7 hours ago
🚨 Sui Network to integrate native USDC to boost liquidity and attract more users to its network.
The effect is immediate on the $SUI which increases by +8% following the announcement.
The effect is immediate on the $SUI which increases by +8% following the announcement.
5 days ago
Daily Memecoin Recap - September 12
Decent volume today as $sol starts to pick up
$420k + In LP Rewards
$dev -> hit $16 .7m
- Launch by ChartFuMonkey
- He's taking a more transparent angle to the launch
- Promises to disclose all supply allocations to KOLs
- Over $400k in rewards have been distributed to the top 50 holders pre bond
Usher Gets Hacked
$usher -> hit $1 .9m
$usher -> hit $416k
-
Usher got sim swapped, a bunch of fake usher coins came out on pumpfun
Solana's Pepe
$lumi -> hit $1 .59m
$lumio -> hit $1 .41m
- Posted by solana
, good narrative
Murad's Final Pick
$spx -> $7m to $19 .2m (2.74x), on eth
- MustStopMurad posts his final cult on his top 10 highest meme conviction list
- Murad has 2.8% of supply
- Price instantly pumped following his tweet
Moonshot Launches
$tmn -> hit $350k , Trumpmoon
$clique -> hit $337k , $25k in LP Rewards
Hyped Launches
$woofie -> $167k to $1 .64m (9.8x), dog meme
$dwolf -> hit $3 .49m, "Dark Wolf"
$towd -> hit $262k , toad meme
Fwog Art
$luci -> $8m , $99k in LP Rewards, launched on moonshotdotcc
$bwull -> hit $697k , $fwog + bull
$holi -> hit $240k
Slow Cooks
$abcde -> $840k to $4 .37m (5.2x), was going straight up for the past few weeks, seeing more of it on the timeline
$autism -> $389k to $1m (2.57x), launched on July 16, ATH $7 .3m
$gm -> $93k to $402k (4.3x), cat meme, launched 2 months ago, pushed today
More Plays
$moodeng -> $200k to $959k (4.8x), baby hippo
$fc -> hit $757k , Fishcopter, fish + helicopter, CTO, good volume
$stacy -> hit $600k , $giga stacy
$zaboo -> hit $483k , Zaboomafoo
$minmori -> hit $369k , dog meme, posted by gireumee
$cc -> hit $267k , "CubCat"
I'm personally a fan of this moonshot meta w/ LP rewards. Will be interesting to see how if they're able to update the top 50 holders post merge
Lock in🔒
Decent volume today as $sol starts to pick up
$420k + In LP Rewards
$dev -> hit $16 .7m
- Launch by ChartFuMonkey
- He's taking a more transparent angle to the launch
- Promises to disclose all supply allocations to KOLs
- Over $400k in rewards have been distributed to the top 50 holders pre bond
Usher Gets Hacked
$usher -> hit $1 .9m
$usher -> hit $416k
-
Usher got sim swapped, a bunch of fake usher coins came out on pumpfun
Solana's Pepe
$lumi -> hit $1 .59m
$lumio -> hit $1 .41m
- Posted by solana
, good narrative
Murad's Final Pick
$spx -> $7m to $19 .2m (2.74x), on eth
- MustStopMurad posts his final cult on his top 10 highest meme conviction list
- Murad has 2.8% of supply
- Price instantly pumped following his tweet
Moonshot Launches
$tmn -> hit $350k , Trumpmoon
$clique -> hit $337k , $25k in LP Rewards
Hyped Launches
$woofie -> $167k to $1 .64m (9.8x), dog meme
$dwolf -> hit $3 .49m, "Dark Wolf"
$towd -> hit $262k , toad meme
Fwog Art
$luci -> $8m , $99k in LP Rewards, launched on moonshotdotcc
$bwull -> hit $697k , $fwog + bull
$holi -> hit $240k
Slow Cooks
$abcde -> $840k to $4 .37m (5.2x), was going straight up for the past few weeks, seeing more of it on the timeline
$autism -> $389k to $1m (2.57x), launched on July 16, ATH $7 .3m
$gm -> $93k to $402k (4.3x), cat meme, launched 2 months ago, pushed today
More Plays
$moodeng -> $200k to $959k (4.8x), baby hippo
$fc -> hit $757k , Fishcopter, fish + helicopter, CTO, good volume
$stacy -> hit $600k , $giga stacy
$zaboo -> hit $483k , Zaboomafoo
$minmori -> hit $369k , dog meme, posted by gireumee
$cc -> hit $267k , "CubCat"
I'm personally a fan of this moonshot meta w/ LP rewards. Will be interesting to see how if they're able to update the top 50 holders post merge
Lock in🔒
5 days ago
Raydium Protocol Introduces "Burn & Earn," which would allow teams launching tokens to permanently lock CLMM liquidity while still claiming trading fees. This new feature would be competition to Meteora's Dynamic Pools.
