Daily Memecoin Recap - September 15

Volume is picking up, today was very decent

SCF Lead Gone Rogue
$scf -> hit $2 .67m, new one
$scf -> $37m to $24 .4m (-34%), OG
- SCF's CTO lead feels betrayed by the team
- He decided to launch his own $scf on moonshot
- He claims he will airdrop all OG $scf holders
- $132k + in LP Rewards
- Read through his tweets for more info: PastorKelby

DeGods Launches A Coin
$degod -> hit $326m , hit a low of $52m , now sitting at $92m
- Heavily sniped on launch
- Degods is simplifying their entire ecosystem into a single asset

Iggy Azalea Come Back
$mother -> $32 .5m to $62 .11m (1.91x), whales have been loading up,

Moonshot Launches
$shawk -> hit $3 .35m, hyped launch, $72k + in LP Rewards
$rollie -> hit $438k , $8k in LP Rewards

Moo Deng Wants More
$moodeng -> $1 .54m to $4 .98m (3.23x), viral hippo

Cat Memes
$tole -> $10k to $615k (61.5x), cat meme launched on July 17, CTO started today
$fade -> $183k to $726k (3.96x), "Don't Fade me"
$yumi -> hit $155k , cat meme

More Cooks
$abcde -> $1 .98m to $3 .72m (1.87x), pushing for ATH
$wog -> $285k to $1 .11m (3.89x), $fwog + dog
$ball -> $70k to $615k (8.78x), "Ball Up Top", viral meme
$immortal -> hit $468k , r

Thoughts on the SCF situation? Hope some of you cooked on the new one 🤝

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.

📊 The DEX landscape is changing!

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Analysis by arjunnchand

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 🏝️

BlackRock dethrones Grayscale to become the World's Largest Digital Asset Manager by on-chain holdings.

Keep an eye on $SPD solana police department just got out of moonshot onto raydium 2 hours ago dont fade this gem

6xhRfZaXHHYBtCVCyUoQwx9QePTGmd3fdBywCidx9jZi

BlackRock has overtaken Grayscale as the largest collective holder of on-chain assets through its exchange-traded funds (ETFs).

⛪ In Colorado, a group of churches tokenizes a chapel worth $2 .5 million.

It could be the world's first tokenized church.

A network of affiliated church groups called the Colorado House of Prayer has tokenized its main chapel in an effort to purchase the building for $2 .5 million.

Pastor Blake Bush said he was compelled by a higher power to use blockchain technology as a tool to advance the group's mission.

“I heard the Lord say, tokenize the building”

Partnership Announcement🤝

Your number #1 source for BRAYKING $NOOZ

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$NOOZ x $BULL

Follow Feyk Nooz on BullVerse: @feyknooz

🥤 Worldcoin is offering $15 worth of peach or mango drinks for every person who registers with World ID and therefore shares their iris.

Worldcoin turns to little-known energy drink Flojo to grow its user base.

“The world’s first neuroscientist-approved sparkling drink”

This is not the first foray into the crypto world for drinkflojo , which is also a Solana partner

My wife told me she gets off as much as a pump.fun token makes it to ray. That’s good right?? #crypto #Solana

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

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

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

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

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

Raydium Protocol surpasses Marinade Finanace to become the 3rd largest protocol on Solana by Total Value Locked (TVL).

🚨 As of June 30, Goldman Sachs held:

🔹️ 6,991,248 shares of iShares Bitcoin Trust ($239 million).

🔹️ 1,516,302 shares of Fidelity Wise Origin Bitcoin ($79.55 million).

🔹️ 940,443 shares of Invesco Galaxy Bitcoin ETF ($56.19 million).

🔹️ 660,183 shares of Grayscale Bitcoin Trust ($35.15 million).

https://x.com/wublockchain...

Major firms, including BlackRock, Fidelity, Grayscale, and MicroStrategy, have not sold their Bitcoin despite the market crash.

