The Breakpoint Breakdown by Solfate

Wow, our team is exhausted after an insane week in Singapore for Solana Breakpoint, where we have an extra special edition of the Solfate Snapshot for you guys showcasing some of the top highlights from the conference and overall ecosystem. This marks Solana’s 4th Breakpoint event, breaking records with 5000+ community members attending an amazing set of discussions, debates, and panels. Many people were also very excited about their special merch packs, courtesy of the Solana Foundation from the Blinks launch easter egg (keep an eye out for more).

If you weren’t able to make it to Breakpoint, the majority of the talks can be viewed on the Solana YouTube Playlist.

Here’s the latest from the Solana ecosystem & Breakpoint 2024:

New Funding Rounds

Helius: $21.75m Strategic - Led by Founders Fund & Haun Ventures

Drift: $25m Series B - Led by Multicoin Capital

Drip Labs: $8m Seed - Led by NFX with participation from Coinbase Ventures, Progression Fund

Regolith Labs (ORE): $3m Seed

Magic Block: $3m Pre-Seed

Carrot: $600k Pre-Seed

Jump Firedancer Validator Updates

• Firedancer is live on mainnet (non-voting mode)

• Announcement + info | Kevin Bowers talk (partial)

Jupiter Ecosystem Updates

• Introduced 5 key updates, 3 experiments, & team expansions

• Metropolis APIs

• Jupiter RFQ

• Perps v2

• Jupiter Mobile

• ape.pro Product

• JUP DAO Grants Live

• Acquired SolanaFM & Coinhall

Solana In Your Hands - New Hardware Devices

Solana Seeker:

• New phone by Solana Mobile/Labs announced at Breakpoint

• Launched in stealth as "Chapter Two" earlier this year

• Dapp Store 2.0 with new airdrop tech

• Seeker Genesis token

Jambo Phone:

• Jambo Phone 2 announced live at Breakpoint

• Boasts cheaper price tag of $99 vs. Seeker

Play Solana Gen1 - PSG1:

• First handheld gaming device built on Solana

• Built-in hardware wallet with games & rewards from ecosystem partners

Tensor Open-Sources Protocol & Teases New Product

• Code is now fully open-sourced

  • 2% Protocol Fee Split:

  • 50% to Tensor Foundation / 50% to apps on Tensor

• Grants Program is open for builders

• Teased sign-up for new product waitlist: vector.fun

Bullet: Real-Time L2 on Solana

• Launching with Zeta X as the DeFi super-app

• Full announcement + details

Squads & Fuse New Updates

• Squads Protocol v5 introduces:

  • Hooks

  • Synchronous Transaction Execution

  • New Permissions and Key-Tier Adaptive Timelocks

  • Performance and Memory Improvements

• Fuse Wallet announces Fuse Pay

  • Virtual Visa card that enables stablecoin purchases through Fuse wallet

Sky (MakerDAO) Ecosystem On Solana

• Runekek introduces a proposal to bring the Sky ecosystem over to Solana

  • Utilize Wormhole to bridge SKY, USDS & sUSDS

  • Allocate 2 million SKY per week to Solana DeFi protocols that integrate USDS and SKY

CUBE Exchange Reveals Isometric: $ISO

• CUBE introduces Isometric: The Guardian Network

• $ISO token launch in 2025

Bonk to launch ETP

• BONK is set to launch its ETP in partnership with Osprey Funds

• Will be traded on OTC Markets under ticker $BONK

Ranger Finance Launch Updates

• Ranger set to launch perp DEX aggregator on Solana

• Partnered with Asgard for spot margin

• Beta starts next week

Other updates:

• New framework for efficient Solana programs: Peregrine

• Franklin Templeton announces plans to launch money market fund on Solana

• Range Security joins Solana in partnership with the Foundation

• Phantom introduces embedded wallets

• Pyth introduces Oracle Integrity Staking for on-chain staking rewards

• Securitize selects Wormhole as its official interoperability provider for tokenized assets

• Societe Generale’s digital assets subsidiary, SG FORGE adds support for Solana with the launch of its EUR CoinVertible (EURCV) stablecoin.

• Streamflow announces Permissionless staking pools, Aligned Token Unlocks, & Token Launch

• Light Protocol x Helius launch ZK Compression on mainnet

• Breakpoint 2025 in Abu Dhabi

These are only some of the amazing announcements and products introduced at Breakpoint this year. Be sure to check out all the Breakpoint talks on Solana’s YouTube for more alpha, and we hope to see more of the Solfate community at Breakpoint 2025!