Covering multiple areas such as DeFi, stablecoins, and PayFi.
Author: Kaito AI
Compiled by: Deep Tide TechFlow
Decentralized Finance (DeFi)
Sanctum (FP Lee)
Creator Coin of Sanctum: A new type of currency that allows anyone to build, develop, and profit from their community. Staking rewards belong to the creator, and they can exit without loss.
Cloud Card: The world's first Solana debit card, supporting the use of stablecoins and SOL in over 100 countries. Partners include VISA and Jupyter.
Sky (Rune Christensen)
Launching an upgraded version of the stablecoin USDS on Solana.
Launching an upgraded governance token SKY on Solana.
Introducing a tokenized form of savings interest on Solana.
Introducing a large liquidity incentive program to provide SKY tokens on Solana.
Kamino (Marius C.)
Official launch of KaminoLend V2, including market layer and insurance pool layer to drive the next adoption of Solana.
The market layer in KaminoLand V2 allows the creation of markets suitable for various risk configurations, including stablecoins, real-world assets, and meme tokens (tokens based on internet culture).
The insurance pool layer in KaminoLand V2 simplifies the liquidity provision for users and partners to create insurance pools.
KaminoLand V2 introduces a new user experience to simplify leverage operations, long or short positions, and access to liquidity.
Spot Leverage is a new product in KaminoLand V2 that simplifies long positions on Solana through the new market and insurance pool layers.
Marinade Finance (Michael Repetny)
Marinade v2 introduces Marinade Native, a non-custodial solution that allows users to retain control of their SOL while staking.
Marinade v2 introduces the Protection Staking and Collateral (PSR) system, ensuring staking rewards are protected by requiring validators to set collateral for SOL.
Marinade v2 unveils the staking auction market, allowing stakers to auction their delegated SOL to Solana validators for the highest rewards.
Marinade announces a strategic partnership with Zodiac and Copper, allowing customers to use Marinade v2 on their custody platforms.
Pyth Network (Mike Cahill)
Pyth Network launches Pyth Price Feeds v3, equipped with oracle integrity staking to provide protected price feeds for data accuracy.
Oracle integrity staking allows participants to stake with publishers to ensure data quality and earn up to 10% in returns.
Flash Trade (Anas Khader)
Flash Trade is launching a new token aimed at eliminating linear vesting schedules and aligning incentives for token holders through governance and yield generation.
Flash Trade is introducing Margin Engine v2, promising to be the most efficient margin engine with the lowest fees and innovative fund mechanisms.
Flash Trade is introducing limit orders applicable to perpetual markets and spot tokens.
Squads Labs (Stepan Simkin)
Squads Protocol v5 is under development, with new features including hooks, synchronous trade execution, new permissions, and performance improvements, set to be formally verified and released on the Solana mainnet later this year.
In addition, Fuse Pay is introduced as a virtual global Visa prepaid card, allowing users to directly spend stablecoins from the Fuse wallet, utilizing secure transactions with self-custody smart accounts, initially launched in the United States.
FluxBot (Scott Hague)
Scott Hague announces the launch of Fluxbeam Infinity, a new product designed to enhance trading with unified data terminals, integrated Fluxbot for advanced trading functions, and an automated algorithmic trading platform.
Additionally, the keynote emphasized Fluxbeam's achievements over the past year, including the success of RugCheck in combating Solana scams and the launch of Fluxbot Telegram trading bot.
Zeta Markets (Tristan Frizza)
The launch of ZEX, a decentralized exchange offering improved performance and user experience, including faster confirmation times and a better wallet user experience.
Introduction of Bullet, Solana's first real-time L2, aimed at enhancing Solana to support ultra-low latency use cases.
Polaris (Sunny Aggarwal)
Polaris is a newly announced token portal that aggregates liquidity from different venues and chains, providing users with a single interface to trade all tokens across all chains.
Polaris Vaults is a unique feature that extends existing wallets to support networks they do not natively support, using multi-party computation (MPC) services to create a new key controlled by existing wallets.
The autopilot feature in Polaris Vaults automates complex transactions across multiple networks, efficiently handling transaction steps and gas fees.
Ranger (FA2)
Ranger announces the launch of an intelligent order router to address liquidity fragmentation by routing large orders to multiple decentralized exchanges (DEX).
