Tether's $150M Drift Rescue, Solana's $1.1T ATH, SEC DeFi Green Light & More | Solana Weekly News

This week in the SolanaFloor newsroom: Tether steps up with a $150M Drift recovery plan as Circle faces fierce backlash for refusing to freeze stolen funds, the SEC delivers a landmark ruling giving DeFi apps the green light on broker-dealer registration, Solana records $1.1T in Q1 economic activity, a new all-time high. Jump Crypto's research shows Solana PropAMMs outperform CEXes in 99.3% of retail swaps. Plus Seeker's developer count explodes 106% QoQ and Solstice farmers are not happy.

Timestamps

00:00 Welcome + Market Check

05:40 Tether's $150M Drift Rescue

18:38 USDT vs USDC on Solana

21:32 71% of SKR Staked — Seeker Flywheel

30:36 SEC's DeFi Green Light

32:59 Jump Crypto: Prop AMMs Are Winning

40:37 Hyperliquid vs Solana Perps

43:49 Solana's $1.1 Trillion Q1 ATH

47:59 Is It All Bot Volume?

52:42 Meme Coin Era vs Stablecoin Era

1:00:30 Honorable Mentions: Tokenized Stocks, XPL, More

1:08:32 Stat of the Week: USDC vs USDT Market Share War

1:12:28 Tweet of the Week: Lily Liu on Solana's Values

1:13:58 Next Week Preview

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Full stories covered in this episode:

📍 Tether Leads $150M Drift Recovery Plan After Circle Refused to Freeze Stolen Funds

https://solanafloor.com/news/tether-leads-150m-drift-recovery-plan-after-circle-refused-freeze-stolen-funds

📍 CEO Jeremy Allaire Stands Firm on Circle's Inactivity During $285M Drift Exploit

https://solanafloor.com/news/ceo-jeremy-allaire-stands-firm-circles-inactivity-during-285m-drift-exploit

📍 SEC Gives DeFi Apps Green Light in Statement on Broker-Dealer Registration

https://solanafloor.com/news/sec-gives-defi-apps-green-light-statement-broker-dealer-registration

📍 Seeker Developer Count Rises 106% QoQ Amidst Solana dApp Store Boom

https://solanafloor.com/news/seeker-developer-count-rises-106-qoq-amidst-solana-dapp-store-boom

📍 Solana PropAMMs Better Than CEX in 99.3% of Retail Swaps

https://solanafloor.com/news/solana-prop-amms-better-than-cex-99-retail-swaps

📍 Solana Records $1.1T in Q1 Economic Activity, A New All-Time High

https://solanafloor.com/news/solana-records-1t-q1-economic-activity-new-all-time-high

📍 Solstice Farmers Disappointed by $7 Airdrop Registration Fee

https://solanafloor.com/news/solstice-farmers-disappointed-7-airdrop-registration-fee