1/ Over the past month, @JupiterExchange's $JUP token has been hammered down nearly 40%.

Let’s take a look at the buyback and governance unlock metrics of this token. 2/ Since @JupiterExchange began buying back $JUP on February 25th, a total of $8.7M has been spent on buybacks, resulting in the purchase of 13.4M JUP.

1/ @sanctumso just launched the Creator Coin beta yesterday!

Creator Coins allow people to create their own LSTs with a 1:1 peg to SOL. Creators earn staking rewards from these tokens while offering perks to their community of holders.

Let’s dive into the adoption so far. 2/ There have been 17 @sanctumso Creator Coins launched.

This analysis will exclude pathSOL, as it is already an established LST that dwarfs the others in comparison.

1/ @usualmoney is a RWA-backed stablecoin project that just launched a governance token and broke over $1B in TVL.

Let's dive into the metrics of this project. 2/ USD0, @usualmoney's stablecoin, is backed by USYC, @Hashnote_Labs' tokenized reverse repo on U.S. Government-backed securities.

Since May of this year, the supply of this stablecoin has grown to 1.36B and currently has 7.2K holders.

1/ @HyperliquidX just crossed $1.5B in stablecoin deposits, meaning it took:

- 169 Days to reach the first $500M in deposits
- 98 days for the next $500M
- 20 days for the most recent $500M in deposits.

Let's dive into the network's bridge metrics: 2/ Currently there is $1.58B in stablecoin deposits on the @arbitrum bridge.

This number has continued to accelerate and has gone parabolic since the launch of the chain's native token $HYPE at the end of November.

This accounts for about 60% of the USDC on Arbitrum.

1/ @SkyEcosystem USDS has been live for 11 days on @solana.

Lets look at the tokens adoption in the ecosystem so far. 2/ Currently, 81.1M @SkyEcosystem USDS has been bridged to Solana via @wormhole.

Most of this bridging activity occurred within the first 4 days of launch.

1/ Yesterday, a @JupiterExchange vote went live to decide if the community is ok with 2 more Jupuaries where 700M tokens are distributed in each.

Talk about the vote has been contentious, let's dive into the cast votes so far. 2/ Currently 101K wallets have cast 261M JUP worth of voting power.

In terms of number of wallets, the "Pass" is much more popular, but given the 70% yes to pass, it is currently failing.

This is one of the first JUP proposals where voting power and popular vote don't align.

1/ @AdrenaProtocol is Solana's latest perpetual futures protocol, offering up to 100x leverage, that launched a month and a half ago.

Let's dive into the ecosystem, exploring the ADX and ALP tokens and analyzing the protocol's activity. 2/ @AdrenaProtocol currently supports trading on three key assets: BTC, BONK, and SOL.

In the protocols first six weeks, the protocol has had $422M in trading volume, generating $448K in fees.

1/ sUSD is a USD stablecoin recently launched by @solayer_labs that allows holders to earn T-Bill yields.

Let's dive into how it works and its adoption. 2/ Think of @solayer_labs's sUSD as your crypto savings account on Solana:

- Automatically earns 4-5% yield from T-Bills
- No lock-ups or minimum deposits
- Yield starts the moment you hold

1/ @ISC_money is a token on the Solana blockchain that represents a basket of assets.

Let's take a look at what this coin is made up of and its activity on-chain. 2/ Currently, @ISC_money is made up of equal parts:

- Gold
- Global Equities
- Cash
- Short-term Treasuries
- Global Bonds

1/ @JupiterExchange just launched @deBridgeFdn's LFG token vault, allowing people to buy the DBR token at a $250M FDV.

Let's take a look at the presale activity of this token so far. 2/ In the first hour of the @deBridgeFdn sale, there were $700K of purchases, and since then there has been about $100K per hour.

1/ @AdrenaProtocol is Solana's latest perpetual futures protocol offering up to 100x leverage.

Let's dive into the ecosystem, exploring the ADX and ALP tokens, and analyzing the protocol's activity. 2/ @AdrenaProtocol currently supports trading on three key assets: BTC, BONK, and SOL.

In just its first three weeks, the protocol has had $18.5M in trading volume, generating $39.8K in fees.

1/ @pumpdotfun is a new Solana dApp that allows people to launch coins that are instantly tradeable with just a few clicks.

This app has been gaining massive adoption, rising to account for about 1.5% of Solana's transactions and 5% of the active wallets.

2/ Since the start of March, users have spent about $1.3M in fees to launch approximately 440K tokens from 210K wallets using @pumpdotfun.

Just yesterday, 14K tokens were created by about 9K wallets.