This weekly recap on Solana Eco is for informational purposes, not investment advice. In the past 7 days, the SOL price continuously dropped sharply from a peak of $145 to $101 on April 17, 2022. After Solana Riptide Hackathon Ends, There Are Many Outstanding Projects .Take a look at some of the updates from the last week.

Network Growth

Daily Transactions

Daily transaction on Solana Blockchain is at a current level of 4.48M transactions on April 17, 2022. Up 15% since last week( 3.86M transactions). Reached the highest of 5.982M on  April 14, 2022.

Active Addresses

Solana’s Daily Active Wallets grew strongly since last week. Up +32% from 601K to perk of 782K on April 16, 2022. Peaked on April 15, 2022, along with 790K Active Wallets.

Total Value Locked

Total Value Locked Solana decreased slightly(-0.2%) since last week, from $6.58B to $6.44B. In general, in the last two consecutive weeks, TVL Solana dropped very sharply. Almost no new money flows into the Solana ecosystem. Solana seems to be losing direction in early 2022

Highlight Events

Winners of the Riptide hackathon

Riptide saw nearly 7000 participants submit 550 final projects to the judges. Google, Visa, Jump Crypto, Samsung NEXT, MonkeDAO, and Mango joined Solana Ventures as category sponsors for the global hackathon, offering participants a global prize pool of up to $5 million in prizes and seed funding.  

More Information at Click Here

Star Atlas Partners with Figment DataHub

With DataHub, Star Atlas developers can now access popular web3 tools such as Solana protocol, Pyth’s High-Fidelity Data, The Graph, and more through our RPC and enterprise-grade infrastructure. DataHub developers can connect to multiple blockchain’s powerful and unique features without becoming protocol experts or managing complex infrastructure. 

More Information at Click Here

NFT SharkyFi Partners With MonkeVentures

MonkeVentures made the announcement with a tweet on April 2 and was later joined by SharkyFi.  Notably, lenders utilize the Sharky platform to provide liquidity for NFT collections on an order book. MonkeVentures, on the other hand, finds and invests in early-stage teams, innovative products, and web3’s rising stars.

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Friktion Partners With Pyth

The DeFi hedge fund Friktion partners with the Solana oracle network Pyth to power Entropy, a decentralized exchange focused on giving traders tools to trade volatility. 

More Information at Click Here

Nansen Integrated Solana Data

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Solend to Launch NFT Lending in Partnership with Solvent and MonkeDAO

Together with Solvent,  MonkeDAO, and Switchboard, Solend is launching NFT lending, so users can deposit NFTs into a bucket to get fungible tokens (droplets) at a 1:100 ratio. 

More Information at Click Here

Spotlight Projects

TOP 5 Gainers & Losers On Solana Last 7 Days

Taki

Taki has raised $3.45 million through 11 marquee global investors. Crypto exchanges including CoinDCX, Coinbase Ventures, FTX, OKX Blockdream, Solana Ventures, Formless Capital, Gemini Frontier Fund, Luno Expeditions, Huobi Ventures, Kraken Ventures and Roka Works participated in the round.

Taki is built on the Solana Blockchain – with support from the Solana Foundation – which allows Taki to provide fast and inexpensive transactions with low environmental impact, and making it accessible to communities at a global scale.

More Information at Click Here

Tiny Colony

Tiny Colony is a Pixelated ecosystem built on the Solana blockchain, encompassing various game modes, events, and experiences; including the first-ever Construction and Management Simulation Blockchain Game.

More Information at Click Here

Strata Protocol

Strata Protocol has closed a $1.5 million seed round led by Multicoin Capital. Solana Ventures, Asymmetric Partners, Alameda Research, and Starting Line also participated in the round. Also won 50,000 USDC from Solana Riptide hackathon

More Information at Click Here

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