What’s up everyone, it’s Thomas Bahamas and you are here for another episode of Solana Weekly!
We got another banger of a week with appearances from Roaring Kitty on the way to making a billion, Jim Cramer shilling a Bonk ETF, to Iggy getting called out by Vitalik and Hayden only to dunk on them. Amazing, I’m loving it and it’s a great time to be a crypto enjoyer.
Sol price - 171 - Dumped to 160 after I recorded. (my apologies for marking the dump.)
SolEth - .04483 - flat
Solbtc - .0024 - down a bit.
Sold - 3.06
Bonk mentioned! Jim Cramer calls for a bonk etf with Gary Gensler on live television. Simply amazing.
Binance Smart Chain for white people
web 2 companies not integrating with web 3 or solana because it eats their margins and cannabilizes it's own markets.
This and the idea of the 80-90 that chamath runs where he can build you a similar company that’s 80% of what the competitor is for 90% less are the future. Businesses revenue will shrink incredibly and they will be forced to use the cheapest rails.
Modularity argument seems so annoying at this point. Seems like get users or do somethign?
Wormhole staking - EVM
Roaring kitty comes back
Jobs numbers a sham
Cloud - sanctum has released their plan for their token and I’m jacked up. They are releasing it early and they have a lot of hype, I think they got more than a billion in tvl and way quicker than they thought.
Coinbase - stock flying, released a smart wallet. Kind of has it all going for it.
Robinhood - buying bitstamp and probably going all in crypto soon.
Trump - recently came out that if trump gets elected expect btc at 150k. Okay, vote acquired.
Iggy and the legit crypto celeb? Seems like it, the shear amount of cope from eth seems like this is an obvious play. We had Vitalik come out and say some bullshit like this isn’t a unique use case and it’s not for the greater good. Hayden from uniseap also dunked.
Meanwhile she’s working for her bags. Active in a telegram, spaces, hilarious memes, going to do merch with her token. Seems genuine and now that it’s so hated it’s going so much higher.
I think she might have closed her only fans and is only using telegram now? Not sure if that’s confirmed or if her telegram is a porn thing because I’m not in it.
This and Toly debated an eth dev Justin drake on the Bankless pod and the guy sounded like a massive tool. My favorite line was when he talked about economic security that Eth has because shib has a 15 billion dollar market cap. These guys are extremely out of touch and I’ve never been more bullish on solana.
Eth is where you have a shitty user experience, bridge between l1 and l2’s, have one big market cap shitter, have aligned views, can only use the blockchain for aligned use cases .
Look, infrastructure aside, sol dominates the culture at this point. This is going to get out of hand and I’m here for it.
As our man raoul pal once said, don’t fuck this up. Keep the stack in spot staked sol, bonk, and 5 percent in the most risky and leveraged bullshit you can find that makes you smile.
Solana Weekly #72 - Maybe Iggy Can Save Us