Solana Weekly

What’s up everybody! This is Thomas Bahamas and you are here for another episode of Solana Weekly.

Sol Price: $20.80 with an overall decrease of 2.89% on the week.

SolEth- .0122 with just a tiny decrease on the week

SolBtc - A small decrease as well, pumped about this one because BTC is back.

More on BTC:

NFT's still aren't moving.

I don't really know what saves NFT's at this point. Need a major catalyst and some energy in the market.

Pricing talk - you can't think of an nft at it's ATH.he asset at it’s current value.

Social - Solarplex tipping is enabled, vibes are flowing, I’m loving. I get an NFT a day and it’s all our favorite Solana folks on one platform.

Kamino - Durden on Twitter broke down the apy on defi yields on Kamino with Impermanent Loss included in.

Hawksight

Bonk staking

Bonkbot - worth it? maybe, not for me.

AssetDash - Best portfolio manager, worth checking out, they give out rewards daily even if you don’t hold their NFT.

Finish with some stablecoin chatter.

USDC on Solana is the future of payments. 400ms to finality and native to Solana. There is no second best and it’s only betting me more bullish on the future.

What’s up everybody! This is Thomas Bahamas and you are here for another episode of Solana Weekly. Here to drop some alpha on what's going on and where we're going in this crazy space. It’s been a trying week where it seems like there is just no bullish news. These are the best of times to buy, but the hardest of times to actually pull the trigger. Excited to dig into it and let’s focking go.

To the market:

Sol Price: $21.43 with an overall decrease of 8% on the week. We don’t like to see that, but we’re in a recovery from dipping under $20 yesterday so I’m ecstatic about this move up haha. Whole market looked like it was tanking including Bitcoin and the doomers and bears were out in full force giving us their graphs of how low we go. Well I spent my time loading up on longs, so suck it bears.

SolEth- .01278 with a small decrease of 1% and nothing meaningful to gain from this really. Everything tanked, Eth looked real bad.

SolBtc - Also staying pretty flat.

To the news:

HNT on Drift.

I got a Fock It Shirt, it’s Mad, I’m wearing it now, LFG.

Solana Pay on Shopify, I think this is huge and we should get a bounce for it.

Sign in with Solana.

Blaze airdrop has begun, and with it the bSOL token is getting something like 15% apr.

Friend.Tech is taking over all of crypto and is bringing social fi back.

With this we are seeing Solarplex launching on Solana and I gotta give a shout out to Solcial, kind of like a bitclout like product where people buy your token for a follow and tier 2access. These have huge potential and are fun. Solarplex is like all of Solana Twitter.

NFT's still down while ducks stay up, 20 ducks for private Telegram and whales don’t sell.

SMB's sitting around 8 sol, think it's good value.

My man Bully Esquire had a great tweet where he said with the adoption of Layer 2's on Eth why are other L1's even necessary.

We need to be able to answer this question clearly and concisely, without the technical jargon and hopes and dreams of a bagholder attached to it .

The answer, most aren't.

What other L1's are necessary for is what can't be done on Eth L1 or L2's.

The two most popular answers are DePin and Compression.

DePin - Decentralized physical infrastructure is Helium, it's a mobile network incentivized through a blockchain that HAS to be as fast and cheap as Solana or it won't work.

Compression - NFT's can be compressed so well on Solana that you can give an NFT to a brand new user for free. Drip.Haus does this. You don't have to pay to get the NFT.

Also the core of the question is a bit flawed right. The goal for Ethereum with L2's is to scale a decentralized network which means increase both speed and decrease transaction costs for the masses. This goal is not there. This goal is what Solana is right now at this moment. So other L1's are necessary because they are brining about the new paradigm where cryptocurrencies can scale and be used for non crypto native users.

Eth will never have that.

Other than that I saw some bearish posts on DeFi and how it hasn't actually been that successful. We saw Balancer get compromised and the only profitable Defi players are the hackers at this point. So I'm cautiously optimistic about Sol Defi. We saw Cypher get hacked and I just don't want to deal with all the extra risk at this point. So I pulled my Margin lends.

