What are Solana Blinks?

In this edition, we explore Solana blinks, Coinbase and Stripe partnership and the Spot Ethereum ETF.

💥  Cutting Edge with Shoal Research

In collaboration with Shoal Research, this week’s special feature will dive into LayerZero.

Key Terms

• Sharding: A method of partitioning a blockchain network into smaller, more manageable pieces to improve scalability and efficiency.
• TVM (TON Virtual Machine): The virtual machine that executes smart contracts on the TON blockchain.

What is it? Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a decentralized layer-1 blockchain originally developed by Telegram. The TON blockchain is designed for speed and scalability, offering high transaction throughput and low fees, making it suitable for a wide range of decentralized applications (dApps).

What does it do? Toncoin serves multiple purposes within the TON ecosystem. It is used for transaction fees, staking by validators, governance voting and as a medium of exchange within the network.

Why is it interesting? Toncoin is intriguing because of its technical capabilities and the vision of integrating a decentralized blockchain with a widely used social platform like Telegram.

Who are its competitors? Solana, Avalanche, and Binance Smart Chain.

Check out Shoal Research’s Substack and Telegram channel.

💡 Coin Spotlight: The N+1 HODL

In this segment, we dive into the N+1 Hodl basket and discuss our altcoins. 

Coin: Pyth Network ($PYTH)

Sector: Oracle 

Narrative: Pyth focuses on “Real-Time Market Data Anytime, Anywhere”. They frame themselves as a source of trustworthy, reliable data. 

Fundamentals: Like many oracles, Pyth bridges on-chain protocols to off-chain data. Pyth focuses on “accurate, low-latency, and high-resolution data”. Why do we hold: Pyth is one of the larger oracles, which are an important and unique innovation allowing off-chain data to be brought to the blockchain.

Performance: Pyth is down 52% YTD. Source: Coinmarketcap

⏰ Crypto News Recap

Coinbase and Stripe Partnership

Coinbase and Stripe are partnering to create integrations that are focused on increasing blockchain adoption. In an announcement on Thursday, Coinbase outlined three key integrations. These integrations include Stripe adding USDC on Base to their crypto payouts options and to their fiat-to-crypto on-ramp, and Coinbase adding Stripe’s fiat-to-crypto on-ramp to their wallet. 

When Will US Spot Ethereum ETF Launch 

On June 26, Reuters reported that regulators and asset managers were nearing the final stages in their discussions regarding the Spot Ethereum ETF. Reuters set the launch to happen as early as July 4. A lawyer involved with an issuer said that they are “down to the finishing touches” and “not more than a week or two away”. 

Solana Blinks

Solana developers recently announced blockchain links (blinks). Blinks is a new innovation in the Solana ecosystem that allows onchain actions to be transferred to a URL link that can be shared. This innovation could greatly impact the ecosystem by connecting blockchain. 

📚 N+1 Recommendations 

The N+1 reading and media recommendations are sourced from our team of experts and offer weekly suggestions for learning more about blockchain, crypto, finance and technology.

This weeks recommendation: The Man Who Solved the Market by Gregory Zuckerman

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N+1 Insights is meant for informational purposes. It is not meant to serve as investment advice.