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  • Solana Weekly Recap: Issue No.3 | August 19 - 25, 2023

Solana Weekly Recap: Issue No.3 | August 19 - 25, 2023

Solana achieves 6-month 100% uptime; Brave browser adds Solana NFT token-gating; Solana Pay integrates with Shopify; Maple Finance returns post-FTX collapse.

Solana Network Snapshot

  • SOL Price: ~$21.90 โ†’ ~$20.22 (โ†“7.67% since August 19)

  • Total Value Locked (TVL): ~$309.18 โ†’ ~$309.21m (โ†‘$0.03m since August 19)

  • Transactions Per Second (TPS): ~4.12k

  • Nakamoto Coefficient: 31

  • Top DeFi by TVL: Marinade Finance

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

This Week in Solana

๐ŸŽฎ August 20 - Star Atlas Rolls Out โ€œExperimental Modeโ€: Solana-based gaming metaverse, Star Atlas, unveils new "Experimental Mode" for players to preview levels currently in development.

๐Ÿ• August 21 - Solana Records 100% Uptime: Solana achieves 100% uptime in the last 6 months.

๐Ÿ’ August 21 - Monkey Munch Game Announcement: NFT project Solana Monke Business announces the upcoming launch of โ€œMonkey Munchโ€, a game developed in partnership with Octo Gaming.

๐ŸŒ August 21 - Solana Embraces New Narrative: Solana adopts the "Only Possible on Solana (OPOS)" narrative and kicks off a campaign around it.

๐Ÿ”’ August 21 - Phantom Unveils New Authentication: Web3 wallet Phantom launches "Sign In With Solana (SIWS)", a feature that enables apps to securely authenticate users using only a Solana address.

๐Ÿ” August 22 - Elusiv Introduces Private Token Swaps: Privacy solutions provider Elusiv introduces private token swaps on Solana, allowing users to trade assets anonymously using temporary keys.

๐Ÿฆ August 22 - Brave Browser Integrates Solana: Popular web browser Brave introduces Solana NFT token-gating to Brave Talk.

๐Ÿ’ฐ August 22 - Marinade Celebrates 1M SOL Staked: Marinade, a non-custodial liquid staking protocol on Solana, celebrates over 1 million SOL staked in its one-month-old product, Marinade Native.

๐Ÿ“ˆ Aug. 22 - Kamino Finance Hits $1B Volume: Kamino Finance, a Solana-based automated yield vaults provider, marks surpassing over $1 billion in total volume since its launch.

๐ŸŒ August 23 - Euro Stablecoin Debuts on Solana: Membrane Finance launches the first euro stablecoin, EUROe, on Solana, supported by Wirex and compliant with upcoming MiCA regulations.

๐Ÿ’ณ August 23 - Solana Pay Integrates with Shopify: Decentralized payment protocol Solana Pay integrates with Shopify, extending its plug-in for seamless transactions to millions of businesses.

๐Ÿ”„ August 23 - Maple Returns to Solana: After pausing due to the collapse of cryptocurrency exchange FTX, Maple Finance returns to Solana with its Cash Management Solution, providing yields backed by U.S. Treasury Bills.

๐Ÿ”ง August 23 - Cypher Accelerates IDO: Following a recent $600k exploit, Solana-based DEX Cypher Protocol announces the acceleration of an IDO as part of their recovery strategy.

๐Ÿš€ August 23 - Phoenix Launches On-Chain Order Book: Phoenix launches its decentralized limit order book on Solana.

๐Ÿ”Œ August 23 - Solana Labs Releases ChatGPT Plugin: Solana Labs rolls out ChatGPT plugin, simplifying Solana blockchain queries.

๐Ÿ“ฐ August 24 - Bybit Comments on Solana Projects: Bybit's co-founder, Ben Zhou, states that the exchange hasn't encountered any notable projects on Solana since the FTX incident.

๐Ÿ’น August 24 - Marginfi Crosses $1B Volume: Solana-based lending and borrowing protocol, marginfi V2, surpasses $1 billion in total volume.

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