According to Odaily, Solana Name Service (SNS) has announced its expansion to the Base chain. This development opens up new possibilities for users and developers within both ecosystems. The integration of SNS with Base has extended the options for unified digital identity and simplified blockchain interactions. The expansion has facilitated cross-chain identity, improved user experience, increased adoption rates, enhanced security, and greater interoperability. It also benefits developers by providing them with more opportunities. This move is a significant step forward in the blockchain industry, as it allows for more seamless interactions and transactions across different blockchain platforms. The integration of SNS and Base chain is expected to bring about a more user-friendly experience in the blockchain space. It aims to simplify the process of digital identity verification and blockchain interactions, making it more accessible to a broader audience. This could potentially lead to an increase in the adoption rate of blockchain technology. Moreover, the enhanced security features that come with the integration are expected to provide users with a safer environment for their transactions. The increased interoperability also allows for more efficient communication between different blockchain platforms, which is beneficial for developers. This expansion of Solana Name Service to the Base chain is a significant development in the blockchain industry, offering new possibilities for users and developers alike.

According to Odaily, Pantera Capital has likened Solana to the Mac OS of the blockchain world in its recent report. The report highlights Solana's significant market share gains over the past year, drawing parallels to Microsoft's early dominance in the desktop computer market until Apple made breakthroughs with its vertically integrated approach. Solana is now considered a major competitor for the future of blockchain development. The overall architecture of Solana includes a product roadmap that focuses on optimizing each component of its own blockchain, similar to Apple's method of vertically integrating hardware and software stacks in macOS. This comparison to Apple's strategy suggests that Solana is aiming to create a seamless, integrated experience for its users, much like Apple has done with its operating systems. The report by Pantera Capital underscores the growing influence of Solana in the blockchain space and its potential to shape the future of this technology.

According to Odaily, Solayer, a staking protocol in the Solana ecosystem, has announced that Epoch 2 will reopen on June 21 at midnight. The details of the reopening are as follows: Epoch 2 will be open for 24 hours with no upper limit. This means that users can engage in staking activities for a full day without any restrictions on the amount of staking. This is a significant development as it allows for greater flexibility and potential returns for users. In addition, native SOL deposits will be prioritized. This implies that users who deposit SOL, the native token of the Solana blockchain, will be given preference. This could potentially encourage more users to acquire and deposit SOL, thereby boosting its usage and value within the Solana ecosystem. Finally, withdrawals will be opened during Epoch 3. This means that users will be able to withdraw their staked tokens during the third epoch. This provides users with the assurance that they can retrieve their tokens when they wish to do so. This announcement by Solayer is a significant development in the Solana ecosystem. It provides users with more flexibility and potential for returns, while also promoting the use of the native SOL token. It also provides assurance to users that they can retrieve their tokens when necessary.

According to BlockBeats, a certain MEV (Miner Extractable Value) robot has reportedly earned 250,000 SOL (equivalent to approximately 34 million USD) within a span of two months. All the profits have been transferred to a wallet address beginning with 9973hW. MEV robots are designed to exploit the differences in transaction prices on the blockchain, allowing them to earn profits from these discrepancies. In this case, the MEV robot has managed to accumulate a significant amount of SOL, a cryptocurrency associated with the Solana blockchain platform. The wallet address beginning with 9973hW, to which all the profits have been transferred, is yet to be identified. The transfer of such a large amount of cryptocurrency raises questions about the security and transparency of blockchain transactions. This incident underscores the potential profitability of MEV robots in the cryptocurrency market. However, it also highlights the need for increased scrutiny and regulation to ensure fair and transparent trading practices.

According to Odaily, Marinade, a liquidity staking protocol on Solana, has announced the launch of an equity auction market, known as SAM. The initiative aims to increase yield rates and promote the decentralization of Solana. The equity auction market is set to open for testing at the end of June, with live auctions commencing in August. The allocation of bids is scheduled to take place in the fourth quarter of the year. The launch of SAM is a significant step towards enhancing the decentralization of Solana. By increasing yield rates, Marinade aims to attract more participants to the Solana network, thereby promoting its decentralization. The testing phase of the equity auction market will provide an opportunity for potential participants to familiarize themselves with the system before the live auctions begin. The allocation of bids in the fourth quarter will mark the final stage of the launch. This process will determine the distribution of equity among participants, further promoting the decentralization of the Solana network. The launch of SAM by Marinade is a clear indication of the growing interest in the decentralization of blockchain networks, with Solana being a prime example.

