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Daily Brief

The Superchain Won

gm Bankless Nation, the Superchain's network effects are compounding as new converts keep finding their way to Optimism.
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Oct 25, 2024 โ€ข 3 min read
The Superchain Won
Published on Oct 25, 2024
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NEED TO KNOW
Gov Crypto Heist?
  1. ๐Ÿ‡บ๐Ÿ‡ธ Hackers Appear to Return Millions in Stolen U.S. Gov Crypto Holdings. In a strange reversal, an assumed hacker has apparently returned $19M worth of stolen crypto.
  2. ๐Ÿ”ผ Traders Bet Bitcoin Hits $80K Regardless of Election Outcome. Some investors foresee bullish market momentum for BTC that defies politics.
  3. ๐Ÿ† For Bitcoin to Heat Up, Gold Needs to Cool Down. Gold's record-breaking pump could be signaling a new bitcoin surge.
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GO BANKLESS
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MARKET VIBES
ETH Depression

๐Ÿ“ธ Daily Market Snapshot: As the crypto sector holds its breath over a too-close-to-call presidential election with massive ramifications for the sector globally, ETH holders are feeling the pain as ETHBTC continues to find lower lows throughout another brutal week of price action.

Prices as of 5pm ET 24hr 7d
Crypto $2.29T โ†˜ 2.2% โ†˜ 2.1%
BTC $67,131 โ†˜ 1.8% โ†˜ 2.0%
ETH $2,485 โ†˜ 2.1% โ†˜ 6.0%
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ANALYSIS
The Superchain Won
Bankless Author: Jonah Roberts

Ethereum's weave of L2s has always been a little messy. But the top L2s have been fiercely battling over the years to entice developers to build into their respective interconnected ecosystems.

The dust is settling and top developer teams are continuing to choose a single player โ€“ Optimism's Superchain.

This article will break down who is building on the OP Stack and why the Superchain has won the battle for developer hearts and minds ๐Ÿ‘‡


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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.

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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