4 days ago
Not every red candle is the start to a crash
Understand whether you're trading conviction or gambling for a quick flip
Stop looking at 1 second charts
Zoom out
Understand whether you're trading conviction or gambling for a quick flip
Stop looking at 1 second charts
Zoom out
10 days ago
Daily Memecoin Recap - November 24
Good volume, drama with pump fun livestreams
Science Meta
$dna -> hit $16 .8m
#roident -> hit $4 .8m, pumpdotscience mascot
$psmice -> hit $4 .3m, pumpdotscience mascot
$rna -> hit $3 .3m
Frog Memes
$terry -> hit $30m , unique
$fog -> hit $4 .8m, frog meme, simple yet good art
Artist Launch
$wain -> hit $9 .4m, amazing art
- ratwell0x is the artist
Elon Tweets
$would -> hit $26m , elonmusk
posted the meme
#ironyman -> hit $7m
$msnbc -> hit $3 .5m
$spqr -> hit $2 .9m
$mt -> hit $1 .4m, monk temptation
$x -> hit $600k
- Elon is the biggest KOL frfr
- Bro doesn't even know that there's coins worth 8 figs that spawn because of his tweets
TikTok/GenZ Memes
#mustard -> hit $81m , Kendrick lamar yelling MUSTAAAARD, viral on tikttok
#daddychill -> hit $15m , famous video, picking up partly because of #chillguy
#rizzmas -> hit $8 .7m
$bro /eco -> hit $7 .3m
$nose -> hit $5 .6m, let me do it for you
#ketchup -> hit $2 .1m
$gnome -> hit $1 .7m
Artificial Intelligence
#overseer -> hit $15 .1m
$mind -> hit $9m
Solana Pet
$blob -> hit $22 .7m
First Human Being Created By God
$adam -> hit $1 .9m
More Cooks
$purpe -> hit $77m , purple $pepe , back from the dead
$hege -> hit $31m
#justice -> hit $24 .8m, justice for $pnut and $fred
$mtm -> hit $11m
#sootcase -> hit $9 .9m, Barron Trump meme
$pim -> hit $7 .9m
$mike -> hit $6m
$oiia -> hit $3 .3m, cat meme
#tontoba -> hit $3m
$bread -> hit $2m , literally just bread
$boggs -> hit $2m
$1 -> hit $1 .6m, just buy $1 worth of this coin
$jensen -> hit $1 .5m, #Nvidia CEO
$bling -> hit $960k
$moar -> hit $900k
$kaiju -> hit $800k
$meme /eco -> hit $600k , meme economy
Do you think pump fun should turn off livestreams?
Good volume, drama with pump fun livestreams
Science Meta
$dna -> hit $16 .8m
#roident -> hit $4 .8m, pumpdotscience mascot
$psmice -> hit $4 .3m, pumpdotscience mascot
$rna -> hit $3 .3m
Frog Memes
$terry -> hit $30m , unique
$fog -> hit $4 .8m, frog meme, simple yet good art
Artist Launch
$wain -> hit $9 .4m, amazing art
- ratwell0x is the artist
Elon Tweets
$would -> hit $26m , elonmusk
posted the meme
#ironyman -> hit $7m
$msnbc -> hit $3 .5m
$spqr -> hit $2 .9m
$mt -> hit $1 .4m, monk temptation
$x -> hit $600k
- Elon is the biggest KOL frfr
- Bro doesn't even know that there's coins worth 8 figs that spawn because of his tweets
TikTok/GenZ Memes
#mustard -> hit $81m , Kendrick lamar yelling MUSTAAAARD, viral on tikttok
#daddychill -> hit $15m , famous video, picking up partly because of #chillguy
#rizzmas -> hit $8 .7m
$bro /eco -> hit $7 .3m
$nose -> hit $5 .6m, let me do it for you
#ketchup -> hit $2 .1m
$gnome -> hit $1 .7m
Artificial Intelligence
#overseer -> hit $15 .1m
$mind -> hit $9m
Solana Pet
$blob -> hit $22 .7m
First Human Being Created By God
$adam -> hit $1 .9m
More Cooks
$purpe -> hit $77m , purple $pepe , back from the dead
$hege -> hit $31m
#justice -> hit $24 .8m, justice for $pnut and $fred
$mtm -> hit $11m
#sootcase -> hit $9 .9m, Barron Trump meme
$pim -> hit $7 .9m
$mike -> hit $6m
$oiia -> hit $3 .3m, cat meme
#tontoba -> hit $3m
$bread -> hit $2m , literally just bread
$boggs -> hit $2m
$1 -> hit $1 .6m, just buy $1 worth of this coin
$jensen -> hit $1 .5m, #Nvidia CEO
$bling -> hit $960k
$moar -> hit $900k
$kaiju -> hit $800k
$meme /eco -> hit $600k , meme economy
Do you think pump fun should turn off livestreams?
1 month ago
🚨 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...
“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...
1 month ago
Daily Memecoin Recap - October 22
Volume just keeps getting better 🤫
Play Of The Day
$flavia -> hit $59m
Pump Fun Integrates Video Coins
$roll -> hit $2 .2m, rick, "never gonna give you up" song
$cum -> hit $1 .18m, Trump + Kamala video "I'm gonna cum"
- You can now launch video coins on pumpdotfun
- A small NSFW meta followed the launch of this feature
Goat Going For ATH
$goat -> $145m to $538m (3.7x)
$kid -> $60k to $4 .5m (58x), Kidseus Minimus, $goat beta
- Initally crashed 70% due to truth_terminal
making a typo
- People speculated that it's not actually AI
- Already recovered from the 70% decline
Binance Buys An AI Coin
$fiji -> hit $11m
- A wallet associated with binance
bid 160 $sol
Chabenisky
$mark -> hit $9m , woman version mcuban
Crash Game
$hana -> hit $5 .38m
- Gambling + AI
Animal Meta
$kwif -> $4 .2m to $10m (2.38x), kitten $wif hat
$meizhu -> hit $2 .42m, new baby panda at guangzhou
$dog -> hit $2 .36m, just a dog
$new -> hit $1 .6m, new dog
Artificial Intelligence
$catgf -> $5 .6m to $18 .6m (3.3x)
$omega -> $1 .84m to $13 .46m (7.3x)
$wotf -> $1 .5m to $5m (3.3x), way of the future
$cog /acc -> $240k to $3 .1m (12.9x),
$lotus -> $233k to $2 .3m (10x)
$blu -> hit $5 .95m
$ttt -> hit $4m , truth terminal token
#gematro -> hit $4m ,
xenocosmography tweet
$lynx -> hit $3 .63m
$mind -> hit $3m
$memex -> hit $2 .7m
$truth -> hit $2 .53m, Truth Terminal's 1st Tweet
$tol -> hit $2 .45m, terminal of life
$gmtr -> hit $2m
$azure -> hit $1 .73m
$new -> hit $1 .6m, new dog, goal to become the new dog coin
#automated -> hit $1 .3m
$lora -> hit $968k
$cypher -> hit $783k ,
xenocosmography tweet
$hana -> hit $700k , Japanese AI meme
#aijesus -> hit $655k , Ask Jesus
Moonshot
$buddy -> hit $3 .5m, $26k + in LP Rewards
$urs -> hit $2 .2m, $42k + in LP Rewards
More Cooks
$wmm -> $1 .9m to $9m (4.73x), weird medieval memes, pushed by KOLs
$koto -> hit $7 .77m
$jim -> hit $7 .6m, naked jim, good content
$tard -> hit $3 .11m
$nchad -> hit $1m , $giga beta
#realchad -> hit $900k , nonAI Giga Chad, $giga beta
$log -> hit $746k
$txn -> hit $456k , people chatting through solana transactions
Notable: HanaSolanaa just raised 6000 sol ($1m) in 30 minutes
- I am completely unaffiliated with this, just relaying info
Are you locked in?