6 days ago
Sentiment is down, and critics have been quick to point out ETH's underperformance against SOL while largely attributing this to a perceived loss of mindshare and users to L2s.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
This narrative has sparked a crucial debate: Are L2s Ethereum?
arjunnchand
brings the analysis...
========================================
🤔 Symbiotic or Separatist?
L2s have been a core component of Ethereum's rollup-centric roadmap from the very beginning. They were envisioned as extensions (technical and cultural) of Ethereum, designed to expand its capabilities and attract a broader user base.
At their core, L2s are deeply linked with Ethereum. They share its DNA — relying on ETH as the currency, benefitting from Ethereum's security blanket, and utilizing it for data storage and settlement. It's like a startup leveraging its parent company's infrastructure and brand recognition, a win-win for both.
The symbiotic relationship between L2s and Ethereum is undeniable. L2s thrive on Ethereum's infrastructure and security, while Ethereum benefits from the increased activity and increased demand for ETH, making it a better store of value.
By offering lower fees and faster transaction times, L2s have made it easier for developers to build different types of applications. Look at the explosion of memecoins on Base or the rise of SocialFi platforms like Farcaster creating new markets for users.
Beyond that, L2s are becoming major hubs for DeFi activity, and ETH, the asset, is at the heart of this ecosystem. Look at the numbers:
arbitrum
,
Optimism
,
@base
— these chains are dominated by ETH-related assets.
🧛♂️ Vampire attack?
However, one of the primary arguments against the rollup-centric approach to scaling Ethereum is the assumption that L2s may not continue to rely on Ethereum. Sure, L2s and Ethereum seem like a happy family now. But what if L2s build their own empires and ditch Ethereum altogether? No more relying on Ethereum for security, no more ETH as gas, not even needing Ethereum's block space.
This "L2s go rogue" fear is a legitimate concern. Technically, they could build independent ecosystems with their own validators as they would then be able to own the entire modular blockchain stack. So, is this the future – a messy breakup between L2s and Ethereum? Not necessarily.
We can all agree that there are perhaps a few too many L2s. Too many copycats. Too little differentiation. It's like a thousand startups chasing the same market, all promising the same thing. This isn't healthy.
What we need are L2s that matter. L2s that offer something unique, something that sets them apart. Security, app diversity, GTM strategy — these are the areas where we need to see real innovation.
But we must be wary of ‘echo chambers’. These zones of chains should not become isolated universes. A healthy L2 ecosystem is one where chains work together, not in isolation. We need bridges, not moats.
We need collaboration. We need communication. We need education. We need incentives. We need to build shared infrastructure and standards that foster seamless connectivity across L2s. Only then can we truly win together.
💭 Closing Thoughts
You can say that L2s aren’t Ethereum. You can argue L2s aren’t even extensions of Ethereum. But you cannot deny the fact that L2s enhance the utility of Ethereum and ETH.
The "L2s vs. Ethereum" debate is a false dichotomy. This isn't a zero-sum game. Ultimately, Ethereum and L2s are in this together. Let's build a future where Ethereum and L2s thrive as a symbiotic whole, and push the crypto ecosystem forward.
7 days ago
What is Hana Network?
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient.
Hana Network is a blockchain platform that integrates with EigenLayer and Babylon to enhance security and functionality. It allows users to stake assets on EigenLayer and Babylon while taking advantage of their advanced security protocols. Hana Network uses cryptographic techniques to ensure transaction security and preserve user privacy. It also supports multi-party group broadcasts and anonymous routing protocols. With these integrations, Hana Network aims to offer reliable and secure decentralized solutions for various applications, making blockchain technology more accessible and efficient.
8 days ago
After the euphoric highs of Q2, fear and doubt have crept back into crypto markets in recent months.
Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop
Amidst the uncertainty Solana’s DeFi ecosystem has shed layers of TVL (Total Value Locked), with the majority of protocol’s losing between 13-18% in USD value on a monthly time frame.
However, despite the market-wide pullback, outperformers have emerged. Which protocols created a liquidity vacuum and expanded their TVL despite ailing markets?
NX FINANCE, LULO LEAD MONTHLY TVL GROWTH
Solana’s DeFi scene has enjoyed newfound momentum and attention throughout 2024. However, the last 30 days indicate a charge in sentiment, with the bulk of Solana protocols suffering significant drops in their TVL.
Despite challenging conditions, several outliers have outperformed the wider market and witnessed continued growth in the face of adversity.
Lending aggregator NX Finance led the charge, enjoying consistent growth in the face of difficult markets. Courtesy of its incentivized rewards program, NX Finance TVL rose 65% in the last 30 days, leading Solana’s top 50 DeFi applications by TVL.