The summary of the news #crypto and markets

1) Powell (FED) leaves rates unchanged, no pivot decided, possible in September but reserves the possibility of acting until early 2025 if necessary

2) Senator Cynthia Lummis submitted her bill to make #Bitcoin a store of value alongside gold

3) Gold hits a new ATH close to $2 ,500 per ounce

4) According to several technical analysts $BTC is still in downtrend (lower high point and lower low point) which could lead it to a new low point in August around $48 -50k if the current supports do not hold

5) The results of META and Schneider Electric are good

6) MtGox BTC continues to be distributed while whales accumulate 600,000 BTC changed hands between $66k and $67k

7) GrayScale continue to sell their ETHE at a very sustained pace

8) Yesterday the inflows-outflows were just in balance for BTC and net negative again for ETH

9) The Hashrate of #Bitcoin at 2% of its ATH has recovered almost the entire period of capitulation of miners

10) Tether published their results, they generated 5.2 billion profits in the last quarter

11) Nancy Pelosi bought thousands more Nvidia shares

12) General activity (on and off chain metrics) around DeFi has increased sharply in recent weeks

13) UAE residents now have the ability to trade crypto directly from their bank account

14) Inflation rose by 0.1% in the Euro zone from 2.5 to 2.6%

Solana’s favorite no-code token deployer has proven itself the biggest application of the cycle, consistently generating millions in revenue.

Pump.fun, a popular Solana-based token deployment application, is showing no sign of stopping. After celebrating the launch of one million tokens on the platform on June 14, 2024, pump.fun notched 1.5M launches a mere 42 days later on July 25th.

PUMP.FUN GENERATES $85M REVENUE SINCE JANUARY LAUNCH
Consistently generating over $1M in daily revenue, pump.fun has established itself as one of the most valuable crypto apps in terms of revenue generation. In just under seven months since its January 14 launch, pump.fun has generated 520,412 SOL in revenue, currently valued at over $85M

The platform’s viral growth has set an astonishing pace. After a comparatively slow start, pump.fun usage exploded in March and never looked back. On average, 12,679 tokens were launched daily on the platform in July, based on Dune Analytics data.

Off the back of its massive popularity, pump.fun recently crossed the 1.5M token deployment threshold. The no-code token creator is accelerating towards the next significant milestone at 2M launches and is expected to achieve this feat in just under 32 days, if it continues the pace set in July.

In a recent interview with threadguy, a popular crypto influencer, pump.fun co-founder alon credits the platform’s success to its accessibility. Alon argues that pump.fun is the ideal intersection between finance and social media, contending that “pump.fun is SocialFi in the most crypto-native way”.

PUMP.FUN RESPONSIBLE FOR 40.97% OF SOLANA DEX TRANSACTIONS
One doesn’t need to look far to see that pump.fun has evolved into one of the most critical applications in Solana’s DeFi ecosystem.

According to Dune Analytics data collected over the past seven days, pump.fun transactions make up approximately 40.97% of all Solana DEX transactions.

However, given that tokens launched on the platform are migrated to Raydium upon reaching a market capitalization of $69 ,000, volumes on the app remain relatively low compared to other decentralized exchanges.

Despite attracting the bulk of Solana DEX transactions, pump.fun’s DEX volume market share continues to hover around 4%, with Raydium being a significant benefactor of pump.fun’s success.

“THE WORST THING THAT EVER HAPPENED TO CRYPTO ” - Alon Responds to Criticism
For many blockchain advocates, pump.fun represents all the worst parts of the industry. Arguing that the proliferation of meme coins on Solana is drawing attention away from serious projects, and delegitimizing the industry.

In response to criticism, alon concedes that “pump.fun is the worst thing to happen for crypto for a lot of people”. However, the co-founder argues that the platform has simply “uncovered the veil” and exposed “crypto for what it really is”.

Looking ahead, alon posits that the key to continuing pump.fun’s meteoric growth is to “leaning into what we’ve already done”.

