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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 (โ†“4.58% 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

This Week in Solana

๐Ÿšจ August 26 - CNBC Replaces BCH & LTC with SOL: CNBC removes Bitcoin Cash and Litecoin from their news coverage in favor of Solana.

Source: @SolanaFloor

๐Ÿšซ August 27 - Clockwork to Shutdown: Solana-based smart contract automation startup, Clockwork, announces that it will soon cease operations due to โ€œlimited commercial upsideโ€.

๐Ÿ“ˆ August 28 - Solanaโ€™s 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.

๐Ÿš€ 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

๐Ÿ“ฑ August 28 - Sniper iOS Update: NFT marketplace, Sniper, releases a new iOS update featuring watchlist widgets for real-time NFT data.

๐Ÿ’ฐ 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

โšก 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

๐ŸŽต 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

๐Ÿ”ฅ 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.

๐ŸŒ 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

๐ŸŽฎ 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

๐Ÿ’ก August 31 - Solana Announces Hackathon: Solana announces its next online hackathon, Hyperdrive, starting September 6, 2023.

Source: @solana

๐Ÿ’ผ 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.

๐ŸŽ August 31 - Tensorโ€™s 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

๐Ÿ”ง 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

๐ŸŽฎ 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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