Volume just keeps getting better 🤫
Play Of The Day
$flavia -> hit $59m
Pump Fun Integrates Video Coins
$roll -> hit $2 .2m, rick, "never gonna give you up" song
$cum -> hit $1 .18m, Trump + Kamala video "I'm gonna cum"
- You can now launch video coins on pumpdotfun
- A small NSFW meta followed the launch of this feature
Goat Going For ATH
$goat -> $145m to $538m (3.7x)
$kid -> $60k to $4 .5m (58x), Kidseus Minimus, $goat beta
- Initally crashed 70% due to truth_terminal
making a typo
- People speculated that it's not actually AI
- Already recovered from the 70% decline
Binance Buys An AI Coin
$fiji -> hit $11m
- A wallet associated with binance
bid 160 $sol
Chabenisky
$mark -> hit $9m , woman version mcuban
Crash Game
$hana -> hit $5 .38m
- Gambling + AI
Animal Meta
$kwif -> $4 .2m to $10m (2.38x), kitten $wif hat
$meizhu -> hit $2 .42m, new baby panda at guangzhou
$dog -> hit $2 .36m, just a dog
$new -> hit $1 .6m, new dog
Artificial Intelligence
$catgf -> $5 .6m to $18 .6m (3.3x)
$omega -> $1 .84m to $13 .46m (7.3x)
$wotf -> $1 .5m to $5m (3.3x), way of the future
$cog /acc -> $240k to $3 .1m (12.9x),
$lotus -> $233k to $2 .3m (10x)
$blu -> hit $5 .95m
$ttt -> hit $4m , truth terminal token
#gematro -> hit $4m ,
xenocosmography tweet
$lynx -> hit $3 .63m
$mind -> hit $3m
$memex -> hit $2 .7m
$truth -> hit $2 .53m, Truth Terminal's 1st Tweet
$tol -> hit $2 .45m, terminal of life
$gmtr -> hit $2m
$azure -> hit $1 .73m
$new -> hit $1 .6m, new dog, goal to become the new dog coin
#automated -> hit $1 .3m
$lora -> hit $968k
$cypher -> hit $783k ,
xenocosmography tweet
$hana -> hit $700k , Japanese AI meme
#aijesus -> hit $655k , Ask Jesus
Moonshot
$buddy -> hit $3 .5m, $26k + in LP Rewards
$urs -> hit $2 .2m, $42k + in LP Rewards
More Cooks
$wmm -> $1 .9m to $9m (4.73x), weird medieval memes, pushed by KOLs
$koto -> hit $7 .77m
$jim -> hit $7 .6m, naked jim, good content
$tard -> hit $3 .11m
$nchad -> hit $1m , $giga beta
#realchad -> hit $900k , nonAI Giga Chad, $giga beta
$log -> hit $746k
$txn -> hit $456k , people chatting through solana transactions
Notable: HanaSolanaa just raised 6000 sol ($1m) in 30 minutes
- I am completely unaffiliated with this, just relaying info
Are you locked in?
2 months ago
🕹 Ubisoft is set to launch a collection of 10,000 NFTs on Arbitrum via Magic Eden.
These NFTs will allow holders to play the upcoming game Captain Laserhawk: The GAME in advance.
“Through the integration of Web3, we are enabling our community to not only play, but also shape the future of gaming”
These NFTs will allow holders to play the upcoming game Captain Laserhawk: The GAME in advance.
“Through the integration of Web3, we are enabling our community to not only play, but also shape the future of gaming”
2 months ago
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.
2 months ago
🚨 Britain Gambling Commission pursues Sorare.
According to the British regulator, the web3 fantasy game is a gambling game and therefore operating without a license.
Sorare denies the charge of unlicensed gambling.
“You may have seen the statement made today by the UKGC. Please be assured that this does not change the way our site operates if you are a UK resident. We will continue to operate as normal and you will be able to continue to play as usual.
We of course strongly deny any allegations that Sorare does not comply with UK laws. We have created a new category of games, built an innovative product concept while using emerging technology.
The Commission is misinterpreting and misapplying the law in applying it to Sorare’s business. We are taking steps to ensure this is rectified and have instructed our UK lawyers to challenge the allegations currently being made by the Commission.
We have always maintained a proactive and constructive approach with regulators around the world, and we will continue to do so.”
Says Nicolas Julia, CEO of Sorare.
According to the British regulator, the web3 fantasy game is a gambling game and therefore operating without a license.
Sorare denies the charge of unlicensed gambling.
“You may have seen the statement made today by the UKGC. Please be assured that this does not change the way our site operates if you are a UK resident. We will continue to operate as normal and you will be able to continue to play as usual.
We of course strongly deny any allegations that Sorare does not comply with UK laws. We have created a new category of games, built an innovative product concept while using emerging technology.
The Commission is misinterpreting and misapplying the law in applying it to Sorare’s business. We are taking steps to ensure this is rectified and have instructed our UK lawyers to challenge the allegations currently being made by the Commission.
We have always maintained a proactive and constructive approach with regulators around the world, and we will continue to do so.”
Says Nicolas Julia, CEO of Sorare.
2 months ago
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 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.
2 months ago
Drift Protocol, a rising star in the Solana DeFi space, has secured a $25 million Series B funding round led by crypto venture firm Multicoin Capital. This significant investment follows Drift's series of strategic moves to capture a larger share of the diverse DeFi derivatives market and will fuel an ambitious expansion of its team.
Drift's recent launch of BET on DRIFT, a prediction market built on Solana ahead of the US elections, has garnered considerable attention. Within just one week of launch, Drift flipped PolyMarket in 24-hour volume on August 28th, 2024, signaling a strong user response and a potential shift in the prediction market landscape.
The platform's rapid growth, with $388 million in total value locked (TVL) and a series of successful product launches, has attracted significant investor interest. While details of the latest funding round remain unclear, it is believed to be a private token sale, given Drift's existing $DRIFT token launched in May 2024.
Multicoin Capital's Managing Partner, Kyle Samani, confirmed the private nature of the funding round in a tweet posted a few days before the official announcement. He expressed strong confidence in Drift's potential: "We have been analyzing DeFi derivatives pretty seriously since 2019-2020, and we believe that Drift Protocol is the best positioned protocol to capture that opportunity. We led multiple private rounds and have been buying on the public market since the token launched in May."
The Drift token $DRIFT has surged by 77% in the past 30 days, currently trading at.73 at press time.
Drift's Journey: From Seed to Series B and Beyond
Drift's journey to this point has been marked by steady growth and strategic fundraising. The platform raised $3 .8 million in a seed round in 2021, followed by a $23 .5 million Series A round in May 2023. This latest funding round brings Drift's total funding to an impressive $52 .5 million, positioning it for further expansion and innovation.
Fueling Growth: Doubling the Team
With this fresh injection of capital, Drift is set to embark on an aggressive growth trajectory. The company plans to double its headcount from 25 to 50 within the next year. This expansion will bolster Drift's capabilities across various fronts, including engineering, product development, marketing, and business development.
With fresh capital and a growing user base, Drift is well-positioned to execute its ambitious roadmap. The platform plans to expand its suite of financial services tools, enhance its cross-margin functionality, and further develop its prediction market offerings.
