Solana Ecosystem Biweekly Digest #26
Hello and welcome to the newest edition of the Solana Ecosystem Biweekly Digest! In this issue, we delve into the impressive advancements made by the Solana community over the past two weeks. Keep up with the latest milestones, including new releases and collaborative projects. Join us as we explore the key developments shaping the future of the Solana Ecosystem.
Pyth Pull Oracle Launch on Solana
The Pyth Network pull oracle has been deployed on Solana, allowing developers to actively request price updates from the Pythnet appchain. This new pull oracle, available until June 30, 2024, offers improved reliability and a higher number of price feeds compared to the existing push oracle. The deployment enhances the functionality of Solana protocols by ensuring better performance during network congestion and expanding price feed options. Read more about it in this article.
Marinade Earn Season 3 Launch
Marinade Earn Season 3 is launching, offering up to 25 million MNDE tokens to users enhancing mSOL liquidity. This season, participants can earn rewards through three main incentives: providing liquidity in Kamino’s Raydium mSOL/SOL vault, leveraging mSOL/SOL LP tokens on Solend for a looping strategy, and discretionary rewards for deepening mSOL in various pools. These incentives aim to strengthen mSOL’s position in the Solana LST market. Read more about it in this article.
Solana Pay Enhances Shopify with Crypto Payments
Solana Pay’s updated plugin for Shopify, powered by Helio, introduces new features for seamless crypto transactions. It supports multi-token payments, including stablecoins and memecoins, with 1-second confirmations and automatic fiat conversion. Enhanced tools for loyalty programs and exclusive access, along with a competitive 0.75% transaction fee, position this upgrade as a significant advancement for merchants embracing crypto payments. Read more about it in this article.
Circle Expands Web3 Services to Solana
Circle’s Web3 Services now support Solana, starting with Programmable Wallets and Gas Station. These tools simplify blockchain development by offering secure, multi-chain wallets and sponsoring transaction fees. This expansion supports Solana’s growing developer community and aligns with Circle’s mission to enhance global economic prosperity through seamless value exchange. Read more about it in this article.
SolanaFM Launches Explorer 2.0.0
SolanaFM has launched Explorer 2.0.0, featuring over 50 enhancements including major performance improvements. Transactions for wallets, tokens, and programs now load 150% to 250% faster. Users can manage tags and labels, track whales and traders, and view transaction histories with the new transaction calendar. These updates aim to provide a more responsive and user-friendly experience. Read more about it in this X Thread.
In summary, Solana sees major updates: Pyth launches a pull oracle for better price reliability, Marinade launches Season 3 for mSOL liquidity, Solana Pay upgrades Shopify crypto payments, Circle introduces Web3 services with Programmable Wallets, and SolanaFM debuts Explorer 2.0.0 for faster transactions. These advancements underscore Solana's ongoing commitment to innovation and user experience enhancement.
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
Telegram Announcements — https://t.me/SolanaPrimeAnnouncement
Discord — https://discord.gg/pAMHcwh6MX
Medium — https://medium.com/solanaprime
Twitter — https://twitter.com/solana_prime
LinkedIn — https://www.linkedin.com/company/solanaprime
