This Week in Signal Teams — Solana, IOTA, Basic Attention Token, THORSwap

Every week we comb through hundreds of FTX Signals to bring you the most significant team updates with brief analyses to help you understand the latest developments in blockchain.

Macro Crypto News This Week

• Bitcoin total transaction volume has passed $100 Trillion
• Intel inks $30B deal for new chip factory — partly for BTC mining chips
• Visa launches pre-paid Bitcoin card in Brazil that pays rewards
• Mastercard working with Binance to enable BTC and crypto payments
• Tether says it will not freeze tornado cash addresses
• World’s largest Bitcoin ATM firm to go public on the Nasdaq

Top FTX Signals This Week

• Solana Introduces Firedancer Validator and Saga Phone Pre-Orders
• IOTA Being Used for New Wireless Smart Meters
• Brave Wallet Adds 15 Leading DApps to Wallet Partner Program
• THORSwap Integrates Ethereum Cross-Chain DEX Aggregator

Solana Introduces Firedancer Validator and Announces Saga Phone Pre-Orders

“Introducing Firedancer: A second and new open source validator client for the Solana blockchain, built to increase the throughput and reliability of the network!” Read More

“The Saga phone is coming early for builders! DVT-1 is the Saga developer beta. This fall, 3,500 DVT-1s will be available for devs who have preordered Saga and want a first look at Saga & SMS. You can now preorder Saga with USDC or a credit card. Preorder now!” Read More

— Austin Federa, Head of Communications, Solana Labs

Summary

• Jump Crypto announces a second and new open-source validator client for the Solana blockchain.
• The goal of Firedancer is to drastically increase Solana’s networking throughput, efficiency, and resiliency over the next 12 months, with a significantly greater result within 24 months.
• Solana also announced that the Saga phone is coming early for builders. DVT-1 is the Saga developer beta. This fall, 3,500 DVT-1s will be available for devs who have preordered Saga and want a first look at Saga & SMS.
• Lastly, Coinbase Wallet has launched support for the Solana dapp ecosystem this week.

Significance

This launch will both increase the performance and decentralization of the Solana blockchain. Multiple validator clients are a major step in the decentralization of Solana as today only Bitcoin and Ethereum offer multiple independent validator clients. Coinbase Wallet support for the Solana dapp ecosystem is likely to greatly increase adoption and overall usage.

Price at the time of FTX Signal: ~$34. View SOL on FTX.

IOTA Being Used for New Wireless Smart Meters

“Developing Affordable, Secure, and Reliable Smart Meters. The SUSEE project is building a mass-market low-cost wireless communication retrofit module for energy meters with the use of IOTA Streams.”

Read More

— Thabata Dias, Social Media Manager

Summary

• The three obstacles to the widespread adoption of smart electronic energy meters are cost, data security, and reliability.
• As part of its work on a scalable solution for reliable and secure data transmission in sensor networks, the SUSEE project is building a low-cost wireless communication retrofit module for energy meters.
• Based on a Low-Power Wide-Area Network, the module uses IOTA Streams to secure the privacy and authenticity of the meter’s data to comply with strict German security laws. An initial batch of 25 test devices will be used to evaluate the product’s Proof Of Concept in the field.

Significance

Future smart energy grids will be able to profit from both IOTA Smart Contracts and experience in multiple smart cities and decentralized finance projects. IOTA’s permissionless decentralized infrastructure can transform energy grids into smart prosumer grids where the regulation needed to stabilize the network is balanced with the advantages of an open and decentralized economic system.

Price at the time of FTX Signal: $0.30. View IOTA on FTX.

Brave Wallet Adds 15 Leading DApps to Wallet Partner Program

“Brave Wallet, the secure crypto wallet built into the Brave browser, is improving today thanks to integrations with 15 leading decentralized apps (DApps).”

Read More

— Jennie T, Director of Community and Partnership

Summary

• Brave’s native crypto wallet has added 9 new Solana and 6 new Ethereum integrations from Aldrin, ApolloX, Bonfida, Cropper, Holaplex, Honeyswap, Jet Protocol, Marinade, NounsDAO, SolanaFM, Solend, SolBlaze, Spartan Protocol, Velodrome, and XY Finance.
• This brings the total of partners to 27 since the inception of our program just two months ago, as the Brave browser continues to expand its Web3 integrations.
• This allows investors to access these DApps natively within the Brave Browser, offering a more secure and convenient connection.

Significance

These new integrations benefit both Brave and the partner DAapps through improved awareness, adoption, ease of use, and security. Initiatives like this help to bring new users into the crypto and DeFi ecosystem.

Price at the time of FTX Signal: $0.37. View BAT on FTX.

THORSwap Integrates Full-Featured Ethereum Cross-Chain DEX Aggregator

“Swap thousands of ERC-20 tokens across 8+ L1 blockchains in a single transaction, right from your own self-custody wallet, without risk of centralized counterparties.”

Read More

— paperX, Launch Manager

Summary

• THORSwap has integrated a full-featured Ethereum ERC-20 DEX Aggregator into THORChain’s flagship interface.
• THORSwap users can now swap between 4,800+ ERC-20 tokens and Layer 1 blockchains such as Bitcoin, Binance Beacon Chain, Cosmos, Dogecoin, Litecoin, Bitcoin Cash, THORChain (and soon Avalanche) in a seamless, non-custodial manner without use of bridges or wrapped assets.
• THORSwap has added liquidity from leading Ethereum protocols such as Uniswap, SushiSwap, 1Inch, and 0x. They are sourced from whitelisted token lists by CoinGecko, 1Inch, Uniswap, and Zapper for peace of mind.
• The team has also been working on shipping their own API and SDK kits for third-party dApps and developers.

Significance

Today’s landmark upgrade is the first of many on our ambitious roadmap to redefine the core of DeFi’s Multi-Chain future: Swapping Native Assets Cross-Chain in a non-custodial, seamless single transaction.

Price at the time of FTX Signal: $0.257. View THOR on FTX.

Quotes of the Week:

“Bitcoin is the ‘flight to safety’ for a lot of our funds.”

— Valkyrie Investments

“Bitcoin is a leading indicator and may be maturing toward global collateral.”

— Bloomberg Intelligence

“Can you hack it? No. Can you destroy it? No. Can you stop it? No. I’m very bullish on Bitcoin.”

— Prince Filip of Serbia

Chart of the Week:

The 4-year moving average has proven to be a key metric when assessing price support for Bitcoin. The price is currently hugging the 4-year support line, which has historically signaled a good entry point for long-term investors.

Thanks for joining us and we look forward to bringing you our top FTX Signals again next week.

Jason Hamlin

Ecosystem Insights @ FTX

FTX Signal is a first-of-its-kind communications platform built exclusively for token teams to connect and engage with their communities. Over 1,000 token team CEOs and team leaders actively use the platform to provide relevant project updates directly to FTX’s 6 million+ users. Learn more.

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