SHILL Issue 145

SOLANA NFT/DEFI/X ECOSYSTEM

Editor 

Art:Tech 

$CWIF 

Jup Deepdive 

Fluxbeam 

ExchgART NFTs 

Dev Talk 

McDegens 

p5js 

Solarplex 

Mallow NFTs 

Populus 

Studio Captain 

Uke Uke 

Solarplex 

Pyth Thesis 

Poetry's Not Dead

Babbage_86

Navigating the Crypto Frontier: #SHILLzine Issue 145 

Welcome to Issue 145 of #SHILLzine, marking the conclusion of an eventful January in 2024 in the ever-evolving 

blockchain landscape. It's been a rollercoaster ride, with surprises and disruptions that remind us why the world of 

cryptocurrency is often compared to the wild west. 

Crypto World's Rollercoaster Ride: Hopes and Shocks 

The year began with high hopes pinned on the approval of a Bitcoin ETF in the United States. However, the crypto space 

never fails to keep us on our toes. Just when anticipation was at its peak, a couple of billion dollars worth of BTC held 

by FTX were abruptly sold off, sending shockwaves through the market. It's a stark reminder that, in this unpredictable 

frontier, even the most anticipated events can be overshadowed by unforeseen developments. 

SolarPlex: A Growing Oasis in the Blockchain Desert 

Amidst the turbulence, the blockchain community over on SolarPlex has been thriving. It's becoming a vibrant hub worth 

visiting daily. Our SolarPlex NFT section within #SHILLzine is a testament to the wealth of activity taking place there. 

Notably, many NFTs are being offered for FREE, mirroring the spirit of this issue of #SHILLzine, which you can enjoy at no 

cost. With a simple click, you can mint these NFTs directly to your wallet while immersing yourself in the content. 

Shifting Narratives: From Memes to Airdrops and Staking Rewards 

The narrative across the crypto space is gradually moving away from meme coins, although they still enjoy their moment 

in the spotlight. As we near the end of January, the focus has shifted towards airdrops and staking rewards. The highly 

anticipated Jupiter airdrop has captured the attention of many, while Pyth recently unlocked staking options with the 

potential for rewards. Additionally, Fluxbot is offering a piece of the action to those holding 1000+ of their tokens – you 

can find more details in this issue. 

A Bounty of Solana Insights: 150 Pages, 100 NFTs, and Alpha Galore 

Issue 145 packs over 150 pages brimming with Solana goodness. Explore more than 100 NFTs, each with its unique story 

to discover. Dive into nine engaging articles, and yes, there's alpha to be found within these pages! 

Our journey begins with an enlightening interview by DAMzine with Art:tech, providing insights into the creative process, 

thoughts, and reasoning behind their captivating creations. We also uncover the story of Studio Captain, a prominent 

figure in the Solana community. And don't forget P5js, carried over from the last issue – we're eager to see our readers 

harness the power of this tool to create something truly remarkable. 

A Farewell Poetry's Not Dead 

SentientShapes returns to grace us with her final piece in the "Poetry's Not Dead" series. Having contributed to 

#SHILLzine for nearly a year, SentientShapes is a true talent in the Solana space, deserving of more accolades than we 

can give. 

Unlocking Alpha: A Deeper Dive into Promising Tokens 

Curious about alpha? AndrewSaul provides an in-depth analysis of $CWIF. This token stands out with its unique plan to 

increase the rate of total supply burn as it sees more usage and purchases. Let Andrew guide you through the intricacies. 

We also provide a comprehensive Jupiter deep dive and a thesis on Pyth, empowering you with the knowledge needed 

to make informed investment decisions. 

Enjoy the Journey and Explore SolarPlex 

There you have it – a comprehensive exploration of the Solana ecosystem that you may have missed during the week's 

whirlwind events. Now, it's time to flip through the pages, soak it all in, and discover the gems within. We hope you 

thoroughly enjoy this issue. 

And if you're looking for a little extra dose of Solana goodness, make sure to drop by SolarPlex. It's a flourishing 

community that truly makes the journey worthwhile. Here's to navigating the crypto frontier together – exciting times 

ahead! 

Pixeltoy.

DRiP codes: 

EuRxC7Lb 

7qPDFx7s 

EMYnY49X 

Solarplex codes: 

https://www.solarplex.xyz/creator/pixeltoy 

Floor codes: 

SSFJ84 

PFGQ7E

DowngrApes 111Anons 

Dandies

@dam_zine w/ @arttech_nft 

How did your journey in digital fine art begin? 

“I remember attending an Adobe graphic design short 

course back in 2000 and got introduced to Macs, Photoshop, 

and Illustrator. However, it wasn’t until 2003, 

during my college years studying Interactive Multimedia, 

that I began posting my work on design forums 

and Myspace. This marks the start of my journey as an 

‘artist/designer.’ Initially, I used the computer primarily 

for design-based artworks, while my ‘arts’ remained 

hand-drawn with pencil and pen on paper. It wasn’t 

until I purchased a scanner around the same year that 

I started combining traditional and digital elements. 

I continued this method until 2021 when my scanner 

broke down, leading me to switch to a drawing tablet. 

With the shift to NFTs, most of my works are now 

100% digital, aligning with the digital-native space. 

Over the years, my art style and purpose matured. But 

struggling to fit the traditional gallery definition of fine 

art, which often requires physical creations, so I coined 

the term “Digital Fine Art” to describe my work.” 

As a filmmaker, how does your approach differ when 

working on digital projects compared to traditional 

film? 

