This Week in Solana - March 17-23rd 2025
This week was full of announcements from big teams about their new projects. Let's dig into what happened this week in Solana from March 17-23rd, 2025.
Titan (@Titan_Exchange) is Solana's first Meta DEX Aggregator — an aggregator of... aggregators? Users have been posting some quotes between Titan, Jupiter and others, with Titan showing the best rates. It looks like competition is coming for Jupiter.
Pump.Fun (@pumpdotfun) has introduced PumpSwap, Pump’s new native DEX for all coins that complete their bonding curve will migrate directly to PumpSwap. It enables instant migrations, 0 migration fees and creator revenue sharing. It’s currently in beta.
@0xINFRA talked about Raydium’s new LaunchLab project that will be a token launchpad that will advance control and integrate seamlessly with Raydium pools. Can Raydium take the spotlight from Pump.fun for new meme launches? Check out his thread to learn more. https://x.com/0xINFRA/status/1902174023787880833
Pudgy Penguins (@pudgypenguins) file for a first ever NFT/Token ETF for Pengu and Pudgey Penguins that will hold 85% $PENGU on Solana and 15% Pudgy Penguin NFTs on Ethereum
Volatility Shares @solana futures etf is live under the ticker $SOLZ and 2x etf $SOLT are available on the market and @RobinhoodApp - Only 178,200 combined futures shares were traded on the first day
Solflare (@solflare_wallet) started the week by giving away free nft’s for a contest and then dropped a full rebrand and enhanced wallet ui/ux that is a major overhaul.
Reward points are back showing on Lulo (@uselulo), tracking Kamino (@KaminoFinance), Drift (@DriftProtocol) and Marginfi (@marginfi) (points tbd…it’s been over a year with Marginfi).
@buffalu__ announced that Jito Labs (@jito_labs) filed a Securities Classification Report with the SEC, laying out why they think jitoSOL wouldn’t be classified as a security. This could be a first step in getting clarity on LST’s and possibly lay the groundwork for ETFs with staking
Solana Mobile (@solanamobile) teased a video of the Seeker phone in testing phases, with a possible release this summer. https://x.com/DefiTheSystemX/status/1902036442433659371
Solana released a stinker of a video promo for Accelerate that got a huge backlash from the community. Altogether, they missed the mark and let someone that never needed to exist get shared around for 9 hrs before they took it down.
Standard Chartered released a report downgrading their price target on ETH from $10k to $4k by the end of 2025 (Eth is currently fighting to reclaim $2k), which made everyone wonder how the hell they projected $10k in the first place. They also said Base has removed over $50 billion in market cap from ETH.
Sanctions were lifted in the USA on Tornado Cash officially. In theory, you should be ok to use it..
Jupiter DAOs (@jup_dao) Catdets Working Group Budget vote passed, with 55% of votes in favor of funding the group. It begs the question, if 45% of people vote against a proposal involving funds, is 55% enough of a threshold to pass a budgetary measure?
Fuse (@fusewallet ) wallet has added an integration for Lulo to sit alongside Drift for simple stable yields and savings with one click in the wallet app. Simplifying the ability to earn on your liquid cash is something we need integrated into all wallets and can be a bridge for newer users to see the benefits of being onchain.
CSC, a Delaware Trust Company registered a new entity named "Fidelity Solana Fund” on Thursday, hinting at a possible incoming Solana ETF filing from Fidelity. VanEck, 21Shares, Bitwise and Canary Capital have all already filed with the SEC, but none have been approved yet.
Meteora (@MeteoraAG) is addressing concerns from the community about bad actors like wash traders or wallets associated with entities like Kelsier Ventures. They’ve launched a community-driven verifiable blacklist of addresses to exclude from the upcoming $MET drop.
Market Movements this week
Sol - Up 3.34%
Eth - Up 1.33%
BTC - Up 1.35%
Total Crypto Market Cap - Up 2.61% to 2.68T
Stablecoin + SOL Yields