While not giving away any hints regarding upcoming features on the platform, alon indicated that the pump.fun team was committed to “improving the experience while maintaining the culture that makes it so exciting in the first place.”

Daily Memecoin Recap - July 31

New month starts today, lock in as the market starts to heat up!

The World's Most Popular Plastic Chair
$chair -> hit $16 .5m, good liquidity to mc ratio, literally just a chair

Makenowmeme launch
$iq -> hit $11m , popular bell curve meme, first coin launched on makenowmeme

$cto -> hit $8m , launched by RaydiumProtocol
using makenowmeme
- This platform lets anyone create a memecoin just by tweeting something on X

Solana Drops A Promo Vid
$pfi -> hit $7 .5m, in the video, they say they're going to drop a token (satire) called PredatorFi, solana

$bol -> hit $2 .6m, whales involved

Multi-Million Dollar Runners
$gay -> hit $9 .9m, "The Gayest Token on Solana"
$bowo -> hit $6m , "book of wojak"
$baller -> hit $4 .6m
$halo -> hit $2m , cat meme, $holly relaunch with the cat's real name
$win -> hit $1 .7m

Fwog Holding Nicely
$fwog -> $12 .2m to $31 .4m (2.57x), CTO after dev rugged the initial coin, community relaunch by the artist

Influencer Backed Community Token
$trans -> hit $300k , "Trans Gorlock the Final Boss", token based on a viral influencer, team was allegedly in contact with her

Dog Meta
$ken -> $144k to $1 .2m (8.3x), ken chan is another dog from the kabosu dog family, he's their first dog
$ken -> hit $1 .3m, fresh launch
$bill -> hit $860k
$sob -> hit $390k , CTO, "Son Of A Bulldog"
$ken -> hit $260k , OG one, over 2 months old

Cat Memes
$onigiri -> hit $2 .2m, sister of $doge & $ginnan
$ufo -> hit $250k , ufo cat
Zoomer Meta
$skill -> $400k to $1 .58m (3.95x), "skill issue", CTO
$iq -> hit $11m , popular bell curve meme
$pookie -> hit $5m
$zesty -> hit $4m , "feeling cute", old coin that was dead, pushed by some of ansem's friends & other KOLs
$cbtm -> hit $1m , "could be the move"
$ttyl -> hit $300k , "talk to you later"

More Cooks
$pookie -> hit $870k , "Pookie: The Plastic Penguin", decent team
$gwilla -> hit $480k , gorilla meme
$n64 -> hit $300k , "cat poop joystick", nintendo 64
$dikec -> hit $290k , based on viral turkish man in the olympics, "cool turkish hitman"

$sol decreased today, but there was still plenty of volume for memes

What's your gameplan for tomorrow?

The summary of the news #crypto and US market

1) The United States debt has just crossed $35 ,000 billion (+280 billion per month since 2020)

2) Grayscale sold yesterday 210 million $ETHE , BlackRock bought +60 million, total net flow -98 million

3) Side #Bitcoin it is +200 million at BR for a net inflow of +124 million in total

4) The $BTC of the US government seized during the SilkRoad affair moved wallet yesterday (2 billion in value)

5) The Ta-Da application is available on iOS and Android

6) Aave offers a Lido stETH wstETH pool on its v3

7) Finary opens the possibility via its app to invest in #crypto for companies via their holding company

8) Coinbase's quarterly results will be revealed this Thursday (big week of results for some of the super 7s as well)

9) Tomorrow, Wednesday, the FOMC should set the tone regarding the rate cut by the FED expected by the market around mid-September 2024, some analysts are hoping for a first hammer cut of -0.5 while the base is expected to be - 0.25 points

10) Samara Cohen of BlackRock confirms that she has no immediate plans to launch an ETF $SOL

11) 21Shares have integrated Chainlink Proof of Reserved into their ETF for more transparency

