Covering multiple fields including DeFi, stablecoins, PayFi, etc.
Author: Kaito AI
Compiled by: TechFlow
Decentralized Finance (DeFi)
Sanctum (FP Lee)
Sanctum Creator Coin: A new type of currency that allows anyone to build, grow and monetize their community, with staking proceeds belonging to the creator and can be exited without loss.
Cloud Card: The world’s first Solana debit card, which supports the use of stablecoins and SOL for consumption in more than 100 countries, with partners including VISA and Jupyter.
Sky (Rune Christensen)
Launching an upgraded stablecoin USDS on Solana.
Launching an upgraded governance token SKY on Solana.
Launching a tokenized form of savings interest on Solana.
Introducing a large liquidity incentive program to provide SKY tokens on Solana.
Kamino (Marius C.)
KaminoLend V2 is officially launched, including the Market Layer and Vault Layer to drive the next step of Solana adoption.
The Marketplace layer in KaminoLand V2 allows for the creation of more markets suitable for various risk profiles, including stablecoins, real-world assets, and meme tokens (tokens based on internet culture).
The vault layer in KaminoLand V2 simplifies liquidity provision for users and partners to create vaults.
A new user experience is introduced in KaminoLand V2 to simplify leveraging, going long or short, and accessing liquidity.
Spot Leverage is a new product in KaminoLand V2 that simplifies long operations on Solana through new markets and vault layers.
Marinade Finance (Michael Repetny)
Marinade v2 introduces Marinade Native, a non-custodial solution that allows users to delegate staking while retaining control of their SOL.
Marinade v2 introduces the Protection Staking and Retention (PSR) system, which ensures that staking rewards are protected by requiring validators to set up a bond of SOL.
Marinade v2 unveils the staking auction market, enabling stakers to earn the highest rewards by auctioning delegated SOL to Solana validators.
Marinade announced strategic partnerships with Zodiac and Copper to allow customers to use Marinade v2 on their hosting platforms.
Pyth Network (Mike Cahill)
Pyth Network has launched Pyth Price Feeds v3, equipped with oracle integrity staking, providing price feeds that protect data accuracy.
Oracle integrity staking allows participants to stake with publishers, ensuring data quality and enabling participants to earn up to 10% in returns.
Flash Trade (Anas Khader)
Flash Trade is launching a new token that aims to eliminate the linear vesting schedule and align token holder incentives through governance and yield generation.
Flash Trade is launching Margin Engine v2, promising to be the most efficient margin engine with the lowest fees and novel funding mechanism.
Flash Trade is introducing limit orders that are available for both perpetual markets and spot tokens.
Squads Labs (Stepan Simkin)
Squads Protocol v5 is under development with new features including hooks, synchronous transaction execution, new permissions, and performance improvements, and will be formally verified and released on the Solana mainnet later this year.
Additionally, Fuse Pay was introduced as a virtual global Visa prepaid card that allows users to spend stablecoins directly from their Fuse wallet, leveraging self-hosted smart accounts for secure transactions, with an initial launch in the United States.
FluxBot (Scott Hague)
Scott Hague announced the launch of Fluxbeam Infinity, a new product designed to enhance trading with features such as a unified data terminal, integrated Fluxbot for advanced trading capabilities, and an automated algorithmic trading platform.
Additionally, the keynote highlighted Fluxbeam’s achievements over the past year, including RugCheck’s success in combating Solana scams and the launch of the Fluxbot Telegram trading bot.
Zeta Markets (Tristan Frizza)
The launch of ZEX is a decentralized exchange that offers improved performance and user experience, including faster confirmation times and a better wallet user experience.
Introducing Bullet, Solana’s first live L2, designed to enhance Solana to support ultra-low latency use cases.
Polaris (Sunny Aggarwal)
Polaris is a newly announced token portal that aggregates liquidity across different venues and chains, providing users with a single interface to trade all tokens across all chains.
Polaris Vaults is a unique feature that extends existing wallets to support networks they don’t natively support, using a multi-party computation (MPC) service to create a new key controlled by the existing wallet.
The Autopilot feature in Polaris Vaults automates complex transactions across multiple networks, efficiently handling transaction steps and gas fees.
Ranger (FA2)
Ranger announced the launch of a smart order router to address liquidity fragmentation by routing large orders to multiple decentralized exchanges (DEXs).
Ranger introduces spot margin trading, allowing users to trade spot with up to 10x leverage.
Ranger plans to integrate three additional perpetual contract DEXs, a peer-to-peer over-the-counter (P2P OTC) platform, and entry and exit gateways into their smart router.
Wormhole (Robinson Burkey, Dan Reecer)
Two Intent protocols are being introduced: one for local-to-local exchanges, and another that allows developers to create protocols on top of it.
Portal upgrades to improve speed, cost, and UI/UX are now live.
Wormhole Institutional is being launched to enhance multi-chain tokenized asset transfers.
Upgrades to Wormhole Connect and SDK to improve integration and functionality.
Obligate - Margarita Finance (Nadine Gisdon, Daniel Killenberger)
Obligate has launched Margarita Finance, a platform that allows users to choose their risk-return preferences and blend their own yield enhancers directly on Solana.
Eclipse (Vijay Chetty)
Eclipse is currently running on the developer mainnet and plans to migrate to the public mainnet in October.
Eclipse has launched the ETH Unified Restaking Token (URT) for liquid restaking tokens in DeFi.
Eclipse is developing a restaking token for Solana LRT.
Eclipse is working with Orca, Solend (rebranded as Save), and Mango to develop DeFi applications on its platform.
Eclipse is developing a unique block explorer experience.
SphereNet
This is a decentralized platform that uses the Solana Virtual Machine to connect fintech companies, banks, and other institutions to increase interoperability of open finance and consumer applications.
DePIN & AI
Filecoin (Juan Benet)
Launched the Yellowstone Project and Old Faithful to archive Solana data in a decentralized manner.
Introduces new capabilities for indexing and random access to compressed data and zero-knowledge proof compressed data (zk-proof).
The new feature allows NFT media and websites to be automatically backed up when they enter the Solana chain.
The Beast (Karam Lakshman)
Dabba has rolled out thousands of broadband connections and hotspots across India to improve internet connectivity.
Dabba has launched a transition program to help local cable TV operators in India transform into fiber-optic internet service providers.
Dabba introduced a system where users around the world could purchase hotspots and connectivity hardware, have it installed by local cable operators in India, and be rewarded with Dabba tokens.
Pipe Network
Pipe Network is a content delivery network that uses hyperlocal nodes and aims to deliver data faster by reducing latency.
Pipe Network is currently in private beta, and users can join the testnet by running a Pipe Network node or using Pipe CDN.
Project Zero (Alan Chang)
Project Zero is a decentralized energy network that aims to decarbonize and unblock the grid.
Fuse Energy App: A licensed retail energy supplier app that displays real-time energy usage and future token earnings.
Fuse Installation Marketplace: A platform for one-click shopping for solar, batteries, and EV chargers.
Gradient Network (Yuan Gao)
Gradient Network has launched Sentry Node, a browser extension designed to facilitate peer-to-peer connections around the world while measuring latency, with the goal of increasing connectivity and maintaining the vitality of the decentralized ecosystem.
Gradient Network hopes to create an open edge computing layer to enable real-time user experience by leveraging the potential of edge computing, and develop a unified computing layer through innovations such as DePin to meet this need.
Render Network (Trevor Harries Jones)
Solana’s upgrade is complete and the new Burn Mint Equilibrium model is now fully operational.
The one-click Render C4D Wizard is now available, simplifying the artist's creative process.
Redshift is now in public beta on the Render Network.
Significant progress has been made on the Blender Cycles integration, which has been moved to Testnet.
The API has been extended to allow compute clients to access GPUs per instance reservation.
CrunchDAO (Jean Hérelle)
CrunchDAO has launched a new product called Pi that allows users to generate unique datasets through simple questions, with a specific focus on the foreign exchange market, and generate unique time series data.
Users can connect their wallets and interact with Pi, addressing issues through relevant documentation, unlocking new insights and opportunities in a $1.2 billion annual market.
Moonwalk Fitness (Caitlin Cook)
A Moonwalk iOS app will be available soon.
The Moonwalk Android app was later launched.
Implement fiat payment channels for game entry using Apple Pay, PayPal, and credit cards.
dVIN Labs (David Garrett)
dVIN Labs has launched a Champagne NFT that serves as a digital representation of a physical bottle of champagne and includes a VinCoin airdrop.
VinCoin is now available on Jupiter, providing new opportunities to trade and acquire this digital currency.
Stablecoins
Anna Yuan
Perena launched its first product, Numeraire, a bounded, scalable, multi-asset stable swap with a configurable equilibrium design to efficiently manage liquidity on Solana.
Perena plans to support the diversification of stablecoin issuers and launch a layered synthetic dollar with isolated risks in the future.
Solayer (Jason Li)
Solayer announced the launch of Solayer USD, a yield token backed by the RWA asset, in partnership with Open Eden.
Solayer is launching SUSDC, a self-rebasing stablecoin running on Solana that maintains a token price of $1 and reflects the accumulation of value through the amount held.
Coins.ph (Wei Zhou)
Coins.ph launched a stablecoin called PHPC in July that has been approved by the central bank and is fully backed by cash.
PHPC will be launched on the Solana network next quarter.
Coins.ph will introduce liquidity pools for PHPC and USDT as well as PHPC and USDC on Solana.
Securitize & Wormhole (Carlos Domingo, Robinson Burkey)
Securitize announced a partnership with Wormhole and Solana to improve the scalability and cross-chain interoperability of its tokenized assets, enabling tokenized securities to be deployed and transferred across multiple blockchains.
This collaboration will facilitate a unified multi-chain user experience that meets institutional compliance requirements, enabling Securitize to keep token status and liquidity in sync across different blockchains, including Solana.
ZAR (Brandon T)
ZAR was launched as a platform that aims to accelerate the adoption of stablecoins by leveraging the existing network of mobile payment agents, creating a decentralized cash gateway for emerging markets.
ZAR has launched a wallet that only supports stablecoins, simplifying the use complexity for users, and is equipped with a debit card so that users can withdraw cash and pay for daily expenses.
ZARSOLANA provides a public cash portal for Web 3 platforms, equipped with an SDK that enables any wallet or application to integrate its cash portal service.
Wallet/ Payments
Rally (Chris Maddern, Christine Hall)
Rally is developing a mobile-first, multi-user Web3 wallet that aims to increase user engagement through seamless social connectivity, local payments, gas-free transactions, and a social referral program.
Reap (Felix Chung, Raphael Dieu)
Reap has launched the Reap Card, a Visa card that supports payments using stablecoins.
Reap has launched Reap Pay, a B2B payments product that allows stablecoin payments to fiat currencies.
Reap announced an integration with Solana, allowing users to operate and grow Web3 projects using stablecoins.
Sling (Mike Hudack)
The launch of Sling Link integrates Solana, stablecoins, and a real-time payments network to enable instant global remittances.
Introducing self-custody wallet functionality, allowing users to own their own keys and integrate with Phantom.
New stablecoins such as USDC and USDP have been added to Sling to enable seamless transactions.
Expand instant remittance services to over 150 countries and enable interoperability across the Solana ecosystem.
WalletConnect (Jess Houlgrave)
WalletConnect announced the launch of the WalletConnect Token, which will be used for governance and serve as the payment system for the WalletConnect economy.
Reown has launched AppKit, a complete developer toolkit that includes a wallet embedded in email, social account login, exchange and cash entry, which is now live on Solana.
Reown has launched WalletKit, a toolkit for wallet developers designed to enable communication over the WalletConnect network.
CodeWallet (Tanner Philp)
Code Wallet has launched a new feature called “tip cards” that allows creators to connect their X accounts to generate customized tip cards for community growth and monetization.
Bridge (Marco Mahrus)
Bridge has announced a new feature that allows users to spend directly from their stablecoin balances with a card that can be used anywhere cards are accepted.
Fuse Pay wallet users can now create a card account within the app, providing a self-managed card product with delegated card balances and controlled spending limits.
The new card product integrates with Apple Pay and supports both offline and online transactions.
Bridging
Debridge (Alex Smirnov)
A bridge model with zero TV intent was launched, enabling instant transfers and guaranteed exchange rates.
Introducing native Bitcoin transactions on Solana through deBridge’s cross-chain infrastructure.
Introduced gas-free bridging and same-chain intent.
Introducing social finance applications based on deBridge.
