New Bittensor $TAO root proposal by @const_reborn means Validators could become a bit like a fund manager that pick subnets.
When you're staking on root to a validator, you'd stake to its "fund".
So if the validator picked SN-x, SN-y, SN-z, it would be buying those but selling other unselected subnets.
Currently, validators simply sell all subnets to generate our yield.
In this new concept, it would sell those it didn't select and with the difference it would buy those it selected and you still get your yield while the selected subnets get a nice boost.
Credits to @kubernautis for helping me understand.
Code Pull Request:
https://t.co/coPdWstYZU
Imo that's not bad actually. Glad Const is trying to find solutions to improve emissions
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ORE is a bet that crypto eventually returns to first principles.
Open participation.
Transparent rules.
Scarce supply.
No special access.
Above all, social consensus.
If those principles matter, ORE wins.
$HYPE just flipped $SOL in price.
HYPE hit an all-time high of $76.70 this week.
SOL is now trading below it, near its lowest levels since late 2023.
But price isn't the story. Market cap tells a different one.
Solana is still at ~$42.5 billion vs HYPE's ~$16.4 billion.
What's driving HYPE:
-6.63% of all global perps volume. Record high.
-Massive protocol trading volume feeding a built-in buyback & burn mechanism.
-$136 million+ in ETF inflows in just weeks.
SOL isn't broken. It's just being outgrown.
The question isn't whether HYPE can hold this price.
It's whether the ~$26 billion market cap gap closes next.
important to realize that SPCX is not "spacex the company" but the only liquidly tradeable 5% of the company, so it's probably healthier to mentally imagine this as a 100 billion dollar magic box separate from the company as a whole. eth market cap is 200 billion as a comparison