Synthetix

FTX Token

Axie Infinity

Frax (prev. FXS)

SPX6900

dogwifhat

Jupiter

Virtuals Protocol

Zebec Network

Neiro

<h2 id="header-0">Market Overview</h2><p><a href="https://coinmarketcap.com/currencies/bitcoin/">Bitcoin</a> climbed to an all-time high of nearly $112,000, driven in part by <a href="https://www.theblock.co/post/355707/strategy-buys-4020-btc-bitcoin-for-427-million-total-holdings-reach-580250-btc">Strategy’s $427 million BTC buy</a>.</p><p>In contrast, the altcoin market remains in hibernation with no altcoin summer in sight yet. However, <a href="https://coinmarketcap.com/currencies/solana/">Solana’s</a> wins came from a string of announcements within its ecosystem.</p><ul><li>Kraken is set to <a href="https://cryptodnes.bg/en/kraken-turns-solana-into-a-global-stock-exchange/">bring U.S. stock trading to Solana’s blockchain</a>, cementing the network as a leader in real-world asset (RWA) tokenization.</li><li>Jupiter stepped onto the Solana Accelerate Stage to <a href="https://www.theblock.co/post/355466/liquidity-begets-liquidity-solana-dex-aggregator-jupiter-unveils-a-new-lending-protocol">unveil a new lending protocol in collaboration with Fluid</a>.</li><li>More than $175 million was bridged from other networks to Solana, pushing its<a href="https://coinmarketcap.com/view/solana-ecosystem/"> ecosystem market cap</a> 3% higher, though its trading volume slipped 15%.</li></ul><tweet-embed url="https://twitter.com/SolanaFloor/status/1926935806502924628"></tweet-embed><p></p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXeesVKPzAMOQAm_-3Qun0DM1ADYANk5uP_anN3W9u8CJ7PAvO6xSSwj6oS1XWUNUqVKfA-8ZbOGuSrjbo2SbvwgAFg7QdXzRzg_ClHTd7v9KcxQFz66KOpNnP8cWisYtNeJHqzd-w?key=75eGBiNF7sQ_B-T3qOoQ2w"/></p><p>Source: <a href="https://coinmarketcap.com/view/solana-ecosystem/">CoinMarketCap</a></p><ul><li>In <a href="https://coinmarketcap.com/view/depin/">DePIN news</a>, the <a href="https://www.theblock.co/post/355238/solana-mobile-skr-token-seeker-shipping-date">Solana Seeker Mobile will start shipping in August</a>, with a new token (SKR) and decentralized architecture (TEEPIN) set to roll out.</li></ul><tweet-embed url="https://twitter.com/solanamobile/status/1925168003840114823"></tweet-embed><p></p><p>Ledger has launched a <a href="https://www.theblock.co/post/355066/hardware-manufacturer-ledger-releases-solana-branded-non-custodial-wallet">Solana-specific variant of its non-custodial Ledger Flex device</a>.</p><p>What else happened in SolanaLand? Here is the weekly lowdown.</p><h2 id="header-1">Solana&#x27;s Performance</h2><p>SOL jumped 5% this week to $176 as the key<a href="https://solana.com/accelerate"> Solana Accelerate</a> conference in New York on May 22-23 attracted builders, executives, policymakers, and disruptive crypto startups.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXcVRKOlq9Z09EkupN35X2UldqKfItwtG5WQ3LVrfl7aUqCQpvQI3uieX9guxyM5DobT5Qr_nlobVxCYtn9iyI51nvE4EPto6AH50nIMz11gjuf-7PuK3l2zdOodXpS7MJ5leUfobA?key=75eGBiNF7sQ_B-T3qOoQ2w"/></p><p>Source: <a href="https://coinmarketcap.com/currencies/solana/">CoinMarketCap</a></p><h2 id="header-2">L1 Ranking Update</h2><p>Solana’s <a href="https://defillama.com/chains">DeFi TVL</a> edged up 2% to $10.997 billion, far outpacing BNB Chain in third place.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXebL3ry6RFZwBpJ0e3sT51XeoZ1QrpZan9nvDKkbmJ-95qWxx8X8Y-0F0IfkrroJViZUvv6MjWV8IYQLJRgfMTm6S4IPzheD9BZhumMYIOYxYp0TtRkYWUpb8MsCTiR53FNNjvd8w?key=75eGBiNF7sQ_B-T3qOoQ2w"/></p><p>Source: <a href="https://defillama.com/chains">DeFiLlama</a></p><p><a href="https://defillama.com/dexs/chains/solana">Solana’s DEX volume</a> dropped 14.62% to $21.28 billion this week, ending its multi-week growth streak.