Drift's recent launch of BET on DRIFT, a prediction market built on Solana ahead of the US elections, has garnered considerable attention. Within just one week of launch, Drift flipped PolyMarket in 24-hour volume on August 28th, 2024, signaling a strong user response and a potential shift in the prediction market landscape.
The platform's rapid growth, with $388 million in total value locked (TVL) and a series of successful product launches, has attracted significant investor interest. While details of the latest funding round remain unclear, it is believed to be a private token sale, given Drift's existing $DRIFT token launched in May 2024.
Multicoin Capital's Managing Partner, Kyle Samani, confirmed the private nature of the funding round in a tweet posted a few days before the official announcement. He expressed strong confidence in Drift's potential: "We have been analyzing DeFi derivatives pretty seriously since 2019-2020, and we believe that Drift Protocol is the best positioned protocol to capture that opportunity. We led multiple private rounds and have been buying on the public market since the token launched in May."
The Drift token $DRIFT has surged by 77% in the past 30 days, currently trading at.73 at press time.
Drift's Journey: From Seed to Series B and Beyond
Drift's journey to this point has been marked by steady growth and strategic fundraising. The platform raised $3 .8 million in a seed round in 2021, followed by a $23 .5 million Series A round in May 2023. This latest funding round brings Drift's total funding to an impressive $52 .5 million, positioning it for further expansion and innovation.
Fueling Growth: Doubling the Team
With this fresh injection of capital, Drift is set to embark on an aggressive growth trajectory. The company plans to double its headcount from 25 to 50 within the next year. This expansion will bolster Drift's capabilities across various fronts, including engineering, product development, marketing, and business development.
With fresh capital and a growing user base, Drift is well-positioned to execute its ambitious roadmap. The platform plans to expand its suite of financial services tools, enhance its cross-margin functionality, and further develop its prediction market offerings.
2 months ago
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
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
3 months ago
Crypto markets have suffered noticeable pullbacks following September 10’s highly anticipated presidential debate.
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
In the wake of self-proclaimed ‘Crypto President’ Donald Trump’s performance, scales have tipped in favor of Kamala Harris, with prediction markets illustrating renewed support for the Democrats.
Crypto Markets Tumble as Republican Confidence Wanes
The presidential debate had a resounding effect on the digital asset market. Following the event, $SOL price has dropped 5.1%, sliding from September 10’s high of $137 .9 to currently trade hands at $130 .84.
Beyond asset prices, CoinMarketCap’s Crypto Fear & Greed Index also dropped from a neutral 46.72 to a fearful ranking of 31.6.
The crypto market’s slide is expected to be due to the wider industry’s assumption that a Trump presidency will be favorable for the blockchain industry.
Commentators argue that Trump’s pro-crypto stance will greatly benefit the sector, with many analysts proposing that the approval of a spot SOL ETF hinges on a Republican victory. Meanwhile, some Solana community members expressed that regardless of who emerges triumphant in November, it will make little difference.
Over the past four years, the Biden administration has loomed large over the crypto industry. Gary Gensler and the S.E.C. (Securities and Exchanges Commission) have been widely criticized by the crypto community for their regulation-by-enforcement approach, which has seen the agency hand out a litany of lawsuits to crypto businesses throughout its time in office.
Volume Spikes on Drift Protocol’s Prediction Market
While Trump and Harris clashed heads on camera, traders took their chance to hit the prediction markets. Drift Protocol’s BET platform, a marketplace enabling users to trade the outcomes of real-world events, enjoyed an impressive surge of trading volume during the debate.
According to Dune Analytics, Drift Protocol’s BET protocol witnessed over $851k in daily trading volume. While falling short of market leader PolyMarket’s $14M daily volume, BET’s dramatic volume spike represented a 1,287% increase over the previous day’s trading.
According to BET’s dedicated market, Trump’s chances of winning the presidential election dropped from 54.2% to 49.5% since the debate began.
$TREMP Down, $KAMA Up
Finally, the landmark debate sent waves of volatility through Solana’s PolitiFi memecoin economy.
Unfortunately for $TREMP holders, crypto markets rejected the Presidential hopeful’s debate performance. $TREMP price crumbled under increased selling pressure, plunging 28% from.19 to currently exchange hands at.135, based on Step Finance data.
Meanwhile, the Kamala Harris-inspired $KAMA saw renewed support. $KAMA surged over 34%, rising from 0.007 to currently trade at.0094. Despite $KAMA’s superior performance, the memecoin still has a smaller market cap ($8.3M) than its PolitiFi rival $TREMP ($14.2M).
3 months ago
🚨 BREAKING 🚨
This is crazy:
Interest expenses on the US federal debt have surpassed a RECORD of $3 billion PER DAY.
TRIPLING the amount paid 10 years ago and DOUBLING the amount paid just 2.5 years ago 😅💸
The bubble just keeps getting bigger, and the worst thing is that they are not doing anything to try to stop it...
Thanks Satoshi for getting us out of this... #Bitcoin
This is crazy:
Interest expenses on the US federal debt have surpassed a RECORD of $3 billion PER DAY.
TRIPLING the amount paid 10 years ago and DOUBLING the amount paid just 2.5 years ago 😅💸
The bubble just keeps getting bigger, and the worst thing is that they are not doing anything to try to stop it...
Thanks Satoshi for getting us out of this... #Bitcoin
3 months ago
Jupiter Exchange introduces Jupiter Lock, a free, open-source, and audited tool enabling projects to launch their token, now available in Beta.
3 months ago
platform for all types of betting, read the integration and usage guide for your project token, even if it is a new project released on Sol. Integrate tokens, create immediate use value, UPDOG was dead, but they were revived by integrating gambling technology, so they increased in price
4 months ago
Aiming to streamline and simplify the Solana user experience, Fuse Wallet has unveiled yet another creative tool. After delivering Solana’s leading multisig solution and developing a seed phraseless smart wallet, Fuse is finally bringing gas abstraction to Solana.
What is gas abstraction, and how does it facilitate simplified applications on the Solana blockchain?
HOW DOES GAS ABSTRACTION WORK
In an eagerly awaited update, Fuse Wallet has finally implemented gas abstraction. A helpful onboarding tool, gas abstraction makes Solana gas payments simpler than ever before by expanding the ways in which users can pay transaction fees.
Through the platform’s Paymaster feature, Fuse Wallet’s native LST (Liquid Staking Token), fuseSOL can be automatically converted to SOL to pay transaction fees. This gives users greater flexibility by enabling them to deploy all their SOL throughout the ecosystem while still enjoying the staking rewards provided by fuseSOL.
Essentially, Fuse Wallet’s Paymaster feature ensures that your wallet always maintains a minimum balance of fuseSOL that is sufficient to pay transaction fees. Kept separate from your main balance, the Paymaster also allows for a daily spending limit of 0.1SOL.
While for now, this might sound as simple as using fuseSOL for transaction fees instead of SOL, the future implications allow for a far more diversified onchain landscape.
WHY IS THIS HELPFUL?
In the future, Fuse Wallet expects that users will be able to pay gas fees using any supported cryptocurrency, like USDC. Successful implementation of gas abstraction means that users are no longer required to hold SOL in their wallets, enabling them to explore the Solana ecosystem with greater freedom and simplicity.
Additionally, gas abstraction will make it possible for applications to cover the costs of network transaction fees on behalf of their users. This feature eliminates a massive friction point that hampers adoption and helps new users join the onchain economy.
Commentators on social media have lauded the move as a bold step forward for crypto onboarding.
