Solana Network Snapshot

• SOL Price: ~$22.00 → ~$26.89 (↑22.23% since October 14)

• Total Value Locked (TVL): ~$312.49m → ~$339.72m (↑$27.23m since October 14)

• Nakamoto Coefficient: 23

• Top DeFi by TVL: Marinade Finance

• Top NFT Collection (7-day volume): Solcasino.io

Sources: DefiLlama, Nakaflow, Magic Eden

This Week in Solana

🌐 October 15 - Solana Partners with Dubai Free Zone: Solana becomes an ecosystem partner of the Dubai Multi Commodities Centre (DMCC) to support its Crypto Centre members.

Source: DMCC

🔍 October 16 - SolanaFM Debuts FM Quantum: Solana explorer, SolanaFM, opens early access to its FM Quantum product, touted as the most user-friendly and easy-to-navigate explorer on Solana.

Source: @solanafm

💰 October 16 - Squads Secures Funding: Multi-signature solution, Squads, raises $5.7 million in a recent strategic funding round.

Source: @SquadsProtocol

🚫 October 16 - Lido Finance Sunsets Solana Operations: Liquid staking protocol, Lido Finance, announces the winding down of its operations on the Solana blockchain after a community vote via Lido DAO.

Source: @LidoFinance

🚀 October 16 - Hyperdrive Sees Record Submissions: Solana's Head of Growth, Matty Taylor, reveals that the Hyperdrive hackathon has received an unprecedented number of submissions.

Source: @mattytay

🤖 October 16 - Aperture Teases AI-Powered Explorer: Aperture, a dev tool provider, teases a Solana explorer functionality that would simplify blockchain transaction data into comprehensible language using AI.

Source: @ApertureAI_

🔧 October 17 - Bonfida Expands .SOL Features: Bonfida, behind the Solana Name Service (SNS), rolls out features allowing users to modify the storage size of their .SOL domain.

Source: @bonfida

🦈 October 17 - Sharky Launches Testnet: NFT-lending protocol, Sharky, announces that its SharkyEVM testnet is live.

Source: @SharkyFi

🔗 October 18 - Circle Launches CCTP on Solana: USDC creator, Circle, release the Cross-Chain Transfer Protocol (CCTP) to Solana's devnet, with permissionless transfers from Ethereum and various networks to Solana's mainnet in the near future.

Source: @circle

📘 October 18 - Messari Analyzes Solana's Q3: Research firm, Messari, publishes a detailed report on the "State of Solana Q3 2023," examining its performance, developments, and other key metrics.

Source: @MessariCrypto

📈 October 19 - SOL/ETH Hits 2023 High: The SOL/ETH pairing records a 2023 high of $0.01644.

Source: @DegenerateNews

🦍 October 19 - Degenerate Ape Academy Launches V2: NFT collection, Degenerate Ape Academy, introduces V2 “Higher Self” designs, enabling collectible owners to upgrade while retaining V1 traits.

Source: @degenapeacademy

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