Solana Network Snapshot

• SOL Price: ~$21.37 → ~$23.46 (↑9.77% since September 30)

• Total Value Locked (TVL): ~$324.64m → ~$327.15m (↑$2.51m since September 30)

• Transactions Per Second (TPS): ~4.39k

• Nakamoto Coefficient: 29

• Top DeFi by TVL: Marinade Finance

• Top NFT Collection (7-day volume): Bozo Collective

Sources: DefiLlama, Solana Explorer, Nakaflow, Magic Eden

This Week in Solana

🖥️ September 30 - Solcasino Unveils Trading Platform Demo: Web3 casino, Solcasino, rolls out a trading platform demo, enabling users to leverage up to 1000x on their wagers.

Source: @Solcasinoio

📈 October 01 - Solana Records Highest 2023 TVL: Solana reports its highest TVL levels of 2023, marking a peak since the collapse of cryptocurrency exchange, FTX.

Source: @StepDataInsight

🔗 October 01 - LayerZero Teases Solana Integration: CEO of LayerZero Labs, Bryan Pellegrino, announces that a Solana integration into LayerZero is underway, stating the "endpoint is largely written.”

Source: @PrimordialAA

🔄 October 02 - Squads Launches V4 and New App: Squads, a multi-signature solution, introduces its v4 protocol and a new app, offering upgraded features and user experience.

Source: @SquadsProtocol

📊 October 02 - Step Data Insights Reviews Solana: Step Data Insights, the analysis arm of Step Finance, delivers a recap report of Q3 2023 for Solana, highlighting ecosystem data and unfolding narratives.

Source: @StepDataInsight

🤝 October 02 - OpenBlock Partners with Solana Foundation: R&D firm, OpenBlock Labs, partners with the Solana Foundation to launch Retroactive Public Goods Funding (RetroPGF), a funding model supporting projects beneficial to the Solana ecosystem.

Source: @openblocklabs

🛍️ October 03 - Magic Eden Launches VIP Service: NFT marketplace, Magic Eden, introduces Magic Eden VIP, an exclusive, invite-only program designed to assist in buying and selling high-value digital collectibles.

Source: @MagicEden

🔍 October 04 - Solana Foundation Shares Network Health Insights: The Solana Foundation releases a “Validator Health Report”, spotlighting Solana’s robustness and distribution in the Proof-of-Stake network landscape.

Source: @SolanaFndn

✅ October 04 - Solana Achieves 100% Uptime: Solana records over 7 months of continuous, uninterrupted network operation.

Source: @StepDataInsight

📊 October 05 - Nansen Analyzes Solana Ecosystem: Blockchain analytics platform, Nansen, releases a thorough exploration into the Solana ecosystem, discussing its narratives, on-chain data, network evolution, and more.

Source: @nansen_ai

💸 October 05 - Kamino Finance Debuts Kamino Lend: Kamino Finance, an automated yield vaults provider, launches Kamino Lend, a decentralized lending solution designed to automate financial products and link borrowers with lenders.

Source: @Kamino_Finance

🎉 October 05 - DRiP Celebrates 50M Mints: DRiP, recognized for its free NFT airdrop approach, marks 50 million cumulative mints on its platform.

Source: @drip_haus

🏦 October 05 - Sharky Records 1 Million Loans: NFT-lending protocol, Sharky, celebrates hitting 1 million loans, the first among all competing NFT-lending protocols.

Source: @SharkyFi

🖼️ October 06 - Helius Introduces cNFT API: Solana dev tool provider, Helius, launches the Helius Mint API, touted as "The easiest (and cheapest) way to mint cNFTs on Solana."

Source: @heliuslabs

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