The Kitten Show: Crypto Space🎙️
20.11.2024 / 4 PM UTC

https://x.com/i/spaces/1lP...

Exploring the fast-paced world of digital currencies, blockchain, and decentralized innovation.

Our amazing Speakers:
triptherabbit xnetworkAI crow_with_knife @iLuminaryAI LIQQ_the_Coin_ LonfoNFT

🎙The Kitten Show: World of Memecoins

A vibrant community-driven universe where creativity meets the power of memes and blockchain.

https://x.com/KittenHaimer...

🚨 SUI integrates with Google Cloud, enabling real-time blockchain data for AI and gaming apps.

“You will soon be able to access Sui data in real time from the Google Cloud Platform.
We look forward to seeing the groundbreaking innovations Sui developers will come up with using ZettaBlock’s industry-leading tools and GCP integration.”

https://x.com/suinetwork/s...

CertiK is Web3's leading smart contract auditor and provides a comprehensive suite of tools to secure the industry at scale.
Certik— Airdrop Answers to questions about the quest Certik
Guide in Teletype https://teletype.in/olesc... #SnoopDogg #Solana #crypto #SOL #Blockchain #coinmarketcap #USDT #HashCEX #SoundCloud #Ethereum #TRON #BinanceSmartChain #retardio

Will Ethereum remain institutions' top choice?

jonahrobrts breaks down the blockchain competition for TradFi's attention 🤼‍♂️

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Disruption. Digitization. Financial inclusion. Future-proofing.

What do all of these oft-repeated buzzwords have in common? They’ve all been used by crypto-pilled associates at TradFi firms to pitch their bosses on the exciting upside of blockchain tech. This year, it seems, the executives are listening.

Institutions jumped into crypto more headlong than ever in 2024. Their moves are starting to bridge the gap between TradFi and DeFi. However, this article isn’t focused on why firms are building onchain. Instead, we are focusing on where these funds are choosing to build.

----------------------------

What’s Happening on Ethereum?
Ethereum is the world’s largest smart-contract blockchain network. It has secured over $90 billion in RWAs, including stablecoins. 2024 has been a big year for the adoption of non-stablecoin RWAs on Ethereum as well, with the network growing its onchain U.S. treasuries, bonds, and cash equivalents from $800 million to over $1 .5 billion and overall non-stablecoin RWA value to $2 .9 billion.

Some of the major players building on Ethereum this year include
Visa, BlackRock and FTI_US

Earlier this month, Visa announced that they are building the Visa Tokenized Asset Platform (VTAP) on Ethereum. This is the company’s biggest step toward crypto adoption thus far. VTAP enables Visa to issue and manage fiat-backed tokens on Ethereum. It is intended to be a sandbox for participating financial institutional partners to create and experiment with fiat-backed tokens. They expect to begin piloting the platform with Spanish multinational bank BBVA in 2025. While the VTAP program is certainly an experiment, it gives credit to the thesis that TradFi will migrate its operations onto Ethereum over the coming decades.

----------------------------

Yet, the success of Ethereum’s competitors highlights a critical point: institutions are no longer bound to a single network. While Ethereum is foundational, blockchains like Solana and Stellar provide alternatives that are increasingly hard to ignore. However, they also present novel interoperability concerns.

Interoperability is central to the future of institutional blockchain adoption. As Visa states in their VTAP press release announcement, the largest benefits of building onchain include easy integration, programmability, and interoperability. Institutions that venture onto non-EVM chains like Solana or Stellar may face challenges in asset liquidity and protocol compatibility. This can lead to reliance on third-party services to bridge assets between chains, which introduces complexity and security risks. Ethereum’s widespread use means that staying within the EVM ecosystem—whether through Ethereum or Layer 2 solutions—remains the simplest and most secure option for institutions.

