The market has been trying to recover. 

Bitcoin being down 30% from its all-time high and sitting at ~$84k doesn’t help matters, and yet the Solana ecosystem refuses to roll over and die. 

If anything, the dip is acting like rocket fuel for the degens, builders, and believers who never left. As always. 

Here are some of the most exciting stories from the last 24 hours on the home of internet capital markets: 

1.Sunrise DeFi Just Printed $131M Volume in 48 Hours

While most chains are licking their wounds, Sunrise DeFi’s MON perpetuals market launched and immediately did numbers that would make 2021 Bybit blush: $131 million in volume, 360k trades, 21k unique traders. 

The official @solana account couldn’t resist making a tweet saying: “Solana’s onchain markets are thriving 🦾”. 

As usual, capital will always flow where the money goes. 

2.Hardware Season Arrives

Unruggable Wallet dropped pre-orders today and the @solana account called it “the sexiest Solana-native hardware wallet” on the timeline. 

Open-source, self-custodial, and built from the ground up for Solana speed, the hardwallet is sporting a very sexy look. 

In a week where trust-minimisation is the only narrative that still matters, shipping actual metal you can hold feels like the ultimate flex.

3.ICM Season Never Left

@7VoMercy, the walking ICM meme, has been getting in his groove. Hints and other tweets have been flying with the latest being: 

“gICM – Dividends”, 

“The things @icmdotrun and its mentors are going to ship over the next 90 days will revolutionize raising capital onchain”. 

If you’re not paying attention to ICM right now, you’re ngmi. Because we’re believers. 

Mercy also reminded everyone why Solana still eats: “.@Solana is the only chain you can build a product on and go from nobody to somebody without having to go through 30 layers of cabals.” 

True. 

4.Cypher Friday Incoming

Our official account finally broke radio silence today with a single tweet: “Be ready this Friday we ship … ⌛️” 

Guess what? The sentence was followed by the new $CYPHER contract and a 1 million token giveaway announcement. 

That’s $250 in $Cypher. 

Whatever drops on Friday, the Solcypher army is already locked and loaded.

5.Breakpoint Countdown: 14 Days

The mothership reminded us we’re two weeks from Breakpoint Abu Dhabi. Flights are booked, visas are stamped, and every Solana maxi is refreshing their wardrobe for desert season. 

We’ll be expecting announcements, side events, and at least three new meta shifts before the closing keynote. 

What do you think?

Final Sentiment Check

If you zoom out, you see that: Bitcoin is down bad, Ethereum is still trying to figure out L2 issues, and Solana? Solana is posting Claynosaurz emojis, hyping hardware wallets, and watching perps platforms print nine-figure volume like it’s 2022 again. And of course there’s that new student hackathon. 

Volatility is back, and the Solana ecosystem is greeting it with a grin and a loaded launchpad.

When the rest of crypto is panic-selling, Solana is shipping.

Stay sharp. SolCypher.