Solcial, the first Solana-based social network that allows its users to create and share content that gets rewarded fairly, has just launched on Solana’s mainnet. Since November, Solcial has been invite-only as they finalized some key features. Now with more than 1,200 users onboarded, Solcial is betting big on creators and Web3 enthusiasts that want to explore new possibilities and new income streams.

If the attacker returns the funds, 10% of the total amount will be offered and considered as a white-hat bug bounty.

SOL token lost 9.5% Friday to trade at $12.82 – according to CoinMarketCap – after Solana-based decentralized exchange Raydium was compromised for $2.2 million. In an afternoon tweet on December 16, Raydium protocol wrote that the hacker overrode owners’ authority in the liquidity pools.

Solana-based decentralized exchange Raydium was exploited on Friday for around $2.5 million in digital assets, the project confirmed via a Twitter thread.

Solana-based decentralized exchange platform Raydium confirmed in a tweet on Friday that it had been the victim of an exploit.

Blockchain-based lending platform Maple Finance unveiled Wednesday a major protocol overhaul in an attempt to improve on <a href="https://www.coindesk.com/markets/2022/12/12/maple-finances-54m-of-sour-debt-shows-risks-of-crypto-lending-without-collateral/">shortcomings</a> highlighted by a spate of recent loan defaults.

Amid a crypto winter exacerbated by the FTX fallout, first-time and returning buyers have reached all-time highs in Polygon’s non-fungible token market. Yet, sales volumes are near all-time lows.

The Solana price slid more than 3% over the last 24 hours and landed in the red. The price of the asset has been consolidating over the past few weeks. SOL has been struggling to get past its immediate resistance mark, which is further fueling the coin’s downslide. In the last week, the altcoin depreciated by over 4%.

The leading marketplace for Solana NFTs is adopting an optional creator royalty model. The protocol lets creators of new NFT collections block marketplaces that refuse to grant royalties.

In a casual conversation between Cardano community members and Solana community members, it appears that both parties are eyeing the possibility of Solana becoming a Cardano sidechain.