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However, for Ethereum to maintain its lead in the race toward institutional adoption, it must continue to balance world-class security and stability with the performance and scalability that competing chains continue to push. The race to capture the attention of institutional finance will be won by the network that can not only meet today’s demands but also anticipate the needs of tomorrow. Ethereum is well-positioned for now, but staying on top will require constant evolution.

🚀 #POPDOG is coming to HashCEX!

We’re excited to announce that POPDOG will be listed on HashCEX!

- Deposit: 25th October at 3 PM UTC
- Trading for POPDOG /USDT starts on 25th October at 3 PM UTC

Contract Address (Solana): EATGZHJViJsk7nEKkrdJicwNbfpkJfAtmrEmrjXR8NBj

👉 Follow POPDOG:
@POPDOGsolcoin (https://x.com/POPDOGsolcoi...)

👉 Check it out on Website: https://popdog-coin.com

#HashCEX #POPDOG #USDT #crypto #Blockchain #coinmarketcap #SOL #Solana

👉 You're the #crypto CEO for 1 day.

Your task is to save 1 #Blockchain from an event that will halt all chains' block production, except the one you pick.

#BinanceSmartChain - $BNB , #Ethereum - $ETH , #Solana - $SOL , #TRON - $TRX

Daily Memecoin Recap - October 15

Feels like happy land right now

Artificial Intelligence Bots
$medusa -> hit $31 .2m, heavily pushed by suganarium
#floydai -> hit $17 .2m, launched in April, coming back from the dead with the recent AI meta, George Floyd
#terminal -> hit $15 .2m
$arcane -> hit $1 .55m
#perseus -> hit $900k
- AI coins continue to take the spotlight
- They bullpost their own coin 24/7

Goat First Mover
$goat -> $97 .2m to $182 .1m (1.87x), leader of the AI meta, truth_terminal
$megs -> hit $6 .9m, truth_terminal ( $goat ) often speaks to megs_io
$wen -> hit $1 .85m, shilled by truth_terminal

Anime Meta
$gmika -> hit $8 .39m, AI waifu that you can private chat with on telegram
$amber -> hit $1 .2m, AI bot
$waifu -> hit $589k
$an /gel -> hit $320k

Animal Meta
$miharu -> $321k to $7 .2m (22.5x), Miharu The Smiling Dolphin
#meowmeow -> hit $7 .63m, tiktok trend about an AI animated cat (AI + Cat metas)
$atlas -> hit $2 .13m, new SeaWorld penguin
$mole -> hit $1 .5m, Mole The Sloth
$popo -> hit $1 .21m
#quaestio -> hit $457k , paleontologists may have discovered earth's oldest moving animal
$podcat -> hit $435k , cat on podcast
#popcorn -> hit $411k , popcorn the wood dog, viral dog

Good Volume
$autism -> $2 .48m to $14 .7m (5.93x)
$btcat -> $550k to $3 .57m (6.49x), first cat to appear on the blockchain
$mod -> $10k to $490k (49x), moon or dust, launched on July 22, has been dead since
$higher -> hit $2 .89m, time to go higher
$nigma -> hit $1 .69m, $sigma beta
$cash -> hit $1 .64m, moneys calling
$late -> hit $1m
$twk -> hit $862k , Those Who Know
$forest -> hit $578k

Eth Memes
$klaus -> hit $44 .5m, Matt Furie Meta
#wizard -> hit $5 .7m, pushed by Nate_Rivers, $cb on $eth instead of $sol

More Cooks
$moji -> hit $10 .63m, purple pickle emoji
#wolfina -> hit $3 .76m, woman version of $wolf
$wolf -> hit $1 .64m, Wolfius Maximus of Solstreet, $goat beta
$uman -> hit $1 .47m, we are all human
#retardia -> hit $1 .3m, #retardio beta
$viper -> hit $1m
$god -> hit $680k
$solo -> hit $572k , you can do it alone
#johnson -> hit $550k , Oh Long Johnson
$bud -> hit $536k
#100m -> hit $390k
#visualize -> hit $320k
$hd -> hit $308k , hits different
$mm -> hit $288k , memecoin millionaire

Just imagine how much everything's going to run once $btc breaks ATH

🚨 Canary Capital files with SEC for Litecoin ETF.

