Solana’s low fees and high-speed transactions are driving the meme coin adoption, ushering in a new era in blockchain activity. Over the past 24 hours, SOL clinched the fifth position in the top 10 positions in fee generation among crypto protocols. This is significant considering Ethereum’s domineering influence, a game ... Read more
Solana’s decentralized exchanges (DEXs) reached a new peak, crossing $5 billion in daily trading volume for three days straight, a first for the blockchain. Throughout the week from November 10 to 16, the total trading volume amassed a substantial $15.9 billion, per DeFiLlama data. Raydium, one of the network’s key ... Read more
LayerZero, an interoperability protocol in the blockchain industry, has today announced a significant integration that supports PayPal USD (PYUSD) transfers between Ethereum and Solana networks. This innovation that is built on LayerZero’s Omnichain Fungible Token (OFT) Standard guarantees that users and businesses can make cross-chain transfers easily and securely. According ... Read more
GIGA is one of the meme coins that faced a massive security incident on November 11. A whale investor had about $6.09 million in tokens stolen from him due to a highly professional phishing scam. The individual known as “Still in the Game” on X said the cybercriminals sent a ... Read more
CoinShares’ most recent Fund Manager Survey shows that the sentiment towards Bitcoin has increased exponentially and the cryptocurrency is currently the new leader. Growing by 7% since July, Bitcoin is considered by almost twice as many respondents to hold the most favorable growth potential among other digital assets. This strong ... Read more
Solana’s transaction fees have soared to new heights, largely driven by a surge in meme coin activity on its decentralized exchanges (DEXs). This trend underscores the blockchain’s unique fee model, which sustains its low-fee structure for general users while generating higher fees from specific high-demand transactions. On Oct. 24, transaction-related ... Read more
Crypto asset inflows surged to $321 million last week, marking the second consecutive week of positive momentum for investment products in this sector, according to a report from CoinShares. This uptick is likely tied to the Federal Open Market Committee’s (FOMC) more dovish comments, which included a 50 basis point ... Read more
Matthew Sigel, the Head of Digital Assets Research, responded to the continuing criticisms of Ethereum (ETH). He claimed that this constant trolling of the cryptocurrency is draining and disingenuous, while the idea of “moneyness” fuels the success of layer one (L1) chains such as Ethereum and Solana. In conventional economics, ... Read more
Sreeram Kannan, founder of EigenLayer, has sparked a fiery debate on the relative security and scalability of Ethereum and Solana, two major blockchain platforms. The focal point of the debate revolves around the concept of multisig trust and social forking. The debate is a reflection of the ongoing evolution of ... Read more
In the latest cyber attack that occurred on 29 August, the hackers seized the Twitter handle of French footballer Kylian Mbappé and used it to advertise a scam crypto token called MBAPPE. This case shows that more and more Celebrities are having their social media accounts hacked to carry out ... Read more