“I think video/film production is more rigid in terms 

of workflow and creative freedom. I am restricted by 

various factors, mainly time and budget. While there is 

freedom in conceptualizing and conveying messages, 

it’s limited in terms of production quality and flexibility 

to changes. Unlike drawing, where I can always refine 

or add more details, video production binds me to 

what we managed to shoot within the limited time and 

budget for post-production. Therefore, in video/film, I 

tend to be more organized and make decisions earlier 

in the pre-production stage. On the other hand, producing 

art allows me total freedom to create whenever 

and whatever. The commonality between both lies in 

the initial creative process, requiring a mind map and a 

defined purpose to begin.” 

scene 

Exchange Art 

Being a musician as well, how do you find that synergy 

between your music and visual art? Does one influence 

the other? 

“This is one of the things I’ve been struggling with. In 

a perfect reality, I would be in a band that sounds like 

the soundtrack to my art pieces. But so far, I haven’t 

found any musicians, that I know of, that have the 

same vision and soul as my visual arts. So for now, I 

would say that they are a separate thing, and they 

don’t influence each other. I’d like to think that I am 

playing a few alter-egos. One as an anonymous visual 

artist, one as a film director/designer, one as a drummer 

in a post-hardcore band, and one as a father. 

The good thing is, I enjoy having many options to express 

my creative flow. I enjoy doing intricate visual art 

pieces. And I enjoy playing drums and doing the whole 

branding and design work for the band.” 

8 SHILL Issue #145

Exchange Art 

You’ve mentioned influence by artist @MarkRyden, who I’m hoping most are familiar with, who else has been a big influence 

on your work, and in what ways do you incorporate their influence into you? 

“I believe that originality only means a good remix of influences. For me, I don’t really have a specific artist to be cited as 

my main influence (I actively avoid having any, and I am bad with remembering names anyway). I would put it like this; I 

have a vast visual library in my mind, and Mark Ryden is only one of the few that I can remember vividly. But as you can 

see, my art looks nothing like his stuff. If I were to make a list, I would say aesthetically, it’s a visual remix of master painters 

(Bosch, Michelangelo, Fra Angelico, Dali, etc.), pop-surrealist artists (Mark Ryden, Alex Gross, Interesnikazki brothers, 

etc.), religious arts/traditional cultures (Christian Iconography, old Islamic arts, Hinduism, Chinese, Japanese, Malay,

Arab, etc.), Films (Holy Mountain, The Imaginarium Of 

Doctor Parnasus, The Fall, etc.) and Dragon Ball. I think the 

main drive of my work is actually the content. The visual 

aesthetic is just a means to a goal.” 

You’ve worked on moulding projects based on characters 

from your digital art. Can you delve into this a bit more? 

“It’s been a dream of mine to turn the characters in my art 

into physical sculptures or designer toys. Due to budget 

constraints, I’m crowdfunding this through NFTs. After consulting 

with the 3D sculptor and printer, I chose NARATU 

for its simple design as a starter—a proof of concept to 

assess the quality. I listed 20 editions of NARATU at 1 sol 

each, needing to sell at least half for production. Final 

costs may vary based on complexity, and shipping costs 

depend on the collector’s location. The total cost will be 

known once production is complete, but 1 sol should cover 

the sculpture, with collectors covering shipping.” 

With the intersection of art and technology, how do you 

envision the future of your work both on and off the blockchain? 

“I’ve been questioning this as well: What does the future 

mean for us artists? I got into NFTs because I want my 

art to live beyond my lifetime; physicals might get lost or 

damaged over the decades. But I have a problem figuring 

out how people from the future will discover my art. 

Considering the vast amount of information added to the 

internet every second, I can’t help but think my art might 

get buried and forgotten under the massive mountain of 

algorithm-driven digital junk. We are already struggling to 

keep our presence in today’s algorithm war; how will it be 

in 100 years? It feels like we need a centralized organization 

for digital arts. 

Another inevitable thing to consider is Artificial Intelligence. 

Although I have not utilized AI in my visual process, 

I tend to embrace it. We’ve been offloading human brain 

functions to external devices for decades (think calculator, 

word search, phone books, etc.). So I look at AI as 

my brainstorming partner, offloading and enhancing part 

of the creative process. It’s like having a super-efficient 

assistant who can bounce ideas with me in seconds and 

take visual ideas to a whole new level. I see a future where 

physical art will be a luxury; true artisans will be scarce. 

Even physical arts might be created with the assistance of 

AI, either in the initial creative process or the post-process 

(e.g., descriptions and essays - As a non-native English 

speaker, I’m using ChatGPT to help with this interview.). 

What I’m trying to say is, I think AI will be a norm in the future, 

just like the internet. And I believe it’s a crucial tool, 

especially for those who are disabled; it will give them

the much needed ability to express their imagination and 

creativity.” 

Lastly, what advice would you give anyone coming into the 

space? 

“Get involved with the community. Be ready to get disappointed. 

And keep pushing through. 

It’s a super-fast space; attention switches almost every 

second. It’s not for everyone. Build good relationships with 

people, find your tribe, and it’ll be easier to ride. Most 

importantly, be true to yourself, and have fun while at it!”

The Hattest of Cats 

andrewsaul 

https://www.solarplex.xyz/profile/andrewsaul.live.solarplex.xyz 

Let’s get started with some background on this token. 


Dogs + Hats 

By now you should’ve all seen the memecoin $WIF (dogwifhat). 

https://coinmarketcap.com/currencies/dogwifhat/ 

https://dogwifcoin.org/ 

Much like we saw with $BONK before, the Solana ecosystem 

has embraced the $WIF as one of their own. 

