Solana’s on-chain DEX transaction volume exceeded $1.8 billion yesterday, ranking first
According to DeFiLlama data, Solana's on-chain DEX had a trading volume of $1.811 billion on July 7, ranking first. In addition, the trading volume of Ethereum's on-chain DEX was $1.336 billion yesterday, ranking second; Arbitrum's on-chain DEX had a trading volume of $400.92 million yesterday, ranking third.
The ETF Store President: Approval of a spot Solana ETF may require SEC approval to designate Solana as a non-security commodity
According to Nate Geraci, the president of investment consulting firm The ETF Store, given that there are currently no Solana futures traded on CME, the only feasible way to obtain approval for a Solana ETF is to implement a legal regulatory framework for cryptocurrencies that clearly defines which crypto assets are securities and which are commodities, or for the SEC to agree to designate Solana as a non-security commodity. In any case, the institution also needs to reach a monitoring sharing agreement with currently unregulated spot cryptocurrency exchanges. Under the current government leadership, this seems unlikely, which makes the applications of VanEck and 21Shares likely to bet on a more crypto-friendly government.
BillyWen: If the Slerf project meets the requirements, we will invest in the purchase of Slerf NFT to support the refund of 12,000 SOL
On June 23, Negentropy Fund partner BillyWen posted on X platform stating that if Slerf's project Dev meets its four requirements, it will purchase Slerf NFT to support the project in completing the refund of the remaining 12,000 SOL for pre-sale investors within three months.
Solana Game Chain Sonic plans to upgrade the test network tomorrow
Solana's atomized SVM Layer 2 Sonic has released an update on X: Due to high demand for the Sonic testnet Odyssey, the team is upgrading the network to improve users' on-chain experience. During the upgrade process, some tasks and on-chain interactions will be suspended. The upgrade will begin at 1 pm on June 24, 2024 and last for about 6 hours.
Helius CEO: Introducing ZK compression into Solana will greatly improve network scalability
Helius CEO Mert Mumtaz announced on X platform that they are introducing ZK compression to Solana's development platform. ZK compression will be directly implemented on L1 without the need for L2, which will greatly improve Solana's network scalability and take a step towards building a financial computer - an unstoppable, global, and light-speed synchronized atomic state machine.
Nigerian Comedian Sabinus Launches Sabicoin on Solana Blockchain
Nigerian comedian and content creator Sabinus has entered the cryptocurrency market by launching his own digital currency, Sabicoin, on the Solana blockchain. This move reflects a growing trend of celebrities exploring the digital currency space. Sabinus aims to engage his fans and supporters in a unique way by offering them the opportunity to invest in and interact with his brand directly through cryptocurrency. While celebrity-driven cryptocurrencies offer potential opportunities for revenue and fan engagement, they also raise questions about stability and long-term viability in the volatile cryptocurrency market.
Solana Sandwich Bot Arbitrages Over $30 Million in MEV in Two Months
Blockchain analyst Ben posted on X platform that Solana Sandwich Bot: arsc...Zh2y has earned over $30 million through MEV arbitrage in the past 2 months. Currently, the Bot has transferred 114,000 SOL (about $16.5 million) to 9973...yWp6 for safekeeping, which is not very active. Its other storage wallet, Ai4z...xkkt, actively participates in Solana DeFi, gradually exchanging SOL for USDC through Jupiter DCA and being active in Kamino and various LSTs. In addition, the controller behind the Bot uses a large number of different signers to obscure their activities and profits.
Why is Solana (SOL) price down today?
Top catalysts driving the SOL price lower include weakness in the SOL/ETH pair and stagnant inflows into the Solana ecosystem.
A BEER whale sold 5 billion BEER 3 hours ago
According to Lookonchain monitoring, 3 hours ago, a BEER whale sold 50 billion BEER for 7,450 SOL (1.08 million US dollars). The whale obtained 8.89 billion BEER (1% of the total supply) from the BEER team's allocated wallet "8VY4LF...fDd5G2", but did not participate in the presale. The whale still has 3.76 billion BEER (820,000 US dollars) remaining.
