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- Solana Weekly Recap: Issue No.4 | August 26 - September 01, 2023
Solana Weekly Recap: Issue No.4 | August 26 - September 01, 2023
CNBC Replaces BCH & LTC with SOL; Clockwork to Shutdown; Solana Hackathon Announced; Solana as Basis for NewChain.
Solana Network Snapshot
SOL Price: ~$20.29 โ ~$19.36 (โ4.58% since August 26)
Total Value Locked (TVL): ~$308.48 โ ~$308.72m (โ$0.24m since August 26)
Transactions Per Second (TPS): ~4.39k
Nakamoto Coefficient: 31
Top DeFi by TVL: Marinade Finance
Top NFT Collection (7-day volume): Meegos
Sources: DefiLlama, Solana Explorer, Nakaflow, Magic Eden
This Week in Solana
๐จ August 26 - CNBC Replaces BCH & LTC with SOL: CNBC removes Bitcoin Cash and Litecoin from their news coverage in favor of Solana.
Source: @SolanaFloor
๐ซ August 27 - Clockwork to Shutdown: Solana-based smart contract automation startup, Clockwork, announces that it will soon cease operations due to โlimited commercial upsideโ.
Source: @time_composer
๐ August 28 - Solanaโs DEX Volume Up 49% YoY: Despite the collapse of cryptocurrency exchange FTX in 2022, Solana's DEX volume rose 49% year-on-year from July 2022 to July 2023.
Source: @StepDataInsight
๐ August 28 - Zeta Markets Launches V2: Options trading platform, Zeta Markets, launches its v2 with a new UI, backend improvements, and enhanced speeds.
Source: @ZetaMarkets
๐ฑ August 28 - Sniper iOS Update: NFT marketplace, Sniper, releases a new iOS update featuring watchlist widgets for real-time NFT data.
Source: @solsniperxyz
๐ฐ August 29 - KING Secures $750K: KING successfully concludes its pre-seed funding round, securing $750k from strategic investors for ecosystem growth in payments and gaming.
Source: @KINGcoinsol
โก August 30 - Circle Reports 400ms Settlements: USDC stablecoin issuer, Circle, reports settlement speeds on the Solana blockchain to be 400 milliseconds, outpacing other layer 1 networks.
Source: Circle
๐ต August 30 - DRiP & YouTube EDM Star Unite: DRiP, known for its free NFT airdrop approach, teams up with top YouTube EDM creator to launch Drop Nation and mass airdrop EDM track NFTs.
Source: @drip_haus
๐ฅ August 30 - The Heist Burns $2.56M: Game-driven NFT project, The Heist, burns 4.2 billion COCO, equivalent to $2.56 million at the time of execution.
Source: @playtheheist
๐ August 30 - Phantom Adds cNFT Support: Web3 wallet, Phantom, launches support for tracking compressed NFTs (cNFTs), enabling users to follow their activity across various transactions.
Source: @phantom
๐ฎ August 30 - Portal Integrates Solana: Portal, a cross-chain gaming ecosystem, partners with Solana to offer new game grants, boost Web2 distribution, and propel major platform broadcasts.
Source: @Portalcoin
๐ก August 31 - Solana Announces Hackathon: Solana announces its next online hackathon, Hyperdrive, starting September 6, 2023.
Source: @solana
๐ผ August 31 - Coinbase Upgrades USDC Offering: Coinbase Institutional introduces an upgrade in its custody offering for USDC on Coinbase Prime, with multi-chain support now available on the Solana network.
Source: @CoinbaseInsto
๐ August 31 - Tensorโs Sweep Funds Airdrop: NFT marketplace, Tensor, gifts free NFTs to "Tensorians" holders, funded by an 11,000 SOL sweep from its recent mint.
Source: @tensor_hq
๐ง September 01 - Solana as Basis for NewChain: MakerDAO co-founder, Rune Christensen, suggests using the Solana codebase for Maker's upcoming native blockchain, NewChain.
Source: @RuneKek
๐ฎ September 01 - Star Atlas Previews Race Track: Gaming metaverse, Star Atlas, previews alien vs human racers in new ground track gameplay.
Source: @staratlas
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