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THE DAILY INDEX

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TLDR Crypto

FOLLOWING UK EXPANSION, ROBINHOOD BRINGS CRYPTO TRADING TO EU

Robinhood is launching its crypto trading app to all eligible users across the EU, marking a significant step in its international expansion. This move took place a week after the firm’s debut in the UK. Robinhood Crypto will be in compliance with the EU's comprehensive crypto regulation framework. This expansion marks a change in tone after Robinhood delisted tokens like Cardano, Polygon, and Solana earlier in the year.

MAKING DEFI FRONTENDS GREAT AGAIN THROUGH LAPPS

This thread highlights the idea of lApps or local apps. lApps are frontends meant to be run privately on individual users’ local machines, offering stronger security, quick loading, no forced updates, and no frontend fees. lApps operate through third-party software, like browser extensions or desktop applications. The idea is for users to access DeFi projects on their own devices independent of external web servers through a simple click on a link. While the exact implementation is still to be determined, this is an innovative approach to web3 frontends.

WORMHOLE QUERIES LAUNCHES, BRINGING ON-DEMAND ACCESS TO ON-CHAIN DATA TO APPS ON ANY CHAIN

Wormhole has launched Wormhole Queries, a service aimed at simplifying app development through a decentralized system for instant cross-chain data retrieval. This latest innovation improves upon Wormhole's traditional "push" attestation model by reducing latency and data access costs significantly. Its flexible method promises simplified cross-chain development, rapid requests, cheaper gas fees, and flexible data retrieval. Expected use cases include DeFi platforms, gaming, and cross-chain digital identity.

FUTURE OF SOLANA'S HYPED SAGA PHONE IS 'UNDER INTERNAL DISCUSSION' AS SALES FIGURES FAIL TO WOW

The future of Solana's Saga Phone remains uncertain due to underwhelming sales, according to the company's founder Anatoly Yakovenko. The smartphone, which targets the blockchain industry, apparently requires a 25-50K user base to incentivize app developers. Yakovenko mentioned the growth of Progressive Web Apps and pass keys as significant factors narrowing the distinction between regular and specialized smartphones, potentially impacting Saga Phone's demand.

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