Crypto doesn’t need another hype cycle. It needs working products — and the Solana community keeps shipping them ☀️
Here’s your weekly Solana recap as we accelerate into May:
- Ethereum DeFi OG @1inch launched their DEX aggregator on Solana, connecting Solana to $7B in liquidity and expanding options for traders using the network.
- GMT Pay and the GMT Card went live from @fslweb3, enabling you to pay with crypto IRL using Apple Pay & Google Pay around the globe.
- @fusewallet introduced Fuse Card to a limited set of users in the U.S., enabling crypto payments powered by Solana anywhere that Visa is accepted.
- The space cats were hard at work, with @JupiterExchange releasing Ultra v2, a new routing engine featuring RTSE v2, Dynamic Execution, MEV Protect, JupShield, and Gasless Swaps Support.
- The @SolanaInstitute, @superstatefunds, @orca_so, and @lowensteinllp submitted “Project Open” to the SEC — a major step towards enabling the issuance and trading of tokenized equities on public blockchains like Solana.
- Solana DePIN season is in full swing, with @Dune and @SliceAnalytics compiling a 40-page (!) report showing growth across DePIN, with 238K+ registered nodes and $100K+ in weekly revenue on Solana. @SuperteamIN also released a 46-page report on DePIN. Plenty to review over your weekend coffee.
- @MarinadeFinance announced that @BitGo became the first U.S.-qualified custodian to support Marinade Native staking. Institutions can now stake Solana securely while maintaining full custody and compliance.
- @believeapp launched, allowing any post on X to be turned into a token by tagging @launchcoin, with Alliance’s @lmrankhan calling it “the kickstarter for ideas and projects.” Founder @pasternak shared that the app was approaching almost $200M in volume just a few days after launch.
- Solana token launchpad competition is heating up, with @boopdotfun, @xapplehq, @MeteoraAG's dynamic bonding curve, and @moonit’s flat curve all launching following @bonk_fun coming to market last week. As @IrffanAsiff put it: “In last 7 days 5+ token launchpads have launched on Solana — too many for an ecosystem with just 75 devs.”
- @zardotapp announced a $7M raise to bring their digital dollars platform, with 100K users already on their waitlist and 7K+ money agents across 20 countries.
- Senator Rick Scott, Rep. French Hill, Ritchie Torres, and Senator Bill Hegarty were announced as speakers at Solana Accelerate, coming to NYC in just a few weeks. Follow @SolanaConf for more updates!
- @ArciumHQ’s public testnet went live, bringing us a step closer to unlocking private-by-default crypto apps with encrypted compute.
- @OndoFinance expanded their institutional-grade tokenized RWA bridge to Solana, powered by @LayerZero_Core.
- @0xShitTrader shared that @ellipsis_labs are the primary developers of @SolFiAMM, an AMM that’s facilitated over $100B of trading volume.
- @phantom introduced gasless swaps, enabling trades without SOL needed in your wallet.
- @jamesonhodge introduced a new derivative with @tradeonparsa, where users can trade the price range of digital assets on Solana.
- @KaminoFinance integrated @Chainlink price feeds to further harden its oracle data.
- @dtel_org launched their decentralized real-time communication platform on Solana.
- @Fragmetric launched Fragmetric staked BTC (fragBTC), a yield-bearing wrapped BTC built on the FRAG-22 (Fragmetric Asset Standard) powered by token extensions on Solana, co-launched with @SolvProtocol and @ZeusNetworkHQ.
- @glympsedotfun launched Glympse Fantasy Games, where creators can turn X engagement into tokens and compete in fantasy sports-style competitions.
- The team behind @genopets launched @EliteAgents_AI, a “Shopify for AI Agents” featuring no-code and MCP server tools to deploy AI agents on Solana.
- @SuperteamCAN kicked off their Startup Village in Toronto for founders heading into Consensus Toronto.
- And last but not least — the Solana Ecosystem Call is so back. @kashdhanda announced it will return on May 13th.
Shoutout to every team pushing Solana forward. If we missed your launch, tag it in the replies and tell the world about what you’re working on. Hope everyone has a strong week🫡