Meanwhile, fellow lending aggregator Lulo Finance continued to rise through the ranks, securing over $30M in Directed Liquidity (DL). With over 92% of its DL, a similar metric similar to TVL, held in stablecoins, Lulo-managed value has increased by 32.27% in the last 30 days.
At first glance, DeFiLlama data suggests that Jupiter’s TVL has risen by 47.22% in the last 30 days. However, this increase is due to the popular analytics platform integrating $jupSOL into Jupiter’s total TVL on August 16, adding approximately $300M worth of funds to the platform.
According to Step Finance data, $jupSOL supply has risen 0.36% in the last 30 days. Coupled with the 2.22% decline in Jupiter perpetual TVL in the same time period, it can be concluded that Jupiter’s total TVL has remained relatively stable in the face of challenging market conditions.
Kamino TVL Climbs Despite Falling Prices
Kamino Finance has been one of Solana DeFi’s most solid performers throughout Q3’s volatility. While lending aggregators like NX Finance and Lulo predominantly hold stablecoins, making them more resilient to market downturn, Kamino accepts deposits from a wider range of more volatile assets.
Despite falling asset prices across the industry, Kamino has emerged as one of Solana’s standout DeFi protocols.
While $SOL price has dropped over 36% since its March 18 high of $202 , Kamino TVL has increased by 12% in USD terms. Denominated in SOL, Kamino TVL has risen by 76% in the same time frame.
JUPITER DOMINATES PERPETUAL TVL ACROSS THE INDUSTRY
Jupiter’s perpetual DEX platform shows no sign of relinquishing its iron grip on derivatives dominance. One of Solana’s largest DeFi protocols, Jupiter’s perpetual DEX is currently the largest onchain derivatives market in the crypto industry.
Boasting over $657M in TVL, Jupiter dominates perpetual market share. According to DeFiLlama data, the Solana-based platform currently accounts for 18.82% of onchain derivatives TVL across the industry.
While Jupiter boasts the highest TVL across all perpetual DEXes, its closest rival still witnesses higher trading volumes. During August, Hyperliquid handled $34 .6B in trading volume compared to Jupiter’s $15 .1B. It’s worth noting that Hyperliquid’s high volume could attributed to its points program, which is expected to influence token allocations ahead of the protocol’s upcoming airdrop
11 days ago
We are 180 days into a correction since we made an ATH in Bitcoin and market sentiment is worse than when BTC was at 15K.
Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.
And what happened?
> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.
And what is to come?
> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).
And all this with stablecoins reaching all-time highs.
Is this the end? Are we all going to die?
I don't believe it.
For me nothing has changed.
Nobody said the bull market was going to be easy.
The best, for me, is yet to come.
You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.
The difficult moments are what separate babies with poop on their butts from legends.
Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.
We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.
It seems like a meme, but it is not.
There is something that will never change.
> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.
And it is certainly the fastest way to lose money in this market.
Sorry, I didn't make up the rules of the game.
The road will be long and there will be monsters and corpses along the way, just try not to make it yours.
The bull market is not over.
They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.
Nothing has changed.
Patience, conviction, buy the dip & chill 🏝️
Ethereum has lost nearly $250 billion in market cap over the summer, even with ETFs coming to market.
And what happened?
> Massive exits and sales by Grayscale.
> Massive MT.GOX distributions.
> Mass distributions from the United States.
> Germany selling +50,000 BTC.
And what is to come?
> US interest rate cuts.
> Gradual increase in global liquidity.
> United States elections.
> FTX Refunds (+$16B).
And all this with stablecoins reaching all-time highs.
Is this the end? Are we all going to die?
I don't believe it.
For me nothing has changed.
Nobody said the bull market was going to be easy.
The best, for me, is yet to come.
You already know what happened next, the times when the feeling was as shattered and terrifying as the one we are experiencing now.
The difficult moments are what separate babies with poop on their butts from legends.
Everyone is very pro, everyone is very cocky, very gangster and very brave until it is time to buy the dip when at all hours they say that we are going to visit lower areas and everyone is terrified and with their balls in their throat.
We've all heard "If you come down to X area I'm going to put my house in your house" then they come down and shit their pants and don't buy.
It seems like a meme, but it is not.
There is something that will never change.
> The vast majority of people will sell out of fear.
> The vast majority of people will buy out of euphoria.
And it is certainly the fastest way to lose money in this market.
Sorry, I didn't make up the rules of the game.
The road will be long and there will be monsters and corpses along the way, just try not to make it yours.
The bull market is not over.
They just want to steal your magic internet coins so that when they spend billions on marketing, they can buy them back at an exorbitant price.
Nothing has changed.
Patience, conviction, buy the dip & chill 🏝️
14 days ago
Binance announced in a press release that its Solana Staking product, BNSOL, will launch in late September 2024. Users can stake SOL tokens, earn dynamic rewards, and unlock liquidity while maintaining full control over their assets.
