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- Solana Weekly Recap: Issue No.1 | August 05 - 11, 2023
Solana Weekly Recap: Issue No.1 | August 05 - 11, 2023
Cypher DEX loses $1 million in exploit; PayPal's $PYUSD initiative with Solana halted after FTX collapse; Tensor's "Tensorians" flip Bored Ape Yacht Club in 24-hour NFT volume.
π¨ August 07, 2023 - Cypher DEX Exploit: Solana-based DEX, Cypher, faced a security incident, losing nearly $1 million in crypto. The protocol's contracts are currently frozen as efforts to negotiate a fund return with the hackers are underway.
Source: @cypher_protocol on Twitter
βΈοΈ August 07, 2023 - PayPal's $PYUSD and Solana: Issued on the Ethereum blockchain, PayPal's newly launched stablecoin $PYUSD had plans to debut on Solana in collaboration with FTX in 2022. However, due to the collapse of FTX, the initiative was halted.
Source: @WuBlockchain on Twitter
πΌοΈ August 08, 2023 β FRAKT Supports Tensor with cNFTs Lending: NFT lending protocol, FRAKT, announces lending/borrowing against Tensorβs "Tensorian" NFTs.
Source: @frakt_hq on Twitter
πΌοΈ August 08, 2023 β Tensor Launches cNFT Collection: Solana NFT marketplace, Tensor, launches public mint of its compressed NFTs (cNFTs) collection.
Source: @tensor_hq on Twitter
β August 08, 2023 - Phantom Introduces Auto-Confirm: Web3 wallet Phantom introduces "Auto-Confirm" feature to allow for automatic transaction signing. Initially available for trusted apps such as Magic Eden, OpenSea, and Tensor.
Source: @phantom on Twitter
β August 08, 2023 β Solflare Wallet Update: Solflare Wallet launches "Auto-Approve" functionality, streamlining connections with trusted decentralized applications (dApps).
Source: @solflare_wallet on Twitter
π August 08, 2023 β Nexo Supports Solana Transfers: Crypto lending platform Nexo now offers native Solana deposits and withdrawals.
Source: @Nexo on Twitter
π± August 09, 2023 - Saga's Price Cut: Solana's Android phone, Saga, is now priced at $599, down from $1000, in an effort to boost mobile Web3 adoption.
Source: @solanamobile on Twitter
π€ August 09, 2023 - Sharky & Honey Merger: Sharky acquires NFT lending platform, Honey, to accelerate and expand protocol development, as well as broaden outreach.
Source: @SharkyFi on Twitter
π August 09, 2023 - Tensorians Flip BAYC: Tensor's "Tensorians" collection surpasses Bored Ape Yacht Club (BAYC) in 24-hour NFT sales volume.
Source: @DegenerateNews on Twitter
ποΈ August 10, 2023 - Podcast with Solana Labs Co-Founder: The co-founder of Solana Labs, Anatoly Yakovenko, discusses Solana's trajectory, layer 2 hurdles, hardware scaling, and more in a Lightspeed podcast episode.
Source: @Lightspeedpodhq on Twitter
π€ August 11, 2023 - Burnt Partners with Bonfida: Burnt integrates Bonfida's Solana Name Service (SNS) into its XION products to enhance decentralized identities.
Source: @burnt_ on Twitter
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