- The Sleuth
- Posts
- Solana Starter Pack, Circle & USDC Boost Solana Liquidity & More
Solana Starter Pack, Circle & USDC Boost Solana Liquidity & More
Also: Solana fuzzing research funded by the EU & German Research Foundation.
Welcome back!
This is J264G and this week I’ve got these titbits for you:
Solana Starter Pack: The essential guide for EVM+ connoisseurs.
Liquidity Boost: Circle’s CCTP is now available on Solana's devnet.
Volatility Trading: Jupiter offers better prices than EVM competitors.
The Sleuth meme has been making the rounds.
Chain fast. Chain cheap. Number go up.
Solana.
— Titan (@TitanXBT)
3:12 PM • Oct 20, 2023
There’s a reason for that — Solana’s increasingly capturing mindshare at lightning speeds.
Feels like SOL is eating ETH's narrative lunch lately. Getting a lot of attention for being fast/cheap/max-composability.
Remember in 2017/18 how aggressively eth people bashed bitcoin for being "expensive" & "slow"?
Guess those particular chickens are coming home to roost now
— Dan McArdle (@robustus)
12:34 PM • Oct 20, 2023
Consequently, many from the EVM and other ecosystems have been reaching out to learn more about Solana.
That’s why this week, I’ll present the Solana Starter Pack (SSP) so that you too can kickstart your Solana journey today!
Let’s dive in!
Click on any underlined heading / hyperlink to learn more.
Spotlight
Vibesurrection
Don't call it a resurrection; call it a vibesurrection.
Her: “he’s probably thinking about solana”
Him: “I’m thinking about solana”
— CHASE BARKER (@therealchaseeb)
8:45 PM • Oct 21, 2023
If you’re new to Solana, it might be a bit challenging to get going, though.
Here’s your Solana Starter Pack (SSP):
Wallets
Phantom: The most used desktop and mobile wallet — think of it as the MetaMask of Solana, just faster and more delightful to use. Learn more.
Introducing Shortcuts ↗️
Shortcuts helps you discover all that you can do with your NFTs. In one click.
▪️ See links curated by vetted NFT collections
▪️ Perform top actions (stake, mint, vote, tip, etc.)
▪️ Stay up-to-date with the latest information— Phantom (@phantom)
4:30 PM • Sep 20, 2023
Backpack: The go-to wallet for all Mad Lads holders. Backpack also allows for in wallet apps — called xNFTs — and comes with a myriad of security features such as NFT collection locking. Learn more.
Salmon: Open-source wallet for the Bitcoin, Ethereum, Solana, and NEAR blockchains. However, the team has stepped back from the project, giving anyone in the community the chance to take over or fork the code. Learn more.
Bridges
Mayan: The bridge uses Solana as its backbone and thus offers the best swap rates. Learn more.
Someone just bridged 130,796 USDC from Ethereum to Solana using Mayan and ended up with 130,798 USDC (~$2 profit)
ETH transaction fee: $1.85
Relayer earned: $0.44Total cost of transfer for user = $0.09
Welcome to Solana!
— Mayan 🗿 Gates of Solana (@MayanFinance)
1:17 PM • Oct 7, 2023
Allbridge: The service empowers users to freely move assets between EVM and non-EVM blockchains. Allbridge also boasts a CCTP integration, which we’ll further discuss in the "News Bites" section. Learn more.
deBridge: The team aims to unite all blockchains securely and bring seamless composability to the blockchain ecosystem. Lighthouse feature: Interoperability and bridging of NFTs. Learn more.
Payments
TipLink: The service allows users to send crypto to anyone, even if they don't have a wallet. The real flex? TipLink users can buy gift cards with their crypto from 2,500+ retailers in 50+ countries — making all things off-ramping buttery smooth. Learn more.
Decaf: Among many things, users can leverage Decaf to convert crypto into local currencies — and vice versa — at MoneyGram locations in more than 175 countries. Learn more.
Sling: The service allows users to instantly send money to people in 29 counties and 87 currencies directly via messaging apps. Learn more.