The DPR token will be available on October 17 at 8am UTC.
RWA/ PayFi
Huma (Erbil Karaman)
The Huma protocol will launch on Solana as one of the most advanced RWA protocols on the platform.
Huma Finance has processed $1.9 billion in PayFi transactions, up 10% month-over-month, without any credit defaults.
PayFi was introduced as a new product from RWA that aims to bring sustainable double-digit returns on-chain.
Kast Finance (Raagulan Pathy)
Kast Finance has launched a Solana validator node offering 0% commissions and 100% MEV rewards, for an annualized yield of 7.6%.
Kast launched Payfi, which allows users to withdraw up to 60% of their SOL holdings without interest.
The Solana card is available for pre-order now and includes a free virtual card and a premium black metal card with added benefits.
Kast has released the Solana Solid Gold card, the heaviest solid gold card ever, which is now available for pre-order with only 100 units available for sale.
Desci
Pump.science (Paul Kohlhaas)
Launched Pump.science, a marketplace for real-time testing of early-stage longevity cocktails or compounds, with experiments conducted in worms.
Introducing Pump.fund, a trading platform for trading real-time data streams from tokenized longevity experiments.
Two marketplaces have been deployed and trading is now taking place on both platforms.
Gaming & NFT
Magic Eden (Jack Lu)
Launched a multi-chain identity product with seamless login, enabling users to create Magic Eden accounts and manage multi-chain addresses through social login.
Introduced the ability to trade all asset classes across all chains on the Magic Eden marketplace.
Expanded the experience on Magic Eden, adding more types of quests and reward programs.
Using ME tokens as the core utility token and reward incentive, users can earn rewards and claim them through the mobile application.
DRiP (Vibhu Norby)
DRiP Creator Studio was launched a month ago, allowing creators to publish their content and media as collectibles on the Solana blockchain.
Announcing the public beta of DRiP Mobile on iOS and Android, with live demos of features including gas-free transactions and crypto auctions.
Parallel (Kohji Nagata)
Introducing “Colony,” a semi-human survival simulation game powered by Solana and optimized for Solana phones, where players work with AI and other players to help their colony survive a disaster while gathering scarce resources.
It was announced that “Colony” is now fully playable on iOS and Android devices, with a richer world, an expanded character collection, and new NPCs, and will be released in closed alpha in early 2025.
Tensor (Richard Wu)
Tensor has open sourced all five protocols, creating an open NFT financial layer including NFT Marketplace, NFT AMM, PriceLock, SQL, and Whitelist.
Tensor provides a free, comprehensive Web2 API that enables users to clone their entire frontend in a day.
Tensor introduces a new business model with a 50-50 split, where 50% of the fees go into the Tensor Foundation treasury and 50% is distributed directly to developers.
The Tensor Foundation has officially opened their grant program to support developers building on their protocol.
FrodoBots (Michael Cho)
FrodoBots launched their first title Earth Rovers, a browser game where players control cyborgs on real-world navigation missions.
FrodoBots introduced a scavenger hunt mode that allowed players to purchase a robot for $300 and participate in a Pokemon Go-like experience to collect loot boxes and NFTs.
Photo Finish Live (Ian Cummings)
Photo Finish Live is now the first real money horse racing game approved by Apple.
Photo Finish is Seeker’s launch partner.
Bonk for Paws: Only Pawsible on Solana (Veets, Tendies)
Launched Bonk for Paws, a charitable initiative within the BONK ecosystem that leverages blockchain technology to make donations to animal charities.
Introduced a platform feature that allows users to donate in Solana or USDC, with the option to donate anonymously or get a tax receipt.
A matching donation program was launched, where donations are matched in BONK, while 1% of the donation amount is burned in BONK.
Introducing the BowBow fashion collection, with 100% of sales matched by BONK and donated to charity partners.
Analytics
CryptoHouse (Derek Chia)
Launched CryptoHouse, a free blockchain analytics service powered by ClickHouse and Goldsky.
Introduced Goldsky’s Mirror, a core product that provides real-time data services to CryptoHouse through a data pipeline.
ReFi
Powerledger
Powerledger is expanding to the Solana mainnet, migrating its products from the Powerledger blockchain to Solana.
