Powerledger completes integration with Solana mainnet
On October 13th, Australian energy technology company Powerledger announced the completion of its integration with the Solana mainnet. This integration allows its POWR token to be available on both Ethereum and Solana, with no change in the total token supply. POWR will continue to serve as a payment token for services on both the Ethereum and Solana platforms, incentivizing green behaviors such as carbon offsetting and reducing energy consumption.
Solana launches developer video bootcamp covering smart contracts and DeFi application development
Solana announced the launch of a free developer training camp Bootcamp, which covers knowledge of Solana smart contracts, deploying DeFi applications, and security. Developers can learn Solana development in a 20-hour course on YouTube.
Why is Solana's Dogwifhat (WIF) memecoin crashing?
WIF price risks declining by another 48% due to the formation of a classic bearish reversal setup.
Solana Edge Data Intelligent Network 375ai Completes $5 Million Seed Round of Financing, Led by 6MV
Solana's edge data intelligent network 375ai announced the completion of a $5 million seed round of financing on X platform, with 6MV as the lead investor and participation from Arca, Escap Velocity, Primal Capital, and Auros. Specific valuation information has not been disclosed. 375ai provides decentralized edge data intelligent network nodes and mobile applications based on blockchain for real-time data collection. Users can participate in the network by deploying nodes, using applications, or staking tokens, while also receiving rewards.
Trader Eugene: SOL "killer" needs new selling points, not "cheaper and faster"
Tader Eugene Ng Ah Sio posted on X, stating: "Regarding the new 'killer' of SOL, it involves the following themes:
Solana Ecosystem Telegram Trading Robot Trojan on Solana Cumulative Trading Volume Exceeds $6 Billion
According to Dune data, the historical cumulative transaction volume of the Telegram trading robot Trojan on Solana ecology has exceeded 6 billion US dollars.
A certain address bought Neiro early and made a profit of $1.93 million
A certain address made a profit from buying Neiro early on, with a profit of $1.93 million from only $80,000, with a return rate of 2397%, as monitored by the on-chain analyst @ai_9684xtpa. The analysis shows that the overall position building can be divided into two rounds:
Solana and Ethereum meme coin Neiro have accumulated nearly $650 million in transactions in 8 hours since launch
On July 28th, Solana and Ethereum-based meme coin Neiro have accumulated a trading volume of nearly $650 million.
Neiro's deployer earned 15,500 SOL with 3 SOL
The deployer of Neiro earned 15,508 SOL (2.85 million USD) with only 3 SOL (552 USD), a profit of 5,169 times. When deploying Neiro, the deployer spent 3 SOL (552 USD) to buy 97.5 million Neiro. Later, he sold 68 million Neiro at a price of 15,511 SOL (2.85 million USD) through multiple wallets, realizing a profit of 15,508 SOL (2.85 million USD). He also sent 10 million Neiro to a certain wallet and currently has 19.5 million Neiro (1.8 million USD) left, with an unrealized profit of 180,000 USD. Neiro is a MEMEcoin on the Solana chain, named after the dog recently adopted by the owner of DOGE (Kabosu).
In the past 7 days, the transaction volume of NFT on Solana chain increased by 18.12% month-on-month
According to CryptoSlam data, the past 7 days saw Ethereum NFT transaction volume of approximately $32,398,003, a 5.59% increase compared to the previous period; Solana network transaction volume reached $27,632,229, an 18.12% increase compared to the previous period; Bitcoin network ($17,797,879) decreased by 12.3% compared to the previous period.