15 days ago
Daily Memecoin Recap - September 2
The past week has been absolutely dead, but volume picked back up today
GameFi Coins
$explore -> ExploringOnSOL
, functioning game coming out, team is good, hope this starts a new meta
Ethereum Pump Fun
$vista -> hit $30m , ethervista
- Users are responsible for creating their own coin contracts, EtherVista only offers a "Launch" feature
- By supplying coins and ETH, users receive LP tokens for EtherVista's DEX, with the option to burn these tokens
- The DEX has a fixed-fee structure, distributing fees to LP providers, coin creators, and $VISTA developers
- This is more of a unique UniswapV2-style DEX rather than a typical pump-and-dump scheme
Fascist.eth Coins
$xd -> hit $9m , someone threatened that they would leak psyoptrick's past & nudes, instead she did it herself
$obama -> hit $552k , "Bitcoin Obama", pushed by
psyoptrick
Runners Of The Day
$yukie -> $150k to $630k , dog meme, launched in August heavily pushed today, ATH $1 .65m
$tommy -> hit $3 .2m, another cute dog, coordinated push
$gib -> hit $2 .5m, "A marketplace for work"
$ultra -> hit $800k , "UltramanGodzillaNebulaM78", good content
$look -> hit $800k , "Look bro...", viral meme on CT these past few days
$pin -> hit $730k , Post-It Note, memes on a post-it note
Wei Wu Trolls Ansem
$wisdom -> hit $580k , based on WuWei113
, who beefed with blknoiz06 recently
Dexscreener introduces new boosts & gold tickers
$abcde -> hit $850k , slow grind up since launch, based team
Fwog Is King
$fwog -> $45m to $91 .6m (2.03x from the low), one of the strongest memes despite the market downturn
$fwag -> hit $1 .3m, gay $fwog , " You missed $FWOG ? You must be a $FWAG "
Smoking Chicken Fish Betas
$dcc -> hit $2 .5m, "Drunk Chicken Centipede", $scf vibes
$btc -> hit $785k , "Big Titty Chicken"
Other Cooks
$bud -> hit $1m
$bullet -> hit $450k , functioning game
$gugu -> hit $396k , CTO
$frfr -> hit $340k , "Fref & frof"
$katana -> hit $309k , "First Blind Dog On Solana"
$fwc -> hit $258k , "Farting Whoopie Cushion"
Differentiate having a long-term outlook on your spot bags vs a short-term outlook when trading memes
The past week has been absolutely dead, but volume picked back up today
GameFi Coins
$explore -> ExploringOnSOL
, functioning game coming out, team is good, hope this starts a new meta
Ethereum Pump Fun
$vista -> hit $30m , ethervista
- Users are responsible for creating their own coin contracts, EtherVista only offers a "Launch" feature
- By supplying coins and ETH, users receive LP tokens for EtherVista's DEX, with the option to burn these tokens
- The DEX has a fixed-fee structure, distributing fees to LP providers, coin creators, and $VISTA developers
- This is more of a unique UniswapV2-style DEX rather than a typical pump-and-dump scheme
Fascist.eth Coins
$xd -> hit $9m , someone threatened that they would leak psyoptrick's past & nudes, instead she did it herself
$obama -> hit $552k , "Bitcoin Obama", pushed by
psyoptrick
Runners Of The Day
$yukie -> $150k to $630k , dog meme, launched in August heavily pushed today, ATH $1 .65m
$tommy -> hit $3 .2m, another cute dog, coordinated push
$gib -> hit $2 .5m, "A marketplace for work"
$ultra -> hit $800k , "UltramanGodzillaNebulaM78", good content
$look -> hit $800k , "Look bro...", viral meme on CT these past few days
$pin -> hit $730k , Post-It Note, memes on a post-it note
Wei Wu Trolls Ansem
$wisdom -> hit $580k , based on WuWei113
, who beefed with blknoiz06 recently
Dexscreener introduces new boosts & gold tickers
$abcde -> hit $850k , slow grind up since launch, based team
Fwog Is King
$fwog -> $45m to $91 .6m (2.03x from the low), one of the strongest memes despite the market downturn
$fwag -> hit $1 .3m, gay $fwog , " You missed $FWOG ? You must be a $FWAG "
Smoking Chicken Fish Betas
$dcc -> hit $2 .5m, "Drunk Chicken Centipede", $scf vibes
$btc -> hit $785k , "Big Titty Chicken"
Other Cooks
$bud -> hit $1m
$bullet -> hit $450k , functioning game
$gugu -> hit $396k , CTO
$frfr -> hit $340k , "Fref & frof"
$katana -> hit $309k , "First Blind Dog On Solana"
$fwc -> hit $258k , "Farting Whoopie Cushion"
Differentiate having a long-term outlook on your spot bags vs a short-term outlook when trading memes
15 days ago
Continuing to defy the expectations of the wider crypto market, Solana has outperformed digital asset rivals like Bitcoin ($BTC) and Ethereum ($ETH).
