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- 🆙 Base Blazes Ahead, No Brakes in Sight
🆙 Base Blazes Ahead, No Brakes in Sight
PLUS, Vertex Protocol's orderbook liquidity layer goes live
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GM! The air still has the fresh scent of BTC dropping below the $60k mark. Nevertheless, it’s great seeing fundamental projects like TAO, FTM, and TIA carving spots for themselves on the top gainers’ list. During the early Asian trading hours Wednesday, they were all up in the 10-15% bracket.
However, as the day progressed, screws were loosened and some gains were erased.
Irrespective of what’s been happening in the background, Base has been cooking. Over the past few days, it has been registering close to 5 million transactions on a daily basis. I say again, close to 5 million transactions. Let that sink in.
Other optimistic rollup projects are nowhere near Base. Arbitrum has been clocking in 1.5 million transactions every day, while Optimism’s number has been hovering around 575k.
Coinbase's commitment to Layer 2 scaling is yielding results and is re-molding the Ethereum scaling solution landscape.
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TAROT/AERO Aerodrome 1W
Decentralised lending and yield protocol Tarot is one of the top FTM ecosystem plays. It’s on Base (this pair is the Aerodrome option, has good liquidity) and a laundry list of other ETH L2s too.
Its price just reclaimed the yearly VWAP and Point of Control. If we consolidate around this level, I am planning to stack up. Weekly MACD is curling up. Alongside, the RSI has reclaimed 50. Both are good signals for a run to the top of those indicators.
Fantom has yet to really get going this cycle in terms of network participation, so steady buys on pullbacks could be the way to go here.
NFA as usual, please do your own research always.
Come by the Lucky Luke Discord channel for comments, to roast my picks or to pump your own bags. All banter is welcome any time!
Vertex Protocol's orderbook liquidity layer Vertex Edge has just gone live on Base. Qualified users now have access to more than 50 on-chain spot, perps, and money markets. Its one-stop orderbook liquidity spans across five chains — Arbitrum, Blast, Mantle, Sei, and Base.
Vertex was originally put to sea on Arbitrum in H1 2023 and has fostered over $110 billion in spot and perpetual market volume to date.
With Edge now rolled out, orders from one chain can be matched with others on another chain. The liquidity sync + allowing users to trade on a single DEX interface without requiring to jump from Chain A to Chain B could prove to be a game-changer for Vertex adoption over the long run.
The important bits.
Celestia’s first mainnet upgrade Lemongrass goes live
dYdX to roll out perpetual futures on prediction markets
Clearing Layer Everclear is now live on mainnet beta
SKALE-based social dApp SIRKL registers 4,105% UAW growth over the past month
Revert Lend’s decentralized lending platform for Uniswap v3 LPs goes live on Arbitrum
Even more important bits.
Switzerland's SIX considers launching a crypto exchange
Google Cloud launches Ethereum-compatible blockchain RPC service
South Korea and Hong Kong dominate East Asia's crypto boom
Revolut intends to issue its own stablecoin
CleanSpark buys 2 BTC mining sites in Mississippi for $5.775 million
Life gets busy so here’s what you’ve missed.
The Real Truth About Modular Scaling and the Future of Crypto
Podcast
Grant and 563 host Andy to delve into the nuances of modular scaling, execution environments, and user experience (UX). They also touch on the importance of changing the execution layer, the need for more infrastructure, and the challenges of user experience.
To save you doom scrolling.
Buterin took Sing-a-pore too seriously!
Republicans have penned a letter to Gensler asking him to clarify the regulatory treatment of airdrops.
The SEC’s approach to regulation is muddled — it’s like asking a broken compass for directions. You tell me, how can it possibly provide clarity when it’s lost in its own mess?
strap up and sit tight homies,
Lavina 🫡
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