Solana Breakpoint Review: Highlights of Popular Trends in the Ecosystem
Another year of Breakpoint, what are the must-watch hot stocks?Author: Lila, BlockBeats
From September 20 to 21, the fourth Breakpoint conference was held in Singapore. In addition to the main venue, over 40 side events were organized. Many well-known founders of ecological projects, including Bybit CEO Ben Zhou, OKX Chief Innovation Officer Jason Lau, Circle CEO Jeremy Allaire, and Visa's crypto chief Guy Sheffield, attended the conference.
The Breakpoint conference is the largest and most influential event in the Solana ecosystem, embodying the entire Solana ecosystem's expectations for information exchange regarding value judgments, future directions, and wealth codes. Following TOKEN2049, Breakpoint continues the Web3 wave in Singapore, providing an unparalleled stage for developers and enthusiasts of the global Solana ecosystem, promoting innovative development and cross-domain collaboration within the Solana ecosystem.
It is worth mentioning that last year's Breakpoint coincided almost perfectly with SOL's explosive growth period. Will Solana repeat last year's explosive narrative this year? Additionally, the latest news indicates that the next Solana Breakpoint will be held in Abu Dhabi from December 11 to 13, 2025, which is also highly anticipated.
BlockBeats provided real-time coverage and reporting of this conference, here are the hot updates:
September 21
Jambo launches Jambo Phone 2, still priced at $99
On September 21, the Web3 phone Jambo announced the launch of Jambo Phone 2 at Solana Breakpoint, integrated with Solana, and still priced at only $99, supporting shipping to 128 countries/regions.
Jambo Phone 2 is equipped with Jambo GPT, and users of both Jambo Phone 1 and 2 will receive rewards from Jambo ecosystem partners.
Sanctum to launch Creator Coins, Cloud Card, and Wonderland Season 2
On September 21, FP Lee, Co-Founder of the Solana ecosystem LST protocol Sanctum, announced at the Solana Breakpoint conference the launch of "Creator Coins," allowing anyone to build, grow their community, and profit from it.
Sanctum will also collaborate with BasedApp and Jupiter to launch the world's first SOL card, "Cloud Card," which will support users in over 100 countries/regions to use SOL and stablecoins. Additionally, it was announced that Wonderland Season 2 will also be launched.
Re-staking protocol Solayer to launch yield stablecoin SUSDC
On September 21, the Solana ecosystem re-staking protocol Solayer announced at the Solana Breakpoint conference that it will collaborate with OpenEden to launch the yield stablecoin SUSDC.
Previously reported, on August 28, Solayer completed a $12 million seed round of financing, led by Polychain Capital, with participation from Big Brain Holdings, Hack VC, Nomad Capital, Race Capital, ABCDE, and Arthur Hayes' family office Maelstrom. This round of financing brought Solayer's valuation to $80 million.
Solana validator client Firedancer now live on mainnet
On September 21, Liam Heeger, a blockchain and protocol engineer at Firedancer, announced at Solana Breakpoint that the Solana validator client Firedancer, developed by Jump Crypto, is now live on the mainnet (non-voting mode).
Parallel founder: Survival simulation game Colony plans closed testing in early 2025
On September 21, the founder of Parallel stated at the Solana 2024 Breakpoint conference that the survival simulation game Colony plans to conduct closed testing in early 2025. Additionally, Colony has been optimized for Solana phones.
Coinbase plans to introduce cbBTC to Solana
On September 21, Hassan Ahmed, head of Coinbase Southeast Asia, announced at today's Solana Breakpoint 2024 conference that Coinbase intends to introduce its issued cbBTC token into the Solana ecosystem, aiming to promote the integration of Bitcoin with high-performance public chains.
September 20
Sky co-founder: Plans to bring Sky to the Solana network and launch a weekly 2 million SKY incentive program
On September 20, Rune, co-founder of Sky (formerly Maker), stated at the Solana 2024 Breakpoint conference that a proposal to bring Sky to Solana would be submitted.
The plan will use the Wormhole bridge to connect SKY, USDS, and sUSDS, and allocate 2 million SKY weekly to Solana DeFi protocols integrating USDS and SKY through an incentive program.
Circle CEO: Will collaborate with Solana to launch AI agent features in 2025
On September 20, Circle CEO Jeremy announced at the Solana Breakpoint conference that in 2025, they will collaborate with Solana to launch AI agents to ensure the flexibility and security of wallets and other infrastructures, enhancing the speed and stability of interactions with apps and protocols, and reducing transfer fees. Jeremy also mentioned that USDC currently supports 15 chains, with a total transaction volume exceeding $12.6 billion, expanding to over 100 countries.
Market news: Franklin Templeton plans to launch mutual fund on Solana
On September 20, at today's Solana Breakpoint conference, it was reported that Franklin Templeton, with $1.3 trillion in assets under management, plans to launch a mutual fund on Solana.
Phantom announces launch of embedded wallet to help developers streamline new user registration process
On September 20, Phantom announced at today's Solana Breakpoint conference the launch of an embedded wallet to help developers simplify the new user registration process.
It is reported that this embedded wallet does not require a mnemonic phrase; users only need an email address and a four-digit PIN to create a secure self-custody account. The wallet is fully functional, including Swap, balance viewing, transaction monitoring, etc.
BlockBeats previously reported that Phantom announced the acquisition of the NFT platform Bitski, supported by a16z, in late May this year. As part of the deal, Phantom will bring the "embedded wallet" feature to Solana to simplify the process, marking Phantom's first acquisition.
Solana independent validator client Frankendancer officially launched on Solana mainnet
On September 20, Kevin Bowers, chief scientist of the Solana independent validator client Firedancer, demonstrated the operation of Frankendancer on the mainnet at the Solana Breakpoint conference. Additionally, Frankendancer uses a hybrid validator client combining parts of Firedancer and Agave.
Jupiter announces acquisition of DEX aggregator Coinhall
On September 20, Siong Ong, co-founder of Jupiter, announced on Friday at the Solana Breakpoint event in Singapore that, in addition to the blockchain explorer Solana FM, Jupiter has also acquired Coinhall, the top DEX aggregator on Cosmos.
It is reported that Coinhall is an on-chain trading terminal providing Swap services between decentralized trading platforms on Solana and Cosmos blockchains. According to Ong, Coinhall has over 225,000 users across 23 chains.
KOLs and research institutions that personally participated in this Solana Breakpoint conference summarized the key points of the event, which BlockBeats compiled and reposted as follows:
Sam Morris - Ghostwriter
Solana Breakpoint 2024 has arrived as scheduled.
Over 5,000 developers, investors, and enthusiasts gathered in Singapore to explore the latest innovations happening on Solana. Keynotes, debates, and fireside chats on two main stages, from left curve to right curve.
Let's uncover the highlights of Breakpoint together.
Major Announcements
Firedancer Client: The introduction of the Firedancer client to the mainnet will enhance Solana's scalability and performance. This upgrade will shorten transaction times and increase network throughput.
Improvements to Proof of History (PoH): The conference delved into the ongoing advancements of the proof of history consensus mechanism, emphasizing its role in maintaining high-speed transactions and security for the network.
Jupiter Mobile: Jupiter Mobile has officially launched, aiming to attract millions of users to the Solana ecosystem. This mobile platform will offer zero fees and allow users to purchase $SOL via Apple Pay, Google Pay, or credit card. The platform also provides a one-click swap feature, simplifying cryptocurrency trading.
Ape Mint Protocol: Jupiter also launched the Ape Mint protocol, allowing users to create and publish Memecoins on the Solana blockchain. The transaction fee for Ape Mint is set at 0.5%, competitive compared to other platforms (such as Pump Fun, which charges 1%). The protocol supports Google login and is optimized for mobile.
Focus on DeFi
MEV & DeFi Day: A full day dedicated to maximizing extractable value (MEV) in DeFi. Speakers from major DeFi projects like Drift Protocol and Helius Labs discussed how MEV impacts trading strategies and liquidity on Solana.
Community Building Initiatives
Block Zero Summit: This event brought together validator nodes and community members to discuss the future of the decentralized Solana ecosystem and how to strengthen community engagement.
DRiP Haus Event: Focusing on creators and collectibles, this event highlighted the importance of NFTs in the Solana ecosystem, showcasing new tools and platforms available for creators.
