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.

According to Odaily, Jupiter, a decentralized exchange (DEX) within the Solana ecosystem, has announced an upgrade to the V3 version of its Terminal. The Terminal, described as a streamlined open-source version of Jupiter, has introduced new features such as instant routing, intelligent token filtering, and an ecosystem token list. These enhancements aim to improve the user experience and functionality of the platform. The instant routing feature allows for quicker transactions, while the intelligent token filtering aids users in navigating the vast array of tokens available. The ecosystem token list provides a comprehensive overview of all tokens within the Solana ecosystem, further simplifying the process for users. This upgrade underscores Jupiter's commitment to continuous improvement and user-centric design.

According to Foresight News, data from Solscan reveals that the average transactions per second (TPS) for Solana in the first half of 2024 was approximately 2200. The success rate of these transactions exceeded 80%. This indicates a robust performance of the Solana network, with a high volume of transactions being processed successfully.

According to Odaily, Matt Sigel, the head of digital asset research at VanEck, has stated that the changing regulatory landscape in the United States has increased the chances of approval for the SOL ETF more than ever before. VanEck aims to be among the first batch of candidates reviewed by the U.S. Securities and Exchange Commission (SEC), as historically, most products have been approved on a first-come, first-served basis.

According to U.Today, New York-based investment firm VanEck has proposed the launch of a spot Solana ETF, named the VanEck Solana Trust. The fund aims to offer direct exposure to SOL by valuing its shares daily using prices from selected trading platforms. This move aligns with the recent SEC approval of Bitcoin ETFs and the ongoing approval of several spot Ethereum ETFs, including one from VanEck. Anthony Pompliano, a prominent figure in the industry, highlighted the ETF filing as evidence that altcoins are gaining traction on Wall Street. He suggested that cryptocurrencies are increasing volatility and risk in public markets, reinforcing the notion that more institutions are showing interest in digital assets beyond Bitcoin and Ethereum. However, Bloomberg ETF analyst James Seyffart expressed caution, noting potential regulatory obstacles. Seyffart mentioned that despite VanEck's filing for the Solana ETF, its launch could be delayed depending on political developments. He pointed out that a formal 19b-4 filing, crucial for setting a timeline, is not yet available, indicating that the launch might not occur until mid-March 2025 at the earliest. Looking forward, there are several questions regarding the regulatory environment and the timeline for approval. The key aspect to monitor is how market dynamics and investor sentiment will shift as more altcoin ETF proposals are evaluated.

According to Odaily, analyst Eric Balchunas has suggested that the approval of a Solana ETF within the next 12 months is closely tied to the possibility of a change in the US presidency. Balchunas further indicated that although the Solana ETF will not receive approval this year, changes in the US presidency and the leadership of the US Securities and Exchange Commission could make anything possible in 2025.

According to Foresight News, Solana's derivative protocol, Drift, has reported that since its integration with Ondo, the deposits of USDY have exceeded 2 million. This significant increase in deposits indicates the growing popularity and acceptance of the protocol among users. The integration with Ondo has evidently played a crucial role in this surge, enhancing the functionality and usability of the Drift protocol on the Solana ecosystem. Further details about the integration or its impact on the overall performance of the protocol were not provided.

According to Odaily, the decentralized prediction market platform Hedgehog has introduced support for Solana Blinks. This development allows users to place bets directly on the prediction market on the X platform. The news was later confirmed by the official Hedgehog account, indirectly verifying the authenticity of the information. The integration of Solana Blinks into the Hedgehog platform is a significant step in expanding the capabilities of the decentralized prediction market. Users can now directly engage with the prediction market on the X platform, enhancing the overall user experience and functionality of the platform. This move also signifies the growing influence of Solana Blinks in the decentralized market space.

According to Foresight News, Wormhole has announced that it has received a grant from the Worldcoin Foundation. The funding will be used to expand the Worldcoin World ID into the Solana ecosystem. The move is seen as a significant step towards integrating Worldcoin's services into a broader range of platforms and enhancing its reach in the digital space. The details of the grant, including the amount and terms, were not disclosed in the announcement. The Solana ecosystem is a high-performance blockchain that supports builders around the world in creating crypto apps that scale. The integration of Worldcoin World ID into this ecosystem could potentially increase the accessibility and usability of Worldcoin's services. This news follows a series of similar initiatives by other companies aiming to expand their digital footprint through strategic partnerships and funding.

