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SOL perps are not dead. Phantom launching perps with HL yesterday is a big reckoning moment for Solana DeFi. More competition forces more innovation, and we will rise up to the challenge. Drift and Solana DeFi are here to stay: 1. Drift is built directly on Solana’s L1:

Five months ago, $USDG didn’t exist on Solana Today, it ranks as the 6th largest stablecoin, with $120M in circulation, $75M deployed into Kamino Lend, and over $280K in monthly incentives on Kamino $USDG is becoming core to Kamino’s credit layer 🧵

This is what Solana-aligned looks like: zero fees and aligned incentives. Drift sets the bar for building on Solana

<encrypted> internet capital markets are coming. They’re being powered by Arcium ☂️ and Solana. The Confidential SPL Token standard is connecting everything☂️

Higher

Drift hit $500m volume today, with open interest nearly at $400m We've been laser-focused on UX and liquidity Still a long way to go The comeback story is unfolding as we speak

There was a time when the hottest thing you could do in Solana was to borrow against illiquid jpegs. Now you can do tokenized stocks, borrow under and overcollateralized, run leveraged carry trades, earn treasury rate yield, access private credit, disrupt billion dollar payment

soon — you'll able to search solana history in reverse order no more traversing back 5k times from the most recent signature you'll also be able to search by slot ranges finally, you will NOT need to call both getSigsForAddress + getTxn — they will now be combined soon

I'll say this. cindy | drift brother bing / 饼兄 Σ: are two of the most badass people in crypto I know. I don't say this lightly. As an example, Cindy was the only one to take notes when I mentioned problems with Drift's mobile UX. No complaints, no defense. It was fixed in a week.

🥱🥱 pump token launch goes off w/o a hitch. chain handling 2-3x ingress & packing full blocks. median fees "spiked" to 2 cents. haters in shambles

🚨 JUST IN: 90% OF $PUMP PRE-SALE $450M) WAS BOUGHT ON @SOLANA IN MINUTES, MORE THAN 10X ANY T1 CEX. SOLANA IS THE NEW SILICON VALLEY. #SOLANA ⚡️

10% on USDC nothing fancy just lending yield guh Drift

First time ever.

As requested - Kamino continues to deliver for the eco 🤝

You will never go wrong using TITAN

Damn

1/ Kamino Lend has been integrated into SwissBorg Earn! Via Swissborg, 880,000+ users now have access to Kamino’s onchain yields—starting with Global Dollar Network 🌎's USDG and Circle's EURC

🔥 BULLISH: Total crypto market cap hits $4 trillion for the first time ever today.

For those who doubt Solana DeFi - I give you exhibit A

🚨BREAKING: NUMBER OF BITCOIN ON SOLANA HIT ATH $839,000,000 (839M) — SOLANA IS THE ULTIMATE BITCOIN SCALING SOLUTION!!!🚨