Tag: solana
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Solana DEX Volume Surges Past $60M, Extending Lead Over Ethereum
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Solana is strengthening its position as the top blockchain for decentralized exchange (DEX) trading, outperforming Ethereum for the fourth consecutive month. The latest data from DeFiLlama reveals that Solana-based DEXs have recorded over $60 million in trading volume this month, nearly double Ethereum’s $34 million. Solana Outpaces Ethereum in DEX Trading Since October, Solana has…
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XRP ETFs Could Hit $8 Billion, But Broader Crypto Demand Looks Weak: JPMorgan
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JPMorgan analysts foresee up to $8 billion flowing into XRP exchange-traded funds (ETFs) and $3 to $6 billion into Solana ETFs. However, they predict tepid demand for cryptocurrency ETFs beyond Bitcoin and Ethereum, highlighting a limited investor appetite for altcoin-focused products. While Ripple’s ongoing legal battle with the SEC could conclude in 2025, potentially boosting…
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Solana Price Surges Above $200 After Pump.fun’s $55M SOL Sale
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Major transaction triggers a 10% rebound; experts predict SOL may hit $400 by 2025. Solana Rebounds Following Pump.fun’s $55M SOL Sale Solana (SOL) witnessed a remarkable 10% price recovery, climbing above $200 shortly after Pump.fun transferred $55 million worth of SOL to the Kraken cryptocurrency exchange. The price dip to $189 on Jan. 1 at…
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Solana Dips Below $200: Technical Indicators Suggest Potential Recovery
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Solana (SOL), one of the leading cryptocurrencies, recently experienced a sharp price decline, dropping below the critical $200 support level. Amid a market-wide sell-off, SOL’s price has shown signs of potential recovery, offering hope for investors. Market Downturn and Fed Impact The broader cryptocurrency market faced turbulence following the Federal Open Market Committee (FOMC) meeting.…
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Solana (SOL) Price Surges Amid Ecosystem Developments and Market Recovery
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SOL Price Rises on Strong Network Developments The price of Solana (SOL) has seen a notable surge, buoyed by significant developments within its ecosystem and a recovery in the broader cryptocurrency market. As of today, SOL is trading at $230, marking a 6% increase in the last 24 hours and recovering losses from earlier in…
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$30M DEXX Hack Tied to Over 8,600 Solana Wallets
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Blockchain security firm SlowMist has linked over 8,620 Solana wallets to the $30 million exploit of DEXX, a memecoin trading platform. Initially reported on November 16 with $21 million in losses, the figure was later revised to $30 million due to memecoin price fluctuations. The hack affected at least 900 users, making it the second-largest…
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Solana DEX Volume Hits Record High as SOL Eyes $300 Milestone
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Surging network activity and memecoin frenzy drive Solana’s impressive growth. Solana DEX Volume Surpasses $100 Billion Solana’s decentralized exchange (DEX) trading volume reached a new milestone, surpassing $100 billion in November, according to DefiLlama data. The network achieved $109.8 billion in monthly DEX trade volume, nearly double Ethereum’s $55 billion. Daily and weekly records were…
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BONK Takes the Lead Over WIF on Solana
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The meme coin scene on the Solana blockchain is buzzing with excitement, and BONK is now the big dog in the yard, surpassing WIF to claim the title of Solana’s top meme token. This shift comes right after the BONK team announced they’re set to burn a whopping 1 trillion tokens on Christmas Day 2024.…