This Week in Solana April 21-27th 2025

Bonk introduces their own meme platform, (@bonk_fun) https://letsbonk.fun/ that will allocate a portion of fees to will help secure and support the Solana Network through use of the BONKsol validator, and go towards $BONK buy and burns

Solana hit $10 billion in USDC onchain!

Lots happening at Solana Crossroads (@SolanaCrossroad)

  • Jupiter (@JupiterExchange) is building a defi superapp to do everything in one place

  • Brian Smith/Jito says there is more consensus on lowering inflation and they expect a new SIMD to come forward

  • Marinade (@MarinadeFinance) launched instant unstaking, so you don’t need to wait 3 epochs on native staked SOL

  • KAST (@KASTcard) is launching their own dex, focusing on stable coin swaps, with a focus on 0% stable swaps

  • Max Resnik (@MaxResnick1) says once Solana hits 1 million TPS, they’d be capable of moving Visa, Mastercard, etc onchain.  

  • Meteora (@MeteoraAG) is working on an anti-sniping suite to protect users on new token launches

  • There was a physical Seeker phone at the event for people to check out.  We are getting closer.

Solflare (@solflare) have announced they are joining the debit card game.  You can join the waitlist now at - https://www.solflare.com/crypto-card/

Loopscale (@LoopscaleLabs) was exploited for 5.7M USDC and 1,200 SOL from the Loopscale USDC and SOL Vaults. This exploit represents roughly ~12% of funds on Loopscale and only affects depositors to the Loopscale USDC and SOL vaults.  The team is working on trying to recover funds from the hacker and paused withdrawals from the protocol temporarily.  

Mert (@0xMert_) tweeted that the Solana Foundation is now gradually reducing the number of validators it delegates to incentivize nodes to be more self-reliant.  

A new @jup_dao (https://vote.jup.ag/)  vote is up, aiming to help define the role of the Jup DAO after a lot of complaints from recent proposals.  Voting ends on April 27th

SOL Strategies (@solstrategies_) secures landmark USD $500M convertible note facility with ATW Partners to expand SOL holdings. This first-of-its-kind structure is exclusively for SOL purchases and staking on their validators, with interest paid in SOL.  They are taking their own Saylor approach with $SOL

A Marinade (@MarinadeFinance) user just swapped 350,000 SOL (~$53M) into mSOL in a single move. At current projected yearly rewards, they’ll earn an extra 30,000 SOL—simply for holding.

Galaxy Digital (@galaxyhq) flipped $105M worth of ETH into SOL. 65,600 ETH out - 752,240 SOL in.

@Claynosaurz Won the Webby! Amazing to see a web3 brand win.

Coinbase finally released an asset recovery tool for @solana.  Eligible unsupported SPL tokens mistakenly sent to your Coinbase address can now be reclaimed using their self-service recovery tool—no support ticket needed. Recover assets: http://coinbase.com/asset-recovery

Upexi, a Nasdaq-listed consumer goods company, is going Saylor and raising $100M to begin accumulating Solana.

Solana Floor (@SolanaFloor) has released a Seeker Hub, to try and create a place to track any airdrops for the upcoming Seeker phone.  Anyone with a Saga will remember the handful of shady sites that popped up to try and help claims, so maybe this time it can be a bit more collected.It’s now LIVE at http://SolanaFloor.com/seeker

BTC/SOL/ETH Price on the week

Sol - Up 8.86%
Eth - Up 14.17%
BTC - Up 11.31%
Total Crypto Market Cap - Up 10.39% to 2.84T


DeFi Links X + Websites

Kamino - @KaminoFinance - https://app.kamino.finance/
Lulo - @uselulo - https://app.lulo.fi/
Drift - @DriftProtocol - https://app.drift.trade/
Defi Tuna - @DeFiTuna - https://defituna.com/
Marginfi - @marginfi - https://app.marginfi.com/
Defi Carrot - @DeFiCarrot - https://use.deficarrot.com/
Perena - @Perena -  https://app.perena.org/ - referral code: GPZQDB
Loopscale - (@LoopscaleLabs) - https://app.loopscale.com/lend 

Referral Codes + Bonuses for you + DTS

Coinbase

Perena - referral code - GPZQDB 

Ledger

Defi Carrot

DeFi the System on Access Protocol

SNS - .sol Domains

Grass - Earn $GRASS while supplying used bandwidth

HUMA finance - Earn feathers and swap USDC for their stable coin for 10% APY

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