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The Solana Renaissance hackathon started on the Colosseum platform
The Solana Renaissance hackathon started on the Colosseum platform

The Solana Renaissance hackathon started on the Colosseum platform



2024



SOL



2024



DEFI



Author of Encrypted UA

5 hours ago

•

2 mins read



From March 4 to April 8, the Solana Renaissance hackathon will be held with a total funding of more than $4 million.

Participation is free.

Winners will be able to join the Colosseum incubator program.

Solana Renaissance online hackathon launched on the Colosseum platform with a total funding of more than $4 million.

The event will take place from March 4 to April 8, 2024. Solana Renaissance will be Colosseum's first competitive selection as an independent organization and will be the first hackathon in which the company directly invests in selected winners as part of the acceleration program.

Colosseum hackathons are different from traditional ones, noted Kumeka Team, the official Solana community in Ukraine. These are intense engineering and business sprints where developers compete for pre-seed investments.

#SolanaMobile #SOL #DeFiRevolution #2024

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#SOL #solomining
Solana’s Weekly DEX Volume Surpasses $11B, Hitting Record High

Solana-based decentralized exchanges (DEXs) witnessed a record-breaking week. According to DeFiLlama, over $11.25 billion worth of digital assets were traded on Solana DEXs last week, a staggering 156% increase compared to the previous week. This surpasses the previous record of $9.88 billion, set in mid-December 2023.
Orca and Raydium emerged as the top contributors to this surge, boasting trading volumes of $4.5 billion and $3.52 billion, respectively, in the past seven days. Both platforms have experienced a more than 100% increase in activity compared to two weeks ago.

This surge coincides with a broader market rally, with various cryptocurrencies reaching multi-month highs. SOL gained 30% in a week, reaching a 22-month peak by the end of last week. Additionally, popular Solana-based meme coins like Bonk (BONK) and Dogwifhat (WIF) have also seen significant gains.
While the trading volume on Solana DEXs is impressive, it's important to note that the total value locked (TVL) within the Solana ecosystem remains considerably lower than its all-time high. Currently, the TVL sits at around $2.6 billion, according to DeFi Llama, significantly less than the $9.9 billion peak reached in November 2021

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