Solana hits 100K TPS milestone, signaling readiness for web-scale on-chain markets
Daily top performer — API3 (API3)
The S&P 500 fell 0.59% Tuesday on tech weakness, with futures flat on Wednesday ahead of retailer earnings and Fed minutes. Gold slipped toward $3,320 as a stronger USD and progress in Russia-Ukraine peace talks pressured safe-haven demand, with traders eyeing upcoming Fed minutes and Jackson Hole for policy signals. The Coindesk Indices, which tracks the broader crypto market, fell 3.50%, with Bitcoin and Ether down 2.79% and 4.19%, respectively in the past 24 hours. Trade these markets and more with up to 500x leverage on Bybit MT5 using this link.
Today’s top performer is API3, up 53.1% after announcing a partnership with dRPC to deliver faster, more verifiable DeFi data.
API3 (API3), founded in 2020, is a decentralized API platform that connects dApps to traditional Web APIs using fully decentralized dAPIs, governed by a DAO to ensure transparency, security, and decentralization, thereby broadening blockchain’s real-world applicability without compromising trustlessness. Api3 and dRPC have teamed up to deliver faster, more reliable DeFi data by combining Api3’s first-party oracles with dRPC’s high-performance infrastructure. The partnership ensures tamper-proof, source-verified feeds with low latency and global fault tolerance, while also enabling protocols to capture Oracle Extractable Value (OEV). This collaboration turns oracles into value-generating infrastructure and provides the speed and resilience needed for next-gen decentralized applications.
Check out the latest prices, charts, and data of API3USDT perp contracts!
Talk of the town
Solana briefly hit over 100,000 TPS in a validator experiment—more than 25x mainnet’s typical throughput and above Visa’s peak capacity. While the test used mostly lightweight “no-op” transactions, developers say with more efficient programs and token standards, Solana could realistically handle 100K token transfers or 10–20K swaps per second. Backers argue this milestone shows Solana can scale far beyond current levels, enabling web-scale apps, deeper DeFi activity, and lower fees, positioning it as infrastructure for global on-chain markets.
Check out the latest prices, charts, and data of SOLUSDT perp and SOL/USDT spot contracts!
Bitcoin spot ETF flows
Category | Flow (millions) |
GBTC | (115.5) |
Non-GBTC | (407.8) |
Total | (523.3) |
Yesterday, BTC spot ETFs saw total outflows of $523.3M, with $115.5M from GBTC and $407.8M from non-GBTC funds.
Check out the latest prices, charts, and data of BTCUSDT perp and BTC/USDT spot contracts!
Airdrop to watch
Avantis has launched “Predator’s Arena,” a 4-week trading competition with 150K OP tokens ($100K+) in rewards. Traders can earn OP by trading any asset, with both fees and PnL counting. Weekly prizes escalate from 15K OP in Week 1 to 60K OP in Week 4, and the event runs until September 16. Participation also grants XP toward the upcoming Avantis airdrop, making it a dual opportunity for rewards.