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.

The first-ever Solana AI Hackathon is now live!

–– $185k+ in cash prizes
–– Global and Online
–– 6 Tracks on AI Agents
–– 10th to 23rd December

Here are all the details and tracks — powered by @sendaifun 🧵 Main Track by @ai16zdao and @SolanaFndn

Build the best overall AI Agent product –– think of this track as an AI Agent startup competition.

🥇 $30,000
🥈 $20,000
🥉 $10,000

Supported by –– @0xzerebro, @jito_labs, @JupiterExchange, @heliuslabs, @multicoincap, @dynamic_xyz, @assisterr, @ionet, and @MH_Ventures.

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.

The energy sector is ripe for disruption.

Power grid infrastructure is outdated, energy demand is rising, and the need for a clean energy shift is urgent.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:

gm, as we prepare for Breakpoint, let’s look back on an August filled with shipping 🚢

From prediction markets to global payments, the Solana ecosystem didn’t miss a beat.

Curious what you might’ve missed? We’ve got you covered. 🧵 Drift launched prediction markets platform BET.

BET differentiates from existing prediction markets with its capital-efficient design – and users can trade with any collateral supported by @DriftProtocol, not just USDC.

Today, the Solana Radar Hackathon officially kicks off!

So it’s the perfect time to share ideas for innovative startups to build on Solana.

What potential opportunities are out there? 🧵 DePIN.

Energy infrastructure is changing: Governments are providing 100s of billions to accelerate the shift to green energy.

There's an opportunity to build an optimized energy business via token incentives:
> Earn for installing valuable energy hardware (e.g., solar panels, batteries)
> Earn for adjusting energy consumption behavior
> Turn each homeowner into a mini "energy trader”

PayPal's PYUSD stablecoin recently surpassed a $1 billion market cap!

It has increased by 271% since its launch on Solana, with Solana PYUSD accounting for 88% of that growth.

Why did PayPal choose to build on Solana and what’s driving PYUSD adoption? 🧵 For over two decades, PayPal has strived to provide people with access to fast, cheap, and global payments.

This commitment led the company to pioneer online payments, and now, PayPal’s looking to what it believes is the next generation of digital payments: onchain payments.

Onchain payments offer several advantages over traditional payment systems, including faster settlement, lower costs, and programmability.

Today, we connect Solana to the entire internet.

Vote, Donate, Mint, Swap, Pay — use Solana, everywhere. Meet blinks (blockchain links) – a new primitive that transforms onchain actions into shareable links.

Anywhere you can share a link on the internet, you can initiate Solana actions (even on X!).

1/ Recently, stablecoins issued on the Solana network surpassed $3B USD — and congrats to @Circle passing the $2B issuance mark for USDC on Solana!🔥

Stablecoins are a killer use-case for Solana and it still has lots of room to grow👇🧵 2/ Data from @Artemis_xyz as of Apr. 4th, 2024 shows that stablecoin issuance and transfers on the Solana network have continued to rise over the past three months, with over 3.1 billion issued and millions of daily transfers.

Stablecoins are just getting started on Solana 💪

1/ The Solana ecosystem is growing 🔥

Over 180 opportunities are available for devs, engineers, marketers, and analysts with teams across the ecosystem that ship at the speed of light.

Apply today:

Position spotlights in thread 🧵👇jobs.solana.com 2/⛓️Solana Engineer, @wormhole_labs

Apply: jobs.solana.com/companies/worm…

1/ 2024 is the year of Solana 🐲☀️

The network is strong heading into 2024, with recent reports highlighting the 2500+ developer community, 40.7 million daily user transactions, & mature tooling.



This is why Solana is the place to build in 2024👇🧵solana.com/2024outlook 2/ @SolanaFndn’s State of Developer Ecosystem Report showcases the strong developer community building on Solana💪

There are 2,500 active @solana_devs on open source repositories & dev retention increased from 31% to >50% throughout the year.

