According to Odaily, the cryptocurrency SOL has experienced a short-term drop, falling below 135 USDT. The current trading price is reported to be 135.36 USDT. Over the past 24 hours, the currency has seen a decrease of 11.92%. This marks a significant shift in the market for SOL, which is a key player in the cryptocurrency industry. The drop in price is a notable event in the financial market, reflecting the volatile nature of cryptocurrency trading. Despite the decrease, the current trading price remains close to the 135 USDT mark, indicating potential for recovery. The 24-hour decrease of nearly 12% is a substantial change, highlighting the rapid fluctuations that can occur in the cryptocurrency market. This event underscores the importance of staying informed about market trends and changes in the cryptocurrency industry.

According to Odaily, Matthew Sigel, the head of digital asset research at VanEck, has stated that the likelihood of VanEck launching a Solana ETF largely depends on the outcome of the 2024 presidential election and whether Gary Gensler continues to serve as the chairman of the U.S. Securities and Exchange Commission (SEC). Sigel noted that cryptocurrency voters could play a significant role in the upcoming election. He pointed out that there has been a shift in the regulatory environment at the level of elected officials, with several Democrats voting in favor of cryptocurrency legislation. Sigel also expressed agreement with recent comments made by SEC Chairman Gary Gensler that 'Ethereum applications are progressing smoothly.' He added, 'This might be the only time in three years that I agree with Gary Gensler's view.'

According to Foresight News, Jupiter, a trading aggregator in the Solana ecosystem, has announced the launch of a Meme coin trading platform named Ape. The platform offers a secure wallet vault where users can start trading by simply depositing SOL. Ape, currently in its Alpha stage, includes features such as token discovery and dynamic slippage setting. The platform charges a promotional fee of 0.069%.

According to Foresight News, a Nigerian cryptocurrency trader, Femi Akinola, has returned 90 SOL tokens, worth $14,000, that were mistakenly sent to him by a foreign trader. His act of honesty has been appreciated by members of the cryptocurrency community, and he has received a total of more than 35 SOL tokens in return.

According to Odaily, Solana ecosystem's Meme project, Pandiana, has successfully raised $500,000 in a pre-seed funding round. The round saw participation from YNK Capital, AlphaEquity Capital, and Gateron Ventures. Pandiana plans to integrate the concept of Meme with the 'play-to-earn' model. The newly acquired funds will be used to expand the influence of the Solana ecosystem. Additionally, the company plans to launch the PNDA token presale this week.

According to Odaily, Solana's AI project, QnA3, has announced an update to its product features. The project has launched a new tool that uses artificial intelligence to analyze token sentiment. In addition, it has introduced a KOL (Key Opinion Leader) series, which uses AI to analyze content from active KOLs in the market, assisting users in making judgments about tokens and market sentiment. This feature is set to collaborate closely with Solana's social scene in the near future. Following the announcement of these new features, GPT saw a short-term increase of 31.68%, with a current price of 0.1250 USDT. This rise may be attributed to the positive impact of the new features.

According to Odaily, SOL, a popular cryptocurrency, has recently broken through the 150 USDT mark. The latest data shows that it is now trading at 151.37 USDT. This represents a 2.68% increase in the past 24 hours. This significant increase indicates a positive trend for SOL in the cryptocurrency market. The rise in value is a promising sign for investors and traders who have been closely monitoring the performance of SOL. However, as with all investments, the value of cryptocurrencies can fluctuate, and investors are advised to proceed with caution. The future performance of SOL and its impact on the market remains to be seen.

According to Odaily, Kamino, a lending platform on Solana, has reported that it processed approximately $1.4 million in liquidations during the market turbulence in June, while the total amount of loans exceeded $600 million. In June, Kamino handled over 2,500 liquidations. Kamino's soft liquidation mechanism is designed to prevent borrowers from going bankrupt, with only about 20% of the user's collateral value being liquidated. The largest liquidation in June involved collateral worth over $70,000. Most liquidations involved collateral worth less than $20,000. The total transaction fees paid by the liquidator, on the day of the largest loss, processed nearly 800 liquidations. The total transaction fee was approximately 0.26 SOL, equivalent to about $40. The transaction fee for each liquidation in June was 0.001 SOL or lower for almost all transactions. This report highlights the resilience of the Kamino platform during a period of significant market volatility, demonstrating its ability to manage a high volume of transactions while minimizing the impact on borrowers.

According to Odaily, Solana's atomic SVM Layer 2 Sonic has announced that its testnet, Odyssey, has reached 300,000 wallets and surpassed 52 million transactions. The company has also revealed plans for an upgrade scheduled for 5 AM UTC on July 3rd. During the six-hour upgrade period, on-chain interactions on the Odyssey will be temporarily suspended. Once the upgrade is completed, a new ring lottery task will be launched on Odyssey. This development is expected to enhance the functionality and user experience of the platform. The significant growth in the number of wallets and transactions indicates the increasing popularity and adoption of the Sonic platform. The upcoming upgrade and the introduction of new features are anticipated to further boost its performance and user engagement.

