Solana Network Snapshot

• SOL Price: ~$23.30 → ~$22.06 (↓5.32% since October 07)

• Total Value Locked (TVL): ~$325.80m → ~$310.99m (↓$14.81m since October 07)

• Nakamoto Coefficient: 26

• Top DeFi by TVL: Marinade Finance

• Top NFT Collection (7-day volume): Reavers

Sources: DefiLlama, Nakaflow, Magic Eden

This Week in Solana

🎉 October 08 - Hub3 Celebrates $2 Million: Decentralized social platform, Hub3, celebrates hitting 2 million USD in volume.

Source: @hub3ee

📈 October 09 - Solana Records Peak Inflows: Solana experiences its highest week of inflows since March 2022.

Source: @SolanaFloor

🎉 October 09 - Elusiv Hits $10 Million: Privacy protocol, Elusiv, records over 10 million USD in lifetime dApp volume.

Source: @elusivprivacy

🗣️ October 09 - Friendzy Launches Custom Chats: SocialFi platform, Friendzy, launches custom chat features.

Source: @Friendzygg_

🔒 October 09 - Backpack Introduces NFT Collection Locking: Crypto wallet, Backpack, rolls out NFT collection locking, securing NFT collections by rejecting unauthorized modification attempts.

Source: @armaniferrante

🛠️ October 10 - Shyft Releases NFT Tool: Dev tool provider, Shyft, drops airdrop.shyft.to, a free tool enabling users to fetch owner wallets of specific NFT collections.

Source: @Shyft_to

🤝 October 10 - TipLink Integrates Bonfida's SNS: Crypto payments platform, TipLink, partners with Bonfida’s Solana Name Service (SNS), allowing users to claim TipLink’s using just their .SOL address.

Source: @TipLinkOfficial

🔐 October 10 - Coinbase Custody Supports JitoSOL: Coinbase Custody adds support for JitoSOL, a MEV-powered liquid staking token.

Source: @jito_sol

🔄 October 11 - Banx Debuts Perpetual P2P NFT Loans: Lending protocol, Banx, introduces perpetual peer-to-peer NFT loans, facilitating flexible, governance-controlled lending.

Source: @banx_gg

✅ October 11 - Drift Protocol Integrates Auto-Confirm: Decentralized exchange, Drift Protocol, integrates Phantom's Auto-Confirm, enabling one-click deposits, trades, and more within the Drift dApp.

Source: @DriftProtocol

🔗 October 12 - OKX Adds USDT & USDC Solana Support: Cryptocurrency exchange, OKX, adds support for USDT-Solana and USDC-Solana deposits and withdrawals.

Source: OKX

Enjoyed the Updates?

If you liked what you read, please share our newsletter with your friends. It's a tiny favor, but it lights up our day. Thanks for being part of our community!