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 16.73 million transactions as of Jul 18th, 2022, a Slight increase since last week. It reached a peak of 19.58 million on July 13th, 2022, and a low of 11.9 million on Jul 15th, 2022.
Daily Active Wallets
Solana Daily Active Wallets decreased in recent weeks. Currently, this week remains the same compared to last week, from 840K to 775K. This index is slightly lower than last week.
Total Value Locked
Total Value Locked Solana a slight increase since last week with $2.78B(Up +3.21%) Solana is in fifth place. Almost no new money flows into the Solana ecosystem.
Total stablecoin supply On Solana
The total supply of stablecoins on Solana Ecosystem is currently $5.97B as of Jul 18th, 2022. In Which, USDC is the stablecoins with the largest market share with $4.12B accounting for 69.05%. Then USDT with Dominance of 30.38% with $1.81B. The rest is a small part of other algorithmic stablecoins
Rarible Protocol Integrates Solana Blockchain
Rarible Protocol, the leading open source and multi-chain NFT protocol enabling the creation of fully customized NFT experiences, announced its integration with the Solana blockchain. In addition, the protocol is partnering with the Degenerate Ape Academy (DAA) – a top Solana NFT collection – to launch the DAA commu Solana blockchain nity marketplace, enhancing and customizing the NFT experience for the 105K+ strong degen community. Read more
Solana announced the launch of Solana Summer Camp. 5000+ Builders joined already.
Solana Summer Camp Hackathon, is an online, global event with up to $5 million in prizes and seed funding. The sixth Solana hackathon will run July 11 – Aug
Projects will be eligible for:
- The Grand Champion will receive $65,000 USDC, three passes to an upcoming Solana conference, and the chance to present their projects to the greater Solana community
- The Community Choice Award, voted on by the Solana community, will be awarded $10,000 USDC and an exclusive NFT
- Prizes in the Mobile, Payments, DeFi, Web3, Gaming, and DAO Tracks, with five prizes each ranging from $50,000 USDC to $10,000 USDC
- The University Award, a $30,000 USDC prize presented to the best student team
- The Climate Award, promoting green and climate-friendly projects, will receive $10,000 USDC Read more
InfinityWallet, a desktop all-in-one crypto wallet platform for DeFi, will support Solana soon.
The Infinity Wallet is the ultimate easy-to-use, secure, multicurrency, practical, and convenient cryptocurrency wallet that provides all a user will ever need in one platform. Providing a wide range of new and innovative features to access digital assets and fiat to anyone, anywhere, at any time. Read more
Tulip Protocol announce a grant $10,000 for Solana Summer Camp Hackathon
The Tulip Farmers Fund is a $500,000 community grant program designed to assist builders and the overarching Solana community who are looking to build new projects within the Tulip Ecosystem. Read more
Brave Wallet on Desktop now supports Solana DApps.
Brave Wallet desktop users can now connect directly to their favorite Solana-based Web3 DApps. This expands Brave Wallet’s Solana support which already includes the ability to send, receive, store, and purchase tokens. Read more
Magic Eden launches Magic Ventures fund for Web3 games
“The fund is only one part of our solution to help developers in the Web3 ecosystem,” said Zhao in an interview with GamesBeat. “We are providing end-to-end solutions, which include our launchpad for NFT minting, our wallet solutions, game marketplace solutions, and in the future cross-chain solutions. This fund is just one way to support amazing developers and to help them succeed.” 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.
Find more information about Solana
If you have any questions, comments, suggestions, or ideas about the project, please email [email protected].
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.