SHILL Issue 165
Solana ecosystem magazine
Solana ecosystem magazine
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SOLANA NFT/DEFI/X ECOSYSTEM
Editor<br />
Smithi Weekly<br />
Comics<br />
Space Mission<br />
Itheum<br />
Dev Talk<br />
Gillian Wearing<br />
Higher<br />
McDegens<br />
Maneki<br />
Solana Classic<br />
STEP burn<br />
Winning<br />
Mallow NFTs<br />
Solarplex NFT
kiramoto
Let's keep it short this week. We have 116 pages of Solana goodness for you to get into from<br />
across the week. A slow week both in 1of1 art and major NFT projects. Is the hurt over? Not likely.<br />
WIth the value of $Sol dropping below $145 a couple of projects saw an uplift in Sol value, to<br />
compensate, the heat chart below tells the story.<br />
What to do? Read #<strong>SHILL</strong>zine and make better decisions on where to spread your $SOL.<br />
Check out the NFTs we've gathered this week from across Artplex.io, Mallow and ExchangeArt.<br />
Some great bargains to be had AND you'll be supporting an artist that helps make this Solana<br />
blockchain what it is!<br />
Eleven articles to catch up on with a fantastic little spoiler from dReader comics promoting 2 new<br />
releases this week. It's like buying a comic book without going to the store!<br />
Ready to dive in?<br />
Pixeltoy
Artifacts Cats on Jupiter<br />
Mutantmon
@Smithii_io<br />
We are finally seeing hype around upcoming NFT launches. Let’s look at them!<br />
Solana Sensei Pandas<br />
The most anticipated NFT collection is finally coming on June 28th with 3 SOL mint price and 3,333 supply. The<br />
artist from Degen Ape @monoliff and @SolanaSensei have been cooking the collection for so long and considering<br />
the success of previous Namaste collection , history is going to be repeated. No roadmap and no promises,<br />
just quality art and Namaste vibes.<br />
8 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
Mutatoads<br />
@Mutatoads is a collection from the brand “Serum”. It’s<br />
an established brand of energy drink and they are going<br />
to have their NFTs on Solana soon. The art is 3d and the<br />
whole narrative is like claynosaurz a bit, but these guys<br />
already have a product that works. The hype is big, we had<br />
no collection like this for a long time already.<br />
Slerf<br />
@Slerfsol that accidentally burned the funds of presale<br />
buyers of their token. Those people were refunded and token<br />
itself had a successful rally. And after all they decided<br />
to create a strong community by adding NFT collection to<br />
this ecosystem. The mint price is high - 5 SOL, but big part<br />
was already sold through presales and seems like the rest<br />
will also be grabbed with big demand.<br />
Seems like NFT mints are gradually coming back! We hope<br />
to see more quality ones soon.
@dReaderApp<br />
Power to the indies! We’re welcoming two indie (web2) creators to the world of digital collectibles. Let’s give<br />
them a warm welcome on @solana!<br />
The Lump Sum Saga<br />
Action / Sci-Fi<br />
Two species; one mission - to plant a landing beacon that will guide the fleet to a rallying point on a<br />
new world full of hope and opportunity. The Commander & her crew soon discover that “habitable”<br />
is a biological two-edged sword. Prologue: Only the Fate of Our World introduces the world of The<br />
Lump Sum Saga.<br />
supply: 400<br />
price: 0.04 SOL<br />
pages: ~18<br />
story by: @GregTjosvold<br />
common: Sergi Domènech<br />
uncommon: @DoodleKesh<br />
rare: @JoeMulv<br />
epic: @yg4h_<br />
legendary: Jeffrey Veregge<br />
Mint link https://dreader.app/mint/the-lump-sum-saga_prologue-only-the-fate-of-our-world…<br />
10 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
Antonina and the Mystery of the 3rd Department<br />
Adventure / Comedy / Fantasy<br />
Antonina lives in St. Petersburg, saves magical animals, and tries to solve the mystery of her grandmother’s<br />
disappearance, until one early morning, there is a knock on the door.<br />
supply: 200 price: 0.033 SOL<br />
pages: ~18<br />
story by: @Antonina_beasts<br />
common: @AngryGooseberry<br />
uncommon: Kisil Waterfalls<br />
rare: Antonina Lo<br />
epic: @4thson2<br />
legendary: Ana Vukšić<br />
Mint link https://dreader.app/mint/antonina-and-the-mystery-of-the-third-department_chapter-01…
Apes and Solana frens explore outer space.<br />
Over a year has passed since the<br />
Rescue Missions. Stoned and Nuked<br />
Apes have been living harmoniously,<br />
vibin’ within the serene landscapes of<br />
Puff Valley.<br />
One fateful day, a mysterious event<br />
unfolded... A colossal spacecraft<br />
appeared hovering in the dark sky,<br />
casting radiant lights that lured every<br />
ape from their dwellings to witness the<br />
cosmic spectacle. As the curious apes<br />
gathered, the unforeseen happened<br />
– a force lifted them up towards the<br />
dazzling lights, teleporting them<br />
beyond the confines of Puff Valley.<br />
In the vastness of space, the apes found<br />
themselves surrounded by innovative<br />
companions known as the Astro Apes -<br />
within an impressive structure known<br />
as the Space Station, equipped with<br />
awe-inspiring technology. The Astro<br />
Apes welcomed them, introducing<br />
everyone to the advanced tech and<br />
futuristic spaceships, inviting them<br />
once again for another adventure!<br />
This time, they are joined by brave<br />
communities, handpicked from every<br />
corner of the Solana-verse. The apes<br />
and friends are now about to embark<br />
on a thrilling series of Space Missions,<br />
venturing into the unknown realms of<br />
the galaxy. The cosmos awaits their<br />
exploration, promising extraordinary<br />
discoveries...<br />
12 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
Intro<br />
Season 1 of Space Missions kickstarts with trips to different planets in the galaxy, where one could return<br />
with rewards in various tokens, NFTs and IRL products. Each planet will have a set of requirements, duration<br />
and distribution of reward pool.<br />
To partake in these missions, a combination of a spaceship and ape (SAC, NAC) is mandatory, except for the<br />
collaborative planet Gangnam, where all spaceships do not require a pairing. Partner spaceships can only<br />
travel to Gangnam.<br />
Adding to the element of gamification, diverse odds and luck factors come into play, determined by the<br />
spaceship’s level and the type of apes involved. Spaceships are also made upgradable from Level 1 to 6 and<br />
require maintenance after mission trips.<br />
Space Missions, while experimental, are built to scale in many ways. There’s potential to expand into token<br />
distribution for new launches, partnerships with WEB2 projects for product exposure and advertising avenues<br />
in future.<br />
Join us now & explore the galaxy!<br />
Get Started TLDR<br />
1. Claim spaceships using your Galaxy Passes<br />
2. Select a planet, pair your ape and spaceship to send them on missions<br />
3. Apes and spaceships must be staked to go on missions<br />
4. Apes must be awakened to go on missions<br />
5. Return from missions and claim rewards if successful<br />
6. Upgrade and/or repair your spaceships in Spacecraft Center<br />
7. $PUFF is needed in the spaceship claims, upgrades and repair<br />
The Airdrop<br />
Three snapshots have been taken for everyone who holds Stoned Apes and Nuked Apes and migrated/<br />
staked on the new contract. The snapshot determines which kind of pass you receive.<br />
Every ape will only receive one pass.