Even at the highest levels. 

https://x.com/_ilmoi/status/1747780102484525243?s=20 

https://x.com/DriftProtocol/status/1747725482446201153?s=20 

https://x.com/aeyakovenko/status/1748057126269055077?s=20 

Hats for Everyone! 

So, with all this hat meme-coin-ery the inevitable onslaught 

of copycats has emerged...

Burn Burn Burn 

The mechanism here is simple at heart. There’s a 4% token 

burn on every transaction $CWIF is part of. 

Sell, Buy, or Transfer all incur this fee. 

https://t.me/catwifhatonsol 

In some senses, $CWIF is just another of these. 

But not entirely. 

$CWIF is a token2022 standard. That enables a host of new 

functionality to be built into the token as defaults. 

https://www.catwifhatsolana.com/ 

$BERN was the first token2022 token on Solana. This 

blog post from Helius is a great explainer of how this 

token standard works https://www.helius.dev/blog/ 

what-is-token-2022 

Over time this results in the supply of $CWIF decreasing. 

https://x.com/catwifhatsolana/status/1748385557317582918?s=20 

Which has a lot of meme-potential as you can imagine 

(and cats with hats was already a deep well of 

inspiration)

The $CWIF team 

The team behind the project is small but has been really 

active in using airdrops and contests to help drive more 

awareness of the token and its unique properties. 



$CWIF Links 

Twitter: https://twitter.com/catwifhatsolana - @catwifhatsolana 

Website https://catwifhatsolana.com 

Chart https://birdeye.so/token/7atgF8KQo4wJrD5ATGX7t- 

1V2zVvykPJbFfNeVf1icFv1?chain=solana 

Swap on Jupiter https://jup.ag/swap/SOL-7atgF8KQo4wJr- 

D5ATGX7t1V2zVvykPJbFfNeVf1icFv1 

Swap on Raydium https://raydium.io/swap/?inputCurrency=sol&outputCurrency=7atgF8KQo4wJrD5ATGX7t1V2zVvykPJbFfNeVf1icFv1&fixed=in 


Add 1:1 $SOL to #CWIF liquidity on FluxBeam DEX: https:// 

fluxbeam.xyz/app/liquidity 

Telegram https://t.me/catwifhatonsol

Aylo 

https://substack.com/@alphapls 

https://twitter.com/alpha_pls 

Following the tremendous success of the last Jito airdrop, 

valued at more than $450 million at its peak, the 

next one on the list is JUP, the token behind Jupiter - a 

key DeFi aggregator on Solana. 

Scheduled for January 31st, this airdrop is the most 

highly anticipated one in Solana’s history. 

What sets Jupiter apart? Will JUP live up to its promises? 

At what price should we sell? Or when should we 

buy more? 

In this report, I’ll delve into everything you need to 

know about Jupiter’s product line, future plans and the 

potential opportunities presented by the JUP airdrop. 

Source: Jupiter Exchange 

Jupiter’s growth was exceptional in 2023, with monthly 

volume surging approximately tenfold (10x) - from 

$650M in January to an impressive $7.1B in December. 

Notably, November marked an all time high with 

monthly volume exceeding $16 billion following the 

announcement of the JUP token at Breakpoint. 

This research was done in collaboration with Swissborg 

Jupiter - The One Stop Shop for DeFi on Solana 

Since its inception in October 2021, Jupiter has consistently 

pursued its vision of building the best decentralized 

trading experience on Solana. The platform 

achieves this by aggregating various DeFi features into 

a single app, and with the most seamless user experience 

possible. 

Though Jupiter was initially conceived as a swap engine, 

the protocol has evolved significantly to include 

several different products for different kinds of users 

such as: Dollar-Cost Averaging (DCA), limit orders, perpetual 

trading, and, most recently, a launchpad. 

In my opinion, the DCA tool is probably the best product 

in DeFi right now. 

For context Uniswap’s monthly volume in the same 

time fluctuated from $17.4 billion in its lowest month 

to over $70 billion in its highest month. 

Now, with over $66.5 billion in trading volume and 

over 1.2 million transactions processed to date, Jupiter 

has become a critical layer of the Solana ecosystem. 

It accounts for over 70% of organic volume among all 

Solana DEX, establishing itself as the platform of reference 

for retail traders on Solana. 


JUP - The symbol of DeFi 2.0 

The JUP token marks a significant milestone in Jupiter’s 

development and ethos. Much like UNI, the governance 

token of Uniswap, symbolized the first wave of DeFi on 

Ethereum, JUP aspires to embody the essence of DeFi 2.0 

on Solana. 

Designed as a governance token, JUP will allow holders to 

influence crucial aspects of the ecosystem. This includes 

voting on the critical aspects of the token itself, such as 

the timing of initial liquidity provision, future emissions 

beyond the initial mint, and key ecosystem initiatives. 

Source: Dune Analytics 

Nonetheless, Jupiter remains dedicated to continuous 

innovation, aiming to improve existing features and introduce 

new products aligned with its three main business 

model anchors: 

• Delivering the best UX possible 

• Maximizing the potential of Solana’s technical 

capabilities 

• Improving Solana’s liquidity landscape as a whole 

Given its unique position, I believe that Jupiter is a bet on 

two things: 

1. Solana’s long-term adoption: 2023 was a year of 

rebirth for Solana as network activity picked up. I 

believe that it is well-positioned to continue growing 

and take a larger share of the L1 market. This 

could benefit Jupiter. 

2. DeFi going mainstream: The future of trading 

is on-chain, and even CEOs of large traditional 

finance institutions, like Larry Fink, are beginning 

to talk about the “tokenization of every financial 

asset.” Hence, it doesn’t seem too far-fetched to 

think that Jupiter could facilitate this transition. 