What is gas abstraction, and how does it facilitate simplified applications on the Solana blockchain?
HOW DOES GAS ABSTRACTION WORK
In an eagerly awaited update, Fuse Wallet has finally implemented gas abstraction. A helpful onboarding tool, gas abstraction makes Solana gas payments simpler than ever before by expanding the ways in which users can pay transaction fees.
Through the platform’s Paymaster feature, Fuse Wallet’s native LST (Liquid Staking Token), fuseSOL can be automatically converted to SOL to pay transaction fees. This gives users greater flexibility by enabling them to deploy all their SOL throughout the ecosystem while still enjoying the staking rewards provided by fuseSOL.
Essentially, Fuse Wallet’s Paymaster feature ensures that your wallet always maintains a minimum balance of fuseSOL that is sufficient to pay transaction fees. Kept separate from your main balance, the Paymaster also allows for a daily spending limit of 0.1SOL.
While for now, this might sound as simple as using fuseSOL for transaction fees instead of SOL, the future implications allow for a far more diversified onchain landscape.
WHY IS THIS HELPFUL?
In the future, Fuse Wallet expects that users will be able to pay gas fees using any supported cryptocurrency, like USDC. Successful implementation of gas abstraction means that users are no longer required to hold SOL in their wallets, enabling them to explore the Solana ecosystem with greater freedom and simplicity.
Additionally, gas abstraction will make it possible for applications to cover the costs of network transaction fees on behalf of their users. This feature eliminates a massive friction point that hampers adoption and helps new users join the onchain economy.
Commentators on social media have lauded the move as a bold step forward for crypto onboarding.
4 months ago
Solana DePins Rally Over 30% While TradFi Platforms Suffer Outages - A Sign of the Future
DePin tokens like SHDW, RENDER, and HONEY bounced hard after chaotic market dynamics sent crypto prices tumbling.
Solana DePINs (Decentralized Physical Infrastructure Networks) once again proved their worth. Showing resilience in the face of bearish market forces, DePIN tokens have enjoyed a powerful resurgence from local bottoms, indicating strong demand.
Moreover, infrastructure outages across the world of traditional finance lend further credibility to DePINs and other decentralized services.
DePin tokens like SHDW, RENDER, and HONEY bounced hard after chaotic market dynamics sent crypto prices tumbling.
Solana DePINs (Decentralized Physical Infrastructure Networks) once again proved their worth. Showing resilience in the face of bearish market forces, DePIN tokens have enjoyed a powerful resurgence from local bottoms, indicating strong demand.
Moreover, infrastructure outages across the world of traditional finance lend further credibility to DePINs and other decentralized services.
4 months ago
Solana-based makenowmeme introduces a feature enabling users to launch a meme coin directly from a tweet on X
HOW TO MAKE A MEME COIN TOKEN ON X
Tweet using this format:
1) tweet beginning with a $ sign and ticker name
2) next, write the description of the coin
3) after the description, tag makenowmeme at the end of your tweet
4) attach any image or video
example: $COIN this is my description makenowmeme
HOW TO MAKE A MEME COIN TOKEN ON X
Tweet using this format:
1) tweet beginning with a $ sign and ticker name
2) next, write the description of the coin
3) after the description, tag makenowmeme at the end of your tweet
4) attach any image or video
example: $COIN this is my description makenowmeme
4 months ago
Dialect introduces solana Blinks Mobile SDK, enabling developers to integrate seamless blockchain interactions through URLs in Mobile Apps like 𝕏 and more.
4 months ago
July 19th’s devastating IT outage left hundreds of businesses across the world scrambling to provide basic services. A software bug that was prematurely pushed to production wrought havoc across the globe, temporarily shutting down banks, airlines, and essential services.
Cryptocurrency may not have been a solution to this particular problem, but the event still exposed the vulnerabilities and flaws of our reliance on centralized infrastructure.
What makes DePINs more resilient than centralized alternatives and why is Solana so well-equipped to support decentralized infrastructure?
SECURITY THROUGH DECENTRALIZATION
One of the fundamental staples of the cryptocurrency industry, decentralization is key to avoiding singular points of failure. Drawing resources and infrastructure from distributed sources makes any entity vastly more robust.
Despite detractors arguing that the network is dangerously centralized, Solana has proven its critics wrong, establishing itself as one of the industry’s most decentralized blockchains. A common and admittedly simplified measure of network decentralization, Solana boasts a Nakamoto Coefficient that surpasses the bulk of its rivals.
However, where Solana gains its edge is through the development of alternative validator clients. Barring Ethereum, most Layer One blockchains rely on one sole validator client. Ironically, if a software bug was pushed to production, as was the case with the CrowdStrike outage, these blockchains could also fall victim to a complete network outage.
On the other hand, Solana is on track to eliminate this vulnerability. The network currently hosts two independent validator clients. Solana’s network resilience will go to new heights with the deployment of Jump Crypto’s Firedancer client, which completely rewrites the network into a different programming language from scratch, eliminating the risk of one bug affecting various clients.
Not only is Solana becoming more decentralized by the day, but the network’s thriving DePIN sector is witnessing unrivaled adoption.
SOLANA LEADS REAL WORLD DePIN ADOPTION
Crypto’s DePIN sector is vague. Despite deploying zero infrastructure and offering no proof-of-concept, hundreds of different projects are categorized as DePIN protocols by various blockchain data sites.
For example, CoinMarketCap’s DePIN category features over 140 different DePIN projects but includes Layer 1 blockchains like Internet Computer (ICP). DePinScan, a research tool operated by IoTeX, lists 262 DePin cryptocurrency projects. Other resources, like EV3’s depin.ninja platform, suggests over 300 DePIN protocols are being built on Ethereum alone.
With such ambiguity surrounding what defines a DePIN network, how can we track the manner in which DePINs are actually being deployed and used?
Physical Infrastructure. Among hundreds of supposed DePIN projects, which protocols can individuals see first-hand through real-world devices or Proof-of-Concept?
According to EV3, Solana-based projects dominate their competitors in terms of active node deployments, with projects like Helium, Hivemapper, and Natix each operating hundreds of thousands of devices.
Courtesy of its unmatched scalability and performance, the Solana network is a natural choice for businesses looking to deploy DePINs. In the current blockchain landscape, no other blockchain is adequately equipped to support the data transmission of hundreds of thousands of devices without suffering debilitating latency issues and gas spikes.
Additionally, Solana benefits from the widespread use of mobile devices. Solana Saga, the network’s Web 3 phone, sold out following a collaboration with BONK and the second iteration has been preordered over 140,000 times.
With the future of the internet expected to be driven by mobile-first usage, the Solana network is ideally placed to establish itself as the leading chain for DePIN protocols.
Cryptocurrency may not have been a solution to this particular problem, but the event still exposed the vulnerabilities and flaws of our reliance on centralized infrastructure.
What makes DePINs more resilient than centralized alternatives and why is Solana so well-equipped to support decentralized infrastructure?
SECURITY THROUGH DECENTRALIZATION
One of the fundamental staples of the cryptocurrency industry, decentralization is key to avoiding singular points of failure. Drawing resources and infrastructure from distributed sources makes any entity vastly more robust.
Despite detractors arguing that the network is dangerously centralized, Solana has proven its critics wrong, establishing itself as one of the industry’s most decentralized blockchains. A common and admittedly simplified measure of network decentralization, Solana boasts a Nakamoto Coefficient that surpasses the bulk of its rivals.