Snapshot dates:<br />
• Snapshot #1 - December 31st<br />
• Snapshot #2 - January 15th<br />
• Snapshot #3 - February 28th<br />
Eligible wallets receive Galaxy Passes of various tiers<br />
Ape Snapshot #1 Snapshot #2 Snapshot #3<br />
1x NAC Blue Pass Blue Pass Red Pass<br />
1x SAC Gold Pass Gold Pass Green Pass<br />
Except for Level 1 spaceships of Type Banana which<br />
require 2x Level 1 spaceships to be combined to 1x<br />
Level 2, each Level is represented in points which<br />
can be accrued for an upgrade.<br />
Spaceship Level<br />
Requirement<br />
1 Galaxy Pass<br />
2 (Banana) 2 x Level 1 spaceships + 420 PUFF<br />
2 (Ramen) 16 Points<br />
3 48 Points<br />
4 96 Points<br />
5 130 Points<br />
6 192 Points<br />
How are points to a spaceship gained?<br />
To accumulate points, a Space Part + $PUFF is<br />
required. There are 3 Space Parts - Tetra Fuzzy Milk,<br />
Starlight Pizza Canister, and Orion Cosmos Mask,<br />
each representing a different amount of points.<br />
Space Parts can also be used to repair as indicated.<br />
Each +1 point requires 42 $PUFF<br />
examples:<br />
Galaxy Passes<br />
The Galaxy Passes allow holders to redeem Spaceships<br />
Galaxy Pass<br />
Red x 1<br />
Blue x 1<br />
Green x 1<br />
Gold x 1<br />
Astros, Sealz, Bone, 1/1’s<br />
Redeemable<br />
1x Level 1 Spaceship (Type<br />
Banana)<br />
1x Level 1 Spaceship (Type<br />
Banana) + Milk<br />
1x Level 1 Spaceship (Type<br />
Ramen)<br />
1x Level 1 Spaceship (Type<br />
Ramen) + Milk + Pizza<br />
+ Mask (instead of Pizza)<br />
The Spaceships<br />
A Spaceship has 6 levels. Each level-up gives you a<br />
higher probability of taking home bigger rewards,<br />
your ships become susceptible to damage and you’ll<br />
have a higher probability of your missions being<br />
successful. Yes, spaceships can get damaged from<br />
missions and require maintenance. A health indicator<br />
is attached to a spaceship to show its health.<br />
As long as your health indicator is not zero, you<br />
can send it out on missions- beware not to let your<br />
health decline to zero; when it does, it’s extra expensive<br />
to repair + requires a special space part.<br />
Health<br />
100% 0<br />
75% 50<br />
50% 125<br />
25% 200<br />
Repair cost ($PUFF)<br />
0% 420 + Engine-Space-Part<br />
Alternatively, space parts can be used to offset the<br />
cost of repair. Please refer to the Space Part table<br />
below for details.<br />
For upgrading a spaceship, one must need $PUFF<br />
and Space Part.<br />
Milk + Pizza + 42x6 PUFF = 6 points upgrade<br />
Mask + 42x8 PUFF = 8 points upgrade<br />
Spaceships<br />
Space Part For Upgrade For Repair<br />
Tetra Fuzzy Milk 2 Points +25% Health<br />
Starlight Pizza Canister 4 Points +50% Health<br />
Orion Cosmos Mask 8 Points +75% Health<br />
Once a point threshold is met, the spaceship will be<br />
upgraded to its level and the aesthetics will change<br />
accordingly. Note that a spaceship (Level 2-6) needs<br />
to be at 100% health to be tradable. Level 1 spaceships<br />
are not tradable. Spaceships are cNFTs and<br />
Space Parts are in-game assets. Space Parts may be<br />
tradable in future.<br />
Collaboration Spaceships have 3 Levels. Similar to<br />
SAC’s, a Level 1 spaceship is not tradable. Additionally,<br />
they can only go on one mission. The spaceship<br />
must be upgraded to Level 2 or Level 3 to use it for<br />
multiple missions. The higher levels provide a higher<br />
probability of a successful mission with bigger<br />
rewards and a lower percentage of damage to the<br />
spaceship.<br />
Space Map and Planets<br />
Welcome to Space!<br />
The Space Map is the main landing page for Space<br />
Missions. From here you can navigate to the Space<br />
Station where you’ll be able to view your inventory,<br />
manage assets and go on missions by selecting one<br />
of the planets
Puff Valley<br />
For now, nothing will change in terms of emissions.<br />
go on missions<br />
Mud Shack<br />
The entry-level planet where 1 x NAC can go on missions.<br />
The probability for larger rewards is small<br />
Purple Lagoon<br />
A planet with primarily Space Parts. This is the go-to<br />
planet if you want to strategize on prioritizing spaceship<br />
upgrades<br />
Green Haze<br />
Planet with primarily reward artifacts ranging from<br />
$PUFF, other tokens as well as IRL products and<br />
NFTs.<br />
The Black Hole<br />
A planet with the highest percentage of big rewards<br />
and the highest requirements.<br />
Gangnam<br />
Collab Planet where all our partner spaceships can<br />
Sending on Missions<br />
Upon redeeming the Spaceships with Galaxy Passes,<br />
you can start going on Space Missions. On the Space<br />
Map, you navigate to the planet of your choice.<br />
From there, you select and pair your apes with<br />
spaceships. Apes must be awakened to go on missions.<br />
Auto-pairing option is available to ease the<br />
process as well.<br />
Once paired, you can send them on a mission. Depending<br />
on the planets, the mission will take anywhere<br />
from 12 hours to 24 hours to complete.<br />
Every mission has a base fee of 0.0036 SOL for transaction<br />
& service fees, which goes lower if you send<br />
multiple missions at once.<br />
Returning from Missions<br />
A mission can be successful and return with various<br />
artifacts. Artifacts includes space parts and reward<br />
artifacts such as tokens, NFTs and IRL products represented<br />
by these artifacts. We will introduce more<br />
artifacts as we progress including the ones needed<br />
for Great Planting in future. There is also a chance a<br />
mission fails and you do not get an artifact.<br />
Asset Management<br />
Apes and spaceships are required to be staked to go<br />
on missions. Spaceships can be traded as cNFTs and<br />
can only be unstaked at Level 2 and above at 100%<br />
Heath<br />
Collaboration and Partners<br />
We are collaborating with diverse communities<br />
throughout Solana. The goal is to spread the<br />
love and have fun together. Partners receive custom-made<br />
Spaceships for their communities and<br />
contribute to the reward pool.<br />
One planet is dedicated to collaborations where<br />
every participating community can go, using the allocated<br />
spaceships. Each mission could return with<br />
different rewards such as $PUFF, $BONK, $SAMO<br />
or any other tokens and rewards. This promotes<br />
cross-community pollination, something we have<br />
been strong advocates of. We win together when<br />
