Bankless ROLLUP: Solana Outage | Restaking Wars | Dencun Mainnet Date
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Feb 9, 2024 The hosts discuss a major five-hour outage of the Solana network, exploring its technical causes and impact on the crypto market. They highlight the rapid growth of the Eigenlayer project and the competitive arena of liquid restaking protocols. The conversation shifts to the vibrant Layer 2 scene, including the emergence of Mantle and its implications for Ethereum. Insights on Bitcoin's rising price and the implications of new ETF regulations are also shared, along with a light-hearted look at the crossover between traditional domains and decentralization.
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Solana Outage
- Solana experienced a five-hour network outage, its first in almost a year.
- This outage was attributed to a bug introduced by a recent upgrade to the Berkeley Packet Filter.
EigenLayer's Growth
- EigenLayer's TVL surged past $5 billion after opening its LST caps.
- This reflects strong speculation on EigenLayer points and future utility, but questions remain about long-term ETH retention.
Restaking Wars
- New liquid restaking protocols are emerging and competing for dominance.
- These protocols aggregate AVS yields into tokens, similar to LSTs.