This Week in Signal Teams — Solana, KardiaChain, Orion Protocol

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

• FTX Surpassed Coinbase as Second-Biggest Crypto Exchange in May
• Panama’s Towerbank Launches Bitcoin Accounts for Clients
• FTX Crypto Exchange Launches in Japan
• $4.5T Fidelity to Double Headcount for Digital Assets Division
• Brazilian Soccer Giant São Paulo FC Now Accepts Bitcoin for Tickets
• New York State Senate Passes 2-year Ban on New Bitcoin Mining

Top FTX Signals This Week

• Solana Announces Partnership with Alchemy
• KardiaChain Announces Partnership with Rove
• OKX Joins Orion Protocol as a Power Exchange

Solana Announces Partnership with Alchemy

“Alchemy announces their infrastructure and developer platform is coming to Solana!”

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— Austin Federa, Head of Communications, Solana Labs

Summary

• Alchemy has spent years building, refining and battle-testing a comprehensive web3 developer platform. Some of the biggest names in web3 are built on Alchemy today — from DeFi projects like 0x, Aave and dYdX to NFT projects like OpenSea, Nifty Gateway, Royal and SuperRare.
• Now, Solana devs will be able to capitalize on the Alchemy benefit, allowing them to build and scale Solana apps faster and more easily.
• By bringing the growing number of new and existing Solana developers into this community, we only strengthen the web3 ecosystem and expand the boundaries of what is possible when we build together.

Significance

Now with Alchemy’s support, it will be easier than ever for developers to get started on Solana and capitalize on the user demand for diverse Solana applications — from NFTs and games to DeFi exchanges and wallets.

Price at the time of FTX Signal: $40. View SOL on FTX.

KardiaChain Announces Partnership with Rove

“Kardiachain is delighted to announce Rove will be building on the KRC Network as official partners. This empowers anyone to build a presence in the new 3D web. Build your metaverse with us soon!”

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— Melvin Mel, Community Leader

Summary

• As a decentralized interoperable and self-optimized blockchain, KardiaChain focuses on addressing the fragmentation of blockchain systems and creating a unified platform towards mass adoption.
• This is a partnership between two like-minded entities whose goals are to revolutionize the blockchain and metaverse industry. They will be building a KardiaChain metaverse on Rove through this partnership.
• KardiaChain also announced partnerships with Encentive and SCity Metaverse in the past week.

Significance

This partnership marks a major step into the metaverse and Web3 for KardiaChain and will accelerate their progress toward these goals.

Price at the time of FTX Signal: $89.50 and $67.44. View KAI on FTX.

OKX Joins Orion Protocol as a Power Exchange

“OKX joins as Power Exchange on Orion

Orion Protocol unlocks OKX’s centralized liquidity by decentralizing its order books, adding deep liquidity through 50+ assets on Orion Terminal.”

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— Alexey Koloskov, CEO + Co-Founder

Summary

• Orion Protocol’s development as an advanced liquidity aggregator continues as it enables decentralized access to OKX, a top centralized crypto exchange, adding deep liquidity to Orion’s order books.
• Orion Protocol is building the decentralized gateway to the crypto market as the first, and only, platform to provide cross-chain access to CEXs, DEXs, and swap pools in one non-custodial platform.
• With this addition from Orion, users no longer need an account to trade OKX’s liquidity. Instead, users always have access to their own assets without having to lose custody of their tokens.

Significance

OKX’s integration into Orion Protocol opens up decentralized access to OKX’s order books for the first time, enabling users to trade with the liquidity of one of the largest centralized exchanges directly from their own wallet. Users no longer need an account to trade OKX’s liquidity.

Price at the time of FTX Signal: $1.40. View ORN on FTX.

Quote of the Week:

“My donors don’t want to use U.S. dollars. They want to use Bitcoin.”

— Florida House candidate

Chart of the Week:

The following chart shows the on-chain cost basis ratio. This compares the cost basis of short term and long term holders. The ratio of the two is the dark blue line. Whenever the cost basis of long-term holders crosses above short-term holders, this tends to represent an excellent buying opportunity in Bitcoin. The dark blue line is approaching the green line, but not quite there yet. The current short-term cost basis is $36,600 and the long-term cost basis is $22,300.

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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