Solana’s Cooking.City Fair-Launch Platform Gains Institutional Backing for Sustainable Ecosystem Growth
Cooking.City, a innovative fair-launch platform, has officially launched on the solana blockchain, backed by prominent institutional investors such as Jump and CMT Digital. The platform focuses on ecosystem sustainability and value redistribution, aiming to create aligned incentives between traders and developers through its unique Core mechanisms and points system. Additionally, Cooking.City features a referral program that rewards users with fee rebates and points based on their invitees' activity. This development marks a significant step forward for Solana's DeFi ecosystem, combining institutional credibility with community-driven growth mechanisms as of July 2025.
Cooking.City Fair-Launch Platform Launches on Solana with Institutional Backing
Cooking.City, a new fair-launch platform, has gone live on Solana, emphasizing ecosystem sustainability and value redistribution. Backed by institutional investors like Jump and CMT Digital, the project aims to align incentives between traders and developers through its Core mechanisms and points system.
The platform introduces a referral system that rewards users with fee rebates and points based on invitees' trading activity. Airdrops are also being offered to encourage engagement ahead of the platform's native token launch. Daily dashboard updates provide users with reward rules and point tracking, with top referrers and traders receiving multiplier bonuses.
Cooking Points incentivize platform interaction across trading, referrals, and social quests. Higher trading volumes yield greater rewards, reinforcing the project's community-first approach.
Smart Traders Leverage Crypto Sniping Bots to Front-Run Presales Without Coding
Front-running, a practice long deemed illegal in traditional finance, has found a new frontier in decentralized finance. Unlike its conventional counterpart, crypto front-running exploits the transparency of blockchain mempools rather than insider information. Validators and traders now use high-speed bots like Snorter to execute transactions ahead of large orders by prioritizing them with higher gas fees—a strategy known as Maximum Extractable Value (MEV).
What was once the domain of coders and validators is now accessible to retail traders. Solana-based tools such as Snorter democratize MEV strategies, enabling users to compete with institutional bots. The rise of these no-code solutions signals a shift in how market efficiency and fairness are perceived in DeFi.
DeFi Dev Corp Secures $112.5M to Bolster Solana Treasury Strategy
DeFi Development Corp. has closed a $112.5 million private placement of convertible senior notes, oversubscribed from an initial $100 million target. The capital will primarily fund additional Solana (SOL) token acquisitions, reinforcing the company's treasury strategy centered on compounding SOL holdings.
Solana's price resilience above $150 amid market volatility has bolstered investor confidence. The announcement triggered a 6% surge to $153, lifting its market capitalization to $81.9 billion. DeFi Dev Corp currently holds 621,313 SOL tokens worth approximately $107 million as of May 2025.
The firm plans to deploy $75.6 million of the proceeds for direct SOL purchases, with remaining funds allocated to structured equity transactions and operational needs. This institutional accumulation strategy coincides with Solana's demonstrated ability to maintain key support levels despite broader market fluctuations.
Solana Nears Critical $175 Resistance as Analysts Eye $300 Breakout
Solana (SOL) is testing a pivotal resistance level at $175, with market observers debating whether the token has enough momentum to reach $300. The Volume-Weighted Average Price (VWAP) around this zone suggests it could act as a springboard for further gains—if buyers overcome concentrated selling pressure.
On-chain data reveals a dense cluster of investor activity between $170 and $180, where holders may look to exit positions. Clearing this barrier could open a path toward the next significant resistance band at $210-$230, where over 1.2 million addresses hold positions.
Derivatives markets show heightened interest, with SOL perpetual futures open interest nearing $985 million. The coming days will determine whether Solana's consolidation phase resolves into a decisive uptrend or meets rejection at key technical levels.
Solana Dominates 95% of Tokenized Stock Trading Volume Following xStocks Launch
Solana has emerged as the undisputed leader in tokenized stock trading, capturing over 95% of the market share since the June 30 launch of Backed Finance's xStocks platform. The blockchain now processes nearly all volume for this nascent sector of real-world asset tokenization.
xStocks debuted with 60 tokenized assets—55 individual stocks and 5 ETFs—immediately generating $1.3 million in first-day trading. Tesla and S&P 500-related tokens quickly surpassed early leader Strategy stocks, with $SPYx peaking at $4.67 million in daily volume on July 2 before cooling to sub-$2 million levels.
Despite volatile trading patterns, the platform has attracted significant capital retention. Assets under management reached $48.6 million by July 3, with $SPYx ($6.9M AUM) and $METAx leading allocations. The explosive growth signals institutional-grade adoption of Solana for traditional market exposure.
Blockchain-Powered Tequila Investment Yields 50% Return in Weeks
A $2,000 bottle of Clase Azul's 'The Loft Brooklyn Collection' tequila sold for $3,000 within 18 days after being tokenized on BAXUS' Solana-based marketplace. The platform combines physical vault storage with NFT representation for high-end spirits trading.
The transaction demonstrates growing convergence between luxury assets and blockchain infrastructure. BAXUS co-founder Tzvi Wiesel facilitated the deal by scanning and uploading the bottle to their Solana-powered platform, where each physical asset is paired with a digital twin.
