The Daily Index — Tuesday, June 4, 2024 · TLDR Index

GENERAL

TLDR Crypto

TLDR Crypto

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TLDR Crypto

SOLANA SEES ~500K TOKENS LAUNCHED IN MAY

About half a million tokens were launched on Solana in May, driven by the increasing popularity of memecoins and facilitated by intuitive, user-friendly platforms like Pump.fun. This surge is a reflection of Solana's high throughput and low transaction costs, thus positioning it as a leading blockchain for new token initiatives.

theblock.co · 4 min

TLDR Crypto

COINBASE WALLET INTRODUCES TEXT-TO-SEND TOKENS

Coinbase Wallet has introduced a feature to send tokens via text to kick off its Onchain Summer initiative. Recipient phone numbers will receive a link to claim the tokens, which will be returned to the sender if not claimed in 2 weeks.

threadreaderapp.com · 1 min

TLDR Crypto

A FEW THINGS HAPPENING IN JUNE

The Taiko, Blast, zkSync, and AO airdrops are confirmed to occur this month. Coinbase will release its smart wallet on June 5, and the FET, AGIX, and OCEAN tokens will merge into ASI on June 13. Macroeconomic news includes the unemployment rate on June 7, inflation numbers and an interest rate decision on June 12, and the presidential debate on June 27.

threadreaderapp.com · 1 min

TLDR Crypto

BEST MOMENTS OF GAVIN WOOD X VITALIK BUTERIN

Gavin Wood's new JAM initiative takes a different approach to blockchain scaling by admitting that a base layer does not need to split computation between different sources. He believes Ethereum's strength comes from moderate governance and a lack of internal strife. Both Ethereum co-founders agree that the base layer should be minimal and opinionless. To build an ecosystem, focus on the intersection of community and tech, specifically tech that supports multiple approaches to doing something.

threadreaderapp.com · 2 min

TLDR Crypto

ETH ETF EXPLORATION

Experts predict varying levels of inflows into the anticipated Ethereum ETFs, with estimates suggesting inflows could range from $1 billion to 50% of Bitcoin ETF inflows during the first four months. This increased market participation is expected to significantly impact Ethereum's price, potentially increasing it more substantially per billion invested compared to Bitcoin, due to factors like its smaller market size and deflationary supply dynamics since the Merge.

threadreaderapp.com · 3 min

TLDR Crypto

RISKS USING KAMINO FINANCE

Concerns are growing about the risks associated with Kamino Finance's Multiply product, particularly after the launch of JupSOL and the promotion of its seemingly attractive 40% APY with no depeg risk. Despite the high user influx, the sustainability of these returns is questionable, as the effectiveness of Multiply depends on the borrowing interest rate for SOL being lower than the APY on the staked tokens, a balance threatened by increasing SOL pool utilization which could lead to negative APYs and potential liquidations for users.

threadreaderapp.com · 2 min

TLDR Crypto

WHY ARE THERE SO MANY L2S COMING OUT?

The main differentiation between L2s and L1s is their ability to modify their VM and experiment with new architectures, allowing for programming in different languages, greater safety, or more throughput.

threadreaderapp.com · 2 min

TLDR Crypto

BINANCE ACCOUNTS POTENTIALLY COMPROMISED BY AGGTRADE

A Google plugin promoted by some on Crypto Twitter has compromised at least 1 Binance user.

threadreaderapp.com · 1 min

TLDR Crypto

MAIN DIFFERENCE BETWEEN ETHEREUM AND SOLANA

While Solana is a cheap and performant blockchain, Ethereum is an infrastructure primitive allowing for the creation of any verifiable system, including blockchains.

threadreaderapp.com · 1 min

TLDR Crypto

L2 ONCHAIN PROFIT EARNED IN MAY

Base earned the most in onchain profits last month out of all the Ethereum L2s at ~$7M, followed by OP Mainnet, Scroll, Arbitrum, and Linea.

threadreaderapp.com · 1 min