Helius CEO: Introducing ZK compression into Solana will greatly improve network scalability
Helius CEO Mert Mumtaz announced on X platform that they are introducing ZK compression to Solana's development platform. ZK compression will be directly implemented on L1 without the need for L2, which will greatly improve Solana's network scalability and take a step towards building a financial computer - an unstoppable, global, and light-speed synchronized atomic state machine.
Nigerian Comedian Sabinus Launches Sabicoin on Solana Blockchain
Nigerian comedian and content creator Sabinus has entered the cryptocurrency market by launching his own digital currency, Sabicoin, on the Solana blockchain. This move reflects a growing trend of celebrities exploring the digital currency space. Sabinus aims to engage his fans and supporters in a unique way by offering them the opportunity to invest in and interact with his brand directly through cryptocurrency. While celebrity-driven cryptocurrencies offer potential opportunities for revenue and fan engagement, they also raise questions about stability and long-term viability in the volatile cryptocurrency market.
Solana Sandwich Bot Arbitrages Over $30 Million in MEV in Two Months
Blockchain analyst Ben posted on X platform that Solana Sandwich Bot: arsc...Zh2y has earned over $30 million through MEV arbitrage in the past 2 months. Currently, the Bot has transferred 114,000 SOL (about $16.5 million) to 9973...yWp6 for safekeeping, which is not very active. Its other storage wallet, Ai4z...xkkt, actively participates in Solana DeFi, gradually exchanging SOL for USDC through Jupiter DCA and being active in Kamino and various LSTs. In addition, the controller behind the Bot uses a large number of different signers to obscure their activities and profits.
Why is Solana (SOL) price down today?
Top catalysts driving the SOL price lower include weakness in the SOL/ETH pair and stagnant inflows into the Solana ecosystem.
A BEER whale sold 5 billion BEER 3 hours ago
According to Lookonchain monitoring, 3 hours ago, a BEER whale sold 50 billion BEER for 7,450 SOL (1.08 million US dollars). The whale obtained 8.89 billion BEER (1% of the total supply) from the BEER team's allocated wallet "8VY4LF...fDd5G2", but did not participate in the presale. The whale still has 3.76 billion BEER (820,000 US dollars) remaining.
Solana Domain Name Service Bonfida Airdrops 700,000 FIDA to Users Who Set Up .SOL Primary Domain Names
Bonfida, a Solana domain name service, announced in a post that it has airdropped approximately 700,000 FIDA tokens to users who have set up a .SOL domain name, which can be claimed through SNS.ID.
American rapper Lil Pump got "SOLANA" tattooed on his forehead
American rapper Lil Pump shared a photo of his new "SOLANA" tattoo on X platform and wrote, "I sold my Sol. When Binance?" Additionally, Lil Pump also shared an image of his support for Trump. OKX market data shows that SOL has rebounded slightly to above 144 USDT after yesterday's decline, and the 24-hour decline has narrowed to 2.38%.
Solana Ecosystem Swap Aggregator Spiderswap Opens Its API to the Public
Modsiw, the founder of Spiderswap, a Solana ecosystem aggregator, announced on the X platform that its API is now open to the public, allowing developers and projects to integrate their engine into their applications to unite the Solana ecosystem.
Solana’s on-chain DEX transaction volume reached $2.888 billion yesterday, surpassing Ethereum to rank first
According to DeFiLlama data , the trading volume of Solana's DEX on June 7th was $2.888 billion, surpassing Ethereum and ranking first. In addition, the trading volume of Ethereum's DEX on the same day was $1.854 billion, ranking second; the trading volume of BNB Chain's DEX on the same day was $777.32 million, ranking third.
Solana’s on-chain NFT sales in May were less than $100 million, a six-month low
According to cryptoslam data, the NFT sales volume on the Solana blockchain in May was less than $100 million, reaching $93,401,181.42, hitting a new low in the past six months. In addition, the total transaction volume on the Solana blockchain in May exceeded 2.47 million, an increase from the previous two months. Among them, there were 346,229 independent seller addresses and 594,563 independent buyer addresses (a new high in the past ten months).