What’s up everybody! This is Thomas Bahamas and you are here for another episode of Solana Weekly. Here to drop some alpha on what's going on and where we're going in this crazy space.

Sol Price: $23.33 with an overall decrease of 4.3% on the week.

SolEth- .01285 decrease of 1.8% and nothing meaningful to gain from this.

SolBtc - Also flat on the week.

News:

tBTC officially launches on multiple chains and I’m hoping we get more liquidity on Solana from this.

L2’s vs Solana battles keep heating up.

Helium launches a $5 mobile plan in Miami.

NFT’s - man we’re down bad. S

But during all this struggle we are seeing one gem stand out. That’s right, the Crypto Duck Punkz are thriving.

A trade idea

What’s up everybody! This is Thomas Bahamas and you are here for episode number 37 of Solana Weekly. Here to drop some alpha on what's going on and where we're going. This was another crazy week with one of the leading Defi protocols on Solana getting hacked, Tensor launching their NFT project and Rollbit sending to the moon. Never a dull week and I’m looking forward to diving in.

To the market:

Sol Price: $24.38 with an overall increase of 5% on the week. Not a bad week with a good push in the price action starting yesterday. We saw a low of just under 22.50 and a high of almost 25, so not that much volatility and I’m hoping we continue on the upside.

SolEth- .01305 with an increase of 14% on the week. Eth acting like a stablecoin these days. Doesn’t dip, doesn’t pump. Hearing more of their deflationary narrative and how people aren’t ready for a token that burns itself, and a talks of and ETH ETF if BTC get’s one through. So yea I’ll take a 14% gain vs ETH.

SolBtc - flat on the week. Interesting here, we’re keeping pace with Bitcoin even when Eth underperforms. I’d like to call that bullish but we’ll see.

Gambling vs investing long talk.

As we see Product Market Fit in Rollbit while I miss the pump and sit on the sidelines, we've gotta have the gambling talk. PMF in crypto has always been gambling. Gamblers are willing to take more risk on risky platforms and have likely been burned a bunch prior to their entry into crypto. This is how I got here, online poker sites weren’t keeping customer funds separate from operational funds and ended up going bust and taking everyone’s money. Crypto solved this. Also to get funds on was dicey. I’ve bought phone minutes that transferred to Party Poker, I’ve had random debit cards I could only withdraw so much cash on, I’ve received faulty checks from Asia, I’ve even transferred money at a Western Union in a grocery store to load up my account one time. All these were BS and bitcoin fixed all the problems. Now add in the everything casino and we have gamblers all over the place. I think that this is some of the underlying problems were seeing in the markets, and I think that SOL’s unique properties highlight this much better.

What does that mean? That means you can utilize basically 0 transaction fees and feed the gambler in you. Mint coming up? Max mint, dump any NFT’s that aren’t rare. You can do that profitably on SOL where it’s too expensive to do that on Eth. The meme of listing just under floor is real because a small loss on 5 NFT’s while given the chance to 10x on one or two is a gamble a lot are willing to take.

So where does that leave us? With a lot of gamblers in Sol, and even Eth native people using it as gambling to get in and get out. Where Eth has more of a forced investment due to fees. I don’t know how we get out of that, but it is and will always be an important narrative with crypto. Rollbit moving to Eth seems like it’s bringing in more people to the table and this thing is going uponly.

With that in mind I think it’s important to try to figure out investments that aren’t a gamble. Minting most NFT’s are a gamble, but if it’s from a top project in the space? Might be out of the gambling range. We need to look at tokens and nft’s that will increase value based on usage of protocol’s.

I think we get out of the gambling range and move to investing to make continued gains. Buying and holding good projects has always been the way to make money. Take some swings, size appropriately, and put a long time frame on it. With willingness to add to the position. DCAing is a solid meme because it typically works. I like a good gamble as much as the next person, but my expectation isn’t that I’ll get rich off it, that’s where investing comes in.

Cypher hacked to the tune of 1 million. Devastating blow to Solana defi, but powering through.

Tensorians - launched and crushing. I imagine this goes up only, it’s the flagship product of the flagship nft marketplace on the chain with the most nft activity. Feels like a smooth brain play.

