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On today's issue:
Solana Firedancer
Starknet Staking
Coinmarketcap research report
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Solana Firedancer
On Wednesday, Firedancer, the all awaited Solana client built by Jump crypto had it’s first block accepted on Testnet. Even thought it had to shut down due to synchronization issues, it worked.
Firedancer introduces sharding support, which in turn increases network throughput.
Firedancer enhances Solana’s TPS to 1M, from the current 3k. Compared to Ethereum‘s 22.
Anatoly announced there’s a high chance that Firedancer is up on Mainnet before Solana’s breakpoint conference in September. If/when this happens, expect a lot of price action, buckle up.
Over the past few weeks, multiple entities have been on the verge of selling high amounts of BTC, and yesterday it happened. Germany, US and Mt. Gox have all signaled high amounts of selloffs, total 7,000 BTC and triggering a sell pressure that made BTC go to $54k.
Read More
Starknet Staking Proposal
Starknet, the 4th largest L2 roll up with 1.2B in TVL, is finishing up details on the proposal to allow for native staking on its protocol. This would be up on Testnet, and on Mainnet by Q4. It’s a big step for zk-driven networks as they have higher throughput of transactions and pioneering new technologies.
Read More
Coinmarketcap Research Report
One of crypto’s largest consumer apps, Coinmarketcap, has released its H2 research report. There’s a lot of highlights.
Meme coins are #1 in terms of views on the app at 22%, followed by Solana ecosystem at 15%, and then Ethereum ecosystem at 10%
Cross-chain bridging volume is evenly distributed across the top 5 protocols. There’s between 100-400M daily volume. Circle’s CCTP dominates, followed by Across, IBC, Stargate, and others.
The stablecoin market cap grow from 91B at the start of the year to to 112B. The introduction of Ethena’s USDe created a new category of delta neutral yield bearing stablecoins.
So far this year, the L1 competition has been heated. The top losers have been Polygon, Avalanche and Aptos, while top winners include BNB, ETH, SOL and TON. It might be a good idea to bet on the new generation of L1s pioneered by Sui and Aptos, which are nearing all time lows.
Lots of more insights in the report. Highly recommend giving it a read.
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Disclosure: All content published is for informational purposes only, and does not constitute any sort of financial advice.