During a forgettable week for crypto markets, Solana has bucked the bearish trend, enjoying positive inflows amidst a sea of red.
SOL LEADS WEEKLY INFLOWS ACROSS TOP DIGITAL ASSETS
While much of the crypto market succumbed to bearish forces last week, Solana showed plenty of resilience. According to CoinShares data, Solana digital asset products attracted over $7 .6M in net inflows, outperforming both Bitcoin (-$319M) and Layer 1 rival Ethereum (-$5.7M).
However, despite positive inflows in digital asset products, $SOL price suffered a significant decline. Over the past week, Solana has dropped 15.45%, sliding from $157 .2 to currently exchange hands at $132 .91, based on Step Finance data.
In this sense, Solana has underperformed both $BTC and $ETH , which lost 7.5% and 7.3% respectively over the same period.
The diverging trends highlight a curious dynamic. Despite Solana suffering a more significant price drop than both $BTC and $ETH , institutional inflows for Solana-based digital asset products were positive.
Solana’s favorable performance suggests higher demand from institutional investors and traders, who are taking advantage of turbulent market conditions to establish positions heading into Q4.
Alternatively, the comparatively smaller range of Solana-based products allows for a reduced sample size, which could skew results. The abundance and accessibility of Bitcoin and Ethereum ETFs mean that these assets are likely to witness more consistent trading behavior.
MONTHLY STABLECOIN INFLOWS INCREASE BY 21%
Beyond positive digital asset product inflows, the Solana network also enjoyed increased stablecoin flows.
Having continually grown throughout 2024, Solana’s monthly stablecoin inflows increased by 21%, rising from $371M in July to $449M in August.
The growth indicates a growing desire for greater liquidity onchain. The trend is further supported by an increase in the total value of bridged assets arriving on the Solana network.
According to data provided by deBridge and Artemis, over $345M worth of assets were bridged to Solana from alternative chains, a 23% increase from the $280M bridged in July. August’s bridge traffic included over $279M from Ethereum, the industry’s largest Layer 1 network.
The inflow of capital suggests that investors and traders could be eager to establish positions in both Solana’s thriving DeFi scene and the ecosystem’s native tokens. With increased liquidity arriving onchain, network participants hope that the Solana ecosystem can maintain its bullish trajectory in Q4.
During a forgettable week for crypto markets, Solana has bucked the bearish trend, enjoying positive inflows amidst a sea of red.
SOL LEADS WEEKLY INFLOWS ACROSS TOP DIGITAL ASSETS
While much of the crypto market succumbed to bearish forces last week, Solana showed plenty of resilience. According to CoinShares data, Solana digital asset products attracted over $7 .6M in net inflows, outperforming both Bitcoin (-$319M) and Layer 1 rival Ethereum (-$5.7M).
However, despite positive inflows in digital asset products, $SOL price suffered a significant decline. Over the past week, Solana has dropped 15.45%, sliding from $157 .2 to currently exchange hands at $132 .91, based on Step Finance data.
In this sense, Solana has underperformed both $BTC and $ETH , which lost 7.5% and 7.3% respectively over the same period.
The diverging trends highlight a curious dynamic. Despite Solana suffering a more significant price drop than both $BTC and $ETH , institutional inflows for Solana-based digital asset products were positive.
Solana’s favorable performance suggests higher demand from institutional investors and traders, who are taking advantage of turbulent market conditions to establish positions heading into Q4.
Alternatively, the comparatively smaller range of Solana-based products allows for a reduced sample size, which could skew results. The abundance and accessibility of Bitcoin and Ethereum ETFs mean that these assets are likely to witness more consistent trading behavior.
MONTHLY STABLECOIN INFLOWS INCREASE BY 21%
Beyond positive digital asset product inflows, the Solana network also enjoyed increased stablecoin flows.
Having continually grown throughout 2024, Solana’s monthly stablecoin inflows increased by 21%, rising from $371M in July to $449M in August.
The growth indicates a growing desire for greater liquidity onchain. The trend is further supported by an increase in the total value of bridged assets arriving on the Solana network.
According to data provided by deBridge and Artemis, over $345M worth of assets were bridged to Solana from alternative chains, a 23% increase from the $280M bridged in July. August’s bridge traffic included over $279M from Ethereum, the industry’s largest Layer 1 network.
The inflow of capital suggests that investors and traders could be eager to establish positions in both Solana’s thriving DeFi scene and the ecosystem’s native tokens. With increased liquidity arriving onchain, network participants hope that the Solana ecosystem can maintain its bullish trajectory in Q4.
17 days ago
20 days ago
BIG SUPPLY, BIG PROBLEMS AS SOLANA’S NFT MARKET REJECTS LARGE COLLECTIONS
Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.
