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SHILL Issue 162

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SOLANA NFT/DEFI/X ECOSYSTEM


Editor<br />

BONK hard facts<br />

Meme Burns<br />

JulesL.art<br />

Dev Talk<br />

DePIN leader<br />

Rise of Meme<br />

McDegens<br />

StepnGO<br />

Switchboard<br />

WIF History<br />

MadLads<br />

Mallow NFTs<br />

Solarplex NFT


crayhans


Navigating the Highs and Lows of the Solana NFT Space<br />

The world of blockchain is a rollercoaster ride of ups and downs, twists and turns, and unexpected<br />

surprises. Just when we thought we had seen it all, #Solarplex makes a comeback,<br />

signaling a new chapter in the realm of decentralised social protocols. After facing<br />

closure, the announcement of Solarplex's return has sparked excitement and anticipation<br />

within the community. With promises of permanence and a renewed focus on creators<br />

and users, Solarplex is poised to carve out its place in the decentralized landscape.<br />

For those eager to explore the revived Solarplex platform, now is the perfect time to<br />

dive in and experience firsthand what all the buzz is about. The platform's commitment<br />

to openness and decentralization sets the stage for a vibrant community-driven space<br />

where creators and users can thrive together. Sign up at solarplex.xyz and join the conversation!<br />

In other news, #<strong>SHILL</strong>zine's favorite daily news recap, DopeGrandma, continues to captivate<br />

audiences with its unique blend of AI-driven insights delivered by, you guessed it,<br />

a dope grandma! Providing a 2-minute daily recap from across the blockchains, Dope-<br />

Grandma offers a refreshing take on the latest developments in the crypto world. Check it<br />

out here and stay informed with a touch of humour.<br />

Turning our attention to the Solana NFT scene, the landscape appears bleak as major<br />

projects struggle to maintain their momentum. With Mad Lads, SMB Gen2, Famous Foxes,<br />

DeGods, and Degen Apes all hitting record lows, the market sentiment is undeniably<br />

bearish. Even platforms like ExchangeArt, Mallow, Artplex, and Truffle are feeling the<br />

pinch as investors seek out projects that offer tangible utility and quick returns.<br />

In a climate where the value of $SOL hovers over $160 USD, consumers are becoming<br />

increasingly discerning, reluctant to part with their hard-earned tokens for mere digital<br />

collectibles. The harsh reality is that without utility, NFTs risk being overlooked in favour of<br />

more lucrative investment opportunities.<br />

This is where Solarplex emerges as a beacon of hope for the Solana NFT community. By<br />

providing a platform that prioritises customer engagement and rewards, Solarplex enables<br />

artists to connect directly with their audience and build meaningful relationships. In<br />

a world cluttered with noise, Solarplex offers a sanctuary for creators and collectors alike.<br />

<strong>Issue</strong> <strong>162</strong> of #<strong>SHILL</strong>zine is brimming with insights, interviews, and NFTs from across the<br />

Solana ecosystem. From deep dives into projects like $BONK to exclusive interviews with<br />

artists like JulesL.art, there's something for everyone to discover. Plus, learn about the fascinating<br />

journey of $WIF and explore the latest trends in the world of Solana NFTs.<br />

As you immerse yourself in the pages of <strong>Issue</strong> <strong>162</strong>, don't forget to claim your FREE NFT<br />

using the TIPLINK. It's our way of saying thank you for being part of the #<strong>SHILL</strong>zine community<br />

and supporting the Solana ecosystem. Happy exploring!<br />

Pixeltoy


SUPPORTER BONUS<br />

TIPLINK MINT


BroHalla GMers<br />

The Backwoods


@WizartAy<br />

BONK - the biggest airdrop in Solana history. With an<br />

ecosystem as big as some L2s, let’s explore it all from<br />

A to Z By the end you should understand why ATH is<br />

imminent.<br />

How it started<br />

In 2022’s cold winter, the Solana ecosystem was in<br />

shambles post FTX. Suddenly, on Christmas day, we<br />

woke up with a new memecoin in our wallets. A new<br />

community token emerged, and it soon became everyone’s<br />

favorite dog.<br />

Bonk Rewards<br />

The more BONK you lock and for a longer time, the<br />

more % you get from the rewards pool (fees collected<br />

by their ecosystem). Total locked: approximately 3.2T<br />

Multipliers: 3 months - 1.4x 6 months - 2x Check out<br />

http://bonkdragon.com if you staked.<br />

Stats<br />

Initial supply: 100T Supply airdropped to Solana users<br />

and developers: 50% (50T) Early contributors: 20% to<br />

22 people (3 years linear vesting) Minimum airdrop<br />

allocation: 50M BONK LamportDAO (194 devs): 25bn<br />

each Current MC: $2.8bn Current holders: 730k<br />

8 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


Bonk Swap<br />

Launched a year ago, BonkSwap is an AMM DEX where you can best make use of your BONK and get rewarded for it.<br />

Features: - Swap - Liquidity: provide & earn esBONK (Escrow Bonk) - Stake: esBONK => unlock BONK - DCA: bonus 2-10%<br />

- BonkOrBust: up/down betting game<br />

@bonkbot_io- Solana’s Telegram trading bot<br />

Cool things about it: - All fees go towards buying BONK, 10% gets burnt every day - Bonkbot has burnt $40m worth of<br />

BONK to date - By referring friends you earn 30% of their fees in the 1st month, 20% in the 2nd and 10% forever


The phone that paid for itself<br />

In 2023 Solana launched Saga, its first phone. Sales were stalling in April, with just ~1000 units sold at $1k. In August the<br />

price was cut to $599, but that didn’t help either.<br />

Each Saga could claim 30m BONK. During BONKmas it sold out (~15k).<br />

The missing airdrop<br />

A year ago BONK announced a fix for the missing OpenBook airdrops (3k users eligible). A vesting contract that for a year<br />

released 50mill BONK weekly/user (2.7bn). Bullish case? Millions of $ in weekly sell pressure just went away!


