5 months ago
Friends, I'm fine! Thank you for your kind words of encouragement! I love you all!
5 months ago
New Listing on BullPay.fun!
Get a dedicated 15-minute video on the Crypto Patrick YouTube Channel!
Listing link: bullpay.fun/c/deRndQxtal8u
Cost: USD 350
Crypto Patrick YouTube Channel
BullPay is a marketplace on BullVerse where you can:
- Create payment links
- Sell anything: services, digital products, content, and more
- Get paid with any token on Solana
Soft launch on Monday!
Are you a Solana project?
List your token on BullPay!
Get in touch with @bullpay .
Get a dedicated 15-minute video on the Crypto Patrick YouTube Channel!
Listing link: bullpay.fun/c/deRndQxtal8u
Cost: USD 350
Crypto Patrick YouTube Channel
BullPay is a marketplace on BullVerse where you can:
- Create payment links
- Sell anything: services, digital products, content, and more
- Get paid with any token on Solana
Soft launch on Monday!
Are you a Solana project?
List your token on BullPay!
Get in touch with @bullpay .
5 months ago
Solana’s vast staking ecosystem continues to offer a generous bounty of rewards and utilities. The network’s burgeoning DeFi activity has amplified blockchain revenue, flipping Ethereum in yet another key metric.
Meanwhile, the consistent growth of Solana LSTs (Liquid Staking Token) appears to be plateauing, with net LST flows turning negative on weekly and monthly timeframes.
SOLANA FLIPS ETHEREUM ON REVENUE GENERATION
Off the back of a massive month of DeFi trading activity, Solana’s network revenue has surpassed Ethereum’s on a daily timeframe.
According to Artemis data, Solana has slowly closed the gap on Ethereum in terms of revenue generation before finally surging past its biggest rival. On July 28th, the Solana network generated over $1 .2M in revenue, lending credibility to the network’s economic model.
This is good news for Solana validator operators and stakers. Not only does surging revenue translate to greater earnings for stakers, Solana’s increasing transaction counts also burn SOL tokens. Burning 50% of every transaction fee, this mechanism helps to counter SOL issuance and inflation, building a more sustainable token economy.
SOL TOKEN BURNS
Based on the last seven days of Dune Analytics data, the Solana token burn mechanism has burnt 38,145 SOL, currently valued at over $6 .92M. Despite burning over 5,000 SOL per day, the Solana network still issues just over 160,000 SOL through validator rewards.
LIQUID STAKING FLOUNDERS
Solana’s thriving liquid staking economy has enjoyed immense growth throughout the year. However, the TVL (Total Value Locked) of liquid-staked SOL has dropped over the last 30 days, signaling that interest in LST assets has plateaued.
According to Dune Analytics data, the total number of SOL staked through LSTs reduced by over 128k in the last 30 days, with 42.41% (45,411 SOL) of that figure being withdrawn in the last 7 days.
This decrease is likely due to the withdrawal of capital from Sanctum’s popular LST ecosystem, which attracted over $1B in TVL from depositors in anticipation of Sanctum’s initial CLOUD airdrop.
In a bid to attract more liquid stakers to their validator, Jupiter implemented a dramatic change in their fee structure. On July 22nd, Jupiter announced that 80% of block rewards would go to jupSOL, increased from 50%.
Meanwhile, Step Finance launched another addition to its growing ecosystem. In collaboration with Sanctum, Step Finance unveiled its proprietary LST, stepSOL, which provides holders with STEP reward options on top of all the existing benefits of liquid-staked assets.
THE RETURN OF NATIVE STAKING??
With attention shifting away from LSTs, this may be an excellent opportunity for the Solana community to explore native staking. While not offering the flexibility of liquid staking, native staking provides greater security and peace of mind for SOL stakers.
One of the longest-serving DeFi protocols in the ecosystem, Marinade Finance offers one of Solana’s most powerful staking services. Optimized to provide stakers with the best possible staking rewards across an aggregated pool of leading validators, Marinade offers Solana’s only automated non-custodial staking tool.
What’s more, novel features like Marinade’s Stake Auction Marketplace and Protected Staking Rewards ensure users maximum rewards, while benefitting from the inherent security of native staking.
At press time, Marinade Finance is Solana’s most popular staking provider, attracting over 147k unique accounts. Offering comprehensive support for Solana staking, Marinade has attracted over $1 .4B in TVL, with 32.15% of this figure directed to native staking according to Dune Analytics.
Between Solana’s explosive revenue generation and the vast range of staking products available in the ecosystem through projects like Marinade, there’s never been a better time to stake SOL.
Meanwhile, the consistent growth of Solana LSTs (Liquid Staking Token) appears to be plateauing, with net LST flows turning negative on weekly and monthly timeframes.
