September Newsletter

Tether to bring USDT to the Solana Network, Solana Ecosystem Growth,OKEx Lists SOL, and more.

September Newsletter
  • 💲 Tether to bring USDT to the Solana Network
  • 🌲 Solana Ecosystem Growth
  • 🏙 Blockchain Service Network
  • 💸 Wallet Updates — ERC-20 support, web-browser support and more
  • 💻 Network Decentralization
  • 🎧 The Solana Podcast
  • 🛠 181 Validators
  • Engineering Update

USDT Announces Solana Integration

USDt is the largest stablecoin by market capitalization and is one of the most widely used stablecoins across both CeFi and DeFi. After the technical integration is complete, USDt holders will be able to exchange tethers at speeds greater than 50,000 transactions per second — often for less than $0.00001 per transaction — using the Solana network.

Tether to bring USDt to the Solana Network
Today, the Solana Foundation is excited to announce a new technical integration with Tether to bring the USDt…medium.com

Solana Ecosystem Growth

Five new projects announced they were integrating with Solana in September.

- Ramp Defi — Cross-chain DeFi protocol. Unlock liquid capital from your staked digital assets. Earn enhanced yield from multiple revenue streams

- Luna DEX — A Decentralized Exchange built on Serum and Solana

- Predix Network — A prediction-based reward system powered

- Alea — A Solana-based gaming hub dapp.

Blockchain Service Network

China’s Blockchain-based Service Network (BSN), a cross-cloud and cross-framework global public infrastructure network, has integrated with Solana. This integration is another step toward continued adoption and use cases on the Solana network.

https://cointelegraph.com/news/chinas-blockchain-service-network-integrates-three-more-public-chains

Wallet Updates — ERC-20 support, web-browser support and more

- Swipe Wallet — Instant Swap and Buy

- Coin98 — SPL integration

- Math Wallet — SOL Chrome Extension

- Ledger Hardware Wallet Supports SOL on Ledger Nano S and X

- Sollet support for ERC-20 ↔SPL swap

Network Decentralization

The Solana Foundation continues to increase network decentralization. During the month of September, the Solana Foundation introduced two proposals.

Validator Yield Throttling — Yield throttling is the programmatic reduction of staking rewards (validator-level yield) for all stake above a threshold stake amount which is determined by a target amount of censorship resistance on the network.

Stake-o-Matic — Delegation token matching program.

The Solana Podcast

The Solana Podcast released three new episodes in September!

Kain Warwick — Synthetix Founder

Clint Ehrlich — CEO of KRNC / NSF Funded Computer Scientist

Balaji Srinivasan — Angel Investor/Entrepreneur, Formerly the CTO of Coinbase and General Partner at a16z

181 Validators

The Solana Mainnet Beta is now up to 181 validators. Solana Beach now shows stake weighted skip rate and stake weighted node versions.

Solana Beach
Explore the Solana blockchain: statistics, validators, token metrics and news about the overall ecosystemsolanabeach.io

Engineering Update

The engineering team welcomed a few new faces to the team this month, and with the energy from the new hires, facilitated an exceptional amount of progress during the month of September. From a rapid sprint to the 1.3 network upgrade to the continued iteration on RPC functionality, we’ve continued our steadfast pace and look to make significant updates to the network in Q4 of 2020.

✨ The Highlights

  • A March Towards 1.3: Solana Labs, Inc will propose a network upgrade to the 1.3 software line in early October. Major changes include improvements to cross-program invocation (CPI) and program address derivation, various performance optimizations to the BPF Loader, feature activation framework for a smoother online activation of new features and built-in support for Secp256k1 signature verification in transactions. Keep your eyes on the forum for more information regarding this upgrade.
  • RPC Improvements: The RPC simulateTransaction commitment parameter is now consistent with all other RPC methods; the RPC send transaction call now returns transaction logs when simulation fails; and other RPC stability improvements and bug fixes were completed.
  • Ledger History Cataloguing: Capitalization (total-supply) is periodically checked by summing all account balances to ensure ledger integrity.

Take a look at our introductory issues in GitHub, peruse our current pull requests, and get in touch with the engineering team on Discord.

Closing notes

September was an exciting month for the Solana Community. Several new projects started integrating with Solana, wallet options continue to increase, and the decentralization of the network has never been stronger.

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