Bonkathon (April 29th - June 10th)<br />

A hackathon hosted by Radiants, dedicated to accelerating Web3 adoption on Solana. $350k worth of BONK in prizes<br />

split between the following tracks: Consumer apps, Gaming, Public Goods, Finance/DeFi, AI, Continuation<br />

Now you understand why BONK is such an integral part of Solana.


Tragedy Strikes as Solana Meme Coin Dev Suffers Severe Burns During Livestream<br />

In a shocking turn of events, a Solana meme coin developer found himself at the center of a harrowing<br />

incident during a livestream, resulting in severe burns and a trip to the trauma center.<br />

The incident occurred just six days after the launch of the TruthOrDare token (DARE) on Pump.fun, a<br />

platform known for its meme coin offerings. The developer, known as Mikol, decided to take part in a<br />

dangerous stunt to pump his token, which ultimately ended in disaster.<br />

Doused in isopropyl alcohol, Mikol allowed fireworks to be shot at him while livestreaming the event.<br />

However, the situation quickly escalated when he went up in flames after being hit by several fireworks.<br />

Despite efforts from friends who were present to help extinguish the fire, they were only equipped with a<br />

12 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


limited amount of water, which proved insufficient to fully control the blaze.<br />

During the livestream, viewers witnessed Mikol’s distress as he suffered from severe burns to a large portion<br />

of his body. His friends, frantically attempting to assist him, urged for the recording to be stopped so they could<br />

focus on providing aid. Mikol, in visible agony, expressed his need for medical attention, lamenting the intense<br />

pain he was experiencing.<br />

As the situation unfolded, viewers were horrified by the severity of Mikol’s injuries, with some speculating that<br />

he had sustained third-degree burns covering approximately 35% of his body. Michael Valentine, a viewer with<br />

experience in the fire department who communicated with Mikol during the incident, provided insights into the<br />

extent of the injuries based on symptoms described during the livestream.<br />

In the aftermath of the incident, Mikol was transported to a trauma center in Miami for urgent medical treatment.<br />

His condition remains critical, and those close to him, including his brother, have refrained from making<br />

statements until he wakes up.<br />

The tragic events serve as a stark reminder of the risks associated with the growing trend of livestreaming for<br />

meme coin clout. While such stunts may garner attention and publicity, they can also have devastating consequences,<br />

as evidenced by Mikol’s ordeal. As the community awaits updates on Mikol’s condition, questions<br />

arise about the need to reassess the boundaries of online behavior and the potential dangers of chasing viral<br />

fame at any cost.


