š Week in Solana: Ready, Steadyā¦ As BTC Eyes New ATH
BTC pushes toward $110K! Solana DApps lead revenue again! TVL steady at $10.4B! Maple brings stablecoin to Solana! Pump(.)fun plans $1B token sale!
Letās unpack Solanaās steady grind this week. š§µ
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š Market Overview:
Bitcoin climbed 4% to $109K as markets build momentum ahead of the June FOMC meeting. SOL held mostly steady, slipping from $160 to $158 (-1%) but rebounding from sub-$145 lows. Solana ecosystem tokens broke a multi-week losing streak, adding 1% mcap while trading volume rose 19%.
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š¦ DeFi & Revenue Strength:
Solanaās TVL stayed stable at $10.4B, firmly holding the #2 spot behind Ethereum ($68B). DEX volume dipped 5% weekly, but 30-day volume sits near $90B. Kamino now leads lending with $3.5B in net deposits. DApps continue to dominate, pulling $35.3M in weekly revenue, nearly 50% market share.
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ā ETF Developments Stay Muted:
Canary Capital registered its Canary Marinade Solana ETF filing in Delaware, adding staking features to the amendment. Despite the filing, SOLās price reaction was flat, with markets waiting for regulatory clarity.
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š§ Ecosystem Growth:
Maple Finance expanded to Solana, deploying syrupUSD with $30M in liquidity via Chainlink CCIP. Pump(.)fun gears up for a $1B token sale at a $4B valuation within two weeks. Meanwhile, DeSci project CUDIS launched a Solana token for its wellness ring & fitness platform to decentralize health data.
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š” Key Takeaways:
š¹ Watch BTC ahead of FOMC, itās driving alt sentiment.
š¹ Follow Mapleās cross-chain stablecoin rollout.
š¹ Monitor Kamino as it leads Solana lending.
Stay informed, stay ahead:
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