According to Foresight News, Solayer, a staking protocol in the Solana ecosystem, has announced the completion of its builder round financing. The specific investment amount has not been disclosed. Investors include Anatoly Yakovenko, co-founder of Solana Labs, Michael Repetny, a core contributor to Marinade, Rooter, founder of Solend, Richard Wu, co-founder of Tensor, crypto KOL Ansem, and Sandeep Nailwal, co-founder of Polygon. In May, Foresight News reported that three venture capitalists familiar with the situation stated that Solayer hoped to complete a seed round of financing valued at $80 million with an $8 million investment.

According to Odaily, Solana's NFT platform Metaplex has announced that its DAO has entered a new phase. In June, the Metaplex protocol used 50% of its May fees (4490 SOL) and some historical fees (5510 SOL) to purchase MPLX, contributing a total of 3.8 million MPLX to the Metaplex DAO. The protocol generated a total of 8735 SOL in fees in June. Earlier in March, Metaplex announced the launch of a new NFT standard on the Solana chain, Core, which has already been launched on Devnet. Core, specifically designed for NFTs, supports storing key data in a single chain account, thereby reducing computational requirements, increasing throughput, and helping to improve the efficiency of the Solana network. The Core is fully supported by the Metaplex developer platform and can be seamlessly integrated with a set of SDKs and utilities. It is planned to be launched on the main network next week, with additional support from Candy Machine, DAS, Umi, and Amman. In addition, Metaplex announced that 50% of the protocol fees will be used to purchase MPLX tokens and send them to the Metaplex DAO, which includes all historical and future fees.

According to Odaily, Raydium, an Automated Market Maker (AMM) platform based on Solana, has announced its support for the Blink creation feature for all assets. This new development allows users to create blockchain links, known as Blinks, for any token and start earning a 1% referral fee. The announcement was made on platform X, further expanding the capabilities of the Solana-based AMM platform. This move is expected to enhance the user experience by providing more flexibility and opportunities for earnings. The Blink creation feature is a significant addition to the platform, allowing users to create blockchain links for any token. This feature not only increases the utility of the platform but also provides an additional income stream for users through the 1% referral fee. This development underscores Raydium's commitment to continually improving its platform and providing its users with more opportunities to earn. It also highlights the growing popularity and utility of Solana-based platforms in the blockchain industry.

According to Odaily, MoonPay, a cryptocurrency payment infrastructure, reported that Solana achieved several historic highs in June. These records include the number of SOL purchase transactions, the volume of purchases, and the number of unique buyers, all of which reached unprecedented levels. The report was published on platform X. Solana's performance in June marks a significant milestone for the cryptocurrency, reflecting increased interest and investment in SOL. The surge in the number of transactions and unique buyers indicates a growing user base and a broader acceptance of the cryptocurrency. MoonPay's report underscores the growing popularity of Solana and the increasing adoption of its SOL cryptocurrency. However, it did not provide specific figures for the record highs. The report was published on platform X, but no further details were provided about the platform or the nature of the publication.

According to BlockBeats, Tom Wan, a strategic analyst at 21.co, cited data from Dune on July 1st, indicating that Solana's liquidity pledge rate has risen to 6.58%. This represents a quarter-on-quarter increase of 1.76% in Q2. Furthermore, the dominance of the top three providers has dropped from 93% to 68.7%, suggesting a healthier and more diversified market. The data provided by Tom Wan offers a clear indication of the changing dynamics within the Solana market. The increase in the liquidity pledge rate and the decrease in dominance of the top providers suggest a shift towards a more balanced and diverse market. This could potentially lead to a more stable and resilient market in the future. The shift in dominance from the top three providers to a more diversified set of players is a positive sign for the Solana market. It indicates a move away from a concentrated market, which can often lead to instability and volatility. Instead, the market is moving towards a more balanced distribution of power, which is generally seen as a healthier state for any market. In conclusion, the rise in Solana's liquidity pledge rate and the decrease in the dominance of the top three providers are positive signs for the market. They indicate a move towards a healthier and more diversified market, which could potentially lead to greater stability and resilience in the future.

