1. Solana (SOL) Reaches Record High as Cboe Files for Solana Spot ETFs
SOL surged past $260, marking a new all-time high with a 12.11% daily gain. Cboe submitted applications for four Solana spot ETFs to the U.S. SEC, sponsored by VanEck, 21Shares, Canary Capital, and Bitwise. If approved, these ETFs could launch by early August 2025.
Key Solana Ecosystem Updates:
- TVL crosses $9B, highest since December 2021.
Top protocols by TVL:
- Jito ($3.71B)
- Kamino ($2.44B)
- Raydium ($2.41B)
- Jupiter ($2.37B)
- Marinade ($2.08B)
👉 Explore Solana DeFi opportunities
2. USDS Stablecoin Launches on Solana with $500K Weekly Rewards
Sky Ecosystem introduces USDS, Solana’s first native DeFi stablecoin, offering:
- $200K/week for USDC/USDS liquidity providers (Kamino Finance).
- $100K/week for USDS suppliers across Kamino, Drift Protocol, and Save Finance.
- $10K/week bonus for bridging USDS to Solana via Wormhole.
3. Magic Eden (ME) Token Generation Event (TGE) Set for December 10
ME token launches with a $500M+ airdrop, claimable via Magic Eden’s wallet app.
Tokenomics:
- Total supply: 1B ME.
- Community allocation: 50%+ (12.5% airdropped at TGE).
- Staking rewards and governance features enabled.
Pre-launch trading available on Coinbase International, OKX, Bybit, and others.
4. Ethena’s USDe Supply Hits $3.75B Amid High BTC Funding Rates
USDe growth: +47.45% in November, with $119M single-day inflows (highest since April).
- sUSDe staking rate: 68.4%, near February 2024 highs.
5. Zircuit (ZRC) to Enable Transfers & Launch Bitget Pool
ZRC transfer functionality goes live November 25, alongside a Bitget Launchpool offering 9.125M ZRC rewards.
6. Aptos’ Emojicoin Sees $22M Volume but Low Graduation Rate
- 1,700 tokens created, only 30 reached 4,500 APT threshold (~1.8% success rate).
7. Sui Partners with Franklin Templeton for Blockchain Innovation
Collaboration focuses on financial product development leveraging Sui’s high-performance network.
8. BONK Announces 1 Trillion Token Burn Before Christmas
"BURNmas" initiative:
- 1T BONK to be burned by December 24.
- Price hits $0.000052 (+33.4% in 24H).
9. SynFutures’ Oyster Odyssey Ends Nov 25, TGE Imminent
- 6.5M+ wallets participated; platform leads in Blast/Base trading volume.
10. ETHGlobal Bangkok Hackathon Winners Announced
Top projects:
- DAOGenie (AI DAO tools)
- Zubernetes (ZK sequencer)
- ETHPark-QR (crypto QR payments)
FAQ
Q: When will Solana ETFs launch?
A: If approved, expected by August 2025.
Q: How to claim ME tokens?
A: Via Magic Eden’s wallet app post-TGE (Dec 10).
Q: What’s BONK’s burn mechanism?
A: Tokens from Solana apps using BONK are burned until Dec 24.
Q: Is USDS pegged to USD?
A: Yes, it’s a fully collateralized stablecoin.
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