SOLANA FLIPS ETHEREUM ON REVENUE GENERATION
Off the back of a massive month of DeFi trading activity, Solana’s network revenue has surpassed Ethereum’s on a daily timeframe.
According to Artemis data, Solana has slowly closed the gap on Ethereum in terms of revenue generation before finally surging past its biggest rival. On July 28th, the Solana network generated over $1 .2M in revenue, lending credibility to the network’s economic model.
This is good news for Solana validator operators and stakers. Not only does surging revenue translate to greater earnings for stakers, Solana’s increasing transaction counts also burn SOL tokens. Burning 50% of every transaction fee, this mechanism helps to counter SOL issuance and inflation, building a more sustainable token economy.
SOL TOKEN BURNS
Based on the last seven days of Dune Analytics data, the Solana token burn mechanism has burnt 38,145 SOL, currently valued at over $6 .92M. Despite burning over 5,000 SOL per day, the Solana network still issues just over 160,000 SOL through validator rewards.
LIQUID STAKING FLOUNDERS
Solana’s thriving liquid staking economy has enjoyed immense growth throughout the year. However, the TVL (Total Value Locked) of liquid-staked SOL has dropped over the last 30 days, signaling that interest in LST assets has plateaued.
According to Dune Analytics data, the total number of SOL staked through LSTs reduced by over 128k in the last 30 days, with 42.41% (45,411 SOL) of that figure being withdrawn in the last 7 days.
This decrease is likely due to the withdrawal of capital from Sanctum’s popular LST ecosystem, which attracted over $1B in TVL from depositors in anticipation of Sanctum’s initial CLOUD airdrop.
In a bid to attract more liquid stakers to their validator, Jupiter implemented a dramatic change in their fee structure. On July 22nd, Jupiter announced that 80% of block rewards would go to jupSOL, increased from 50%.
Meanwhile, Step Finance launched another addition to its growing ecosystem. In collaboration with Sanctum, Step Finance unveiled its proprietary LST, stepSOL, which provides holders with STEP reward options on top of all the existing benefits of liquid-staked assets.
THE RETURN OF NATIVE STAKING??
With attention shifting away from LSTs, this may be an excellent opportunity for the Solana community to explore native staking. While not offering the flexibility of liquid staking, native staking provides greater security and peace of mind for SOL stakers.
One of the longest-serving DeFi protocols in the ecosystem, Marinade Finance offers one of Solana’s most powerful staking services. Optimized to provide stakers with the best possible staking rewards across an aggregated pool of leading validators, Marinade offers Solana’s only automated non-custodial staking tool.
What’s more, novel features like Marinade’s Stake Auction Marketplace and Protected Staking Rewards ensure users maximum rewards, while benefitting from the inherent security of native staking.
At press time, Marinade Finance is Solana’s most popular staking provider, attracting over 147k unique accounts. Offering comprehensive support for Solana staking, Marinade has attracted over $1 .4B in TVL, with 32.15% of this figure directed to native staking according to Dune Analytics.
Between Solana’s explosive revenue generation and the vast range of staking products available in the ecosystem through projects like Marinade, there’s never been a better time to stake SOL.
5 months ago
Dialect introduces solana Blinks Mobile SDK, enabling developers to integrate seamless blockchain interactions through URLs in Mobile Apps like 𝕏 and more.
7 months ago
🚀 Do not miss the $BULLrun ! 🚀
This week on #BullVerse :
🔥 Token Fairlaunch UI Teaser
📚 Gitbook: https://bullverse.gitbook....
📈 $BULL Token is up 140%!
🍳 Dev Team is Cooking
💵 Referrals are cashing out ($3 per referral)
No one can stop what's coming next !
📊 Buy $BULL : https://dexscreener.com/so...
#bullish 🐂
This week on #BullVerse :
🔥 Token Fairlaunch UI Teaser
📚 Gitbook: https://bullverse.gitbook....
📈 $BULL Token is up 140%!
🍳 Dev Team is Cooking
💵 Referrals are cashing out ($3 per referral)
No one can stop what's coming next !
📊 Buy $BULL : https://dexscreener.com/so...
#bullish 🐂
6 months ago
🐧🚀PengyOS is a beacon for web3 memecoins, always innovating & providing updates.✨
Huge thanks to our volunteers & community! 🎉
4 months strong with incredible progress.✅
Proof of work is clear.💎
Pengy & Degens continue their mission in Africa! 🌍✨
Huge thanks to our volunteers & community! 🎉
4 months strong with incredible progress.✅
Proof of work is clear.💎
Pengy & Degens continue their mission in Africa! 🌍✨
5 months ago
In response Tyler John Wolcott to his Publication
Physical activity goes a long way, good work👏
7 months ago
In response Olowookere Faruk to his Publication
I noticed the leaderboard has changed drastically , new people without proper profiles having a ton of referrals . @topg
check into it thanks
check into it thanks
7 months ago
Trump pinned this post