Solana wins.<br />
Usage of PUFF<br />
The PUFF which is consumed in the claim, repairs<br />
and upgrade and earned by the game will be used<br />
in several ways according to the following distribution:<br />
• 50% of all PUFF earned in the game will be<br />
burned<br />
• 40% will be added back to the reward pool<br />
• 10% will be kept reserved (can e.g. be added<br />
to a liquidity pool or be used for Liquidity<br />
Pool incentives)
Itheum on DRiP<br />
https://x.com/itheum<br />
Itheum Data NFTs empower Content Creators with a new Genre of NFTs that can enable the tokenization of their<br />
data in unique, dynamic, and innovative ways.<br />
In the digital era where content is king, creators are the rockstars driving the internet’s vibrant culture. Yet,<br />
despite their contributions, major corporations still hold a monopoly on user-generated content and its data assets.<br />
Drip Haus is a revolutionary platform set to disrupt this status quo by empowering creators and advocating<br />
for data ownership.<br />
Itheum isn’t just innovating with Data NFTs; it champions<br />
data ownership. We’ve released features complementing<br />
Drip Haus’ vision of empowering creators.<br />
Itheum’s Data NFT technology lets creators like musicians,<br />
artists, or authors tokenize their skills with<br />
dynamic data streams behind traditional NFT art, enabling<br />
shared ownership and access through multiple<br />
copies of Data NFTs.<br />
One of the coolest and strongest points of a Data NFT<br />
is that it allows anyone to create token-gated, “data<br />
experiences”, with no custom technical work required<br />
on their side. This capability is incorporated directly<br />
into the Data NFT design, making it quick and simple<br />
for anyone to generate Data NFTs where access to the<br />
wrapped data can only be unlocked by the current<br />
owner of the Data NFT, putting powerful tools into<br />
the hands of creators without requiring new complex<br />
“web3 tooling.”<br />
This approach aligns perfectly with Drip Haus’ mission,<br />
further empowering creators by ensuring they can<br />
monetize their skills and maintain ownership over their<br />
data.<br />
Itheum’s Innovative Data NFT Standard on Solana<br />
The first drop of Itheum Data NFTs will happen on June<br />
19th, with an airdrop to the Solana community of the<br />
first-ever Data NFTs minted on the Solana blockchain<br />
via the Drip Haus platform. This is the second generation<br />
of Itheum’s BiTz XP generator - IXPG2. A collection<br />
of four different tiers: Ultimate, Legendary, Rare, and<br />
Common, which unlocks a fun “Meme Burning Game”<br />
that generates BiTz XP and links it to the Data NFT. This<br />
allows the Data NFT owners to start their data ownership<br />
and data tokenization journey within the Itheum<br />
Protocol ecosystem. The game allows you to collect<br />
BiTz XP - a unit strongly connected with the Liveliness<br />
(web3 Reputation) of each of the Itheum ecosystem’s<br />
users, which is backed by bonded $ITHEUM tokens.<br />
16 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
By collecting BiTz XP, anyone can seamlessly start their journey for gaining Liveliness-linked perks inside the Itheum Ecosystem.<br />
For instance, one would need a specific BiTz XP score that relatively transforms to their Liveliness score, which<br />
then whitelists them to participate in other Itheum Protocol products like the “Gamer Passport”, where gamers tokenize<br />
and trade their bulk data with the Gaming AI ecosystem.<br />
BiTz is your starting point to becoming an active Itheum<br />
user and is your “proof of activity” within the Itheum ecosystem.<br />
By simply owning and using the compatible BiTz<br />
XP Data NFT and playing the fun “Meme Burning Game” to<br />
generate points, you embark on a journey of activity and<br />
engagement that unlocks further perks and rewards. BiTz<br />
XP can also be earned by being active on other parts of the<br />
Itheum Protocol as well: minting Data NFTs, participating in<br />
product testing stages, listing Data NFTs, trading Data NFTs,<br />
and much more unlock BiTz XP and enables you to climb<br />
the leaderboards.<br />
In this new era, content creators are not just the main attraction;<br />
they are the owners, decision-makers, and beneficiaries<br />
of their work. Industries like AI and ML can access<br />
real-time, authentic data for innovations. Creators—<br />
whether in music, art, or gaming—the future is yours with<br />
Drip Haus and Itheum. You’re not just creating content;<br />
you’re creating a legacy and owning your data. Industries,<br />
gear up—the data revolution is just starting.<br />
Enter Itheum V2: Data for the AI Era<br />
Itheum recently revealed an upgraded roadmap that<br />
lasered towards data tokenization for the AI industry, and<br />
the smallest building block of this revolution is our Data<br />
NFT standard, which represents a single “unit” of data that<br />
AI can consume.<br />
Data NFTs aren’t just your typical digital collectible. It’s a<br />
groundbreaking technology that allows creators to embed<br />
real-world information into Data NFTs, making it accessible<br />
via blockchain technology.<br />
Why does this matter? Because data is the new gold,<br />
especially for industries hungry for it, like AI and machine<br />
learning. Itheum’s Data NFTs can support valuable information<br />
that benefits both the creator community and data<br />
consumers.<br />
An integral part of Itheum V2 is the Gamer Passport,<br />
currently in development, which will enable gamers to<br />
integrate their gaming data into the Itheum Ecosystem.<br />
This integration presents an opportunity for monetization<br />
through bulk trading of gaming datasets with industries<br />
hungry for data, such as the AI industry.<br />
The collection launched on Solana via Drip Haus represents<br />
the initial steps for individuals to engage with Itheum’s<br />
core technology excitingly. By participating, users not<br />
only embark on a fun journey but also have the chance to<br />
accumulate BiTz points. These points translate into Liveliness,<br />
granting access to Itheum’s other core products and<br />
features.<br />
Begin your BiTz collection on Solana by collecting Droplets<br />
on Drip Haus. Use these Droplets to participate in our drip<br />
channel and secure one of the limited edition IXPG2 Data<br />
NFTs.<br />
Subscribe to Itheum’s DRiP channel today: https://drip.<br />
haus/itheum.
