If only there were a “Hub” (or a ‘Town’) where you can get all your: crypto news, information, analysis, community sentiment, etc in one place? (Countdown: 7/7)
🚀 Week in Solana: Down Bad Everywhere, Can 80% Inflation Cut Save SOL?
$485M outflows in February! DEX volume plunges 26%! Validators vote to cut inflation 80%!
Let's examine Solana's brutal week 🧵
1/6
📈 Market Overview:
SOL plummets 8% to $124. Market cap falls to $63.16B. TVL sinks to $6.63B, lowest since November. Active addresses drop to 3.8M. DEX volume collapses 26% to $14B.
2/6
🌐 Cross-Chain Comparison:
SOL's decline matches ETH (-9%), outpaces BNB (-3%). Bitcoin falls below $77K before recovering to $81K despite White House Crypto Summit. SOL's 24h app revenue outperforms ETH & TRON combined.
3/6
BTC drops to $92K on FOMC news, rebounds to $99K by Christmas. Crypto market cap falls ~1% to $3.6T 📉
Let's dive into this week's crypto action 🧵
1/6
📉 Market Overview:
BTC down 2.50%, ETH down 3.86%. Total market cap at $3.6T. $655M longs liquidated Friday. Funding rates remain low. S&P 500 up 1.68%, Nasdaq up 1.65%.
2/6
📰 Narrative of the Week - Hyperliquid Concerns:
DPRK-linked wallets spotted interacting with protocol. Bridge secured by only 4 validators; team plans expansion to 16 validators.
3/6
Using interesting findings from our data with collaborations from other research entities, we analyze what happened in 2022, and what the #crypto key theses are going into 2023.💪
🔹How DeFi UX/UI improves to bring more new #crypto users into the sector
🔹How both education and infrastructure will grow
🔹Whether #DEXs can eat significantly into #CEXs market share.
With the coming #ETHMerge, this report looks at the Beacon Chain performance, and introduces a suite of new metrics to help understand the #ETH#PoS system 👇