Daily Crypto NewsEDITION #1102, 28 November 2024

Swell, Hyperliquid, and Elon Musk

Today in the US, they’re celebrating Thanksgiving. In short, this holiday was originally a time for people to give thanks to God and their family for the blessings they have.

Now, though, it’s gradually losing its religious connotation and becoming more of a civic holiday.

In honor of Thanksgiving, all the markets in the US are closed. But of course, we’re still working! :)

Now, a quick update on important matters. We value your time, and time is Moni.

What’s up?

Market update: Protocols on Solana made $420.7 million in November.

That’s 161% more than protocols on Ethereum. Raydium and Jito outperformed Uniswap and Lido nearly three times:

$175m + $164m vs. $69m + $62m.

It’s very tempting to join the crowd and keep bashing Ether, but yesterday it broke $3500, proving the haters wrong.

Everyone’s talking about: Elon Musk taking action to fire inefficient government employees and has made a list.

Brian Armstrong (also CEO of Coinbase) is fully supporting him on X (formerly Twitter), saying that the Democrats and their allies, including Gary Gensler and Elizabeth Warren, tried to suffocate crypto – they’re scoundrels and villains.

We predict that soon we’ll see public "lynchings" of not just Gensler but many other crypto haters, all for the entertainment of crypto enthusiasts, since Trump needs to rally support in this political battle.

Stay tuned.

Other important news:

– The Hyperliquid TG event will be tomorrow at 07:30 UTC.

The total HYPE token supply is 1,000,000,000, distributed as follows:

38.888% to future emissions and community rewards
31.0% to the genesis distribution

23.8% to current and future core contributors

6.0% to the Hyper Foundation budget

0.3% to community grants

0.012% to HIP-2

– Swell! Claim rewards for Wavedrop. If we want to keep participating, we deposit Swell into L2.