@culturehacker<br />
Let’s dive into the world of Gillian Wearing, a pioneering British artist whose work explores identity, privacy, and<br />
the human condition through photography, video, and sculpture. #ArtThread Self Portrait at 17 Years Old, 2003<br />
18 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
One of her most iconic works, “Signs that say what you want them to say and not Signs that say what someone else<br />
wants you to say” (1992-1993), features people holding handwritten signs with personal messages. https://publicdelivery.org/gillian-wearing-signs/…<br />
#Photography Identity project, 1992 - 93<br />
Wearing’s fascination with masks is evident in her series “Album” (2003), where she wears masks to transform into her<br />
family members, raising questions about identity and self. Explore the series #Masks https://anothermag.com/art-photography/7906/the-many-selves-of-gillian-wearing…<br />
Self Portrait as my Mother Jean Gregory from the series Album,<br />
2003
On Video. Don’t Worry You Will Be in Disguise. Intrigued?<br />
Call Gillian Version II 1994<br />
“10–16” (1997) is a groundbreaking video piece where<br />
adults lip-sync to recordings of children discussing their<br />
lives, blurring the lines between reality and performance.<br />
Watch a clip https://youtu.be/36WUgFMDY-M?si=5HXpqTtAMrQrtHCu…<br />
10-16 , 1997–1997<br />
In “Confessions” (1994), Wearing invited strangers to<br />
confess their secrets on camera while wearing masks. This<br />
powerful series delves into themes of anonymity, vulnerability,<br />
and truth. View the series #Confessions Confess All<br />
“Self Made” (2010) is a fascinating film where ordinary<br />
people act out their fantasies or traumas, guided by<br />
Wearing. It explores the intersection of documentary and<br />
performance. See a trailer #Film https://youtu.be/r8L7P-
MurXwg?si=YlC558eg7G7YiUT5… Still from “Self Made” 2010<br />
Wearing’s series “Spiritual Family” (2008) features her transforming into famous artists<br />
like Andy Warhol and Frida Kahlo using prosthetics, questioning the nature of identity and<br />
influence.<br />
Explore the series https://youtu.be/oN8W8pP9QcM?si=Kc9eu45c2KTeTW7x… Me as<br />
Warhol in Drag with Scar, 2010
Gillian Wearing’s work challenges us to confront our own identities and societal norms. Through her innovative use of<br />
photography, video, and performance, she continues to inspire and provoke thought in the art world and beyond. Her<br />
explorations of identity, anonymity, and the human condition remain profoundly relevant. #ContemporaryArt “Gillian<br />
Wearing: Wearing Masks”(2021) Guggenheim Museum
0xskurtArlxrip_
Designz
NoirClubCatch22
Tavwp
Ashiya
Cinthia Ponce_NFT
Cayden
Cayden
Jooski
Dorin Photography
Dorin Photography
FranklinNFTs
FranklinNFTs
LeoIsidro
Negin Saeid
RMcCormick
Shars_Gallery
RubenSalvo
RubenSalvo
Soran
MarriaKinosian
SaharNFT
microcosmic
yasnasketch
Shipwreckedbones
The Laughing Bones Universe
TolgaMeric
TolgaMeric
culturehacker
kovbasyukphoto
damianScott_NFT
damianScott_NFT
Mike Hale<br />
Wallets, wallets everywhere...<br />
Nearly every action a user takes requires<br />
interaction with a wallet: storing and transferring<br />
digital assets, authenticating with<br />
dApps, and signing transactions.<br />
One roadblock for onboarding new users<br />
into Web3 is wallet complexity. This experience<br />
can be intimidating and wallets need<br />
to simplify this to onboard the next billion<br />
users.<br />
On that note, there was some big news from<br />
Solana wallet providers this week!<br />
First up Squads released Fuse wallet, which<br />
uses 2FA methods to keep users secure.<br />
Next is TipLink, who’s wallet uses Google<br />
login instead of seed phrases or extensions.<br />
And not to be outdone, Circle, which had announced<br />
Web3 Services integration with<br />
Solana a while back, has launched Phase 1<br />
which includes support for Programmable<br />
Wallets.<br />
It was also a big month for Phantom with<br />
the Bitski acquisition, and Backpack was updated<br />
with a bunch of features and improvements<br />
including support for the Metaplex<br />
Core NFT standard.<br />
These improvements to Solana wallets will<br />
help onboard new users into Web3 by making<br />
it easier for non-technical users to get<br />
started and help keep them safe.<br />
Check out the details below along with a<br />
roundup of all the latest news for Solana<br />
builders!<br />
Solana v1.18 Update<br />
The Solana 1.18 update marks a significant<br />
advancement in Solana’s performance, reliability,<br />
and efficiency.<br />
The biggest change in Solana 1.18 is the introduction<br />
of an optimized Central Transaction<br />
Scheduler. This scheduler replaces the<br />
previous model of four independent banking<br />
threads, each responsible for its own<br />
transaction prioritization and processing.<br />
Other key features and improvements in this<br />
update include:<br />
Transaction Prioritization<br />
Previously, prioritization was based primarily<br />
on compute budget priority, which could<br />
lead to suboptimal compute unit pricing.<br />
The new model takes into account the base<br />
fees collected, making resources appropriately<br />
priced.<br />
Improved Program Deployments<br />
Significant improvements have been made<br />
to program deployments in terms of reliability<br />
and execution efficiency.<br />
Epoch Transition Adjustments addresses an<br />
issue where programs deployed in the last<br />
slot of an epoch did not correctly apply the<br />
runtime environment changes planned for<br />
the subsequent epoch.<br />
Now, programs deployed during this transition<br />
period will use the upcoming epoch’s<br />
runtime environment, ensuring consistency<br />
and reliability.<br />
Handling Congestion<br />
Referred to as “The Congestion Patch” this<br />
update addresses Solana’s recent congestion<br />
issues:<br />
• QUIC Protocol Adjustments: QUIC<br />
now treats low-staked peers as<br />
unstaked peers in Stake-Weighted<br />
Quality of Service (SWQoS), preventing<br />
spam by nodes with minimal<br />
stake.<br />
• Improved Metrics: New metrics have<br />
been added for better visibility of<br />
packets sent from staked versus nonstaked<br />
nodes.<br />
• Optimized Packet Handling: Replacing<br />
instances of vec with smallvec<br />
saves an allocation per packet,<br />
optimizing how packet chunks are<br />
handled.<br />
The update also includes improvements to<br />
translation support for Solana’s official documentation.<br />
These improvements in Solana 1.18 are ex-<br />
62 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
pected to significantly enhance the network’s<br />
overall performance, making it more efficient<br />
and reliable for both developers and users.<br />
All You Need to Know About Solana’s v1.18 Update<br />
Bond Loyalty Platform<br />
Bond is a new platform and API by Solana Labs,<br />
that enables brands to use blockchain technology<br />
to create personalized loyalty programs.<br />
Bond enables engagement programs and digital<br />
activations where customers can connect<br />
and interact with the brand with custom privacy<br />
settings for company and customer data.<br />
Bond’s API is user-friendly and well-documented,<br />
making it easy for brands to understand<br />
and implement without prior blockchain experience,<br />
and can be easily integrated into current<br />
systems.<br />
Bond: Transform Buyer Relationships Into Lifetime<br />
Bonds<br />
Fuse Wallet<br />
Fuse, designed by Squads Labs, leverages<br />
smart accounts to offer a secure and programmable<br />
experience for users. Fuse is designed<br />
