Don't let anxiety get the best of you... How are you feeling | LocademiaCripto on Binance Square

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Don't let anxiety get the best of you... How are you feeling right now?

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Memecoins have been the dominant narrative this year, generating significant activity among traders. Given that they have also been the best-performing sector so far this year, with an impressive return of 280%, it’s no surprise they have garnered so much interest. Chains like #Solana and #Base have been popular routes for #memecoin🚀🚀🚀 trading, benefiting from increased on-chain activity and a rise in daily active addresses. As previously shown in LocademiaCripto, the number of weekly DEX traders on Solana skyrocketed from around 455,000 to 2.9 million at its peak in June, nearly a sixfold increase. Base has also outperformed several other chains in this metric, averaging over 1 million weekly DEX traders in July. While not all this growth can be attributed exclusively to memecoins, they have undoubtedly played a crucial role in boosting activity on these chains. The token supply structures of memecoins have also contributed to their popularity. Many memecoins have all their tokens unlocked and circulating from the TGE, eliminating the selling pressure from future dilutions. Many have a market cap equal to the fully diluted valuation, indicating that holders won’t suffer additional dilution from token emissions. This structure has partly played a role in the appeal of memecoins, especially as awareness grows about the effects of significant token unlocks, even if the tokens may lack utility. It will be interesting to observe how this popularity evolves in the coming months and whether memecoins can continue to be a dominant force in the market. 💡 Stay ahead of the curve with LocademiaCripto! Give us a thumbs up for insightful news and educational guides. Your likes fuel our passion for delivering quality content, so don't hesitate to show some love!

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Activity on Solana's DEXs has been increasing and showing strength over the past six months. A key factor behind this surge has been memecoins, which have been the most prominent narrative this year and central to Solana's growth. Many traders have chosen Solana as their preferred chain for trading memes, thanks to its relatively low transaction fees and its cohesive, non-fragmented suite of products. Solana has also generated organic memecoin activity through the airdrop of the memecoin BONK to Solana Saga Mobile owners. As we know, BONK has become one of the leading memecoins this cycle, along with other Solana-based tokens like WIF. As shown in the screenshot, weekly DEX traders on Solana have experienced significant growth compared to the rest of the market, reaching new all-time highs. While not entirely attributable to memecoin trading, this has likely been a key factor in the growth. The launch and growth of pump.fun have also been crucial to the memecoin narrative on Solana. Pump.fun is a simple platform dedicated to the creation and trading of memecoins. It addresses classic issues of unfair distribution and rug pulls by ensuring each token is a fair launch, with no presale and no team allocations. Since users can create and deploy a new memecoin in about 2 minutes for 0.02 SOL, this platform has significantly expanded the memecoin trading market on Solana. Over 1.5 million new memecoins have been deployed through pump.fun, while the platform has generated more than 512K SOL in revenue (approximately $86 million). 📚 Elevate your crypto knowledge with LocademiaCripto! Show your appreciation by giving us a thumbs up and stay tuned for more informative content. Your likes inspire us to keep sharing valuable insights! #SolanaStrong $SOL #memecoin🚀🚀🚀

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Don't forget to vote! It's really important to know if people actually play those "tap to earn" games or if it's just marketing hype!!!

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Re-staking, which allows users to reuse their already staked tokens to provide security for other applications, has been a dominant narrative in #Ethereum over the past six months. #EigenLayer , the largest and one of the pioneering projects in this sector, has led this narrative and dominates the majority of the total value locked (TVL) in the market. Currently, EigenLayer holds $16 billion in TVL, representing more than 85% of the total market. To summarize briefly, EigenLayer allows Ethereum stakers to reuse their staked ETH to secure other applications (known as Actively Validated Services or "AVS"). Stakers can select these services and earn a yield for doing so. In return, they agree to grant EigenLayer additional slashing rights over their staked ETH. 💡 Stay ahead of the curve with LocademiaCripto! Give us a thumbs up for insightful news and #educational guides. Your likes fuel our passion for delivering quality content, so don't hesitate to show some love!

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If you usually make money when prices "go up" on Binance SPOT, now that prices are "going down," you need to understand that you can still make money. How? Sell the asset, then buy it back at a lower price. The difference is your profit! Can this be done in SPOT? YES, but only if you already have the asset you want to sell. Very interesting, but if you don't have the asset (buying it is not an option because you know the price is trending down), then you can turn to Binance Futures (and if you don't have experience, it's recommended to go with NO LEVERAGE). If you've never opened your special futures wallet on Binance, I recommend using the code LOCADEMIA for superpowers and commission discounts! (Link: www.binance.com/futures/ref/locademia) The wallet is opened to keep the money (USDC or USDT) separate from your spot account. For now, only operate with these two stablecoins. If it's your first time, make sure to set the trade to ISOLATED and with NO LEVERAGE, i.e., 1x. If you need a hand, comment here with the details and I'll do my best to help you out. #MarketDownturn

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