Daily Futures Market Update: Goldman Sachs will launch three tokenization projects by the end of the year

The reversal from the historical highs in October is mainly attributed to fading optimism over US pro-crypto policies, a shift in the macro market toward risk aversion, and the quiet withdrawal of institutional buyers such as ETF investors.

On-chain, social media, gaming, and the metaverse will all be tokenized.

By introducing the concept of preconfirmation, Taiko and many Based Rollup Layer2 projects are building a transaction confirmation system that enables users to confirm transactions more quickly and reliably.

Despite the ongoing efforts of new chains such as Sui, Aptos, and Sei, they have not posed a substantial threat to Solana. Even though some user traffic has been diverted to application-specific chains, Solana still firmly holds its leading position among general-purpose chains.