Been digging more and more into Solana's ICM roadmap Short-term, we're going to start seeing some experimentation around application controlled execution (ACE). Problem - Microstructure getting in the way of app execution (IBRL progress excellent). Solution- Give apps control of their own execution, aka ACE. Timeline - Next few months start seeing early examples w/ Jito's BAM (Drift, Dflow, and Pyth mentioned). BAM will give ACE functionality to large amounts of stake immediately so once these are launched they should give good initial indications on effectiveness. Some thoughts: - Solana developers have proven time and again they move quickly to ensure the chain functions as intended, shift is now from IBRL to microstructure. - Until its up and running, Solana risks seeing project launch on Solana and trade on Hyperliquid (see PUMP). W/ HyperEVM eventually vying for the asset issuance role as well, this gives some urgency to the matter. - Until actually implemented, prop AMMS are partially filling the gap. They are the major reason behind why SOL spreads on Solana are so tight. - Beyond ACE, there's several other upgrades coming to market like Alpenglow, Double Zero, APE, and MCL. These are phased for next 1-3 years. - Read Solana roadmaps, they're very straight forward and give exact problems and solutions the teams are exploring.

A new breed of public companies is on the rise: Digital Asset Treasury Companies (DATCOs). They don’t just hold crypto; they’re designed to accumulate it. These firms raise capital, buy digital assets, and use tools like ATMs and PIPEs to scale their holdings, creating a powerful loop of equity growth and treasury expansion.

HyperEVM appears to be both cursed and blessed with its relation to HyperCore currently The blessings are obvious with userbase, use cases, etc The curse however comes in the form of HYPE supply on the EVM’s constraint due to staking fee discounts exclusive to native stakers on HyperCore. Many of the largest HYPE holders and HL traders gain more from vanilla staking on HyperCore than the capital efficiency gained via an LST like kHYPE, leaving millions of HYPE that will not be used on HyperEVM Solution here seems to be to let liquid stakers also take part in fee discounts—curious to hear arguments against this however (would certainly need a community vetting process of LSTs, etc)

Solana MNB adopted Agave v2.3 just before last weekend started which marks v2.2's end. Agave release cycle time has been trending down with v2.x, but v2.2 was the shortest in the last 3 years TLDR: Agave is continuing to introduce improvements and doing so at an accelerated rate

Awesome new piece by Will

DIGITAL ASSET TREASURY COMPANIES my first full-length @galaxyhq report they now hold $100B+ in crypto globally full report linked in replies

STABLECOINS ARE NARROW BANKS and they will be the most disruptive innovation to traditional banking and payments in decades @nic__carter and i discussed this at length in the latest episode of @galaxy__brains

For over a year, I've been wondering - can we improve Bitcoin's settlement assurances and stabilize Nakamoto consensus? And how will new opcodes and new fees impact miner economics and, more critically, network stability? We explore this and more in Pooling in OP_CAT's World

The SIMD-0256 proposal to increase Solana's block limit to 60M CU has been activated on the mainnet. The block space may increase to 100M CU by the end of this year. Compute Unit (CU) is similar to Ethereum's Gas.

Follow the whole @glxyresearch team @intangiblecoins @TheThadP @ZackPokorny_ @Uptodatenow @mustbetherosas @ninja_five_ @MarcHochstein @owenswill14 @jackimmanuel_