Solana Weekly Recap | May 02 – May 08, 2022

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 $94 to $61 on May 10, 2022.  .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 5.61M transactions on May 8, 2022. slight growth compared to last week. . Reached the highest of 6.56M on May 4, 2022 and As low as 5.61M transactions on May 8, 2022. The Cryptocurrency market ccontinues to plummet, with no new money flowing into the market. Solana ecosystem is in a state of saturation

Active Addresses

Solana’s Daily Active Wallets Slight increase since last week from 1,246 to perk of 1,335 on May 8, 2022. Peaked on May 8, 2022, along with 1,335K Active Wallets. About 1 Month ago. The number of Active Wallets grows very fast.

Total Value Locked

Total Value Locked Solana plummeted since last week, from $6.48B to $5.16B. In general, in the last three consecutive weeks, TVL Solana dropped very abruptly. Almost no new money flows into the Solana ecosystem. Solana seems to be losing direction in early 2022

Highlight Events

Radium Protocol is launching the Fusion Pool for $NOVA$USDH

You can stake LP tokens now in the farm, with rewards starting later today, May 6th, at 12:00 UTC!

Nova Finance is a non-custodial programmable asset protocol being built for Decentralized Finance (DeFi). Users can use programmable assets to build investment portfolios and automate complex investor and yield strategies to reduce risk and optimize gains.

For more information: Click here

$bSOL is coming to Anchor Protocol

bSOL is a wrapped version of stSOL on the Terra and Solana blockchains. Users are able to exchange (wrap) stSOL to bSOL and back (unwrap). While stSOL is wrapped to bSOL all staking rewards from Lido will be converted to UST and can be claimed by bSOL owner. Once bSOL is deposited as collateral to Anchor, all the staking rewards are accumulated by Anchor to be distributed to aUST holders, supplementing Anchor’s yield.

For more information: Click here

Port Finance Partnered With Hubble Protocol

Port Finance is a lending protocol that aims to provide an entire suite of fixed income products including variable rate lending, fixed rate lending and interest rate swaps.

The Hubble Innovation Zone is an isolated lending pool, separate from the main Port pool, which aims to boost the usage of $USDH in the Solana ecosystem.

For more information: Click here

Solice for being listed on MEXC Global

Solice is an open 3D world with limitless possibilities: a VR metaverse where users can play, build, own, socialize, and monetize their virtual experiences in an immersive way on the Solana blockchain.

Solice is the interconnected metaverse of virtual worldsNFTs, and communities. With the aim to improve the overall user experience, connecting them through interoperability across the metaverse.

$SLC is now trading at MEXC Global

For more information: Click here

Spotlight Projects

TOP 5 Gainers & Losers On Solana Last 7 Days

Okay Bears

Okay Bears is a Solana-based collection composed of 10,000 algorithmically-generated bears that has created some of the most powerful brands to date.

These utilities include exclusive IRL events, merch drops, outdoor campaigns, and other opportunities powered by collaborations with global brands. 

Find more information about: Solana





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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.


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