The exciting week continues! @solana's Q3 results are outstanding:
- Total Value Locked (TVL) in DeFi grew 33% quarter-over-quarter to $11.5 billion. @kamino grew 33% quarter-over-quarter to $2.8 billion. @jup_lend held $720.7 million at the end of Q3.
- Application Revenue Capture Rate (Chain GDP/REV) grew to 263%. The Signal ecosystem is continuously monetizing network activity.
- Stablecoins grew 37% quarter-over-quarter to $14.1 billion. @global_dollar
jumped to third place, with @solsticefi
and @useCASH also joining the competition.
- @FWDind raised $1.65 billion. SOL DAT held 18.9 million SOL (worth $3.9 billion as of the end of Q3).
- Risk-weighted assets (RWA) grew 42% quarter-over-quarter to $682 million, with BlackRock's BUIDL showing the most significant growth, increasing 768% quarter-over-quarter to $175 million.
- @solanamobile's Seeker phone began shipping.
- @playsolana's PSG1 phone began shipping.
- @helium_mobile's daily active users reached 1.3 million.
- ICO competition intensifies with @JupiterExchange joining the fray alongside projects like @metaplex, @MetaDAOProject, @devfunpump, and @believeapp.
- @Titan_Exchange completed a $7 million seed funding round, and @bulktrade completed an $8 million seed funding round.
- @anza_xyz submitted an Alpenglow SIMD proposal.
- Market capitalization rose 37% quarter-over-quarter to $113.5 billion, and share price rose 35% quarter-over-quarter to $208.70.
- The first Solana ETF was launched by Rex Osprey, and @BitwiseInvest also launched its product this week.