Here's What Happened In Crypto Today: Solana Surpasses Ethereum

What’s Happening in Crypto Today: WLFI's Major Crypto Investments

The crypto space is witnessing major shifts, with new data, institutional moves, and regulatory changes all playing a key role in shaping the industry. Here’s a look at the top crypto news today.

WLFI's Major Crypto Investments

World Liberty Financial (WLFI), a decentralized finance project endorsed by President-elect Donald Trump, has made notable investments in three cryptocurrencies within a 24-hour period. The project allocated $12 million to Ethereum (ETH), Chainlink (LINK), and Aave (AAVE), utilizing USD Coin (USDC) for these transactions.

Solana Overtakes Ethereum in Developer Growth:

Solana has surpassed Ethereum in new developer growth for the first time since 2016, with 7,625 new developers joining in 2024 compared to Ethereum's 6,456. This shift highlights Solana's increasing appeal, especially in Asia, challenging Ethereum's dominance.

Grayscale Launches Lido and Optimism Investment Funds:

Grayscale Investments has introduced two new investment trusts for Lido (LDO) and Optimism (OP), focusing on Ethereum Layer 2 protocols. These funds reflect growing institutional interest in DeFi and Ethereum scalability solutions.

Brian Quintenz: Trump’s Pick for CFTC Chair:

Brian Quintenz, former CFTC commissioner and current head of policy at Andreessen Horowitz’s crypto division, is President-elect Donald Trump’s choice for the next CFTC chair. His appointment could significantly impact cryptocurrency regulation.

Superform Labs Raises $3 Million to Launch SuperVaults:

Superform Labs has raised $3 million to launch SuperVaults, non-custodial yield products for earning passive income on assets. Their flagship product, SuperUSDC, aims to offer high returns for USDC holders through automated yield optimization.

Taurus Expands into Turkey:

Taurus, backed by Deutsche Bank and Credit Suisse, is expanding into Turkey with a new office in Istanbul. This move aims to offer digital asset custody and tokenization services, positioning Istanbul as a hub for financial innovation.

Aave and Balancer V3: A New Era for DeFi:

Balancer's V3 upgrade introduces 100% Boosted Pools and custom hooks, optimizing liquidity for DeFi protocols. Partnering with Aave, this upgrade ensures liquidity for swaps while generating yields in external markets.