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  • Solana Weekly Recap: Issue No.2 | August 12 - 18, 2023

Solana Weekly Recap: Issue No.2 | August 12 - 18, 2023

Solana records highest 2023 TVL; Tokenized Bitcoin debuts; The Heist's "Orangutans" rank 2nd across all chains; Helium's $5 mobile plan; Cypher freezes $600k post-breach.

Solana Network Snapshot

  • SOL Price: ~$24.22 โ†’ ~$21.88 (โ†“9.65% since August 12)

  • Total Value Locked (TVL): ~$309.29m

  • Transactions Per Second (TPS): ~4.86k

  • Nakamoto Coefficient: 31

  • Top DeFi by TVL: Marinade Finance

  • Top NFT Collection (7-day volume): The Heist: Orangutans

This Week in Solana

๐Ÿ“ˆ August 12 - Solana TVL Peaks: Solana records its highest TVL of 2023.

๐ŸŽฎ August 13 - Star Atlas Unveils Racing Gameplay: Solana-based gaming metaverse, Star Atlas, teases ground race track gameplay.

๐Ÿ”— August 14 - Loch Integrates with Solana: Portfolio management platform, Loch, integrates with Solana to enhance its DeFi and CeFi offerings.

๐ŸŽ‰ August 14 - DRiPโ€™s 25M Milestone: DRiP, known for its free NFT airdrop approach, celebrates the minting of its 25 millionth collectible on Solana.

๐Ÿš€ August 15 - tBTC Debuts on Solana: Threshold Network's Tokenized Bitcoin, tBTC, launches on Solana, bridging Bitcoin with DeFi and marking its first non-EVM blockchain integration.

๐Ÿ“ฑ August 15 - Helium Mobile's $5 Plan: Helium Mobile rolls out a $5 unlimited plan in Miami, leveraging the people-built Helium Network.

๐Ÿฆฆ August 15 - Apps on Ottr: Solana-based self-custody wallet Ottr introduces โ€œAppsโ€ feature, offering a curated dApp list, swipe-to-sign transactions, and more within their interface.

๐Ÿ“ˆ August 17 - Solana Overtakes Dogecoin: Solana (SOL) climbs to the 8th spot in global cryptocurrency market cap, surpassing Dogecoin.

๐Ÿ”„ August 17 - Sanctum Rebrand: Formerly known as unstake.it, the platform rebrands to Sanctum, positioning itself as the next-generation stability protocol on Solana and integrating into Jupiter.

๐ŸŒ August 17 - The Heist's Rise: The Heistโ€™s "Orangutans" collection hits 2nd in 24-hour NFT sales across all chains.

๐Ÿค– August 17 - Bonk Launches BONKbot: Bonk introduces BONKbot, a Telegram trading bot powered by DEX aggregator Jupiter, optimizing Solana-based trading experiences.Source: @bonk_inu on Twitter

๐Ÿšซ August 18 - Cypher Protocol Update: After a security breach last week, Solana-based DEX Cypher Protocol manages to freeze $600k of stolen funds on exchanges.

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