📈Trump Memecoin Drives Solana TVL to All-time High

GM Defiers!

The Solana ecosystem continues to gain momentum, with SOL rallying as high as $270 as the network’s TVL scales new heights. Jupiter, the leading DEX aggregator on Solana, launched its second airdrop valued at more than half a billion dollars.

Institutions continue to pile into digital assets, with ETPs reaching an all-time high of $171 billion in AuM. Market maker Wintermute was a major beneficiary of this trend in 2024 as its OTC volumes rose 313%.

✍️ In today’s newsletter:

• Solana TVL tops $10 billion for the first time since FTX collapse
• DEX aggregator Jupiter airdrops 700M JUP tokens
• SEC receives flurry of ETF filings after Gensler’s departure
• Clickbait headlines rock TRUMP memecoin
• Solana soars as Bitcoin and Ether slide
• Tornado Cash token surges after sanctions get lifted
• Uniswap V4 to roll out this week
• Digital asset ETPs attracted $2.2B last week
• Wintermute’s OTC volumes quadrupled in 2024

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• Exploring Alephium, a Modern Sharded Blockchain Network

📈 Markets in the last 24 hrs:

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📈Solana TVL Hits All-time High Amid Trump Memecoin Frenzy

The Solana blockchain recorded an all-time high in total value locked (TVL) following the launch of the TRUMP and MELANIA meme coins. On Jan. 19, Solana's TVL surpassed $12 billion, its highest level to date.

🪂Jupiter Launches $550 Million Jupuary Airdrop

Jupiter is distributing 700 million JUP worth $550 million to some 2 million eligible wallets. Token swappers will receive 425 million JUP, divided according to volume tiers. Stakers will receive 75 million JUP tokens.

🏦Yes, Someone Has Filed For a TRUMP ETF

There are now 33 pending ETF applications before the SEC. Most are Bitcoin, Ethereum, XRP, or Solana-based but a few go a bit further afield. Notably, three from Rex and Osprey cover memecoins DOGE, BONK, and TRUMP.

🚀TORN Surges Over 150% After US Appeals Court Lifted Tornado Cash Sanctions

TORN, the native token of Tornado Cash, skyrocketed by over 150% after a U.S. appeals court revoked the U.S. Treasury’s Office of Foreign Assets Control (OFAC) decision to sanction the cryptocurrency mixer.

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Web3 is often fragmented, with users struggling to manage multiple blockchains, wallets, and bridges. Okto is addressing this by adopting ERC-7683, a proposed Ethereum standard that simplifies cross-chain interactions. Instead of dealing with complex processes, users can express their goals—like swapping tokens—in a single message. Specialized "fillers" then handle the technical details, executing these tasks across chains. This reduces confusion, lowers costs, and improves efficiency. Okto is integrating ERC-7683 into its platform to create a more unified and decentralized Web3. Although still in draft status, ERC-7683 has gained support from major protocols like Across Protocol, Uniswap Labs, and Polygon Labs, aiming to make cross-chain transactions as seamless as browsing the internet.

Read More: Okto is building ERC-7683 on Solana: Way for a Unified Web3 Future

🎢TRUMP Dumps, then Rebounds on Misleading Headline

Aided by some clickbait-y headlines, President Donald Trump knocked about 17% off his TRUMP token when he confessed to not knowing much about how the memecoin has been trading since its Jan. 17 launch.

📈Solana Rallies as Crypto Markets Consolidate Following Trump’s Inauguration

Experts say the market's mixed response is largely due to recent regulatory changes and the inauguration of President Trump. BlackRock CEO Larry Fink made headlines with his comments on Bitcoin, suggesting that the cryptocurrency could rise to as high as $700,000 under certain conditions.

🦄Uniswap Plans to Release its V4 This Week

Uniswap, the largest decentralized exchange (DEX) by volume, said it’s planning to deploy its V4 this week. Uniswap V4 aims to add flexibility to the DEX with features including hooks, singleton, flash accounting, and native ETH.

🏦Digital Asset Funds' AUM Climbs to New High After Drawing $2.2 Billion in a Week

Digital asset funds had a massive surge last week, drawing $2.2 billion in inflows and pushing total assets under management (AuM) to an all-time high of $171 billion.

💱Institutional Interest Quadruples Wintermute’s OTC Volume

“We saw record-breaking growth driven by demand for sophisticated products like CFDs and options, reflecting a maturing market that increasingly mirrors traditional finance,” said Wintermute Group CEO Evgeny Gaevoy.

🌍 ELSEWHERE

• Dogecoin ETF Registered as Elon Musk’s D.O.G.E Gains Traction (Coindesk)
• Crypto’s Richest Man CZ Turns VC Firm Into Giant Family Office (Bloomberg)
• Behind MicroStrategy’s Bitcoin Bet: Investors Who Usually Play It Safe (WSJ)

🔥TRENDING

• Digital Asset Funds' AUM Climbs to New High After Drawing $2.2 Billion in a Week
• Solana Rallies as Crypto Markets Consolidate Following Trump’s Inauguration
• Trump-backed World Liberty Financial Buys $113 Million of Crypto to Celebrate Inauguration
• Vitalik Responds to Calls for Aya Miyaguchi's Resignation Amid Ethereum Foundation Controversy
• Vitalik Buterin Says Ethereum Foundation is Considering Staking ETH
• Cryptocurrency Market Faces Volatility After Trump Inauguration, Top Assets Gain but Overall Market Declines