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Uniswap Labs is facing a lawsuit from the SEC, targeting whether the Uni token or Uniswap the protocol might be classified as a security. While the SEC's mission is to protect investors, maintain fair markets, and facilitate capital formation, Uniswap believes their products are legal and serve the right side of history.
Eigenlayer has successfully launched its mainnet after a robust testnet phase, achieving over $13 billion in total value locked. Eigenlayer consists of AVSes, where EigenDA is the first AVS to come online, offering data availability service for the Ethereum rollup ecosystem. Many Ethereum rollups are set to adopt EigenDA for enhanced scalability and throughput.
The launch of EigenDA and Celestia in the Ethereum ecosystem presents an interesting dynamic for ETH holders. There's alignment to push for EigenDA adoption, given its economic incentives tied to Ethereum's fundamentals. While Celestia offers unique value as a blockchain solution, the focus on EigenDA aligns with the interests of ETH holders.
Omni Network, an AVS operating within the Eigenlayer ecosystem, has dropped 13.3% of its total allocation towards Eigenlayer restaking. This AVS aims to provide interoperability and defragmentation within the Ethereum rollup space, enhancing economic security between different rollups.
The SEC's actions against Uniswap Labs could have negative repercussions on US-based crypto developers and founders. The uncertainty and regulatory pressure may lead to a decline in entrepreneurship within the US crypto industry, potentially hindering innovation and growth in the sector.
An aggressive airdrop of tokens, including Eigenlayer restakers, Solana's NFT platform, Tensor token, and Monad shatters records for the largest raise in the current crypto cycle. The focus is on distributing tokens to community holders, core contributors, investors, and for future development to increase engagement and value within the ecosystem.
Notable partnerships like Circle and BlackRock's collaboration, the rise of Celo as a mobile-first carbon-negative blockchain, and developments in layer two solutions such as Mantle Network's collaboration with Eigenlayer. These collaborations aim to enhance scalability, reduce gas fees, and provide more stable foundations for decentralized applications, offering new opportunities and innovations in the crypto space.
Bankless Friday Weekly Rollup 2nd Week of April, 2024
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------ BANKLESS SPONSOR TOOLS:
🐙KRAKEN | MOST-TRUSTED CRYPTO EXCHANGE https://k.xyz/bankless-pod-q2
🛞MANTLE | MODULAR LAYER 2 NETWORK https://bankless.cc/Mantle
🏙️ CONSENSUS | SAVE 20% WITH CODE BANKLESS https://go.coindesk.com/4cBztCA
🏠 CASA | SECURE YOUR GENERATIONAL WEALTH https://bankless.cc/Casa
🔗CELO | CEL2 COMING SOON https://bankless.cc/Celo
🗣️TOKU | CRYPTO EMPLOYMENT SOLUTION https://bankless.cc/toku
------ TIMESTAMPS & RESOURCES
0:00 Intro
5:50 MARKET https://www.coindesk.com/markets/2024/04/11/grayscale-bitcoin-etf-sees-record-lowest-daily-outflow-of-18m https://cryptohayes.substack.com/p/heatwave https://www.growthepie.xyz/fundamentals/daily-active-addresses
13:40 Revenue from Base at $40million https://twitter.com/davidomaraX/status/1777998689874628885
15:00 4 weeks later, EIP-4844 is still a game-changer https://twitter.com/liamihorne/status/1777689828848525607
16:20 Movers of the Week https://www.bankless.com/toncoins-epic-rise
21:30 Bitcoin Ordinals taking top 10 NFT positions https://twitter.com/ercwl/status/1777550883082875095 https://imgur.com/UnLO0F2
22:40 Inflation hotter than expected in march - 3.8% up from 3.2% in Feb https://www.nytimes.com/2024/04/10/business/cpi-inflation-fed.html
25:30 Gloomy news from ETH ETF frontier https://twitter.com/NateGeraci/status/1777386609760936183 https://twitter.com/NateGeraci/status/1777768937943445568 https://polymarket.com/event/ethereum-spot-etf-approved-by?tid=171284490744 https://twitter.com/dunleavy89/status/1777751802118631594 https://twitter.com/jconorgrogan/status/1777016899567604095
34:04 Uniswap received an enforcement notice from the SEC https://x.com/Uniswap/status/1778127813138071904 https://twitter.com/haydenzadams/status/1778126466984575166 https://x.com/Uniswap/status/1778127815642075219 https://twitter.com/lex_node/status/1778167441903722768 https://twitter.com/ammori/status/1778128325996675577 https://x.com/iampaulgrewal/status/1778149863072670169 https://x.com/iampaulgrewal/status/1776292735063888374 https://twitter.com/jchervinsky/status/1778141231190552784 https://twitter.com/jchervinsky/status/1778455631277572241
47:58 EigenLayer and EigenDA are going to mainet! https://twitter.com/eigenlayer/status/1777757913718899074 https://twitter.com/sreeramkannan/status/1777791230556119183 https://x.com/TrustlessState/status/1778463830219092476 https://x.com/ayyyeandy/status/1778439191010873835
1:00:40 Solana Tensor’s Airdrop https://twitter.com/TensorFdn/status/1777350377895043537 https://x.com/TensorFdn/status/1775193013230489721
1:02:25 Bankless Airdrop Hunter https://www.bankless.com/airdrop-hunter
1:03:25 Circle Announces USDC Smart Contract for Transfers by BlackRock’s BUIDL Fund Investors https://www.businesswire.com/news/home/20240411966052/en/Circle-Announces-USDC-Smart-Contract-for-Transfers-by-BlackRock’s-BUIDL-Fund-Investors https://x.com/RyanSAdams/status/1778430676984897970 https://x.com/RyanSAdams/status/1778421743977173290 https://dune.com/steakhouse/tokenized-securities
1:09:10 Raises and BVC Investments MonadLabs raised $225M! https://twitter.com/monad_xyz/status/1777687376136982767
1:17:38 Bankless is hiring! https://www.bankless.com/jobs
1:18:00 MEME of the Week Nic vs David! 🥊 https://x.com/TrustlessState/status/1775883303268081891 https://x.com/TrustlessState/status/1774176205190709489 https://x.com/nic__carter/status/1774070020873535536
------ Not financial or tax advice. See our investment disclosures here: https://www.bankless.com/disclosures
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