y 0xJiuJitsuJerry.Nft<br />

In the vibrant realm of contemporary art,<br />

where traditional techniques meet digital<br />

innovation, one artist stands out with<br />

an exquisite fusion of mediums—JulesL.<br />

art. As an abstract and landscape artist,<br />

JulesL.art has captivated audiences with<br />

breathtaking creations on both the traditional<br />

and digital canvas. Each piece is<br />

a testament to the artist’s ability to blend<br />

the tactile richness of oil paintings with<br />

the limitless possibilities of digital reconstruction.<br />

With every stroke, JulesL.art<br />

breathes life into art, transforming it into<br />

a dynamic and immersive experience.<br />

JulesL.art’s artistic journey is a symphony<br />

of creativity, meticulously orchestrated<br />

with a wide array of techniques and<br />

tools. By using elements from her oil<br />

paintings as the foundation, she crafts<br />

digital masterpieces that echo the depth<br />

and texture of their traditional counterparts.<br />

The result is a stunning interplay<br />

of layers, where each piece reveals a new<br />

dimension of artistic expression. This<br />

unique approach has earned her a dedicated<br />

following on Solana, where she<br />

has been minting digital art across numerous<br />

marketplaces for several years.<br />

In early 2023, JulesL.art discovered Access<br />

Protocol, a platform that resonated<br />

with her vision of connecting with<br />

art enthusiasts in a meaningful way.<br />

Intrigued by the potential of subscription-based<br />

engagement, she embarked<br />

on a new creative adventure. By January<br />

of this year, she had joined the platform<br />

as a creator, eager to share her evolving<br />

process with a global audience. Through<br />

her collection “Beneath The Surface,”<br />

JulesL.art offers an intimate glimpse into<br />

her artistic journey, unveiling the intricate<br />

layers within her oil paintings and<br />

the reconstructed digital pieces.<br />

Each month, subscribers to JulesL.<br />

art’s Access Protocol receive a curated<br />

selection of her work, enriched with behind-the-scenes<br />

insights and exclusive<br />

content. This innovative approach not<br />

only showcases her versatility as an artist<br />

but also fosters a deeper connection<br />

with her audience. By merging traditional<br />

artistry with digital innovation, JulesL.<br />

art continues to push the boundaries of<br />

contemporary art, inviting us all to explore<br />

the captivating world beneath the<br />

surface.<br />

Background and Inspiration: What inspired<br />

you to become a content creator,<br />

and how did your journey bring you to<br />

Access Protocol?<br />

I have been an artist on Solana for several<br />

years, minting digital art across several<br />

marketplaces. Early in 2023 I became<br />

aware of Access Protocol and was excited<br />

by the potential I saw in connecting<br />

with art enjoyers through subscription.<br />

I set about developing content that I<br />

could share with subscribers specific to<br />

Access. In January this year I joined the<br />

platform as a creator.<br />

Creative Process: Can you describe your<br />

creative process? How do you go from<br />

an idea to a finished product on your<br />

platform?<br />

My process begins in the studio, with<br />

a blank canvas. I then start my layering<br />

process with oils, beginning with<br />

the base color. This is applied unevenly<br />

across the canvas to develop areas of<br />

light and dark. When sufficiently dry,<br />

using a palette knife I start adding more<br />

color, randomly at first. This is also the<br />

time I build texture into the undersurfaces.<br />

As more layers are added, form<br />

begins to take shape and is refined and<br />

defined with the final layers. The finished<br />

canvas may be abstract or landscape.<br />

Throughout this process I capture<br />

images of the layers. These layers form<br />

the basis of my digital paintings. My<br />

digital process involves importing these<br />

layers into the main software program I<br />

use, ibisPAINT. These are then manipu-<br />

14 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


lated, distorted, over painted, exported to<br />

other programs for refinement, reimported<br />

for the final tweaking.<br />

Impact of Technology: How has Access<br />

Protocol changed the way you create and<br />

share your work compared to other platforms<br />

you’ve used?<br />

Creating for Access gives me the freedom<br />

to explore multiple directions using the<br />

same layers as input. So, using the same<br />

base layers for example I can explore a<br />

theme, like my “Twin Cities”, resulting in<br />

seven unique paintings, the same palette,<br />

the same theme. This allows me to provide<br />

more cohesive content to my subscribers.<br />

Community Interaction: How do you engage<br />

with your audience on Access Protocol,<br />

and how has that relationship influenced<br />

your work?<br />

I regularly share my Access content via<br />

my website, X or in the discord, and more<br />

recently through the first of a regular<br />

Newsletter I am developing. Any interaction<br />

with subscribers I usually follow up via<br />

a personalized response. Recently I have<br />

included physical pieces as a special drop,<br />

where the recipient is required to contact<br />

me via email. This has been a wonderful<br />

opportunity to engage directly with a subscriber.<br />

Something I am very grateful for.<br />

Unique Offerings: What unique content<br />

do you offer on Access Protocol that fans<br />

might not find elsewhere?<br />

All my content is handcrafted artwork. In<br />

addition to my regular digital content, I<br />

have special drops planned that include<br />

physical artworks, oil on paper, oil on canvas.<br />

These are shipped globally to the lucky<br />

subscriber. This is just the start; other physical<br />

content is in the pipeline!<br />

Challenges and Overcoming Them: What<br />

challenges have you faced in your creative<br />

career and how has being on Access Protocol<br />

helped you overcome them?<br />

One of the biggest challenges I have is<br />

connecting with an audience in the digital<br />

space. I have connected with a lot of people<br />

across the digital art space, artists, and<br />

art-enjoyers, but I am not one to cold-shill<br />

my art. Another challenge is being confident<br />

enough to march to the beat of my<br />

own drum, and not get swept along with all<br />

the white noise. Access Protocol has been<br />

pivotal for me in my evolution as an artist.<br />

Being a creator on Access is a privilege and<br />

a responsibility. It is not something I take<br />

lightly. I want to deliver quality content on<br />

a regular basis. Each artwork I create has to<br />

be the best I can possibly deliver. An artwork<br />

I am proud of and I hope an artwork<br />

my subscribers are delighted to receive.<br />

There are technical challenges as well in<br />

the minting and delivering content on<br />

occasions, but with the dedicated team at<br />

Access no problem is insurmountable.<br />

Future Projects: Are there any upcoming<br />

projects or collaborations you’re particularly<br />

excited about? How do you think Access<br />

Protocol will play a role in these?<br />

Nothing planned at this point, but as a<br />

collective bunch of creators on Access I am<br />

confident new opportunities will present<br />

themselves soon.<br />

Advice for Aspiring Creators: What advice<br />

would you give to aspiring content creators<br />

who wish to start their journey on Access<br />

Protocol?<br />

Explore the world of Access content that<br />

is being delivered by the current creators.<br />

Why do you want to join Access as a creator?<br />

Think about your vision. Develop a<br />

plan, what you would like to create, and<br />

how you will implement it. Consider quality<br />

over quantity.<br />

Vision for the Future: How do you see your<br />

genre or medium evolving on Access Protocol<br />

in the next few years?<br />

I’d love to see more traditional artists on the<br />

platform, delivering abstract and landscape<br />

art, as well as educational content about<br />

the history of the genre, artists who shaped<br />

the genre.<br />

Personal Favorites: Could you share one<br />

of your favorite pieces/projects that you’ve<br />

created on Access Protocol, and tell us the<br />

story behind it?<br />

Uncharted Waters: Aquarium I<br />

Uncharted Waters was borne out of a frustration<br />

I was having completing a Traditional<br />

Canvas.<br />

This was my second drop in the Collection<br />

Beneath the Surface. My plan had been<br />

to present three layers within the original<br />

artwork as three NFTs to subscribers. My<br />

criteria for the individual NFTs at this point<br />

was each layer had to be considered as an<br />

abstract artwork in its own right.


I did not feel that this was the case. And so, I pivoted to include each of three layers in the<br />

digital paintings, themed Uncharted Waters. The result was six unique digital artworks of<br />

which I am extremely proud.<br />

This piece, Aquarium I is the fifth piece in the collection, a fish, a landscape, looking into<br />

the eye of the storm, in Uncharted Waters. It represents exactly how I was feeling, taking<br />

a risk, venturing into the unknown


Uncharted Waters: Finished Canvas by Julesl.art<br />

JulesL.art exemplifies the perfect blend of traditional and digital artistry, offering a<br />

unique and immersive experience for art lovers worldwide. Her innovative approach and<br />

dedication to her craft shine through in every piece she creates. As she continues to explore<br />

new horizons on Access Protocol, we can look forward to more captivating works<br />

that push the boundaries of artistic expression. Stay tuned to witness the evolution of a<br />

true visionary in the art world.


