This Week in Solana May 5th-11th 2025

May 11, 2025

Markets absolutely ripped this week.
BTC/SOL/ETH Price Movement
Sol - Up 16.74%
Eth - Up 35.74%
BTC - Up 9%
Total Crypto Market Cap - Up11.5% to 3.19T

Solana’s DeFi TVL has surged 50% in the past 30 days, rising from $6.2B to $9.31B. This recovery brings TVL close to January’s all-time highs

Defi Tuna (@DeFiTuna) announced their snapshot and plans for tokenomics…no governance

https://x.com/DeFiTuna/status/1921302395188842976

Doodles (@doodles) airdropped without needing to claim for a lot of solana users. As always, people complain about free money and who/who wasn’t included. Seeker (@solanamobile) pre-orders each got 1368 $DOOD (about $10 at the time)

Anza (@anza_xyz) published blog by @MaxResnick1 and @aeyakovenko explaining how multiple concurrent leaders will make decentralized NASDAQ a reality on Solana - https://www.anza.xyz/blog/the-path-to-decentralized-nasdaq

@KaminoFinance saw over $590M in net deposits into its lending vaults in April as $SOL sank in price. Users borrowed more than $635M in the last 30 days, with $SOL leading at over $359M borrowed

SOL Strategies (@solstrategies_) is working to become the FIRST public company to bring registered shares on Solana through @superstatefunds' Opening Bell platform. You can sign up to get pre-approved with KYC to be ready to ape in.

https://solstrategies.io/sol-strategies-exploring-pathway-to-tokenize-shares-on-solana-blockchain/

Read about Open Bell here - https://superstate.com/blog/introducing-opening-bell

@RobinhoodApp is building a blockchain platform to let European investors trade US securities, in potential partnership with @Solana and other blockchains. Solana even being in the running and not just an Eth L2 is a major step forward.

Jupiter Exchange (@JupiterExchange) continues shipping with Universal Send from @jup_mobile. You want that $100 mom? Gotta get onchain to get it!!!

btcSOL (@btcsol_co) is in the works, built on @ZeusNetworkHQ and will allow you to stake $SOL and get zBTC in return. ➝ Stake $SOL Accumulate $BTC

Fuse Wallet (@fusewallet) announced Fuse Plus. You only need $100 deposited to qualify.
Free transactions: We cover all Solana network fees.
Free off-ramps: Send 25K USDC/month to your bank account with zero platform fees.

Solana Name Service (@sns) is launching a token: $SNS. 40% of the supply is being dropped to early & new supporters. Check here - https://airdrop.sns.id

Loopscale(@LoopscaleLabs) Announced that vault withdrawals are now re-enabled following code review by @sec3dev. They published the incident post-mortem detailing the vulnerability, how they fixed it, and their commitment to strengthening security. Read about it here - https://blog.loopscale.com/posts/postmortem

Mert (@0xMert_) posted that Solana blocks are getting 20% bigger - https://www.helius.dev/blog/agave-v22-update--all-you-need-to-know

Over $450 million worth of assets were bridged from other chains to @Solana in April, including almost $300 mil from Eth to Solana

Huma Finance (@humafinance) opened up again for deposits and quickly filled up again. You can still swap on a dex for mPST to get involved. Huma has surpassed $4B in transactions in just a few weeks since launching.