American model and rapper Amber Rose launched a Solana meme coin called $MUVA .

She's one of the latest celebrities to come onboard the memecoin mania.

It would interest you to know that she used 4 wallets funded from Kraken to snipe 60% of $MUVA . $308K (2133 SOL) worth of $MUVA has already been dumped .

Paulo Costa a Middleweight MMA fighter just became an ambassador for Solana memecoin $MANEKI

GSR has reported that a spot Solana ETF could potentially increase the price of $SOL by up to 8.9x or even more.

Another one!!!🥳🥳

21shares has officially filed for solana spot ETF.

GM Bullverse,🐧

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Get your App listed on our Solana HUB.✅

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The Team has been hard at work behind the scenes on the Webapp and performing analytics from the first months metrics. 📈

Since the Raid Suite has gone live we have:

- 2000 unique wallets generated across 40 Telegram groups.

- Bought back >1M $KIT and airdropped >5M to the Kitsune Community.

- Received airdrop fees from 15 separate projects.

- Added three Strategic Partners in Gamba, ape.lol and @bullverse
.

Today VanEck filed the first spot ETF for Solana, this is only our first month, and Summer is only just starting....

Are you ready 🦊?

Crypto in 2024: Mid-Year Reflections

4 takeaways 👇

Crypto moves fast – like blink-and-you-missed-it fast.

The first half of this year has been no different, with new chains and applications emerging daily and the crypto industry gaining mainstream acceptance in the financial world.

Amid the Twitter echo chambers and the frenzy of bull market price action, it's easy to lose sight of the bigger picture. So, let's zoom out and focus on the signal amid the noise.

TL;DR Crypto is just getting started; don't get shaken out.

Today, we’ll take a step back to reflect on the key developments of H1 2024, exploring the significant events and trends that highlight the progress we've made this year. 👇

1️⃣ Crypto is now mainstream
Remember the days when crypto was a niche plaything for cypherpunks? Those days are well over.

In the first half of 2024, crypto broke through to the mainstream with a vengeance.

The turning point was the long-awaited approval of spot Bitcoin ETFs in January. Suddenly, Wall Street had a comfortable on-ramp to crypto, and they took it in a big way. Eleven ETFs launched in one day, and volumes broke records.

And it didn’t stop at Bitcoin. The SEC finally greenlit eight spot ETH ETFs in May, further validating the entire crypto ecosystem, and opening the door for even broader institutional adoption.

2️⃣ Crypto Adoption Accelerating
Crypto adoption is accelerating at a remarkable pace. The number of active users across blockchains is up big time, hitting an all-time high of 42.92 million active addresses in April.

Another factor is the resurgence of DeFi. DeFi activity and mindshare are on the rise again, signaling a renewed interest and activity onchain, one that's moving beyond simple speculation to perhaps some real-world utility, like in the form of stablecoins for payments and asset tokenization for RWAs such as government securities.

The momentum is clear: more people are coming onchain, and they're finding more reasons to stay.

3️⃣ Ethereum Still Dominant, But Solana Rising
Ethereum remains the dominant force in crypto. Over 60% of the total value locked in DeFi sits on Ethereum, a testament to the lindy ecosystem, which acts as a foundation for countless applications and chains.

This dominance is not just a matter of capital but also technological progress on the roadmap. Ethereum is scaling through L2s like Base who have seen robust adoption this year, and thanks to the most recent Dencun upgrade, offer users significantly lowered gas fees.

Moreover, Solana’s innovation engine is running hot. Tech advancements like zk-compression and user-friendly features like Blinks are setting the stage for broader adoption, and we can see that Solana’s network effects are taking root in real time.

Make no mistake: Ethereum isn't going anywhere. Its established network effects and vast developer community ensure its continued importance in crypto. But Solana's impressive strides can't be ignored. Both ecosystems are thriving, each in its unique way. This parallel adoption is a win for crypto users, as it accelerates innovations and drives the entire industry forward.

4️⃣ More Chop Ahead, Then Up-Only
Bitcoin broke its all-time high in March, briefly breaching the $70 ,000 mark. While that party seemed to end pretty abruptly, let's not get carried away. This bull market is far from over.

The long-awaited ETH ETFs are nearly here, interest rate cuts are likely on the way, and crypto will likely continue to earn a place on the national stage during the U.S. elections with potential positive policy shifts in play.

