On Jul 09, 2024, 08:44 AM (UTC). According to Binance Market Data, Ethereum (ETH)  has crossed the 3,100 USDT benchmark and is now trading at 3,112.25 USDT, with a narrowed 2.97% increase in 24 hours.

According to Odaily, a developer wallet made a significant transaction two hours ago. The wallet exchanged 150 SOL (Solana) tokens for a staggering 98 billion $88022 tokens. Following the exchange, the tokens were distributed to 109 different wallets, with each wallet receiving approximately 8.9 billion tokens.

The transaction represents a significant movement within the cryptocurrency market, highlighting the ongoing activity and fluidity within this digital economy. The exchange of such a large number of tokens indicates a potential shift in the market dynamics, with the developer wallet seemingly favoring the $88022 tokens over the SOL tokens.

However, the reasons behind this massive exchange remain unclear. It could be a strategic move by the developer, or it could indicate a change in the perceived value of the respective tokens. As the cryptocurrency market continues to evolve, such transactions are expected to become more common, reflecting the dynamic nature of this digital economy.

According to Odaily, Taiko has announced that its network now supports permissionless proposals and proofs. This development means that anyone can set up Taiko nodes and validators without the need for any third-party or centralized intermediaries. This move brings Taiko closer to complete decentralization.

The ability to set up nodes and validators without permissions is a significant step towards decentralization. It allows for a more democratic and inclusive network where anyone, regardless of their technical expertise or resources, can participate. This is a significant development for Taiko and the broader blockchain industry, as it demonstrates a commitment to the principles of decentralization.

In conclusion, Taiko's recent announcement of supporting permissionless proposals and proofs is a significant step towards achieving complete decentralization. It allows anyone to set up nodes and validators without the need for any third-party or centralized intermediaries, thereby making the network more democratic and inclusive.