Jupiter's third round of LFG Launchpad voting ends, deBridge receives 59% of votes
PANews May 26th News, Solana ecosystem DEX Jupiter announced on Twitter that the third round of LFG Launchpad voting has ended. deBridge won with 59% of the votes and will be launched on the LFG Launchpad in the coming months. Earlier, deBridge announced the launch of its governance token DBR. DBR is based on the Solana chain, with a total supply of 10 billion, and plans to allocate 20% to community launch and its community, with a circulating supply of 1.8 billion DBR at launch. Of the remaining supply, 26% is allocated to ecosystem support, 20% to core contributors, and 17% to strategic partners.
Solana plans to release the full version of the Firedancer upgrade in 2025, with a “lite version” to be released before then
Kuleen Nimkar, the head of DePIN at the Solana Foundation, stated that Solana plans to release a "slimmed-down version" of the Firedancer upgrade before launching the full version in 2025. This upgrade aims to enhance Solana's overall reliability and scalability as the network activity of the decentralized infrastructure protocol (DePIN) continues to grow.<br>
A Smart Money spent 891 SOLs to buy 13 million MAGAs in the past 2 hours and made a profit of $1.2 million from trading TREMP
According to Lookonchain monitoring, Smart Money, which had previously earned about 1.2 million US dollars through trading TREMP, spent 891 SOL (155,000 US dollars) in the past 2 hours to purchase 13 million MAGA at an average price of 0.012 US dollars.
Ethereum on-chain DEX transaction volume yesterday was $1.491 billion
According to DeFiLlama data, the trading volume of DEX on the Ethereum blockchain on May 18 was 1.491 billion US dollars, ranking first. In addition, the trading volume of DEX on the Solana blockchain yesterday was 1.072 billion US dollars, ranking second; the trading volume of DEX on the BSC blockchain yesterday was 429.75 million US dollars, ranking third.
$1.911 billion worth of SOL transferred
According to Whale Alert monitoring, 11,040,253 SOL (US $1,911,291,365) was transferred from an unknown wallet to another unknown wallet.
Anza Team Member: Solana Light Client Tinydancer Releases Testnet
On May 18th, Anza's developer relations manager revealed the results of recent Solana developer community phone discussions on the X platform, which included:
A trader spent 1,000 SOLs to buy michi again
According to Lookonchain monitoring, a trader spent 1000 SOL (160,000 USD) again to buy michi yesterday. This trader made a profit of 7,101 SOL (1.19 million USD) on michi,4,578 SOL (769,000 USD) on boden, and 3,867 SOL (650,000 USD) on POPCAT. However, the trader lost money on many things, having traded a total of 20 MEMEcoins, of which only 4 were profitable, with a success rate of only 20%. But the trader's total profit was 5,394.5 SOL (906,000 USD).
Solana’s on-chain DEX transaction volume yesterday exceeded the sum of five chains including Ethereum, BSC, and Arbitrum
DefiLlama data shows that the Solana on-chain DEX trading volume on May 11th increased more than three times compared to the previous day, reaching 2.995 billion US dollars, ranking first; equivalent to the sum of trading volumes of five on-chain DEXs including Ethereum, BSC, Arbitrum, Base, and Optimism.
Whales Market’s Pre-Market announces the launch of UpRock (UPT)
Solana-based presale market Whales Market announced the launch of UpRock token UPT's futures trading on its decentralized AI network information analysis platform Pre-Market.It is reported that UpRock will soon be launched on JupiterLaunchpad, has published UPT distribution roadmap, and confirmed that it will soon provide airdrops for JUP voters.
Solana-based Meme Project Pengulana Completes $200,000 Seed Round, Led by Nanosprout Ventures
Pengulana, a Meme project on the Solana chain, announced the completion of a $200,000 seed round of financing. Nanosprout Ventures led the investment, with participation from HPV Venture, Onkapital, Slowave, and Web3 angel investors. It is reported that this round of financing was raised through the Simple Agreement for Future Tokens (SAFT) for the future token and will be used to accelerate the development of its enterprise-themed P2E games.
