Price Discovery Board: @GRVT_io $GRVT
#GRVT trading began today at 12:00 UTC and has raised $33.3 million in funding. This board uses benchmark data from other #Perp #DEXs (such as @GMX_IO, @edgeX_exchange, and @Lighter_xyz) to compare potential Final Price (FDV) scenarios.
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ARK Invest
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Solana Needs New Momentum: Why I Think It's in a Difficult Position
Solana's core goal, and indeed its entire culture, has always been to create a unified market that operates at the fastest speed, settles trades the fastest, and discovers prices the most promptly.
The problem is that, in the medium to long term, I believe Solana faces challenges in almost every major growth area of cryptocurrency.
Spot Market
Robinhood has begun to erode market share, and Uniswap has successfully regained some as a result. Meanwhile, Solana's liquidity appears to be increasingly fragmented.
While there are proprietary AMMs like BisonFi and Tessera, established exchanges like Raydium and Orca are no longer competitive, and some token charts are abysmal. I know many people were once very optimistic about proprietary AMMs, but even compared to query systems, liquidity-centralized AMMs still account for the vast majority of liquidity, not to mention traditional order books.
Derivatives
This should have been Solana's territory, but Hyperliquid has taken over the entire market.
It's a real shame Drift was hacked, given the significant progress the team had made. Bullet was also expected to be a contender, but I'm not sure about their current situation. Phoenix seems to be the only option right now, but its trading volume is far below that of top exchanges.
In fact, cryptocurrency derivatives trading is currently primarily concentrated on Hype and Lighter.
Solana currently lacks appeal in this area, which is worrying considering the central role derivatives play in its overall trading philosophy.
RWA (Risk-Weighted Assets)
Of the approximately $30 billion in tokenized RWA, only about $1 billion is on Solana, meaning it doesn't even crack the top three.
I think it will be difficult for Solana to pull traditional RWA away from the Ethereum and broader EVM ecosystem. Tokenized stocks, especially derivatives of tokenized stocks, are perhaps the most crucial opportunity for Solana to capitalize on.
But unless Tradexyz makes a major misstep, it's hard to imagine Solana gaining significant market share in the medium term.
Prediction Markets
I think Solana might have an advantage in this area, but as far as I know, there's been no progress at the moment, and all the activity is focused on @Kalshi and @Polymarket.
Launchpad and Memecoins
Even in the Launchpad and memecoin space, @RobinhoodApp boasts a massive user base large enough to eventually crush Solana. In fact, judging by Launchpad trading volume, Solana has already ceded a considerable market share to Robinhood.
Investor Community
From an investor's perspective, the outlook is also uncertain. @multicoin clearly still holds a significant stake in Solana, but @KyleSamani is arguably Solana's most active and powerful advocate. However, as he no longer dominates the company's public relations and investment philosophy as much as before, confidence in Solana seems to have waned.
Multicoin appears to be increasingly aggressive in promoting ZEC, HYPE, and other tokens. This is crucial because Solana has historically benefited from a highly influential crypto fund acting as an external evangelist and think tank.
There are still many investors who align with Solana's philosophy, but it's becoming increasingly unclear who is playing that role and who is building the next major investment around the ecosystem.
In short,
There are still many talented teams in the ecosystem. @Backpack and @armaniferrante are definitely industry leaders. I believe @buffalu__ and the JTX team are building a truly excellent product.
However, @solana seems to have entered a more engineering-oriented phase: improving chain performance, rebuilding parts of the market structure, and finding a new generation of founders.
There are many interesting products with relatively small market shares, but @solana needs a spearhead. A groundbreaking application or vertical that can powerfully bring transaction activity back to the ecosystem.
It may also need a new generation of investors and advocates who can reshape @solana's vision around a grander idea, not just limited to faster block generation times and the success of the previous cycle.
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Cointelegraph
07-29 03:10
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⚡️Insight: Lighter reiterates that all economic value will belong to LIT token holders, as it supports tokenized equity under the proposed CLARITY Act.
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梭教授说
07-28 09:37
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7.28 All-in Morning Report:
Has the storage market rally ended, folks? Why are Hype's storage stocks experiencing a collective price spike? How do we handle this? Price spikes are truly a unique secret of the crypto world!
1. $BTC has gone straight back to where it came from. Is this the legendary "going back to where it came from"?
2. Yesterday, everyone was asking what was going on with the world computer's pump and dump of ETH, but today it's back down.
3. ETH is truly showing signs of being ignored.
4. Trump: Has enough patience to reach a new agreement with Iran, otherwise war will break out.
The great god of candlestick charts.
5. A South Korean trading platform triggered the KOSPI index side-trading mechanism, suspending algorithmic trading for 5 minutes.
South Korean trading time is only heaven and hell.
6. The Ethereum Foundation disclosed its security practices of using AI agents to review protocol code, shifting the focus of the AI x Crypto narrative to infrastructure security.