Source: Jupiter exchange 

The key objectives of the token are: 

• Energizing the Solana ecosystem by attracting new 

capital flows and users. 

• Generating momentum for the launch of new ecosystem 

tokens: JUP is poised to act as a catalyst for 

the introduction of more ecosystem tokens. 

• Build a Strong and Distributed JUP Community. 

As outlined by the pseudonymous co-founder Meow, JUP 

aspires to establish “the most effective, forward looking, 

decentralized, non-insider voting DAO in [the] history of 

DAOs.” 

Furthermore, the utility of JUP will evolve over time depending 

on the direction taken by the community. Potential 

future utility for the token could include: 

• Fee reduction on the perpetual exchange. 

• Improved access and allocation to the launchpad. 

• Fee sharing on the Automated Market Maker 

(AMM). 

However, Meow has made it clear they won’t be turning 

on revenue sharing until they have 10x their user base at 

least. 

The recent announcement of the JUP token further exemplifies 

Jupiter’s strategic step in that direction. 

Tokenomics 

Tokenomics reflect the ethos of a project and Jupiter vision 

is to make it as simple as possible. With a max. supply of 

10 billion JUP, the token distribution is equally split between 

2 cold wallets - the team wallet, and the community 

wallet. The team wallet will be used for allocations for the 

current team, treasury, and liquidity provision, while the 

community wallet is geared towards airdrops and various 

early contributors.

Using the reference price (Ref Price) of the first quoted 

price on Binance (after the initial market volatility) of 

$2.13, this is a summary of the price action of JTO upon 

launch: 

Airdrop Breakdown 

The first round of airdrop is scheduled for January 31st, 

with 10% of the total supply initially distributed among 

the community. The breakdown of the airdrop will be as 

follows: 

1. Even distribution for all wallets (2%): 

200 million tokens will be evenly distributed among all 

users who used Jupiter before November 2nd 2023 This 

equates to approximately 200 JUP per user. 

2. Tiered score-based distribution, with score based 

on non-adjusted volume (7%): 

The distribution will look approximately like this: 

• Tier 1: Top 2,000 users, 100,000 tokens each (estimated 

>1M trading vol) 

• Tier 2: Next 10,000 users, 20,000 tokens each (estimated 

> 100K trading vol) 


> 10K trading vol) 


>1K trading vol) 

3. Community members on discord, twitter, developers 

(1%): 

100 million tokens will be allocated to the most valuable 

contributors and community members. 

There will be three more rounds of airdrops in the future. 

JUP Token Valuation - Comparison with JTO 

One common question that arises with new airdrops is 

determining the fair value of the token. 

While there are no straightforward ways to answer this 

question for JUP, one approach could be to conduct a 

comparative analysis based on the last recent airdrop on 

Solana: the JTO token. 

JTO serves as the governance token of Jito lab, a liquid 

staking platform built on Solana. This airdrop distributed 

10% of JTO supply to approximately 10,000 users. At its 

peak the value of the airdrop exceeded $450 million. 

JTO price analysis 

Source: Binance 

A few trends from this table: 

• Initially, during the first trading day, the token 

price exhibited strong volatility fluctuation from 

$1.74 to $3.77. Moreover, the price spent 83% of 

its time trading higher than the initial quoted price 

of $2.13 

• Additionally, it is worth noting that the first week 

of trading was positive for JTO. The token traded 

over 97% of the time above its reference price and 

reached an all-time high (ATH) of $4.45. 

Now looking at the percentage of time spent in different 

price zones, we see that JTO did not spend a lot of time on 

its ATH level as only 0.18x of time was spent above a 2x 

from the reference price of $2.13. 

Moreover, we also see that JTO didn’t experience any 

drawdown of more than 50% with respect to the first 

quoted price. Further it only spent around 8.6% of its time 

at a drawdown superior to 25%.

While the price action of JUP may not necessarily mirror 

the path of JTO, you can draw some assumptions: 

• The initial trading day of JUP is expected to be 

highly volatile, potentially providing opportunities 

for short-term traders. 

• The launch of JUP could generate significant 

excitement with a potential local peak in the first 

week of trading. A rapid increase, surpassing twice 

the initial quoted price, might signal a selling opportunity. 

• Conversely, a drawdown exceeding 50% from its 

initial quoted price could be interpreted as a buying 

opportunity. 

An “Overbought” Indicator - The JTO FDV / LDO FDV ratio 

Jito is like the Lido protocol. Their key distinction is that 

Jito is on Solana whereas Lido is on Ethereum. Therefore, 

when JTO was launched, a sound approach to pricing the 

token involved looking at the relationship between JTO 

Fully Diluted Valuation (FDV) and LDO’s (the governance 

token of Lido) FDV. This comparison allowed us to gauge 

how the market was valuing JTO in relation to its counterpart 

on Ethereum. 

This is the JTO FDV / LDO FDV ratio over time since the 

inception of JTO: 

Given that Jupiter operates as the largest decentralized 

exchange (DEX) on Solana, with features such as Automated 

Market Maker (AMM), DCA, perpetual trading, 

and launchpad opportunities, finding a single project on 

Ethereum with a comparable scope is challenging. Consequently, 

I decided the combination of Uniswap, dYdX, and 

DAO Maker can be interpreted as the closest peers for JUP. 

Hence, their Fully Diluted Valuations (FDV) can be summed 

for comparison. At the time of writing, the combined FDV 

of their respective tokens: UNI, dYdX, and MKR is around 

$10,04 billion. 

