Sponsor: Cartesi — Discover the power of Linux for your ambitious dApps, only on Cartesi.
📸 Daily Market Snapshot: Despite a positive day for TradFi markets, the crypto market took a beating late Tuesday, with BTC falling below $60K and ETH erasing weeks of gains, sinking below $2,500 for the first time since ETH's early August crash. It's been a brutal month for ETH sentiment, with prices down nearly 25% and morale seeming to take a similarly sized hit.
Restaking was all of the rage in early 2024 as airdrop hunters sought profit for the simple task of depositing into EigenLayer, yet the meta stalled out shortly after EigenLayer’s first drop in April, and TVL has failed to grow since – falling 8% in ETH-denominated terms.
Subscribe for free to continue reading
- Support the Bankless Movement
- Access to thousands of articles
- Complete archive of Bankless episodes
- Embark on free quests in Airdrop Hunter
- Daily alpha in your inbox
Already subscribed? Sign in
