Solana Takes Action
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- 😬 ETH nears $3,000. Ethereum holders didn't have much to celebrate for the 4th of July as the asset took a 6% dive Thursday.
- 💰 EigenLayer competitor hits $1B in deposits. Lido-backed Symbiotic has reached $1B in deposits in less than a month as depositors back the protocol.
- 🔵 FRIEND is staying on Base. FriendTech may be planning a migration to its own chain, but its token is staying put after community backlash. The token has lost 50% in value just this week.
📸 Daily Market Snapshot: Bear market sentiment went full throttle on Crypto Twitter Thursday as both ETH and BTC posted big one-day losses, with BTC briefly dipping below $57K and ETH fighting $3,100.
| Prices as of 12pm ET | 24hr | 7d |
|
Crypto $2.12T | ↘4.7% | ↘7.4% |
|
BTC $58,165 | ↘3.2% | ↘5.4% |
|
ETH $3,144 | ↘4.6% | ↘8.8% |
If bringing crypto to the users where they are was a competition, Solana might just have won it with the introduction of Actions and Blinks – developer frameworks that bring crypto directly to any website on the internet.
Imagine scrolling Twitter, and spotting an NFT you've gotta have. Normally, that could set you off on a web3 odyssey where you have to step through the various unwieldy "standard" transaction steps to buy the NFT. But with Blinks, it's a single click.
This might all seem like a small, inconsequential thing, but it's a friction-smashing superpower.
Let's take a look at how Blinks are a major step in the right direction towards making crypto more user-friendly and why Solana leading the way in UX is a big deal 👇
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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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