The 6 month investment thesis

Betting on the DePin decentralized physical infrastructure network and HNT.

What’s up everybody! This is Thomas Bahamas and you are here for episode number 36 of Solana Weekly. Here to drop some alpha on what's going on and where we're going. This was an insane week in the EVM world and it looks like Eth Defi could just all implode. But we’re still thriving in SOL and got a lot to go through. I’m going to get into some moon math and see if the Twitter consensus of Sol hitting $500 in 2025 has any real chance of happening.

Sol Price: $23.11 with an overall decrease of 7.26% on the week.

SolEth- .01143 - with an overall decrease of 6.42%, WHY IS THIS HAPPENING TO US?

SolBtc - down 4.6% on the week. So down vs the market and we hate to see it.

Alright let’s get to the market and to some moon math.

The Solana narrative is here and everyone seems to be on board with Solana, many seeing it hitting somewhere around $500 by 2025 and let’s see how we can get there.

BTC Halvening

I think the Halvening, combined with the ETF narrative could be huge.

Eth moon’s, Solana gains. The .1 narrative that Z has brought up. BTC goes up, Eth goes up, Sol goes up is still in play.

These are all pretty moon mathy scenarios, but all have potential.

A touch on some other news:

bSol - airdrop szn has begun

Kanpai pandas dropping soon on Solana. Think it’s huge because it brings eth to sol.

Raffling Rolex’s on Famous Foxes Raffles - insane.

Bonk - SVBonk, some sort of lottery ticket scheme, someone took down 50k.

What’s up everybody! This is Thomas Bahamas and you are here for episode number 35 of Solana Weekly. Here to drop some alpha on what's going on and where we're going.

Sol Price: $24.92 with an overall decrease of 6.7% on the week.

SolEth- .0134 - with an overall decrease of 4.35%.

SolBTC - Flat!

Drift building more.

I got my New Sim Card from Helium and am pumped to test it out for my one month free.

NFT’s have kind of stalled and aren’t dumping as much. But it’s not looking pretty out there, thought I’d do a best of list.

Best marketing and hustle during this downturn: galactic gecko’s.

Monkey baby business - best discord in web 3. It’s massive, there’s something for everyone.

Smb- best dao and best business.

Other changes is that telegram copy pasta’d a lot of discords features and some projects are moving over.

Cyber sam’s have a telegram and continue with the sick alpha.

The crypto duck punkz also have some telegram groups and have a strategy of convincing key players in solana to change pfp.

Crazy Eth coins - hamster racing etc on eth. It’s like anything they can do to make money.

The EVM landscape vs solana.

Marginfi raised limits again and almost instantly a lot of the pools filled up. They are crushing, points are flying, I'm hoping this is one of the narratives flying.

Good applications: I've been dabbling in Sol City Poker, and it's fantastic.

That’s what we’re looking at and thank you for joining in!

What’s up everybody! This is Thomas Bahamas and you are here for episode number 34 of Solana Weekly.

Sol Price: $26.72

SolEth- .01401 - with an overall increase of 17.73%.

SolBTC - up 24%!

With the increase in Sol Price, we have to unfortunately AGAIN talk about the underperformance of NFT’s.

One NFT that’s catching some steam is our good old friends over at the Crypto Duck Punkz. We got some sweepers sweeping, we got Dudas tweeting, we got memes, are we back? Maybe. Still like the idea of a project that has no utility and is super fun. When the shoe’s come around it’s a blast, otherwise it's kind of a ghost town.

Release of Neon and Solang bring solidity and evm to Solana! Pretty huge.

Defi Continues to crush.

Superstake - clean easy financial products on top of defi. Think this is the future, keep the dirty stuff on the back end.

Marginfi crushing - over 20 million lent

Trying to find the perfect long term portfolio plays. Lst’s remain high.

My favorite story in the crypto news lately is the Ben McKenzie anti crypto arc. It’s amazing. Yes the guy from the OC, yes he has a book, yes the story is absurd and he looks like an idiot.

