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Nov 7 • 5 tweets • 5 min read
Solana Ecosystem Update (Week 44)

Take a look back what happens on Solana last week

#SolanaDaily #Solana Image
1/ Solana Network Update

@googlecloud brings @solana data to BigQuery platform.

Specifically, Google Cloud has officially confirmed to become a validator for Solana through the BigQuery platform.

$SOL price increased strongly right after the news was released. Image
@googlecloud @solana 2/ DeFi

Solana Mobile, a subsidiary of Solana, will allow users who have pre-ordered Saga, their first mobile product, to be officially minted with the Solana Pass NFT.

#Solana Image
@googlecloud @solana 3/ NFTs

The biggest news for the whole NFT market, Meta officially announced that Instagram will become their NFT marketplace. Users can now share their NFT on both Instagram and Facebook platforms.
This is a huge and positive move for the entire NFT market.

#SolanaNFTs Image
@googlecloud @solana 4/ DRAMA

The event revolves around the fact that #Alameda is said to have mortgaged FTT with high leverage on the @FTX_Official exchange and @cz_binance announced to sell his FTT tokens in the next few months.

$FTT will be the next $LUNA?

#Solana Image

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More from @solana_daily

Solana Daily Profile picture
Aug 9
🌌 The Crypto-Mixing Service #TornadoCash $TORN Blacklisted by US Treasury #OFAC

A short thread to catch up on the latest happenings of the above event

👇👇 Image
About Tornado Cash

• Tornado Cash is a protocol that makes transactions anonymous on the @ethereum network

, and it is this feature that makes Tornado Cash a “favorite” tool in “hacks” to erase traces and withdraw large amounts of money. Image
@ethereum The reason for this action

• The US Gov believes that Tornado Cash is accused of helping to launder up to 7 billion USD of dirty money.

, including cryptocurrencies from hacker organizations such as Lazarus Group and the recent DeFi attacks such as Horizon, and Nomad Bridge. Image
Read 7 tweets
Solana Daily Profile picture
Aug 9
⚡️⚡️ BREAKING - STEPN launched $GMT Earning Plans

Read the rules for GMT Earning here 👇
stepnofficial.medium.com/stepn-launches…

#MoveToEarn @Stepnofficial Image
@Stepnofficial ✨ Some highlights you need to know about the $GMT earning event 🧵,

#Solana #MoveToEarn
@Stepnofficial StepN's goals

• The loyal users should be rewarded as they stay with the project for the long term.

-> Offering its users new types of gameplay they could enjoy.

-> Serving other features that could better connect them.
Read 6 tweets
Solana Daily Profile picture
Jan 28
IMPACT OF SABER LP TOKEN PROPOSAL ON SOLEND   
 
Lately, the proposal of the addition of the @Saber_HQ  LP token to be an asset on @solendprotocol has been executed. Check the thread below to see the impact of this addition.
 
#Solanaszn #impact $SLND $SBR Image
@Saber_HQ @solendprotocol 1. @solendprotocol is by far the largest lend-borrow market on Solana, with over $1B of user deposits.
However, over $234M of this is in USDC or USDT ~ ¼ total deposit. If this were in Saber, it would earn both swap fees and contribute to TVL of both protocols

#Solanaszn #impact
@Saber_HQ @solendprotocol 2. So, based on this, there was a proposal of 85,000 SBR of incentives for borrowing USDC-USDT LP on @solendprotocol

#Solanaszn #impact
Read 10 tweets
Solana Daily Profile picture
Jan 7
SOLANA MONEY ATTRACTION ?

The @solana ecosystem is now experiencing a major decline in comparison with other large ecosystem. So, does Solana ecosystem still attract the money flow?
Check this thread below.

#Solanaszn #money #attraction Image
@solana 1. Price & TVL correlation
Each time the $SOL price witnessed a major decline, the same happened with the TVL of the ecosystem. However, until now, the $SOL price is now creating the lower low since Dec 4th crash, but the TVL of the ecosystem...

#Solanaszn #money #attraction Image
@solana 2. Price & TVL correlation
... still stabilize above $10B. Another way of understanding, I believe the money flow is more appeared in the Solana ecosystem more than the native token itself. Now let's find out where exactly the money stay?

#Solanaszn #money #attraction
Read 12 tweets
Solana Daily Profile picture
Dec 3, 2021
WHAT IS WEB3 AND WHY WEB3 MATTERS?

1.The world has experienced the evolution of web from web 1.0 to web 3.0 now since the dawn of internet.
So what is actually web3.0 and why does it matter?

#Solanaszn #web3
2. Let's start with the evolution of web.
The web 1.0 start from the first of Internet in 1994 to 2004.
The characteristics of web 1.0 are Centralized, Less-Interactivity and Desktop-based.

#Solanaszn #web3
3. Let's start with the evolution of web.
The web 1.0 started from the first of Internet in 1994 to 2004.
The characteristics of web 1.0 are Centralized, Less-Interactivity and Desktop-based.

#Solanaszn #web3
Read 10 tweets
Solana Daily Profile picture
Dec 3, 2021
THE NEXT LARGEST LENDING AND BORROWING PROJECTS ON #SOLANA

1. The largest lending and borrowing project on Solana now is @solendprotocol . However, as history taught us, nothing lasts forever (expect BTC). Shall @ApricotFinance be able to overthrow solend?

#Solanaszn #compare
@solendprotocol @ApricotFinance 2. In the overall section, the statistics of both projects showed the same/ relatively small differences between two projects, except for the TVL.
The TVL of solend outperforms the TVL of apricot up to 255%. What a differences.

#Solanaszn #compare
@solendprotocol @ApricotFinance 3. On the L&B characteristics, the total supply and total borrow of @ApricotFinance cannot compare with the Solend. This phenomenon may happen due to the time of incentive programs between two projects.

#Solanaszn #compare
Read 9 tweets

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