💣 The Parallel Execution Bid. SEI Less.

A weekly recap of the largest crypto events and narratives, with an extra dose of insight.

Here’s what we have for you:

• Parallel execution

• Eigenlayer raised caps

• Don’t fade DePIN

• SolanaFM and cNFTs

• Desig: a smart multi-sig

• Frame, the home of creators and collectors

GM Raiders. It’s parallel execution season. Sei’s price has rocketed more than 50% since our last edition on Monday. What’s the reasoning behind it? It seems like people are finally coming to terms with the fact that a blockchain without parallel execution will always be fundamentally constrained. Why is Sei benefitting from this narrative? Well, that’s cause they are the only EVM blockchain with a parallelized EVM with a live token.

In other news, EigenLayer caps were raised again, this time to 500K for the global LST cap. As of last night, those deposit caps still have not been filled yet. Perhaps that is a sign of the waning interest in ETH as those deposit caps used to fill up almost instantly. That’s on top of the fact that six new LSTs were added, including OETH, swETH, and more.

-RektRadar

Don’t fade DePIN

GenesysGo is the developer behind ShdwDrive, a decentralised, performant, and scalable web3 data storage solution. Following the DePIN narrative that is red hot on Solana right now, ShdwDrive promises to use its DAGGER technology to revolutionise cloud storage.

They have lofty plans for the first half of 2024, including an incentivised testnet in January where participants will be able to earn rewards for contributing storage and running a shdwNode. Following that, they’ll be launching an auditor node testnet that allows Saga holders to passively earn rewards by auditing the existence and authority of data stored on shdwDrive V2. Lastly, they will launch shdwDrive V2 powered by DAGGER to mainnet in the first half of 2024.

DePIN will be one of the strongest performers of this cycle as we desperately look for real world use cases. Don’t fade actual utility. Don’t fade DePIN. Don’t fade GenesysGo.

SolanaFM and compressed NFTs

• Did you know that you can mint as many as a million NFTs on Solana for as little as $110? I’m guessing no. Well, you need some way to view all those NFTs, which is where SolanaFM comes in.
  

• SolanaFM recently announced full support for compressed NFTs, allowing users to view key details such as owner addresses, attributes, and full transaction history. In addition, the platform allows one to verify cNFT authenticity. Read the chain. Verify, don’t trust.

What’s better than a multi-sig? A smart multi-sig.

• Meet Desig: Your chain-agnostic Smart Multisig wallet simplifying treasury ops. With Desig, effortlessly monitor your assets using intuitive tracking, make informed allocations, and benefit from insightful cashflow reports.
  

• Enjoy gasless vault management, intel-driven swap, and optimal staking via our Aggregator for maximum yield and returns. Embrace the future of financial mobility— Desig's Smart Multisig On-the-go!

Frame, the home of creators and collectors

• Frame is helping users enter the next chapter of NFTs. That starts with an airdrop of $FRAME, available to anyone who has trader an NFT on Ethereum in the past two years.
  

• Their grand vision? A network created and owned by creators and collectors. Creators can earn royalties through their enshrined Palette protocol, there’s asset security, and even a creator’s fund.

Phantom is adding Bitcoin and ordinals support. I’m telling you it will be a Bitcoin miner super cycle

An ordinals project has raised $83M on Ethereum. Still don’t believe me?

Frame’s airdrop details

Potential friend.tech points? Friendtech V2?

What is the Jupiter strategy? Don’t expect a rev share in the first two years.

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