However, where Solana gains its edge is through the development of alternative validator clients. Barring Ethereum, most Layer One blockchains rely on one sole validator client. Ironically, if a software bug was pushed to production, as was the case with the CrowdStrike outage, these blockchains could also fall victim to a complete network outage.
On the other hand, Solana is on track to eliminate this vulnerability. The network currently hosts two independent validator clients. Solana’s network resilience will go to new heights with the deployment of Jump Crypto’s Firedancer client, which completely rewrites the network into a different programming language from scratch, eliminating the risk of one bug affecting various clients.
Not only is Solana becoming more decentralized by the day, but the network’s thriving DePIN sector is witnessing unrivaled adoption.
SOLANA LEADS REAL WORLD DePIN ADOPTION
Crypto’s DePIN sector is vague. Despite deploying zero infrastructure and offering no proof-of-concept, hundreds of different projects are categorized as DePIN protocols by various blockchain data sites.
For example, CoinMarketCap’s DePIN category features over 140 different DePIN projects but includes Layer 1 blockchains like Internet Computer (ICP). DePinScan, a research tool operated by IoTeX, lists 262 DePin cryptocurrency projects. Other resources, like EV3’s depin.ninja platform, suggests over 300 DePIN protocols are being built on Ethereum alone.
With such ambiguity surrounding what defines a DePIN network, how can we track the manner in which DePINs are actually being deployed and used?
Physical Infrastructure. Among hundreds of supposed DePIN projects, which protocols can individuals see first-hand through real-world devices or Proof-of-Concept?
According to EV3, Solana-based projects dominate their competitors in terms of active node deployments, with projects like Helium, Hivemapper, and Natix each operating hundreds of thousands of devices.
Courtesy of its unmatched scalability and performance, the Solana network is a natural choice for businesses looking to deploy DePINs. In the current blockchain landscape, no other blockchain is adequately equipped to support the data transmission of hundreds of thousands of devices without suffering debilitating latency issues and gas spikes.
Additionally, Solana benefits from the widespread use of mobile devices. Solana Saga, the network’s Web 3 phone, sold out following a collaboration with BONK and the second iteration has been preordered over 140,000 times.
With the future of the internet expected to be driven by mobile-first usage, the Solana network is ideally placed to establish itself as the leading chain for DePIN protocols.
4 months ago
Breaking new all-time highs in TVL every month this year, Solana LSTs (Liquid Staking Tokens) have established themselves as one of the fundamental pillars of the ecosystem.
Yet, despite its growing popularity and the wealth of benefits, only 6.4% of all staked SOL is liquid staked, suggesting plenty of Solana users still have some lingering questions about LSTs.
What is liquid staking on Solana? How do Solana LSTs work and why should Solana users consider leveraging LSTs to optimize their DeFi strategies?
With one of Solana's longest-standing protocols launching liquid staking services, there's never been a better time to refresh your knowledge.
What is Liquid Staking MEV?
MEV, or Maximum Extractable Value, is an umbrella term that covers a range of profit-generation strategies and arbitrage opportunities that occur within block production.
For example, by rearranging the order of transactions within a processing queue, MEV tools can profit from mismatched prices in liquidity pools across different DEXes. Some Liquid Staking providers, like Jito, eliminate MEV spam transactions and pass these rewards on to stakers, effectively boosting their staking rewards.
To date, Jito has captured over 31,000 SOL in MEV fees, sharing a percentage of these fees with over 100,000 active accounts who liquid stake their SOL tokens through the Jito protocol.
What are the Benefits of Liquid Staking?
Liquid staking has become a key component of Solana’s DeFi landscape, and for good reason. Here’s why:
1. Earn staking rewards without locking SOL - Solana LSTs make it possible to continue earning generous staking rewards, without losing immediate access to your staked assets.
2. Expanded liquidity and DeFi strategies - Users can leverage their LSTs to capitalize on DeFi yield generation strategies, while still earning staking rewards.
3. Contribute to Solana’s security and decentralization - By liquid staking SOL tokens, users help to further decentralize and secure the Solana network by delegating SOL across a variety of validators.
What are the risks of liquid Staking?
While there are plenty of reasons to use liquid staking on Solana, it’s not without its flaws. Some of the risks associated with Solana LSTs include:
Smart contract risk - LST protocols rely on smart contracts to operate. If any of these contracts is exploited by a malicious actor, stakers could be a
risk of losing their funds.
LST price depeg - Despite typically maintaining their pegged value, LST tokens on other blockchains have fallen victim to temporary price depegs in the past. This could be problematic during black swan events or periods of market turmoil.
Where Can I Liquid Stake my SOL Tokens?
Now that you’ve got a better understanding of how liquid staking on Solana works, let’s recap some of the most reliable and trustworthy liquid staking providers in the market
ANNOUNCING STEPSOL - POWERED BY STEP FINANCE & SANCTUM
STEPSOL
Entering Solana's flourishing LST landscape for the first time, Step Finance is one of the oldest Solana applications in the ecosystem. Doubling as an intuitive portfolio dashboard and a comprehensive DeFi and NFT analytics platform, Step recently expanded its extensive product offering to include its LST, stepSOL.
On top of earning generous APY, stepSOL holders are also eligible to earn additional STEP Reward Options, which are claimable every five days via the Step Finance dashboard. Stakers who've already delegated their SOL to the Step Validator can head to Sanctum's Stake Accounts page and convert their stake account to stepSOL.
What's more, Step Finance has partnered with Meteora and will be offering incentivized rewards through the following pools:
•STEP/stepSOL
•xSTEP/stepSOL
•stepSOL/edgeSOL
Yet, despite its growing popularity and the wealth of benefits, only 6.4% of all staked SOL is liquid staked, suggesting plenty of Solana users still have some lingering questions about LSTs.
What is liquid staking on Solana? How do Solana LSTs work and why should Solana users consider leveraging LSTs to optimize their DeFi strategies?
With one of Solana's longest-standing protocols launching liquid staking services, there's never been a better time to refresh your knowledge.
What is Liquid Staking MEV?
MEV, or Maximum Extractable Value, is an umbrella term that covers a range of profit-generation strategies and arbitrage opportunities that occur within block production.
For example, by rearranging the order of transactions within a processing queue, MEV tools can profit from mismatched prices in liquidity pools across different DEXes. Some Liquid Staking providers, like Jito, eliminate MEV spam transactions and pass these rewards on to stakers, effectively boosting their staking rewards.
To date, Jito has captured over 31,000 SOL in MEV fees, sharing a percentage of these fees with over 100,000 active accounts who liquid stake their SOL tokens through the Jito protocol.
What are the Benefits of Liquid Staking?
Liquid staking has become a key component of Solana’s DeFi landscape, and for good reason. Here’s why:
1. Earn staking rewards without locking SOL - Solana LSTs make it possible to continue earning generous staking rewards, without losing immediate access to your staked assets.
2. Expanded liquidity and DeFi strategies - Users can leverage their LSTs to capitalize on DeFi yield generation strategies, while still earning staking rewards.
3. Contribute to Solana’s security and decentralization - By liquid staking SOL tokens, users help to further decentralize and secure the Solana network by delegating SOL across a variety of validators.
What are the risks of liquid Staking?
While there are plenty of reasons to use liquid staking on Solana, it’s not without its flaws. Some of the risks associated with Solana LSTs include:
Smart contract risk - LST protocols rely on smart contracts to operate. If any of these contracts is exploited by a malicious actor, stakers could be a
risk of losing their funds.
LST price depeg - Despite typically maintaining their pegged value, LST tokens on other blockchains have fallen victim to temporary price depegs in the past. This could be problematic during black swan events or periods of market turmoil.
