This Week In Solana
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🗓️ This Week In Solana (3/22)

🗓️ This Week In Solana (3/22)

The top news on the top chain for DeFi & NFTs

Richard Patey
March 22, 2024

Hey there 👋,

Welcome to This Week In Solana, bringing you all the top news on the top chain for DeFi and NFTs.

With recent network congestion, fuelled by the memecoin craze, some have been saying that Solana will need its own L2. But Solana is different, where problems get fixed in real time instead:

Difference between the Solana ecosystem and others is that we call out when the tech sucks
Happened in 2022 with spam pre- QUIC/QoS/Local fee markets
Problems were fixed and now the network is doing an order of magnitude more transactions than it was doing then
New problems… twitter.com/i/web/status/1…
— BEN SPARANG◎ (@bennybitcoins)
Mar 20, 2024

Cheers!

Richard (@richardpatey)

SNAPSHOT

Over the last 7 days:

$SOL Price: $173 (+0.59%)

Total Value Locked: $3.9B

NFT Volume: $73.6M

TOP PICKS

Solana celebrates Genesis Day 2024 with 276+ billion transactions, and 1600+ validators just 4 years in (Link)
Superteam UAE has partnered with Hub71+ Digital Assets to accelerate RWA startups (Link)
Perp DEXs on Solana have made over $18B+ in on-chain volume over the last month, a 79% increase (Link)
Solana Renaissance Hackathon, powered by Colosseum, has $150K+ in prize money, with side tracks listed on Superteam Earn (Link)
Trading NFTs on Tensor just got faster due to auto-adjusting priority fees and 1-step sells using Jito (Link)

NFT

Over the last 90 days, Tensor has had 3x the organic volume of Magic Eden:

Tensor Foundation announces the forthcoming $TNSR token and some people (such as me) are speculating what could happen if it is tied to Tensorians as a hybrid NFT:

When are @tensor_hq going to tell people that each Tensorian will become a hybrid NFT with a vested $TNSR contract attached.
Similar to @MadLads $W contract
Wonder what happens to floor price when this is announced
— BigH (@Bighmanny)
Mar 20, 2024

DEFI

Solana weekly DEX volume surpasses Ethereum at over $20B:

And TVL is up over 50% this month to date:

Protocols with points I am currently farming:

EARN

Kamino unveils the $KMNO Content Program, allowing users to earn tokens by creating content about Kamino Finance:

Introducing the $KMNO Content Program - live now!
Earn $KMNO by writing, talking, or memeing about Kamino
Season 1 of the program will run until March 31st, 23:59pm (UTC). Submit your content here: forms.gle/LJEy4JgwQhhqmd…
Read on for details on how you can get rewarded 🎉
— Kamino (@KaminoFinance)
Mar 22, 2024

There are currently 17 bounties closing over the next 7 days on Earn by Superteam

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Disclaimer: Nothing in this email is financial advice and I am not a professional investment adviser. I send weekly updates on Solana news - consider it informational and for entertainment purposes only. There are likely affiliate/referral links to protocols in this issue, please use them :)