ChainCatcher message, Coinbase tweeted that its cbBTC has been launched on the Solana network. Currently, projects including Jupiter, Kamino, Phoenix, and Raydium have all supported cbBTC.

ChainCatcher news, according to The Block, the Solana network set a record for the highest number of monthly active addresses in October 2024, exceeding 123 million. This figure represents an increase of over 42% compared to September, far surpassing the fewer than 12.7 million active addresses in January of this year.Eden Au, research director at The Block, stated that the recent surge in Solana's activity is primarily driven by a trading frenzy of meme coins on the network, with the meme coin generation app Pump.fun and the decentralized exchange Raydium being particularly active over the past month. Data shows that Pump.fun's monthly revenue exceeded $30.5 million in October, while Raydium's trading volume surpassed $30 billion that month.Analysts also pointed out that the rapid rise of the meme coin Goatseus Maximus (GOAT), associated with the AI chatbot Terminal of Truths, has led to the birth of numerous AI-themed meme coins on Solana, further boosting network activity.

ChainCatcher news, according to The Block, Bitget Research's chief analyst Ryan Lee stated that given the current market sentiment, increased activity, and the ongoing development of the Solana ecosystem, along with significant partnerships, he expects the bullish sentiment for Solana in October to outweigh the bearish sentiment, potentially rising to a price range of $160 to $180.Lee noted that Solana's $110 support level has shown resilience during market downturns, including the liquidation event in early August. He also emphasized that Solana has consistently been at the forefront during the recovery phase of high market cap tokens. Additionally, meme coins within the Solana ecosystem have demonstrated strong growth and have been one of the strongest sectors during the rebound.According to on-chain data, the number of daily active addresses on Solana saw a significant increase in September. Zeta Markets founder Tristan Frizza mentioned that compared to less than 1 million in previous months, Solana's average daily user count now exceeds 3 million. This increase in activity may be driven by a collective interest in Solana as a whole, trends like meme coins, and the involvement of celebrities and creators such as Iggy Azalea, which have attracted retail interest in the ecosystem.

ChainCatcher live report, at the Solana Breakpoint conference, Solayer co-founder Jason announced the launch of the yield stablecoin $SUSDC in collaboration with OpenEden. This yield stablecoin generates returns through re-staking on the Solana network.It is reported that Solayer is a re-staking protocol based on the Solana network, and OpenEden is currently the first and only tokenized RWA to receive a Moody's rating, with its treasury holding hundreds of millions of dollars in assets.

ChainCatcher message, Robinhood Wallet adds support for the Solana network, allowing users to self-custody Solana tokens through Robinhood Wallet and send and receive tokens via the Solana blockchain.

ChainCatcher news, PayPal's dollar-pegged stablecoin PYUSD has surpassed its supply on the Ethereum network on the Solana network. As of now, the supply of PYUSD on Solana has reached 377 million, while the supply of PYUSD on Ethereum is 356 million.

ChainCatcher news, according to CoinDesk, cryptocurrency bank Anchorage CEO Nathan McCauley stated that the company is increasing custody support for tokens on the Solana blockchain.The federally chartered custodian will initially allow its clients (ranging from venture capital firms and hedge funds to protocol libraries) to store a limited number of tokens that comply with Solana's SPL standard.Anchorage began increasing custody support for Solana-based tokens in 2022 and only added staking support last year. McCauley mentioned that the company has been waiting to establish and launch custody support for SPL tokens, rather than acting too quickly or prematurely, as the chain has already faced some setbacks.

ChainCatcher message, according to Whale Alert monitoring, about 3 hours ago, USDC Treasury minted an additional 250 million USDC on the Solana network.

ChainCatcher news, according to Whale Alert monitoring, USDC Treasury minted 250 million USDC on the Solana network 2 minutes ago.

According to ChainCatcher news, the official announcement states that the OKX Web3 wallet has become the first wallet to integrate Jito services, further enhancing the user experience for transactions on the Solana network. With this integration, users can select the "Turbo" mode when using the OKX Web3 wallet for Solana network transfer services, effectively increasing the success rate of transactions on the chain during congestion.It is reported that Jito Labs is a company focused on providing the maximum extractable value (MEV) solutions for the Solana ecosystem blockchain. The OKX Web3 wallet is an industry-leading one-stop Web3 gateway, now supporting over 95 public chains.

