End of Week Recap - Oct. 1st

Solana: How Good is the Tech, Really?

October 01, 2023

End of Week Recap - Oct. 1st

Top News Headlines

  • Is Uptober here? Bitcoin, Ethereum suddenly pump in price, wiping $70M in shorts - Read More

  • The trial of Sam Bankman-Fried, criminal founder of FTX, is about to start. Will it help crypto finally move on? - Read More

  • Coinbase CEO’s D.C. push is starting to woo Democrats - Read More

  • Bitwise intends to begin trading ether futures ETFs Monday morning, Oct. 2nd - Read More

Cryptocurrency Prices by Market Cap

  1. Bitcoin $27,867 7D +6.5%

  2. Ethereum $1,723.23 7D +9.1%

  3. BNB $217.70 7D +4.4%

  4. XRP $0.522 7D +4.4%

  5. Lido Stkd Ether $1,723.39 7D +9.5%

  1. Solana $23.76 7D +22.5%

  2. Cardano $0.264 7D +8.5%

  3. Dogecoin $0.063 7D +3.5%

  4. TRON $0.09 7D +7.5%

  5. Toncoin $2.13 7D -3.0%

Source: Coingecko Price Feed, Oct 1st 2023, 9:45 EST. Data excludes Stablecoins USDC and USDT.

Project Spotlight: Solana
How Good is the Tech, Really?

Plainly stated, Solana is the most performant and cost effective Layer-1 blockchain currently available on the market. With average transactions costs well below a penny, and lightning-fast processing speeds, it’s no wonder Solana has overtaken many competing blockchains in terms of daily transactions.

Turns out, retail traders aren’t the only ones who appreciate Solana’s groundbreaking technical achievements. On September 11th, VISA released their deep dive into Solana, and explained why they’ve chose to expand their USDC settlement pilot program to Solana! The full report can be found here.

Finally, Solana’s price action over the last 7 days boasts an impressive 23% return, outpacing a majority of large cap crypto projects like Bitcoin and Ethereum. With Solana’s signature BreakPoint Conference kicking off in Amsterdam in just over a month, many investors and researchers will be expecting a continued wave of bullish catalysts for Solana.

That’s it for the End of Week Update by DAI! If you found this useful, please share and recommend!

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