RT Grayscale (@Grayscale)Grayscale Research believes that Solana’s diverse on-chain economy creates a strong foundation for $SOL ’s valuation and the necessary conditions for future growth.Read the latest on Solana: https://t.co/TivGBXOexr ...

Fantasy sports platform Sorare is migrating its entire NFT card collection to Solana by the end of October, bringing 5 million users to the blockchain in one of the largest consumer application migrations in Web3 history. The migration is fully automatic. All Sorare cards will be reissued as Solana NFTs, unlocking the ability to trade them on external marketplaces and store them in wallets like Phantom. User ETH balances will simultaneously move from StarkEx to Coinbase’s Base L2. According to Sorare, th ...

Core Insights - Coinbase Global (COIN) is collaborating with the founders of Sensible to enhance its on-chain consumer roadmap, aiming to establish itself as the leading "everything exchange" in the crypto industry [1][7] - The company is investing in infrastructure like Base, a low-cost Layer 2 solution designed to improve Ethereum's scalability, speed, and affordability for developers [2][7] - Coinbase's goal is to onboard one billion users onto the blockchain, necessitating a seamless user experience for crypto interactions [3] Competitive Landscape - Robinhood Markets (HOOD) is advancing its on-chain strategy with a Web3 wallet that simplifies crypto trading and access to DeFi for mainstream investors [4] - Block (XYZ) is enhancing its on-chain strategy through TBD, focusing on open-source protocols for decentralized finance and expanding Bitcoin's utility [5] Financial Performance - COIN shares have increased by 28.6% year-to-date, outperforming the industry [6][7] - The current price-to-earnings ratio for COIN is 51.2, significantly higher than the industry average of 20.57, indicating an expensive valuation [8] - Consensus estimates for COIN's EPS in 2025 have decreased by 1 cent, while estimates for 2026 have increased by 1 cent [10][11]