Ranger introduces spot margin trading, allowing users to engage in spot trading with up to 10x leverage.
Ranger plans to integrate three additional perpetual contract DEXs, a peer-to-peer over-the-counter (P2P OTC) platform, and on/off ramps into their smart router.
Wormhole (Robinson Burkey, Dan Reecer)
Introducing two Intent protocols: one for local-to-local exchanges, and another allowing developers to build protocols on top of it.
Upgrading Portal for improved speed, cost, and user interface/user experience (UI/UX), upgrade already live.
Launching Wormhole Institutional to enhance multi-chain tokenized asset transfers.
Upgrading Wormhole Connect and SDK for improved integration and functionality.
Obligate - Margarita Finance (Nadine Gisdon, Daniel Killenberger)
- Obligate launches Margarita Finance, a platform that allows users to select their risk-reward preferences and directly blend their own yield enhancers on Solana.
Eclipse (Vijay Chetty)
Eclipse is currently running on the developer mainnet and plans to migrate to the public mainnet in October.
Eclipse has launched the Unified Restaking Token (URT) for ETH, used for liquidity restaking tokens in DeFi.
Eclipse is developing a restaking token for Solana LRT.
Eclipse is collaborating with Orca, Solend (rebranded as Save), and Mango to develop DeFi applications on their platform.
Eclipse is developing a unique block explorer experience.
SphereNet
- This is a decentralized platform that leverages the Solana Virtual Machine to connect fintech companies, banks, and other institutions to improve interoperability for open finance and consumer applications.
DePIN & AI
Filecoin (Juan Benet)
Launched the Yellowstone project and Old Faithful to archive Solana data in a decentralized manner.
Introduced new features for indexing and random access to compressed data and zero-knowledge proof compressed data (zk-proof).
New features allow NFT media and websites to be automatically backed up when entering the Solana chain.
Dabba (Karam Lakshman)
Dabba has launched thousands of broadband connections and hotspots in India to improve internet connectivity.
Dabba has initiated a transition program to help local cable TV operators in India transition to fiber internet service providers.
Dabba has introduced a system where global users can purchase hotspots and connectivity hardware, installed by local cable TV operators, and receive Dabba token rewards.
Pipe Network
Pipe Network is a content delivery network using superlocal nodes, aiming to transmit data faster by reducing latency.
Pipe Network is currently in a private testing phase, where users can join the testnet by running Pipe Network nodes or using Pipe CDN.
Project Zero (Alan Chang)
Project Zero is a decentralized energy network aiming to achieve decarbonization and relieve grid congestion.
Fuse Energy app: a licensed retail energy supplier app displaying real-time energy usage and future token rewards.
Fuse Installation Marketplace: a platform for one-click purchase of solar panels, batteries, and electric vehicle chargers.
Gradient Network (Yuan Gao)
Gradient Network has launched Sentry Node, a browser extension aimed at promoting global peer-to-peer connections while measuring latency to enhance connectivity and maintain the vitality of the decentralized ecosystem.
Gradient Network aims to create an open edge computing layer leveraging the potential of edge computing, and develop a unified computing layer through innovative developments like DePin to meet this demand.
Render Network (Trevor Harries Jones)
Upgrades for Solana have been completed, and the new Burn Mint Equilibrium model is now fully operational.
One-click Render C4D Wizard is now live, simplifying the artist's creation process.
Redshift is now in public testing on Render Network.
Significant progress has been made in Blender Cycles integration, now moved to the testnet.
The API has been expanded to allow compute clients to reserve access to GPUs on an instance basis.
CrunchDAO (Jean Hérelle)
CrunchDAO has launched a new product called Pi, allowing users to generate unique datasets through simple questions, with a focus on the forex market, and generate unique time series data.
Users can connect their wallets and interact with Pi, unlocking new insights and opportunities in a $12 billion annual market size field through relevant document processing questions.
Moonwalk Fitness (Caitlin Cook)
Moonwalk iOS app is set to be launched soon.
Subsequent launch of the Moonwalk Android app.