According to Foresight News, Zeta Markets, a derivatives protocol on Solana, has announced that its total trading volume has just exceeded $10 billion. This significant milestone highlights the growing influence of Zeta Markets in the cryptocurrency market. Solana, the blockchain platform hosting Zeta Markets, is known for its high-speed and low-cost transactions, making it an attractive platform for traders and investors alike. The achievement of Zeta Markets indicates the increasing adoption and acceptance of digital assets and blockchain technology in the financial sector.

According to U.Today, Raoul Pal, the CEO of Real Vision, has made a significant prediction for the cryptocurrency Solana (SOL), comparing its potential growth to 'slowly ripening bananas' that will be 'magnificent in the autumn.' Pal's metaphorical statement indicates his belief in a substantial future price increase for SOL. Despite the recent market downturn, Pal suggests that the current price drop could be a buying opportunity for those looking to expand their Solana holdings. On Tuesday, Solana prices fell further, reaching intraday lows of $128, following a decline on Monday. At the time of writing, SOL was down 5.08% in the last 24 hours to $136 and down 11.46% in the previous week. Despite the bearish market trend, Pal's projection suggests that Solana could be poised for a significant rebound. Pal had previously predicted the advent of a 'banana season' for Solana, indicating a period of growth. The cryptocurrency market plunged into a sea of red on Monday, with several cryptocurrencies losing more than 10%. The falls continued into Tuesday's trading day, with the majority of cryptocurrencies still trading in the red. The cryptocurrency market capitalization has dropped to $2.34 trillion, a 2.08% decrease in the last 24 hours. Solana fell to lows not seen since mid-April, momentarily falling below the crucial support of the daily SMA 200 at $130 before marginally rebounding. In the event of further price declines, bears may target a drop to the critical support at $116. This level has previously provided solid support, and the bulls will attempt to defend it again. On the other hand, if the price rebounds, a break above $157 or the daily SMA 50 barrier might prompt SOL to escape range trading in the short term.

According to BlockBeats, Drift, a perpetual contract protocol on Solana, announced the launch of its DRIFT staking functionality on June 19. This new feature allows users to participate in governance without the need to deposit Realms. Stakers are entitled to several benefits. These include double voting rights, fees from the DRIFT/USDC market, and any future profits realized through governance. The launch of this staking functionality is a significant step for Drift, as it allows users to have a more active role in the protocol's governance. The introduction of this feature is expected to enhance the overall user experience and increase participation in the protocol's governance. It is also anticipated to contribute to the growth and development of the Drift protocol on the Solana platform.

According to Odaily, Vibhu Norby, the founder of Solana creator platform DRiP Haus, has announced plans to launch an Android and iOS app in July. The application will automatically create native embedded wallets for users. Currently, the product is undergoing alpha testing. DRiP Haus is a platform that allows creators to distribute digital works such as art or music and receive payments and tips. The platform plans to add news, videos, and podcast content types and will use the Solana blockchain for payments. Data will be stored on the decentralized storage protocol Arweave. Unlike other Web2 subscription platforms, users on the DRiP platform will retain ownership of their content as it is stored in their wallets.

According to Odaily, Parcl, a real estate trading platform on the Solana network, has reported a breakthrough in its total transaction volume, exceeding $2 billion. The announcement was made on the X platform by SolanaFloor, highlighting the significant milestone achieved by the blockchain-based real estate platform. Parcl's success underscores the growing trend of integrating blockchain technology into the real estate sector. The platform's achievement of surpassing the $2 billion mark in transactions signifies the increasing acceptance and use of blockchain technology in real estate transactions. This milestone also indicates the potential of blockchain technology to revolutionize the real estate industry by providing a more secure, transparent, and efficient method of conducting transactions. The Solana network, known for its high-speed and low-cost transactions, has been instrumental in Parcl's success. The network's scalability and efficiency have made it an ideal choice for platforms like Parcl that require high transaction volumes. The success of Parcl on the Solana network could potentially encourage more real estate platforms to adopt blockchain technology, further driving the growth and development of the blockchain real estate sector.

