Morning Minute | 5 Major Updates From Solana Breakpoint

TylerD's Market Summary

💸 Solana Breakpoint Off To A Fast Start

A new annual trade to remember -

Go levered long SOL into the Breakpoint conference.

SOL jumped 40% during last year's conference, and it's already up 9% today as this year's conference kicks off. And for a good reason - major updates are coming out by the hour.

What Happened?

Several major updates have poured in from leading protocols at Solana Breakpoint.

A few notable headlines:

• Firedancer goes live on testnet, frankendancer on mainnet with 20x+ performance increase
• Jupiter Mobile integrates Apple Pay, Google Pay and credit card onboarding
• Helio Pay allows Shopify merchants to sell products on X via Blinks
• Phantom introduces embedded wallets for easier onboarding
• $1.3T asset manager Franklin Templeton announces plans to launch a mutual fund on Solana

Just an incredible start to the conference, across infra, protocols, wallets and fund managers.

Why It Matters

Solana has gotten a bit of a reputation as "the memecoin chain" during 2024, but it's clearly much more than that.

With the Firedancer implementation, Solana's performance will level up and its lead over other major L1s in speed and usability will increase.

Jupiter Mobile and Phantom are clearly focused on mass onboarding and making their products easier to use and more accessible.

Helio is helping merchants across the world use Solana tech for eCommerce and selling directly on social media sites like X via Blinks.

And Franklin Templeton is showing how big money can find a place on Solana.

If this was the full suite of updates from the entire conference, I'd probably call it a win.

But we're just in the first day.

Break Point is living up to the hype so far. Bullish Solana.

🚚 What else is happening in NFTs?

Here is the list of other notable headlines from the day in NFTs:

• Ethereum led NFT trading volume with $3.6M on the day; Solana was next with $2.8M, and then Bitcoin with $1.9M
• ETH NFT leaders were slightly green up 1-2%; Punks even at 28.75 ETH, Pudgy +2% at 10.75, BAYC +2% at 11.87 ETH, Azuki even at 5.65
• CEDEN Keystone Nodes (+60%) were notable top movers
• BTC NFT leaders were mixed; NodeMonkes +1% at 0.14 BTC, Puppets -1% at 0.085 BTC, Quantum Cats -1% at 0.237
• The Runes leaders were mostly green with DOG -2% at $251M mc, RSIC +9% at $65M mc, PUPS +31% at $33M
• Solana NFTs were very red; Mad Lads -5% at 65.5 SOL, SMB Gen 2 -5% at 27.6, DeGods -1% at 23.6 SOL, Claynos -4% at 16
• BAYC's Dookey Dash debuted at #4 on the Apple Play Store list of free games with over 20k downloads in its first day

💰 Token, Airdrop & Protocol Tracker

Here's a rundown of major token, protocol and/or airdrop news from the day:

🌎 Around Crypto and Web3

A few other Crypto and Web3 headlines that caught my eye:

• Crypto majors are up again this morning after the BOJ kept rates the same; BTC +2 at $63,600; ETH +5% at $2,550, SOL +9% at $151; SUI and TAO led top movers up 12%
• Memecoin majors are also green with DOGE +2%, PEPE +5%, WIF +7%, BONK +5%, MOG +17%, POPCAT +5%; midtier Solana memes up 20-40%
• Police arrested 2 individuals tied to a $243M crypto heist after ZachXBT exposed their social engineering scam on X
• Ethereum devs confirmed plans to split the upcoming "Pectra" upgrade into two parts to ensure a smoother implementation and address potential technical challenges
• ConsenSys's lawsuit against the SEC and its chairman, Gary Gensler, was dismissed by the court
• Terraform Labs' plan to start winding down its operations was approved by a U.S. bankruptcy judge
• CT influencers Ansem and Bitboy are scheduled to fight in Dubai at Crypto Fight Week in early December with Bitboy opening up at a 2-1 favorite 

🚀 Memecoin Movers 

• $SoBULL (+117%, $27M market cap, SOL)
• $AURA (+44%, $16M market cap, SOL)
• $LOCKIN (+37%, $17M market cap, SOL)
• $GIGA (+34%, $222M market cap, SOL)
• $ANDY (+25%, $105M market cap, ETH)

📈 NFT Floor Price Increase (ETH)

• CEDEN Keystone (80%, 0.09 ETH Floor)
• oraand (54%, 0.08 ETH)
• PX Quest (27%, 0.38 ETH)
• Pirate Nation Founder's... (21%, 1.06 ETH)
• egg (16%, 0.13 ETH)

🗓 Upcoming Mints and Events

Today is the busiest day of the week for events and new drops.

Telegram game Catizen has its $CATI token launch this morning, which should provide some insight into the bigger Hamster Kombat token launch coming soon.

Then there are several PFP mints including Taproot Witches, Fractal Puppets and more.

See the full list and dive in for more details with Swizzy's daily mint monitor. 

• Catizen $CATI launch (8:00 a.m. ET)
• Seena - Ruggies (9:00 a.m. ET)
• Taproot Witches (10:00 a.m. ET)
• Fractal Puppets Season 2 (11:00 a.m. ET)
• Kirill Semnovich x Verse - The Book of Hope (1:00 p.m. ET)

Enjoy this write-up and/or want to sponsor the Morning Minute? Follow along with me on Twitter @tyler_did_it or reach out via email to tyler.d.warner@gmail.com.