gm gm, 

At $263, SOL has reached an ATH for the first time since 2021.

In recent weeks, its economic activity boomed, generating four times Ethereum’s fees this past Sunday. 

Here’s what this means for you: 

SOL Stakers 

Solana's daily all-time highs in 'Real Economic Value' (REV), a fee-based metric of on-chain activity, underscore the surging demand for its blockspace.

As more users submit transactions, fees are paid to validators, which are passed on to stakers.

Currently, at least 70% of REV finds its way back to SOL holders, either by burning tokens or through yield to stakers. With the surge in on-chain activity, dSOL is now at 12% APY.

You benefit from this increase in economic activity when you swap SOL to dSOL, all while protecting your bag from the effects of inflation.

Liquidity 

Substantial increases in TVL and stablecoin volume bring liquidity on-chain, resulting in a smoother DeFi experience, such as tighter spreads and faster fills. 

This week, Sky, formerly known as MakerDAO, launched its DeFi-native stablecoin USDS on Solana, with ~37% of the supply deposited on Drift. 

On Drift, you can deposit USDS as collateral, earn yield and your share of $100K in weekly rewards.

Just Driftings’

• New milestones as Drift surpasses $750M in TVL, and $250M in OI.

• USDC yields climb to 10.7%: earn on your stables.

• Trade BONK and WIF with up to 10x.

Driftors on CT