Solana: A Rising Star in the Decentralized Physical Infrastructure Network Sector<br />

Solana continues to stand out in the crypto universe by establishing itself as a key player in<br />

the decentralized physical infrastructure (DePIN) sector. Thanks to the spectacular rise of<br />

Render Network and Helium Network, Solana demonstrates its potential to revolutionize<br />

critical industries such as artificial intelligence and data storage. This article explores the<br />

synergy between Solana and the DePIN sector, highlighting the contributions of Render<br />

Network and Helium Network to Solana’s growing dominance.<br />

Solana and the DePIN Sector – A Winning Synergy<br />

A recent report from Flipside highlights the rise of Render Network and Helium Network as<br />

leaders in the DePIN (Decentralized Physical Infrastructure Network) sector on the Solana<br />

blockchain. DePIN leverages decentralized community networks to improve the efficiency<br />

and resilience of infrastructures, notably in the areas of artificial intelligence and data storage.<br />

By encouraging decentralized services, DePIN paves the way for a multitude of uses<br />

within and beyond the Web3 ecosystem.<br />

According to the Flipside report, Solana asserts itself as a leading platform for DePIN projects<br />

thanks to its high-speed transactions, reduced costs, and robust infrastructure. Garrison<br />

Yang, director of strategy and marketing at io.net, emphasizes: “DePINs heavily rely on<br />

community participation, as these are decentralized hardware networks. It is not surprising<br />

that many of these projects, including io.net, choose the fastest-growing ecosystem in crypto<br />

– Solana.”<br />

The Role of Solana’s Robust Infrastructure<br />

Solana’s infrastructure plays a crucial role in its success within the DePIN sector. The blockchain’s<br />

ability to handle a high volume of transactions quickly and at a low cost makes it<br />

an attractive platform for DePIN projects. This efficiency is particularly important for applications<br />

in artificial intelligence and data storage, where large amounts of data need to be<br />

processed rapidly.<br />

Moreover, Solana’s robust infrastructure ensures reliability and security for DePIN projects.<br />

The blockchain’s consensus mechanism, Proof of History (PoH), combined with Proof of<br />

Stake (PoS), provides a high level of security while maintaining fast transaction speeds. This<br />

combination of speed, cost-effectiveness, and security creates an ideal environment for De-<br />

PIN projects to thrive.<br />

The Rise of Render Network on Solana<br />

Render Network positions itself at the forefront of decentralized GPU rendering, offering<br />

scalable and economical computing power for various applications such as artificial intelligence,<br />

media rendering, and scientific research. Since its migration to Solana in November<br />

2023, Render Network has rendered approximately 33 million images, equivalent to 33,000<br />

GPU hours using NVIDIA RTX 3090s.<br />

18 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


The number of active node operators on the<br />

Render network peaked at 1,900 in January<br />

2024, a 66.3% increase since the migration<br />

to Solana. This growth is attributed to better<br />

awareness of Render’s capabilities and support<br />

from the Solana ecosystem. Rewards for<br />

node operators have also seen a 34.3% increase,<br />

peaking at 228,000 RNDR in early January 2024.<br />

Advantages of Decentralized GPU Rendering<br />

The decentralized nature of Render Network’s<br />

GPU rendering services offers several advantages.<br />

By leveraging a distributed network of GPU<br />

providers, Render Network can offer computing<br />

power at a lower cost compared to traditional<br />

centralized providers. This cost-efficiency is<br />

particularly beneficial for industries that require<br />

significant computational resources, such as artificial<br />

intelligence and media rendering.<br />

Furthermore, decentralized GPU rendering enhances<br />

the resilience and reliability of computing<br />

services. With a distributed network, there<br />

is no single point of failure, reducing the risk of<br />

downtime and ensuring continuous availability<br />

of computing power. This reliability is crucial for<br />

applications that require uninterrupted computational<br />

resources.<br />

The Growth of Helium Network on Solana<br />

Helium Network, the world’s largest decentralized<br />

network, is experiencing remarkable<br />

growth, particularly in its mobile sector. Token<br />

burns for Helium’s mobile network now far<br />

surpass those of its IoT network, driven by the<br />

rapid adoption of Helium Mobile services. In<br />

January 2024, the number of Helium Mobile<br />

subscribers reached nearly 90,000, supported<br />

by competitive pricing and MOBILE token<br />

incentives.<br />

Since December 2023, rewards offered to users<br />

of Helium’s mobile network have significantly<br />

increased, outpacing the growth rate of new<br />

subscribers. This increase is due to improved reward<br />

mechanisms and a crackdown on fraudulent<br />

activities, ensuring that genuine contributors<br />

now receive substantial rewards.<br />

The Impact of Helium Mobile<br />

Helium Mobile’s success is driven by its innovative<br />

approach to mobile connectivity. By<br />

leveraging a decentralized network of hotspots,<br />

Helium Mobile can offer competitive pricing<br />

and high-quality service to its users. The use<br />

of MOBILE tokens as incentives further drives<br />

adoption, creating a virtuous cycle of growth<br />

and reward for both users and network operators.<br />

The decentralized nature of Helium Mobile also<br />

enhances its resilience and scalability. With a<br />

distributed network of hotspots, Helium Mobile<br />

can expand its coverage and capacity without<br />

relying on centralized infrastructure. This<br />

scalability is crucial for meeting the growing<br />

demand for mobile connectivity, particularly in<br />

underserved areas.<br />

Solana’s Role in Supporting DePIN Projects<br />

The Importance of Community Participation<br />

Community participation is a cornerstone of<br />

DePIN projects. Decentralized networks rely<br />

on the contributions of individual operators to<br />

provide the necessary infrastructure and services.<br />

Solana’s active and engaged community<br />

plays a vital role in the success of its DePIN<br />

projects. By fostering a sense of ownership and<br />

involvement, Solana ensures that its community<br />

is motivated to contribute to the network’s<br />

growth and development.


