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  • Solana Weekly Recap: Issue No.16 | November 18 - 24, 2023

Solana Weekly Recap: Issue No.16 | November 18 - 24, 2023

Backpack Exchange opens deposits; BONK records new ATH; Pyth Network airdrop goes live; Phantom unveils cross-chain bridge.

Author

Nezha
November 24, 2023

Covering Solana ecosystem highlights: November 18 - 24, 2023. Solana is a high-performance layer 1 blockchain with high throughput capabilities driven by its native token SOL. Curated by marketing experts at Nezha.

Solana Network Snapshot

  • SOL Price: ~$56.34 → ~$57.55 (↑2.15% since November 18)

  • Total Value Locked (TVL): ~$581.92m → ~$605.42m (↑$23.5m since November 18)

  • Nakamoto Coefficient: 23

  • Top DeFi by TVL: Marinade Finance

  • Top NFT Collection (7-day volume): Sols SPL20

This Week in Solana

🎒 November 18 - Backpack Exchange Opens Deposits: Allowing all KYC-verified users to start depositing funds.

🐕 November 19 - BONK Records ATH: The popular Solana-based dog coin surges to a new all-time high.

Source: @SolBulletin

🌐 November 20 - Pyth Network Airdrop Goes Live: Allowing eligible users to claim PYTH.

Source: @PythNetwork

🔗 November 20 - Synapse Adds Solana Support: Enabling bridging between Ethereum and Solana networks.

🟢 November 20 - Solana Maintains 100% Uptime: Despite increased activity from PYTH airdrop.

Source: @SolBulletin

🌉 November 20 - Phantom Unveils Cross-Chain Swapping: Users can now seamlessly bridge tokens between Ethereum and Solana ecosystems.

Source: @phantom

💹 November 21 - Ovols Introduces NFT DCA: A new product allowing users to dollar cost average into NFTs.

Source: @OvolsNFT

🦖 November 21 - Claynosaurz Achieves Plushie Sell-Out: Over 1600 first-edition toys snapped up by enthusiasts.

Source: @Claynosaurz

📈 November 22 - Binance Lists BONK & PYTH Perpetuals: Expanding its futures platform with new Solana-based token offerings.

Source: Binance

📱 November 22 - Solend Launches Mobile App: A native Android app on the Solana dApp store for streamlined lending and borrowing.

💧 November 22 - Rain.fi Introduces P2P DeFi Loans: Custom peer-to-peer lending now available on the Solana network.

Source: @RainFi_

🚀 November 23 - Solana NFT Sales Soar: 24-hour NFT sales volume exceeds 100,000 SOL.

🔄 November 24 - Solana Overtakes Bitcoin: Surpasses Bitcoin in daily active addresses.

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