New NFT collections have learned a painful lesson this week. If it wasn’t obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.
Despite commentators claiming these hyped collections will usher in a “new era” and whitelist spots selling at over $50 apiece on open markets, launches from Pathfinders and Hermans have failed to meet expectations.
Will Solana’s NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?
ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED
Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.
Pathfinder’s novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solana’s first un-ruggable NFTs.
Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the project’s native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFT’s value at a minimum of 2pathSOL.
Regardless, Solana’s NFT community has largely ignored the project’s novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT community’s apparent apathy.
Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.
‘Hyped’ New Mint Immediately Under Floor - Are Presales to Blame?
Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.
Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermans’ treasury now holds over 1,600 NFTs, roughly 33% of the supply.
Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.
While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.
Low Supply NFT Collections Retain Value
In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends.
Top Solana collections like Mad Lads, Tensorians (pictured), and Claynosaurs have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.
Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.
Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co
Fresh minting mechanics are bringing greater security to Solana NFTs, but new mints and large collections struggle to garner attention and are trading below mint price.
New NFT collections have learned a painful lesson this week. If it wasn’t obvious due to stagnant floor prices and diminishing trade volume, launching a fresh collection in these conditions is a difficult task.
Despite commentators claiming these hyped collections will usher in a “new era” and whitelist spots selling at over $50 apiece on open markets, launches from Pathfinders and Hermans have failed to meet expectations.
Will Solana’s NFT market ever witness another successful 10,000 NFT collection? Or are small supplies the only way of conserving value?
ONLY 21% OF PATHFINDER'S RISK-FREE NFTs MINTED
Despite proposing a new, risk-free method of launching Solana NFTs, the Pathfinders collection faces difficulty minting out. At press time, only 2,125/10,000 NFTs have been minted, falling well short of expectations.
Pathfinder’s novel LST-backed NFT collection launched with noble intentions. Providing an alternative mechanic that aims to protect minters, the collection has launched Solana’s first un-ruggable NFTs.
Unlike standard NFT mints, Pathfinders NFTs are minted using pathSOL, the project’s native liquid staking token. Holders reserve the right to redeem their NFT for the underlying pathSOL used to mint the asset, essentially securing the NFT’s value at a minimum of 2pathSOL.
Regardless, Solana’s NFT community has largely ignored the project’s novel approach to minting. Supporters of the new mechanic took to social media to express their disappointment with the NFT community’s apparent apathy.
Commentators noted that network participants have collectively poured thousands of SOL into extractive and malicious actors, but are unwilling to support builders providing meaningful alternatives.
‘Hyped’ New Mint Immediately Under Floor - Are Presales to Blame?
Boasting a sold-out presale that constituted 55% of the total supply, the Hermans NFT collection suffered a similar fate. Priced at 1.5 SOL per NFT, Hermans struggled to attract interest during the public mint, forcing the team to take drastic action.
Hermans trading on secondary marketplaces like Tensor and Magic Eden was locked until the mint was complete, meaning holders were unable to list their assets. The team took it upon themselves to buy all unminted assets. The Hermans’ treasury now holds over 1,600 NFTs, roughly 33% of the supply.
Almost immediately, the collection began trading beneath mint price as presales and regretful minters clamored to liquidate their holdings for SOL. Hermans currently exchange hands at 0.84 SOL, down 44% from the original mint price.
While poor NFT market conditions are a significant contributor to the recent slew of disappointing NFT launches, social media commentators have argued that NFT presales are also to blame.
Low Supply NFT Collections Retain Value
In recent years, NFT markets have witnessed countless large supply collections suffer devastating downtrends.
Top Solana collections like Mad Lads, Tensorians (pictured), and Claynosaurs have all endured significant drawdowns, while dozens of less-resilient projects have effectively plummeted to zero.
Comparatively, low supply and 1/1 NFT collections have retained their value remarkably well. Limited supply art collections like Boogles, Dead King Society, and The SixNine are typically only available through OTC deals and have maintained comparatively stable floors, regardless of SOL price fluctuations.
Arguably, this suggests that the most valuable utility NFTs offer is access to exclusive communities. Alternatively, it could also indicate that low-supply collections with low market liquidity create an elite sense of perceived value, which has supported the valuations of these co
21 days ago
DASH
Take control of your crypto with Multi-Chain tools for Traders & Developers with The Latest Technology.
Our utilities are live & operational. Heavily stress tested over past few months.
We feel Dash will elevate the meaning of the word “utility”
We built something unique with the potential to be adopted by 1000’s in this space. Until Dash, a lot of these functions and tools have never been easy to access and also protected. So we built our own for the culture.
Our mission is to create a significant impact on the crypto space and allow all levels of traders, developers, degens or even your grandma to enter the space equipped with stacked tool box!
