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Solana Takes Action
Published on July 4, 2024 πŸ‡ΊπŸ‡Έ
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NEED TO KNOW
Ether Sinks Deeper
  1. 😬 ETH nears $3,000. Ethereum holders didn't have much to celebrate for the 4th of July as the asset took a 6% dive Thursday.
  2. πŸ’° EigenLayer competitor hits $1B in deposits. Lido-backed Symbiotic has reached $1B in deposits in less than a month as depositors back the protocol.
  3. πŸ”΅ FRIEND is staying on Base. FriendTech may be planning a migration to its own chain, but its token is staying put after community backlash. The token has lost 50% in value just this week.
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MARKET VIBES
Doom and Gloom

πŸ“Έ Daily Market Snapshot: Bear market sentiment went full throttle on Crypto Twitter Thursday as both ETH and BTC posted big one-day losses, with BTC briefly dipping below $57K and ETH fighting $3,100.

Prices as of 12pm ET 24hr 7d
Crypto $2.12T β†˜4.7% β†˜7.4%
BTC $58,165 β†˜3.2% β†˜5.4%
ETH $3,144 β†˜4.6% β†˜8.8%
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ANALYSIS
Solana Takes Action
Bankless Author: Arjun Chand

If bringing crypto to the users where they are was a competition, Solana might just have won it with the introduction of Actions and Blinks β€“ developer frameworks that bring crypto directly to any website on the internet.

Imagine scrolling Twitter, and spotting an NFT you've gotta have. Normally, that could set you off on a web3 odyssey where you have to step through the various unwieldy "standard" transaction steps to buy the NFT. But with Blinks, it's a single click. 

This might all seem like a small, inconsequential thing, but it's a friction-smashing superpower.

Let's take a look at how Blinks are a major step in the right direction towards making crypto more user-friendly and why Solana leading the way in UX is a big deal πŸ‘‡


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TAKE ACTION
What We're Doing

Each week, Citizens get a curated list of market opportunities that the Bankless team is watching. As a free subscriber, you're missing out! πŸ‘‡

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GO BANKLESS
Don't Miss Another Airdrop!

Thousands of Bankless Citizens scored an average of $3,500 worth of tokens after Ether.fi's airdrop. Did you miss out again?

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