We can utilize this combined FDV figure, along with various 

key levels of the JTO/LDO FDV ratio, to estimate the JUP 

price in different scenarios. 

Source: Binance 

By employing this same relative valuation analysis, we can 

have these key price levels to improve decision making 

upon the airdrop: 

However, it is important to note that the daily Beta of JTO 

to Solana is relatively high at 0.86. Hence, JTO price movement 

closely follows that of Solana, and it is likely that 

JUP will follow the same pattern. Therefore, the current 

market conditions can significantly influence the hype 

generated by this airdrop. 

At the time of writing, Solana is trading at $80-82, down 

from the $120-130 levels. This represents a dip of more 

than 30%, signalling that the market conditions may not be 

as bullish as during the JTO airdrop. 

We observe that upon its launch, JTO quickly traded above 

LDO FDV, reaching a ratio of nearly 1.9, indicating double 

the FDV of LDO. However, this spike likely reflected a peak 

of euphoria and the market quickly repriced JTO to lower 

levels. In the subsequent weeks, the JTO to LDO FDV ratio 

trended downward until the 0.4 mark where it rebounded 

strongly to the 0.7-0.8 levels. By now, it seems that the 

market has finally settled on a fair value around this range. 

This aligns closely with its average over the past months, 

which stood at 0.9. 

We can conclude that for JTO, a ratio of over 1.6 represented 

a clear overbought signal whereas 0.4 represented a 

strong oversold signal. 

Applying this Valuation to JUP 

In the same way that LDO served as a relative peer for 

JTO, we need to find an anchor of comparison for JUP on 

Ethereum. 

When comparing the month prior to the JTO airdrop to the 

recent SOL price, it is evident that the market conditions 

have changed. Therefore, it seems reasonable to argue 

that this could have a negative effect on the price of JUP. 

Potential Airdrop Reward

Can this airdrop be as big as the JTO one? Let’s analyse this together. 

If we refer ourselves to the different reward given to each tier, we can derive the potential airdrop potential of JUP for a 

given price: 

Source: Jupiter Exchange 

In contrast, this is what JTO reward looked like for the different tier and at different key prices: 

Source: Jito Labs 

Even at an all-time-low price of $1.323, the size of the JTO airdrop for each respective tiers was consequently higher 

than the potential reward for the JUP airdrop, even at a price of $2, which surpasses our valuation for JUP ($20,000 v/s 

$2,000). 

To illustrate, for the lowest JUP tiers to match the reward of the lowest JTO tiers at its historic low price, JUP would need 

to trade at over $20. This would imply a FDV of $200 billion, a figure which is totally unrealistic. 

However, it is essential to highlight that the JTO airdrop was concentrated among only 10,000 users, whereas JUP is 

distributing its token to nearly 1 million users. This also meant that there were many buyers on the sidelines for JTO that 

wanted exposure, whereas JUP is being distributed far and wide, so there may be less buyers initially. 

The market was also not anticipating JTO would end up at such a large market cap, and it seems the expectations around 

JUP are very large, so that is also a key difference that should be considered. When everyone is expecting the same 

thing, it rarely plays out that way. 

Consequently, although the JUP airdrop might not offer as substantial rewards to individual users as the JTO airdrop, its 

broader impact on a larger user base makes it a crucial and potentially one of the most significant airdrops in Solana to 

date. 

It is very likely that we see a significant increase in on-chain activity post JUP. It will act as a stimulus check for many, and 

it is very common behaviour for degens to move further out on the risk curve to chase higher returns with what they 

deem “free money” from JUP. 

Finally, SOL should also likely benefit from the increased buying pressure as people take profit from JUP into SOL, but it’s 

clear the market is much less bullish in the short term, so it’s hard to gauge how well SOL may do on lower time frames 

as a result.

cthulhu

cthulhu

famous letters

famous letters

mom_corp

guskala

dakimici

dakimici

eaperz society

eaperz society

dadaddyuknow

dadaddyuknow

tbolz

phantom society

0xskurtarlxrip_

artisteezus

aadrika

aadrika

accessmemory

accessmemory

eissu

ett colby

abbage86

abbage86

asteryx

degens art by finito

artberines

hats

designz

designz

fikrihaikalabs

jakewhiskey

getto

getto

mine evren ertugrul

morbidmachine

morbidmachine

maxuga miller

maxuga miller

0-art

vi

secret sol society

secret sol society

the black budget

the black budget

peerkriesel

URS

Mike Hale 

Speedrun 2 Game Jam and Shyft GraphQL 

Speedrun 2 Game Jam 

Back in Issue #12 I shared the first Solana Speedrun Game Jam hosted by Magicblock and LamportDAO. 

Well get ready for another chance to build the next great on-chain game with Speedrun 2 running from Dec 12th 

to Dec 17th with $10k in prizes. 

Once again developers will have a limited time to create a game from scratch based on a given theme that is 

Solana integrated or fully on-chain. 

If you’re going to participate here’s Your Playbook to Win Solana Speedrun. 

Solana Speedrun 2 Game Jam 

Solana Developer News 

Shyft GraphQL Program APIs 

Getting program data with getProgramAccounts() isn’t ideal due to performance issues, no pagination, and limited 

filters. Shyft GraphQL Program APIs let you query mainnet and devnet program using GraphQL. 

SPL & Token22 support for Helius DAS API 

The Helius DAS API now works with all tokens on Solana (NFTs, cNFTs, pNFTs, SPL Tokens, and Token22) with a 

single, unified API. The API calls also return USDC prices for tokens without additional price API calls, filter by 

token types, and automatically parse Token22 extensions. 

