s network effects are taking root in real time.
Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.
4️⃣ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.
The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.
💭 Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.
The bull market must go
9 days ago
Daily Memecoin Recap - June 25
Volume rotates back into memes as $sol pumps
First PumpFun coin to $1b +
$dorae -> hit $2b
$dorami -> hit $1m , "Doraemon's little sister"
- Many are very confused where this came from
- Extremely bundled (98% of supply bought by the dev)
- Less than 1000 holders
- Weird market cap vs liquidity ratio
Influencer Coins
$jason -> $5 .4m to $17 .9m (3.31x),
jasonderulo makes content promoting his new token
$lilpump -> $1 .1m to $3 .14m (2.85x)
$metal -> hit $2 .8m, Metallica got hacked, the hacker was posting a bunch of tweets promoting $metal . These have now been deleted
$mini -> hit $1 .7m, NSFW airikaca launch
$amber -> hit $530k ,
DaRealAmberRose hints at a launch (she has not officially launched yet), Sahil (notorious scammer) launches his own
$purpp -> hit $500k , smokepurpp launch
First Movers on Moonshot
$first -> $1 .73m to $8 .7m (5.02x), first coin on
dexscreener's moonshot $mc -> hit $7 .4m, MoonCat, "first meme cat launched on moonshot"
$md -> hit $998k , "MoonDog", CTO
$vivook -> hit $3 .9m, redacted VivekGRamaswamy
, new speculation arises that Vivek might become realDonaldTrump VP $truth -> hit $509k , Vivek's slogan
Animal Memes
$doogle -> $960k to $3 .61m (3.76x), good team
$bucky -> hit $8 .7m, rumors that it's the same team as $ponke
$sc -> hit $2m , "Star Cat", supported by MeteoraAG
$him -> hit $1 .7m, Asian + Cat meta, CTO
$chuck -> hit $478k , dog meme
More Cooks
$nobita -> hit $1 .3m, CTO
$sprite -> hit $630k , "McDonald's Sprite"
$caviar -> hit $491k , good team
$jar -> hit $425k , based on
aeyakovenko's tweet
It's clear that the memecoin space is highly dependent on majors
When majors pump, memecoin volume increases & vice versa
Volume rotates back into memes as $sol pumps
First PumpFun coin to $1b +
$dorae -> hit $2b
$dorami -> hit $1m , "Doraemon's little sister"
- Many are very confused where this came from
- Extremely bundled (98% of supply bought by the dev)
- Less than 1000 holders
- Weird market cap vs liquidity ratio
Influencer Coins
$jason -> $5 .4m to $17 .9m (3.31x),
jasonderulo makes content promoting his new token
$lilpump -> $1 .1m to $3 .14m (2.85x)
$metal -> hit $2 .8m, Metallica got hacked, the hacker was posting a bunch of tweets promoting $metal . These have now been deleted
$mini -> hit $1 .7m, NSFW airikaca launch
$amber -> hit $530k ,
DaRealAmberRose hints at a launch (she has not officially launched yet), Sahil (notorious scammer) launches his own
$purpp -> hit $500k , smokepurpp launch
First Movers on Moonshot
$first -> $1 .73m to $8 .7m (5.02x), first coin on
dexscreener's moonshot $mc -> hit $7 .4m, MoonCat, "first meme cat launched on moonshot"
$md -> hit $998k , "MoonDog", CTO
$vivook -> hit $3 .9m, redacted VivekGRamaswamy
, new speculation arises that Vivek might become realDonaldTrump VP $truth -> hit $509k , Vivek's slogan
Animal Memes
$doogle -> $960k to $3 .61m (3.76x), good team
$bucky -> hit $8 .7m, rumors that it's the same team as $ponke
$sc -> hit $2m , "Star Cat", supported by MeteoraAG
$him -> hit $1 .7m, Asian + Cat meta, CTO
$chuck -> hit $478k , dog meme
More Cooks
$nobita -> hit $1 .3m, CTO
$sprite -> hit $630k , "McDonald's Sprite"
$caviar -> hit $491k , good team
$jar -> hit $425k , based on
aeyakovenko's tweet
It's clear that the memecoin space is highly dependent on majors
When majors pump, memecoin volume increases & vice versa
9 days ago
Raj Gokal the co-founder of Solana has been encouraging devs and users aloke to make good use of the new "Blinks and Actions" Tech.
He wrote "Devs, if you’re focused on growth, start experimenting with this tech ASAP. Users, get ready to see your feed transformed".
He wrote "Devs, if you’re focused on growth, start experimenting with this tech ASAP. Users, get ready to see your feed transformed".
10 days ago
First Solana Summit saw over 1900 applicants from 55+ countries, with 70% being international attendees, including 50% founders and developers.
10 days ago
Our Very Own BullPad -
If you're still having doubts here, the constant growth should be evidence enough to what BullVerse is gonna be.
A Bullpad to launch Your Token for for the insane🤯 price $1 !!!
Plus your token getting launched on Raydium if bonding curve marks $20k MarketCap.
Check Out These Features:
- Access to an Optional MM/Volume Bot
- Pre-pay to update token info & listings
- Get Marketing packages to further boost your token.
Easiest way to launch your token as a dev
Best Chance to avoid getting into rug pulls as a user..
#BullishonBullverse
If you're still having doubts here, the constant growth should be evidence enough to what BullVerse is gonna be.
A Bullpad to launch Your Token for for the insane🤯 price $1 !!!
Plus your token getting launched on Raydium if bonding curve marks $20k MarketCap.
Check Out These Features:
- Access to an Optional MM/Volume Bot
- Pre-pay to update token info & listings
- Get Marketing packages to further boost your token.
Easiest way to launch your token as a dev
Best Chance to avoid getting into rug pulls as a user..