12) The Cybertruck is the best-selling electric truck in the United States in Q2 2024, the stock $TSLA climbs back into the top 10 of the largest US caps

13) Pumpdotfun exceeded Ethereum’s 24-hour revenue yesterday

14) Qatar reconsiders its position on cryptos, in order to lift the ban and define a framework

15) The balance of ETF's spots on #Bitcoin now exceeds 50 billion

16) The halving $BTC took place 100 days ago

Daily Memecoin Recap - July 21

Great volume today as $sol reaches $185

Plenty of metas emerged

Elon Musk Changes His Profile Pic
$dmaga -> hit $76m , "Dark MAGA", Elon's new pfp was made by the people behind this coin, plenty of whales involved
$darkelon -> hit $3 .6m, @elonmusk 's new pfp has a dark filter
$laser -> hit $3 .3m, "Laser Eyes"
- Elon's new pfp is him with a dark filter and laser eyes
- $dmaga drained a lot of liquidity from the market

Betas Emerge from Dark MAGA
$lmaga -> hit $330k , "Light MAGA"
$dpepe -> hit $313k , "Dark Pepe"

Joe Biden Withdraws From Presidential Election
$boden -> $17 .8m to $5 .48m (-69%), down 99%+ from All Time High, redacted JoeBiden

$joever -> $520k to $2 .88m (5.53x), "It's Joever"
$byeden -> hit $1 .4m

Kamala Harris Coins
$kama -> $10 .15m to $30 .5m (3x), redacted KamalaHarris

$kto -> hit $1 .8m, "Kamala Take Over", Kamala + CTO wordplay
$cumala -> hit $1 .2m, "Cumala Whoris"
$KaBooty -> hit $349k

Mini Breaks ATH
$mini -> $1 .9m to $32 .8m (17.3x from the low)
$bigi -> $6k to $1 .69m (281x), mini derivative, was a dead coin that got CTO'd & onboarded some KOLs

Zoomer Memes
$trench -> $115k to $1 .15m (10x), "The Trenches"
$chance -> hit $320k , "Take A Chance", popular sentence on twitter

Popcat Is The First Cat Meme To hit $1b MC
$popcat -> hit 1.02b

Cat Memes
$ily -> $52k to $3 .5m (67x), CTO, cute cat
$mew -> $293m to $684m (2.33x), finally broke a recent high
$baba -> hit $858k , small cat
$mavis -> hit $410k , tiktok cat
$jamie -> hit $360k
$beami -> hit $310k

Dog Memes
$billy -> $93m to $224m (2.4x), continues to make new ATH's
$popdog -> $1m to $6 .3m (6.3x), $popcat derivative
$ray -> hit $2 .1m, CTO
$boo -> hit $1 .4m, hyped launch

More Cooks
$mother -> $27 .7m to $90 .2m (3.25x), IGGYAZALEA
still putting in work
$bear -> $7 .2m to $23 .6m (3.27x), new ATH
$autism -> $4 .14m to $7 .38m (1.78x)
$ethereum -> hit $3 .5m, "Ethereum On Solana"
$alpha -> hit $950k , CTO, pushed by KOLs on twitter
$down -> hit $455k
$hawkptah -> hit $446k , based on elonmusk's tweet
$nuts -> hit $430k
$larry -> hit $286k , Based on Larry Fink (CEO of BlackRock)

This week is looking like it's going to be VERY good

If majors continue to pump, there's going to be more quality launches

If you weren't locked in before, now's your chance 🔒

Grayscale launches a new private fund in “decentralized AI” which contains 5 cryptos:

1- $NEAR
2- $FIL (I would not have put it in this category)
3- $RNDR
4- $LPT
5- $TAO

https://x.com/grayscale/st...