to address the limitations of traditional wallets,<br />
eliminating the need for seed phrases and centralized<br />
exchanges.<br />
Fuse uses a dual-layered security mechanism,<br />
which includes a Device Key stored locally on<br />
your phone and protected by Apple’s biometric<br />
authentication, and a 2FA Key set to iCloud by<br />
default, with an option to upgrade to a Ledger.<br />
Recovery mechanisms in Fuse are also more<br />
sophisticated. Users can add up to three Recovery<br />
Keys, allowing for wallet recovery without<br />
compromising security. Even if you lose your<br />
phone or 2FA Key, you can still regain access to<br />
your wallet.<br />
In addition to security, Fuse offers spending<br />
limits that enable users to define transaction<br />
limits for specific tokens and timeframes.<br />
Developers can implement custom logic and<br />
rules for onchain interactions, providing greater<br />
flexibility for their applications.<br />
After months of testing, Fuse is now available<br />
on iOS via Apple TestFlight. An Android version<br />
is planned for release soon.<br />
Fuse: Solana’s First Smart Wallet<br />
SolanaFM Explorer 2.0<br />
SolanaFM has release v2.0, which includes<br />
significant performance improvements and a<br />
host of new features designed to enhance their<br />
experience.<br />
Performance Improvements - SolanaFM has<br />
significantly enhanced its search responsiveness.<br />
Transactions for wallets, tokens, and programs<br />
now load 150% to 250% faster.<br />
Tagging and Labelling - Users can manage<br />
their own tags and labels within their profiles.<br />
This feature allows you to track whales and<br />
traders, edit your own tags and labels, and remove<br />
inactive wallets.<br />
Transaction Calendar - The Transaction Calendar<br />
tool lets you view the earliest transactions<br />
of any wallet, token, or program and jump to<br />
any date seamlessly.<br />
Introducing Explorer 2.0.0<br />
Circle’s Web3 Services<br />
Circle has announced the initial support for<br />
Web3 Services on Solana is now available.<br />
Starting with Programmable Wallets and Gas<br />
Station on Solana, this expansion enables developers<br />
to embed secure wallets seamlessly.<br />
Programmable Wallets offers a set of APIs and<br />
SDKs designed to help developers embed<br />
wallets in apps, even if they’re not familiar with<br />
blockchain infrastructure.<br />
Programmable Wallets abstracts away technical<br />
complexities like managing private key<br />
security, node infrastructure, transaction fees,<br />
onboarding, and authentication flows so that<br />
developers can focus on building and scaling<br />
their applications and business.<br />
Rollout for Solana support around Circle’s Web3<br />
Services will take place in phases:<br />
Phase 1: Enabling support for Programmable<br />
Wallets and Gas Station on Solana with API<br />
support for fungible token transfers with the<br />
ability to sponsor transaction fees on behalf of<br />
users.<br />
Future Phases: Support for NFTs and program<br />
interactions through Smart Contract Platform.<br />
These updates will unlock additional use cases<br />
such as NFT integration for brand loyalty and<br />
gaming, and the ability to interact and deploy<br />
your own programs on Solana.<br />
Developers can check out Circle’s Interactive<br />
Tutorials to learn how to deploy wallets on Solana<br />
usiing Web3 Services.<br />
Empowering the Solana Ecosystem: Circle’s<br />
Web3 Services is Now Available on Solana<br />
Tiplink Wallet<br />
TipLink has introduced the TipLink Wallet<br />
adapter, a self-custody crypto wallet that uses<br />
Google login instead of seed phrases or extensions.<br />
The wallet also enables seamless access<br />
across desktop and mobile.<br />
Tiplink Pro enables projects to distribute assets<br />
at scale with Campaign dashboards, customiz-
able links, and dispenser codes provide powerful tools to onboard communities. Users can create<br />
campaigns, mint new assets, and distribute them to a large audience with various customization<br />
options.<br />
TipLink has also implemented a security feature where only verified dApps are able to connect<br />
and sign transactions with the TipLink Wallet.<br />
This is a security measure to prevent users from inadvertently connecting their TipLink Wallet to<br />
malicious or unverified dApps, which could lead to their funds being drained or stolen.<br />
TipLink Unveils User-Friendly Wallet Aiming to Accelerate Mass Adoption on Solana<br />
Developer News<br />
Bridge to Turbin3 Bootcamp<br />
Rise In and the Web3 Builders Alliance (WBA), with support from the Solana Foundation, have<br />
launched the “Bridge to Turbin3 Bootcamp,” a free online program aimed at equipping participants<br />
with basic skills in Solana, TypeScript, and Rust to prepare developers for the Turbin3 Solana<br />
Developer Cohorts. The first cohort starts on June 25, 2024.<br />
JetBrains RustRover Rust IDE Released<br />
Eight months after its public preview, JetBrains has officially launched RustRover, a dedicated IDE<br />
for Rust development. This new release features numerous bug fixes and introduces a new licensing<br />
model, which includes a free plan for non-commercial use.<br />
Gameshift Releases Two New Features<br />
GameShift announced the launch of two new features: In-Game Token Support and Developer<br />
Wallets. The in-game token support allows games to import existing SPL tokens as game currencies.<br />
The new developer wallets are non-custodial and API-controlled, allowing game developers<br />
to manage item inventories, support on-chain economies, and enhance player engagement.<br />
Koh Solana<br />
IslandDAO has announced that after Breakpoint, Solana builders will have a new place for a<br />
month of connecting, coworking, learning, teaching, shipping, and fun together on Koh Samui,<br />
Thailand. The Koh Solana villa will be open from September 25th to October 25th.<br />
QuickNode Builder’s Guide<br />
The Builder’s Guide is a tool designed to empower developers creating common web3 types,<br />
organized by the solutions and critical layers that support them. Each solution lays the definitions<br />
and parameters to keep in mind, then suggests the tools you need to bring your project to life.<br />
While most of the tooling mentioned is EVM focused, the guide provides a lot of useful info about<br />
what developers should consider for each project type regardless of the blockchain they decide to<br />
build on.<br />
Funding<br />
Squads Labs announced a $10M Series A led by Electric Capital, with Coinbase Ventures, Placeholder<br />
VC, and Mert Mumtaz, co-founder and CEO of Helius participating in the round. This brings<br />
Squads’ total funding to $22.5 million.<br />
roadmap.sh is a community-driven initiative that creates roadmaps, guides, and other educational<br />
content to help developers choose their learning paths and guide their education.<br />
Spiderswap V1 API is now open to the public, enabling developers to integrate the SpiderSwap<br />
aggregator into their own dApps.<br />
Quick Hits<br />
Overview of Real World Assets on Solana Report - Reflexivity Research<br />
3 part series to get started with Solana development - @daglihet<br />
Optimizing Stockpile: Understanding pitfalls and optimizations in Stockpile v2 - Joey Meere<br />
Metaplex May Roundup - @metaplex<br />
Phantom Wallet May Recap - @phantom<br />
Backpack Wallet just got a big update - @Backpack<br />
Tips to rewrite EVM contracts to support Solana - @meltedblocks
Solana Summit APAC schedule released - @SolanaSummitOrg<br />
MagicEden adds support for Metaplex Core NFT standard - @MagicEden<br />
Listen to This<br />
Lightspeed<br />
