What's up everyone, it's Thomas Bahamas and you are here for another episode of Solana Weekly! We got ourselves another airdrop with Tensor, we got liquidity flowing and we are starting to see the congestion ease up on the network. Been a rough week for transactions and price action hasn't been amazing. Let's get this network flying again and we see this price go insane for the halvening.
Sol Price - 167.88 with a weekly range from 184 down to 161. So we are sitting on the lower side of that range after a dip this morning
SolEth - .04850 - dipped today, we saw Eth catch a bid which nuked the market.
SolBTC - .002412 - dipping here, BTC dominance growing.
tensor drop - Let's go, tons of liquidity released on the jmarket. Trading at 1.30, was as high as 1.80.
Airdrops soon:
Kamino
Parcl
Sharky just released their token to Madlads and even included gen 2 Monkes! Let's go, token trading at $2 and we got 370 worth. I'll take it.
Marginfi dropping the ball with letting their egos get in the way and taunting users and not releasing the token. Very weird turn of events though, BlazeSol called them out for not distributing blze to customers, then all hell broker loose and Edgar lost his mind. Started tweeting weird things and ultimately ended up resigning. Then Solend Vampire attacked them offering an airdrop to anyone that drops marginfi and moves to Solend. Insanity. 250 Million dollars worth of liquidity left Marginfi. I have a lot of respect for them, they basically brought back defi on Sol and started the points meta. But haven't gone anywhere with the token and this seems very weird.
Mixed feelings.
SMB’s getting life, 0% royalties look good on them I guess.
Sanctum continued, they tease wonderland and LST’s in general are blowing up.
Jup is releasing their own and is distributing all rewards with 0 take, so I’m looking into this more. Also helius is doing the same thing but native stake.
Uniswap lawsuit - crazy. Wells notice
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