DeFi's Solana Embrace
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- 🥪 DOJ Charges Brothers in $25M MEV Exploit. Prosecutors argue brothers who 'sandwiched the sandwichers' guilty of wire fraud.
Read more on Bankless. - 🌞 Sonne Finance Suffers $20 Million Hack. The platform's native token plunged 55% following the attack.
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📊 Cooling Inflation. Crypto assets popped this morning off of key inflation signals from April. What did the data say, and why have markets interpreted it as a sign to buy?
| Prices as of 5pm ET | 24hr | 7d |
|
Crypto $2.38T | ↗ 5.9% | ↗ 4.8% |
|
BTC $65,840 | ↗ 7.0% | ↗ 7.0% |
|
ETH $3,022 | ↗ 4.6% | ↗ 2.7% |
Solana solidified its status as a top-tier blockchain after emerging like a phoenix from the ashes of the FTX/Alameda collapse.
In the community-led renaissance that followed, it was the sweat of Solana-native teams that greased the wheels of progress, but following a steady build of SOL prices and DeFi metrics, non-native protocols are ready to pounce on the opportunity.
Here are the ETH protocols looking to build on SOL 👇
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- 📱 Ephemeral Apps - Patrick Rivera
- ⛽ Multidimensional Gas Pricing - Vitalik Buterin
- ⬆️ How to Raise the Gas Limit Pt. 2 - Slivkoff, Konstantopoulos
- ⛓️ Welcoming L3s to the Superchain - Optimism Collective
- 🔮 Structuring Blobspace Futures - Tamara Tran
- 🐻 Berachain: Playground or DeFi Utopia? - Arnav Pagidyala
- ⚔️ Why 4337 and 3074 Authors Are Arguing - Derek Chiang
- 📈 Mastering State Growth - Nick Dodson
- 💻 Scaling Trust with Cryptography - Dmitriy Berenzon
Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?
Ether.fi was in the Bankless Airdrop Hunter, and you could have gotten into the latest drop by following our quests! There are nearly 100 other crypto protocols in Airdrop Hunter waiting for you.
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.
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