• Nezha.fi
  • Posts
  • Solana Weekly Recap: Issue No.5 | September 02 - 08, 2023

Solana Weekly Recap: Issue No.5 | September 02 - 08, 2023

Lido seeks $1.5M, risks Solana support; Visa integrates Solana for USDC settlements; Solana hits 500th epoch; MKBHD critiques Solana's Saga phone.

Solana Network Snapshot

  • SOL Price: ~$19.50 β†’ ~$19.56 (↑0.31% since September 02)

  • Total Value Locked (TVL): ~$309.12m β†’ ~$307.99m (↓$1.13m since September 02)

  • Transactions Per Second (TPS): ~4.26k

  • Nakamoto Coefficient: 31

  • Top DeFi by TVL: Marinade Finance

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

This Week in Solana

πŸŽ‰ September 02 - Kamino Celebrates 1-Year: Automated yield vaults provider, Kamino Finance, marks its 1-year anniversary on the Solana Mainnet.

πŸ”₯ September 04 - PRISM Burns 5M+ $PRISM: Decentralized exchange, PRISM, burns 5,007,453 PRISM tokens accumulated from fees generated by its products.

Source: @prism_ag

πŸ”₯ September 04 - Solcasino Burns 33M+ $SCS: Solcasino.io, a live playable Web3 casino, burns 33,842,101 SCS tokens.

Source: @Solcasinoio

🏦 September 04 - Lido Seeks $1.5M: Liquid staking solution, Lido, seeks $1.5m from Lido DAO; will sunset Solana support if goal is not met in 12 months.

πŸ”— September 05 - Visa Integrates Solana: Visa integrates the Solana blockchain for USDC settlements, partnering with Worldpay and Nuvei to enhance cross-border money movement.

Source: @solana

πŸ“Š September 05 - SOL "The Most Loved" Altcoin: CoinShares labels SOL as the "most loved altcoin amongst investors", with $26m in inflows since the beginning of 2023.

πŸš€ September 05 - Drift Protocol Records 3.6K Users: Decentralized exchange, Drift Protocol, celebrates an all-time high of 3.6k Monthly Active Users (MAU).

πŸŽ‰ September 06 - Solana Hits Epoch 500: Solana network marks a milestone by reaching its 500th epoch.

Source: Solana Beach

🌐 September 06 - Solana and HKUST Collaborate: Solana Foundation partners with the Hong Kong University of Science and Technology (HKUST) to boost Hong Kong's Web3 industry and the Solana ecosystem.

Source: BlockBeats

πŸ† September 06 - AWS Sponsors Hyperdrive: Amazon Web Services (AWS) sponsors a $50k grand prize for Solana's hackathon, Hyperdrive.

πŸ’¬ September 06 - Dialect Expands with Web Version: Smart messaging protocol, Dialect, launches web version of its platform to enhance shareability and provide a more accessible user experience.

Source: @saydialect

πŸ“ˆ September 06 - Hacker House Event Exceeds Capacity: The Solana Hacker House event in Bengaluru, set to kick-off on September 14, receives over 4k dev sign-ups, surpassing venue capacity.

Source: @DanPaul000

πŸ“± September 07 - Marques Brownlee Reviews Saga: Tech YouTuber with 17m+ subscribers, Marques Brownlee, critiques Solana Mobile phone, Saga, in his video titled "This is a Crypto Phone. Don’t Buy It."

πŸŽ‰ September 07 - Phoenix Hits 30K Users: Decentralized limit order book exchange, Phoenix, celebrates reaching 30k users.

Enjoyed the Updates?

Join us each week as we dive into the latest happenings within the Solana ecosystem, plus receive key Nezha developments as they unfold.

Follow Us on Socials