In this week's episode, we kicked things off with an honest review of Solana's Breakpoint conference which I have been at for the past week. I had two big takeaways from the conference:
1. Solana is going to endure well beyond this market cycle
2. We are approaching a top in the current market cycle
The folks at Solana absolutely hit it out of the park with this conference, and there were lots of great projects building on the ecosystem. In particular, I was most interested to hear from the developers building out financial primitives (banking interfaces, decentralized options, structured, projects, etc...). But there were plenty of signs of excess, which Mark and I get into in the episode.
After the Solana recap, we got into the 6.2% October CPI print, and took a look at historical comparisons of the 1940s and 1970s. After that we moved onto signs of excess speculation in the market, with a particular focus on spot and option trading volumes. We also took a look at historical S&P earnings and valuation metrics, and finally ended with conflicting narratives on household debt.
--
Ledger:
This episode is brought to you by Ledger, your secure gateway to buy, exchange and grow your crypto.
Combine a Ledger hardware wallet with the Ledger Live app to access all your favorite crypto services & DApps from one place. All that with the best security.
Visit https://onthemargin.link/ledger and make your crypto journey easier and safer.
--
Coinbase Prime:
On The Margin is supported by Coinbase Prime, an integrated solution that provides advanced multi-venue trading, custody, and prime services for institutions.
For more information go to https://onthemargin.link/coinbase
---
On the Margin is brought to you by Blockworks, a financial media brand delivering breaking news and premium insights about digital assets to millions of investors. For more content like this, subscribe to Blockworks' free daily newsletter: https://blockworks.co/newsletter/
