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Home » Singapores Solana Summit Breakpoint Concludes Does Meme Coin BONK Hint at Upcoming Spot ETF
Cryptocurrency

Singapores Solana Summit Breakpoint Concludes Does Meme Coin BONK Hint at Upcoming Spot ETF

By adminSep. 25, 2024No Comments3 Mins Read
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Singapores Solana Summit Breakpoint Concludes Does Meme Coin BONK Hint at Upcoming Spot ETF
Singapores Solana Summit Breakpoint Concludes Does Meme Coin BONK Hint at Upcoming Spot ETF
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Breakpoint, as the most significant and iconic event in the Solana ecosystem, showcased major advancements from leading projects during this year’s event in Singapore.

(Background: Solana’s new phone Seeker debuts, can it profit from airdrops?)

(Additional Context: Web3 booking platform Travala integrates with Solana: earn 10% cryptocurrency cashback on future flight and hotel bookings.)

From September 20 to 21, the fourth Breakpoint conference took place in Singapore, attracting significant attention from developers and investors in the Solana ecosystem. Notable crypto leaders, including Bybit CEO Ben Zhou, OKX’s Chief Innovation Officer Jason Lau, and Circle CEO Jeremy Allaire, also participated in the event.

Last year’s Breakpoint is memorable for Anatoly appearing on stage in a humorous dinosaur costume, which captured the audience’s attention and subsequently drove a substantial price surge for the meme coin $Silly. Breakpoint is not only an annual celebration of the Solana ecosystem but also a platform for showcasing Alpha opportunities within the ecosystem.

Further reading: The myth of the $Silly meme coin: How it became a symbol of the Solana ecosystem? Will meme coin BONK launch an ETF?

At this year’s Solana Breakpoint conference, various projects presented significant advancements made this year. The liquidity staking token (LST) project Sanctum continued its personalized LST offerings and announced the launch of the CLOUD CARD credit card, allowing users to spend SOL and stablecoins in over 100 jurisdictions. Additionally, Sanctum announced an upcoming airdrop event for the second season of Wonderland.

On the other hand, the star DeFi project and liquidity aggregator Jupiter revealed that it has launched the V2 version of its contract trading product (Perps), the mobile application Jupiter Mobile, and the meme token trading tool Ape Pro, while also acquiring Coinhall and SolanaFM. Solayer partnered with OpenEden to introduce the yield-stablecoin SUSDC, and meme token BONK announced plans to launch an Exchange-Traded Product (ETP), hinting at a potential future BONK ETF. Coinbase, as a leading global cryptocurrency exchange, announced at the conference that it will introduce cbBTC to the Solana ecosystem, further promoting ecosystem expansion.

The next Breakpoint will move to Abu Dhabi.

Besides the aforementioned ecosystem projects, other leading projects such as Pyth, Wormhole, and MagicEden also presented their latest progress at the Solana Breakpoint conference. The event organizers announced that the next conference will be held from December 11 to 13, 2025, in Abu Dhabi, with expectations to attract more participants from the Middle East and around the globe.


Related Reports
$BONK listed on Coinbase surges over 50% in 24 hours! Becomes the third-largest meme coin by market capitalization
Why has the new Dogecoin on Solana, Bonk, gone viral?
Solana protocol Mangofarm goes offline! Official website and X stop updates, absconding with over $2 million.

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