Taxes - no one wants to talk about them in crypto because they are a pain

President debates are heating up and crypto is on their mind. Rfk jr looking at both holding btc reserves to back dollar and remove the cap gains tax. Desantis rages against CBDC’s, and I’m expecting a lot more of this.

Lightspeed has been released, just listened to a great episode of the Cove with Austin on, the podcasts are so back and I'm glad that I can get the alpha from them.

I’m also reading a book titled “You Will Own Nothing,” by Carol Roth which is fantastic.

Anyways that will do it for this episode of Solana Weekly. Looking forward to what else we can drum up this week and hope you are all enjoying yourselves as much as I am.

Solana Summer is here!

Sol defi 2.0

Sol Price: 22.40 - up 20%

SolEth - Up 21%

SolBTC up 18%

Tokens up, NFT's down.

tBTC coming to Sol.

Airdrop sZn and how to get some.

Threads coming to take your chick.

Social media and constant attention on Web 3 gets you no where.

What’s up everybody! This is Thomas Bahamas and you are here for episode number 32 of Solana Weekly. Here to drop some alpha on what's going on and where we're going.

Sol Price: $18.69 an overall increase of 15.5% on the week!

SolEth- .00980 - or an overall increase of 11.76%.

SolBTC - up 15%!

Airdrop season coming to Solana

Bought a cyber frogs and one of their ordinals.

Ordinal fud

Nft fi- is it the payday lending of web 3?

Smb gen 3 - barrels were minted, I got 0/10 barrels from my tickets and 80k total were bought.

Prime trust went under. They were a banking partner to many crypto companies.

Got a bonk shirt.

Still waiting on my Helium 5g Sim Card to test out my one month free with my Saga.

Trading view has a 50% off discount and free month of premium, worth checking out.

Wallet safety PSA

What’s up everybody! This is Thomas Bahamas and you are here for episode number 31 of Solana Weekly. Here to drop some alpha on what's going on and where we're going. We have kind of flattened out as far as price action goes, but we’ve got some NFT action going on. I spent my morning trying to mint Gen 3 SMB’s and failing. I’m going back after it a little later today and I’m all jacked up.

Sol Price: $16.18 - down from 16.91 and about 4%. Overall I’m okay with it We didn’t fill the gap to 23, but we also didn’t dip from massive amounts of Robinhood dumping. They had millions of Sol and were to dump it, we remain unaffected. The outlook on sol long term is real good and the value prop has never been clearer. The price is still not reflecting it. I’m okay with it.

Sol Eth down 4% to .00877 and Eth continues to hold strong. We just can’t catch a break against our friendly foes in the Eth community. I can’t mention Eth without bringing up the Azuki fiasco. One of the top NFT’s in their community, they dropped a gen 2 and raised 40 mill off of it. The kicker, it’s almost the exact same art. The second kicker, there are a bunch of twins in the set. Disaster, but also highlights what’s only possible on Eth, 40 million raised in minutes. So much money there it’s crazy. Think of this when people start realizing the benefits of Solana.

Sol BTC - continues to bleed on this. Saw a comparison of solbtc to eth btc, back when Eth almost died, it hit something like -97% vs btc, we’re at like -95%, if history rhymes, we could almost be at bottom.

Gen 3 baby! The SMB mint to unlock the IP and take over the world.

Two main topics

Lending - both nft lending and centralized lending

Investable digital assets vs usable digital assets

Merkle tree - is a cryptographic hash that is used to verify the integrity of a set of data. In the context of Solana NFTs, a Merkle root is used to create a compressed NFT.

A compressed NFT is an NFT that stores its metadata within the ledger, rather than in a separate account. This reduces the storage cost of NFTs, while still maintaining their security and speed.

Another thought I had is that im going to embrace web 3. I’ve been pretty pro crypto over web 3 because it’s what the og’s use but I’m over it. The web 2 guys coming in seemed to coin this term and it got super cringe, but I think it’s actually really good. Much better connotation than crypto.

I hear crypto I think super shadowy coders in their parents basement.

I hear web 3 and I think NFT’s and defi and fun ways to rework the way we view assets and the internet.