Website - https://dashdapp.io/
Telegram - https://t.me/DASHEntryPort...
#TradersCoveGems
Take control of your crypto with Multi-Chain tools for Traders & Developers with The Latest Technology.
Our utilities are live & operational. Heavily stress tested over past few months.
We feel Dash will elevate the meaning of the word “utility”
We built something unique with the potential to be adopted by 1000’s in this space. Until Dash, a lot of these functions and tools have never been easy to access and also protected. So we built our own for the culture.
Our mission is to create a significant impact on the crypto space and allow all levels of traders, developers, degens or even your grandma to enter the space equipped with stacked tool box!
Website - https://dashdapp.io/
Telegram - https://t.me/DASHEntryPort...
#TradersCoveGems
22 days ago
🚨 For the FIRST TIME in HISTORY the largest Central Banks have been reducing their Balance Sheets AT THE SAME TIME since the beginning of 2022 (Reducing market liquidity)
If now, starting with the FED 🇺🇸 , they "come to an agreement" and begin to INCREASE their assets, we could be facing one of the largest inflows of liquidity in HISTORY at a global level 🤔
Can you imagine what could happen to the price of #Bitcoin if this happens? 👀
If now, starting with the FED 🇺🇸 , they "come to an agreement" and begin to INCREASE their assets, we could be facing one of the largest inflows of liquidity in HISTORY at a global level 🤔
Can you imagine what could happen to the price of #Bitcoin if this happens? 👀
22 days ago
Tokenized US Treasury Bonds Surpass $2 Billion!
Does this sentence (and its implications) seem incomprehensible to you?
Let's break it down together
1. US Treasury bonds
These are securities issued by the American government, purchasable by anyone on traditional financial markets.
You are literally lending money to the US government and in return for this nice gesture, you are promised a return (currently 3.8 %)
Treasury bills are simply acknowledgements of debt.
The US government is indebted to you (congratulations, you have a superpower in your pocket!)
2. “tokenized”
Literally: injected into a blockchain
Treasury bonds are transformed from a "virtual electronic" state (information on the hard drive of the Fed or a central bank) to a "cryptographic" state by being transposed in the form of digital assets (i.e. tokens) on a blockchain network.
We are talking about "tokenization of financial assets"
3. What for?
Let's simplify:
- Cheaper, lower costs for the issuer (government) and the holder
- Fewer intermediaries (savings on this side too)
- Excellent liquidity
- Unlimited fragmentation potential (a treasury bond is sold at least in tranches of $100 , with tokenization it is possible to divide this threshold by 10, 100, 10,000 to make the asset accessible to a wider audience)
- Transparent
- Ultra secure
- Auditable
- ...
To put it simply, there is SO much upside to using blockchain for financial assets that there is NO scenario where this technological approach will not prevail in the coming decade.
These 2 billion are therefore a very timid incursion into a market of 27,000 billion dollars just for US Treasury Bonds (and this without even counting other asset categories, such as indexes, shares, financial real estate, etc.)
In short and in conclusion, the tokenization of global financial assets and "The (real) next big thing" for blockchain and crypto
Does this sentence (and its implications) seem incomprehensible to you?
Let's break it down together
1. US Treasury bonds
These are securities issued by the American government, purchasable by anyone on traditional financial markets.
You are literally lending money to the US government and in return for this nice gesture, you are promised a return (currently 3.8 %)
Treasury bills are simply acknowledgements of debt.
The US government is indebted to you (congratulations, you have a superpower in your pocket!)
2. “tokenized”
Literally: injected into a blockchain
Treasury bonds are transformed from a "virtual electronic" state (information on the hard drive of the Fed or a central bank) to a "cryptographic" state by being transposed in the form of digital assets (i.e. tokens) on a blockchain network.
We are talking about "tokenization of financial assets"
3. What for?
Let's simplify:
- Cheaper, lower costs for the issuer (government) and the holder
- Fewer intermediaries (savings on this side too)
- Excellent liquidity
- Unlimited fragmentation potential (a treasury bond is sold at least in tranches of $100 , with tokenization it is possible to divide this threshold by 10, 100, 10,000 to make the asset accessible to a wider audience)
- Transparent
- Ultra secure
- Auditable
- ...
To put it simply, there is SO much upside to using blockchain for financial assets that there is NO scenario where this technological approach will not prevail in the coming decade.
These 2 billion are therefore a very timid incursion into a market of 27,000 billion dollars just for US Treasury Bonds (and this without even counting other asset categories, such as indexes, shares, financial real estate, etc.)
