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ROLLUP: Steph Curry & Tom Brady FTX | Crypto Regulation & SEC | Solana & Arbitrum

Bankless

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State of Decentralized Finance and Ethereum's Ecosystem

This chapter explores the current performance of decentralized finance (DeFi) tokens against Bitcoin and Ethereum, noting the recent all-time high of total value locked in DeFi despite a price decline. It discusses the emergence of Ethereum layer two solutions, their cost-effectiveness, and the impact of ETH burn rates on the network's monetary policy. The conversation also addresses the rise of alternative layer one chains like Solana, analyzing their potential as competitors to Ethereum amidst changing market dynamics.

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