Implementation of fiat payment channels using Apple Pay, PayPal, and credit cards for game entry.
dVIN Labs (David Garrett)
- dVIN Labs has launched a Champagne NFT, serving as a digital representation of a physical bottle of champagne and including VinCoin airdrop. ```
VinCoin is now available on Jupiter, providing new opportunities for trading and acquiring this digital currency.
Stablecoins
Perena (Anna Yuan)
Perena has launched its first product, Numeraire, which is a bounded, scalable multi-asset stable exchange with configurable balanced design aimed at effectively managing liquidity on Solana.
Perena plans to support diverse stablecoin issuers and introduce layered synthetic dollars with isolated risk in the future.
Solayer (Jason Li)
Solayer announces the launch of Solayer USD, a yield token backed by RWA assets in collaboration with Open Eden.
Solayer is launching SUSDC, a self-rebased stablecoin running on Solana, maintaining a token price of $1 and reflecting value accumulation through the quantity held.
Coins.ph (Wei Zhou)
Coins.ph launched a stablecoin called PHPC in July, approved by the central bank and fully backed by cash.
PHPC will be launched on the Solana network in the next quarter.
Coins.ph will introduce liquidity pools for PHPC and USDT, as well as PHPC and USDC on Solana.
Securitize & Wormhole (Carlos Domingo, Robinson Burkey)
Securitize announces a collaboration with Wormhole and Solana to enhance the scalability and cross-chain interoperability of its tokenized assets, enabling the deployment and transfer of tokenized securities across multiple blockchains.
This collaboration will facilitate a unified multi-chain user experience, compliant with institutional requirements, allowing Securitize to maintain token status and liquidity synchronization across different blockchains including Solana.
ZAR (Brandon T)
ZAR is a platform launched to accelerate the adoption of stablecoins in emerging markets by leveraging existing mobile payment agent networks, creating a decentralized cash channel.
ZAR has introduced a wallet that supports only stablecoins, simplifying user complexity and equipped with a debit card for cash withdrawals and daily expenses.
ZARSOLANA provides a public cash gateway for Web 3 platforms, equipped with an SDK for any wallet or application to integrate its cash entry services.
Wallet/ Payments
Rally (Chris Maddern, Christine Hall)
- Rally is developing a mobile-first multi-user Web3 wallet aimed at enhancing user engagement through seamless social connections, local payments, gas-free transactions, and social referral programs.
Reap (Felix Chung, Raphael Dieu)
Reap has launched the Reap Card, a Visa card that supports payments using stablecoins.
Reap has introduced Reap Pay, a B2B payment product allowing stablecoin payments in fiat currency.
Reap announces integration with Solana, allowing users to operate and develop Web3 projects using stablecoins.
Sling (Mike Hudack)
The launch of Sling Link integrates Solana, stablecoins, and real-time payment networks, enabling instant global remittances.
Introduction of self-custody wallet feature, allowing users to own their keys and integration with Phantom.
USDC and USDP stablecoins have been added to Sling to enable seamless transactions.
Expansion of instant remittance services to over 150 countries and achieving interoperability within the Solana ecosystem.
WalletConnect (Jess Houlgrave)
WalletConnect announces the launch of WalletConnect token, which will be used for governance and as a payment system for the WalletConnect economy.
Reown has launched AppKit, a complete developer toolkit containing embedded wallet, social account login, exchange, and cash entry, currently live on Solana.
Reown has launched WalletKit, a toolkit for wallet developers aimed at communication through the WalletConnect network.
CodeWallet (Tanner Philp)
- Code Wallet has introduced a new feature called "tip card," allowing creators to link their X account to generate custom tip cards for community growth and monetization.
Bridge (Marco Mahrus)
Bridge announces a new feature allowing users to spend directly from their stablecoin balance using a card accepted anywhere.
Fuse Pay wallet users can now create a card account within the app, providing a self-custodied card product with delegated card balance and controlled spending limits.
The new card product is integrated with Apple Pay, supporting both offline and online transactions.
Bridging
Debridge (Alex Smirnov)
Introduced a zero TV intent bridging model, enabling instant transfers and guaranteed exchange rates.
Introduced local Bitcoin transactions on Solana through deBridge's cross-chain infrastructure.
Launched gas-free bridging and same-chain intent on Solana.
Introduced social finance applications based on deBridge.
The DPR token will go live on October 17th at 8 AM UTC.
