Firedancer: The Next Era of Solana Performance | Analyst Round Table
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Solana started from a different path to Ethereum, and, you know, they didn't have the multi client approach, but, like, now they're finally getting there. And this might finally eliminate one of the biggest criticisms with the Solana blockchain, which is liveness. And totally did an out did say that he will remove the beta label from Solana if when Fire Dancer reaches a third of the network.
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up, guys? Welcome back to another episode of OX Research. Today, I am joined by Mark and Luke from the Blockworks research team to talk about everything that's happening in the crypto markets. Mark, Luke, thanks for coming on. How you guys doing? Yeah.
All good. Good to hear
it. I guess, let's let's start off. What are we looking at? How do we feel about the markets? There's maybe been a little bit of shift in sentiment lately. I'm curious on your guys' thoughts. Are we looking at anything specific at the moment? Any particular tokens or or categories or or areas that we're interested at the moment? On
my end, I it seems like it is kind of turning around, but I've kind of been bullish from, like, most of q 2 when everybody was getting upset during the crowd market. I've I've never seen such a mix of high prices, like, Bitcoin's at, like, low sixties. Ethereum is at, like, high 2 thousands combined with such bad energy. So, I mean, like and I feel like this is every cycle. So I'm like, I love that everybody's so upset on Bitcoin's, like, 60 k. Like, this is this is just a sign of of things to come in the future. But then also, you know, as an analyst, I spend most of my time looking at, like,
Yeah. And looking out 6 weeks ahead, the 2024 election certainly seems to be big event that the market is waiting for resolution on. We think back to the 2020 election, we saw a VIX spike and then equity indices form this high time frame equilibrium and consolidation into the resolution of the election. Then ultimately, like, all the hedging positions rolled off, people took off their protection, and we saw a very large move to the upside, following the election. And looking at the price action in equity indices and the big spike we saw at the end of July, I can't help but think it's the same
I like I like the overview there. I think, it's funny if you think back a year. I think these were these were all sort of the factors that people had in their minds, right, for 2024. It was like rates were still high. People were thinking, okay. Rate cuts will come eventually. We'll have an election year in 24. There'll be these other factors, like, kind of, you know, maybe come out of a recession, etcetera. That was you know, the the economy is not doing so well or, you know, late 22, early 23. And I think you look to the sentiment recently, where maybe, you know, we have some of those things
I mean, I actually skimmed the, the ruling, the actual ruling by the judge just to see, like, is am I are they misunderstanding something? Was it really clickbity? I think it was, like you said, just for the clicks because in the ruling, it was like the SCC has clearly showed that this investment contract combined with the mining offering of in mining devices and investment contract is a security offering. So I I think, you know, I think the better headline should
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