Where Can I Liquid Stake my SOL Tokens?
Now that you’ve got a better understanding of how liquid staking on Solana works, let’s recap some of the most reliable and trustworthy liquid staking providers in the market
ANNOUNCING STEPSOL - POWERED BY STEP FINANCE & SANCTUM
STEPSOL
Entering Solana's flourishing LST landscape for the first time, Step Finance is one of the oldest Solana applications in the ecosystem. Doubling as an intuitive portfolio dashboard and a comprehensive DeFi and NFT analytics platform, Step recently expanded its extensive product offering to include its LST, stepSOL.
On top of earning generous APY, stepSOL holders are also eligible to earn additional STEP Reward Options, which are claimable every five days via the Step Finance dashboard. Stakers who've already delegated their SOL to the Step Validator can head to Sanctum's Stake Accounts page and convert their stake account to stepSOL.
What's more, Step Finance has partnered with Meteora and will be offering incentivized rewards through the following pools:
•STEP/stepSOL
•xSTEP/stepSOL
•stepSOL/edgeSOL
4 months ago
Throughout 2024, meme coin markets have been one of the largest sources of trading volume and liquidity on the Solana network. However, the rise of shorting platforms might be about to reinvent meme coin trading strategies across the market.
MarginFi and Save (formerly Solend) have both announced the launch of meme coin shorting protocols, enabling traders to profit from the brutal dumps that often plague the meme coin economy.
With several protocols rushing to be first to market, when can we expect these protocols to launch fully functional apps to the public?
MarginFi and Save (formerly Solend) have both announced the launch of meme coin shorting protocols, enabling traders to profit from the brutal dumps that often plague the meme coin economy.
With several protocols rushing to be first to market, when can we expect these protocols to launch fully functional apps to the public?
5 months ago
Introducing BullPay!
👉 BullPay will be the first platform on the Solana blockchain that will allow users to buy or sell literally anything using Solana tokens.
👉 BullPay integrates easily into any platform, making it a gateway solution for token projects, traditional marketplaces, and individual sellers that wish to expand to crypto payments.
The BullPad and BullPay will be integrated into BullVerse, enabling quick access directly from the social platform and apps.
ETA: End of July - Early August
👉 BullPay will be the first platform on the Solana blockchain that will allow users to buy or sell literally anything using Solana tokens.
👉 BullPay integrates easily into any platform, making it a gateway solution for token projects, traditional marketplaces, and individual sellers that wish to expand to crypto payments.
The BullPad and BullPay will be integrated into BullVerse, enabling quick access directly from the social platform and apps.
ETA: End of July - Early August
5 months ago
👉 Mircea Popescu, the man who held 1 million Bitcoin, found dead in Costa Rica.
On June 23, 2021, Mircea Popescu, a 41-year-old Romanian and Bitcoin maximalist, was found drowned off the coast of Costa Rica.
The man who claimed to hold 1 million Bitcoin is dead and his death raised many questions... What if it wasn't a drowning?!
The man who challenges institutions.
In 2012, Popescu created MPEx, a Bitcoin securities exchange.
The platform is very successful and quickly becomes a hub for the first Bitcoin IPOs.
Popescu gained a reputation as an early and vocal opponent of cryptocurrency scams.
He was quickly in the sights of the SEC, which accused him of providing tools to scammers via his Mpex platform.
Indeed, one of the most popular gambling sites of the time, Satoshi DICE, is registered on its platform.
But Popescu was known for mocking the SEC, all of whose correspondence he posted on his blog.
A holder too dangerous for Bitcoin?
“I like Bitcoin because I like freedom. It’s that simple,” Popescu said.
One of the theories about his death arises from the fact that Mircea held 1 million BTC.
Technically, if Popescu sells his 1 million Bitcoin, the price of BTC will drop drastically!
So in the minds of some, this power must be taken away from him, and if we cannot obtain what he has, then we must prevent him from having access to it...
On June 23, 2021, Mircea Popescu, a 41-year-old Romanian and Bitcoin maximalist, was found drowned off the coast of Costa Rica.
The man who claimed to hold 1 million Bitcoin is dead and his death raised many questions... What if it wasn't a drowning?!
The man who challenges institutions.
In 2012, Popescu created MPEx, a Bitcoin securities exchange.
The platform is very successful and quickly becomes a hub for the first Bitcoin IPOs.
Popescu gained a reputation as an early and vocal opponent of cryptocurrency scams.
He was quickly in the sights of the SEC, which accused him of providing tools to scammers via his Mpex platform.
Indeed, one of the most popular gambling sites of the time, Satoshi DICE, is registered on its platform.
But Popescu was known for mocking the SEC, all of whose correspondence he posted on his blog.
A holder too dangerous for Bitcoin?
“I like Bitcoin because I like freedom. It’s that simple,” Popescu said.
One of the theories about his death arises from the fact that Mircea held 1 million BTC.
Technically, if Popescu sells his 1 million Bitcoin, the price of BTC will drop drastically!
So in the minds of some, this power must be taken away from him, and if we cannot obtain what he has, then we must prevent him from having access to it...
5 months ago
IP remains stuck in an outdated legal system that makes it difficult to license, monetize, & trade effectively
That's where StoryProtocol comes in -- a new blockchain that aims to transform IP into liquid, programmable, & ownable digital assets
A 101 Explainer👇
What is Story Network?
Story Network was created specifically for bringing IP onchain, making it easier to manage and monetize.
On Story Network, IP is represented as onchain assets called IP Assets, which are NFTs. These NFTs carry detailed metadata about the underlying IP and serve as its digital representations. They can be linked to existing NFTs, e.g. a CryptoPunk, or be issued to represent offchain items.
Each IP Asset is linked to an IP Account, a specialized smart contract that manages interactions and data related to the IP.
Also at the heart of Story Network is its Proof-of-Creativity (PoC) Protocol, which facilitates the creation and management of IP Assets, enabling use cases like permissionless licensing and automated royalty payments.
Another key pillar here is the Programmable IP License (PIL), a legal framework that bridges the onchain world with traditional legal systems, ensuring that the digital representation of IP on Story Network is enforceable in the real world.
How is Story Network designed?
Story Network is a Layer 1 (L1) blockchain optimized for handling complex IP data structures efficiently that leans on elements from both the ethereum Virtual Machine (EVM) and the cosmos
SDK.
Notably, Story Network is EVM-equivalent, meaning it supports the same code execution environment as Ethereum. This compatibility allows developers to port existing applications and smart contracts written in Ethereum's popular Solidity programming language to Story Network with minimal or no changes.
Why tokenize IP on Story Network?
Tokenizing IP on Story Network offers several notable benefits:
🌊 Liquidity — IP can be traded or used as collateral, creating new financial opportunities.
🧱 Programmability — Automated actions like royalty payments can be embedded within IP NFTs, simplifying management.
🔍 Transparency — The underlying blockchain provides a clear and immutable record of IP ownership and transactions.
These are compelling pillars for content creators, but what will the actual use cases look like?
For instance, artists, musicians, writers, and beyond can register their IP as NFTs on Story Network, set licensing terms, and automate royalty payments. This makes it easier to control and monetize their work.
For developers, they can build applications that leverage tokenized IP. Think things like AI model marketplaces, content remixing platforms, and DeFi apps that use IP NFTs as collateral.
Two of the earliest app examples in the Story ecosystem are Magma and Mahojin. The former is a collaborative design tool that uses Story Network to manage and monetize creative works via NFTs, while the latter is a platform for AI training data and models.
