Bankless ROLLUP: The Inscription Infestation | Solana Flips Ethereum Volume | Restaking Heats Up
Dec 22, 2023
The hosts delve into Solana's impressive surge, even surpassing Ethereum in trading volumes. They discuss the rise of phishing scams, revealing a concerning trend despite a decrease in total theft value. The introduction of the Ambire wallet showcases innovative smart contract capabilities while Bitcoin's surge is highlighted. The podcast also covers ongoing regulatory struggles, especially regarding 'inscriptions' and their impact on blockchain congestion. Finally, there's a look at liquid restaking trends and the implications for Ethereum's market landscape.
AI Snips
Chapters
Transcript
Episode notes
Solana's DEX Volume Flip
- Solana flipped Ethereum in DEX volume for the first time, reaching $1.5B.
- This is significant but should be interpreted cautiously due to Solana's low transaction fees.
Celsius ETH Dump
- Celsius dumped $243M worth of ETH in 30 days as part of its bankruptcy proceedings.
- This added to the downward pressure on ETH price, especially combined with Michael Saylor's Bitcoin purchases.
Inscription Congestion
- Inscriptions, data packets added to blockchains, caused issues on Arbitrum, Avalanche, ZkSync, and potentially Celestia.
- This highlighted the need for better resource pricing on chains or improved spam prevention.