RWA/ PayFi
Huma (Erbil Karaman)
Huma Protocol will be launched on Solana, becoming one of the most advanced RWA protocols on the platform.
Huma Finance has processed $1.9 billion in PayFi transactions, with a 10% month-over-month growth and no credit defaults.
PayFi is introduced as a new product for RWA, aiming to bring sustainable double-digit returns on-chain.
Kast Finance (Raagulan Pathy)
Kast Finance has launched a Solana validation node, offering 0% commission and 100% MEV kickback with an annualized yield of 7.6%.
Kast has introduced Payfi, allowing users to borrow 60% of their SOL holdings interest-free.
Solana cards are now open for reservations, including a free virtual card and a premium black metal card with additional benefits.
Kast has released the Solana Solid Gold Card, the heaviest solid gold card ever, now open for reservations with only 100 units available.
DeSci
Pump.science (Paul Kohlhaas)
Pump.science has launched a market for real-time testing of early longevity cocktails or compounds, with experiments conducted on worms.
Introduced Pump.fund, a trading platform for real-time data streams from tokenized longevity experiments.
Two markets have been deployed and are now trading on both platforms.
Gaming & NFT
Magic Eden (Jack Lu)
Introduced a seamless login multi-chain identity product, allowing users to create a Magic Eden account and manage multi-chain addresses through social login.
Introduced functionality to trade all asset categories across all chains on the Magic Eden marketplace.
Expanded the experience on Magic Eden, adding more types of quests and reward programs.
Adopted the ME token as the core utility token and reward incentive, allowing users to earn rewards and claim through the mobile app.
DRiP (Vibhu Norby)
Launched the DRiP Creator Studio a month ago, allowing creators to publish their content and media as collectibles on the Solana blockchain.
Announced the public beta of DRiP Mobile on iOS and Android, showcasing features including gas-free transactions and encrypted auctions.
Parallel (Kohji Nagata)
Introduced "Colony," a semi-survival simulation game supported by Solana, optimized for mobile, where players collaborate with AI and other players to help their colony survive disasters and collect rare resources.
Announced "Colony" is now fully playable on iOS and Android devices, with a richer world, expanded character collection, and new NPCs, with a closed alpha version set to be released in early 2025.
Tensor (Richard Wu)
Tensor has open-sourced all five protocols, creating an open NFT financial layer, including NFT marketplace, NFT AMM, PriceLock, SQL, and whitelist.
Tensor provides a free comprehensive Web2 API, allowing users to clone their entire frontend in a day.
Introduced a new business model with a 50-50 split, where 50% of fees go into the Tensor Foundation treasury, and 50% is directly allocated to developers.
The Tensor Foundation has officially opened their grant program, supporting developers building on their protocols.
FrodoBots (Michael Cho)
FrodoBots has launched their first game title "Earth Rovers," a browser game where players control semi-robotic beings for real-world navigation tasks.
Introduced a treasure hunt game mode, allowing players to purchase robots for $300 and participate in an experience similar to Pokemon Go to collect loot boxes and NFTs.
Photo Finish Live (Ian Cummings)
Photo Finish Live is now the first real-money horse racing game approved by Apple.
Photo Finish is the launch partner for Seeker.
Bonk for Paws: Only Pawsible on Solana (Veets, Tendies)
Launched Bonk for Paws, a charity initiative within the BONK ecosystem, using blockchain technology to donate to animal charities.
Introduced a platform feature allowing users to donate in Solana or USDC, with the option for anonymous donations or obtaining tax receipts.
Launched a matching donation program, with donations matched in BONK, while burning 1% of the donated amount in BONK.
Introduced the BowBow fashion series merchandise sales, with 100% of the proceeds matched and donated to charity partners.
Analytics
CryptoHouse (Derek Chia)
Launched CryptoHouse, a free blockchain analytics service, powered by ClickHouse and supported by Goldsky.
Introduced Goldsky's Mirror, a core product providing real-time data services for CryptoHouse through data pipelines.
ReFi
Powerledger
Powerledger is expanding to the Solana mainnet, migrating its products from the Powerledger blockchain to Solana.
The current ERC20 token POWR will be issued on Solana, with a portion being locked to enable its use on Solana.