Austin Federa joins Lightspeed for a discussion on the current state of Solana & the most exciting<br />
developments happening in crypto with a deep dive into the current state of Firedancer, how to<br />
build community within crypto & attracting developers to Solana.<br />
The State Of Solana In 2024 | Austin Federa<br />
Bonus Episodes<br />
Bringing Solana back from the dead with Bonk founder Nom - Midcurve<br />
This video is a conversation with Nom, the founder of Bonk, with an overview of Bonk’s marketing<br />
strategies and why he started Bonk. Nom shares insights on the early efforts that helped build<br />
the Bonk community, his readiness to face challenges head-on, and his vision for the continued<br />
growth of the Solana community.<br />
Solana’s Crypto Native Next-Gen CEX | Armani Ferrante - Empire<br />
In this episode, Armani, the founder of Backpack, dives into the technical and regulatory hurdles<br />
of running an exchange, the vision behind Backpack’s product offerings, and the valuable lessons<br />
learned from the rise and fall of FTX. He discusses the importance of focusing on the Solana ecosystem,<br />
the challenges of expanding into Japan, and the keys to long-term success in crypto.<br />
Fastest blockchain payments on Solana with Sphere Pay (feat. Arnold, co-founder) - Solfate<br />
Arnold, the co-founder of Sphere, shares his background and early experiences with crypto, including<br />
his journey to building Sphere on the Solana blockchain. He discusses the benefits of using<br />
Sphere to simplify crypto payments and integrations. Arnold also emphasizes the importance<br />
of understanding history in the context of blockchain.<br />
Ariel Seidman, CEO of Hivemapper, on DePIN, Decentralized Maps, and AI in Crypto - Cryptonews<br />
In a wide-ranging interview, Ariel Seidman, CEO and co-founder of Hivemapper, discusses what<br />
led him from Yahoo to creating ‘the freshest’ map of the world where mappers get rewarded. He<br />
talked about the differences between Google Maps and Hivemapper and how the latter works to<br />
surpass the tech giant.
Higher – Is it ever enough?<br />
LITE<br />
I’m the most terrifyingly boring person I know - I’m sure of that.<br />
I don’t party. I don’t do drugs really. I even used to go on these long walks by myself and just stop and start staring<br />
at the clouds moving. Literally — I’d stand there and just look at them for ages like some crazy person. If you<br />
want to know the truth, it doesn’t take a lot to impress me. I’m the type of guy that gets impressed very easily by<br />
stupid things. Small things. Like if a waitress introduces herself before she asks what you want to drink, for example.<br />
It sounds insane; but that’s the type of thing that would make me tip someone even more than I usually do.<br />
Waitresses never even introduce themselves these days. No one does anymore unless you ask.<br />
Anyway, I stopped going on these very long walks when I got into this thing called “Web3”. If you really want to<br />
66 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
get into it, I damn near lost 12 pounds last cycle cause I kept forgetting to eat. No shit. My doctor (she’s a sweetheart,<br />
even though she reeks of cigarettes) started freaking the hell out when I went in for my check up last cycle. I mean she<br />
was seriously neurotic as hell about it.<br />
She was all: “You need to start eating again. You’re skating a dangerous path, young man”, wagging her red fingernail in<br />
my face. You could just tell she painted them herself, cause the paint was all cracked. She was so insulted at the fact that<br />
I lost that much weight. Like she failed me, or something. That whole lecture was kind of annoying to me at the time, but<br />
I start smiling like a goof when I think about it these days. It’s a good thing to have people that look out for you occasionally,<br />
I guess.<br />
At one point, Web3 consumed every fibre of my being. There was always something to do, I mean. I’d wake up at 4 AM<br />
to catch this play and miss someone’s birthday to catch that one. It’s horrible, I know. But this was the “future” — and I<br />
didn’t want to miss out on it. I wasn’t going to miss out on Solana going to a thousand bucks, or the next “100x”, because<br />
in my head, that meant I’d lose out on my future happiness.<br />
Slowly, I began to become desensitized to money. I was unappreciative of it, if I’m being completely honest. Along with<br />
that, my ability to be easily impressed by things evaporated overnight. A good friend once told me “Crypto kind of feels<br />
soulless.” Not to be dramatic, but my obsession with things going higher kind of made me feel it. Like I was losing fragments<br />
of my soul. Bits and pieces, here and there, like a rotten tooth that chips more each day.<br />
One time, an ex-girlfriend went off on me about how all I cared about was money. That really pissed me off back then. I<br />
was visibly red. Steam out the ears and all. But I was only so mad because she was right. Guys hate to admit it, but women<br />
are right a lot of the time.<br />
It’s kind of obvious that a lot of good things happen in Web3, but it’s also the metaphorical “last chance” for a lot of us,<br />
too. It’s our tunnel out of the rat race created by the sins of our fathers. But crypto… in a lot of ways, is a rat race. It’s not<br />
our fault. It all feels like Squid Games, if you’ve ever seen it.<br />
Whether you’re a founder, or a trader, an artist or a developer… It feels like there’s a constant pressure to perform.<br />
It’s like, you feel pretty good about your portfolio or the art you sold, but then you see a 6-figure screenshot of some<br />
16-year-old’s phantom wallet on Twitter.<br />
You see your childhood idol, Hulk Hogan, rug millions of dollars in your face.<br />
It makes you wonder what all of it means. It all feels like capitalism and keeping up with the Joneses eloped and had a<br />
foursome with AI and an infinite money printer. It makes so much sense, and no sense at all.<br />
These days, I’ve chilled the hell out. I just observe a lot of things now. I buy art and design a ton. I even took one of those<br />
crazy walks I was telling you about again and watched the clouds for a bit. I’m still busier than ever, but there’s a rhyme<br />
to it now, at least. Not to sound all sappy, but I feel my soul coming back. I think it’s safe to say I didn’t like the version of<br />
me that was overly obsessed with money.<br />
I guess I didn’t like him because he never asked himself “is it ever enough?”<br />
The older me would say “it’s never enough”. In fact, the old me would probably be simping on the timeline for Iggy Azalea<br />
right now as we speak. (Nothing against the folks that do that. She’s a very attractive woman.)<br />
But it is easy to spiral into a void of soulless conversations about “memecoin this” and “memecoin that” if you surround<br />
yourself with people that don’t care about anything but money. Eventually all you care about is Solana hitting $1000.<br />
And for the record, I think it will. But will you be happy when it does?<br />
And if not, when will you be?<br />
What happens if the memes you own end up owning you?<br />
From someone that went through it all, make your bag, but don’t lose your soul. Take care of yourself and your family.<br />
Think about the people that look out for you. Take a vacation or buy a house or something. Whatever makes you happy.<br />
Or… keep gambling, I guess. I don’t know. You don’t have to take any of my advice, you know. I won’t be offended. Maybe<br />
you just like to read me ramble.<br />
Either way; I still like Web3 a bit too much…<br />
Just not for the original reasons I thought I did.