Canary Capital said it believes Litecoin presents a unique and compelling opportunity for investors seeking exposure to the cryptocurrency.

This reflects continued interest in crypto-backed ETFs.

“As one of the oldest blockchains with 100% uptime since its inception, Litecoin has demonstrated a proven track record of security and reliability with significant enterprise-grade use cases.”

💰 Gate io announces $10 million investment in TON blockchain.

“Strategic investment to accelerate Telegram-based projects and expand the TON ecosystem”

"The TON ecosystem holds strong potential thanks to its large Telegram user base and its fast and inexpensive blockchain technology"

https://x.com/gate_io/stat...

🇺🇸 20 DeFi platform executives write letter to Kamala Harris campaign team requesting meeting this month.

Among them, WOC founder Cleve Mesidor, Black Women Blockchain Council founder Olayinka Odeniran, and Penn State Dickinson Law professor Tonya Evans, among others, have called for a regulatory framework for web3 and DeFi.

Solana surpasses all other blockchains combined in Weekly Chain Royalties (from NFTs).

▶️ Dominance: 51%
▶️ Royalties: $305K

Solana DEX volume surpasses Ethereum and other blockchains, reaching a multi-month high of 27% market dominance.

Bitget Wallet launches OmniConnect, a new SDK linking Telegram Mini-Apps to over 500 blockchains, including Solana, enabling Solana builders to launch mini-games directly on Telegram.

🇺🇸 Two Russian nationals indicted by the Justice Department for laundering $2 .55 billion in illicit proceeds through three cryptocurrency exchanges.

Blockchain analysis conducted by authorities revealed that 32% of bitcoins managed by exchanges were linked to criminal activity, including more than $158 million in fraud and more than $8 .8 million in ransomware payments.

At Solana Breakpoint 2024, Charles d’Haussy, CEO of the dYdX Foundation, discussed the protocols’s upcoming enhancements and muse on Solana’s growth.

While dYdX, one of the crypto industry’s oldest decentralized perpetual exchanges, runs its own sovereign appchain, the platform recently integrated Solana-based assets into its platform.

The move brought greater exposure to a wealth of Solana ecosystem tokens, allowing dYdX traders to express their opinion on assets like $SOL , $JUP , and $WIF .

Drawing on his rich experience in the industry, d’Haussy made fascinating remarks about Solana culture.

Solana Builder Energy
When dYdX governance moved to include more Solana-based assets via a Raydium integration in June, d’Haussy and the dYdX were hesitant to approach the Solana community.

“When we started to reach out to the Solana ecosystem, I was kind of cautious and trying to be gentle, not knowing exactly how we would be welcome for conversations about possible integration”

From an outside perspective, blockchain tribalism formed a perceived barrier to entry. Chain maximalism is a serious obstacle within the industry, which is further exacerbated by obstinate and outspoken communities on social media.

Fortunately, away from the noise and distractions of social media, the teams actually building these ecosystems are eager to collaborate and push the collectively push the industry forward. d’Haussy remarked that the Solana Foundation was welcoming and receptive to working alongside teams from alternative ecosystems in the pursuit of progress.

“We were really warmly welcomed. I think the Solana ecosystem has showed us, you want to connect to the Solana ecosystem and bring more mindshare to the Solana ecosystem via your own chain? How can we help you?… The Solana Foundation has been extremely welcoming, connecting us to plenty of people. And the builders were also very welcoming.”

“Sometimes Twitter makes you think that this is all tribes and they look at each other from afar. But the reality is the real builders and the people which are in the industry long enough and for the long term, they are very friendly and they want to grow the cake for everyone.”

