Mad News: Solana Supports Solidity
Solana welcomes Ethereum developers, Mad Merch ships, Raydium adopts Token-2022 support, Armani goes on massive interview circuit and Solana report shows improvements on the network.
In this week’s Mad News
Solana welcomes Ethereum developers
New xNFTs added to Library
Raydium’s Token-2022 support
Podcasts, interviews and panels
Solana Network Performance report
Table Of Contents
Mad Lads & Backpack
Solana Labs releases Solidity compiler
You can now build on Solana using Solidity, the primary programming language designed for developing Ethereum smart contracts.
Solang is a Solidity compiler that allows EVM (Ethereum Virtual Machine) developers to take advantage of the Solana’s high speed and low fees.
Solana welcoming the Ethereum dev community like:
Mad Merch Has Shipped
Mad Merch began arriving on doorsteps this week.
Each delivery comes with a challenge: post a selfie with your merch for a chance to win a Mad Lad NFT!
Raydium implements Token-2022
Raydium, a prominent token trading and AMM platform, launched support of Solana’s Token-2022 extension.
Raydium now supports the permissionless creation of concentrated liquidity pools (CLMM) and farms for Token-2022 assets. CLMM pools offer unique advantages, such as increased liquidity depth around the current price, leading to better prices for traders.
The Token-2022 Program, launched in August 2022, adds more functionality to the native SPL (Solana Public Library) token program. Some of the most important additions include:
NonTransferable, enables soul-bound tokens that are tied to wallet addresses
InterestBearingMint, allows tokens gain value the longer you hold them
Transfer fees optionality
Transfer Hook extensions adds custom programs to NFT transfers
MintCloseAuthority, that enables closure of token mint accounts
Solana network performance improves
Average monthly uptime
Ratio of voting to non-voting transactions
Block time (the time it takes to produce a block)
Average and maximum transactions per second
In order for a billion people to use and take advantage of the benefits of the Solana network, users need to feel confident in the network’s overall reliability.
Armani runs the interview circuit
Validated Podcast w/ Austin Federa
Armani joined Austin Federa, Head of Strategy at the Solana Foundation, for an episode of the Validated podcast.
In this episode, Armani reflects on the values and design philosophies that first attracted him to the Solana ecosystem and where he thinks the ecosystem is headed. He also discusses some of the tech behind xNFTS and Backpack, their use cases, and the importance of building applications users actually want.
Austin has been hosting the Validated podcast since July 2019! It hasn’t always been called Validated and originally launched under the name “Sharding, The Solana Podcast”.
Lightspeed Podcast w/ Blockworks and Helius
A podcast for crypto projects that enable new uses-cases and solve real problems.
Armani joined as the very first guest and the trio dived into numerous topics.
Backpack, Mad Lads and xNFTs
Why Armani loves Cosmos' vision
CoinGecko Virtual Meetup
The CoinGecko virtual meetup was another chance to talk about the future of Backpack and Solana.
The virtual meetup was broadcast live, you can watch the recording here.
Sunday Stream #14 w/ Armani
Armani streamed from Dubai this week as the team finalizes it’s move to Asia.
The Sunday Streams remain the number one way to drink alpha right from the hose.
Building Backpack as a coliseum
NFT and Solana DeFi
XRP and Ripple
Ethereum L2s and roll ups
How to win with startups
Economic engines in web3
Robust token incentives
Monthly meetups in Singapore
Metacamp, a dedicated Solana workspace, is hosting a monthly Mad Lads meetup.
The first one will be held on Thursday, July 27th at 7PM (local time). Register now before all spots are claimed!
Solana Speedrun Game Jam
Speedrun is a competition where developers will create and launch a NEW blockchain game in just 120 hours. It is themed based and challengers have no hints about what the main theme will be before the event begins.
The game must be playable, it must match the theme and fall within the following tracks:
The winner of the xNFT deployment track will win a Mad Lad NFT!
Cypher Protocol Teases xNFT
cypher is trading engine built on Solana. The group dropped an xNFT teaser this week. What do you think they’re building?
xNFT Library Hits New Milestone
More than 100 xNFTs have been added to Backpack’s xNFT Library.
One new xNFT comes from the Helius team.
Pyre is an education tool that gamifies the process of learning about developing on Solana. Some of the challenges include:
finding the number of leaves on a merkle tree
determine the number of transactions related to a cNFT
identifying the sales activity of an cNFT
Virtual assistant tool Stache helps you manage your wallets.
Stache goes beyond just holding your assets. It allows you to manage subscriptions, pay bills, and seamlessly interact with other services, all without the need for manual intervention.
The Mad Wars Is In Full Swing
Mad Wars social trading competition is still going strong. The leaderboard has shifted immensely since the beginning of the Wars.
For more information about the Mad Wars, what you can win and how to participate start with our Mad Wars AMA.
The 0xMert Interview
We expanded the Mad News portfolio to include dives into Mad Lads adjacent projects like the Mad Wars blog linked above, as well as interviews with Solana’s most notable builders.
0xMert (co-founder of Helius) talked about his career as a software engineer, dropping out of college to work in web3, building Helius, his favorite xNFTs and advice for new developers.