State of @solana Q3
Key Update: They had many big weeks
Read below for the report and an updated ecosystem map 👇
The big week continues! @solana had a killer Q3:
- DeFi TVL grew 33% QoQ to $11.5B. @kamino grew 33% QOQ to $2.8B. @jup_lend ended Q3 with $720.7M
- Application Rev Capture Ratio (Chain GDP/REV) grew to 263%. Signaling ecosystem is increasingly monetizing activity on the network.
- Stables grew 37% QoQ to $14.1B.@global_dollar
grows to third, new entrants from @solsticefi
and @useCASH.
- @FWDind raised $1.65B. SOL DATs held 18.9M SOL ($3.9B at the end of Q3).
- RWAs grew 42% QoQ to $682M, led by @BlackRock's BUIDL growing 768% QoQ to $175.
- The @solanamobile Seeker started shipping.
- The PSG1 from @playsolana started shipping.
- @helium_mobile had 1.3 million daily users.
- ICO wars heat up as @JupiterExchange enters with @metaplex, @MetaDAOProject, @devfunpump, and @believeapp
- @Titan_Exchange raised an $7M seed round and @bulktrade raised an $8M seed round.
- @anza_xyz submitted SIMD proposal for Alpenglow.
- MC grew 37% QoQ to $113.5B, while price grew 35% QoQ to $208.70
- First Solana ETF launched with Rex Osprey, with @BitwiseInvest launching their product this week.
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