Additionally, d’Haussy asserted that “Solana is like Ethereum five years ago”, highlighting the energy and hunger shown by developers building innovative products. The CEO drew comparisons between the atmosphere of week’s earlier Token 2049 conference and Solana Breakpoint.

“We are just out of three days of Token 2049, which is much more salesy and marketing and towards trading activities, which is really the audience of DYDX. So, that was perfect, we had a blast over there. Suddenly, you wake up the next morning and you're going to Solana Breakpoint.”

“It's a bit of a shock for me because suddenly we are surrounded by devs. So, there is this kind of change of seasons overnight between the projects and the business development atmosphere of Token 2049 and here the business, the atmosphere of building here at Solana.”

Blockchain tribalism is a regrettable obstacle, but easily overcome. As evidenced by dYdX and the Solana, teams from different chains can always find ways to work together in a way that benefits both parties and further advances the space.

PayPal, one of the world’s largest financial platforms, continues its mission to deliver blockchain-based services to users and businesses alike.

On September 25, 2024, PayPal announced it would be enabling U.S. merchants to buy, hold, and sell cryptocurrency assets within their business accounts. The move is the latest in a slew of updates made by PayPal as the TradFi giant continues to embrace the cryptocurrency industry.

U.S. Businesses Can Now Store Funds Onchain
Following the successful launch of crypto services for individual users, PayPal remarked that businesses were eager to meet user’s growing demand for more comprehensive crypto services.

"Since we launched the ability for PayPal and Venmo consumers to buy, sell, and hold cryptocurrency in their wallets, we have learned a lot about how they want to use their cryptocurrency… Business owners have increasingly expressed a desire for the same cryptocurrency capabilities available to consumers. We're excited to meet that demand by delivering this new offering, empowering them to engage with digital currencies effortlessly." - Jose Fernandez da Ponte, Senior Vice President of Blockchain, Cryptocurrency, and Digital Currencies, PayPal.

PayPal’s commitment to providing merchants with expanded crypto services and flexibility goes beyond buying and selling digital assets. Merchants can now withdraw cryptocurrencies to external onchain wallets.

While PayPal has stipulated that this feature will be limited to “eligible” wallets, the move also opens the door to more businesses becoming involved in DeFi. For example, businesses holding capital might be able to lend out assets in various onchain lending protocols, earning additional yield on a merchant’s treasury.

$PYUSD Solana Supply Down 40% Since ATH
Since launching on Solana on May 29, 2024, $PYUSD enjoyed meteoric growth. Spurred on by generous liquidity provision incentives, $PYUSD’s Solana-based supply surged to over 663.4M tokens based on Step Finance data. This eclipsed Ethereum’s $PYUSD supply, making Solana the unofficial home of PayPal’s crypto services.

However, as $PYUSD reward campaigns have slowed and market conditions improved, the supply of PayPal USD on Solana has declined. At its highest point on August 28, 2024, Solana hosted $PYUSD 65.79% supply dominance.

Based on DeFiLlama data, that figure has since fallen to just 50.4%, with PayPal USD’s Solana-based supply currently sitting at 354M.

It's unlikely that PayPal merchants based in the U.S. will rush to bring their stablecoin holdings onchain and deploy them in Solana DeFi protocols. However, the move highlights PayPal’s willingness to respond positively to customer feedback and integrate blockchain technology into its expansive product suite.

On September 20, Reown, formerly WalletConnect, announced the launch of its Solana Appkit, a comprehensive developer tooling platform designed to simplify Solana ecosystem development.

The move promises to amplify Solana connectivity, leveraging a range of essential services that aim to expand the ecosystem. Best known for its expansive EVM network, Reown facilitates over 15M monthly wallet connections across 100+ blockchains.

