0xResearch Solana REV, Pumpfun’s Decision, and Base’s Lead Among L2s | Analyst Round Table
Nov 27, 2024
Three analysts delve deep into the vibrant world of crypto market cycles and highlight Solana's competitive edge. They discuss the intriguing dynamics of meme coins and the burgeoning gambling sector as use cases. Recent controversies surrounding Pumpfun's streaming decisions prompt a debate on strategic choices in the space. The conversation culminates in an analysis of Base’s dominance among Layer 2 solutions, mapping its influence on blockchain trends and user engagement. Expect plenty of insights and lively discussions!
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Memecoins Driving Blockchain Value
- Memecoins are currently driving blockchain transaction value across all chains.
- This is similar to the NFT trading craze on Ethereum in 2021.
Transaction Dispute Resolution
- There are two main ways to resolve transaction disputes on blockchains: priority ordering and first-come, first-served.
- Priority ordering is based on fees, while first-come, first-served prioritizes transaction timing.
Market Cycle Predictions
- Structural changes like nation-states adopting Bitcoin might impact market cycles.
- However, historical trends suggest a potential 55-60% drawdown, especially for altcoins.