9. Tax cons iderations: track cost ba sis, report airdrops as incme, nd docuent all transactions for capital gains calculations.
- 0 replies
- 0 recasts
- 0 reactions
Cross-chain activity expands altcoin ecosystems by enabling interoperability and liquidity sharing across different blockchains. When users can move assets seamlessly between networks, projects gain broader adoption and stronger utility. For example, bridging Ethereum tokens into Solana or Layer 2 ecosystems increases trading opportunities and demand. Cross-chain protocols also allow decentralized applications to reach new user bases, enhancing network effects. However, security risks from bridge exploits can undermine trust. Sustained cross-chain adoption signals ecosystem growth, while stagnation suggests limited relevance. Ultimately, healthy cross-chain activity supports token valuations by fostering utility, liquidity, and integration across the broader crypto landscape.
- 0 replies
- 0 recasts
- 0 reactions
LST discount narrowing signals stronger market confidence in underlying staked assets, while widening gaps may indicate liquidity stress.
- 0 replies
- 0 recasts
- 0 reactions