Daily Memecoin Recap - July 13

Today was 10/10. You should not have touched grass

SO much volume, coins hitting raydium left & right, news from all different directions

Trump Gets Shot At Rally
$survivor -> hit $6 .11m, Trump survived
$fist -> hit $3m , "fist stays up", iconic picture of realDonaldTrump holding his fist up after getting shot at
$fight -> hit $2 .5m
$biden -> hit $260k , "biden the shooter"
- Someone tried to shoot Trump while he was mid speech at a rally. He got hit in the ear, but he's fine

Trump's Ear
$ear -> hit $15 .37m, "Ear Stays On", Trump got hit in the ear
$ear -> hit $690k , "Trump's Ear"
$ears -> hit $470k , cat with no ears
$mega -> hit $450k , "Make Ear Great Again"
$wifnoear -> hit $300k , $wif + $ear

Old Trump Coins Pumping
$tremp -> $38 .8m to $85m (2.19x)
$maga -> $700k to $2 .95m (4.2x)
$trump -> $730k to $2 .57m (3.52x)
$trump -> $45k to $700k (15.55x), "never surrunder"
$trumpie -> $150k to $445k (2.96x)

Fortnite Meta
$jonesy -> hit $1 .8m, iconic default skin in FortniteGame
- Pump fun was full of different fortnite characters
- Some GTA memes followed

Bill The Lion Goes Berzerk
$billion -> hit $2 .6m, CTO, crazy volume
- A few betas surfaced lions/tigers

More Cooks
$wolf -> $53m to $120m (2.26x), after downtrending, might be the start of a reversal (or just a deadcat bounce)
$sigma -> $1 .82m to $5m (2.74x)
$peipei -> hit $1m , chinese $pepe , has been done before
$kimchi -> hit $550k , "cabbage dog"
$remixio -> hit $510k , $retardio type NFTs
$trolls -> hit $460k , based on the movie

Usually weekends are dead but Today was the opposite

Which one of these did you catch? 👀

Daily Memecoin Recap - July 12

This week, volume was overall much better than last week. We had multiple million dollar runners

Play On Words Meta
$mob -> hit $8m , "money over bitches"
$wif -> hit $3 .3m, "wallahi I'm finished", CTO by some big names in the space
$mia -> hit $920k , "missed it again"
$btc -> hit $575k , "buy this cat"
- Fire meta

Make More Bread
$bread -> hit $1 .78m, just a loaf of bread

Cat Meta
$mongy -> $3 .56m to $11 .28m (3.17x), team continues to push
$bub -> $1 .26m to $4 .1m (3.25x), CTO based on a viral cat
$cult -> hit $1 .8m
$sad -> hit $870k , $relax dev (hit $1 .8m), heavily sniped once it hit raydium, KOLs involved
$smol -> hit $490k

Matt Furie Memes
$ducky -> hit $3 .6m
$floppy -> hit $970k , Matt Furie type meme
$mikkey -> hit $870k , "girls club", beta to Matt_Furie's "boys club"

More Cooks
$orc -> $2 .14m to $5 .72m (2.67x), based on Davincij15's tweet, bitget listing announced
$retiredio -> $54k to $400k (7.4x), $retardio beta, CTO
$bro -> hit $4 .3m, CTO led by trusted people, dog meme
$sigma -> hit $3m
$beast -> hit $2 .86m, coin based on MrBeast (not actually related to him)
$rent -> hit $994k , $landlord beta, launched on dexscreener's moonshot
$psyop -> hit $800k , vc chaotic asf, website links to CIA lol
$fade -> hit $260k , CTO, good meme

I miss seeing true communities form out of these memes

Weekends are for touching grass

Did you cook? 🍜

How to start restaking on symbioticfi

A 101 Explainer 👇

EigenLayer changed the game by introducing the restaking primitive to the Ethereum ecosystem, yet it was only a matter of time until challengers rose up and started trying to beat EigenLayer at its own game!

The big challenger making a big splash lately is Symbiotic, a new restaking protocol that aims to offer restakers more options beyond just ETH.