@FabianoSolana<br />
The cat is one month old. I may not hold a lot of meme coins, but mark my words: Maneki<br />
could be the next big thing alongside Bonk and Wif.<br />
Reason #1: Team<br />
During the last month, 10,000-20,000 new tokens were created daily on Solana. Unfortunately,<br />
99% of them are going to zero. Most of them don’t have a team or an actual plan.<br />
History proved that you need to deliver even as a meme coin (see Bonk and Wif). Maneki<br />
has a huge team of devs, illustrators, animators, and more!<br />
68 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
Reason #2: Art<br />
Maneki has some of the best art in the whole<br />
Web3. With Maneki traveling through the<br />
world, it also combines storytelling. Daily<br />
graphics, GIFs, videos, and more are proof of<br />
some good in-house illustrators, I think.<br />
Reason #4: Marketing<br />
The marketing of Maneki is impressive! While<br />
the cat is traveling around the world, the team<br />
seems to do the same. Maneki at Times<br />
Square, in London, or at NYSE. A famous<br />
UFC fighter called @MerabDvalishvili is the<br />
new Maneki ambassador. It looks like they also<br />
started a huge campaign on different web2<br />
platforms. Paid or not paid, it’s positive if a<br />
proven web3 brand is trying to onboard new<br />
people.<br />
Reason #3: Community<br />
Maneki bounced back 80% from the ATH mark,<br />
which is a good sign. Accounts like @Maneki-<br />
Army also give me early bonk vibes. It’s safe to<br />
say that Maneki is currently building the foundation<br />
of a strong community.<br />
Reason #5: Chart<br />
I don’t think that you can compare projects one<br />
to one... Still, some chart patterns repeat. Maneki<br />
bounced 80% from the ATH mark. At this<br />
point, I’m confident we’re going to see a new<br />
ATH sooner or later... NFA as always<br />
I’m a big paper hand when it comes to trading<br />
meme coins. Here I have a really good feeling.<br />
Let’s see where it will take us!
Classic Token Creator<br />
https://t.co/cBBJIKPs3B<br />
Solana Classic, symbolized by SCLASSIC, is a grassroots initiative within the Solana<br />
blockchain community.<br />
Our mission is to cultivate a dynamic community of Solana enthusiasts by providing<br />
a platform for collaboration and innovation. The Solana Classic Community<br />
HUB serves as a central hub, highlighting top projects, trends, news, events, and<br />
NFTs within the Solana ecosystem.<br />
With the introduction of the Classic Token Creator, users can now easily create and<br />
personalize their own tokens, unlocking new opportunities for creativity and expression<br />
on the Solana blockchain.<br />
Solana Classic has gained a lot of traction since launching almost 3 months ago<br />
on the Solana Blockchain. Last week they reached over 2 million of volume per day<br />
and a marketcap above 4 million.<br />
The Classic Token Creator is Officially Live and Ready for the General Public!<br />
We are thrilled to announce the release of the Classic Token Creator, now live and<br />
accessible to everyone! This innovative tool allows users to easily deploy their own<br />
tokens on the Solana Blockchain, offering a seamless and efficient experience.<br />
Explore the Classic Token Creator Here: https://www.deployer.solanaclassic.org<br />
Announcement on X: t.me/SolClassicAnnouncements<br />
Key Features of the Classic Token Creator:<br />
The Classic Token Creator provides an all-in-one, user-friendly interface for token<br />
deployment with the following functions:<br />
70 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
Contract Creation: Deploy your token contract for just 0.4 Solana.<br />
Revoking Mint Authority: Revoke mint authority for free.<br />
Freezing Mint Authority: Freeze mint authority for free.<br />
Burning All LP Tokens: Burn liquidity provider tokens for 0.1 Solana.<br />
Handy Buttons:<br />
Create Market ID: Simplify market creation for your token.<br />
Add Raydium LP: Easily add liquidity to Raydium pools.<br />
Revenue Allocation:<br />
All revenue generated through the Classic Token Creator will be reinvested into the Solana<br />
Classic ecosystem. This includes:<br />
Buybacks and Burns: Enhancing the value of existing tokens.<br />
Marketing Efforts: Expanding our reach and visibility.<br />
Development: Continuous improvement and innovation.<br />
Support and FAQs:<br />
We’ve included a comprehensive FAQ section to assist new users and will expand it as the<br />
tool gains traction. Additionally, a support button links directly to our Telegram group, ensuring<br />
that our global support team is always available to address any questions or concerns<br />
regarding the Classic Token Creator or the Solana Classic project.<br />
Recent Milestones:<br />
We are excited to announce that Solana Classic has been recently listed on CoinMarket-<br />
Cap! This listing enhances our visibility and accessibility within the broader cryptocurrency<br />
community. Check out our CoinMarketCap listing here: https://www.coinmarketcap.<br />
com/currencies/solana-classic/
Upcoming Releases:<br />
We are excited to announce the upcoming release of Community HUB Phase 2, which<br />
will include more project listings, a top gainers section, live charts, trading volume information,<br />
and much more to enhance the HUB’s interactivity and comprehensiveness.<br />
Additionally, we will be launching the Deployer Channel soon. Stay tuned for more updates<br />
and join us in making the Solana Classic Community HUB a dynamic and engaging<br />
platform for all!<br />
Join the Solana Classic Community:<br />
We invite you to explore the Classic Token Creator and join our growing community of<br />
developers and blockchain enthusiasts. Stay updated with our latest news and developments<br />
by following us on X and joining our Telegram group.<br />
For More Information:<br />
Visit the Classic Token Creator: https://www.deployer.solanaclassic.org<br />
Follow us on X: https://www.x.com/sol__classic
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agoesanggito<br />
DaveT
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illxmono<br />
lukoart_
leeellis
ujangnft<br />
leeellis
makoto
designzbychance<br />
makoto
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sharkcatsolana
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woolies
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 />
90 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
