But here's the thing in the fast-paced crypto world, being "average" won't get us far. It's all about breakthroughs and setting trends.

And Solana? It's leading the pack.

Thanks to its recent partnership with ChatGPT, Solana has made a historic mark as the first base layer blockchain to integrate AI.

But wait, there's more. Solana's got bigger aspirations than just tech...

TLDR 📃

• Dogcoins, like SAMO and BONK, have been making waves on Solana lately, pushing DEX volumes to the highest we've seen since FTX's collapse.
• Interestingly, this is happening while Solana's daily active users (DAUs) are dipping after a few weeks of growth.
• Solana's co-founder, Raj Gokal, believes they can supercharge the ecosystem - think 100x - by focusing on small-cap companies and weaving blockchain into their operations.
• They've got a clear vision in mind: Solana wants to be the Apple of crypto, the go-to spot for high-tech blockchain innovation.
• To support this goal, they've recently launched the Solana ChatGPT plugin and supercharged their AI accelerator program from $1 million to a cool $10 million.
• As for SOL's price, it's currently in a bit of a holding pattern. Our advice? Keep an eye out for a breakout and then make your move.

Disclaimer: Not financial or investment advice. Any capital-related decisions you make are your responsibility and yours only.

Sh*tcoin season 🐕

Solana sh*tcoin season is in full swing. DEX trading volumes are skyrocketing, hitting a daily high of $276.41 million on May 29. To give you a sense, that's about half the total traded in the entire month of December 2022!

Hot coins of the moment? Samoyed (SAMO) and BONK, Solana's take on DOGE and SHIB. Especially SAMO, that one surged over +400% just last week.

Looks like retail investors are throwing money at these shitcoins like there's no tomorrow, much like we've seen on Ethereum. Why the frenzy? Maybe because BTC is on a roll, making people bullish. Or, let's face it, it's probably the good old "price goes up, it must keep going up" mentality.

But here's the twist: Despite the shitcoin rush, Solana's user base has actually shrunk over the past week...

User exodus? 😅

Well, here's a surprise. Solana's daily active users (DAUs) have taken a dive from a peak of around 565k to about 350k. With congestion easing on Ethereum and Bitcoin, Solana's no longer duking it out with BTC for the top spot. It's making us wonder, will users stick around if Ethereum and Bitcoin keep running smoothly?

Also, when BTC starts to rally, it tends to pull in capital from elsewhere in the market. We're seeing that now with a boost in Bitcoin DAUs and a dip in those on Solana and Ethereum. But hey, that's a short-term pattern. We expect altcoin ecosystems will bounce back when BTC starts to settle.

The million-dollar question here is: What's Solana's game plan to stay in the race if users keep drifting away?

Solana’s grand plan 🌱

In a recent chat with TechCrunch, Solana's co-founder Raj Gokal gave us a peek at Solana's plan to boost its network's growth. Think of Solana like a huge 8-lane highway that's surprisingly quiet - there's loads of capacity, but not enough action.

So, what's the game plan according to Raj? Here's the scoop:

• He thinks Solana can grow its ecosystem 10 to 100 times by focusing on small cap businesses. These nimble companies can adapt and integrate blockchain more easily.
• To build the apps these companies need, Solana's investing in hackathons to attract talented developers from both the crypto world and beyond.
• Infrastructure is another priority. Solana's been making moves, partnering with big players like Google Cloud and Stripe.
• And then there's the Solana Saga phone. It's not just about pleasing retail users. Gokal has bigger plans: He wants Solana to become the "Apple of crypto," and the Saga phone is a key part of that vision.

So, Solana's aiming to be the high-tech hotspot of crypto, and they're not shy about shaking things up to get there...

AI gets more backing 🦾

Solana is all-in on AI, folks! Remember the ChatGPT integration we talked about in our previous Solana digest? Well, it went live on May 23 - they sure don't hang around!

And it's not just about integration. Solana has upped the ante on their AI accelerator program, from $1 million to over $10 million, and it's already brought in more than 50 proposals.

There's already a basic "Ask Solana" chatbot, but a lot of projects are working on making the ChatGPT integration even better.

Take NeoSwap AI for instance, an NFT trade facilitator using AI. They've just launched programmable NFTs (pNFTs), a game-changer like when Ethereum launched smart contracts. With pNFTs, creators get embedded ownership and digital rights in their projects. We can bet we'll see some unique, AI-powered digital properties popping up in the NFT space.

So, the basic building blocks for Solana are rock solid. But with the recent surge in shitcoins, we've gotta ask - could a crash be on the horizon? What's the forecast for SOL?

Where does SOL go from here? 💭

Despite all the ups and downs in ecosystem tokens, SOL itself seems a bit wobbly. It's been bouncing between $22 and $19 for almost 4 months now, which can make investors pretty antsy.

So, what might we see in the weeks or months to come? Well, we've got two scenarios:

1. SOL loses its $19 support and drops to $15.
2. SOL turns $22 into a support and climbs to $30.

What's the strategy here? Patience, my friends. Wait for SOL to break through either $19 or $22, then take action based on that.

Cryptonary’s take 🧠

So, is Solana just another average chain? The evidence suggests otherwise. Yes, sh*tcoins have rallied on Solana recently and price is wobbly. But Solana has just made history by integrating AI. However, it's not the integration that is most important - it’s how it’s used. And clearly, judging by the number of proposals already submitted, developers are more than keen to begin utilising the opportunities that the integration presents.

With huge ambitions, Solana mustn’t over-promise and under-deliver. However, the evidence is clear for now - Solana is working hard to become the cutting-edge chain. The chain where innovation is not the goal; it’s the standard.

Will they become the Apple of crypto? No one can tell for sure but it sure is probable.