Solana’s inclusion in Reown’s substantial list of supported chains comes following the network’s meteoric growth throughout 2024. Reown CEO Jess Houlgrave contends that the Solana Appkit’s launch could spearhead a new wave of applications on the network:

"The Solana ecosystem has stood out since its inception in 2020. Solana instantly drew interest from developers and teams throughout the industry, resulting in some of the biggest and most recognizable projects to date. The launch of the Solana AppKit will act as a catalyst for further growth, the AppKit simplifies building apps and ensures the best experience for end-users. We're excited to see what teams can do with these new tools". - Jess Houlgrave, Reown CEO.

What Can Developers Expect From Reown’s Appkit?
Reown’s Solana Appkit aims to streamline the development process, amplifying application connectivity across the ecosystem. The new tooling platform promises a range of essential features, including:

WalletConnect Network integration.

Simplified email and social login - Allowing users to connect to dApps using familiar, Web2 logins.

Fiat-to-Crypto onramp - Partnering with Coinbase, users can instantly buy over 100 crypto assets directly through Reown-powered apps.

Token swaps - In collaboration with 1Inch, Reown provides applications with in-app trades at the best available rates.

Web3 Messaging Notifications - Apps can now send onchain messages directly to user’s wallets.

Multi-Language support - Reown’s Solana Appkit supports developers building with React, Vue, JavaScript, and Next.js

Reown Attracts Key Launch Partners
Bringing the new Appkit to as many Solana developers, Reown has collaborated with some of the biggest names in the ecosystem. Integral DeFi apps like Jupiter, Solana’s leading aggregator, and Marinade Finance, one of Solana’s original staking providers, have lent their weight behind the launch, with additional support from Drift Protocol, a popular perpetual DEX, and Solayer, the network’s leading restaking protocol.

Drift Protocol co-founder Cindy Leow believes that Reown’s Solana Appkit will facilitate a smoother onboarding process for traders. Championing the toolkit accessibility, Leow expressed excitement at the prospect of a widening ecosystem.

“At Drift we’re continuously improving the experience for our users. As we expand, we want to see even more blockchain adoption. Integrating Reown’s Solana AppKit marks a milestone for accessibility and usability. We’re looking forward to seeing more apps in the Solana ecosystem leverage the Solana AppKit” - Cindy Leow, Drift Protocol co-founder.

Echoing Leow’s enthusiasm, Backpack CEO Armani Ferrante also demonstrated his support for the Reown Appkit.

“As the entry point for the Solana ecosystem, Backpack wallet team worked closely with the Reown team to integrate the Reown WalletKit on the mobile app end. We’re excited to partner with Reown and improve Solana users' experience. Now, users can easily access Backpack Wallet when they click the WalletConnect button on their favorite dApps.” - Armani Ferrante, Backpack CEO

Alongside Solana’s dramatic surge in user activity throughout 2024, the network has also enjoyed a significant increase in developer activity. According to the Solana 2023 Developer Report the network boasted over 2,500 monthly active developers.

The Reown Solana AppKit is expected to provide Solana’s expansive developer community with an expansive suite of tools, enabling them to create a diverse and access

🚨 Assetera launches the first regulated RWA market in Europe, on the Polygon blockchain.

The initiative is supported by regulation by the Austrian Financial Market Authority and compliance with the MiFID II directive.

https://www.coindesk.com/b...

🚨 Visa is working on a tokenized asset platform for banks and wants to launch a first pilot project in 2025 on Ethereum.

“We believe this creates a significant opportunity for banks to issue their own trust-backed tokens on blockchains, to do so in a regulated manner, and to enable their clients to access and participate in these onchain capital markets.”

New Chapter Unlocked: @Solana 🔲

1 ⃣ Multichain Boost: Deblock is fully committed to the diversity of blockchains
2 ⃣ Solana, the fast and economical alternative: Ultra-fast and cheaper transactions.
3 ⃣ IBANs & Solana: Easily switch to fiat currency with our integrated IBANs.