💭 Closing Thoughts
So, has the first half of 2024 been all smooth sailing for crypto? Not quite.

The bull market must go

GM Bullverse,🐧

Tomorrow we will announce our latest feature.💎

You want your Project on our App?📳
PengyOS offers full customization to your liking.✅

Join Pengy & the degens while enjoying the Solana Summer season.😎💫

Tensor an NFT marketplace, has regained market share after announcing a Season 4 on Solana.

Serious pump in Solana by over 11% after VanEck announced filing for solana spot ETF.

Bloomberg analyst James Seyffart suggests that the approval of the first U.S. solana ETF could be delayed until 2025 due to potential changes at the United States White House and Security Exchange Commission.

Venture Capitalist GSR made a recent report suggesting that solana could be on track to join Bitcoin and Ethereum with its own spot ETF, citing its prominent role in the crypto market alongside the Big Three. #btc #eth #SOL

The impact on $SOL just might be the largest yet.

For y'all sport fans,

Blockasset built on Solana is bringing you closer to your fav athletes. You can make predictions on sports-centered, free-to-play games to earn tokenized points, which can be used in the Blockasset ecosystem to:

✅ Make wagers on sports events
✅ Get exclusive content from athletes
✅ Attend live events
✅ VIP venue tours
✅ Even athlete training sessions

Fans get access to unique experiences and access; athletes use digital assets to supercharge deep connections to their biggest cheerleaders. Win-win!

It’s working, and not just with current blockchain users. When launching an NFT with MMA fighter Khamzat Chimaev, 35% of all mints were from non-crypto sports fans. After the mint, Chimaev made exclusive content for the Blockasset community that eventually accumulated millions of views.

An early team from the Solana ecosystem – they’ve been around since 2021 – Blockasset has slowly been building a following into the sports world. Soon, they’ll be working with UFC fighters, introducing a whole new audience to unique web3 experiences.

It’s a better experience for everyone

For y'all who didn't know,

TradFi Giant VanEck becomes the first institutional firm to file for a Solana ETF, citing “better user experience” as a key factor to alternatives.

After filing for a solana spot ETF, Vaneck comes out to discuss Solana's potential as a competitor to Ethereum, making reference to its scalability, speed, and low transaction costs.

They believe Solana's decentralized nature and high utility could establish it as a valuable commodity compared with other digital assets.

Worldcoin's World ID is gonna be expanding to solana.

Wormhole has secured a grant from the Worldcoin Foundation to integrate World ID into the solana ecosystem.

Drift Protocol a perpetual DEX on Solana is set to migrate to PythNetwork's new pull oracles to enhance its protocol and user experience

🚨 VanEck files for Spot ETF #Solana with the SEC.

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With DePin projects up 249% since June 2023 and the industry maturing, DePin projects continue to choose Solana and exceeds competing sectors as it's Solana-Based projects gain more momentum.

Hedgehog a prediction market on Solana plans to introduce support for Solana Blinks soon, which would enable users to bet on prediction markets directly on X FKA Twitter.

SonicSVM Testnet ODYSSEY, a Layer 2 solution on @solana , has hit a significant milestone just a week after its launch.

▶️ Wallets: 100K
▶️ Transactions: 17 million

Currently testing an automated scalping strategy on trending solana tokens, will keep updates here to document my progress.

Phantom wallet has integrated Solana's new innovation BLINKS and ACTIONS which have been designed to make it possible for users to perform whatever transaction without having to leave the 𝕏 feed.

But I know one thing for sure,

There's more coming.

AUDIUS, a decentralized music streaming platform on yours truly Solana, has secured licensing agreements with all major United States Performing Rights Organizations namely:

➢ ASCAP
➢ BMI
➢ GMR
➢ SESAC.

Solana just pulled another one and it's called Blinks (Blockchain links) which essentially makes it possible to initiate a transaction directly on X FKA Twitter.

Blinks are now live on JupiterExchange, Sanctum, Tensor and Helium.

Raj Gokal the co-founder of Solana has been encouraging devs and users aloke to make good use of the new "Blinks and Actions" Tech.

He wrote "Devs, if you’re focused on growth, start experimenting with this tech ASAP. Users, get ready to see your feed transformed".

Colosseum, a startup accelerator on Solana, announces a $60M raise to support Solana-based founders. The platform simplifies entry and fosters global competition, driving better innovations.

Their plan is to make it easy for early-stage development on Solana.

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