We had a massive week with the SEC approving generic listings standards, clearing the way for more spot crypto ETFs to launch, while two new Solana DATs came to life.
Check out some highlights you might’ve missed:
- @dan_pantera, @cosmo_jiang, and the @PanteraCapital team announced that @HeliusHSDT raised $500M to launch a Solana DAT
- @Rockaway_X and @PulsarGroupAE announced that @oursolmate raised a $300M round out of the UAE to start a Solana DAT, with backing from @ArkInvest
- @SP3NDdotshop went live, enabling users to buy anything on Amazon with stablecoins, powered by Solana
- @bangerznft launched @gibdotmeme, a Memecoin TCG on Solana
- @stardotfun announced The Shot, a livestreamed fundraising event on Solana
- $1B of Bitcoin issued was achieved on Solana for the first time ever, an ATH (h/t @bitcoinlayers for the data)
- @OrderlyNetwork launched multi-collateral on Solana, enabling traders to use SOL and USDT as collateral on trades
- @KalshiEco announced that grants are now available for builders shipping prediction markets products on Solana with Kalshi
- @formacity announced Forma Georgia, their first ever popup village in Europe, coming to the pro-tech, pro-crypto capital of Tbilisi from November 15-23
- The @titan_exchange team announced their $7M seed round and launched the Titan Prime API
- @solanamobile announced the winners of the first ever Solana Mobile Hackathon by @RadiantsDAO, with over 1,000 signups and 276 submissions from around the globe. Many congrats to the ten grand prize winners: @nomadz_co, @gibdotmeme, @blormmy, @SP3NDdotshop, @be_plutus, @memeshot_app, @deplaydotfun, @DojoDuel, @Scrollyfeed, @mattlefun
- @0xMert_ hosted the 2nd ever Solana Live, featuring @mist_trading, @KyleSamani, and @a1lon9. Stay tuned for the next one, coming October 2nd!
- @reflectmoney launched USDC+, a yield-bearing stablecoin
- @SolanaCollectiv announced their fAll Out contentathon, running from September 23 - October 23rd
- The @solana_zh community showed up strong to ship together IRL at Solana Startup Village Shenzhen
- @DriftProtocol went live on the @solanamobile dApp store
- The first @SolanaConf Breakpoint 2025 speakers were introduced, including Lily Liu, Raj Gokal, Anatoly Yakovenko, Yat Siu, Ian Rogers, David Rutter, and many more, coming to Abu Dhabi from December 11-13th
Another week driven by Solana builders simply executing. Let’s keep firing on all cylinders.
Get your Breakpoint tickets before prices go up for Abu Dhabi Finance Week and F1 btw. See you next week 🫡
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Welcome @global_dollar’s USDG, now live on Solana — joining one of the fastest growing networks for stablecoins, with 120% MoM growth.
The future of 24/7 programmable money with near-instant settlement is on Solana 🧵
Paxos now issues USDG on Solana.
The Global Dollar Network — led by Anchorage Digital, Bullish, Galaxy, Kraken, Nuvei, Robinhood & Paxos — aims to accelerate stablecoin adoption by rewarding businesses & users with up to 100% of USDG reserve yield.
USDG is compliant with MAS’s upcoming stablecoin framework and is issued on Solana using token extensions.
Token extensions give institutions the ability to issue stablecoins and real-world assets with compliance features on a public network.
The next billion dollar companies are being built on Solana.
It’s time to go founder mode — here are the resources you need to grow your crypto startup from 0 to 100 🧵
Global online Solana hackathons by @colosseum are the #1 source for talent discovery in crypto, with past winners going on to raise $650 million in funding.
1,300 teams in 150 countries participated in the last hackathon — the largest in crypto.
Technically strong but need to scale your GTM and business ops?
The @heliuslabs Startup Launchpad and @0xMert_'s bald head has got you covered.
Accelerate growth with 8 months of Helius infra, mentorship from Solana veterans, and access to battle-tested investors.
Breaking News: Electric Capital’s Developer Report shows Solana as the #1 ecosystem for new developers in 2024!
This marks the first time any ecosystem has surpassed Ethereum for new devs since 2016 — 7,625 new devs built on Solana this year.
Let’s dive into some highlights 🧵
Electric Capital’s annual report takes a look at developer growth in the crypto industry, measured by the number of open source repositories.
Overall, Solana was the fastest-growing large (2000+ developer) ecosystem by monthly active developers, with 83% growth YoY.
In July 2024, Solana surpassed Ethereum to become the number 1 ecosystem for new developers — a major feat only possible from the hard work of the Solana community.
This is the first time an ecosystem has surpassed Ethereum for new devs since 2016.
Breaking news: Sky Protocol’s USDS stablecoin is now live on Solana — bringing crypto’s third largest stablecoin to Solana’s growing DeFi ecosystem, powered by Wormhole 🧵
Sky (formerly MakerDAO) now issues their USDS stablecoin on Solana as an SPL token.
USDS was previously issued as DAI. Over $4.7 billion USDS and DAI have already been issued across other blockchains as of Nov. 15th, according to @artemis_xyz.
USDS joins USDt (@Tether_to), USDC (@Circle), PYUSD (@PayPal), and USDP (@Paxos) amongst others on Solana — contributing to $3.8 billion in stablecoins issued on the network as of Nov. 1st.
On day one, USDS will have strong support throughout the Solana ecosystem, including from @JupiterExchange, @MeteoraAG, @orca_so, @DriftProtocol, @KaminoFinance, @jito_sol, @Phantom, @solflare_wallet, @save_finance, @ChronicleLabs, and @PythNetwork.
Power grid infrastructure is outdated, energy demand is rising, and the need for a clean energy shift is urgent.
Renewables like solar are getting cheaper, but their distributed nature challenges the existing grid, which is built for centralized energy production.
Crypto can help by incentivizing renewable energy build-out, altering consumer behavior, coordinating across distributed energy sources, supporting P2P energy trading, and providing an open data layer. 🧵
Fuse is a full-stack Web2 renewable energy business that is now building @projectzero2050, a decentralized renewable energy network powered by Solana.
With $12M in recent funding led by @multicoincap, Project Zero aims to use token incentives to drive the installation of distributed energy sources and shift consumption patterns. When energy costs rise, consumers are rewarded for using less, and vice versa—turning everyone into a mini energy trader.
Learn more about @FuseEnergyHQ and Project Zero from its Breakpoint announcement:
Powerledger offers a platform for tracking, tracing, and trading renewable energy — and reported that a P2P solar energy trading pilot with Uttar Pradesh saw prices drop 43% below retail tariffs and spurred legislative changes.
It’s migrating from its own SVM fork to Solana mainnet. Hear from @PowerLedger_io at Breakpoint: