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According to Foresight News, on-chain data from SolanaFloor reveals that a trader made a significant profit by investing in the Pochita token. The trader initially spent 20 SOL to purchase the token when its market value was only $200,000. Subsequently, the trader sold the tokens, earning 1064 SOL, which translates to a remarkable return rate of 5220%.

According to Blockworks, Solana's supply of PayPal's stablecoin, PYUSD, has significantly decreased after previously surpassing Ethereum's supply. The stablecoin's supply on Solana, which once exceeded $660 million, has now fallen to around $320 million, marking a decline of approximately 50% in about a month. In contrast, Ethereum currently holds a supply of $377 million PYUSD. This reduction in supply coincides with the gradual winding down of liquidity incentive programs by DeFi protocols such as Kamino. These programs had previously boosted yields for PYUSD holders, attracting yield farmers who have since moved on to other opportunities. This shift raises questions about the long-term value of these incentive investments. PayPal's PYUSD is issued by Paxos, which has aimed to draw liquidity away from the USDT-USDC stablecoin duopoly by partnering with Trident Digital for liquidity programs. After PYUSD's launch on Solana earlier this year, Trident Digital implemented liquidity incentives on various Solana DeFi platforms to temporarily increase yields and capture liquidity. These incentives involved distributing funds to DeFi protocols, which then passed them on to users as a fraction of the platforms' PYUSD supply, subject to gradually lifted caps and declining yields. At its peak, $350 million in PYUSD on Solana was earning an 18% yield on Kamino. Currently, the annual percentage yield (APY) has decreased to 9.24%, which, while still significant, appears insufficient to retain some investors. It remains unclear whether the incentives originated from PayPal or the Solana Foundation, as both organizations did not respond to requests for comment. The effectiveness of these liquidity incentives is debatable. Kilian Boshoff, chief commercial officer of Swell, commented that

According to BlockBeats, on October 2, Solana's cross-chain communication network, Zeus Network, announced a partnership with leading blockchain security audit firm Sec3 to enhance the platform's security and transparency, bringing it closer to its mainnet launch. Sec3 will first audit the Zeus Program Library, focusing on the handling and verification of cross-chain interactions. Following this, Sec3 will evaluate ZeusNode, examining its consensus mechanism, data integrity, and potential vulnerabilities. This collaboration marks a significant step in ensuring the platform's security and reliability, paving the way for Bitcoin liquidity and innovative DeFi solutions within the Solana ecosystem. The first dApp based on the Zeus Program Library, APOLLO Final Testnet, is now operational. Once the audit is completed, the mainnet is expected to launch soon, potentially transforming the Bitcoin and Solana ecosystems.

According to BlockBeats, Solana decentralized exchanges (DEX) have seen a significant increase in trading volume. For the first time in 43 days, the weekly trading volume on Solana DEX has surpassed that of Ethereum. Over the past seven days, Solana DEX recorded a trading volume of $91.12 billion, while Ethereum DEX registered $90.94 billion. This development marks a notable shift in the decentralized finance (DeFi) landscape, highlighting Solana's growing influence and adoption in the market. The increase in trading volume on Solana DEX can be attributed to its high-speed transactions and lower fees compared to Ethereum, which has faced congestion and higher gas fees. The competition between Solana and Ethereum in the DeFi space is intensifying, with both platforms striving to offer better services and attract more users. As Solana continues to gain traction, it will be interesting to observe how this rivalry evolves and impacts the broader cryptocurrency market.

According to PANews, data from DefiLlama reveals that the total value locked (TVL) in the top six DeFi protocols on the Solana blockchain has each surpassed $1 billion. The leading protocols include the liquid staking protocol Jito with $2.089 billion, the lending protocol Kamino with $1.613 billion, and the decentralized exchange Jupiter with $1.261 billion. Additionally, the liquid staking protocol Marinade has a TVL of $1.239 billion, the decentralized exchange Raydium holds $1.117 billion, and the liquid staking protocol Sanctum has reached $1.006 billion. These figures highlight the growing adoption and trust in Solana's DeFi ecosystem. The significant TVL in these protocols indicates robust user engagement and the increasing value being transacted and locked within the Solana network. This trend is reflective of the broader growth and maturation of the DeFi sector, as more users and developers turn to decentralized financial solutions for their efficiency and potential returns.

According to Odaily, Jupiter has announced the integration of Solana ecosystem liquidity and trading layer stabble into Jupiter Routing. The unique weighted swap pools of stabble are now available on jup.ag alongside various other Automated Market Makers (AMMs). Meow, co-founder of Jupiter, commented on the integration, stating that significant time and effort were invested to ensure the smooth operation of the new AMM within Jupiter, despite its smaller liquidity compared to other mainstream decentralized exchanges (DEXs). This integration is crucial for maintaining a dynamic liquidity environment where new liquidity venues can quickly attract retail traffic. Meow highlighted the frequent challenges and errors encountered during the process, emphasizing the team's resilience and rapid response to resolve issues.

According to BlockBeats, VanEck has expressed optimism about Solana's potential, predicting in a report dated September 25 that Solana's price could reach $330, representing a surge to 50% of Ethereum's current market value. Analysts noted that the SOL/BTC exchange rate has formed a symmetrical triangle, typically seen as a continuation pattern. Given that the price rose before the triangle formation, the likelihood of a breakout remains high. However, the flat 20-week exponential moving average (0.0023 BTC) and the relative strength index (RSI) near its midpoint do not provide a clear advantage to either bulls or bears. If bulls maintain the price above the 20-week moving average, the SOL/BTC exchange rate might attempt to break the resistance line, initiating the next upward phase to 0.0031 BTC and eventually reaching the target of 0.0039 BTC. Conversely, if the price falls and breaks below the triangle, this positive outlook will be invalidated in the short term, potentially driving the SOL/BTC exchange rate down to 0.0018 BTC and then to 0.0013 BTC. Analysts further explained that within the triangle, the price typically oscillates between the support and resistance lines. The SOL/BTC exchange rate rebounded from the support line on September 18 and rose above the moving average on September 26. Buyers will attempt to push the price towards the resistance line, where sellers might intervene. If the price falls from the resistance line but rebounds from the 20-day moving average (0.0023 BTC), a triangle breakout could occur. On the other hand, if the price drops and breaks below the moving average, it indicates that the SOL/BTC exchange rate might extend its stay within the triangle. A break below the support line would favor the bears. Predicting the breakout direction is challenging, so it is advisable to wait for the breakout before making significant bets.

According to Cointelegraph, Solana (SOL) enthusiasts often tout the blockchain as an Ethereum killer, leading to inevitable comparisons, especially after Ether (ETH) hit a three-and-a-half-year low against Bitcoin (BTC). The pressing question is whether Solana will maintain its position against Bitcoin or face a decline similar to Ether. Analysts are split on Solana’s future trajectory. Some predict a price drop, while others foresee a potential breakout. Veteran trader Peter Brandt suggested in a Sept. 20 X post that if Solana holds the $120 support, it could be poised for a significant advance. VanEck also expressed optimism in a Sept. 25 report, projecting Solana to reach $330, equating to 50% of Ether’s current market capitalization. However, the report noted that institutional investors have been slow to recognize Solana’s benefits, possibly due to a reluctance to move away from established coins like Ether. Solana faces emerging competition that could challenge its status as the leading alternative layer-1 network to Ethereum. K33 Research analysts pointed out that Sui Network might become a formidable rival to Solana. Analyzing the SOL/BTC weekly price charts, the pair has formed a symmetrical triangle, typically a continuation pattern. Given the price was rising before the triangle's formation, a breakout is possible. However, the flat 20-week exponential moving average (0.0023 BTC) and the relative strength index (RSI) near the midpoint do not clearly favor either bulls or bears. If bulls keep the price above the 20-week EMA, the SOL/BTC pair might break above the resistance line, potentially moving to 0.0031 BTC and then to the pattern target of 0.0039 BTC. Conversely, a break below the triangle could drop the pair to 0.0018 BTC and later to 0.0013 BTC. On the daily price charts, the pair generally oscillates between support and resistance lines within the triangle. After bouncing off the support line on Sept. 18, the price rose above the moving averages on Sept. 26. Buyers will aim to push the price to the resistance line, where sellers are expected to intervene. If the price rebounds off the 20-day EMA (0.0023 BTC) after turning down from the resistance line, the likelihood of a breakout increases. However, a break below the moving averages would suggest an extended stay inside the triangle, favoring bears if the price drops below the support line. Predicting the breakout direction with certainty is challenging, so it is advisable to wait for the breakout before making significant investments. This article does not offer investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research before making decisions.

According to Odaily, monitoring data from Lookonchain reveals that the pump.fun fee account has sold an additional 122,250 SOL, valued at $18.9 million, over the past five days. This brings the total revenue generated by pump.fun to 773,617 SOL, amounting to $120.68 million. The account has sold 398,313 SOL at an average price of $156, totaling $62.13 million.

According to PANews, a recent transaction monitored by Lookonchain revealed a significant profit for a Solana (SOL) investor. The investor spent 6 SOL, approximately $815, to purchase 30.1 million MOODENG tokens 17 days ago. The value of these tokens has now surged to $9.4 million, resulting in a staggering profit of 11,534 times the initial investment.

According to BlockBeats, on September 28, the oracle project DIA announced a partnership with Termina, the first SVM-as-a-service platform. Termina leverages the powerful capabilities of the Solana Virtual Machine (SVM) to expand its ecosystem through dedicated block space and throughput. DIA's oracle will support Termina's aggregation with real-time data.

According to BlockBeats, on September 27, Hardhat Chad, the founder of the Solana-based mining project Ore, announced on the X platform that Regolith Labs has launched Steel, a new modular framework designed for building smart contracts on Solana. Steel allows developers to create programs with minimal boilerplate code while offering flexible functionality options. The framework aims to enhance contract performance, simplify the development process, and contribute positively to the Solana community.