Competitive Advantages of Solana<br />

Solana’s competitive advantages lie in its ability<br />

to support innovative projects while remaining<br />

adaptable to new entrants. The blockchain’s<br />

high transaction speed and low costs make it<br />

an attractive platform for DePIN projects, while<br />

its robust infrastructure ensures reliability and<br />

security. These attributes position Solana as a<br />

leading platform for DePIN projects, capable<br />

of supporting a wide range of applications in<br />

critical industries.<br />

Furthermore, Solana’s ability to adapt and<br />

evolve in response to new challenges and<br />

opportunities ensures its continued success in<br />

the DePIN sector. By staying at the forefront<br />

of technological advancements and industry<br />

trends, Solana can maintain its competitive<br />

edge and continue to attract innovative projects.<br />

Expanding Use Cases<br />

The future prospects for Solana and the DePIN<br />

sector are promising. As the technology matures<br />

and adoption grows, new use cases for<br />

DePIN are likely to emerge. These could include<br />

applications in areas such as autonomous vehicles,<br />

smart cities, and decentralized finance. By<br />

continuing to innovate and expand its capabilities,<br />

Solana can remain a leader in the DePIN<br />

sector and drive the adoption of decentralized<br />

infrastructure solutions.<br />

Collaboration and Partnerships<br />

Collaboration and partnerships will be key to<br />

Solana’s future success in the DePIN sector.<br />

By working with other blockchain platforms,<br />

technology providers, and industry stakeholders,<br />

Solana can enhance its capabilities and<br />

create new opportunities for growth. Strategic<br />

partnerships can also help Solana to overcome<br />

challenges and stay ahead of the competition.<br />

Solana’s continued success in the DePIN sector<br />

will depend on its ability to support innovative<br />

projects like Render Network and Helium Network<br />

while remaining competitive against new<br />

entrants. By leveraging its high-speed transactions,<br />

reduced costs, and robust infrastructure,<br />

Solana is well-positioned to revolutionize<br />

critical industries such as artificial intelligence<br />

and data storage. With a focus on community<br />

participation, technological innovation, and<br />

strategic partnerships, Solana can maintain its<br />

leadership in the DePIN sector and drive the<br />

adoption of decentralized infrastructure solutions.


In the vast and ever-evolving world of cryptocurrency,<br />

one trend has captured the attention of investors and<br />

enthusiasts alike: the remarkable growth of meme<br />

coins. From Dogecoin to Shiba Inu, these coins have<br />

experienced explosive increases in value, often outpacing<br />

more traditional cryptocurrency projects. But what<br />

exactly drives this phenomenon? Let’s delve into the<br />

reasons behind the significant growth of meme coins<br />

compared to other digital assets.<br />

a cent, these coins are accessible to a wide range of<br />

investors, allowing individuals to purchase large quantities<br />

with minimal financial risk. This low cost per coin<br />

fuels speculation, with investors hoping to capitalize<br />

on the potential for exponential growth. The allure of<br />

substantial returns from even a modest investment<br />

drives a speculative frenzy that propels prices to new<br />

heights.<br />

Influencooors<br />

At the heart of meme coins’ success lies their viral<br />

nature, fuelled by the power of social media platforms<br />

such as Twitter, Reddit, and TikTok. Influential personalities<br />

and online communities play a pivotal role in<br />

creating hype around these coins, sparking waves of<br />

investment based on the momentum generated online.<br />

For instance, tweets from figures like Elon Musk<br />

have had a profound impact on the value of Dogecoin,<br />

demonstrating the immense influence of social media<br />

in shaping market trends.<br />

Public Sentiment<br />

Meme coins often attract extensive media coverage,<br />

further amplifying their visibility and appeal. Stories<br />

of individuals making significant profits from small<br />

investments in meme coins serve to fuel the public’s<br />

interest and drive demand up. This media attention,<br />

coupled with positive public perception, creates a<br />

self-reinforcing cycle that contributes to the rapid appreciation<br />

of meme coin values.<br />

Community<br />

Meme coins thrive on the sense of community they<br />

foster among their holders. This communal aspect<br />

often gives rise to a fervent following, where investors<br />

not only buy into the coin but actively promote and<br />

advocate for it. The culture surrounding meme coins<br />

is characterized by its light-hearted and engaging<br />

nature, offering a stark contrast to the more technical<br />

and serious atmosphere of other cryptocurrency<br />

projects. This inclusivity attracts a diverse audience,<br />

including individuals who may have previously been<br />

hesitant to enter the world of crypto.<br />

Speculation<br />

One of the defining features of meme coins is their<br />

low entry barrier. With prices starting at a fraction of<br />

The meteoric rise of meme coins can be attributed to<br />

a combination of factors, including their viral popularity<br />

on social media, the strong sense of community<br />

and culture they cultivate, their low entry barrier, and<br />

extensive media coverage. These elements converge<br />

to create a potent mix of hype and speculation, driving<br />

prices to dizzying heights. However, it’s essential to<br />

recognize that investing in meme coins carries inherent<br />

risks due to their volatile nature.<br />

Understanding the dynamics behind the ascent of<br />

meme coins offers valuable insights for both investors<br />

and developers in the cryptocurrency space. As the<br />

market continues to evolve, recognizing the power<br />

of community and media influence will be crucial for<br />

navigating the ever-changing landscape of digital<br />

assets. By harnessing these insights, stakeholders can<br />

better position themselves to capitalize on emerging<br />

trends and opportunities in the crypto sphere.<br />

<strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong><br />

21


ChewingNft


Gypsy Dream


Superno


SuwittawatR


SwanPoel


tnwrks


anna victoria


anonymous ghost


defnoiz


dorin photograph


haykooooooo


DrRobo7


hipocreate


hipocreate


hawksnest


lizart


mada kusuma


merveliyigit


mew cat


minako


minako


picopops


saki gang


tasha v


the earth travellers


chalchuqi


edictzone


hustlr


ooquie


skulryx


ooquie


Mike Hale<br />

Pyth Grants Program<br />

The Pyth Ecosystem Grants Program has launched, offering 50M in PYTH tokens to support<br />

community contributions to the Pyth Network.<br />

This grants program aims to encourage community members to share their ideas and insights<br />

about the Pyth Network with the wider Web3 community and contribute to its development<br />

through educational and research initiatives.<br />

One key focus is the Developer Grants that focus on incentivizing the creation of new tooling<br />

to support the protocol’s operations, integrations with Pyth products, and other valuable<br />

development contributions to the network.<br />

Developer grants come in the form of bounties, which are listed on the Research and Developer<br />