Quick Hits 

Create a Flutter app using Solana (Series) - YouTube 

Updated guide to getting started on Solana - @therealchaseeb 

UMI: A Solana Framework for TypeScript - YouTube 

Gib.Work GitHub issue bounty platform in private beta - Apply 

Tutorial: How to create an on-chain game in 10 minutes - YouTube 


Listen to This 

Solfate Podcast 

Dean’s List is a services DAO, meaning their members offer various services to the broader Solana community including 

detailed product feedback and marketing services. 

Dimitris (aka Takisoul), contributing member of Dean’s List DAO and AthensDAOx, shares the overarching visions that 

the Dean’s List DAO is perusing, progressing towards a network state of citizens that are able to earn a living wage. With 

their current members of about 55 people, each is earning an average of +$2k a month this year. 

Also discussed are the logistical concerns for managing various aspects of a DAO in the current world. Including who 

handles payments for non-crypto payments and who manages the social media accounts for a DAO. 

Dean’s List DAO: Services DAO that hosts AthensDAO (feat. Takisoul) 

Lightspeed 

Emon Motamedi joins us to discuss how Solana Labs hopes to find the next killer app. Emon leads product at Solana Labs 

and is the founder of Reddit’s Digital Currency team. In this episode, we discuss Solana Labs’ new incubator, finding the 

next killer app, multichain strategies, what crypto teams get wrong and more! 

Finding Solana’s Next Killer App | Emon Motamedi (Solana Labs) 

“Grow The Pie”: Jupiter Start 

One of the biggest challenges faced by new projects is gaining visibility and trust in the crowded and competitive Solana 

ecosystem. 

Jupiter Start provides these projects with a platform to showcase their ideas, tokenomics, and other project information 

to foster growth, trust, community engagement, and education within the Solana ecosystem with the community playing 

a crucial role in proposing and vetting projects. 

The five aspects of Jupiter Start are: 

1. Jup Community Introductions: A platform for new projects to be introduced to the Jupiter community, where 

they can share key information about their project, including tokenomics and distribution of ownership. 

2. Jup Prelisting: Allows new tokens to be safely traded on Jupiter. This feature includes early token listing on the 

platform, with necessary user warnings due to potential low liquidity of new tokens. 

3. Jup Educate: Focuses on educating traders and users about significant projects in the Solana ecosystem. It 

includes featuring projects on Jupiter’s social media and website, and rewarding users for engaging with educational 

content. 

4. Jup Launchpad: A future initiative to help projects launch their tokens and gain community support. This aspect 

is more funding-oriented. 

5. Jup Atlas: Another future component related to funding, aimed at allowing the community to participate in seed 

funding for early-stage projects, akin to VC-style investments. 

This program not only helps projects overcome the challenges of visibility and trust, but also contributes to the sustainability 

of the Solana ecosystem. 

“Grow The Pie” Update 2: Jupiter Start

https://twitter.com/CoinCrafty 

My first thread is about an interesting project I came across. Let’s dive in and see what it’s all about. Fluxbeam/ 

Fluxbot $FLUXB 

@FluxBeamDEX 

What is Fluxbeam/Fluxbot? 

Fluxbot is Solana’s #1 Telegram trading bot. It facilitates the next generation trading with lightning-fast swaps 

and snipers allowing users to buy and sell tokens across Solana, including for Token 2022/SPL+ Tokens. Fluxbot 

features advanced algorithms and robust infrastructure with a built in AI assistant and rug check. 

Any cool Features? 

- Token Swap Instantly buy & sell tokens across Solana including Token22. Utilizing Jup. Ag for optimal swap 

routes ensuring you always get the best price. 

- Al Assistant Simply type your request & let our Al build the optimal set of transactions. - Token Sniper Snipe 

tokens as soon as they launch across FluxBeam & Raydium (Including Token22), backed by RugCheck token verification. 

- Limit Orders Buy & Sell tokens at a specific price, executed with precision across all of Solana. - Dollar Cost Averaging 

Buy & Sell tokens over a period of time. 

- Copy Trader Copy trade other wallets in real-time as they make trades across the Solana ecosystem. - Lending & 

Borrowing Lend or borrow to earn passive APR with the power of MarginFi. 

- Real-time Notifications Receive instant notifications around any on-chain activity on your wallet. 

How to get started? (see screenshots on the bottom) 

1. Open your Telegram 

2. Search for “@fluxbeam_bot” 

3. Press “start” 

Alternatively, you can join via my referral link: https://t.me/fluxbeam_bot?start=TTime12… 

Note: Beware of fake groups and make sure you typed it in correctly. 

For further instructions please watch the video below: https://youtu.be/nAa3IOLQg-A 

Tokenomics 

- Total Supply - 500,000,000 (500m) - Initial Circulating Supply - 400,000,000 (400m) - Tax - 3% Solana - Tax - 3% - 

Hold 1,000 $FLUXB tokens or more to be entitled to Reflections. 

Reflections 

3% tax on $FLUXB token is reflected as follows: - 50% to Holders - 25% to LP - 25% to team & operating expenses. 

- 40% of FluxBot service fees to Holders. 

Where can the $FLUXB token be purchased? 

Centralised exchange (CEX): BingX, BitMart, Toobit Decentralised exchange (DEX): Jupiter DEX via Phantom wallet. 

Telegram via newly created wallet or via linked existing Solana wallet. 


Any additional infos? 

Fluxbot was the winner of the Hyperdrive Hackathon at Solana Breakpoint 2023 and is backed by the Solana Foundation. 

