Ethereum killer Solana’s network has skyrocketed as on-chain transfer volume hit $224 billion in a single day. Data suggest that this dramatic surge in volume represents a nearly threefold increase compared to the cryptocurrency’s total market capitalization of $76 billion. The spike in transfer volume has attracted attention in the ... Read more
The Solana network is also experiencing tremendous growth both in its price and network activity. SOL surged by 17% over the past week, partly due to large-scale staking activity. Data from Lookonchain showed that a new wallet recently withdrew 150k SOL (worth about $26 million) from Binance and staked it, ... Read more
Ethereum has faced increasing criticism due to its recent underperformance compared to Bitcoin (BTC) and Solana (SOL). Many have questioned Ethereum’s roadmap and future prospects, attributing the downturn to a lack of innovation and competition. However, a closer examination reveals that these comparisons may be skewed by significant idiosyncratic events ... Read more
Amidst signs of Solana breakout, crypto observer Wazz shed light on the activities of Pump.fun, a meme coin launchpad built on the SOL blockchain. Citing data from Lookonchain, PumpFun has sold a significant amount of SOL tokens, totaling $40 million worth of SOL [$6.68 million] in its latest transaction. This ... Read more
Solana (SOL) has been making impressive strides in the cryptocurrency market, showcasing an upward trend as it surpasses critical resistance levels. Over the past week, SOL has climbed nearly 10%, while in the last 30 days, it has achieved a 13% increase, highlighting its strong performance and potential for further ... Read more
Solana (SOL) is gaining traction, showing promising movements as part of a broader bullish trend in the cryptocurrency market. Over the past week, SOL has risen by nearly 4%, and in the last 30 days, it has experienced a solid increase of 12%. This upward momentum signals not only the ... Read more
Solana (SOL) continues its upward trajectory, gaining significant attention as its value surges. Over the past week, SOL has increased by nearly 7%, and within the last 30 days, it has climbed by around 8%. This strong performance hints at potential further growth in the coming weeks. As of now, ... Read more
Sui, an upcoming layer 1 blockchain is making waves and generating significant buzz. Its rise to prominence is reminiscent of Solana’s meteoric rise in 2021. Given the striking similarities between Sui and Solana, market experts have conducted comparative analyses to determine if it can replicate Solana’s success and live up ... Read more
In a week filled with economic uncertainty, digital asset investment products saw modest inflows totaling $30 million, as detailed in Coinshare’s Weekly Report. This influx reflects how markets are treading cautiously due to recent macroeconomic data that says the Federal Reserve may not add a 50 basis point interest rate ... Read more
Solana’s price has exhibited sharp fluctuations throughout 2024. These dramatic price spikes and crashes are mostly attributed to stagnant stablecoin liquidity since April 2024. However, recent data suggests potential shifts in this trend. Stablecoins are cryptocurrencies pegged to the value of a fiat currency like the US dollar and are ... Read more
