🚀Solana Posts Record Monthly Performance

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Solana continues to outperform the broader crypto markets, with its network token, SOL, gaining 147%% since the start of October. The network also hosted record monthly volume of $5.1B on decentralized exchanges.

In stablecoin news, the Curve community is voting on a proposal to hike interest rates in a bid to restore the token's peg. Circle also launched a bridging standard for its USDC and EURC stablecoins, allowing the tokens to migrate to any EVM-compatible chain.

Polygon announced it is providing the tech underpinning the crypto embrace Lugano, a Swiss city. The Lugano municipality plans to allow citizens to pay taxes and social services using crypto in the future.

Plus, KyberSwap suffered a near-$50M loss after getting exploited

✍️ In today’s newsletter:

Solana surge continues
Curve floats crvUSD interest hike
Circle deploys bridged USDC standard
Swiss city taps Polygon for web3 embrace
KyberSwap loses $48M to exploit

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🎬 WATCH

Check out our interview with Star Atlas CEO, Michael Wagner to learn more about the web3 gaming and Solana ecosystems. And watch our podcast with David Gogel of the dYdX Foundation to find out why his team migrated from an Ethereum Layer 2 to a Cosmos appchain.

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