Solana’s on-chain DEX had a trading volume of nearly $2.4 billion yesterday, ranking first for three consecutive days
According to DeFiLlama data, the trading volume of Solana's on-chain DEX on July 19 was 2.393 billion US dollars, ranking first for three consecutive days. In addition, the trading volume of Ethereum's on-chain DEX yesterday was 1.988 billion US dollars, ranking second; and the trading volume of Arbitrum's on-chain DEX yesterday was 767.32 million US dollars, ranking third.
pump.fun launches "Recommended for you" information flow function
pump.fun has recently announced on the X platform that it has launched the "Recommended for You" tag, which is the best way to discover tokens on Solana. The "Recommended for You" algorithm uses your past actions on pump.fun to plan a real-time changing information flow. It can help you avoid farmers and find token projects that are usually overlooked. Our only recommendation for building a high-quality information flow is to follow as many friends and alpha accounts as possible.
Solana TVL exceeds $6.6 billion, up 22.02% in 7 days
DeFiLlama data shows that the current total value locked (TVL) on the Solana network is $6.664 billion, second only to Ethereum and Tron, with a 7-day growth rate of 22.02%.
Solana’s on-chain DEX transaction volume ranked first yesterday, reaching US$1.518 billion
On July 14th, according to DeFiLlama data, the trading volume of Solana DEX on-chain was 1.518 billion US dollars, ranking first. The trading volume of DEX on Ethereum chain ranked second at 1.045 billion US dollars; the trading volume of DEX on BSC chain ranked third at 859.59 million US dollars.
SOL struggles to reclaim $145, but Solana network fundamentals remain solid
Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160.
Solana Q2 network fees and revenue increased by more than 42 times year-on-year, and TVL increased by 10 times year-on-year
According to the Solana Q2 financial report released by Coin98 Analytics, the Solana network fees and revenue experienced significant growth in the quarter, with a year-over-year increase of over 42 times; SOL's total transaction volume reached 292 billion US dollars, an increase of nearly 7 times compared to the same period last year. In addition, the Solana Q2 network and ecological indicators are as follows: - conducting more than 15.3 billion transactions (including voting and non-voting); - TVL reached 3.4 billion US dollars, an increase of 10 times year-on-year; - new minted NFTs exceeded 98 million, an increase of 54 times year-on-year; - the on-chain USDC market value reached 2.15 billion US dollars (accounting for about 70% of the total USDC market value).
Solana’s on-chain DEX transaction volume exceeded $1.8 billion yesterday, ranking first
According to DeFiLlama data, Solana's on-chain DEX had a trading volume of $1.811 billion on July 7, ranking first. In addition, the trading volume of Ethereum's on-chain DEX was $1.336 billion yesterday, ranking second; Arbitrum's on-chain DEX had a trading volume of $400.92 million yesterday, ranking third.
The ETF Store President: Approval of a spot Solana ETF may require SEC approval to designate Solana as a non-security commodity
According to Nate Geraci, the president of investment consulting firm The ETF Store, given that there are currently no Solana futures traded on CME, the only feasible way to obtain approval for a Solana ETF is to implement a legal regulatory framework for cryptocurrencies that clearly defines which crypto assets are securities and which are commodities, or for the SEC to agree to designate Solana as a non-security commodity. In any case, the institution also needs to reach a monitoring sharing agreement with currently unregulated spot cryptocurrency exchanges. Under the current government leadership, this seems unlikely, which makes the applications of VanEck and 21Shares likely to bet on a more crypto-friendly government.
BillyWen: If the Slerf project meets the requirements, we will invest in the purchase of Slerf NFT to support the refund of 12,000 SOL
On June 23, Negentropy Fund partner BillyWen posted on X platform stating that if Slerf's project Dev meets its four requirements, it will purchase Slerf NFT to support the project in completing the refund of the remaining 12,000 SOL for pre-sale investors within three months.
Solana Game Chain Sonic plans to upgrade the test network tomorrow
Solana's atomized SVM Layer 2 Sonic has released an update on X: Due to high demand for the Sonic testnet Odyssey, the team is upgrading the network to improve users' on-chain experience. During the upgrade process, some tasks and on-chain interactions will be suspended. The upgrade will begin at 1 pm on June 24, 2024 and last for about 6 hours.
