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Solana (SOL) is one of the most successful cryptocurrencies highly funded by venture capitalists (VCs) through private investment rounds. However, its supply is still concentrated in a few whales and institutions, who occasionally dump their holdings on the market. In particular, the on-chain analyst behind Lookonchain identified an entity that has been constantly selling Solana tokens throughout the year. Consolidated in two addresses, this whale or institution has sold 695,000 SOL worth $99.50 million in 2024. As Lookonchain reported, these addresses have been selling a weekly average of 19,306 SOL, worth $2.76 million. The whale still has 1.88 million SOL staked in Solana’s protocol for a nominal value of $255.89 million. Picks for you Phil Murphy's net worth revealed: How rich is the Governor of New Jersey? ...

Maestro receives funding from EMURGO a blockchain technology company that provides products and services to support the adoption of the Cardano blockchain’s Web3 ecosystem. Maestro, a full-stack Web3 platform for entrepreneurs and developers to build and launch decentralized applications (dApps) on UTxO blockchains such as Cardano. Previously funded by EMURGO’s investment arm EMURGO Ventures, this additional funding will support Maestro to aggressively develop and deploy new Web3 product offerings for its platform users and expand its business reach to drive Cardano adoption. Maestro’s advanced dApp platform offers powerful data APIs and developer tools that abstract away the complexity of blockchain infrastructure and streamline Web3 development. Its state-of-the-art UTxO indexing technology enables enterprise-grade scalability and reliability to help power Web3. Additionally, Maestro offers a suite of innovative services such as real-time transaction state monitoring, on-chain event...

The Foundation plans to issue $15 million per year in community grants to fund DeFi projects. Decentralized exchange (DEX) Uniswap is seeking an on-chain vote to approve the second tranche of the $74 million funding for its developer Uniswap Foundation. According to the September 27 announcement, the second tranche of funding , with a buffer of 10% for price volatility, is worth an estimated $62 million and will be decided via an on-chain vote on October 4. If approved, the funds will be used for operations and research grants. The Uniswap Foundation is responsible for growing core protocol metrics, building a pipeline for innovation, and aligning incentives for stakeholders of the popular DEX.  Developers explained that over the next year, they plan to build a software development kit for Uniswap V4 and support its subsequent migration, having already received $17.3 million in the first tranche for this target . The Uniswap Foundation team said the funding request was split in two...