Solana took over XRP's position in HKVAC's top 5 cryptocurrency global index, and AVAX replaced Tron, amid market fluctuations in the past 30 days.

A Solana digital asset protocol, announced that its released Solana Inscriptions will be fully deployed on the chain at 3 pm (US Eastern Time) on January 16th. Earlier news stated that on December 19, 2023, Metaplex launched a new standard for fully on-chain and immutable digital assets on Solana, called Inscriptions and Engravings. Inscriptions allow for the complete storage of asset metadata and media content on Solana, eliminating the need for any external trust assumptions.

CoinGecko data shows that SOL is currently trading at $94.33, with a 24-hour decrease of 6.5%.

According to official sources, Solana-based DeFi platform Saros completed a $375 million private funding round, with participation from Solana Ventures, Hashed, Spartan, Arche Fund, as well as industry leaders GBV, Assym, IF, Genblock, K300, Cryptomind, Kyros, and Evernew. The funds will be used for the project's expansion plan and the development of Saros' super applications.

Liquid staking showed itself to be the most robust DeFi sector through the market downturn, thanks to its TVL dominance and continued growth. Now at the beginning of 2024, as the crypto markets have had a mix of uptrends and volatility, DefiLlama shows liquid staking at over $31.25B TVL and 3.9x growth YoY. Behind the growth, users responding to the value premise of accruing staking rewards while still accessing earning opportunities across a vibrant ecosystem of projects.

Solmash, a LaunchPad project on Solana, is about to launch its Fair Launch, which is divided into three rounds: whitelist round, staking round, and fair pool round. The staking round allows users to stake SOBB tokens to obtain mosh token quotas (allocated according to the user's staking weight). Solmash will open for staking for 15 hours, and the amount of SOBB tokens staked has exceeded 220 million.<br>It is reported that Solmash has built a community-driven LaunchPad open platform for the Inscription track, providing fundraising opportunities for Solana native projects and Bitcoin ecological projects bridged to Solana through cross-chain bridges, and allowing more players in the Bitcoin ecosystem to participate in the construction of the Solana ecosystem and benefit from it.

&nbsp;According to official sources, the Meme community project SOGA based on Solana will officially launch NFT Mint at 8:00 pm Beijing time on January 8. The NFT is minted based on Solana, and users can hold NFT to enjoy the subsequent SOGA token airdrop benefits. The total issuance of NFT is 2,000. The SOGA project is a community project initiated by the Solana SAGA mobile phone holder community, aiming to spread Meme culture through SOGA NFT and SOGA tokens.

According to SolanaFloor on X platform, the Solana ecosystem NFT lending protocol Sharky X account has been hacked and malicious links have been posted. Please do not click on any links from its X account.

The X account (formerly Twitter) of the Solana ecosystem NFT lending protocol SharkyFi was suspected to have been stolen, and hackers released false news with phishing links. Golden Finance reminds users to interact with caution to avoid financial losses.

The official Solana new Meme coin LFG announced on social media that the first round of airdrop collection has ended. In the first round, a total of 62,950 addresses participated and received a total of approximately 107.9 billion LFG coins. The total supply of LFG decreased by 292 billion coins, and the team allocation will be adjusted accordingly. In the future, the project party has planned some interesting tasks for holders, LP, ETH users, and users in the Solana ecosystem.

News and Bitcoin News, the Solana Foundation announced that it is expanding its operations to Brazil and plans to establish a "super team" to promote local developers to use Solana blockchain's low cost and scalability advantages to develop applications.At the same time, the Solana Foundation will invest more than $10 million in various fields of the Brazilian Web3 ecosystem, including digital art, asset tokenization, and artificial intelligence.

Solana is spiking in interest, with SOL value increasing by +900% over the past year and 1.1M daily active wallets (vs. 300k on Ethereum), according to Messari Crypto. Kicking off our first deep dive of the year, we’ll go deep into the Solana ecosystem, focusing on the crypto art scene.

According to OKX market data, SOL fell below $90 and is currently priced at $86.7, with a 24-hour decline of 24.9%.

According to Coingecko data, SOL's market value has returned to 50 billion US dollars, surpassing BNB again to rank fourth.SOL is currently priced at 116.70 USDT, up 12% in the past 24 hours.BNB is currently priced at 319.75 USDT, up 2.7% in the past 24 hours.

The BRC20 and Solana cross-chain bridge protocol SoBit stated in a post that in the past 36 hours, we have noticed an increase in cross-chain requests below 1,000 SOBB. Currently, cross-chain processing time is within 12 hours, and we have also upgraded our system to speed up future transactions.

Solana Mobile has disclosed the latest data, stating that the past few weeks have been very special for Solana Mobile. As of now, more than 95% of Saga phones have been delivered, and the remaining phones to be delivered will be sent out this week. Solana previously announced that the limited inventory of 20,000 devices produced globally has been sold out in the United States and the European Union, and excess orders have been canceled, with refunds provided for customers who have canceled orders.

SolanaFloor on X platform, in December 2023, Solana DEX trading volume exceeded $28 billion, which is its highest monthly trading volume in history.

The Solana ecological project Gather announced that it plans to officially launch at 22:00 on December 30th. Gather will initiate the first round of NFT airdrop activities, bringing rich rewards and unique digital asset experiences to participants.

Ethereum is one of the most important innovations in recent times. For the first time in history, we have a decentralized, global platform built for social coordination with the potential to revolutionize many industries. Despite its importance, Ethereum’s runtime environment, the Ethereum Virtual Machine (EVM), is not built for consumer-grade applications in its current state. It is a single-threaded, gas-based network with volatile fees. In contrast, Solana emerges as a high-throughput, low-latency network. It offers a parallelized infrastructure with low and predictable fees. It addresses the EVM’s limitations directly and improves upon its original design, making it a compelling choice for developers looking to build scalable and efficient applications.

Huobi HTX, Huobi HTX has set up a Solana zone, which includes newly listed Solana ecological currencies and the latest news, including SOL, JTO, BONK, SILLY, MYRO, ZERO.It is reported that Solana belongs to the public chain Layer1 category. Solana uses its unique SPL token format, which is incompatible with Ethereum, but can be bridged to Ethereum through the Neon EVM. Solana's ecosystem is powerful, with business areas including DeFi, NFT, stablecoins, GameFi, RWA, and DePIN. It has also launched the Solana smartphone.