ChainCatcher news, according to official sources, stablecoin issuer Circle has announced that its Web3 services are now expanding to the Solana network, starting with programmable wallets and Gas Station on Solana. This expansion will enable the Solana developer community to seamlessly integrate secure, intuitive, and enterprise-grade wallets.It is reported that Circle's Web3 services support for Solana will be implemented in phases:In the first phase, programmable wallets and Gas Station will be supported on Solana. More specifically, its API will support the transfer of fungible tokens and will be able to sponsor transaction fees on behalf of end users.Future versions will include support for NFTs, as well as programmatic interactions through smart contract platforms; these updates can unlock support for other use cases, such as brand loyalty and gaming NFT integration, as well as the ability to interact with and deploy programs on Solana.

ChainCatcher news, according to The Block, due to the low entry threshold and the surge in demand for creating popular memecoins, nearly 500,000 tokens were launched on the Solana blockchain in May.According to data from The Block Pro, 455,000 tokens were created on Solana in May, while 177,000 tokens were created on Ethereum Layer 2 Base, and 39,000 tokens were created on the BNB chain. In contrast, fewer than 20,000 tokens were created on the Ethereum mainnet and Layer 2 networks Arbitrum and Optimism.

ChainCatcher news, according to Cointelegraph, intermittent congestion on the Solana blockchain has forced several crypto projects to delay their launches. Solana developers previously stated that their goal is to complete the fixes by April 15. Users of the Solana blockchain have reported an increasing number of network congestion and transaction error issues over the past few weeks. New projects, especially those planning to issue tokens, have decided to postpone until the technical challenges are resolved.Some Solana projects waiting for congestion solutions include the NFT project Suit up, the altcoin project DuckCoin, and the Solana staking rewards platform Surge Finance.As of now, users have reported delays in sending Solana (SOL) tokens on the crypto exchange Coinbase. According to incident reports, Solana has been investigating the issue for over 8 hours, but these problems do not affect trading or fiat deposit and withdrawal functions.

ChainCatcher news, Helius CEO Mert Mumtaz explained on social media the reasons behind the recent network instability of Solana.He pointed out that the current issues with Solana do not stem from a design flaw in the protocol, but rather from a bug that occurred in a specific implementation. Solana uses the QUIC network protocol, but the version of QUIC currently in use has some defects and errors.The CEO further explained that the design of the protocol is like the overall design of a car, while the specific implementation is similar to different brands of car models. If a particular brand model has issues, it does not mean that all cars have design flaws. Solana only needs to replace the problematic "parts" without changing the entire "model."He revealed that the implementation being developed by Firedancer does not have the same issues. The fix is expected to be released on April 15, and if other problems are discovered during testing, the launch time may be delayed.In addition to technical issues, the CEO believes that Solana also needs to consider long-term economic sustainability factors, and after fixing the bugs, it can more clearly plan the local fee market and economic incentives.

ChainCatcher news, Solana co-founder Anatoly Yakovenko stated that to address the congestion issues on the Solana network, the Solana development team is designing effective solutions, and a software patch is also in development, but it will take some time. The 1.18 version update, scheduled for release in April, will introduce enhancements to make transaction scheduling more deterministic, aiming to streamline the processing and reduce bottlenecks.The current congestion may extend to the network's infrastructure, thereby affecting users' ability to interact with the blockchain. In this regard, Solana's Agave validator client developer Anza will release a patch to address specific issues related to the QUIC implementation. These updates are expected to improve client performance, especially in scenarios involving a large number of requests.

ChainCatcher news, Solana's new software development company Anza tweeted that it has made significant progress after collaborating with core contributors to analyze the root causes of Solana network congestion and evaluate multiple potential changes, with hopes to start releasing fixes next week. In addition, the Anza team tested a patch for the current network congestion yesterday. The officials stated that the core issues are related to the QUIC implementation and the behavior of the Agave validator client when handling a large number of requests. The team will roll out more improvements and changes over the coming months.

ChainCatcher news, Bithumb announced that due to issues with the Solana (SOL) network, the withdrawal services for Solana (SOL), ROA Core (ROA), Access Protocol (ACS), Zebec (ZBC), Pyth Network (PYTH), and Jupiter (JUP) are temporarily delayed.

ChainCatcher news, DAO Maker announced on social media that it will expand to the Solana network.It is reported that the upcoming actions include: adding a $2 million SOL liquidity pool on Raydium; launching 4 Solana IDO projects; and YOURAI will go live on Raydium next Tuesday.

ChainCatcher news, Binance has announced that its Web3 wallet has completed integration with the Solana network. This update allows users to easily manage and trade tokens on the Solana network through the Binance Web3 wallet and access various decentralized applications (dApps). The newly added Solana-based dApps include Drift, Dual Finance, Jito, Jupiter, Magic Eden, MarginFi, Orca, PsyOptions, Pyth Network, and Raydium.

ChainCatcher news, the decentralized L1 liquidity protocol THORChain officially stated that users can view all assets of THORChain at any time, and Solana (SOL) will be available soon.