ChainCatcher news, according to a report by Messari, institutional investment in Solana-based applications surged to $173 million in the third quarter of 2024, an increase of over 54% compared to the previous quarter. Despite a 37% decrease in funding rounds, this amount set a record for the highest investment in Solana since the second quarter of 2022.

ChainCatcher news, according to official sources, Layer3 Solana is now live, marking the expansion of its Web3 consumer hub, and providing a better user experience and distribution layer for Solana applications, supported by L3 tokens natively provided through Wormhole on Solana.

ChainCatcher news, at the Solana Breakpoint conference, Franklin Templeton announced plans to launch a money market fund on Solana. Mike Reed from Franklin Templeton introduced Solana's technology at the Solana Breakpoint summit, including its high speed, low cost, modern architectural innovations (such as token scaling and development tools), and its community, explaining why they chose to build on Solana.Once launched, Franklin Templeton will become the first asset management company to issue securities on Solana based on a publicly registered statement with the U.S. Securities and Exchange Commission.

ChainCatcher news, according to official sources, the digital bank Revolut will launch Cat in a Dogs World (MEW).It is reported that MEW is a leading cat-themed meme token on the Solana blockchain, aimed at breaking the dominance of dog-themed meme tokens.

ChainCatcher news, the cross-chain bridge deBridge plans to issue the governance token DBR on the Solana ecosystem's Jupiter LFG platform at the end of August, and will issue 200 million DBR tokens at a price of $0.025 each, accounting for 2% of the total supply.

ChainCatcher news, according to a report by Cointelegraph, based on data compiled by the venture capital firm Pantera Capital, over 60% of the increase in decentralized exchange (DEX) trading in May occurred on the Solana blockchain, with Solana's share of DEX trading volume rising from 0% in early 2021 to 24% in May 2024.Additionally, the number of unique active addresses on the network has increased from 14,000 in October 2020 to nearly 1.3 million in May 2024.

ChainCatcher news, according to Bitcoin.com, in the past seven days, the number of tokens issued by Solana has surpassed the total number of tokens issued by Ethereum, Base, Optimism, Blast, and Arbitrum in the past 11 days. Since June 1, these five networks have issued a total of 80,235 new tokens; however, in the shorter span of seven days, Solana issued 115,773 tokens.A large number of new Meme coins launched in recent months are based on Solana. In the past month, over 500,000 tokens have been issued on Solana, with metrics from June 11 showing that 549,386 new tokens were minted within 30 days.So far, there are 1.25 billion SOL-based tokens on the Solana blockchain.

ChainCatcher news, according to Fortune, stablecoin issuer Paxos has received approval from New York financial regulators to expand its stablecoin to the Solana blockchain, with plans to launch on January 17, 2024. This is the first time the regulator has allowed it to issue stablecoins outside of Ethereum.

ChainCatcher message, the decentralized wireless network Helium will stop network operations at 00:00 Beijing time on April 19. During the transition to Solana, Helium network coverage proof and data transmission will continue, but users will not be able to transfer tokens or interact with the Helium blockchain.During this period, hotspot device owners or token holders do not need to take any action, and users can access their tokens at any time after the migration is complete. (Source link)

ChainCatcher news, Solana co-founder Anatoly Yakovenko has proposed a new plan to change the fee mechanism of the Solana blockchain, mentioning the establishment of a dynamic base fee that is calculated based on the current load on the Solana network, charging for each computational unit of transaction requests. Overall, this would reduce fees during periods of low network activity and increase fees as load rises. (source link)

ChainCatcher news, according to Blockster, at the Solana BreakPoint conference held in Lisbon, Stephen Hess, the CEO of Metaplex Studios, the development company behind Solana's NFT hosting and minting platform Metaplex, announced a partnership with Beeple aimed at promoting the latter's entry into the Solana chain NFT market.Stephen Hess revealed a new feature inspired by Beeple at the conference, which will invite users to create their own unique NFTs using "Beeple Everyday." More details about this feature will be released later this week. (source link)