Bounties webpage. Each bounty includes the project scope, conditions or requirements,<br />

deadlines (if applicable), and reward structure.<br />

Anyone can take on a Developer bounty.<br />

Launch of Pyth Ecosystem Grants Program<br />

Introducing Trident<br />

Trident is a Rust-based framework designed to perform fuzz and integration testing on Solana<br />

programs, ensuring the security of your code.<br />

Developed by Ackee Blockchain, and supported by a grant from the Solana Foundation,<br />

Trident is the first open-source fuzzer to test Solana programs written with Anchor.<br />

Trident’s development began more than two years ago (as Trdelnik) and won the Marinade<br />

Finance community prize during the Solana Riptide Hackathon.<br />

Trident simplifies the testing process by automatically creating templates for fuzz and integration<br />

tests for programs written using the Anchor Framework.<br />

Trident Features<br />

Automated Test Generation: Trident simplifies the testing process by automatically creating<br />

templates for fuzz and integration tests for programs written using the Anchor Framework.<br />

Dynamic Data Generation: It increases test coverage by using random instruction data and<br />

pseudo-random accounts, creating unpredictable fuzz test scenarios.<br />

Custom Instruction Sequences: This feature allows for the design of specific sequences of<br />

instructions to meet particular testing needs or focus on specific aspects of program behavior<br />

during fuzz testing.<br />

Invariant Checks: Trident enables custom invariant checks to identify vulnerabilities and<br />

unwanted behaviors.<br />

Trident<br />

Encode x Wormhole Programs 2024<br />

Encode Club and Wormhole have partnered up to offer three programs for developers.<br />

The first is the Wormhole Educate Series, a 4-week series of technical workshops focused<br />

on building cross-chain applications including Solana. This series aims to equip participants<br />

with the essential skills needed for developing multi-chain dApps.<br />

56 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


Following the Educate Series is the Wormhole Hackathon, which provides a competitive platform<br />

for participants to apply their newly acquired skills and innovate. The hackathon offers a prize<br />

pool of $50,000 for the best projects.<br />

Later in the year, the Wormhole Incubator program will begin. This program provides funding and<br />

personalized mentorship to help developers transform their hackathon projects into successful<br />

startups.<br />

Encode x Wormhole 2024<br />

Developer News<br />

Core Print Editions Guide<br />

Metaplex has released a new guide to using Core Candy Machine to create print edition NFTs. To<br />

achieve the Edition concept Core uses two plugins: Master Edition in the Collection and Edition in<br />

the Asset, which are the prints.<br />

Metaplex Core JS SDK v1.0<br />

The Metaplex Core JS SDK v1.0 is now live, featuring new wrappers that allow plugins to be defined<br />

without constructor functions and Auto-Generated Kinobi Functions with auto-resolving<br />

external plugin adapter accounts to streamline development, along with improved Fetch, Authority,<br />

Lifecycle, Plugin and State helper functions.<br />

Lightspeed Newsletter<br />

I feature the Lightspeed podcast a lot in this newsletter, and now they are launching a daily Solana<br />

newsletter of their own with the latest updates, data analysis, and market metrics for Solana<br />

investors, developers, and community.<br />

Tools & Resources<br />

helius-rust-sdk is an asynchronous Rust crate that supports all major Helius and Solana endpoints.<br />

Wormhole TS SDK offers a universal API that provides a consistent interface across the chains<br />

Wormhole supports and the protocols built on top of Wormhole.<br />

token-extensions-transfer-hook is a Solana Token Extension that enables token issuers to enforce<br />

constraints on token holders using Civic Pass, an identity verification system that enables users to<br />

prove aspects of their identity to programs.<br />

minting-tool is a tool built by 3land for minting compressed NFTs that builders can use to enable<br />

cNFT creation from within their dApps.<br />

drillx is a proof-of-work algorithm for smart contract based cryptocurrency mining based on Equix<br />

that will be the engine of v2 of the Renaissance Hackathon Grand Champion Ore.<br />

Quick Hits<br />

Rated launches support for Solana on the Rated Explorer and API - @ratedw3b<br />

Approaches to Privacy On-Chain - Arcium<br />

Build a guessing game using Orao VRF - Jimii<br />

The DeCharge Solana Hack experience - DeCharge<br />

EasyA app adds all-new Phantom challenges - @easya_app<br />

Web3 infrastructure,”tokenization of everything” drawing VC investors - Cointelegraph<br />

How to overcome the 1000 transaction limit using getSignaturesForAddress - Chainstack<br />

Tinydancer Simplified Payment Verification client is live on Testnet - @tinydancerio<br />

Mainnet v1.17.34 Release Notes - GitHub<br />

Squads Labs announces the partial acquisition of the codebase of Fibonacci Finance - @SquadsLabs


What if you could get rewarded for being active and connect with friends using a cutting-edge app?<br />

That’s exactly what STEPN GO is all about - social interactions, physical activity, and rewards.<br />

Stepn is taking a fresh step forward. FSL, the company behind the “move and earn” mobile<br />

crypto game, announced the launch of a new social lifestyle game called Stepn Go, along with<br />

plans for a new token called the Go Gaming Token (GGT).<br />

Like the existing Stepn app, which will continue to exist, Stepn Go is built around rewarding<br />

