Solana Ecosystem Biweekly Digest #19
Greetings and welcome to the latest release of the Solana Ecosystem Biweekly Digest! Explore this edition to uncover the significant progress made by the Solana community in the past fortnight. Keep abreast of recent milestones, including fresh releases and collaborative endeavors. Come along as we examine the impactful developments shaping the course of the Solana Ecosystem.
Drift Protocol Launches Pre-Launch Markets
Drift Protocol launches Pre-Launch Markets, allowing traders to speculate on token prices before a token’s official launch. These markets prioritize transparency and price discovery. Pre-launch markets differ from standard perpetual markets and include safeguards to mitigate risk. Read more about it in this article.
Circle Deploys New USDC Pre-Mint Address on Solana
Circle has deployed a new pre-mint address for USDC on Solana, preparing for the Cross-Chain Transfer Protocol (CCTP) mainnet launch. This change doesn’t impact exchanges or websites tracking USDC circulation. Pre-minting allows Circle to hold USDC balances before they enter circulation. Read more about it in this article.
Grass Announces The First Ever Layer 2 Data Rollup
Grass is building a layer 2 data rollup to solve AI’s data transparency problem. The rollup will embed metadata into datasets, documenting the website a dataset was scraped from. This empowers both builders and users to verify AI model training data. The L2 will also feature a ZK processor for scaling and enable rewards proportionate to node contributions. Read more about it in this article.
APhone Launches on Solana, Offering Affordable Web3 Access
APhone, a cloud-based virtual smartphone app, has launched on Solana. It aims to break down hardware barriers and provide affordable ($20/year) Web3 access, particularly in emerging markets. APhone comes pre-installed with popular Solana dApps and leverages a decentralized cloud infrastructure for enhanced security. Read more about it in this article.
Eclipse Labs Secures $50M Series A for Ethereum L2 Development
Eclipse Labs, building an Ethereum layer-2 solution leveraging the Solana Virtual Machine (SVM), has raised $50M in Series A funding. Placeholder and Hack VC co-led the round, which included notable investors and builders. The funds will support the upcoming Eclipse Mainnet launch, developer grants, and community initiatives. Read more about it in this article.
In Summary, Drift Protocol launches Pre-Launch Markets for early token speculation, while Circle prepares for CCTP with a new USDC pre-mint address. Grass introduces a Layer 2 data rollup for AI transparency, APhone offers affordable Web3 access on Solana, and Eclipse Labs secures $50M for Ethereum Layer 2 development.
About SolanaPrime:
SolanaPrime is a Solana-powered, fully decentralized IDO launchpad platform. It serves as the primary market gateway for the next generation of DeFi, GameFi, and Metaverse dApps to launch on the Solana ecosystem, either as direct token participation in the IDO or indirect exposure to SolanaPrime in its entirety.
Follow SolanaPrime’s social media channels to be at the forefront of the Solanaverse:
Telegram Official Community — https://t.me/SolanaPrimeOfficial
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