ROLLUP: Solana’s MakerDAO & Visa Win | Base L2 Halted | Uniswap Court W | Justin Bieber NFT Drop

Is Maker Dow's Endgame on Solana? David, what are we looking at here?

Okay, so Ruin Christensen puts out this tweet that like rocked the Ethereum community. In the broader crypto world, I say, and he just says the last phase of Endgame is the launch of a native blockchain from Maker with code name New Chain. It will make the ecosystem more secure and efficient. After some research, I believe the Solana code base should be considered as the basis for New Chain. So the

It is the second Friday of September, and it is time for what, David?

Bankless Friday weekly roll up where we cover the entire weekly news in crypto, and that is always an ambitious endeavor. And Brian and I are squeezed for time today, so we're gonna go so fast through this agenda.

We're gonna go so fast. David's gonna take us again.

90 minutes.

Yeah. That's a promise. You can commit that to the blockchain. Settlement assurances. David, it's good to see you, man. Back from Burning Man. I'm glad you came back. I took away. Destroying some horror cruxes.

I

Do you hear the Twitter rumor? You're destroying horror cruxes? Oh, yeah. Every time you go away, something bad happens to Gary Gensler.

now

Like he loses a court case.

I'm aware of what happens.

So what are you really doing, my friend?

What am I really doing? Was I truly a Burning Man? How did I get back so soon from Burning Man while everyone else got stuck? What's the deal with that?

Yeah, and when are you going uh again?

You know, yeah, next question.

Do not have another trip planned that's not a crypto conference for a while. So Gary Gensler is gonna be he's gonna rest rest okay for now.

Well well when he's already

Alright,

Yeah, he is. Uh we're gonna talk about that. But w when you're gone, some things happened. So uh the first is Maker Dow, at least Rune Christensen, said the final stage of Endgame for Maker Dow is Solana.

mm-hmm.

Question mark? We're gonna talk about that. Uh what else we got going on?

Uh also in Solana World, Visa announces it's gonna settle USDC on Solana, while simultaneously this week the base layer two sees a halt in block production. Did Solana take the dub this week? Wow. Wow. Okay, but including to those dubs, Uniswap takes a dub in the courts, adding to the tally of crypto dubs and TradFi L's. And then also I did not see this coming, but Justin Bieber drops an NFT that I give two thumbs up for quality quality and integrity. It's a good Well, I didn't mint it. I'm not a Justin Bieber fan. I'm not not a Justin Bieber fan. Um, but uh this NFT is not like all the others. So we will talk about why this NFT is different and what it means for as a model for future NFT drops.

Oh good job, Beebs. Uh in advance. Guys, before we get in today, there's a message from our friends and sponsors over at That's it, man. You ready to get to the market?

I'm ready to get to the markets, yeah.

Okay, here we go. Bitcoin on the week. Tell us what are we looking at?

Everything is flat. Everything the whole the whole markets are flat. Sho should we call it good?

Nothing has happened.

So you're telling me yeah, Bitcoin's flat, ETH is flat.

We can just cut in last week's prices from last episode and it would be the exact same.

Man, pancake flat. I feel I feel like that's like been the last month or so. Last six weeks. I mean

We're we're we're we're incrementing downwards. Like Ether's low right now. Sixteen thirty, that is a low price.

Bitcoin at twenty five thousand eight hundred, that's a low price. Things are low.

Yeah. Are you feeling in the mood to buy?

I bought last week. I mean I bought I bought if I don't do anything, I buy because of recurring buys.

I mean anything below like 2K, but if we get below 1500 on Ether, that is like a buy zone.

Right, right, right. You you

Wait, wait, wait, wait. Do you think we could get back to triple digit, Eve, David?

shut move moving on.

Do you think we could get back to triple digit?

Below fifteen hundred is on the table. Like that's totally reasonable. Three digits is not on the table.

If we get to triple digits, then I called it, okay, and I never capitulated.

Uncalled

like

No uncallbacks. Alright? I called it once. That counts if it dips.

Alright, well, we'll see what's in store in this crab market. And thanks to Kraken as always for providing these glorious charts, even though nothing at all is happening on them. Uh here's some charts that things are happening on. This is on layer two beat. We got uh TVL going up. We got scaling factor going up. Let's see, let me look at the section.

It's down because the price is three and a half percent down. We're below ten billion dollars on on on layer twos.

All right. How about

How about hold your breath, it'll be back up above ten p ten billion dollars. So though my god, that tr activity chart is so good.

activities going

That makes me so happy.

going up?

Yeah.

Well, look at this. Uh Starknet had a big week this week, apparently. Here's an article from uh the Defiant Starknet activity surges on token speculation. So apparently um

somebody tweeted this out, maybe from the Starknet account. A uh a tweet that was then deleted about Starknet tokens. So there's some additional speculation going on.

There's no confusion that Starknet has the it's the Starknet token is minted. There is a contract address, it does exist. That's not what's being up for speculation. This story of how Starknet tokens becomes distributed is the unknown thing. And I think the reason why it's unknown is the Starkware org is not is hands-off, and they are totally giving it up to the foundation and some sort of just like community-decided governance about how to distribute the thing. And so, like, I think if you want alpha on Starknet distribution plans, like I'm pretty sure that information's public, you just have to go sift through forums to go.

They were I thought it would have been distributed by now. I thought they would have kind of

It is partially being distributed. There's not like unlike previous tokens with like retroactive airdrops, blah, blah, blah, blah, there's not like one distribution event. They are saying, like, okay, like we these people are good in doing valuable stuff. Let's give them some tokens. And then that gets distributed. And then, you know, repeat this process many, many times, and all of a sudden we have a liquid token. I don't think the token's liquid though.

It's definitely not liquid.

Yeah, it's not uh I don't think it's liquid. Anyway, we got L2 beat activity going up. At least that is going up on the week. Uh David, how many crypto millionaires do you think there are?