Mar. 6 at 3:48 PM
💠Weekly Solana Update💠
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$OSOL. ⭐️
⬆️Solana Upgrades To Ease Selling Pressure
VanEck’s Matthew Sigel estimates that
$SOLS SIMD 096 & SIMD 0228 could reduce selling pressure by
$677M to
$1.1B annually. SIMD 096, already implemented, removes the 50% priority fee burn, increasing tax-related selling, while SIMD 0228, still up for vote, is expected to offset this impact.
⚠️Solana Co-Founder Opposes U.S. Crypto Reserve
Co-founder Anatoly Yakovenko criticized Trump’s proposed U.S. crypto reserve, warning that government control could threaten decentralization. While
$SOL was included in the reserve Yakovenko denied any involvement in pitching it.
👻Phantom Acquires Simplehash
Crypto wallet Phantom has acquired SimpleHash to enhance token data indexing. The deal will improve real-time market data, automatic metadata updates, and spam protection for users. Phantom is projected to hit
$600M in annualized revenue.