Solana Weekly: #19 - DeGods Out And A Crypto Crackdown

1. Solana Price Update: A review of the current price of Solana and its performance over the past week. Sitting at $20.09 with a high of 23.30 and low of 19. Not looking great.

   

2. Solana vs. Ethereum: Down to .01162, and the week looks like a steep decline from a high of .013.

3. Solana vs. Bitcoin: Sitting at .000749 from a high of .00082. So overall I would say that Solana is underperforming the market. Do we see a pump?

4. NFT Happenings: A roundup of the latest news, trends, and developments in the Solana-based NFT space. The biggest news is DeGods and y00ts are bridging! They are off Solana and are going to be punished if they don’t bridge. I don’t like that they are leaving and are all the sudden EVM maxi’s but that’s how Frank is going to to attempt to take over the NFT world. This leaves the door pretty open on Solana for other projects to take the spot. We’ve seen Famous Foxes pump, Clayno’s pump, Lily’s doing well, and we’ll see who wins. I think the whole community wins though because we don’t have to focus on the top projects on the blockchain trashing it. We now see projects getting noticed that are positive to the ecosystem. Monkedao passed their independence proposal and will be moving forward with the OMC mint of their new collection and within 2 months we will either be separated from SMB or the new owners. We need something, they were down real bad. Saw some sales in the 130 sol range, and nothing but fud on the timeline. Hoping that’s the end of that.

5. DAO’s - it’s interesting to think about DAO’s. We want NFT projects to be businesses, but not when they are too businessy. We want to have a say, but complain when it doesn’t go the way of the community. Should a community really be in charge of the project? These are all things we are seeing right now and I don’t know what the answer is. Nom from Monkedao has been super freaking zen on this almost to a fault. He’s letting the community make the big decisions and going with it. Not making aggressive pump it to the moon, but reasonable, well thought out statements. I like it, but also want my bags to pump. But what I like is that this is going to be beneficial in the long term and he’s not sacrificing any of the values of the project in order to do that.

6. End of Q1 and we will be getting our Solana Phones relatively soon. Quarter recap is one of resilience. No big players, just community. Bonk saved us and was community driven, I think the community that we have now is strong and we are seeing the good actors speaking up more. There has been so much negativity towards Solana, and I think only now are we seeing the community starting to fire back on the inconsistencies.

7. User focus: seeing a lot of people calling for a Bankless for Solana and I’m pumped for that. But it seems like it’s a bunch of the developers and project founders that are stepping up. This isn’t it, we need users as the promoters of the chain.

8. US Regulatory Crackdown: An overview of the recent regulatory crackdown on cryptocurrencies in the United States, discussing its implications for Solana and the broader crypto space. Binanace getting sued, Coinbase getting a wells notice and saying they will fight this.

9. Closing Thoughts: A summary of the episode's key takeaways and a look ahead at what to expect in the coming week in the Solana ecosystem. Regulators coming at us, top projects leaving, Solana still working better and projects are only getting more useful.