Solana Foundation Partners with Dubai VARA for Economic Zone
Solana Foundation Partners with Dubai VARA for Economic Zone
🏜️ Dubai Hearts Solana
The Solana Foundation has signed a Memorandum of Understanding (MoU) with Dubai's Virtual Assets Regulatory Authority (VARA) to establish a Solana Economic Zone. This follows their recent partnership with Dubai Multi Commodities Centre.
Key developments:
- Open relations between developers and regulators
- No blockchain network restrictions
- Creation of dedicated economic zone for Solana ecosystem
This partnership marks a significant step in blockchain regulation and development in the UAE, potentially creating new opportunities for developers and businesses in the region.
Want to learn more about Solana's expansion in Dubai? Visit Solana Foundation
🟪 Solana | Dubai Solana Foundation signs MoU with Dubai’s VARA to launch Solana Economic Zone. developers and regulators will enter a phase of open relations. No bans for any blockchain networks! ⛓️
SolanaVM Releases Technical Documentation for $SVM Token Platform
**SolanaVM has published detailed technical documentation** explaining how their upcoming platform will work. The documentation covers: - Complete technical breakdown of the SolanaVM platform - **$SVM token mechanics** within their ecosystem - Implementation details for developers This follows their recent **CoinGecko listing** in August, which now provides real-time price tracking for $SVM tokens. The platform aims to bridge Ethereum and Solana networks, potentially unlocking access to over $68 billion in EVM total value locked. [Read the full technical guide](https://solanavm.notion.site/Quick-Start-17722161fbf643dfb5721be9b152605e)
Solana Sets Weekly Bridge Record with $413M in Cross-Chain Assets
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Solana dApps Generate $7.43M Daily Revenue, Outpacing Top 5 Blockchains Combined
**Solana continues its revenue dominance** in the blockchain space, with decentralized applications generating $7.43M in daily revenue. This figure **exceeds the combined revenue** of the next five largest blockchains: - Ethereum - Hyperliquid - Base - BSC The milestone represents another record-breaking day for Solana's ecosystem. **SolanaVM technology** is positioned to bridge Ethereum dApps to Solana's network, potentially bringing additional value from the second-largest blockchain. Solana's **superior transaction speed and lower fees** continue to attract developers and users, creating a more accessible DeFi environment compared to traditional alternatives.
SolanaVM Token Reaches $30M Weekly Trading Volume Milestone
The SVM/USDT trading pair has achieved a significant milestone with over $30M in trading volume over the past week. This follows consistent growth, with daily trading volumes previously exceeding 5M tokens. Trading activity continues to expand across multiple metrics: - Increasing number of active wallets - Growing trader base - Expanding community presence **Where to trade SVM:** - [MEXC Exchange](https://www.mexc.com/exchange/SVM_USDT) - [Raydium DEX](https://raydium.io/swap/?inputMint=GNo91D4oKksLiq7TTd2gygCWqAbtU47rSGG1fAo5eA7h&outputMint=sol)
SolanaVM Token Listed on Bybit and CoinGecko
SolanaVM ($SVM) has achieved two significant listings in August 2025: - Now available on **Bybit** for price tracking and project information [Track on Bybit](https://www.bybit.com/en/coin-price/solana-vm) - Successfully listed on **CoinGecko**, a leading token-tracking platform [View on CoinGecko](https://www.coingecko.com/en/coins/solana-vm) These listings follow multiple submission requests and represent important steps in $SVM's market presence. The team hints at upcoming major partnerships and updates.