According to ChainCatcher, data from the Web3 asset data platform RootData indicates significant gains among assets in the Solana sector over the past 24 hours. Leading the market is AMU, with an impressive 89.75% increase. Performance Highlights - AMU: Topped the charts with a staggering 89.75% gain. - PONKE: Secured the second spot with a 10.56% increase.   Other notable gainers within the Solana sector include: - ZIG: Ranked third - RAIL - KIN - ELIX - MNGO Analysis and Implications - Market Drivers: The substantial increase in AMU's value suggests significant market interest or recent developments surrounding the asset, which can provide opportunities for short-term traders and long-term investors alike. - Sector Dynamics: Solana's ecosystem continues to show strong activity, with various assets experiencing notable gains. This reflects robust investor confidence and potential positive developments in the broader Solana network. - Investment Insights: Monitoring top-performing assets like AMU and others within the Solana sector can offer strategic insights for investors looking to capitalize on emerging trends. Strategic Takeaways for Investors - Due Diligence: Investors should perform thorough due diligence on AMU and other top gainers to understand the factors driving their performance and assess the sustainability of their gains. - Market Trends: Observing market trends within the Solana sector can help in identifying potential breakout assets and understanding the broader market sentiment. - Diversification: For those involved in the crypto market, diversifying holdings within high-performing sectors like Solana can mitigate risk and optimize returns. AMU's exceptional 89.75% gain in the past 24 hours highlights significant momentum within the Solana sector. With various other assets also showing strong performance, this sector warrants close attention from investors seeking to leverage rapid market movements.

According to Odaily, the cryptocurrency SOL has experienced a significant drop in its value. The latest market data reveals that SOL has fallen below the 140 USDT mark, currently standing at 137.85 USDT. This represents a 7.77% decrease within a 24-hour period. The sudden drop in SOL's value is a notable event in the cryptocurrency market. It is important for investors and market watchers to keep a close eye on these fluctuations as they can have significant implications for investment strategies and market trends. The cryptocurrency market is known for its volatility, and SOL's recent drop is a clear example of this. Despite the decrease, the current value of SOL still represents a significant investment for many. As always, investors are advised to carefully consider their options and stay informed about market trends.

According to Foresight News, Pyth Network has announced the deployment of its Pull Oracle on Solana. Developers of Solana's mainnet beta can access Pyth's oracle prices by actively requesting or pulling price updates from the Pythnet application chain to the Solana environment. With this deployment, protocols on Solana will use Pyth's oracle just like applications on other blockchains. This move marks a significant step in the integration of Pyth's oracle into the Solana ecosystem, further expanding its reach and utility.

According to Foresight News, the Solana staking project, Jito TVL, has reached a historical high. The monitoring data from SolanaFloor indicates that Jito TVL has achieved 11 million SOL, setting a new record. This significant milestone underscores the growing interest and participation in the Solana staking project.

According to Odaily, Solana's ecosystem DEX Jupiter has announced the launch of a new proposal concerning the budget for Uplink. The proposal is now live on platform X, allowing users to vote on whether to provide funding for Uplink WG to continue achieving its communication goals with the public. The initiative is a significant step in the decision-making process, as it empowers the community to have a say in the allocation of resources. The proposal's success or failure will directly impact Uplink WG's ability to maintain its communication objectives. The announcement underscores the importance of community involvement in the Solana ecosystem and the role of decentralized exchanges like Jupiter in facilitating such engagement. The outcome of the vote will provide valuable insights into the community's priorities and could potentially shape the future direction of Uplink WG's communication strategies.

According to Odaily, blockchain analyst Ben has reported that the Solana Sandwich Bot has earned over $30 million through Maximum Extractable Value (MEV) arbitrage in the past two months. The bot has transferred 114,000 SOL, equivalent to approximately $16.5 million, to a less active address for safekeeping. In addition to this, the bot has another wallet that is actively participating in Solana DeFi. It is gradually converting SOL into USDC through Jupiter DCA and is active in Kamino and various LSTs. The controller behind the bot is using a large number of different signatories to obscure their activities and profits.