NFT-owning players for their real-world movement via crypto tokens. But Stepn Go adds new<br />

social functionality, making it about more than just your own walks and runs.<br />

With STEPN GO, you earn rewards by staying active, using digital Sneakers. These Sneakers<br />

are more than just collectibles; they’re tools that track your fitness activities and let you earn<br />

tokens and rewards based on your movements.<br />

The app’s integration with blockchain ensures everything is transparent and fair, providing a<br />

secure and reliable environment to interact and transact.<br />

Stepn Go will introduce new elements like a “Haus System” lending feature that lets NFT<br />

owners share their digital sneakers and split the crypto rewards, plus an interactive map that<br />

lets players see other users and leave messages for them to stumble upon. A player-vs-player<br />

(PvP) feature will also let players earn the FSL ecosystem token, GMT.<br />

“The Stepn community has been requesting social features within the app since the early days<br />

of Stepn,” said FSL co-founder Yawn Rong, in a release. “Therefore, we’re so excited to reveal<br />

these new features, which will propel Stepn Go into mainstream adoption.”<br />

Let’s dive into STEPN GO’s new features to give you a glimpse of what’s waiting for you:<br />

58 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


1. THE HAUS SYSTEM:<br />

This social feature ensures easy onboarding for new users. Lend your Sneakers to friends or family,<br />

allowing them to start without any crypto knowledge or investment.<br />

2. GGT TOKEN:<br />

Earn the new GO GAME TOKEN when walking or running with your Sneaker.<br />

3. AVATAR & OUTFITS:<br />

Create your avatar, equip them with Outfits received through in-game crafting, and flex them on the<br />

in-app Interactive Map.STEPN GO is more than just a continuation of a successful formula; it is an<br />

expansion into new realms of social interaction and fitness motivation.<br />

4. ENERGY SYSTEM:<br />

To get Energy and increase the Energy Cap, users must burn Sneakers, helping maintain a stable<br />

and sustainable economy.<br />

STEPN GO isn’t just continuing a successful formula; it’s expanding into new realms of social interaction<br />

and fitness motivation.<br />

The original Stepn app, launched in 2021, allows users to earn cryptocurrency by walking, jogging,<br />

or running while wearing NFT sneakers. It has amassed over 5.6 million users and partnerships with<br />

brands like Adidas, Steve Aoki, and Asics. Stepn was first built on Solana, but has expanded to Ethereum<br />

and BNB Chain as well.<br />

An alpha version of Stepn Go is slated to release in Q3 2024, with a prize drawing set to offer 5,000<br />

NFTs to the FSL community.


@Smithii_io<br />

All you need to know about @switchboardxyz<br />

Switchboard is an Oracle network, just like @PythNetwork for example. They also power a lot of different<br />

platforms and pools in biggest lending protocols. And they recently started the Operation (X)<br />

- Switchboard Orbs which is actually just a points system that will lead us to the airdrop and maybe<br />

sooner and bigger than everyone expects it to be.<br />

Quote<br />

Switchboard @switchboardxyz<br />

The big reveal of Operation [X] is here! Introducing: Switchboard Orbs Get ready to collect Orbs!<br />

The more you gather, the greater the surprises that await you. Unpack all the details<br />

Switchboard powers such platform as @KaminoFinance,@solendprotocol, @marginfi,@uselulo, @<br />

symmetry_fi and @mangomarkets. It will be more accurate to say powers some pools in there. So to<br />

farm these Orbs all you need is just use such pools and platform to acquire those. Just find their sign<br />

near the pool you are looking at and there we go.<br />

60 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


Of course there are 2 in 1 Airdrop strategies exist in such case -<br />

@marginfi didn’t drop a token yet,<br />

@KaminoFinance S2 in full force right now,<br />

@symmetry_fi is actually a sleeper one that will bring some gains soon. And this Switchboard rewards can<br />

also be very undervalued and also unexpected just like it was with<br />

@PythNetwork and their token $PYTH, this can perform very very similar.<br />

Airdrop season on Solana isn’t finished yet, and the big ones will be the ones you least expect.


1of1Demo


1of1Demo


1of1demo


actmove


amet


artonltm


artonltm


illxmono


andonmullins


crayhans


crypto_rex


cyborgvision


deftony83


degenghosty


evwibeal


gabrielleaver


juleslikm


lowbrownative


monkey


moonshot104


mythx


pokemindundee


pokemindundee


ogerin


sentientshapes


superno


transitorymask


treatzz


yns


wilsenway


xiz


McSwap 1.4 (beta) was just pushed live!<br />

Now supports SPL Tokens and both cNFT & NFT trades.<br />

When you need trustless, private, p2p asset trades, you McSwap.<br />

96 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


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

@McDegensDAO


@solanabateman<br />

How I deployed a memecoin with GDP higher than 30 countries + Americas Largest companies<br />

My story starts in 2020, I dove into the Solana world, passionate about creating products and building communities.<br />

I was involved in several NFT projects, helping shape vibrant communities and innovative products.<br />

Fast forward to late 2022, I ventured into Solana memecoins. January 2023 marked the beginning of my experiment<br />

with creating tokens. The ecosystem was just getting started, but Solana’s low fees and high speed made it<br />

perfect for memecoins to thrive.<br />

The first half of 2023 was a rollercoaster. We launched multiple community memecoins, gaining valuable experience.<br />

Despite low volumes, hacks, and black swan events, we kept the fun alive on Solana.<br />

Our hard work started to pay off. Ethereum enthusiasts began migrating to Solana, drawn by its superior tech.<br />

We kept learning, improving, and adding value. November was a breakthrough month for us!<br />