According to PANews, the cross-chain interoperability platform, Wormhole, has announced that Worldcoin's World ID is about to launch on the Solana platform. This move is facilitated and supported by Wormhole. The announcement was made on June 27th. Wormhole's support for Worldcoin's World ID on Solana signifies a significant step in the expansion and development of the platform. This move is expected to enhance the interoperability and functionality of the World ID, thereby increasing its utility and value in the digital currency market. Further details about the launch or the specific features of the World ID on Solana were not disclosed in the announcement. However, the collaboration between Wormhole and Worldcoin is anticipated to bring about a new era of cross-chain interoperability, enhancing the overall efficiency and effectiveness of digital transactions.

According to U.Today, Solana, currently the fifth-largest cryptocurrency by market capitalization, could be on the brink of a price reversal, if historical patterns repeat themselves. An analyst and investor in cryptocurrency and stocks, known as 'Jelle', has highlighted a chart pattern that closely resembles the one that preceded Solana's breakout in 2022. This observation comes amidst a period of market uncertainty, which has also affected Solana. In 2022, this technical setup predicted a significant price surge for Solana, leading to a breakout and subsequent bullish run. The pattern is similar to a descending triangle pattern, typically seen as a continuation pattern in a decline. However, when it follows a significant downtrend, it can suggest a reversal. Currently, Solana is showing similar market behavior, with this pattern nearing its end. This is a crucial point where the price is expected to hit a bottom and break out. If history serves as a guide, the breakout could move upwards, potentially reversing Solana's recent negative trend. At the time of writing, Solana was up 1.72% in the last 24 hours to $139. While patterns can offer insights into potential market movements, they are not foolproof predictors. Various factors, including market sentiment, fundamental developments within the Solana ecosystem, and broader economic conditions, can influence the outcome. The market is closely watching Solana's price action. A breakout above the upper trendline could confirm the bullish reversal and signal the start of a new upward trend. Conversely, a failure to break out might suggest continued consolidation or a potential decline. As patterns do not always repeat perfectly but often rhyme, for now, all eyes are on Solana for potential gains if history repeats itself.

According to BlockBeats, Bloomberg ETF analyst James Seyffart shared on social media on June 27 that analysts had previously speculated about the potential launch of a Solana spot ETF under a new White House and SEC administration. However, the approval rate remains uncertain. The launch could possibly occur sometime in 2025, but the exact timeline and likelihood of approval are still unknown. Seyffart's comments highlight the ongoing speculation and uncertainty surrounding the future of cryptocurrency ETFs under changing political landscapes. The potential for a Solana spot ETF under a new government and SEC administration is a topic of interest for many in the cryptocurrency and investment sectors. However, the uncertainty surrounding the approval rate indicates that there are still many unknowns in this area.

According to Odaily, market maker GSR has expressed a bullish outlook for SOL in its latest research report. The firm's recent analysis indicates a positive future for SOL, suggesting potential growth and profitability. However, the specifics of the report, including the factors contributing to this optimistic forecast, were not disclosed. This news comes amid a time of fluctuating market conditions, with various cryptocurrencies experiencing different trends. It's important to note that market predictions are not guaranteed and investors should conduct their own research before making any investment decisions.

According to Odaily, the cryptocurrency SOL has made significant strides, breaking through the 148 USDT mark. The latest data shows that SOL is now trading at 148.32 USDT, marking a significant increase in its value. Over the past 24 hours, SOL has seen a rise of 8.37%, indicating a positive trend in its market performance. This development in the cryptocurrency market is noteworthy as it reflects the dynamic nature of digital currencies. However, as with all investments, potential investors are advised to conduct thorough research and exercise caution. The volatility of the cryptocurrency market can lead to significant changes in a short period.

According to Odaily, Jupiter has announced its long-term goal of establishing a Giant Unified Market (GUM) on the Solana platform. This market will encompass stablecoins, real estate, commodities, yield markets, Memecoins, and stocks, all supported by the speed and community of Solana. Jupiter's initiative is driven by several key factors. Firstly, the high capital efficiency that Solana offers. Secondly, the increasing number of users, developers, and protocols on the platform. Lastly, the low transaction costs and speed that Solana provides. This move by Jupiter is seen as a significant step towards the integration of various financial sectors into a single, unified market on the Solana platform. It is expected to enhance the efficiency and effectiveness of transactions, while also fostering a more inclusive and diverse financial ecosystem.