Solana Foundation says nearly a third of stake running through Jito Labs client — link

Another Polygon co-founder steps away from duties — link

small mumbles:

rn we have starsarena gaining popularity after what seems (to me) to be a coordinated shill by influencers. imo paid shills by the team. TVL just soared past $1m.

my immediate thoughts were "why didnt this happen to fantech on mantle?" theres only maestro singlehandedly trying to carry the chain and fantech

possible reasons i thought of:
1) fantech team didn't pay for KOL shills and marketing
2) mantle is not doing well (doesn't qualify as a dead chain) but avax isn't doing spectacular as well
3) mnt is too cheap

point 3 is an interesting one. thinking in the pov of an influencer:
i want to be able to easily extract $ out of SoFi platforms because its skewed towards me (influencer). i want to be able to earn as much trading fees as i can because its literally free money. i earn thousands by doing nothing while people trade my shares.

price of avax: $10
price of mnt: $0.4

the choice is obvious.

imo fantech and starsarena are marginally different. the product is almost exactly the same in terms of value prop. global feed, private chat rooms, trading fees, ref rev shares. so there shouldn't be that much of a disparity if we exclude other factors.

but as an influencer i would much rather earn more trading fees from starsarena than fantech simply because mnt is just way too cheap per unit (trading fees earned on fantech really do be peanuts)

influencers still do have a very large say in the space, so starsarena crossing 1m isn't that big of a surprised given the coordinated shill by 13+ KOLs

maybe its because its a bear market, but as long as participants in sofi are money focused, im bearish on sofi in the long run

still a believer that the average person would not appreciate mixing socials and finance (gating content, speculating on friends, needing to pay to use, etc.) UNLESS the platform is specifically made for a reason like onlyfans. why would i opt for sofi anyway when there are web2 models that are working perfectly. having sofi as the everyday social media platform instagram, twitter, and facebook is not gonna work. we still need something different from what we have rn to get the adoption we want. this is just not it. maybe not yet.

might expand a little more on this in a medium piece. in all, will remain open-minded and will change my perspective when needed.

tldr;

buy my keys not your own or your friends’ because you can make money but more importantly so that i can make even more money doing nothing cause i’m an influencer 🤝🏼

starsarena marketing team needs a raise

https://x.com/hasbulla_nft/status/1709673314359054522?s=46&t=nluSw7cwYGx8zFxfoYi5Iw

#reads Monad

https://x.com/jinglingcookies/status/1709584361623011341?s=20

Tips on narrative trading by 0xkyle

#reads #newbie

https://x.com/0xkyle__/status/1613128640333774848?s=20

on starsarena, same idea applies for me

maintain some exposure without overextending jic it blows up

my fantech portfolio has tripled just by being early, will hope the same happens

will 3,3 my ticket holders

join me here:
https://www.starsarena.com/?ref=dpycm

seeya 🤝

Solana-based trading platform Convergence RFQ raised $2.50M in a Pre-seed funding round led by C² Ventures, with participation from Big Brain Holdings, Israel Blockchain Association, Auros Global.

Early, no documentation yet, but I signed up for the waitlist on the website because I'm bullish on RFQ/intents perp DEXes

source
website

my biggest (maybe only) qualm w solana rn is whether it’ll go down during the next cycle when transaction loads get heavier

yes, solana has improved a lot since the previous cycle and all but tbh it’s yet to be seen (the improved sol has yet to be battle-tested)

we can talk about how it has been up for 7 months BUT the fact is it’s 7 months in a bear market

not fudding sol here, i actually have a bag and kinda getting more bullish on it each day

just journaling thoughts

edit: last talked about this here -> https://news.1rj.ru/str/cryptomumbles/3497

https://x.com/0xgumshoe/status/1709606809512657084?s=46&t=nluSw7cwYGx8zFxfoYi5Iw

also had a real good laugh at this reply

https://x.com/awfuljesse/status/1709598024157041111?s=46&t=nluSw7cwYGx8zFxfoYi5Iw

apparently nothing burger but icymi

starsarena exploit

https://x.com/0xlilitch/status/1709885464209973549?s=46

Layer 1 blockchain that uses USDC stablecoin for gas fees opens public testnet — link