📈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

🙏 Sponsored

Exploring Alephium, a Modern Sharded Blockchain Network

📈 Markets in the last 24 hrs:

THANKING OUR NEWSLETTER SPONSORS

| NEWSLETTER CONTINUES BELOW |

High Gain by Kelp gets you ~20%+ APY on ETH by leveraging blue-chip strategies with rsETH on Aave, Pendle, Usual and Elixir. On depositing, mint hgETH and stay liquid in DeFi while earning rewards!

📈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.

SPONSORED POST

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.

🎢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.