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DeFi's Solana Solana Embrace
Published on May 15, 2024

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NEED TO KNOW
Illegal Sandwich
  1. 🥪 DOJ Charges Brothers in $25M MEV Exploit. Prosecutors argue brothers who 'sandwiched the sandwichers' guilty of wire fraud.
    Read more on Bankless.
  2. 🌞 Sonne Finance Sonne Finance Suffers $20 Million Hack. The platform's native token plunged 55% following the attack.
    Read more on Bankless.
  3. 👔 Does Vanguard's New Bitcoin Bitcoin Bull CEO Signal Shift? Former BlackRock exec Salim Ramji takes the helm at the crypto-skeptical asset manager.
    Read more on Bankless.
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TODAY IN MARKETS
Crypto Rallies Off Inflation
Bankless Author: Jack Inabinet

📊 Cooling Inflation. Crypto assets popped this morning off of key inflation signals from April. What did the data say, and why have markets interpreted it as a sign to buy?

Prices as of 5pm ET 24hr 7d
Crypto $2.38T ↗ 5.9% ↗ 4.8%
BTC $65,840 ↗ 7.0% ↗ 7.0%
ETH $3,022 ↗ 4.6% ↗ 2.7%
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ANALYSIS
ETH’s DeFi Scene Eyes Solana
Bankless Author: Jack Inabinet

Solana solidified its status as a top-tier blockchain after emerging like a phoenix from the ashes of the FTX/Alameda collapse.

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In the community-led renaissance that followed, it was the sweat of Solana-native teams that greased the wheels of progress, but following a steady build of SOL prices and DeFi metrics, non-native protocols are ready to pounce on the opportunity.

Here are the ETH protocols looking to build on SOL 👇


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Not financial or tax advice. Bankless content 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 we may add links in this newsletter to products we use. We may receive commission if you make a purchase through one of these links. Additionally, the Bankless team hold crypto assets. See our investment disclosures here.

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