Solana Network Snapshot

• SOL Price: ~$19.49 → ~$20.31 (↑4.21% since September 23)

• Total Value Locked (TVL): ~$313.03m → ~$319.86m (↑$6.83m since September 23)

• Transactions Per Second (TPS): ~4.48k

• Nakamoto Coefficient: 30

• Top DeFi by TVL: Marinade Finance

• Top NFT Collection (7-day volume): Clear Collectibles

Sources: DefiLlama, Solana Explorer, Nakaflow, Magic Eden

This Week in Solana

🤝 September 23 - Superteam Mexico Partners with Xolos: Web3 incubator, Superteam Mexico, joins forces with football team, Xolos, to boost Web3 presence in Mexico via the Solana blockchain.

Source: @SuperteamMX

📄 September 24 - Federal Reserve Mentions Solana: The Federal Reserve releases a paper on tokenization, mentioning Solana, Bitcoin, and Ethereum.

Source: @SolanaFloor

↩️ September 24 - Nekkro Refunds Its Holders: Game-driven NFT project, Nekkro, reveals plans to partially refund its NFT holders. Additionally, its "Degen Spin" offering will now fall under the Degen Fat Cats umbrella.

Source: @NekkroNFT

🏡 September 25 - CNBC Spotlights Parcl Labs: CNBC commends Solana-based real estate indexer, Parcl Labs, for its daily home price updates.

Source: @DegenerateNews

🌐 September 25 - GenysysGo Announces Testnet: Web3 data storage provider, GenysysGo, announces phase 1 of its “D.A.G.G.E.R.” testnet, scheduled to launch on September 29.

Source: @GenesysGo

🎉 September 26 - Friendzy Records Million-Dollar Week: Friendzy, a decentralized social marketplace, reports over $1 million in trading volume within its first week of launch.

Source: @Friendzygg_

🚀 September 26 - marginfi Launches $LST: Lending and borrowing protocol, marginfi, launches its LST token, providing users with access to its validator network and optimal yield rates through staking.

Source: @marginfi

🔧 September 26 - Solana Rolls Out v1.16 Update: Solana network validators have started adopting the latest v1.16 update which introduces key upgrades and optimizations, aimed at enhancing the network's overall performance.

Source: Solana

📈 September 27 - Drift Protocol Hits $1B Volume: Decentralized exchange, Drift Protocol, reaches $1 billion in cumulative trading volume.

Source: @DriftProtocol

🎨 September 27 - Metaplex Registers 50M+ cNFT Mints: Metaplex, known for enabling users to create, mint, and launch NFT collections, surpasses over 50 million compressed NFTs minted on their platform.

Source: @StepDataInsight

🤝 September 28 - Onramp Partners with Ottr: Onramp, a fiat-to-crypto payment gateway, collaborates with payments wallet, Ottr, to bring instant bank transfers for users in select countries using USDC on Solana.

Source: @onrampmoney

Enjoyed the Updates?

If you liked what you read, please share our newsletter with your friends. It's a tiny favor, but it lights up our day. Thanks for being part of our community!