Closing thoughts 

It’s a great concept and one of the first of its kind that’s seamless integrated into Telegram. I wouldn’t use the platform 

myself but it makes it much easier for newbies to interact with a DEX. At ~$20M Market cap, it has some short-term 

upside potential and could gain some decent traction for a big pump but besides that there is no real utility for the token 

itself which means, it would most certainly dump hard once it has pumped. I want to see the team coming up with some 

great token utility and bigger incentive to hold before even considering this token for a medium-term holding position. 

Disclaimer 

Nevertheless, don’t risk a lot of money and only invest money you can afford to lose. I’m not a financial advisor and 

therefore everything from my side is strictly no financial advice (NFA). Do your own research (DYOR) before investing in 

any project. This article is for educational and entertainment purpose only. 

Links https://fluxbot.xyz https://t.me/fluxbeam_bot?start=TTime12…

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McSwap 1.4 (beta) was just pushed live! 

Now supports SPL Tokens and both cNFT & NFT trades. 

When you need trustless, private, p2p asset trades, you McSwap. 


Use ours, or host and brand your own. https://mcswap.xyz #Trustless #NFT #CNFT $SOL #Solana By 

@McDegensDAO

@subaruimpreza09 

I had so much fun creating this generative algorithm in #p5js It’s blockchain and AI inspired, with each NFT representing 

the block it was minted in. Read on for the story behind my submission or skim through to see some 

outputs. 

I started with the mental image of a motherboard as my inspiration. A motherboard is the central circuit within a 

computer, and the idea itself sort of acts as the motherboard of this algorithm. 


The overlapping shapes represent the way that data are integrated 

in a computational model. For example, a model 

like ChatGPT uses learned relationships between words to 

dictate its attention to variables. These relationships can 

be represented in a 2D space as distance. 

The vote authority keypair and its sum determine the 

amount and size of vertical and horizontal glitch. It represents 

the challenges of receiving a bombardment of 

inputs, just like a voting authority, and can be extended to 

humans living in this age of big data. 

The first character of a blockhash determines the number 

and placement of shapes. The sum of characters determines 

color properties. These two variables dictate the 

overall look and feel of the piece, like how a blockchain 

describes a general sequence of events. 

Overall, the collection is unified in its color scheme, making 

it a cohesive ONE whole: it could depict one community, 

one transaction, one set of mints (as is the case here), 

one idea, one network, one blockchain.

I loved reflecting on the prompt and collaborating with my machine to make the final product.

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@0xGumshoe 

PYTH THESIS Celestia, Chainlink...and now Pyth? Why I’m increasingly confident 

that PYTH will have its moment: 

Airdrop Narrative Meta 

It is clear by now that incentivising users through airdrops works and attracts 

Billions of $ There’s no better narrative for Oracles than the airdrop narrative, 

otherwise, they are not interesting enough for Retail 

Chainlink 

Chainlink is an oracle network that facilitates smart contracts on blockchain 

platforms to securely interact with real-world data, external APIs, and payment 

systems. LINK has confirmed to be providing incentives for its Stakers PYTH will 

have to do the same IMO 


Pyth vs Chainlink 

Pyth uses first-party data that comes from exchanges, trading firms and financial institutions, while Chainlink sources 

some data from third-party data aggregators. It is also available in way more blockchains than LINK, which opens up 

more opportunities 

Why PYTH is a better play than LINK 

- LINK staking is capped and fully allocated 

- No window for when caps will rise which means 

- No one can stake LINK atm 

This opens up another opportunity for PYTH to take the lead in the airdrop race h/t @alpha_pls for the insight! 

PYTH Airdrops 

No airdrops have been confirmed although the speculation alone is giving it a lot of strength Stakers have increased from 

9K to over 60K in just a week. 

Gumshoe @0xGumshoe 

Rumour spreading that staking PYTH might be a good play to farm airdrops from other chains Why does it make 

sense? - Pyth is an oracle for dozens of blockchains - $PYTH airdrop was given to users of different chains Potential Airdrops 

- PYTH partners - ETH L2s - Things like… 

Show more 

Potential Airdrops 

- Tokenless SOL projects with confirmed Airdrops 

- New L1s & L2s 

- Any tokenless/new protocol that is launched in supported chains 

PYTH Price Target 

Not thinking about this until we have the first airdrop confirmed, that’s when things reprice quickly. This is obviously a 

RISKY trade so don’t just buy at any price, be strict.

https://twitter.com/StudioCaptain1 

A little bit about me, Studio Captain. 

My name is Stefan and I’m from the Netherlands. 

Living here with my 2 kids, their lovely mother, and a cat. I have a bachelor’s degree in design at the Academy for 

Popculture and have been a freelancer for about 14 years now. 

My background is in prints, designing & printing them. I designed a lot of gigposters for bands and venues and 

then also screenprinted them myself. The idea of someone buying a design and/or having a print on their wall 

designed by me is what motivates me. 

That’s also why I try to sell most of my NFT’s with a fine art print. My working process is all about finding that 

right balance in a piece. I give myself some borders/rules to start with and then experiment a lot within those 

rules. Trying to find the right balance, the right amount of minimalism and the right amount of calm. 

I don’t sell big stories or concepts; my work is not about anything bigger than what you see or feel yourself. I just 

work on what I want, ‘unknowingly’ inspired by my studio and the music I listen to. 

Thanks for reading and remember never stop finding new shapes where no one else is looking! 


@ukeukenft 

As we get closer to fully minting out, let’s take a deep dive into what Uke Uke is as an ecosystem and our plans for 

the future. 

What is Uke Uke? 