POWR tokens, currently ERC20 tokens, will be issued on Solana, a portion of which will be locked to enable them to be used on Solana.
A liquidity pool of POWR tokens will be created on Radium to facilitate trading on Solana.
Powerledger is releasing a limited edition NFT, scanning its QR code will make participants eligible for an airdrop of POWR tokens on Solana.
Bitcoin is Solana
Zeus (Jim Ironaddicteddog, Dean Little)
Apollo, a platform where users can deposit BTC and earn yield on Solana, has officially launched.
ZeusScan, an exploration tool for Bitcoin and Solana interactions, is now live at ZeusScan.io.
Introduced ChatBuffer, a SPPF-assembled parallel data buffer optimized for fast on-chain data transactions.
Locos, a library implementing the entire Bitcoin protocol in Rust, is scheduled to be open sourced in Q1 2025.
Stacks (Muneeb Ali)
Stacks developers are working to bring sBTC to Solana, enabling Bitcoin to be used on Solana’s faster and programmable platform.
other
Jambo (James Zhang, Sam Kang)
Jambo V2 will be released in Solana Breakpoint 2024, priced at $99, with double the specifications, support for shipping to 128 countries, and Jambo GPT for accessing ChatGPT and cryptocurrency real-time information.
Jambo V2 includes the ability to operate directly through JamboGPT and comes pre-installed with the Jambo wallet to facilitate future interactions.
Jambo V2 will start shipping within a month and orders can be placed via QR code, with delivery expected within two months.
Jambo has announced an upcoming integration with Mr. Bonk to enable airdrops to Jambo V2 phones in the coming months.
Blinks (Chris Osborn)
In June, Dialect partnered with the Solana Foundation to launch Blinks, a new technology that enhances URL functionality by enabling users to perform actions directly when sharing a link.
On launch day, Blinks allowed users to perform actions directly in their timelines, such as swapping tokens, minting NFTs, participating in governance votes, and subscribing to premium content, and integrated with wallets such as Phantom and Backpack.
Blinks expands functionality to include signed messages, optional transactions, and external links, extending its capabilities beyond Web2 platforms to create an ultra-portable, ultra-composable Internet experience.
Risc Zero (Jacob Everly)
RISC Zero introduces a zkVM that allows developers to write programs in Rust, significantly reducing development time while improving security and maintainability.
RISC Zero introduces an innovation called “continuations” for generating infinite proofs, enabling developers to achieve infinite execution.
RISC Zero announced that it can verify complex trading strategies and integrate Web 2.0 infrastructure such as ZK login and OAuth tokens within the zkVM.
RISC Zero is building a protocol called the Verifiable Computation Layer that allows any blockchain to flexibly request execution, similar to how Chainlink provides price data to every chain.
BonkBot (Nom)
BonkBot is moving to a completely non-custodial platform.
The BonkLive platform has been launched for trading new tokens.
A new fashion line called BowBow and Venta has been launched to support animal charities.
The first Bonk exchange-traded product, similar to the Bonk ETF, was launched in partnership with Osprey Funds.
MetaDAO
MetaDAO has launched a real-time decision market on Solana to assess the impact of proposals on the native token.
MetaDAO plans to introduce a decision market for any metric, enabling startups, businesses, and governments to measure the impact of various decisions.
Mantis (Omar Zaki)
The launch of Mantis, a Solana network scaling L2 solution focused on processing user intent, including components such as Mantis Rollup, Mantis Protocol, and Mantis Applications.
An introduction to Mantis Rollup, an SPM Rollup with native support for IBC on Solana, allowing users to submit intents from both Ethereum and Solana and earn native yield.
The launch of Mantis Protocol facilitates intent processing and settlement between different chains, equipped with a network solver, similar to the UniswapX and CoW Swap experience on Ethereum.
Travala (Juan Otero)
Travala announced its integration with the Solana network, allowing users to trade with zero transaction fees using assets such as USDT, USDC, and Sol, and deploy the AVA token on Solana following a community vote by the Solana Foundation.
Launched an open loyalty program powered by the AVA token, providing interconnected Web3 within the Solana ecosystem
Legion.cc (Fabrizio Giabardo)
Introducing Legion.cc, a regulatory-compliant platform for pre-TGE fundraising and token issuance events.