</p><p><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfXW27Oeytzg-vOQ_55zJOgOBy5pKOEgykRbB10EjU_4Ayuov7tNpmiZKjhs3A4CpVKZL602Ki1aFu31TmHRmmun3WEIF706-2ARbZFUoS6JTkUjDLCN41GsQaFbfhxmSdOrQia8w?key=75eGBiNF7sQ_B-T3qOoQ2w"/></p><p>Source: <a href="https://defillama.com/dexs/chains/solana">DeFiLlama</a></p><p>In another win, Solana’s DApps generated more weekly revenue than those on any other chain.</p><tweet-embed url="https://twitter.com/SolanaFloor/status/1926939419560280071"></tweet-embed><p></p><h2 id="header-3">Biggest Winners &amp; Losers</h2><h3 id="top-performers">Top Performers</h3><p><a href="https://coinmarketcap.com/currencies/zebec-network/">Zebec Network (ZBCN)</a> was this week&#x27;s outlier with a 150% gain</p><ul><li><a href="https://coinmarketcap.com/currencies/zebec-network/">Zebec Network (ZBCN)</a>: +150%</li><li><a href="https://coinmarketcap.com/currencies/jupiter-ag/">Jupiter (JUP)</a>: +27.48% — uptick catalyzed by the launch of its new lending protocol</li><li><a href="https://coinmarketcap.com/currencies/virtual-protocol/">Virtuals Protocol (VIRTUAL)</a>: +20.24%</li><li><a href="https://coinmarketcap.com/currencies/spx6900/">SPX6900 (SPX)</a>: +20.21%</li><li><a href="https://coinmarketcap.com/currencies/dogwifhat/">dogwifhat (WIF)</a>: +18.54% — bounced back from its slump last week</li></ul><h3 id="biggest-losers">Biggest Losers</h3><ul><li><a href="https://coinmarketcap.com/currencies/ftx-token/">FTX Token (FTT)</a>: -6.22%</li><li><a href="https://coinmarketcap.com/currencies/frax-share/">Frax (FRAX):</a> -5.95%</li><li><a href="https://coinmarketcap.com/currencies/first-neiro-on-ethereum/">Neiro (NEIRO)</a>: -5.61%</li><li><a href="https://coinmarketcap.com/currencies/synthetix/">Synthetix (SNX)</a>: -5.23%</li><li><a href="https://coinmarketcap.com/currencies/axie-infinity/">Axie Infinity (AXS)</a>: -3.01%</li></ul><h2 id="header-4">Latest Solana News</h2><h3 id="walletconnect-brings-wct-to-solana-with-3m-airdrop">WalletConnect Brings WCT to Solana With $3M Airdrop</h3><p><a href="https://www.theblock.co/post/355601/walletconnect-token-solana-5-million-wct-airdrop">WalletConnect has launched its WCT token on Solana</a>, following previous rollouts on Optimism and Ethereum. Five million WCT, worth around $3 million, will be airdropped to active Solana users this summer through key ecosystem partners.</p><h3 id="migos-instagram-hacked-in-blackmail-attempt-on-solana-co-founder">Migos Instagram Hacked in Blackmail Attempt on Solana Co-Founder</h3><p>Hackers took over former rap trio Migos’ Instagram account to post images of Solana co-founder Raj Gokal holding ID documents, <a href="https://cointelegraph.com/news/migos-instagram-hacked-apparent-blackmail-on-solana-co-founder">demanding 40 BTC in what appears to be a failed extortion attempt</a>.</p><h3 id="kalshi-adds-solana-for-faster-crypto-deposits">Kalshi Adds Solana for Faster Crypto Deposits</h3><p>Prediction market <a href="https://www.theblock.co/post/355597/kalshi-now-accepts-solana-after-adding-support-for-bitcoin-usdc-and-wld">Kalshi now accepts Solana deposits</a>, expanding its crypto support alongside Bitcoin, USDC, and WLD. The integration, enabled by Zero Hash, allows faster funding and higher deposit limits up to $500,000.</p><tweet-embed url="https://twitter.com/Kalshi/status/1925930116527350156"></tweet-embed><p></p><h2 id="header-5">What You Can Do Now</h2><ul><li>Track WalletConnect’s WCT airdrop this summer—5 million tokens are up for grabs.</li><li>Protect your assets and personal data amid rising security threats.</li><li>Use Solana to fund Kalshi accounts instantly, with limits up to $500K.</li><li>Monitor your altcoins as Bitcoin dominance climbs past 63%, reshaping market trends.</li></ul>

Week in Solana: Accelerate in NYC, Seeker Phone in August

Week in Solana: Accelerate in NYC, Seeker Phone in August

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