1. SOL sets a new historical high, Cboe submits applications for four Solana spot ETFs to the US SEC
Bloomberg ETF analyst James Seyffart tweeted that Cboe has submitted applications to the US SEC for four Solana spot ETFs, with issuers being VanEck, 21Shares, Canary Capital, and Bitwise. If the SEC does not reject the above document applications, the final deadline is expected to be early August next year.
On Friday, SOL broke $260, setting a new historical high, with a 24-hour increase of 12.11% on that day. Solana (SOL) previously reached a historical peak of $259.9 on November 6, 2021, and has set a new historical high again after 1,100 days. Solana's TVL surpassed $9 billion, marking a new high since December 2021. The top five protocols by TVL are Jito ($3.706 billion), Kamino ($2.441 billion), Raydium ($2.407 billion), Jupiter ($2.373 billion), and Marinade ($2.083 billion).
2. The USDS stablecoin has been launched on Solana, and the Sky Ecosystem will provide users with weekly rewards exceeding 500,000 USDS
The USDS stablecoin has been launched on Solana, as the first major DeFi native stablecoin on Solana, USDS will unlock new opportunities for lending and trading on DeFi platforms. The Sky Ecosystem will provide early users with weekly rewards exceeding 500,000 USDS, with reward distribution as follows: Kamino Finance: 200,000 USDS weekly for USDC/USDS liquidity providers, 100,000 USDS weekly for USDS providers; Drift Protocol: 100,000 USDS weekly for USDS providers; Save Finance: 400,000 USDS monthly for USDS providers; Jito: 5,000 USDS weekly for SOL/USDS liquidity pools. Through native token transfer (NTT) via Wormhole, the Sky Protocol achieves seamless operation of USDS on Solana and will also provide an additional weekly reward of 100,000 USDS for users bridging USDS to Solana.
3. The ME Foundation announces that the ME token will undergo TGE on December 10
The ME Foundation will launch the Solana-based ecosystem token ME on December 10, with a total airdrop value expected to exceed $500 million, and the tokens can be claimed through the Magic Eden wallet application. Previously, multiple pre-launch markets have been launched, including Coinbase International Exchange, OKX, Bybit, Bitget, gate_io, MEXC, and KuCoin.
Previously, the NFT trading market Magic Eden Foundation announced the ME token economic model, with a total supply of 1 billion ME tokens, of which more than half will be allocated to the community. In the TGE: 12.5% of ME will be used for the initial airdrop distribution (fully unlocked at TGE); 37.7% allocated to the community and ecosystem; 26.2% allocated to contributors; 23.6% allocated to strategic participants. ME will be distributed over four years, at which point all ME will be fully circulated, with most allocated to the community. To ensure the community and protocol are protected from security issues, a security committee of five members will be appointed to oversee a multi-signature wallet capable of executing urgent and delayed non-urgent actions. The ME Foundation will act as the manager of ME. ME holders will receive further rewards from staking.
4. The supply of Ethena USDe has increased by about 47.45% in the past month, reaching $3.75 billion, setting a new historical high
As BTC continues to maintain a strong high funding rate, the supply of Ethena USDe has increased by about 47.45% in the past month, reaching $3.75 billion, setting a new historical high, with approximately $119 million flowing into USDe on November 21, marking a single-day inflow peak since mid-April this year. Meanwhile, the staking rate of sUSDe has reached 68.4%, a high since mid to late February this year, as users stake USDe to enjoy basis earnings.
5. Zircuit (ZRC) will open transfer functions and launch on Bitget Launchpool
Bitget announces that Zircuit (ZRC) will be launched on Launchpool from 6:00 PM November 25 to 6:00 PM November 30 (UTC+8), with a total reward of 9,125,000 ZRC. Users can participate in dividing the rewards by locking BGB and USDT. Additionally, Zircuit officials announced that $ZRC will officially open transfer functions on November 25, 2024, and a major product will be released next week. Zircuit is a zero-knowledge rollup solution fully compatible with EVM.
6. After the launch of the Emojicoin platform on Aptos, the cumulative trading volume reached 1.9 million APT
After the launch of the Emojicoin platform on Aptos, as of Thursday, approximately 1,700 tokens have been created, but only 30 tokens have reached a market value of 4,500 APT, with a graduation rate (listing on DEX) of only about 1.8%, and cumulative trading volume has reached 1.9 million APT (approximately $22 million).
7. Sui announces a strategic partnership with Franklin Templeton
Sui announces a strategic partnership with Franklin Templeton Digital Assets focusing on supporting builders in the Sui ecosystem and deploying new technologies using the Sui blockchain protocol. Franklin Templeton plans to use Sui's high-performance blockchain network to develop new financial products, enhancing transparency and efficiency in asset management.
8. BONK plans to burn one trillion BONK before Christmas
BonkDAO recently burned 100 billion circulating BONK and plans to burn one trillion BONK before Christmas in December. This large-scale burning plan (BURNmas) will start at 12:01 AM UTC on November 15 and end at 12:01 AM UTC on December 24. These burned tokens will come from applications in the Solana ecosystem that utilize BONK to achieve one or more functions. OKX market data shows that BONK has surpassed 0.00005 USDT, setting a new historical high, currently reported at 0.000052568 USDT, with a 24H increase of 33.40%.
9. The SynFutures points program will end on November 25, suggesting a TGE and airdrop will take place soon
SynFutures announces that its Oyster Odyssey points program will officially end on November 25, 2024 (next Monday), suggesting that a TGE and airdrop will take place soon. This program was launched simultaneously on March 1, 2024, when SynFutures went live on the Blast mainnet, and expanded to Base in July, attracting over 6.5 million wallet addresses to participate, helping SynFutures become the number one decentralized perpetual contract trading platform on the Blast and Base networks in terms of trading volume and TVL rankings. According to DeFiLlama data, SynFutures' cumulative trading volume has exceeded $20 billion.
10. The 10 winning projects from the ETHGlobal Bangkok hackathon were announced, including AI agents, DAO tools, etc.
The latest ETHGlobal hackathon held in Bangkok, Thailand, saw 713 projects submitted. The judges included Ethereum co-founder Vitalik Buterin, Aave founder Stani Kulechov, and Base founder and head Jesse Pollak, among others. The ten finalists selected by the judges involve meme coins, AI agents, DAO tools, etc. This hackathon offered a prize pool of $750,000, and the winning teams included AI DAO tool DAOGenie, Telegram DAO bot minidao, ZK sorter Zubernetes, AI Web3 agent Industry AI, fitness GameFi project LootGO, Telegram battle game BubbleWars, blockchain game Dark Factory, game launch platform Metaloot, DeSci project Cat In A Box, and cryptocurrency QR payment tool ETHPark-QR within Thailand.