We launched RIBBIT, and just a week later, WIF, the biggest memecoin of this super cycle, was born. The response<br />

was overwhelming, and it was clear we were onto something big.<br />

98 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


$WIF was always a community driven token. It never really had a centralized team. I believe tokens led by communities<br />

are more adaptable and work out in the long run. $WIF was created by a couple degens. Many are unaware, but $WIF<br />

had a pre-sale.<br />

Our goal was always to create a truly decentralized community memecoin. A permissionless protocol, led and driven by<br />

the community.<br />

The crypto community has started excavating and buying up all the tokens created or they believe are deployed. All my<br />

creations hold a very special place in my heart.<br />

Most of the tokens I created were made before a lot of you joined the meme coin ecosystem on solana. Now with the<br />

supercyle in full effect I believe most of my tokens to be blue chips.<br />

I believe many of them have a chance to hit 1 Billion


The NFT market on Solana faced some challenges around 3 months ago. This was evident when bluechip<br />

collections like DeGods and y00ts decided to “move houses” away from this blockchain. At that<br />

time, the leading NFT marketplace on Solana, Magic Eden, found it difficult to simultaneously satisfy<br />

both collectors and creators.<br />

Furthermore, many supporters of this blockchain couldn’t help but wonder what would happen next.<br />

Sometimes all it takes is one NFT project to act as a catalyst for significant market changes. And it<br />

seems that Mad Lads is heading in the right direction to achieve this for Solana.<br />

This project has become the topic of the blockchain and has attracted attention from a wide range of<br />

users. So, what makes this profile picture (PFP) collection so special?<br />

What is Mad Lads?<br />

Mad Lads is an NFT PFP collection consisting of 10,000 NFTs on Solana. This collection generated<br />

over $16.86 million revenue in the first week since launch (according to data from CryptoSlam).<br />

Each NFT in the Mad Lads collection was minted at a price of 6.9 SOL (equivalent to $154 at that time)<br />

starting from April 20, 2023.<br />

100 <strong>SHILL</strong> <strong>Issue</strong> #<strong>162</strong>


Mad Lads NFT Collection<br />

In terms of imagery and aesthetics, Mad Lads features PFP NFTs accompanied by clothing, weapons, and<br />

unique accessories with a classical touch.<br />

As the most prominent collection on Solana, who is the Mad Lads’s team?<br />

Who is the Mad Lads team?<br />

Mad Lads is created by Armani Ferrante and Tristan Yver - 2 co-founders of the Web3 Backpack wallet.


Mad Lads team<br />

So, what is Backpack? Backpack is a platform aimed at creating products and protocols for the Web3 space.<br />

The team of Backpack is Coral - the same group of individuals who built the Anchor Framework and xNFT.<br />

This platform was founded by Armani Ferrante, who has extensive experience in building products on Solana.<br />

He is the founder of Anchor, a framework for developers to build products on SOL.<br />

Previously, he worked at FTX around March 2020. Later, he resigned and became a co-founder of Coral.<br />

II. What makes the Mad Lads collection stand out?<br />

Mad Lads has indeed caused a frenzy with its first launch, leading to an explosion in sales. Specifically, this<br />

NFT floor price skyrocketed, with the participation of a large NFT community and a staggering $8 million generated<br />

within 24 hours.<br />

Highlights of Mad Lads<br />

Additionally, even blockchain co-founders such as Solana’s Anatoly Yakovenko and Raj Gokal joined as collectors<br />

by changing their Twitter avatars to support the project during its initial launch.<br />

Mad Lads marked its first major drop closely associated with Backpack, a multifunctional wallet app developed<br />

by Coral based on the Solana xNFT standard, or “executable NFT” - NFTs that can be executed. This is a<br />

token standard built on Solana containing encoded code representing its execution rights. xNFTs can function<br />

as an application on mobile phones.<br />

Developers can create decentralized applications (dApps) that users can directly add to their wallets. These<br />

applications can directly integrate xNFTs, allowing owners of xNFTs to use their assets as they wish, right within<br />

the app without connecting to external platforms.<br />

However, to use xNFTs, users need to use a special Web3 wallet that supports xNFTs, and that is the Backpack<br />

wallet.<br />

Specs<br />

• NFT Name: Mad Lads<br />

• Ticker: Mad Lads<br />

• Blockchain: Solana<br />

• Token Standard: SPL


• Max Supply: 10,000 Mad Lads<br />

• Floor price: ~64 SOL<br />

Use case<br />

Holders of Mad Lads NFTs will have the right to:<br />

• Use the NFT images in the collection as profile pictures on social media platforms.<br />

• Join clubs that can be categorized based on the characteristics of the NFT.<br />

• Store and hold for investment purposes like other types of assets.<br />

NFT wallet<br />

Solana Mobile is a noteworthy partner in the project. This collaboration enables holders who purchase Saga<br />

phones to receive complimentary laser engraving of Mad Lads NFTs.<br />

Mad Lads have a catalytic role in “reviving” the NFT niche on Solana, especially as two of the hottest Solana<br />

projects at the time announced their move to other blockchains like Polygon and Ethereum.<br />

From Ferrante’s perspective, Mad Lads’ strong development doesn’t just reside within the Solana NFT space<br />

but also in its dominance on the sales volume leaderboard across the entire market at that time. This indicates<br />

a revival of the Solana community.<br />

However, whether Mad Lads can maintain its position as a top NFT on Solana remains to be seen. It’s advisable<br />

for enthusiasts to keep an eye on the project’s social media platforms to stay updated with the latest<br />

information.


0xluckless


3dpunk


solarplex


liegemuller


ldgsxcook


liegemuller


j3dee


ldgxcook


dimauro


elogiso


artcons9


d3vin


amman


loop


loop


marcelokato


mkart


pepeclown


supernova


sylviepixel


yousefi


srchappell


supernova


pigment


create your own mix


0xLuckless

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