Solana Network Snapshot

• SOL Price: ~$29.32 → ~$31.72 (↑8.18% since October 21)

• Total Value Locked (TVL): ~$354.36m → ~$378.19m (↑$23.83m since October 21)

• 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 21 - Marinade Finance TVL Skyrockets: Staking protocol, Marinade Finance, sees a 58% increase in its TVL, jumping from $140 million to $237 million within only 24 hours.

Source: @SolBulletin

🚫 October 23 - Marinade Finance Exits UK Market: The leading Solana-based DeFi protocol begins blocking users from the United Kingdom, citing Financial Conduct Authority (FCA) regulations.

Source: EconoTimes

🔄 October 23 - Drift Protocol Integrates CCTP: Decentralized exchange, Drift Protocol, adopts the Cross-Chain Transfer Protocol (CCTP), facilitating the transfer of USDC from various blockchains directly to Solana via Drift.

Source: @DriftProtocol

🔗 October 24 - Ryder Announces Solana Integration: Hardware wallet provider, Ryder, reveals its decision to integrate Solana, aiming to streamline the self-custody onboarding process and leverage Solana's decentralized payment standards.

Source: @Ryder_ID

💰 October 24 - Squads Partners with Maple for Yield Earning: Multi-signature solution, Squads, integrates with Maple's Cash Management product, enabling users to earn yield from U.S. T-Bills on their idle USDC treasury via the SquadsX wallet.

Source: @SquadsProtocol

🚀 October 25 - DSCVR Launches on Solana: Web3 social media platform, DSCVR, launches on Solana to expand its tokenized community features to Solana users.

Source: Business Wire

📈 October 25 - SOL Records 2023 High: Solana's native token, SOL, records a new high for the 2023 calendar year, reaching a price of $33.90.

Source: TradingView

📧 October 25 - Mailchain Introduces .SOL Mail: Web3 communication layer, Mailchain, rolls out .SOL mail functionality, enabling .SOL to .SOL email exchanges and communication with other Web3 identities.

Source: @Mailchain_xyz

🎁 October 25 - Phantom Offers DRiP Access: Phantom, a crypto wallet, integrates with the NFT drop platform, DRiP, enabling users to instantly access and claim exclusive Solana-based collectibles.

Source: @phantom

🎮 October 25 - Oogy Ventures into Gaming: NFT-focused project, Oogy, announces its upcoming beta for Oogy Blast, a game where players can engage in battles to earn in-game currency, cNFTs, and other rewards.

Source: @oogyNFT

🚨 October 26 - FTX Moves SOL Assets: Defunct crypto exchange, FTX, moves 470,000 SOL, valued at over $15 million, from its cold storage facilities to various crypto exchange addresses.

Source: CoinDesk

🌱 October 26 - Solana Labs Initiates Incubator Program: Solana's development arm, Solana Labs, kicks off its incubator program, aimed at furthering support for startups developing on the Solana network.

Source: @solanalabs

🐶 October 26 - Bonk Debuts Crash Bonk Game: Dog-themed meme coin, Bonk, debuts Crash Bonk, a multiplier roulette game powered by their ecosystem’s native currency, BONK.

Source: @bonk_inu

🧸 October 26 - Claynosaurz Reveals Plushie Toys: NFT project and collection, Claynosaurz, unveils physical Claynosaurz plushie toys.

Source: @Claynosaurz

🤝 October 26 - IoTeX Integrates Solana for DePIN Expansion: IoTeX, a layer 1 blockchain, integrates its off-chain compute platform, W3bstream, with Solana to boost real-world data applications in the DePIN sector.

Source: @iotex_io

⛽ October 27 - Helio Goes Gasless on Solana: Web3 payments platform, Helio, eliminates gas fees by covering all Solana transaction costs within their dApp.

Source: @helio_pay

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!