A liquidity pool for POWR tokens will be created on Radium to facilitate trading on Solana.
Powerledger is releasing limited edition NFTs, scanning their QR codes will qualify participants for a POWR token airdrop on Solana.
Bitcoin on Solana
Zeus (Jim Ironaddicteddog, Dean Little)
Apollo, a platform where users can deposit BTC and earn yields on Solana, has been officially launched.
ZeusScan, an exploration tool for Bitcoin and Solana interaction, is now live at ZeusScan.io.
Introduced ChatBuffer, a SPPF assembly parallel data buffer optimized for fast on-chain data transactions.
Locos, a library implementing the entire Bitcoin protocol in Rust, is planned to be open-sourced in the first quarter of 2025.
Stacks (Muneeb Ali)
- Stacks developers are working to bring sBTC to Solana, enabling Bitcoin to be used on a faster and programmable platform.
Others
Jambo (James Zhang, Sam Kang)
Jambo V2 was released at the 2024 Solana Breakpoint, priced at $99, with specifications doubled, supporting delivery to 128 countries, and equipped with Jambo GPT for accessing ChatGPT and real-time cryptocurrency information.
Jambo V2 includes functionality for direct operations through JamboGPT and comes pre-installed with the Jambo wallet for future interactions.
Jambo V2 will begin shipping within a month and can be ordered via QR code, with delivery expected within two months.
Jambo announced an upcoming integration with Mr. Bonk for airdrops to Jambo V2 phones in the coming months.
Blinks (Chris Osborn)
In June, Dialect partnered with the Solana Foundation to launch Blinks, a new technology enhancing URL functionality, allowing users to directly perform actions when sharing links.
On the day of release, Blinks allows users to directly perform actions in their timeline, such as token swaps, NFT minting, participation in governance votes, and subscription to premium content, and has been integrated with wallets like Phantom and Backpack.
Blinks expanded its functionality, including signed messages, optional transactions, and external links, surpassing the capabilities of Web2 platforms, creating a highly portable and composable internet experience.
Risc Zero (Jacob Everly)
RISC Zero introduced a zkVM, allowing developers to write programs in Rust, significantly reducing development time while enhancing security and maintainability.
RISC Zero launched an innovation called "continuations" for generating infinite proofs, enabling developers to achieve infinite execution.
RISC Zero announced the ability to verify complex transaction strategies and integrate Web 2.0 infrastructure within zkVM, such as ZK login and OAuth tokens.
RISC Zero is building a protocol called the Verifiable Computing Layer, allowing any blockchain to flexibly request execution, similar to how Chainlink provides price data for each chain.
BonkBot (Nom)
BonkBot is transitioning to a fully non-custodial platform.
The BonkLive platform has been launched for trading new tokens.
A new fashion series called BowBow and Venta has been introduced to support animal charities.
The first Bonk exchange-traded product similar to Bonk ETF has been launched in collaboration with Osprey Funds.
MetaDAO
MetaDAO has launched a real-time decision market on Solana to assess the impact of proposals on local tokens.
MetaDAO plans to introduce decision markets for any metric, allowing startups, enterprises, and governments to measure the impact of various decisions.
Mantis (Omar Zaki)
The launch of Mantis, a Solana network extension focused on handling user intent, includes components such as Mantis Rollup, Mantis Protocol, and Mantis Applications.
Introduction of Mantis Rollup, a native IBC SPM Rollup on Solana, allowing users to submit intent from Ethereum and Solana and earn local rewards.
Launch of Mantis Protocol, facilitating intent processing and settlement between different chains, equipped with network solvers, similar to the UniswapX and CoW Swap experience on Ethereum.
Travala (Juan Otero)
Travala announced integration with the Solana network, allowing users to trade assets such as USDT, USDC, and SOL with zero transaction fees, and plans to deploy the AVA token on Solana based on community voting by the Solana Foundation.
Introduced an open loyalty program driven by the AVA token, providing an interconnected Web3 experience within the Solana ecosystem.
Legion.cc (Fabrizio Giabardo)
Introducing Legion.cc, a compliant platform for fundraising and token issuance activities before TGE.
Legion.cc features a reputation system to ensure high-quality network participants and enhance investor responsibility.
Legion.cc offers bidirectional opt-in functionality to bring a private market experience to a larger audience.