7. SEC Commissioner Peirce reiterated: On-chain technology does not automatically exclude the application of securities laws; Vaults and yield strategies need to be examined in terms of legal structure.
8. US spot BTC/ETH ETFs recently disclosed net outflows, indicating that institutional spot demand has not yet recovered.
9. Circle acquired IBM's blockchain patent portfolio, expanding its moat for stablecoins and on-chain financial infrastructure.
10. The Fed's interest rate meeting will be held today and tomorrow, officially opening the window for macroeconomic volatility.
11. K3 Capital 11. Announced partnerships with Galaxy and Accountable to launch an institutional yield vault;
12. Castle Securities: Fed Chairman Warsh may unexpectedly raise interest rates this week to strengthen its anti-inflation credibility;
13. Tom Lee stated that Lighter is crucial to Ethereum infrastructure;
Interesting, is this paid order placement?
14. Pennsylvania bill proposes to ban gambling companies from making market-making deals for prediction markets;
Market makers in prediction markets are the biggest liquidity providers;
15. Ondo launches a new execution network, called 'the evolution of Ondo Chain';
Logically, all the positive news is for selling off, since it has no effect on the token;
16. Aave: Stable Vaults have passed Certora formal verification;
-------------- This Robin Hood is similar to BSC, both are just chasing profits. People on RB can manipulate the price by following, liking, forwarding, and commenting, and it's really difficult to play, it's all about launching platforms.
#Bitcoin #Ethereum #Solana #Crypto #Nasdaq
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Ethereum Daily
07-27 13:30
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Bullish on Ethereum
Bullish on @Uniswap
Bullish on @aave
Bullish on @LidoFinance
Bullish on @ether_fi
Bullish on @sparkfinance
Bullish on @Ondo
Bullish on @ethena
Bullish on @Morpho
Bullish on @maplefinance
Bullish on @Lighter_xyz
Everything you need in the cryptocurrency space is already in the Ethereum ecosystem.
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Rekt Capital
07-25 19:57
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I've released a new altcoin briefing 🔥
I'll be sharing charts and analysis for 6 altcoins
These altcoins are $TAO, $IO, $ASTER, $LIT, $TIA, and $UNI
I release this altcoin briefing every Friday
Click here to register and read:
#BTC #Crypto #Bitcoin
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Rekt Capital
07-25 06:49
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I've released a new altcoin briefing 🔥
I'll be sharing charts and analysis for 6 altcoins
These altcoins are $TAO, $IO, $ASTER, $LIT, $TIA, and $UNI
I release this altcoin briefing every Friday
Click here to register and read:
#BTC #Crypto #Bitcoin
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Route 2 FI
07-24 22:51
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Trading volume on Variational has been steadily increasing recently.
If you like Hyperliquid and Lighter, you'll definitely like @variational_io.
The current points program is quite good, and if you believe airdrops will be generous, it's worth farming points. Points are currently priced at $22 per point. In my experience, you can earn approximately 1-2 points per $100,000 of trading volume, but this varies depending on factors such as the number of users, asset class, and your trading style.
Lighter currently has over $2 billion in trading volume, and Variational's open interest is also higher than Lighter's. Based on this, I think we can reasonably expect Variational's initial offering price to be similar to Lighter's. There are rumors that Variational's token will be issued in the fourth quarter, meaning we have about 3-4 months to go.
Use my referral code to get an extra 12.5% points bonus:
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Ethereum Daily
07-23 18:21
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The next bull run in cryptocurrencies may be linked to the shift of trading to on-chain.
Robinhood is one of the most obvious examples.
Users in 120 countries can trade tokenized stocks 24/7.
They can also use DeFi platforms:
- Swap on @Uniswap, @PancakeSwap, and @SushiSwap
- Lending on @Morpho and @sparkfinance
- Trading on @Lighter_xyz and @arcus_xyz
- And many more projects.
The next bull run may belong to companies that allow real users to experience cryptocurrencies without making them feel the true nature of cryptocurrencies.
Robinhood is exactly that.
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Artemis
07-22 01:33
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Robinhood Chain launched three weeks ago and has already attracted over $500 million in inflows. One of its most powerful strategies is its lending layer.
@RobinhoodApp Earn offers deposits backed by @Morpho with annualized yields up to 7% USDG and is integrated into the main Robinhood app. This allows its more than 27 million users to start earning yields with just a few taps. Morpho's on-chain deposits have surged to $222 million, a 74% increase in just the past week, and the Earn feature hasn't even reached all users yet.
It's this yield product that brings funds on-chain.
These funds support a broader strategy—tokenized stocks. As liquidity brings even more liquidity, stock tokens can be traded 24/7 on @Uniswap and used as collateral on the @Lighter_xyz platform.
Therefore, the user experience is incredibly convenient, with everything done with a single click, all within the Robinhood ecosystem.
Source: @artemis