This weekly recap on Solana Eco is for informational purposes, not investment advice. Take a look at some of the updates from the last week with News Coincu.

NETWORK GROWTH

Total stablecoin supply

The total supply of stablecoins is currently $5.8B as of September 04, 2022. In Which USDC is the stablecoins with the largest market share with $3.93B accounting for 67.73%. Then USDT with a Dominance of 31.23% with $1.81B. The rest is a small part of other algorithmic stablecoins

Total Value Locked

Total Value Locked Solana a slight increase since last week with $1.43B(Up +2.4%) with $1.41B to $1.43B. Solana is in six places.

HIGHLIGHT EVENTS

Fireblocks Web3 Engine Expands with Solana DeFi and dApps Support.

Starting today, Fireblocks customers can securely access lending, borrowing, staking, and Web3 dApps powered by the Solana blockchain. As the first enterprise-grade gateway to allow a secure connection to non-EVM chains, we’re bringing unprecedented access to the growing world of Web3 for our global user base. 

Read more: CLICK HERE

Dilli Hacker House

​The Solana Foundation x Jump Hacker Houses is a four-day offline event with in-person guidance from core Solana Labs engineers and mentorship from other partners. 

Read more: CLICK HERE

DEFI

Wallet

Phantom has launched explore, a curated experience for their mobile app browser

Phantom wallet is a non-custodial Web3. 0 wallet is the most popular cryptocurrency wallet for the S0lana blockchain.

Read more: CLICK HERE

MathWallet has integrated Walletconnect v2.0 to help their users unlock multichain experiences using just their wallet, and they are now launching EVM chains, Solana, Substrate, and Cosmos.

MathWallet is the Multichain Wallet for Web3 that enables token storage of over one hundred chains, including BTC, ETH, Polkadot, Cosmos, Filecoin, Solana, BNBChain, etc. It supports cross-chain token bridges and multi-chain dApp stores. Our investors include Fenbushi Capital, Alameda Research, Binance Labs, Fundamental Labs, Multicoin Capital, NGC Ventures, Amber Group, and 6Eagle Capital. Visit mathwallet.org for more information.

Read more: CLICK HERE

Lending/Borrowing

Solend introduced the new Multiple Accounts features

You can now use Solend with multiple accounts for one wallet

Read more: CLICK HERE

Liquidity Staking

Marinade

Marinade introduced 24/7 support right at their website, and the official Support #chefs you love on Discord are now also online all time right in the dApp

Read more: CLICK HERE

New Projects

Kamino: A new planet full of liquidity has just been found by the Solana ecosystem…

NazareFinance: a protocol that will unleash waves of liquidity across the Solana Ecosystem

VERDICT

The above are some significant developments in the Solana ecosystem that occurred in the past week. There are still worthwhile initiatives in the works, but there haven’t been many substantial changes. Keep a look out for the announcement next week.

Find more information about Solana

Website:  https://solana.com/

Whitepaper: https://solana.com/solana-whitepaper.pdf

Twitter:  https://twitter.com/solana

Telegram: https://t.me/solana

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

Issac

Coincu Ventures