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Daily Brief

Base Picks Up Pace

gm Bankless Nation, amid friendlier markets, crypto's degens are bidding up new projects, new memecoins, and new contrarian bets.
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Sep 27, 2024 β€’ 3 min read
Base Picks Up Pace
Published on Sep 27, 2024
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NEED TO KNOW
Base TVL Surges
  1. πŸ”΅ Coinbase's L2 Base Hits $2B TVL. Base's total value locked is up 40% this month.
  2. 🏹 Robinhood Joins Other Fintechs Exploring Stablecoin Launch. The popular trading app could be getting into the stablecoin business.
  3. πŸ₯­ Mango Markets Settles SEC Charges. The DeFi platform and its DAO were required to pay a $700K penalty and destroy their MNGO tokens.
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GO BANKLESS
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MARKET VIBES
Memes Are Back

πŸ“Έ Daily Market Snapshot: Like clockwork, it's memecoin season yet again. After a strong couple of weeks of price action, heavyweights like PEPE, BONK, and NOT are mounting big run-ups today, all while newcomers like Solana's baby hippo-themed MOODENG, up 760% this week, blaze their own trail.

Prices as of 5pm ET 24hr 7d
Crypto $2.32T β†— 1.3% β†— 5.2%
BTC $65,843 β†— 1.4% β†— 4.1%
ETH $2,696 β†— 2.2% β†— 5.8%
AERO $1.16 β†— 9.5% β†— 41.4%

🌈
New Token Rating: Aerodrome has continued to rip this week, compounding its gains to an epic 150% off the September lows. Is there a buying opportunity?
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LEARN
Lido's Opportunity

Earlier this week, we dug into how renewed conversations around Ethereum's execution abilities could spell promising returns for Lido investors.

Now, we've updated our free Bankless Guide for the liquid staking platform to give you the full rundown of why Lido exists and the opportunity it represents.

Dig into the free guide πŸ‘‡


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INVEST
This Week's Yield Opps

Each week, Citizens get a curated list of yield opportunities that the Bankless team is watching. As a free subscriber, you're missing out! πŸ‘‡

Not financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This newsletter is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here.

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