Use ours, or host and brand your own. https://mcswap.xyz #Trustless #NFT #CNFT $SOL #Solana By<br />
@McDegensDAO
THE STEP SUMMER BURN<br />
Sheldon<br />
Step Finance announces “Summer Burn” to burn 50 Million STEP tokens over four weeks, Kicks off with 12.5<br />
million burn.<br />
Step Finance is making waves this summer with its «Step Summer Burn» program. The initiative kicked off with<br />
the burning of 12.5 million STEP tokens in its first week, with plans to burn a total of 50 million STEP over the<br />
next four weeks. This significant reduction in token supply, equivalent to 8% of the total supply and 13% of the<br />
circulating supply, is a strategic move aimed at fostering long-term value for STEP holders.<br />
The burned tokens were accumulated in the Step fee wallet, which receives 100% of Step Organization revenue<br />
through open market buybacks. By removing these tokens from circulation, Step Finance is demonstrating a commitment<br />
to creating a more deflationary environment for STEP and potentially enhancing its value proposition.<br />
Furthermore, as the protocol grows and generates more revenue, the value accrual to existing token holders is<br />
amplified due to the reduced supply. This stands in contrast to models where new tokens are constantly minted<br />
to fund rewards, potentially diluting the value for existing holders.<br />
Exploring Diverse Value-Driven Strategies<br />
The Step Summer Burn program is a prime example of how projects in the crypto space are continuously exploring<br />
innovative ways to create and distribute value to their communities. Step Finance already has a staking rewards<br />
program in place, further enhancing the attractiveness for holders seeking both immediate and long-term<br />
value. While various mechanisms like buybacks, staking rewards, and airdrops exist, token burns offer a distinct<br />
advantage in directly impacting the token’s supply and potential value.<br />
For instance, GenesysGo’s shdwDrive utilizes 25% of its generated fees to buy back SHDW tokens, which are then<br />
distributed to stakers as rewards. This approach aims to incentivize long-term holding and active participation in<br />
the platform.<br />
Similarly, Only1, a web3-based Onlyfans platform on Solana, has implemented a revenue-based buyback program<br />
92 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
to reduce the circulating supply of its token and potentially increase its value.<br />
Solana’s High Float, Low FDV Trend<br />
There’s a growing trend in the Solana ecosystem to launch tokens with higher circulation and lower FDV. STEP is<br />
currently one of the top Solana tokens with one of the highest circulating-to-total supply ratios. This has sparked wider<br />
discussions within the crypto community and even caught the attention of Binance, the world’s largest cryptocurrency<br />
exchange.<br />
Top Solana tokens Circulation supply percentage ( Data by Coingecko)<br />
In a recent statement, Binance encouraged projects with lower to medium valuations and strong fundamentals to apply<br />
for their listing programs, implicitly acknowledging the potential benefits of this approach.<br />
This shift in launch strategy is seen by many as a way to create a more inclusive and equitable investment environment.<br />
By offering a larger portion of the total supply at launch, often at valuations aligned with earlier funding rounds, these<br />
projects allow retail investors to participate alongside venture capitalists on the same floor. This can lead to a more balanced<br />
price discovery process and potentially mitigate the risk of price dumps following token unlocks that are common<br />
with lower circulating supply models.<br />
Step Finance’s Summer Burn program is a significant step towards a more deflationary and value-driven environment for<br />
its token holders. By embracing strategies like token burns, aligning with high float low FDV tokens, and implementing a<br />
multi-faceted reward structure, including staking, Step Finance is leading the way in more innovative ways to drive value<br />
back to the community.
@0xGumshoe<br />
Solana stays WINNING even if you don’t see it on the<br />
Charts Here’s everything happening on Solana right<br />
now.<br />
News<br />
- Squads Protocol raises $10M<br />
- Sanctum announces CLOUD<br />
- Solana removes malicious Validators from Delegation<br />
Program<br />
- Solana’s first smart wallet (Fuse Wallet) launches to<br />
iOS users<br />
- Mainnet Upgrade v1.18.15 going live<br />
Solana Stats<br />
- TVL at $4.6B<br />
- Over 1.2M Unique Wallets (Weekly)<br />
- Raydium, Orca and Meteora as top pool providers to<br />
Jupiter<br />
- SOL, GME, BEER, MOTHER as the most traded tokens<br />
Strong data as it has been for a while.<br />
Solana vs World<br />
Four of of the 10 biggest DEXes by weekly on chain volume<br />
are Solana native. In case you’re wondering why<br />
Jupiter isn’t here, volume is routed through protocols<br />
like Orca, Raydium and Meteora.<br />
Stablecoin Market Cap<br />
SOL price peaked with a stablecoin supply of $2.7B. We<br />
are approaching that same level now, will be interesting<br />
to see what happens next.<br />
Monthly DEX Volume<br />
May 2024 was the second-best month for on chain volume<br />
on Solana. After 6 months of exponential growth,<br />
data shows Solana is not a fad.<br />
94 <strong>SHILL</strong> <strong>Issue</strong> #<strong>165</strong>
Jupiter continues shipping!<br />
From new integrations, to lower trading fees, to pioneering<br />
a shift in sentiment around the PVP term, this has been<br />
another strong week for JUP!<br />
Trading Fee Reduction<br />
Open/close fees on Jupiter Perps have been reduced<br />
from 0.1% to 0.07% and JLP now earns 75% of the fees on<br />
Perps. Overall, it’s a big win for both liquidity providers and<br />
traders.<br />
CLOUD!<br />
Sanctum announced their token CLOUD, which will be<br />
launching on the LFG Launchpad. This was one if not the<br />
shortest “farming” seasons I’ve seen and in addition the<br />
token starts at the same FDV as the last raise which is<br />
amazing.<br />
First time writing a report with my own charts<br />
Scam Filtering<br />
Jupiter stopped displaying impostor tokens with the same<br />
name and symbol. There are more updates to come which<br />
will eliminate the risk of users buying scams / impostor<br />
tokens.
2fancrypto
aabii1986
aghasiani
aitezoart
aitezoart
culture
loop
marcelokato
morph
omaxuga
pvm
pigment
srchappell
supernova
vgu3rra
metawoofer
create your own mix
RubenSalvo