DeFi
Jupiter: The key liquidity aggregator for Solana, offering the widest range of tokens and best route discovery between any token pair. Learn more.
Marinade: The Lido of Solana. At its core, Marinade is a stake automation platform that monitors all Solana validators and delegates to the 100+ best-performing ones. Learn more.
Fluxbot: A bot that allows users to trade crypto without having to leave the Telegram app — the Unibot of Solana if you will. Exciter feature: Token22 coin trading. Learn more.
Miscellaneous
Reliability: Firedancer is a new validator client for the Solana network developed by Jump Crypto to provide an alternative to the Solana Labs validator client. Put simply, Firedancer aims to significantly improve the security, decentralisation, and performance of the overall Solana network.
NFTs: I’ll be honest — this section can't be objective. But if you'd like to learn more about NFTs on Solana, you can't go wrong with Mad Lads (the best community), Claynosaurz (the next Pixar in the making), and BOOGLE (whales & alpha). If you want to take your NFT trading strategy to the next level, make sure to check out Sharky, Citrus, Texture,and Sujiko as well.
Airdrops: DRiP airdrops art, music, videos, comics, and more to subscribers — for free. Millions of collectibles have already been distributed, all powered by a method unique to Solana: state compression.
Security: Squads is a Solana-centric multisig protocol that helps crypto firms secure and manage their digital assets fully on-chain and transparently.
Lastly, welcome to Solana — we’re stoked to have you!
Numbers Of The Week
Even during this volatility, you can buy ETH up to $30k more cheaply on Solana than on Ethereum (even before considering fees!)
@JupiterExchange vs @DefiLlama (both aggregators)
— Durden ∞ (@durdenwannabe)
3:12 AM • Oct 24, 2023
News Bites
Growing Mindshare: Messari has released its newest report: State Of Solana. As discussed above, the report highlights Solana's growing mindshare, mentioning Rune's post to explore a Solana fork for MakerDAO, SVM-powered L2 Eclipse, and Visa's payments integration on Solana.
State of Solana Q3 2023
— Peter Horton (@ph0rt0n)
2:24 PM • Oct 18, 2023
Liquidity Boost: The Cross-Chain Transfer Protocol (CCTP) from Circle is now available on Solana's devnet. CCTP enables USDC to flow natively across blockchains — unifying liquidity while simplifying the user experience.
1/ This year's #Breakpoint2023 will be one to remember because Cross-Chain Transfer Protocol (#CCTP) is now available on devnet for @solana!
Save the date as we'll be showcasing devnet demos from several special guests live at the Circle Lounge.
Learn more about CCTP 👇
— Circle (@circle)
12:58 PM • Oct 18, 2023
Staking SOL: OKX has now rolled out staking for Solana as well. KPIs: 7.49% APR and $6.70M TVL. As a comparison, Marinade: 8.23% APY and $263.25M TVL.
Fuzzing Solana: Students at the University of Duisburg-Essen have published a paper on fuzzing Solana smart contracts — partially funded by the European Union and German Research Foundation.
Side Events: Breakpoint is just around the corner! During the conference, multiple independent side events are taking place — check them out here or on this map.
Caught In 4K
solana-labs / solana-program-library: A collection of Solana programs maintained by Solana Labs ★2391
— Rust Trending (@RustTrending)
5:44 PM • Oct 17, 2023
Weekly Take
As much as I love the EVM ecosystem, there is a lot happening in the non-EVM space as well that is worth following
— Stani.lens 🇬🇧 (@StaniKulechov)
9:47 AM • Oct 18, 2023
Keks & Giggles
JUST IN: 🇺🇸 SEC Commissioner says the "logic for why we haven't approved a Spot #Bitcoin ETF has always mystified me."
— Watcher.Guru (@WatcherGuru)
3:17 PM • Oct 23, 2023
And that's a wrap!
If you'd like to reach me, respond to this newsletter or reach out to me on X.
Talk soon!
DISCLAIMER
None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research. Lastly, please be advised that we discuss products and services from our partners from which our team members may hold tokens / equity.