Ready to explore? 🌐

HIGHLIGHTS FROM SOLANA BREAKPOINT DAY TWO

Solana Breakpoint Day One set a rapid pace, with milestone announcements about Firedancer, key product updates from Jupiter, and trillion-dollar asset manager Franklin Templeton disclosing its intention to build a mutual fund on Solana.

Despite the high expectations following a blistering Day One, Day Two kept the momentum alive and delivered plenty of showstopping announcements.

COINBASE TO LAUNCH cbBTC ON SOLANA
Coinbase, one of the industry’s most popular centralized exchanges, announced its intention to deploy its wrapped version of Bitcoin on the Solana network. Since launching on Ethereum and Base just a few weeks earlier, cbBTC has quickly climbed the ranks to become the third-largest wrapped Bitcoin token in the market.

The move is expected to bring more of Bitcoin’s deep liquidity to Solana, where cbBTC can be integrated into various DeFi applications and increase capital efficiency on the network.

FIREDANCER LIVE ON MAINNET FOR NON-VOTE TRANSACTIONS
FireDancer may have stolen the show on Day One, but the Jump Crypto developers weren’t content to stop there. Firedancer’s Research and Development Architect, Phillip Taffet, and Production Engineer Anway De announced that the full Firedancer validator client was now live on the Solana mainnet for non-vote transactions.

But that wasn’t all that the Firedancer team had in store. A live demo also demonstrated the Frankendancer client executing 1.04M transactions per second.

MAGIC EDEN UNVEILS NEW FEATURES
Magic Eden, the blockchain industry’s largest NFT marketplace across all chains in terms of trading revenue, outlined some of its future plans.

Showcasing a more composable cross-chain ecosystem Magic Eden teased new features like the ability to swap fungible assets on one chain for non-fungible assets on a completely different network.

In a move that didn’t surprise anyone, Magic Eden also announced that its upcoming $ME token will be launched on Solana.

deBridge ANNOUNCES TGE
The deBridge ($DBR) token airdrop has been one of the most anticipated TGEs in recent months.

To thunderous applause from a captivated audience, deBridge co-founder Alex Smirnov announced that $DBR is scheduled to go live on the 17th of October.

Smirnov also used his time in the spotlight to share a wealth of new product features coming to the deBridge application, including gasless bridging and the integration of new chains live Bitcoin and Tron.

BONK ETP
One of Solana’s favorite memecoins, BONK made its presence known at Breakpoint. But beyond the BONK boxing ring, BONK core contributor Nom highlighted the prolific growth of the Bonk brand, which has secured impressive partnerships across the Web2 world, like its sponsorship of Borussia Dortmund.

Affirming BONK’s rise from memecoin, to cultural movement, to financial entity, Nom also announced the team’s intention to launch a BONK ETP. The move is believed to be a precursor to an eventual BONK ETF.

SANCTUM ANNOUNCES BIG UPDATES
Sanctum, the Solana DeFi powerhouse bringing greater flexibility to LST (Liquid Staking Tokens), announced several exciting updates.

First, Sanctum co-founder FP Lee introduced ‘Creator Coins’, a novel spin on LSTs that provides new tools for individuals, communities, and businesses to build, grow, and monetize their audiences.

Lee also announced the upcoming launch of a Sanctum card. Conceived in collaboration with BasedApp and Jupiter, the Cloud Card is expected to facilitate real-world payments using Solana-based crypto assets.

Finally, the Sanctum founder also shared that the platform’s polarizing incentives campaign, Wonderland, would be making its return soon with a second season of rewards.

🚨 bonk_inu reveals the beginnings of an ETP $BONK in the United States 🇺🇸

This development signifies the initial phase of the creation of a possible BONK ETF.

As a reminder, Bonk is a memecoin built on the blockchain #Solana

Coins.ph, the biggest crypto exchange in the Philippines, announces the launch of $PHPC (Philipine Peso Stablecoin) on the Solana blockchain.

