Solana and the Solana ecosystem are constantly growing and moving forward. To help you not miss any news & movements of the ecosystem in the last 7 days, here is your Solana Weekly Recap.
Key Takeaways
- Solana Foundation Updated Facts Related To FTX Bankruptcy.
- Solana FM tagged all of FTX’s and Alameda’s Accounts.
- Solana NFT platforms are optimistic about the future of the ecosystem.
Ecosystem Updates
A sleepless week for the entire crypto market in general and the Solana ecosystem in particular. Join Solana Daily to update major events on the ecosystem through the article below.
1. Market Data
FTX exchange bankruptcy and the decline of FTX’s coin exchange FTT have led to many consequences, especially the Solana ecosystem.
Previously, the FTX exchange and the Alameda Research fund were among the largest investors in the Solana ecosystem. The collapse of the two above institutions created doubts about the stability and future of the ecological system.
2. Solana Network
Solana Foundation Updated Facts Related To FTX Bankruptcy
Following the FTX Bankruptcy, the Solana Foundation promptly reported all the damage suffered. Overall, Solana updates their transaction history and balances on the FTX exchange and related SPL tokens.
See details here
3 – DeFi
Solana FM tagged all of FTX’s and Alameda’s Accounts
Solana FM, an onchain data analysis tool on Solana, quickly identified and tagged FTX and Alameda wallet addresses on the Solana network.
This action is very dynamic at a time when the need to update the fluctuations of the assets in and out of these two entities is currently very large.
See details here
4 – NFTs
Solana NFT platforms are optimistic about the future of the ecosystem
A week without many highlights about NFT as all eyes were on Solana’s tokens and network. However, platforms like Magic Eden, Hyperspace are still optimistic about Solana’s future, especially the NFT market will still thrive in the near future.
Additional Notable Events
Solana Network
- Neon EVM will go LIVE on MAINNET 12.12.22, making it the first #EVM on @Solana
- Nitro Devnet has officially been deployed
- Crypto.com Pauses Withdrawals of $USDC and $USDT on Solana
DeFI
- Serum to be forked after possible compromise in FTX hack
- Solend Governance proposal SLND4: Use Treasury to Repay Bad Debt in Main Pool
- The big whale account has been fully liquidated
