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 9.19 million transactions as of Jul 5th, 2022(Down-9.06% ), a Slight decrease since last week. Reached a peak of 20.34 million on July 9th, 2022, and a low of 6.98 million on Jul 7th, 2022.
Daily Active Wallets
Solana Daily Active Wallets decreased in recent weeks. Currently, this week remains compared to last week, from 810.63K to 804.96K. This index is slightly lower than last week.
Total Value Locked
Total Value Locked Solana maintained since last week. No decrease since the last two weeks. Solana is in fifth place. Almost no new money flows into the Solana ecosystem.
Top 10 Price Performance last 7D in Ecosystem
Nansen adds support for Solana NFTs
Solana has been one of the most requested chains and has a thriving NFT ecosystem. Our Solana NFT analytics dashboards cover over 53,000 collections, utilizing real-time, on-chain data. Data points such as minting activity for new projects, who are buying/selling, and holder activity are just some of the key features that we offer. By relying on real-time, on-chain data, we can give you the most accurate data as quickly as possible. The quality of data and breadth of coverage will enable you to discover opportunities, perform due diligence and make strategic decisions when investing in Solana-based NFT projects.
Like on Ethereum, many of the dashboards are available for FREE for our Nansen Lite subscribers. Read more
Solana Hacker House | Paris July 15-19
The Solana Foundation x Jump Hacker Houses is a five-day offline event with in-person guidance from core Solana Labs engineers and mentorship from other partners. Read more
Solana Works on Upgrades as User Growth and Adoption Increases
Three new developments are targeted at improving the Solana network’s resilience and stability.
First, QUIC is a general-purpose protocol meant to discourage and mitigate abusive behavior and is used by Chrome web browsers when connecting to Google’s servers. Solana currently uses User Datagram Protocol (UDP) which lacks flow control and receipt acknowledgment.
Second, is the introduction of Stake Weighted Quality of Service (QoS) that works with QUIC. Validators will be able to prioritize and limit the traffic for specific connections. Queuing transactions will be prioritized depending on the sender, which is weighted by the amount of $SOL staked.
Finally, the introduction of a priority fee to help the network prioritize time-sensitive transactions. This move also disincentivizes invalid or duplicated messages sent by algorithms which can become unprofitable because of the increased costs. Read more
Solana token Violates Securities Laws And “whales” Inside Manipulate Project Prices
There was a lawsuit alleging that Solana token (SOL) was unregistered security and retail investors were harmed by the “discharge” of internal Solana cases. Read more
FTX will list CRIPCO (IP3) spot market.
CRIPCO is an IP 3.0 Hub, which aims to build an NFT ecosystem where everyone can create secondary content and merchandise through NFT utilities. Also, Individuals can conveniently buy and sell NFTs on CRIPCO. CRIPCO is an NFT marketplace and a platform where individuals and companies can provide utilities for their NFTs.
- Trading starts: July 11, 2022, at 2pm (UTC)
- Trading pairs: IP3/USD
- Deposits and withdrawals will open by July 11, 2022, at 2pm (UTC)
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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