Owning the Casino Stack: SOL, JTO, RAY, BONK (Core Strategy Rebalance)
Oct 24, 2024
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SOL Outperformance
Last week, we highlighted the explosive activity on Solana as DEX volumes surpassed those on Ethereum, leading us to increase SOL's weighting in our Core Strategy. These elevated DEX volumes have persisted through this week, and SOL has dramatically outperformed, breaking out against ETH and gaining ground against BTC—all amid a sharp bond selloff and a rally in the DXY.
A significant portion of this volume has been driven by rampant speculation on memecoins. Today's note won't pontificate too much on the merits of memecoins...Finish reading this report for free
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