Solana Domain Name Service Bonfida Airdrops 700,000 FIDA to Users Who Set Up .SOL Primary Domain Names
Bonfida, a Solana domain name service, announced in a post that it has airdropped approximately 700,000 FIDA tokens to users who have set up a .SOL domain name, which can be claimed through SNS.ID.
American rapper Lil Pump got "SOLANA" tattooed on his forehead
American rapper Lil Pump shared a photo of his new "SOLANA" tattoo on X platform and wrote, "I sold my Sol. When Binance?" Additionally, Lil Pump also shared an image of his support for Trump. OKX market data shows that SOL has rebounded slightly to above 144 USDT after yesterday's decline, and the 24-hour decline has narrowed to 2.38%.
Solana Ecosystem Swap Aggregator Spiderswap Opens Its API to the Public
Modsiw, the founder of Spiderswap, a Solana ecosystem aggregator, announced on the X platform that its API is now open to the public, allowing developers and projects to integrate their engine into their applications to unite the Solana ecosystem.
Solana’s on-chain DEX transaction volume reached $2.888 billion yesterday, surpassing Ethereum to rank first
According to DeFiLlama data , the trading volume of Solana's DEX on June 7th was $2.888 billion, surpassing Ethereum and ranking first. In addition, the trading volume of Ethereum's DEX on the same day was $1.854 billion, ranking second; the trading volume of BNB Chain's DEX on the same day was $777.32 million, ranking third.
Solana’s on-chain NFT sales in May were less than $100 million, a six-month low
According to cryptoslam data, the NFT sales volume on the Solana blockchain in May was less than $100 million, reaching $93,401,181.42, hitting a new low in the past six months. In addition, the total transaction volume on the Solana blockchain in May exceeded 2.47 million, an increase from the previous two months. Among them, there were 346,229 independent seller addresses and 594,563 independent buyer addresses (a new high in the past ten months).
Jupiter's third round of LFG Launchpad voting ends, deBridge receives 59% of votes
PANews May 26th News, Solana ecosystem DEX Jupiter announced on Twitter that the third round of LFG Launchpad voting has ended. deBridge won with 59% of the votes and will be launched on the LFG Launchpad in the coming months. Earlier, deBridge announced the launch of its governance token DBR. DBR is based on the Solana chain, with a total supply of 10 billion, and plans to allocate 20% to community launch and its community, with a circulating supply of 1.8 billion DBR at launch. Of the remaining supply, 26% is allocated to ecosystem support, 20% to core contributors, and 17% to strategic partners.
Solana plans to release the full version of the Firedancer upgrade in 2025, with a “lite version” to be released before then
Kuleen Nimkar, the head of DePIN at the Solana Foundation, stated that Solana plans to release a "slimmed-down version" of the Firedancer upgrade before launching the full version in 2025. This upgrade aims to enhance Solana's overall reliability and scalability as the network activity of the decentralized infrastructure protocol (DePIN) continues to grow.<br>
A Smart Money spent 891 SOLs to buy 13 million MAGAs in the past 2 hours and made a profit of $1.2 million from trading TREMP
According to Lookonchain monitoring, Smart Money, which had previously earned about 1.2 million US dollars through trading TREMP, spent 891 SOL (155,000 US dollars) in the past 2 hours to purchase 13 million MAGA at an average price of 0.012 US dollars.
Ethereum on-chain DEX transaction volume yesterday was $1.491 billion
According to DeFiLlama data, the trading volume of DEX on the Ethereum blockchain on May 18 was 1.491 billion US dollars, ranking first. In addition, the trading volume of DEX on the Solana blockchain yesterday was 1.072 billion US dollars, ranking second; the trading volume of DEX on the BSC blockchain yesterday was 429.75 million US dollars, ranking third.
$1.911 billion worth of SOL transferred
According to Whale Alert monitoring, 11,040,253 SOL (US $1,911,291,365) was transferred from an unknown wallet to another unknown wallet.
Anza Team Member: Solana Light Client Tinydancer Releases Testnet
On May 18th, Anza's developer relations manager revealed the results of recent Solana developer community phone discussions on the X platform, which included:
