ChainCatcher news, according to SolanaFloor, at the Solana 2024 Breakpoint conference, Magic Eden CEO Jack Lu announced that the ME token will be launched on Solana.In addition, Magic Eden will also launch a feature that allows users to trade assets across multiple chains, including trading assets like Bitcoin runes with Solana NFTs, enhancing cross-chain trading capabilities.

ChainCatcher news, according to CryptoSlam data, in the past 7 days, Bitcoin NFT trading volume reached 55.22 million dollars, Ethereum NFT trading volume reached 48.82 million dollars, and Solana NFT trading volume reached 24.58 million dollars.

ChainCatcher news, the NFT trading platform Tensor based on Solana, announced that it will issue a token TNSR, with more details about the token release to be announced "soon."The Tensor protocol will be managed by the Tensor Foundation and governed by the Tensor community using TNSR.

ChainCatcher message, in the past 7 days, Solana NFT trading volume reached 92.06 million USD, surpassing Ethereum NFT trading volume of 91.32 million USD during the same period for the first time.In addition, in the past 7 days, Bitcoin NFT trading volume reached 365 million USD.

ChainCatcher news, according to CryptoSlam data, the trading volume of Solana NFTs in the past 24 hours reached $14.9 million, surpassing Ethereum (with a trading volume of about $13.19 million).Data shows that the trading volume of Solana NFTs increased by approximately 54.16% in the past day. Tensor currently dominates the Solana NFT market, accounting for nearly 76% of the market share in the past 24 hours, while Magic Eden holds about 16% of the market share.

ChainCatcher news, Solana infrastructure startup Helius has launched Solana NFT Compression, allowing developers to mint large quantities of NFTs at a low cost through the Digital Asset Standard (DAS). This is achieved by maintaining the NFT state off-chain with indexing companies like Helius rather than on-chain accounts, ensuring that off-chain and program interactions are legitimate and secure through a verification mechanism.Compression eliminates the need for complete on-chain storage while retaining Solana's decentralization, security, and programmability. The compressed NFTs are stored in the Merkle tree of the Solana ledger and off-chain indexers. These compressed NFTs are not native Solana tokens and do not have token accounts, mint accounts, or metadata; each Merkle tree has an account that can accommodate millions of NFTs, requiring API calls to read any information about the compressed NFTs. All NFT modifications must go through the Bubblegum program, and compressed NFTs can be converted into regular NFTs, but not vice versa.According to the crypto data platform RootData, on October 20, 2022, Helius announced the completion of a $3.1 million seed round financing, led by Reciprocal Ventures and Chapter One, with participation from Solana Ventures, Alchemy Ventures, Big Brain Ventures, Propel VC, and angel investors including Magic Eden co-founder Zhuoxun Yin and Squads co-founder Stepan Simkin. (Source link)

ChainCatcher news, Solana NFT infrastructure Metaplex CEO Stephen Hess announced layoffs on Twitter early this morning, but did not disclose the specific scale of the layoffs. He stated, "While our financial situation has not been directly impacted by the FTX collapse, the indirect effects on the market are significant, which requires us to take a more conservative approach moving forward." He also mentioned that Metaplex plans to focus on several key initiatives: royalty enforcement, creator studios, integration, compression, and the continuous improvement of development tools and SDKs.Previously, at the Solana BreakPoint conference held in Lisbon a few days ago, Metaplex reached a partnership with Beeple to promote the latter's entry into the Solana on-chain NFT market. (Source link)

ChainCatcher message, Messari data shows that in the past month, Magic Eden accounted for 77% of the Solana NFT market share, and hadeswap climbed to third place in the "Other Best" Solana market rankings, indicating that the bonding curve pricing market may be suitable for low-fee chains. (source link)

ChainCatcher news, OpenSea officially announced that it has temporarily removed the display of popular NFTs on Solana from the homepage to prevent "ranking manipulation." They are currently exploring a long-term solution and will provide more information in the future. In addition, OpenSea stated that this change will not affect the Solana filter on the statistics page. (Source link)

ChainCatcher news, Magic Eden has reached a strategic partnership with the Solana NFT aggregator platform Coral Cube to accelerate the expansion of its ecosystem. Magic Eden stated that Coral Cube has built one of the highest-performing and fastest trading experiences on Solana.Additionally, although Coral Cube is a 0 royalty platform, Magic Eden stated that it will not lower to 0 royalties due to this partnership. (Source link)

Chain Catcher news, Solana's NFT infrastructure Metaplex announced that it will launch the governance and utility token MPLX on September 20. NFT projects launched using the Metaplex protocol have the opportunity to receive an airdrop, and the snapshot has been taken. Additionally, Metaplex will open a proposal vote on Monday regarding the airdrop to collectors. Holders of MPLX can vote in the Metaplex DAO and directly participate in the future development direction of the protocol.It is reported that Metaplex aims to create a "World NFT Protocol" by providing development tools and open standards for the NFT community, used for digital asset issuance and on-chain ownership. In January of this year, the project completed a $46 million financing led by Multicoin Capital and Jump Crypto. (source link)