Key Partnerships
Franklin Templeton: This institution managing $1.3 trillion in assets announced plans to launch a mutual fund on the Solana network, allowing both institutional and retail investors to access Solana assets.
Société Générale Forge: This collaboration aims to launch a euro-pegged stablecoin (EUR) on Solana that complies with MiCA regulations.
Citibank Collaboration: Suggests potential partnerships that will drive seamless transactions and advanced smart contract applications on the Solana network.
Conclusion
Solana is no longer just hype. It is now a true competitor in the blockchain space. With the Firedancer client going live on the mainnet, competitors will find it hard to match, and those downtime incidents will never happen again. Has Solana become a true Ethereum killer?
Chip the Researcher | HC Capital
Solana Breakpoint 2024 Highlights
Breakpoint 2024 has just concluded, let's review the most noteworthy highlights.
- Firedancer officially launched
The Firedancer client has officially gone live on the Solana mainnet! During the live demonstration, Firedancer processed up to 1.04 million transactions per second—an impressive figure, right? With this event, Solana's "mainnet testing phase" has officially ended.
- Jupiter Exchange releases major updates
- Metropolis API: Provides the most comprehensive token list, including real-time price and liquidity data.
- Jupiter RFQ: Collaborates with top market makers on Solana to enhance liquidity.
- Jupiter Perps v2: More effectively manages community liquidity and risk.
- Dove Oracle Standard: Offers gas-free transactions, significantly improving performance.
- Jupiter Mobile app: Attracts millions of users with 0% exchange fees.
- ApeJupiter Pro: No seed phrase required, with a fee of only 0.5%.
- New projects: LF G V2, FOX, and G.U.M. are in development.
Solana phone SEEKER launched: SEEKER has officially launched, but unfortunately, a prototype was not showcased at the event. Everyone is looking forward to experiencing it firsthand!
PayPal's endorsement: PayPal stated, "Solana is more suitable for payments than Ethereum." This is a strong endorsement from PayPal.
Phantom Wallet: Just launched an integrated wallet that supports login via email and PIN, making operations more convenient than ever.
Franklin Templeton: This giant managing $1.3 trillion in assets announced plans to launch a mutual fund on Solana.
Citibank: Exploring the migration of funds and smart contracts to Solana.
Coinbase: Plans to launch native cbBTC on Solana.
Tensor NFT Marketplace: Launched http://Vector.fun and fully opened the source code for Tensor development tools.
Magic Eden: Shared more information about the upcoming $ME token and new cross-chain trading features.
And more exciting news:
- Bonk Inu: Launched $BONK ETP in the U.S.
- Render Network: Transferred 60% of assets from Ethereum to Solana.
- Kamino Finance: Announced new spot leverage features.
- Sanctum: Launched "Creator Coins" and the world's first physical SOL card.
- Pyth Network: Introduced Oracle Integrity Staking (OIS).
- Solayer Lab: Launched the re-staking protocol for $SUSDC.
- Zeus Network: Released Zeus Scan.
- Zeta Markets: Showcased Solana's first L2 solution.
- Hivemapper: Sold data to three of the top ten mapping companies globally.
- Iggy Azalea: Launched a crypto casino called Motherland using the $MOTHER token.
- Backpack: Launched a payment system in Singapore in collaboration with StraitsX.
- Audit Wizard: Developed the open-source analysis tool Radar.
- Arcium: Plans to build a global supercomputer utilizing Solana's energy.
- Fuse Wallet: Launched a virtual Visa card Fuse Pay for stablecoin payments.
- Société Générale: Launched the first EUR stablecoin compliant with MiCA on Solana.
- Renzo Protocol: Launched ezUSDC.
- Reown (formerly WalletConnect): Expanded to Solana and introduced the WCT token.
- Huma Finance: Integrated its PayFi network with Solana.
- Helio Pay: Launched Blink, enabling direct payments for Shopify stores.
- Soar Chain: Migrated to Solana.
- Marinade Finance: Established a partnership with Zodia Custody.
- Sky Ecosystem: Launched the $USDS SPL stablecoin.
- Streamflow: Plans to launch permissionless staking tokens in October.