SOLANA BREAKPOINT: The Biggest Announcements From Day One
Hopes were high for some big announcements, but even the most devout Solana maxi wasn’t ready for this.

Over 5,700 Solana fans, users, and bulls descended on day one of Singapore Breakpoint. The biggest conference event in Solana history, Breakpoint delivered a wrath of key updates, with crucial developments announced from both native teams and institutional players.

If you weren’t at Breakpoint, here’s what you need to know:

FIREDANCER LIVE ON TESTNET
Solana users and investors alike were delighted to see Kevin Bowers, Jump Crypto’s Chief Science Officer take the stage to deliver one of the network’s most eagerly awaited updates.

Firedancer, the novel validator client promising to bring unparalleled levels of scalability, decentralization, and security to Solana, is now live on testnet.

But that’s just the tip of the iceberg. Bowers also took the opportunity to outline the development history of the client and its evolution from Frankendancer, an experimental synergy of existing software with Jump’s new codebase, to the optimized final Firedancer product.

To rounds of raucous applause from the Solana faithful, Bowers announced that the existing Frankendancer client is now live on the Solana mainnet.

FRANKLIN TEMPLETON BUILDING ON SOLANA
While existing SOL ETF applications find themselves unlikely to be approved in the short term, that doesn’t mean that TradFi giants aren’t eager to launch Solana-based products to their institutional clients.

Franklin Templeton, one of the world’s largest financial players boasting over $1 .3T in AUM (Assets Under Management) announced its intention to launch a mutual fund on the Solana blockchain.

CITIBANK EXPLORING SOLANA
Franklin Templeton, 21Shares, and VanEck aren’t the only Wall Street players with an eye on crypto’s most performant Layer-1.

Citibank, the fourth largest bank in the United States, shared that it was exploring Solana’s potential, suggesting that seamless money transfers and advanced smart contract composability present unique opportunities in the future.

JUPITER MAKES BIG MOVES
Traditional Finance may have dominated the headlines, but Solana-native DeFi teams also commanded their fair share of the spotlight.

Jupiter co-founder Siong presented an immense range of updates coming to Jupiter’s expansive ecosystem. Crucial announcements included a refreshed v2 perps platform, the reveal of the Ape Pro memecoin trading platform, further details surrounding the Jupiter mobile wallet, and Jupiter’s acquisition of the SolanaFM explorer.

SKY, FORMERLY MakerDAO, DEPLOYS ON SOLANA
MakerDAO, one of the crypto industry’s longest standing DeFi protocols, recently rebranded to SKY, migrating its iconic decentralized stablecoin from $DAI to $USDS . Building on top of the momentum achieved with the rebrand, SKY announced a proposal to leverage Wormhole’s cross-chain infrastructure to bridge $USDS to Solana.

Reinforcing SKY’s desire to be present on the Solana network, the protocol announced an rewards campaign to incentivise deeper liquidity on the network. According to SKY governance, the maximum distribution of weekly rewards is capped at 2M $SKY .

The move helps to bring greater stability to Solana DeFi by providing a more diversified range of stablecoin assets onchain.

Continuing the trend of Solana migration, the Huma Finance PayFi network also announced its intention to launch on the network.

$1 .3 trillion asset manager Franklin Templeton plans to launch a Mutual Fund on Solana blockchain.

Citibank is exploring Solana's potential, looking to utilize blockchain technology for seamless money transfers and advanced smart contracts in the future.

(Citi Bank is the 4th largest bank in the US🇺🇸).

🚨 Franklin Templeton plans to launch a mutual fund on the Solana Blockchain.

As a reminder, the company manages more than $1 .3 trillion in assets for its clients

Patience soon rewarded? 🤔

The volume of $BTC olds transferred on the blockchain has plunged by 90% since March.

Investors are waiting for the right moment to cash in their profits again! 💰

New to Maestro or just need a quick refresher? Check out the latest reviews from your go-to blog channels.

Read up and join in on the action! 👇

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