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  • Solana Weekly Recap: Issue No.6 | September 09 - 15, 2023

Solana Weekly Recap: Issue No.6 | September 09 - 15, 2023

Visa releases Solana report; Solana faces FTX liquidation concerns; Solflare integrates MetaMask Snaps; Hivemapper maps 8% of world's roads.

Solana Network Snapshot

  • SOL Price: ~$19.44 β†’ ~$18.84 (↓3.09% since September 09)

  • Total Value Locked (TVL): ~$307.62m β†’ ~$305.53m (↓$2.09m since September 09)

  • Transactions Per Second (TPS): ~4.63k

  • Nakamoto Coefficient: 30

  • Top DeFi by TVL: Marinade Finance

  • Top NFT Collection (7-day volume): VTOPIANS

This Week in Solana

🎲 September 09 - Solcasino Launches Plinko Game: Live Web3 casino, Solcasino, announces the release of a new Plinko game.

Source: @Solcasinoio

✍️ September 10 - Phantom Debuts Message Simulation: Leading crypto wallet, Phantom, launches a β€œMessage Simulation” feature to ensure users understand exactly what they're signing before submitting.

Source: Phantom

πŸ“„ September 11 - Visa Releases Solana Report: Visa shares a technical dive into why Solana was selected for their USDC settlement pilot, highlighting its speed and scalability.

Source: Visa

πŸ“‰ September 11 - Solana Faces FTX Liquidation Concerns: Solana's price drops amid fears of the now-defunct exchange FTX liquidating a significant portion of its crypto assets, including approximately $128 million worth of SOL.

πŸ“Š September 11 - Solana Maintains $1B Volume Streak: Solana network achieves over $1 billion monthly volume throughout every month of 2023.

πŸŽ‰ September 11 - Marinade Celebrates 2M+ SOL Staked: Liquid staking protocol, Marinade Finance, celebrates over 2 million SOL staked in their "Marinade Native" offering since its mid-July launch.

🀝 September 12 - Solflare Integrates MetaMask Snaps: Popular Solana wallet, Solflare, integrates with MetaMask Snaps, allowing users to manage Solana assets and dApps within MetaMask.

πŸ”„ September 12 - deBridge Powers EVM-Solana Bridge: Through Solflare's MetaMask Snaps integration, interoperability layer, deBridge, now provides users a seamless EVM to Solana bridge.

πŸ€– September 12 - Dazed Ducks to Launch Trading Algo: NFT project, Dazed Ducks, unveils "The Oracle," an autonomous Solana spot trading algorithm set to launch on September 15.

Source: @DazedDucks

🚫 September 12 - Oogy Targets Low-Priced Listings: Oogy, a community-driven art collection, launches a "Banishment Protocol" to counter low-priced listings and stabilize floor prices.

Source: @oogyNFT

🌍 September 13 - Hivemapper Maps 8% of World's Roads: Decentralized mapping network, Hivemapper, marks a milestone with 5 million kilometers of roads mapped across 90+ countries by their community.

Source: @Hivemapper

πŸ”— September 14 - Drift Introduces CONNECT: Drift, a decentralized exchange, announces the launch of CONNECT, an open-source wallet extension designed for barrier-free trading on their platform natively with MetaMask.

πŸ–ΌοΈ September 14 - Magic Eden Supports cNFTs: NFT marketplace, Magic Eden, releases platform support for compressed NFTs.

Source: @MagicEden

πŸš€ September 14 - Solana's Hyperdrive Takes Off: Solana's ongoing hackathon, Hyperdrive, attracts more than 3,100 participants in its first week.

Source: @mattytay

🎨 September 15 - DRiP Studio Launches Waitlist: DRiP, recognized for its free collectibles airdrop methodology, introduces a waitlist for their creator’s app, β€œDRiP Studio”.

Source: @drip_haus

πŸ“… September 15 - Solana Allstars Announces Upcoming Events: Solana ambassador program, Solana Allstars, is gearing up for two in-person events on September 16, set to take place in Nigeria and Turkey.

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