Welcome to my daily digest! Below you'll find some of the top upcoming narratives and a look at the days biggest news.
Eigenlayer Unlocks Staking Again
Eigenlayer unlocks again. This time with no caps. So far Eigen has inflows of 1.6M ETH (dwarfing even $BLAST)
Just be careful! No LST can emit more than 33% of all points, so if $STETH exceeds that number it’ll reduce the total points any individual staker receives. Your best bet is to stake with less popular LSTs.
Coinbase Takes a Dive
With chance of a March rate cut dwindling, growth stocks took a dive and Coinbase was no exception. A lot of the expected bull market hinges on rate cuts coming and $COIN will be responsive to those movements over the next few quarters.
Bittensor Continues Crushing
$TAO reaches an ATH the same day $NVDA does. But of course it would because it's cryptos best AI coin. If you're looking for narratives I don't know a single one more darling than AI. You should see the absolute bullshit people write about crypto X AI. Incredibly bullish.
Farcaster is Up (and Down)
Farcaster continues to onboard CT breaking a stunning 50k DAU. Are there airdrop farmers sneaking in? Sure. Is it legitimately fun and a breath of fresh air from scam ads on Twitter? Absolutely. Huge shout out to the /replyguys for being the best home on farcaster for new transplants.
A New Token Approaches (ERC404)
ERC404 is an experimental token standard that mixes both ERC20 and ERC720. It can be both token and NFT depending on the holder. If you've been trading on Solana recently this can be best related to the SPL20s that have floated around the past few weeks. It's a new narrative on ETH and it's taken off like a rocketship because of it.