Uke Uke is a brand; essentially focused in GameFi and 3D animation. We aim to deliver a series of minigames 

while also allowing users to enjoy 3d animated PFPs. With a profound understanding of storytelling and emotion 

we intend to breathe life into the Uke Uke universe through widely appealing animations. The artists behind Uke 

Uke In Uke Uke, we have an in-house art and animation studio. Our business scope includes 3D animation production, 

project planning, concept art, and motion graphics. Our studio started working on Uke Uke in January 2023, 

it has been a year since the idea came to life. 

@barismotion: VFX/ NFT animations/ Rigging 

@pivboi: Concept art/ Modelling/ Texturing 

@PolygonGhost3D: Animation/ Environment art/ Rigging/ Texturing (Previous work in the replies) 

What is your vision? 

Contrary to the common trend in WEB3 of neglecting either artistic design or functional longevity in games, our 

vision is distinct. We aim to create a lasting and visually captivating gaming experience through multiple game 

modes, appealing to a broader audience. Simultaneously, we acknowledge the challenge of branding and marketing. 

We are committed to addressing this by ensuring a strategic approach, that fits WEB3 in order to promote our 

games effectively while maintaining a strong focus on the IP development. 

What is your mission? 

We intend to build a successful IP, mainly by keeping users engaged with regular releases of content and Uke 

themed mini-games. The core aspects we intend to focus on for a successful delivery of the mission are 

- Story telling - Visual appeal - Brand consistency - Emotional connection - Entertainment - Community Building 

We mainly use animations and content to convey our brand and make a significant impact on our audience. Uke 

Uke? The name was specifically chosen for brand recognition. Establishing an emotional connection is crucial for 

building a strong brand, and animation is an excellent tool for eliciting emotions. Our goal is to have our animations 

evoke a meaningful emotional response. Brand consistency is paramount in delivering a brand message. We 

ensure that our animation style, tone, and visuals align consistently with our brand identity and the overarching 

theme of the Uke Uke universe. 

$SOUL Economic model 

We decided to sacrifice the short-term profitability for long term sustainability, How? Treasure chests. They are 

the foundation of all rewards in the Uke Uke ecosystem. One of the main problems of other gaming ecosystems, 

are the constant token emissions that eventually lead to a death spiral of the token, instead of releasing tokens 

directly to the users, we decided to try something new, give players NFTs which release tokens at a constant rate. 

Giving these NFTs intrinsic value and also fixing liquidity draining issues with the constant token emissions seen 

traditionally. 

Game progress 

Web socket server for the multiplayer map movement tracking has been completed, this was the most time 

consuming part of the game. We have moved on to the game mechanics and logic, testing will start February. We 

recently partnered with 

@PixelCoveStudio a pixel-based art studio set to provide assets for our upcoming game. They specialize in crafting 

a variety of visuals, from 1/1s to personalized banners and collections. 


POETRY’S NOT DEAD 

Poetry is the mechanism that makes it possible 

to turn language into art. The moment we 

capture through language paints a thousand 

pictures in the reader’s mind…poetry cannot be 

dead. 

Today we will be looking at The End. Yes, I know 

you remember the end of many things and as 

you begin to think about that time something 

ended you will likely feel the same feelings you 

had back then, with a cloudy look over your 

eyes, your mind’s eye will travel a distance 

unknown through space and time. As humans 

we are highly sensitive creatures that are 

connected to endings and beginnings all at once 

all of the time. And it’s quite in our nature to be as much as part of the end as we are a part of 

the beginning. 

The End 

it’s round & 

how it’s watching 

watching broken promises 

& to who 

as you lay aneath 

your death rattle 

you were too busy for your dreams 

coins on your eyes 

for your fare on the River Styx 

little circles 

reminding you 

that the current timeline has ended 

——be sure you write your 

story before you arrive 

at the ending 

As life changes so do the beginnings and endings that we experience. It’s much like the riddle of 

Sphinx…In the early morning of our lives we walk on 4 legs, and for many of our lives we will

walk on 2 legs, then as we age we will finally walk on 3 legs as at the end we will need 

something to lean on. 

Now–the riddle that the Sphinx gave Oedipus doesn’t always apply to everyone but the concept 

of the riddle applies to the ending (of course)...throughout life we change or we hopefully 

change. We become different things as we evolve & hopefully for the better. 

The riddle of the Sphinx always reminded me that one day things will end. And it wasn’t until 

much later I would learn the quote from Dr. Seuss “Don’t cry because it’s over. Smile because it 

happened.” Which is just another look into the poem you have read “The End”. 

As the writer I am heavily influenced by the work of The Suess but also influenced by many 

things in which I do not understand. As I travel along this artistic path, I hope the endeavor finds 

me on not only new beginnings but appreciated endings. 

Let the circles remind you that the end is merely another beginning…and from the words of The 

Pan…”To die will be an awfully big adventure.” and to rebound and quote other words from The 

Pan hisself…”To live will be an awfully big adventure”... 

Life is a choose your adventure book, choose wisely and choose with care. Take caution with 

your precious life, you matter and the endings are just a way to prepare you for your new 

beginnings. Don’t be afraid of what living means for you. 

Don’t get to the end and wish your life had been different. Do the things you’ve promised 

yourself today, and let these circles remind you that The End is coming–but it’s absolutely 

nothing to be scared of! 

Thank you humans (or cyborgs) for reading. 

If you vibe with this poetic jam you can catch me on X Spaces @sentientshapes talking about 

the living breathing mechanism of poetry every other Thursday afternoon at 2pm est. 

Remember to go forth and be great, the greatness is already inside of you, let it free. 

XOXOX

Populus by _DreamCult_




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