#BullishonBullverse
11 days ago
DID YOU KNOW
Solana uses PoH to IMPROVE their ecosystem??
Proof of History(PoH) is a unique consensus
algorithm developed by Solana to enhance
blockchain scalability and performance. It serves
as a cryptographic clock that verifies the passage
of time between events and transactions, which
then creates a historical record that proves events
occurred in a specific sequence.
This has reduced the need for traditional consensus protocols to verify timestamps, and significantly increased the network's efficiency.
Solana uses PoH to IMPROVE their ecosystem??
Proof of History(PoH) is a unique consensus
algorithm developed by Solana to enhance
blockchain scalability and performance. It serves
as a cryptographic clock that verifies the passage
of time between events and transactions, which
then creates a historical record that proves events
occurred in a specific sequence.
This has reduced the need for traditional consensus protocols to verify timestamps, and significantly increased the network's efficiency.
11 days ago
gm 🦊 amics,
Development on the Kitsune Webapp is well underway, this means:
- Likes will be recorded as R2E Stats again, bypassing the "private likes" on X.
- Follows and Bookmarks are now R2E Stats with their own weightings towards rewards.
- Raids can be done entirely in Telegram, you will not even have to open Twitter/X to participate in raids.
- Botting is made close to impossible.
Have a great week!
Development on the Kitsune Webapp is well underway, this means:
- Likes will be recorded as R2E Stats again, bypassing the "private likes" on X.
- Follows and Bookmarks are now R2E Stats with their own weightings towards rewards.
- Raids can be done entirely in Telegram, you will not even have to open Twitter/X to participate in raids.
- Botting is made close to impossible.
Have a great week!
11 days ago
The Solana Labs Incubator Demo Day is scheduled to take place on Zoom on June 26 at 16:30 UTC and will showcase the latest developments from teams within the Solana ecosystem.
12 days ago
Light Protocol is a cutting-edge blockchain technology on the Solana network that focuses on reducing costs and enhancing privacy. It recently introduced "ZK Compression," which uses zero-knowledge proofs (ZKPs) to reduce the cost of creating tokens and accounts by up to 99%, while maintaining security and performance.
Their latest development, Light v3, enables private program execution through Private Solana Programs (PSPs), which allows developers to build applications with built-in privacy features, such as private payments and encrypted order books. This technology supports full zkSNARK verification in a single transaction, improving transaction efficiency and privacy.
Light Protocol is open-source, encouraging community involvement in its development and expansion
Their latest development, Light v3, enables private program execution through Private Solana Programs (PSPs), which allows developers to build applications with built-in privacy features, such as private payments and encrypted order books. This technology supports full zkSNARK verification in a single transaction, improving transaction efficiency and privacy.
Light Protocol is open-source, encouraging community involvement in its development and expansion
13 days ago
Daily Memecoin Recap - June 21
Low volume as majors continue to decline
Lots of rugs, be safe
Utility Play
$meba -> hit $1 .5m, launched on
pumpdotfun working game
Wif Deployer Wallet CTO
$pinkguy -> $78k to $650k (8.33x), launched by the same dev as $wif
50 cent gets hacked, hacker posted a coin on his profile
$gunit -> hit $6 .5m, the hacker studied 50cent
, he was typing just like him
Cat Meta
$itty -> hit $3 .5m, CTO
$lola -> hit $1 .4m
$cutie -> hit $560k , good CTO team
Dog Meta
$zaza -> hit $2 .5m, "highest dog on solana", good CTO team
Normie Approved
$HawkTuah -> $1 .4m to $18m (12.9x), based on a viral video, KOLs backing this
Matt Furie Memes
$birddog -> $3m to $18m (6x), 3 month old CTO
$doogle -> $420k to $3 .9m (9.29x),
, good content
$landpepe -> hit $667k , $wolf + $pepe
Good Content
$slumbo -> hit $4 .5m
$steve -> hit $1 .7m, hyped launch with good art
$lean -> hit $1 .5m, lots of whales aped
$zeke -> hit $886k , rugged
More Cooks
$vespa -> hit $1 .1m, speculation that $sc team were CTO'ing this
$hard -> hit $980k , backed by big names
Remember to touch grass & enjoy your weekend!
Low volume as majors continue to decline
Lots of rugs, be safe
Utility Play
$meba -> hit $1 .5m, launched on
pumpdotfun working game
Wif Deployer Wallet CTO
$pinkguy -> $78k to $650k (8.33x), launched by the same dev as $wif
50 cent gets hacked, hacker posted a coin on his profile
$gunit -> hit $6 .5m, the hacker studied 50cent
, he was typing just like him
Cat Meta
$itty -> hit $3 .5m, CTO
$lola -> hit $1 .4m
$cutie -> hit $560k , good CTO team
Dog Meta
$zaza -> hit $2 .5m, "highest dog on solana", good CTO team
Normie Approved
$HawkTuah -> $1 .4m to $18m (12.9x), based on a viral video, KOLs backing this
Matt Furie Memes
$birddog -> $3m to $18m (6x), 3 month old CTO
$doogle -> $420k to $3 .9m (9.29x),
, good content
$landpepe -> hit $667k , $wolf + $pepe
Good Content
$slumbo -> hit $4 .5m
$steve -> hit $1 .7m, hyped launch with good art
$lean -> hit $1 .5m, lots of whales aped
$zeke -> hit $886k , rugged
More Cooks
$vespa -> hit $1 .1m, speculation that $sc team were CTO'ing this
$hard -> hit $980k , backed by big names
Remember to touch grass & enjoy your weekend!
13 days ago
Users are anticipating rewards coming from Solana devs after the co-founder of Solana Aeyakovenko encourages mobile devs on Solana to incentivize users to switch to Solana Mobile by offering them digital assets as incentives.
