$150M Drift Rescue, Solana's $1.1T ATH & SEC's DeFi Green Light | 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 ▶ Follow Solana Weekly News so you never miss the week in Solana. 📬 Get the stories first — subscribe to the SolanaFloor newsletter: https://solanafloor.com/newsletters 🔗 Follow along: SolanaFloor → https://x.com/solanafloor Finn → https://x.com/solace_fm Thomas → https://x.com/thomasbahamas Jack → https://x.com/_JackDunham 🎧 Listen on Spotify: https://open.spotify.com/episode/5ETY5tV0D3vQ0HfmgUq9TP?si=5jKMQDgKT22oWoR_gmYgSA 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