This weekly recap on Solana Eco is for informational purposes, not investment advice. As of 7 days ago, Jun 1, 2022, Solana’s Mainnet Beta cluster ceased producing blocks as a result of stalled consensus, caused by a bug in the durable nonce transactions feature. 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 4.82 million transactions as of June 05, 2022(Up+11% ). A slight increase since last week. Reached a peak of 4.81 million on June 05, 2022, and a low of 3.81 million on June 01, 2022.
Solana’s Daily Active Wallets suddenly fell sharply and then rapidly increased again since last week. Lowest on June 03, 2022, with 697.23K Active Wallets, highest on June 5, 2022, with 1182.18K Active Wallets. This index is slightly lower than last week.
Total Value Locked
Total Value Locked Solana slight decrease since last week, from $4B to $3.79B. In general, in the last three consecutive weeks, TVL Solana dropped very abruptly. Almost no new money flows into the Solana ecosystem.
Total stablecoin supply
The total supply of stablecoins on Solana Ecosystem is currently $6.25B of June 05, 2022. In Which, USDC is the stablecoins with the largest market share with $4.38B accounting for 70%. Then USDT with Dominance of 29.19% with $1.82B. USDT and USDC account for 99.19% of the Solana ecosystem. The rest is a small part of other algorithmic stablecoins
Solana Hacker House | Austin June 4-9th
The Solana x Jump Hacker Houses is a five-day offline event with in-person guidance from core Solana Labs engineers, as well as mentorship from other partners. Read more
Solana Mainnet Beta Outage on June 1, 2022
At approximately 16:30 UTC on Wednesday, June 1, Solana’s Mainnet Beta cluster ceased producing blocks as a result of stalled consensus, caused by a bug in the durable nonce transactions feature. Over the next four and a half hours, validator operators worked to identify the point of furthest progress and collectively instituted a restart of the network, which resulted in durable nonce transactions being temporarily disabled. Read more
Alchemy Is Now Supporting Solana
Alchemy, a company that styles itself as the Amazon Web Services of Web3, announced on Thursday that it is launching a suite of development tools for Solana—a move that could spur further growth on the upstart blockchain.
Solana developers can now use Alchemy, the popular “pick, and shovel” service that supplies tools to accelerate Web3 building. Read more
Solana Overtakes Ethereum as the New King of NFT
Solana’s move to overtake Ethereum in terms of 24-hour NFT trading volume is the latest sign that this market is rising. Okay Bears sales have hit $100 million in secondary sales in less than a month. In addition, the Solana NFT market has recently been hit with its own set of difficulties, including the proliferation of NFT mints. Read more
Chainlink Price Feeds Go Live on Solana Mainnet
The integration with Chainlink will pave the way for highly decentralized, high-quality, and near real-time price updates for digital assets on the Solana blockchain. The real-time price feeds will enable Solana developers to build innovative and robust smart contract applications.
Notably, the integration with Chainlink will enable Solana developers to leverage as many as seven Chainlink Price Feeds – including BTC/USD, ETH/USD, USDC/USD, among others – to foster its native Defi ecosystem. Read more
Orca | Whirlpools Builders Program
The Builders Program represents Orca’s commitment to cultivating innovation in Defi. Though we recently open-sourced the Whirlpools smart contract, the design space for concentrated liquidity remains largely unexplored, providing a whale of an opportunity to builders willing to take the plunge!
Build your app on Orca’s Whirlpools and receive a grant of up to $200,000 in ORCA! 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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