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Daily Brief

Solana's Builder Momentum

gm Bankless Nation, Solana's builders were riding high at Breakpoint. Today, we dig into the narrative developments on Solana seeing the most action.
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Sep 24, 2024 • 3 min read
Solana's Builder Momentum
Published on Sep 24, 2024
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NEED TO KNOW
EIGEN Going Live
  1. 🇺🇸 EigenLayer Plans to Enable EIGEN Trading Next Week. After two phases of 'stakedrops,' it's finally almost time to see how EIGEN fares on the market.
  2. 🟣 Celestia Foundation Raises $100M. The raise led by Bain Capital Crypto comes amid a recent price run-up for TIA.
  3. 🤑 TrustToken and TrueCoin Settle with SEC. The entities behind TUSD are in hot water over alleged mischaracterizations of the stablecoin's backing.
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MARKET VIBES
Crypto AI Bounces Back

📸 Daily Market Snapshot: Modest gains for top tokens like ETH this week paled in comparison to the gains seen by Bittensor's TAO token, which is up 75% in the past week. TAO ecosystem developments alongside broad excitement for the AI sector amid OpenAI's recent product launches are likely powering the upward swing, which is also lifting Render's RNDR token 31% week-over-week.

Prices as of 6pm ET 24hr 7d
Crypto $2.26T ↗ 1.6% ↗ 8.7%
BTC $63,346 ↗ 1.7% ↗ 6.8%
ETH $2,654 ↗ 0.2% ↗ 13.4%
TIA $6.62 ↗ 0.8% ↗ 26.7%
🟣
New Token Rating: TIA pumped 20% on yesterday’s news that the Celestia Foundation had raised $100M. Why are some fading this rally?
Unlock TIA on Token Hub
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ANALYSIS
Building Solana's Path to Ubiquity
Bankless Author: David C.

Despite only running for a couple days, Solana’s Breakpoint brought the vibes.

The flagship conference hosted a storm of major Solana-related announcements that fueled a number of the chain’s top narratives, all while servicing the broader claim among Solana's community that the network remains the best chain for everyday use.

Let's dig into some of the top claims and see where Breakpoint's builders delivered on bolstering their narrative heft! 👇

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LEARN
What We're Reading

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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