Solana stablecoin transfer volume hits record monthly high of $300B
There has already been more than $300 billion in stablecoin transfer volume so far in January, eclipsing December’s volume.
In January, the stablecoin transfer volume on the Solana chain exceeded US$300 billion, an increase of more than 25 times year-on-year.
According to Artemis data, as of January this year, the stablecoin transfer volume on the Solana blockchain has reached 303 billion US dollars, which is higher than the stablecoin transfer volume on the blockchain in December 2023 (297 billion US dollars), and has increased by 2520% compared to January 2023 (11.56 billion US dollars).
LFG: 144 billion LFG have been removed from the second round of supply
Solana's new meme coin LFG stated in its official tweet that 1.44 billion LFG tokens have been removed from the second round of supply. Previously, the community decided to remove a certain proportion of tokens from the second round's supply of 200 billion LFG tokens, and distribute the remaining amount to LFG supporters over time.
The Solana Ecosystem
We started the year with a note on belonging. I felt inspired to write about this because of our work on two protocols, one of which today's issue covers extensively. In mid-to-late 2022, Solana was the industry's darling due to its figureheads. SBF's overarching influence on its ecosystem could not be understated. But in the following months, as FTX collapsed, so did the Solana ecosystem.
A giant whale spent 86,738.1 SOL to purchase 17.22 million WIF, holding a total of 37 million WIF
According to Lookonchain monitoring, a certain whale spent 86,738.1 SOL (8.65 million US dollars) to purchase 17.22 million WIF. Currently, the whale holds 37 million WIF, worth 17 million US dollars, with a floating profit of over 8 million US dollars.
Nansen: Solana ranks first in the number of active addresses among public chains, and Ronin Network has the largest increase in active addresses.
According to TechFlow news from Nansen in X, as of January 1, 2024, Ronin Network has had the largest increase in active addresses for the second consecutive month among all public chains and layer two networks, while Solana currently ranks first in total active addresses.Active addresses divided by chain in November and December:Solana 13.9 million (+98.9%!!)BNB 13.7 million (-9.8%)<br>Tron 10.8 million (-14.6%)<br>Ethereum 5.4 million (+18.7%)<br>Polygon 4.8 million (+11.7%)<br>Arbitrum 2.5 million (-7.8%)<br>Ronin 1.3 million (+192.2%!!)<br>Optimism 1.1 million (-20.9%)<br>Linea 999,000 (+8.5%)<br>Avalanche 910,000 (+46.4%)<br>Celo 868,000 (+32.3%)<br>Base 822,000 (+22%)<br>Fantom 534,000 (+34.2%)
Solana Mobile Developing Affordable Crypto Smartphone as Successor to Saga
Solana Mobile is developing a new cryptocurrency smartphone that will be more affordable than its predecessor, Saga. The new phone will have a built-in Solana wallet and a special app store with decentralized apps for users to explore. Solana Mobile aims to make the phone more appealing to a wider audience by improving the hardware and significantly reducing the price. The decision to release a new phone was inspired by the unexpected success of Saga, which gained a loyal following in the crypto community and caught the attention of investors interested in its token giveaways. If Solana Mobile can deliver on its promises, the new phone could be a significant step towards mainstream adoption of cryptocurrencies.
GoPlus launches Solana secure deauthorization tool solrevoker
According to official sources, the security revocation tool solrevoker developed by GoPlus has been launched. Solrevoker is a security revocation tool developed by GoPlus in response to the needs of Solana community users. Currently, in high-frequency interaction scenarios such as Solana NFT market and token staking, a large number of airdrop phishing and pre-authorization fraud events are on the rise. This tool developed by GoPlus can help users to perform risk authorization detection and revocation operations anytime and anywhere.
Hong Kong Virtual Asset Consortium removes XRP from global crypto index
Solana took over XRP's position in HKVAC's top 5 cryptocurrency global index, and AVAX replaced Tron, amid market fluctuations in the past 30 days.
Digital asset protocol Metaplex will list its Solana inscription on January 16
A Solana digital asset protocol, announced that its released Solana Inscriptions will be fully deployed on the chain at 3 pm (US Eastern Time) on January 16th. Earlier news stated that on December 19, 2023, Metaplex launched a new standard for fully on-chain and immutable digital assets on Solana, called Inscriptions and Engravings. Inscriptions allow for the complete storage of asset metadata and media content on Solana, eliminating the need for any external trust assumptions.
