This weekly recap on Solana Eco is for informational purposes, not investment advice. Take a look at some of the updates from the last week with News Coincu.
Daily transactions on Solana Blockchain at the current level of 13.02 million transactions as of June 19th, 2022(Up+100% ). Strong increase since last week. Reached a peak of 13.02 million on June 19th, 2022, and a low of 10.36 million on June 13th, 2022.
Daily Active Wallets
Solana’s Daily Active Wallets remained stable from June 13, 2022 to June 18, 2022. Then suddenly dropped sharply from 1012.46K to 710.18K. Lowest on June 19th, 2022, with 679.42K Active Wallets, highest on June 18th, 2022, with 1012.46K Active Wallets. This index is lower than last week.
Total Value Locked
Total Value Locked Solana slight decrease since last week, from $2.99B to $2.55B. In general, in the last three consecutive weeks, TVL Solana dropped very abruptly. Almost no new money flows into the Solana ecosystem.
Solend Announced that the governance proposal SLND1 has passed
Solana’s Solend lending platform is having a “headache” with a “huge” loan order of up to $108 million USDC/USDT and collateral with 5.7 million SOL, worth about $176.6 million at the time of execution articles (cost SOL $31.65).
Wallet address 3oSE9CtGMQeAdtkm2U3ENhEpkFMfvrckJMA8QwVsuRbE is Solend’s largest borrower, accounting for 25% of the project’s TVL, 95% of SOL deposited into the platform and 88% of USDC borrowed – showing the importance of this whale and the risk risks posed in the event of liquidation. Read more
Genopets announced their KI partner with Strata Protocol
KI Token is the in-game utility token on the Genopets platform. The team has decided to partner with Strata to use a Dynamic Pricing Protocol, which will enable all community members to participate in determining the fair market price of the token.
The sale of the KI Token will be like a dutch auction where the price starts at a high $0.50 and steadily reduce over three days. When more buyers purchase KI, the price will increase and when fewer people buy, the price will reduce. Read more
Arb Protocol Announced that $ARB Token is now in launch phase
$ARB is a decentralized arbitrage protocol.
It is designed to conduct arbitrage and capture profits across the Solana ecosystem to buyback and distribute ARB, the protocols native token, which is then redistributed to ARB stakers. This creates buying pressure while generating yield! Read more
Binanec staking launched new locked staking for $ADA, $AVAX, $DOT, $QTUM, and $SOL Staking with up to 36.79% APY
Binance Staking is excited to launch a new series of Locked Staking activities in June! Stake your ADA, AVAX, DOT, QTUM, and SOL starting from 2022-06-20 12:00 PM (UTC) to earn up to 36.79% APY*.
- Locked Staking Format: First-come, first-served basis.
- Reward Calculation Period: From 00:00 AM (UTC) on the day after you add your cryptocurrency to a staking pool, until the end of the staking period.
- Reward Payout Time: On a daily basis.
CremaFinance announced that they have raised the $5.4M in Private Round Fundraising
Crema Finance, a powerful Concentrated Liquidity Protocol built on Solana has raised $5.4M in Private Round Fundraising.This private round is led by Qiming Venture Partners, with participation from IDG Capital, Apollo Capital, Everest Ventures Group, Evernew Capital, AGE Fund, Big Brain Holdings, LongLing Capital, Summer Capital, Mentha Partners, FineWill Capital, Zonff Partners, Cipholio Ventures, etc. Read more
The above are some significant new developments in the Solana ecosystem that occurred in the past week. There are still worthwhile initiatives in the works, but there haven’t been many substantial changes. Keep a look out for the announcement next week.
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