According to BlockBeats, Solana's decentralized exchange (DEX), Jupiter, has integrated PayPal's stablecoin, PYUSD, as of July 1. The integration will allow PYUSD to be available across all payment platforms integrated with Jupiter, including Sphere Labs and Helio Pay. The integration of PYUSD into Jupiter's ecosystem is a significant development, as it expands the range of digital assets available on the platform. It also provides users with more options for transactions, potentially increasing the platform's user base and transaction volume. The integration of PYUSD into Jupiter's ecosystem is a significant development, as it expands the range of digital assets available on the platform. It also provides users with more options for transactions, potentially increasing the platform's user base and transaction volume. The integration of PayPal's stablecoin into Jupiter's platform also signifies a growing trend of traditional financial institutions venturing into the digital asset space. This move could potentially pave the way for more collaborations between traditional financial institutions and blockchain-based platforms in the future.

According to Foresight News, Sanctum, a protocol within the Solana ecosystem, has announced that all user profiles have been temporarily locked. This means that users are currently unable to create or modify existing profiles, including editing linked wallets and social information. The only function available at this time is the viewing feature. Previously, Sanctum had launched Sanctum Profiles in a beta version, allowing users to create personal profiles on their website and link wallets and social media. In the short term, these profiles were intended to serve as a standard for their upcoming token, CLOUD. The long-term goal, however, is to enable users to establish their own identity and reputation within the community.

According to Foresight News, the floor price of Solana's NFT series, Mad Lads, has rebounded to over 100 SOL, currently standing at 106.7 SOL. This represents a 24-hour increase of 13.65%. The data was provided by Magic Eden. Solana's ecosystem continues to show strong performance in the NFT market.

According to U.Today, Solana has surpassed Ethereum in daily DEX trading volume, as per data from DefiLlama. Solana recorded a trading volume of $1.148 billion, while Ethereum managed $745 million. Solana-based platforms such as Raydium, Meteora, Orca, Phoenix, and Lifinity are among the top 10 DEXes by daily trading volume, although Uniswap and PancakeSwap still lead the pack. Patrick Scott, the founder of Dynamo DeFi, noted that Solana's DEX volume dominance is increasing and is set to exceed the 25% mark for the first time in June. DEX volume overall reached $26 billion over the past week, according to Dune Analytics. Earlier this year, trading on Solana-based DEXex saw a surge due to the rising popularity of meme coins. Solana, often referred to as the 'Ethereum killer', is also gaining traction due to growing interest in ETFs. New York-based investment firm VanEck recently filed to launch an ETF for Solana, followed by 21Shares with its own filing for the altcoin. However, analysts caution that approval for these ETFs may not be imminent. Despite an initial price surge due to the ETF hype, Solana's price has dipped slightly by 0.2% over the past two weeks. Currently, the altcoin is valued at $65.2 billion, according to CoinGecko, placing it fifth in terms of market capitalization, behind Bitcoin, Ethereum, Tether, and BNB.

According to Odaily, SolanaFloor has announced on platform X that over 500 million Non-Fungible Tokens (NFTs) have been minted on the Solana blockchain. A significant portion of these NFTs have been created using a new compression standard. In addition to this, the total number of collections has exceeded 100,000, and the number of collection addresses has surpassed 49 million. This indicates a significant increase in the use of the Solana blockchain for NFT creation and trading. The new compression standard being used for the majority of these NFTs represents a significant development in the NFT space. This could potentially lead to more efficient storage and transfer of NFTs, making the Solana blockchain an increasingly attractive platform for NFT creators and collectors. The surge in NFT minting on Solana is indicative of the growing popularity of NFTs and the increasing adoption of blockchain technology in various sectors. The use of a new compression standard could further enhance the efficiency and scalability of NFT transactions on the Solana blockchain.

According to U.Today, Zhu Su, co-founder of Three Arrows Capital hedge fund, has recently drawn attention to the performance of the Grayscale Solana Trust. He suggests that it could indicate a future value of Solana reaching $1,000 per SOL. This projection is based on a comparison with the historical performance of Ethereum and the Grayscale Ethereum Trust (ETHE), which was used as a benchmark. Grayscale's trusts function by allowing investors to gain exposure to digital currencies through a traditional investment vehicle, bypassing the challenges of buying, storing, and safekeeping digital assets directly. Each share of the trust represents a fraction of the cryptocurrency held by the trust, and the value of the shares can trade at a premium or discount to the underlying asset's market value. Four years ago, when Ethereum was trading at around $200, the Grayscale Ethereum Trust implied a value of $1,000 per ETH. This significant premium indicated strong investor confidence and future price expectations. Ethereum's price eventually caught up with these projections, experiencing substantial growth in subsequent years. This pattern suggests a potential roadmap for Solana. The comparison of Solana to Ethereum's early days, when it was also emerging as a significant platform, is noteworthy. If SOL follows a similar trajectory, the implied value suggested by the Grayscale Solana Trust could be realized. While past performance is not a guarantee of future results, the historical context offers a compelling narrative of Solana's growth prospects, making the $1,000 target a topic of interest in the community.