According to the Cointelegraph: The price of Solana's native token, SOL, has fallen by 3.45% over the last 24 hours, reaching approximately $143.50 on June 15. This underperformance contrasts with a broader crypto market decline of around 1.5% during the same period. Several catalysts are driving SOL's price lower: SOL/USD daily price chart. Source: TradingView 1. Weakness in SOL/ETH Pair - SOL/ETH Pair Performance: The SOL/ETH pair has dropped 22.65% since May 20, primarily due to increasing interest in Ethereum, especially regarding potential regulatory approvals for spot Ether exchange-traded funds (ETFs) in the United States. - Market Share Shift: Solana's market dominance decreased from 3.30% to 2.82%, while Ethereum's share increased from 15.78% to 18.04% over the same period. SOL/ETH daily price chart. Source: TradingView 2. Stagnant Inflows into the Solana Ecosystem - Investment Vehicle Inflows: CoinShares' report shows that Ether investment vehicles attracted $68.9 million in the week ending June 8, compared to Solana’s modest $0.7 million in inflows. Crypto funds net flows. Source: CoinShares 3. Declining Solana Network Usage - Total Value Locked (TVL): Stagnant TVL metrics across the Solana ecosystem indicate a decline in network usage. Key projects like Jito, Marinade, and Kamino have all seen modest declines in their SOL reserves over the last 24 hours. - DEX User Decline: A decreasing number of decentralized exchange (DEX) users on Solana's blockchain is contributing to the sell-off of SOL holdings, increasing selling pressure without a corresponding rise in buying demand. Solana and its top dapps TVL performance. Source: Defi Llama 4. Broader Market Factors - Broader Crypto Market Correction: SOL's price decline is part of a broader market correction. - Rising U.S. Dollar Index: The increase in the U.S. dollar index points to a dwindling risk appetite among investors. U.S. dollar index versus SOL/USD daily performance chart. Source: TradingView Technical Analysis Multiphase Decline - Multi-Week Descending Trendline: Since retesting its multi-week descending trendline as resistance on June 6, SOL/USD has dropped over 18%. - Multi-Month Ascending Trendline Support: As of June 15, SOL is testing this key support level for a potential rebound toward the 50-day exponential moving average (50-day EMA) at around $158.65—representing a potential 13.50% gain from current levels by the end of June. SOL/USD daily price chart. Source: TradingView Potential Downside Risk - Break Below Trendline Support: If SOL breaks below this support, the next target could be the 200-day EMA at around $129.50.

According to Odaily, Slerf has announced that the next round of refunds will be conducted in the coming days. The current situation is as follows: A total of 40,901 SOL has been raised, falling short of the target of 53,800 SOL. Furthermore, refunds will be issued to the wallets of 105 participants. This represents less than 1% of the total initial participants. The announcement comes as Slerf continues to navigate the complexities of its fundraising efforts. The upcoming refund round is a part of the company's commitment to maintain transparency and fairness in its operations. Further details about the refund process or the reasons behind the shortfall in the fundraising target were not provided. It remains to be seen how this development will impact Slerf's operations and future plans.

According to BlockBeats, Jupiter, a decentralized exchange (DEX) aggregator in the Solana ecosystem, has seen its total transaction volume exceed $210 billion. The current transaction volume stands at $212.4 billion as of June 15. Jupiter Station's data reveals this significant milestone, demonstrating the growing influence and adoption of the Solana blockchain and its associated DEX aggregator, Jupiter. This development is a testament to the increasing popularity and usage of decentralized exchanges, which are becoming a vital part of the broader cryptocurrency ecosystem. However, it's important to note that while these figures are impressive, they also highlight the volatile and rapidly changing nature of the cryptocurrency market. Investors and users of the Solana ecosystem and Jupiter DEX aggregator should remain aware of these dynamics as they navigate this space.

According to BlockBeats, Solana's decentralized exchange (DEX) Jupiter has announced the introduction of the Value Average feature as part of its V3 version release on June 15. The Value Average feature is designed to adjust users' investments based on market trends, thereby expanding their investment portfolio. In practice, it purchases more when prices fall and less when prices rise. This strategic feature aims to optimize the investment process by automatically adjusting to market fluctuations. This update is part of Jupiter's continuous efforts to enhance user experience and provide more efficient investment tools on its platform. The introduction of the Value Average feature is expected to bring a new level of sophistication to the platform's investment strategies.