Allegro Today

@Blockworks_ @blockworksres | prev @Citi | views are my own

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🚨BREAKING 🚨

Kraken 2 just changed its SGP-0002 vote from Against to For

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10 MINUTES LEFT...

@solana's disinflation vote is just 1.52% short. Only ~3.97M SOL needs to flip to For.

This is going down to the wire

[Allegro Today @minnus_]

SGP-0002 Double Disinflation has PASSED

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He bag worked Solana’s disinflation vote all the way to 67%

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On Saturday, 41% of @RobinhoodCrypto direct tokenized-stock pair volume had a meme or long tail token on the other side.

The seven day share is around 30%.

Is this type of activity sustainable?

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Competition between the two leading social trading apps is heating up

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$8.1M bought back in 7 days, a ~23% annualized rate.

[Allegro Today @minnus_]

10 MINUTES LEFT...

@solana's disinflation vote is just 1.52% short. Only ~3.97M SOL needs to flip to For.

This is going down to the wire

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If Maple remains the leading venue for this capital, it could provide a scalable source of deposits and revenue while further differentiating Maple from traditional DeFi lenders...

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Have not looked at redemption numbers directly, but your explanation is one of the reasons why prop amms can quote SPCX and provide better execution. As an easier path into the much deeper traditional stock market lets market makers hedge and rebalance inventory more reliably.

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Yep exactly. The tighter spreads come from independent prop AMMs quoting Backpack’s SPCX competitively, giving Dex Aggregators a cheaper source of liquidity for SPCXx orders. The route often becomes USDC > SPCX > SPCXx, while the reverse barely happens

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TAM is 2000-3000x from here

As it is not only the trading we know today but creates new tams and possibilities for all of finance

Higher

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RWA perps just flipped crypto in open interest on @solana. As of Aug 20:

- RWA: $282.9M
- Crypto: $218.9M

FX, commodities, stocks and indices now account for 56% of Solana perp open interest.

The onchain derivatives market is expanding far beyond crypto-native assets.

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It will be so obvious in hindsight $SOL

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Nearly 69% of $SOL is now staked.

That strengthens @solana's economic security while reducing immediately liquid supply, making SOL price more reflexive as network activity and demand grow.
Higher 🚀

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spot volume has now exceeded Bybit for eight straight days.

On July 10:
Solana DEXs: $1.52B
Bybit: $1.36B

The one day flip is starting to look more persistent.

Only Binance to go...

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If creators bring their audiences onchain, that lead gets much harder to dislodge.

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The key thing about creator tokens isn't the bonding curve - it's distribution

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Crypto a hedge or just a greater risk-on-play than equities?

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reminder to overdose of magnesium everyday