Legion.cc has a reputation system in place to ensure the high quality of network participants and enhance investor accountability.
Legion.cc offers double opt-in capabilities to bring the private marketplace experience to a larger audience.
A compliant ICO will soon be launched on Solana via Legion.cc.
Kinobi (Loris Leiva)
The launch of Kinobi, a developer tool designed to create IDL for Solana programs and enable interoperability.
A new feature has been introduced in Kinobi that can generate program clients in multiple languages, including a JS client that is compatible with the new version of Web3.js.
Announcing Kinobi’s ability to generate complete applications, including CLI tools, documentation website, and React components.
Introduced a feature that allows users to create custom Kinobi IDLs by merging existing IDLs, thereby generating clients with no external dependencies.
Forma (Farhaj Mayan)
Launched the first Solana Economic Zone in Buenos Aires, Argentina, featuring a two-story campus space for collaboration and development.
Solana USDT payments are being implemented at more than 2,000 small businesses in Argentina and are expected to go live next week.
Arcium (Yannik Schrade)
Arcium has launched ARC-OS, the first decentralized crypto operating system designed to power Arcium.
Arcium has released a custom Rust compiler that enables developers to add confidentiality and security to their applications by compiling arbitrary Rust programs into a format that Arcium can safely process.
Ottersec (Robert Chen)
Robert Chen discussed a common bug in the Solana Rust compiler that leads to random stack corruption due to allocating too large arrays in safe Rust, mainly due to stack overflow issues. He stressed the importance of compiler warnings and suggested checking logs to avoid unexpected behavior in smart contracts.
To mitigate this issue, Chen recommends using newer versions, such as Anchor's v2.0, disabling direct mapping in test environments to catch stack overflows, and paying attention to compiler warnings. He also recommends reading the assembly code to understand what is happening under the hood.
The Internet (Siddharth Shetty)
Introduced “Finternet,” a system designed to give individuals and businesses full control over all types of assets, using a universal ledger infrastructure.
The tokenization feature was launched, allowing institutions such as commercial banks and asset management companies to issue electronic representations of assets to users.
Developed a framework for interoperability between multi-ledger infrastructures to accommodate different asset types.
Third-party service providers, such as escrow providers and insurance companies, are incorporated to enhance the trust and security of transactions within the Finternet system.
Streamflow (Malisha imprfekt)
Streamflow will launch a permissionless token staking service in October, allowing any token to be staked and creating staking pools with any token as rewards.
Streamflow is launching Aligned Unlocks, a milestone-based token unlocking mechanism that will go live in October for tokens on Solana.
Streamflow will launch its token in October as part of the Streamflow V2 initiative, which aims to decentralize the platform and turn users into stakeholders.
Bonsol (Austin Adams)
Bonsol is an off-chain computation framework, now available on mainnet and devnet, that allows scaling program functionality on Solana without limitations on computational units or transaction size.
World ID on Solana (Ian Dilick)
World ID is launching for integration on the Solana blockchain, migrating from the Ethereum mainnet to Solana with the help of Wormhole Labs.
DSCVR has launched their World ID integration, allowing users to log in via World ID.
DRIP has integrated World ID to provide water drop rewards to users who have passed World ID verification.
Forged (Shane Grinding)
Forgd has launched Token Designer, a comprehensive software toolkit for managing all aspects of token economics, including supply and demand modeling and performance simulation after a token generation event (TGE).
Forgd offers integrations with over 30 major market makers, as well as an automated RFQ process for interacting with market makers.
Forgd provides exchange listing tools that allow users to track historical performance, access listing fees, and perform due diligence on centralized trading venues.
After the token launch, Forgd transformed into a command center, providing a dashboard to monitor market maker activity and track global liquidity and trading volumes.
Forgd has launched a token unlock monitoring tool that allows users to track inflation, monitor selling pressure, and correlate these with price performance to optimize price strategies.
Helio
Helio announced the launch of Blinks for Shopify, enabling Shopify brands to sell products directly from the virtual plaza.
Helio has introduced a new feature in its dashboard that allows merchants to offer discounts to Seeker holders, a group of 200,000 crypto-savvy customers.
Helio has expanded its suite of Web3 features to allow airdrops on purchases and enable merchants to accept their own tokens as payment in Shopify.
