For the first time in Solana’s history, six SOL-based platforms have surpassed $1 billion in user deposits, with the top six protocols collectively holding nearly $9 billion in total value locked (TVL).
Sky, formerly MakerDAO, is leveraging Wormhole’s Native Token Transfer technology to bring its SKY and USDS tokens to Solana, enhancing multichain capabilities and proposing a 2 million SKY incentive program for Solana DeFi projects.
Rollblock, a new GambleFi altcoin, is gaining traction among Solana and XRP investors, having raised $3.4 million in its 6th presale phase and offering unique casino revenue-sharing opportunities.
Circle’s USDC stablecoin reaches $16 trillion in total volume, with the Solana blockchain emerging as a key factor in its rapid expansion.
Jito and Fragmetric have introduced fragSOL, Solana’s first native liquid restaking token, aiming to optimize yield and improve reward distribution in the liquid staking market.
Decentralized exchange (DEX) volumes fell in August, with Ethereum maintaining its lead among blockchain networks. Meanwhile, centralized exchanges (CEX) saw a slight increase in trading activity.
Solana (SOL) experiences a significant downturn in August, dropping from $180 to $138.37, with technical indicators and ecosystem performance suggesting potential further decline.
Following Brazil’s approval of a Solana ETF, experts suggest similar approval in the US is inevitable but face regulatory hurdles and uncertain timelines.
Solana-based meme coin dogwifhat (WIF) experiences a 20% price increase amid Bitcoin’s rebound to $57,000, reflecting broader market recovery and increased trading activity.
The cryptocurrency market experienced its largest three-day sell-off in a year, losing $510 billion in market capitalization amid weak US jobs data and recession fears.