Compliant ICOs will soon be launched on Solana through Legion.cc.
Kinobi (Loris Leiva)
Kinobi's launch, a developer tool aimed at creating IDL for Solana programs and achieving interoperability.
A new feature has been introduced in Kinobi that allows for the generation of program clients in multiple languages, including a JS client compatible with the new version of Web3.js.
Kinobi has announced the capability to generate complete applications, including CLI tools, documentation websites, and React components.
A feature has been launched that allows users to create custom Kinobi IDL by merging existing IDLs, enabling the generation of client without external dependencies.
Forma (Farhaj Mayan)
The first Solana economic zone has been launched in Buenos Aires, Argentina, featuring a two-tier campus space for collaboration and development.
Over 2,000 small businesses in Argentina have implemented Solana USDT payments, expected to go live next week.
Arcium (Yannik Schrade)
Arcium has launched ARC-OS, the first decentralized cryptographic operating system designed to support Arcium.
Arcium has released a custom Rust compiler, allowing developers to compile any Rust program into a format that Arcium can securely handle, adding confidentiality and security to their applications.
Ottersec (Robert Chen)
Robert Chen discussed a common error in the Solana Rust compiler that leads to random stack corruption due to oversized arrays allocated in secure Rust, primarily due to stack overflow issues. He emphasized the importance of compiler warnings and recommended checking logs to avoid unexpected behavior in smart contracts.
To mitigate this issue, Chen suggested using updated versions, such as Anchor's v2.0, disabling direct mapping in the testing environment to capture stack overflows, paying attention to compiler warnings, and also recommended reading assembly code to understand the underlying occurrences.
Finternet (Siddharth Shetty)
Introduced "Finternet," a system aimed at enabling individuals and businesses to have complete control over various types of assets using a universal ledger infrastructure.
Tokenization functionality has been launched, allowing institutions such as commercial banks and asset management companies to issue electronic representations of assets to users.
A framework for interoperability between multiple ledger infrastructures has been developed to accommodate different asset types.
Third-party service providers, such as custodial service providers and insurance companies, have been incorporated to enhance trust and security in transactions within the Finternet system.
Streamflow (Malisha imprfekt)
Streamflow is set to launch permissionless token staking services in October, allowing staking of any token and creating staking pools with any token as a reward.
Streamflow is introducing Aligned Unlocks, a milestone-based token unlocking mechanism, set to go live in October, applicable to tokens on Solana.
Streamflow will launch its token in October as part of the Streamflow V2 plan, aiming to decentralize the platform and transform users into stakeholders.
Bonsol (Austin Adams)
- Bonsol is an offline computing framework, now available on the mainnet and devnet, allowing for the expansion of program capabilities on Solana without limitations on computing units or transaction size.
World ID on Solana (Ian Dilick)
World ID is being introduced for integration on the Solana blockchain, with the assistance of Wormhole Labs, migrating from the Ethereum mainnet to Solana.
DSCVR has launched their World ID integration, allowing users to log in via World ID.
DRIP has integrated World ID, providing water drop rewards to users verified through World ID.
Forgd (Shane Molidor)
Forgd has launched Token Designer, a comprehensive software toolkit for managing various aspects of token economics, including supply and demand modeling and performance simulation after Token Generation Events (TGE).
Forgd offers integration with over 30 major market makers, as well as an automated RFQ process for interacting with market makers.
Forgd provides exchange listing tools, allowing users to track historical performance, access listing fees, and conduct due diligence on centralized trading venues.
After token issuance, Forgd transitions into a command center, providing a dashboard to monitor market maker activity, track global liquidity, and trading volume.
Forgd has launched a token unlock monitoring tool, allowing users to track inflation, monitor selling pressure, and correlate these with price performance to optimize pricing strategies.
Helio (Stijn Paumen)
Helio has announced the launch of Blinks for Shopify, enabling Shopify brands to sell products directly from the virtual marketplace.
Helio has introduced a new feature in its dashboard, allowing merchants to offer discounts to Seeker holders, a group of 200,000 customers knowledgeable in cryptocurrencies.
Helio has expanded its Web3 feature suite, allowing for airdrops at the time of purchase and enabling merchants to accept their own tokens as payment on Shopify.
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