Solana's Real-World Expansion
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- 🧑⚖️ The SEC is staying busy. America's securities watchdog is potentially backing down on Binance, and it just slapped the BitClout founder with fraud charges.
Read more on Bankless.com - 🐳 Compound negotiates peace. In the wake of a governance crisis, crypto lending protocol Compound has negotiated with a COMP whale voter to stop a controversial proposal.
Read more on Bankless.com - 🐹 Hamster Kombat ramps up. The hit Telegram game just published its whitepaper, which revealed token plans and how the title now has 300 million players.
Read more on Bankless.com
📸 Daily Market Snapshot: Bitcoin continued its skid, dropping below $66k this morning after slipping below $67k yesterday in the wake of a $2 billion U.S. government BTC transfer spooking the market. We'll see if this streak continues into the week, but for now, the downward weight from the top seems to have squeezed the other crypto majors, with ETH down 1.2% and SOL down 4.9% on the day.
| Prices as of 4pm ET | 24hr | 7d |
|
Crypto $2.36t | ↘ 2.1% | ↘ 1.3% |
|
BTC $65,814.85 | ↘ 2.2% | ↗ 0.4% |
|
ETH $3,267.21 | ↘ 1.2% | ↘ 5.8% |
Alongside the recent ETFs surge, stablecoins and real-world assets (RWAs) have posed some of the strongest paths to mainstream crypto adoption.
And while Ethereum and Tron reign as top stablecoin hubs, Solana is joining these ranks, with new integrations coming into focus. Plus, RWA activity is increasing on the network through projects like Ondo's USDY and Maple Finance's Jito partnership.
Accordingly, today's article dives into all these developments to understand the momentum Solana has achieved in becoming a promising center for stablecoins and RWAs.
Can the chain go on to gain major ground in these sectors like it has with memecoins? Let's see! 👇
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- 🌐 EigenLayer AVS Ecosystem - Eda
- 🔒 Avoiding Account Takeovers - Fred Wilson
- 🧭 From DAOs to Network States - Graham Novak
- 😎 The Story of Gifting Vitalik Noggles - Chris Carella
- ⚔️ Anatomy and Antidote for Compound War - Blockful
- 🤖 The Convergence of Web3 and AI by NEAR Protocol - lefttoorz
- ⛓️ Rollup Considerations of Based Preconfirmations - Taiko Labs
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