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Solana's Busiest Week Ever: Q3 Revenue Hits $222M and Major Ecosystem Launches

Solana's Busiest Week Ever: Q3 Revenue Hits $222M and Major Ecosystem Launches

Vibrant Solana graffiti art under a bridge

Hey there, crypto enthusiasts! If you've been keeping an eye on Solana, you know it's been buzzing like never before. The Solana Chinese community (@Solana_zh) just dropped a killer summary of what they're calling the network's busiest week in history. From skyrocketing revenues to a slew of new project launches, it's clear Solana is firing on all cylinders. Let's break it down in simple terms, so even if you're new to this, you'll get the gist.

Solana's Revenue Dominance Continues

First off, Solana crushed it in Q3 with a whopping $222 million in revenue. That's not just good—it's leading the pack among all major blockchains for the fourth quarter in a row. Revenue here basically means the fees and other earnings from transactions on the network. This shows how active and popular Solana is becoming, especially for fast, cheap transactions that attract developers and users alike.

Key Project Launches and Updates

The week was packed with exciting developments across the ecosystem. Here's a rundown of the highlights:

  • DoubleZero's Beta Mainnet Goes Live: @doublezero launched its beta mainnet, aiming to build a new financial network. Think of it as laying the groundwork for more advanced DeFi (Decentralized Finance) applications where you can lend, borrow, and trade without traditional banks.

  • OroGold's Gold-Backed Token: @orogoldapp introduced a 1:1 anchored tokenized asset backed by real gold. This is part of the RWA (Real World Assets) trend, where physical items like gold are represented as digital tokens on the blockchain for easier trading and ownership.

  • Moonbirds' $BIRB Token on Solana: The popular NFT project @moonbirds is set to launch its $BIRB token right on Solana. This could bring more NFT and meme token action to the network, blending art and finance in fun ways.

  • Keel Finance Injects Liquidity: @keel_fi, a native capital liquidity layer, went live and is pumping $2.5 billion in liquidity into DeFi, RWAs, and tokenized assets. Liquidity is key—it means there's plenty of money flowing to make trades smooth and efficient.

  • Addicted.fun's Simulation Game: @addicteddotfun rolled out a disruptive simulation game, adding a gaming twist to the Solana ecosystem.

  • Solstice's Delta-Neutral Stablecoin $USX: @solsticefi launched $USX, a stablecoin designed to stay steady regardless of market swings (that's what delta-neutral means). It hit $166 million in supply on day one—impressive start!

  • Phantom's CASH Stablecoin: The popular wallet @phantom introduced CASH, a new stablecoin that's gearing up to integrate with Stripe's global merchant network. This could make crypto payments as easy as using your credit card online.

  • Circle's USYC on Solana: @circle brought USYC, a tokenized money market fund, to Solana. Yields (earnings) are baked right into the token's price, making it super user-friendly for investors.

  • Brex Supports Stablecoin Payments: @brexHQ is jumping in with stablecoin support, starting with Solana integration. This bridges traditional finance with crypto.

  • Loopscale's Deposit Surge: @LoopscaleLabs saw deposits jump from $45 million to $104 million, signaling growing trust in their platform.

  • Republic Tokenizes Animoca Brands Equity: @joinrepublic plans to tokenize equity in @animocabrands on Solana, turning company shares into tradeable tokens.

  • Coral Protocol's AI Hackathon: @Coral_Protocol hosted a "Smart Internet Hackathon" with over 3,000 developers building 130+ AI apps. The $100,000 prize pool spurred innovation in AI on blockchain.

  • Collaterize's Collateral Coin: @CollaterizeHQ launched a tool for permissionless tokenized crowdfunding of non-liquid RWAs—no gatekeepers needed.

  • Hunton Raptor's AI Bloomberg Terminal: @huntonraptor unveiled an AI-powered version of a Bloomberg terminal, like a super-smart dashboard for financial data.

  • ClipStake's Native Clip Market: @ClipStake_X launched a market for clips (short videos or highlights) native to Solana.

  • CTAfun's Tweet Battles: @CTAfun introduced interactive tweet battles, gamifying social media engagement.

  • PMX's Prediction Market Infra: @pmx_trade built liquidity infrastructure for prediction markets on @MeteoraAG.

  • Solana Identity's SDN: @solanaidentity launched the Solana Programmatic Display Network for targeted ads on-chain.

  • Top Nod's RWA Wallet: @Top_nod released a wallet dedicated to RWAs.

  • Solflare's Explore Feature: @solflare added a built-in info feed called Explore.

  • Drip Haus' New Store: @drip_haus unveiled a redesigned store for digital goods.

Milestone: 1 Billion Total Accounts

Wrapping up the week, Solana hit a massive milestone with over 1 billion total accounts. That's a testament to its scalability and appeal—more people and apps are joining the party every day.

Shoutout to all the teams pushing Solana forward, as the community post says. If you're into meme tokens or broader crypto, Solana's ecosystem is where a lot of the action is happening. Check out the original thread for more details, and stay tuned for next week's updates. What do you think— is Solana set to dominate even more? Drop your thoughts below!

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