In short and in conclusion, the tokenization of global financial assets and "The (real) next big thing" for blockchain and crypto
23 days ago
Busy week ahead for PengyOS!🐧
We’re meeting with the incredible
solanamobile team to discuss Pengy Chat Mobile.✨
PengyOS Mobile is all about creating a unique user experience & setting a new meta for the future.💎
Don’t miss this once-in-a-lifetime opportunity!😎
We’re meeting with the incredible
solanamobile team to discuss Pengy Chat Mobile.✨
PengyOS Mobile is all about creating a unique user experience & setting a new meta for the future.💎
Don’t miss this once-in-a-lifetime opportunity!😎
24 days ago
BTC, volumes over the weekend, especially today, fell to lows. Against the background of some events, the arrest of Pavel Durov, some coins, TON and NOT, showed some correction. I refrain from buying them in the near future. Fortunately, at least I didn't have them. But in any case, these drains on these coins can be used for speculative trading.
Bitcoin has been standing still for the last 24 hours. Read the post above. The situation is exactly the same.
withdrawal from exchanges exceeds input - correlation
Altcoins, minimally adjusted, on a 15-minute timeframe. The two main downward trends in the capitalization of altcoins were broken, but it did not work out, and the cap went back behind these trends. To collect liquidity and a new attempt at breakdown and consolidation.
https://www.tradingview.co.../
Bitcoin has been standing still for the last 24 hours. Read the post above. The situation is exactly the same.
withdrawal from exchanges exceeds input - correlation
Altcoins, minimally adjusted, on a 15-minute timeframe. The two main downward trends in the capitalization of altcoins were broken, but it did not work out, and the cap went back behind these trends. To collect liquidity and a new attempt at breakdown and consolidation.
https://www.tradingview.co.../
24 days ago
While you don't believe that the bull will hit NFT, let's figure out when it will happen 🤔
It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?
Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋
It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.
We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.
It has already happened. Why don't you understand where the liquidity has stagnated in the market, and what trend will conquer the market next?
Where is the next rocket? New SocialFi, shields in another chain? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity is quietly flowing into already familiar channels, and the NFT market has already given it a local zazu 👋
It's even funny that the projects that were raped by sybils during the retro fever, holders of cult NFTs on the air were given more awards than their "faithful" adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull run had just a few vessels to accumulate liquidity in - the CryptoPunks and Bored Ape Yacht Club collections. Then demand cut off supply, leading to incredibly high price expectations and hopes, and liquidity leaked into other random ETH collections and other chains. Boom, the bubble burst, something that can never be repeated.
We now have many chains with NFTs, liquidity and attention are spread out, and there is no single major trend in a select few NFT collections. But NFTs are here to stay, and they continue to grow as a category. And locally, that will never stop.
25 days ago
$55 million in liquidations in 24 hours! 🩸
Yes, yes, you read that right. Only 55M while we are in the middle of the week and the market is still volatile.
I think the market is waiting for this afternoon's speeches to start moving in all directions.
A great day ahead, friends!
Yes, yes, you read that right. Only 55M while we are in the middle of the week and the market is still volatile.
I think the market is waiting for this afternoon's speeches to start moving in all directions.
A great day ahead, friends!
26 days ago
While you don’t believe that the bull will be affected by NFTs, let’s figure out when this happens 🤔
Already happened. Why don’t you understand where liquidity has accumulated in the market, and what trend will conquer the market next?
Where's the next rocket? New SocialFi ? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity imperceptibly flows into already familiar channels, and the NFT market has already given a promise locally 👋
It’s even funny that the projects that were raped by the sibils during the retro fever were given more awards to the holders of the cult NFTs on air than to their “faithful” adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull cycle only had a few vessels to accumulate liquidity in - the CryptoPunks collections and the Bored Ape Yacht Club . Demand then cut off supply, leading to incredibly high price expectations and hopes, with liquidity leaking into other random collections on ETH and other chains. Boom, the bubble burst, it can never be repeated.
We currently have many NFT chains, liquidity and attention are spread out, and there is no single major trend across a select few NFT collections. But NFTs are here to stay and continue to grow as a category. And locally it will never stop.
Already happened. Why don’t you understand where liquidity has accumulated in the market, and what trend will conquer the market next?
Where's the next rocket? New SocialFi ? Which one? NEAR? CARDANO? While you are looking for new gems, liquidity imperceptibly flows into already familiar channels, and the NFT market has already given a promise locally 👋
It’s even funny that the projects that were raped by the sibils during the retro fever were given more awards to the holders of the cult NFTs on air than to their “faithful” adherents. But does this mean that the NFT sector will explode on this bull? Yes and no.
Last season's NFT bull cycle only had a few vessels to accumulate liquidity in - the CryptoPunks collections and the Bored Ape Yacht Club . Demand then cut off supply, leading to incredibly high price expectations and hopes, with liquidity leaking into other random collections on ETH and other chains. Boom, the bubble burst, it can never be repeated.
We currently have many NFT chains, liquidity and attention are spread out, and there is no single major trend across a select few NFT collections. But NFTs are here to stay and continue to grow as a category. And locally it will never stop.
