😠 Don't Sybil Me

Drift took token allo away from real accounts they defined to be sybils

Author

Richard Patey
May 18, 2024

Together with

This week’s issue is brought to you by SolanaHub, who have their own liquid staking token on Sanctum called Hubbie (hubSOL).

Hold Hubbie to earn EXP within Sanctum Wonderland, plus a share of a weekly prize pool over at SolanaHub.

SNAPSHOT

Over the last 7 days:

$SOL Price: $173 (+17%)

NFT Volume: $29.0M (-8.2%)

Total Value Locked: $4.6B (+9%)

Total Liquid Staked: 22.5M SOL (-)

Stake in LSTs vs Native: 6.1% (-)

hubSOL staked: 23.1K SOL (-)

TOP STORIES

  1. Coingecko posts that Solana is the fastest blockchain, with its TPS reaching a record high of over 1500 on April 6 (Link)

  2. For the first time ever, on 12th May, Solana generated more fees than Ethereum in a single day (Link)

  3. Drift token drops but doesn’t go entirely to plan, with some users angry that their allocation has been taken away (Link)

  4. Are fundamentals aligning for a massive $BONK rally? (Link)

  5. Zeta launches Z-Loot random Z-Score multiplier for trades (Link)

  6. Fabiano posts that the Symmetry airdrop is underrated (Link)

  7. Jupiter announces deBridge, Divvy Bet and Exchange Art as the candidates for LFG Round 3 (Link)

  8. Jupiter’s partial unstake is live (Link)

  9. Robinhood launches Solana staking in the EU (Link)

  10. Wall Street Bets posts that Solana Summer is inevitable:

Disclaimer: Nothing in this email is financial advice and we are not professional investment advisers. These weekly updates on Solana news are informational and for entertainment purposes only. The information here could be out of date or completely wrong. Worse, protocols featured may get hacked or may rug you and you may lose everything you invest. As such we accept no liability of loss, you are responsible for your own research and due diligence.