What Is Symbiotic?
Launched in June 2024, Symbiotic is a shared security protocol for network builders to create and manage their own staking implementations in a permissionless fashion.

In other words, Symbiotic lets networks customize their staking processes, collateral types, node operator selection, rewards, and slashing mechanisms, all while maintaining security through non-upgradeable core contracts on Ethereum.

Notably, Symbiotic is already the second-largest restaking protocol behind only EigenLayer. Yet unlike EigenLayer, which is centered around ETH, Symbiotic offers a wide array of collateral options for more flexibility.

How Does Symbiotic Work?
Symbiotic operates through the coordination of its five main pillars. These elements are as follows:

🪙 Collateral — The onchain assets used to provide economic security in Symbiotic. These can include ERC20 tokens, Ethereum validator withdrawal credentials, and other assets across various blockchains.
🛅 Vaults — These customizable components act as Symbiotic’s delegation and restaking layer. They handle deposits, withdrawals, slashings, and reward distributions.
🦸 Operators — The entities that run infrastructure for networks, such as validators and sequencers. Operators can opt into networks and receive economic backing from restakers through vaults.
⛑️ Resolvers — These are the entities or smart contracts tasked with passing or vetoing slashing penalties incurred by operators. They ensure penalties are fairly arbitrated.

Why Symbiotic?
It makes sense that there won’t just be one winner in the restaking category. And among the field of contenders, Symbiotic currently looks like the protocol best positioned to give EigenLayer a run for its money in the months ahead.

That said, if you’re generally bullish on restaking, then Symbiotic is a project to consider because it’s early, promising, and has plenty of potential to grow with its differentiation via ERC-20 support.

Of course, a Symbiotic airdrop is also a likelihood not to be ignored. EigenLayer has $EIGEN , and it seems inevitable that the Symbiotic Points system will be used to go a similar route in facilitating an airdrop of a native token to early users. Restake now; get paid later.

Lastly, there are some interesting Symbiotic integrations live today that offer double-whammy earning opportunities. One is
mellowprotocol, a liquid restaking token (LRT) project offering Mellow Points and Symbiotic Points to users who deposit into Symbiotic through its platform.

How to Restake on Symbiotic
If you’re interested in restaking on Symbiotic, head over to https://app.symbiotic.fi/r... and connect your wallet. Note that some regions are geo-blocked from accessing the front end.

On the main “Restaking” page, you’ll see the list of vaults for offer like the one in the picture below. Note that some vaults, like the Wrapped Lido Staked Ether (wstETH) one, have currently reached their temporary deposit limits, while other vaults, e.g., Coinbase Wrapped Staked Ether (cbETH), are still open for depositors.

So let’s say you have some cbETH, and you want to start staking. Simply click on the cbETH vault, which will take you to an interface like this:

By WPeaster ✍️

Solana-based Raydium Protocol flips Ethereum Uniswap in 24-hour trading volume.

Market Dominance: 23%

Grayscale conducted a survey to understand the opinions and interest of potential voters in investment, cryptocurrencies and perceptions of the financial system. Here are the key points:

Nearly half of American voters plan to include cryptocurrencies in their investment portfolio.

Concerns about inflation strengthen Bitcoin's potential as a hedge against inflation.

46% of voters expect specific policies regarding cryptocurrencies.

Coinbase campaign: Coinbase targets 15% of the population who owns cryptocurrencies and opposes any legislation to restrict them

https://www.grayscale.com/...

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

WHEN BULLSPADS IS LAUNCHED
YOU WILL NEVER SEE BULLVERSE AT THIS PRICE ANYMORE EVEN YOU PRAY HARD

🚨 Here is the TOP 20 tokens from Grayscale Research for the coming quarter:

Grayscale Research has selected 20 tokens with “high potential for the coming quarter,” selected with consideration of “upcoming catalysts, trending market themes, and token-specific fundamentals.” »

https://www.grayscale.com/...