The growing number of new tokens may lead to liquidity fragmentation and decreased trader attention in any single project, CoinGecko COO said.
While some view it as a positive move for long-term growth, others worry it could lead to monopolistic behavior and harm innovation in the Solana ecosystem.
Crypto leaders attended a pre-inaugural bash in Washington, cheering Trump’s return to the White House and hoping it will benefit digital assets.
Also: Bubblemaps roadmap; Babylon interoperability
In founding editor Bradley Keoun’s last issue of The Protocol, CoinDesk’s weekly newsletter devoted to blockchain technology, we’re covering Trump’s DOGE whistle and the slew of announcements from the big Ethereum conference Devcon in Bangkok.
The blockchain industry might get a boost as former U.S. President Donald Trump wins a second term, promising to keep his promises, including a long list of Bitcoin- and crypto-related pledges.
Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.