Zooming out
How might making IP programmable and liquid influence the interaction between creators and consumers? Will tokenizing and trading IP democratize access to creative works? And how effectively can the PIL system adapt to diverse global legal landscapes, especially as AI-generated content becomes more prevalent?
The answers to these questions remain to be seen, but Story Network is diving in here in unprecedented fashion and looking to revolutionize the future of digital IP through the cryptoeconomy. As the chain evolves and gains traction, its bull case is its potential to redefine IP management to be better in line with the content challenges of the 21st century.
Can Story win out, then? We'll see, but this innovative reach into a new terrain is exciting nonetheless!
By WPeaster
That's where StoryProtocol comes in -- a new blockchain that aims to transform IP into liquid, programmable, & ownable digital assets
A 101 Explainer👇
What is Story Network?
Story Network was created specifically for bringing IP onchain, making it easier to manage and monetize.
On Story Network, IP is represented as onchain assets called IP Assets, which are NFTs. These NFTs carry detailed metadata about the underlying IP and serve as its digital representations. They can be linked to existing NFTs, e.g. a CryptoPunk, or be issued to represent offchain items.
Each IP Asset is linked to an IP Account, a specialized smart contract that manages interactions and data related to the IP.
Also at the heart of Story Network is its Proof-of-Creativity (PoC) Protocol, which facilitates the creation and management of IP Assets, enabling use cases like permissionless licensing and automated royalty payments.
Another key pillar here is the Programmable IP License (PIL), a legal framework that bridges the onchain world with traditional legal systems, ensuring that the digital representation of IP on Story Network is enforceable in the real world.
How is Story Network designed?
Story Network is a Layer 1 (L1) blockchain optimized for handling complex IP data structures efficiently that leans on elements from both the ethereum Virtual Machine (EVM) and the cosmos
SDK.
Notably, Story Network is EVM-equivalent, meaning it supports the same code execution environment as Ethereum. This compatibility allows developers to port existing applications and smart contracts written in Ethereum's popular Solidity programming language to Story Network with minimal or no changes.
Why tokenize IP on Story Network?
Tokenizing IP on Story Network offers several notable benefits:
🌊 Liquidity — IP can be traded or used as collateral, creating new financial opportunities.
🧱 Programmability — Automated actions like royalty payments can be embedded within IP NFTs, simplifying management.
🔍 Transparency — The underlying blockchain provides a clear and immutable record of IP ownership and transactions.
These are compelling pillars for content creators, but what will the actual use cases look like?
For instance, artists, musicians, writers, and beyond can register their IP as NFTs on Story Network, set licensing terms, and automate royalty payments. This makes it easier to control and monetize their work.
For developers, they can build applications that leverage tokenized IP. Think things like AI model marketplaces, content remixing platforms, and DeFi apps that use IP NFTs as collateral.
Two of the earliest app examples in the Story ecosystem are Magma and Mahojin. The former is a collaborative design tool that uses Story Network to manage and monetize creative works via NFTs, while the latter is a platform for AI training data and models.
Zooming out
How might making IP programmable and liquid influence the interaction between creators and consumers? Will tokenizing and trading IP democratize access to creative works? And how effectively can the PIL system adapt to diverse global legal landscapes, especially as AI-generated content becomes more prevalent?
The answers to these questions remain to be seen, but Story Network is diving in here in unprecedented fashion and looking to revolutionize the future of digital IP through the cryptoeconomy. As the chain evolves and gains traction, its bull case is its potential to redefine IP management to be better in line with the content challenges of the 21st century.
Can Story win out, then? We'll see, but this innovative reach into a new terrain is exciting nonetheless!
By WPeaster
5 months ago
Rome Network, a blockchain project focused on enhancing Layer 2 (L2) solutions, has secured $9 million in a seed funding round. Led by Hack VC, HashKey Group, and Solana co-founder Anatoly Yakovenko who also participated in the round.
This investment will propel Rome's efforts to merge the speed and decentralization of Solana with Ethereum's existing infrastructure.
Their plan is the enabling of deployment of modular
Solana services on the Ethereum network.
This investment will propel Rome's efforts to merge the speed and decentralization of Solana with Ethereum's existing infrastructure.
Their plan is the enabling of deployment of modular
Solana services on the Ethereum network.
5 months ago
Curious about Maestro’s bridge feature? Our friends at HoudiniSwap just made a video for us!
Follow along and learn exactly how you can bridge directly in the Maestro bot.
And a big shoutout to Houdini for cracking the code on cross chain complexity, enabling Any Token 🔄 Any Chain Transfers. All in one click.
We couldn't have asked for better partners.
Stay tuned for more videos!
Follow along and learn exactly how you can bridge directly in the Maestro bot.
And a big shoutout to Houdini for cracking the code on cross chain complexity, enabling Any Token 🔄 Any Chain Transfers. All in one click.
We couldn't have asked for better partners.
Stay tuned for more videos!
5 months ago
What's the Deal with MegaETH? 🤔
The upcoming Vitalik-backed L2 wants to be the 'real-time Ethereum'
What's its plan? Find out 👇
MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per seco nd (TPS), just announced that it has received $20M in seed funding at a $100M + valuation!
The big names involved have attracted some major attention to the upstart chain.
Today, we’re discussing how MegaETH is innovating on contemporary Ethereum Virtual Machine (EVM) blockchain implementations to provide industry-leading performance capabilities and decentralization guarantees.
⭐️ What Makes MegaETH Special
High-performance alt L1s require their nodes to perform identical tasks without specialization, imposing a fundamental tradeoff between performance and decentralization. In comparison, MegaETH takes advantage of Ethereum’s L2s technology to create differentiated roles for nodes with varying hardware requirements.
MegaETH decouples the task of transaction processing from full nodes and creates three major roles for infrastructure operators: sequencers, provers, and full nodes. Although actual block production becomes increasingly centralized with MegaETH, flexible hardware requirements from node specialization ensures trustless block validation and could provide industry-leading decentralization guarantees.
A single active MegaETH sequencer will be responsible for ordering and executing user transactions, eliminating the consensus process during normal operations, and will pass state differences (i.e.; changes to the blockchain’s state) to full nodes via a peer-to-peer network, who then apply the state diffs to update their local state. Notably, MegaETH transactions are not re-executed by full nodes to verify block integrity; they instead validate blocks indirectly using proofs provided by the prover.
While blockchains have frequently turned to one-off solutions like parallelization in their pursuit of scale, enabling transactions touching different parts of state to be processed simultaneously on multiple CPU cores, the benefits of this specific approach are limited by the fact that many transactions contain dependencies, resulting in only modest boosts from parallelization for blockchain speed.
Such ambitions necessitate scaling node hardware to its limits while preserving decentralization (achieved through specialization) and require the creation of a system innately designed to approach the theoretical upper performance limit for a decentralized blockchain.
To this end, the MegaETH sequencer will store the entirety of its state in-memory and be the first blockchain to implement in-memory compute, a critical feature for high-performance Web2 applications that should enable MegaETH to accelerate state access by 1,000x compared to alternative solid state drive storage methods utilized by competitors.
🧐 Closing Thoughts
The significant performance improvements targeted by MegaETH over contemporary EVM implementations should provide a major boost to L2 performance and could finally produce a decentralized blockchain capable of handling real-world adoption!
Although some contend that MegaETH is best suited as a competitor against an Ethereum ecosystem largely uninterested in scaling its base layer, the optimizations achieved by MegaETH are made possible solely through its ability to outsource security and censorship resistance to existing decentralized networks, like Ethereum and EigenLayer.
