🚀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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