Week in Solana: SOL Dips, DeFi TVL Pumps, RWA Tokens Surge, Stripe USDC Goes Live

This week, Solana saw a mix of highs and lows across its ecosystem, with its native token SOL dipping 1.61% to $141.85.

Solana (SOL) had a mixed week, with its native token dipping slightly but buzzing with activity as the total value locked in decentralized finance surged to new highs. Here's a quick roundup of the key events and updates in the Solana ecosystem over the past week.

SOL Price Dips, Hitting $141.85

Solana's native token, SOL, experienced a slight decline this week, with a 1.61% decrease in its value. At the time of writing, SOL is trading at $141.85, according to CoinMarketCap data.

Despite the slight dip, SOL's performance remains relatively stable, especially compared to the broader crypto market, which saw significant volatility following the FTX collapse. Notably, SOL has recovered substantially from its lows earlier this year.

Solana's Active Wallets Surpass 100 Million

Solana's active wallets have crossed the 100 million mark, highlighting the growing interest and activity in the network. This news comes as SUI, a potential competitor, launches with native USDC support, positioning itself as a serious contender in the ecosystem.

Solana is also set to host the soltoshi meme coin, which could further boost the network's engagement and attract new users.

Stripe Adds USDC, USDP Payment Options on Solana

Stripe, a leading payments platform, has now rolled out USDC and USDP payment options on Solana, expanding the network's utility in real-world applications. This integration will enable merchants to accept these stablecoins directly.

Solana's Major Updates, buzzing with activity

Solana's活躍錢包現已突破 1 億大關，顯示出大家對網路興趣日益增加。這條消息正值潛在競爭對手 SUI 準備推出原生 USDC 支援，準備在生態系中大展身手之際。

此外，soltoshi 迷因幣也將出現在 Solana 上，這可能進一步提升網路參與度並吸引新用戶。

Solana 的一項主要更新是添加了 USDC 和 USDP 支付選項，這一步有助於擴展網路在實際應用中的效用性。具體來說，Stripe 已在 Solana 上啟用這兩種穩定幣的支付選項，讓商家可以立即接受它們。

Solana's DeFi Space Continues to Grow with Jito Leading the Scene

In the decentralized finance (DeFi) space on Solana, the total value locked (TVL) continues to surge, reaching $5.41 billion this week, as reported by DeFiLlama. This marks a slight increase from the previous week's TVL of $5.38 billion.

Within Solana's DeFi scene, Jito still leads the board with $1.892 billion in TVL, though it experienced a slight decrease of 2.4%. This platform provides various services, including lending, borrowing, and decentralized exchange (DEX) aggregation.

Another significant development on Solana is the growth of tokenized U.S. Treasuries, which have jumped 102% in the last month. This development reflects the increasing interest in integrating real-world assets (RWAs) into the blockchain space.

Solana Ranks 2nd in NFT Users, Continuing to Dominate the Scene

Solana continues to rank second in terms of NFT users, with the network generating $142,000 in weekly revenue this week. Notably, Solana leads the space in creator royalties, with $559,000 in earnings.

Solana is also set to host the soltoshi meme coin, which could further boost the network's engagement and attract new users.

BonkBot Announces Major Upgrades to Safeguard Solana Ecosystem

Security remains a priority on Solana, with BonkBot, a community-driven bot, announcing major upgrades to protect the network from malicious activity and safeguard the ecosystem.

This bot, which is known for its soltoshi memes and its role in monitoring Solana, will now have the ability to identify and report suspicious transactions, such as those involving stolen funds or large movements from centralized exchanges.

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