Written by JackInabinet
The upcoming Vitalik-backed L2 wants to be the 'real-time Ethereum'
What's its plan? Find out 👇
MegaETH, an upcoming L2 branded as the “real-time Ethereum” boasting sub-millisecond latency and capable of processing over 100k transactions per seco nd (TPS), just announced that it has received $20M in seed funding at a $100M + valuation!
The big names involved have attracted some major attention to the upstart chain.
Today, we’re discussing how MegaETH is innovating on contemporary Ethereum Virtual Machine (EVM) blockchain implementations to provide industry-leading performance capabilities and decentralization guarantees.
⭐️ What Makes MegaETH Special
High-performance alt L1s require their nodes to perform identical tasks without specialization, imposing a fundamental tradeoff between performance and decentralization. In comparison, MegaETH takes advantage of Ethereum’s L2s technology to create differentiated roles for nodes with varying hardware requirements.
MegaETH decouples the task of transaction processing from full nodes and creates three major roles for infrastructure operators: sequencers, provers, and full nodes. Although actual block production becomes increasingly centralized with MegaETH, flexible hardware requirements from node specialization ensures trustless block validation and could provide industry-leading decentralization guarantees.
A single active MegaETH sequencer will be responsible for ordering and executing user transactions, eliminating the consensus process during normal operations, and will pass state differences (i.e.; changes to the blockchain’s state) to full nodes via a peer-to-peer network, who then apply the state diffs to update their local state. Notably, MegaETH transactions are not re-executed by full nodes to verify block integrity; they instead validate blocks indirectly using proofs provided by the prover.
While blockchains have frequently turned to one-off solutions like parallelization in their pursuit of scale, enabling transactions touching different parts of state to be processed simultaneously on multiple CPU cores, the benefits of this specific approach are limited by the fact that many transactions contain dependencies, resulting in only modest boosts from parallelization for blockchain speed.
Such ambitions necessitate scaling node hardware to its limits while preserving decentralization (achieved through specialization) and require the creation of a system innately designed to approach the theoretical upper performance limit for a decentralized blockchain.
To this end, the MegaETH sequencer will store the entirety of its state in-memory and be the first blockchain to implement in-memory compute, a critical feature for high-performance Web2 applications that should enable MegaETH to accelerate state access by 1,000x compared to alternative solid state drive storage methods utilized by competitors.
🧐 Closing Thoughts
The significant performance improvements targeted by MegaETH over contemporary EVM implementations should provide a major boost to L2 performance and could finally produce a decentralized blockchain capable of handling real-world adoption!
Although some contend that MegaETH is best suited as a competitor against an Ethereum ecosystem largely uninterested in scaling its base layer, the optimizations achieved by MegaETH are made possible solely through its ability to outsource security and censorship resistance to existing decentralized networks, like Ethereum and EigenLayer.
Written by JackInabinet
5 months ago
🔍 The GambleFi, trend or bullshit?
The online gambling market
The global online gambling market is experiencing phenomenal growth. Estimated at $63 .5 billion in 2022, it is expected to reach the impressive figure of $153 .6 billion by 2030, with an annual growth rate of 11.7% (Grand View Research, 2023). This trend is reflected in Statista's projections, which forecast an increase to $131 .91 billion in 2027, an annual growth of 8.54%.
The geographical distribution of these incomes is just as interesting. The United Kingdom dominates the market with $12 .48 billion in revenue in 2021, closely followed by the United States ($10.96 billion) and Australia ($6.55 billion). In Europe, France is positioned as the 5th largest player, generating $3 .83 billion in revenue in 2021, behind Italy (4.51 billion) but ahead of Germany ($3.65 billion).
It is in this flourishing context that GambleFi, or "Gambling Decentralized Finance", has emerged since 2021. This new trend promises to revolutionize the gambling industry by injecting the power and transparency of the blockchain. No more opaque casinos and centralized betting platforms. Make way for a new era where every bet, every gain, and every transaction are verifiable on the blockchain.
The figures speak for themselves: according to Softswiss, crypto betting jumped by 21.1% in 2023, with an impressive 50.5% increase in the number of transactions. This growth is part of a broader trend of the adoption of cryptos in gambling.
The online gambling market
The global online gambling market is experiencing phenomenal growth. Estimated at $63 .5 billion in 2022, it is expected to reach the impressive figure of $153 .6 billion by 2030, with an annual growth rate of 11.7% (Grand View Research, 2023). This trend is reflected in Statista's projections, which forecast an increase to $131 .91 billion in 2027, an annual growth of 8.54%.
The geographical distribution of these incomes is just as interesting. The United Kingdom dominates the market with $12 .48 billion in revenue in 2021, closely followed by the United States ($10.96 billion) and Australia ($6.55 billion). In Europe, France is positioned as the 5th largest player, generating $3 .83 billion in revenue in 2021, behind Italy (4.51 billion) but ahead of Germany ($3.65 billion).
It is in this flourishing context that GambleFi, or "Gambling Decentralized Finance", has emerged since 2021. This new trend promises to revolutionize the gambling industry by injecting the power and transparency of the blockchain. No more opaque casinos and centralized betting platforms. Make way for a new era where every bet, every gain, and every transaction are verifiable on the blockchain.
The figures speak for themselves: according to Softswiss, crypto betting jumped by 21.1% in 2023, with an impressive 50.5% increase in the number of transactions. This growth is part of a broader trend of the adoption of cryptos in gambling.
5 months ago
ROLLBIT
Rollbit is a gambling and trading platform based on the Ethereum blockchain, launched in 2020. It quickly established itself as the undisputed leader of GambleFi with more than one million registered users.
How does Rollbit work?
At the heart of Rollbit is a diverse and interconnected ecosystem, offering a complete gaming and trading experience. The platform is structured around four main pillars (casino, sports betting, NFT and crypto trading) all linked by the native RLB token.
The token serves as both a means of payment and as a reward. Rollbit has set up a unique progressive rewards system, where RLB holders benefit from increasing advantages: rakeback on betting, access to exclusive lotteries and discounts on trading fees.
Rollbit also launched an innovative "Buyback and Burn" program in August 2023. Every hour, part of the platform's revenue is used to buy back and destroy 90% of the RLB tokens purchased, creating deflationary pressure. The remaining 10% are redistributed to Rollbot NFT holders who stake them.
Rollbit thus positions itself as a leader in the GambleFi sector, merging gaming, trading and blockchain technology into a complete user experience.
Rollbit is a gambling and trading platform based on the Ethereum blockchain, launched in 2020. It quickly established itself as the undisputed leader of GambleFi with more than one million registered users.
How does Rollbit work?
At the heart of Rollbit is a diverse and interconnected ecosystem, offering a complete gaming and trading experience. The platform is structured around four main pillars (casino, sports betting, NFT and crypto trading) all linked by the native RLB token.
The token serves as both a means of payment and as a reward. Rollbit has set up a unique progressive rewards system, where RLB holders benefit from increasing advantages: rakeback on betting, access to exclusive lotteries and discounts on trading fees.
Rollbit also launched an innovative "Buyback and Burn" program in August 2023. Every hour, part of the platform's revenue is used to buy back and destroy 90% of the RLB tokens purchased, creating deflationary pressure. The remaining 10% are redistributed to Rollbot NFT holders who stake them.
Rollbit thus positions itself as a leader in the GambleFi sector, merging gaming, trading and blockchain technology into a complete user experience.
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15 days ago
Kitten Haimer
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