According to Odaily, analysts at CoinCodex predict that Solana (SOL) will continue trading at its current price at least until the first week of October. The platform forecasts a rebound for the asset after October 10, 2024, with a potential peak of $178.30 on October 25, 2024. This would represent an approximate 14% increase from its current level. CoinCodex does not anticipate SOL reaching $200 in October.

According to Blockworks, the debate over transactions per second (TPS) has intensified within the crypto community, particularly between Solana and Ethereum. Solana, known for its higher TPS compared to Ethereum, recently saw its high-performance client, Firedancer, developed by Jump Crypto, enter its testnet phase. Jump Crypto's chief scientist, Kevin Bowers, announced during a Solana Breakpoint talk that Firedancer achieved 1 million TPS in synthetic testing. This announcement sparked discussions on social media, with a crypto venture capitalist highlighting Solana's progress while contrasting it with Ethereum's ongoing debates. Namik Muduroglu, part of the founding team for the upcoming layer-2 solution MegaETH, shared a GitHub screenshot indicating that Solana's protocol is currently capped at around 81,000 TPS. Muduroglu also noted that MegaETH aims to have shorter block times than Solana, potentially processing transactions milliseconds faster. Solana supporters responded by stating that the 81,000 TPS limit is adjustable and criticized MegaETH for commenting on an existing blockchain while still being unreleased. TPS, which measures how many transactions a blockchain can process per second, is often used aspirationally. Firedancer's 1 million TPS was achieved in a testing environment without actual user transactions. Other unreleased blockchains like Monad and Layer N have also reported high TPS numbers in testing. Solana's TPS is influenced by whether

According to Blockworks, Sky, previously known as MakerDAO, is contemplating the deployment of its native tokens on the Solana blockchain. This move was detailed by co-founder Rune Christensen in a forum post. Christensen has shown a long-standing interest in Solana, even suggesting a shift to a fork of the Solana codebase last year. The timing appears strategic as Sky aims to increase the adoption of its decentralized stablecoins amidst Solana DeFi's recent growth. Sky, which launched as MakerDAO in 2015 and introduced the DAI stablecoin in 2017, has been a significant player in the DeFi space. DAI, now rebranded as USDS, remains the third-largest stablecoin by market capitalization, following USDT and USDC. Sky's peg stability module, which helps maintain USDS' peg by taking in USDC and issuing USDS, is its most-used product. Additionally, locking DAI in Sky’s Spark protocol to receive elevated yields via sDAI (now sUSDS) is also popular. To expand the PSM and Spark, Sky is now looking to Solana, where it plans to launch USDS and yield-bearing sUSDS. Initially, the deployment will occur via the Wormhole bridge as Sky prepares for Solana SkyLink, a native launch of Sky on Solana. Solana is seen as a promising venue for stablecoins, with a stablecoin market capitalization that is 68% USDC, according to DeFiLlama. This dominance was previously higher before PayPal’s PYUSD stablecoin began a Solana liquidity incentive program. Sky intends to follow a similar path to PYUSD, with Christensen mentioning a liquidity incentive program to make USDS and sUSDS liquid on decentralized exchanges. This program could resemble PYUSD’s incentives in the short term, but once SkyLink is operational, the stablecoin will offer additional features. Christensen highlighted that Solana is a growing DeFi ecosystem lacking a major decentralized stablecoin with built-in rewards.

According to Foresight News, Jupiter has announced the launch of its Metropolis API platform. This new platform is designed to support liquidity applications on the Solana blockchain. The Metropolis API platform includes several key components such as token APIs, price APIs, and swap APIs. These APIs aim to enhance the functionality and efficiency of liquidity applications operating within the Solana ecosystem.

According to Foresight News, data from DefiLlama indicates that the 24-hour trading volume on Solana's decentralized exchanges (DEX) has reached $1.13 billion. This figure surpasses Ethereum's 24-hour trading volume of $1.118 billion, placing Solana in the top position.

According to Foresight News, Solana's staking project Jito has proposed an improvement plan for the phased deployment of its restaking module. If approved, the Jito Foundation will transfer the deployed instances of the protocol to Jito DAO in three stages. The first stage, known as the migration phase, will allow users to transfer their assets to the Vault Restake Token (VRT) vault. This phase aims to facilitate the smooth transition of assets into the new system. The second stage, the staking phase, will enable the Node Consensus Network (NCN) to launch and implement most of the core functions of the protocol. This phase is crucial for establishing the operational framework and ensuring the protocol's core functionalities are active. The final stage, the forfeiture phase, will allow the NCN to activate forfeiture. This phase is designed to ensure that the network can enforce penalties and maintain security and integrity. The successful implementation of these stages is expected to enhance the overall efficiency and security of the Jito protocol within the Solana ecosystem.

According to Odaily, data from Artemis reveals that Solana has experienced a net inflow of $988 million over the past three months. This amount surpasses the combined net inflows of all other blockchain networks during the same period.