Read more: solana.com/news/2023-stat…

1/ Announcing the Hyperdrive Hackathon! 💫

🌍 An online, global Solana hackathon
🏁 Running Sept. 6 - Oct. 15
🏆 $1 million in prizes and seed funding up for grabs

Join and start building today: solana.com/hyperdrive
2/Builders can win the Grand Prize & speciality prizes:

📲 Mobile Apps by @MagicEden
🪙 Finance/Payments by @helio_pay
🤖 AI by @UXDProtocol
🛜 DePIN by @ionet_official
🛠 Crypto Infra by @IronforgeCloud
🎮 Gaming by @Phantom
🤝 DAOs/Network States by @Balajis & @thenetworkstate

1/ 🛍️Shopify 🤝Solana Pay

Today, Solana Pay integrates with @Shopify, empowering the millions of entrepreneurs and merchants on Shopify to accept fast, web3 native payments with no transaction fees through the end of 2023.

Learn more 👇 techcrunch.com/2023/08/23/sol…
2/ Solana Pay, a decentralized, open-source, peer-to-peer payments protocol built on Solana by Solana Labs, is now available to millions of businesses as an approved app integration with Shopify, the leading global ecommerce company. solana.com/news/solana-pa…

1/ 🎉Introducing Solang: Building on Solana with Solidity

Today, @solanalabs announces Solang, a compiler enabling developers to write smart contracts on Solana in Solidity, the primary programming language of Ethereum.



Learn more👇solana.com/news/solang-so… 2/ What is Solang? Solang is a Solidity compiler that allows you to write Solana programs using the Solidity programming language.

If you’re an EVM developer, you could leverage your existing knowledge of Solidity to start building on Solana.

1/ It's time to fight the bear and launch the next big crypto project.

Welcome to GRIZZLYTHON 🔥

🌍 An online, global Solana hackathon
🏁 Running Feb. 2 - March 14
🏆 $5 million in prizes and seed funding up for grabs

Register and start building now: 2/ Builders can win Grand Champion, speciality prizes & awards in:

📲 Mobile by @solanamobile
📊 DeFi by @MonacoProtocol
💸 Payments by @stripe
💻 Consumer by @brave
🛠Tools/Infrastructure by @solanafm
🎮 Gaming by @awscloud @HelloMoon_io
🤝 DAOs/Network States by @SuperteamDAO

1/ It's #SolanaSolstice once again ☀️ 2022 was the year for shipping and scaling — and building the real-world tools that will onboard millions of users.

Here's why you can bet on the Solana community in 2023 solana.com/news/solana-so… 🧵 2/ ☀️ SMS and Saga

In June, @solanamobile announced the Solana Mobile Stack and Saga phone to seamlessly, securely free the blockchain from the desktop.

And it's coming soon.

DVT-1 units are shipping now. Saga will ship to the public in early 2023.

https://twitter.com/solanamobile/status/1540066889518432257

1/ @stripe debuted its fiat-to-crypto payments onramp — and 11 of the 16 projects in the program are built on Solana 💪

@AudiusProject
@xNFT_Backpack
@FastAF
@fractalwagmi
@glowwallet
@MagicEden
@magic_labs
@orca_so
@ottrfinance
@spotwallet
@UltimateMoney

https://twitter.com/stripe/status/1598361957836279809

2/ In fact, @stripe, @SherazShere of @solanapay, @AudiusProject, and web3-enabled mobile commerce app @FastAF talked about improving onramps live on stage @SolanaConf.

Solana has an active and robust ecosystem of builders. The network is strong. @solanaconf demonstrated that the energy and commitment and range of projects is stronger than ever. That hasn’t changed in the last 48 hours.

The vision remains the same. A thread 🧵 2022 has been a year of unprecedented developer activity on Solana across Mobile, Games, NFTs, DAOs, Payments, and DeFi.

1/ A 🧵 on developer resources for the 5,000+ builders that have joined the #SolanaSummerCamp Hackathon. 🏕️

solana.com/summercamp/res… 2/ If you're just starting to learn how to build on Solana, the Solana Cookbook provides essential material and references to quickstart your development. 👩‍🍳

solanacookbook.com/#contributing

What is SMS?

1/ 2/
Solana
Mobile
Stack

It’s the toolkit you need to build beautiful, seamless web3 mobile experiences, coming first on Saga, a flagship device from @Solanamobile.

Pre-order at SolanaMobile.com

1/ Introducing Solana Pay, a decentralized, secure, and open-source payments protocol for the next generation of merchant payments 💸
#SolanaPay
solana.com/news/solana-pa… 2/ Launching today, Solana Pay makes it easy for merchants worldwide to accept digital dollars like $USDC, and any other #Solana SPL Token, for a fraction of a penny and without any intermediaries