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Solana’s DEX Trading Volume Surpasses Ethereum’s Fueled By $JUP Airdrop Excitement

Solana's decentralized exchange (DEX) trading volume reached a remarkable $1.14 billion within a 24-hour period, outpacing Ethereum's $1.13 billion. This surge in trading activity was driven by the anticipation surrounding the $JUP airdrop. https://twitter.com/esatoshiclub/status/1753448440221319183?t=5LXXChEMpex75gbk6XUSrw&s=19 Jupiter, a prominent protocol on Solana, distributed approximately $700 million worth of tokens to nearly a million wallets on January 31st, igniting widespread excitement within the crypto community. On-chain reports revealed that three airdrop hunters reaped substantial rewards from the $JUP airdrop, receiving an airdrop of 5.5 million $JUP valued at $3.6 million through 27,600 wallets. https://twitter.com/lookonchain/status/1753319830068003181?t=mwfcMmi5RsaTFhmO8Ngipw&s=19 The airdrop not only generated considerable attention but also led to the rapid listing of JUP on prominent centralized exchanges like Bybit and Binance, further fueling investor interest and trading activity. Despite Solana's Growth, Ethereum Still Leads The Way Despite Solana's impressive performance, Ethereum maintains its lead in weekly […]

Will Izuchukwu February 3, 2024

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Altcoins Lead Market Recovery: Bittensor, Helium, And Solana Surge

In a week of impressive market recovery, altcoins have taken center stage with Bittensor, Helium, and Solana emerging as top performers. While Bitcoin's social volume continues to decline, traders are increasingly drawn to speculative altcoins showing promising trends. Bittensor has experienced a remarkable 70% surge in the past seven days, reflecting a 54% increase on the weekly chart and an impressive 393% surge over the last three months.  https://twitter.com/santimentfeed/status/1752472885527036359?t=2nbbLjH7TL6FRvY_V2zSrg&s=19 The altcoin has reached an all-time high of $349 in the past 24 hours, drawing attention for its significant price pump. The surge in developer activity on the network has contributed to the rise of $TAO, an altcoin leveraging AI to aid developers in creating intelligent applications. SOLANA Sol And HNT Price Action To Monitor Solana, another standout performer, has witnessed a surge in activity on its blockchain in recent days. […]

Will Izuchukwu January 31, 2024

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Featured

Pyth Oracle Sees Steady Growth Across Solana And EVMs

In a recent analysis by DevRel at Duneanalytics, the utilization of the Pyth oracle has been steadily increasing since January 2022, signaling a robust adoption of its services.  Solana emerges as the primary platform for Pyth transactions, particularly during bullish market conditions. While transaction volumes peaked in December of the previous year and have since experienced a slight decline, the number of unique wallets engaging with Pyth has shown a notable and sustained increase.  This trend underscores growing user participation and interest in Pyth's capabilities. https://twitter.com/agaperste/status/1751705951797641604?t=uRbA2Q-waKQX0EmLXEcw5Q&s=19 Noteworthy is Pyth's expansion into the EVM (Ethereum Virtual Machine) ecosystem. Analysis reveals a steady uptick in Pyth transactions within EVMs, particularly on platforms like zkSync Era, Arbitrum, and Optimism. However, when comparing Pyth and Chainlink's adoption rates for price feeds on EVMs, Chainlink emerges as the dominant player. PYTH and Chainlink Leads Role […]

Will Izuchukwu January 30, 2024

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News

Leading Blockchain Platforms In 2023: Ethereum, Tron, Binance Smart Chain, Arbitrum, And Solana Dominate TVL Rankings

In the dynamic realm of cryptocurrencies, Total Value Locked (TVL) has emerged as a crucial metric, representing the cumulative dollar value of digital assets staked or locked within a specific blockchain network. This figure is influenced by the utilization of decentralized finance (DeFi) platforms and decentralized applications (dApps), serving as an indicator of a project's value and security. Investors rely on TVL as a key performance indicator, providing insights into the risks and rewards associated with supporting a particular DeFi platform. A higher TVL often indicates increased trust from cryptocurrency investors, as a substantial portion of assets is locked within the network. TRON Tops The List Besides Ethereum  Recent data from coin98 analytics highlights the TVL leaders at the close of 2023. Ethereum secured the top spot, while Tron emerged as a strong contender, claiming the lead among blockchains with […]

Will Izuchukwu January 1, 2024

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Market Analysis

SOLANA PRICE ANALYSIS & PREDICTION (December 25) – Sol Breaks Higher, Tests $120 Range With A 10% Daily Surge

Amid latest altcoins season, Sol rallied hard in the past week and continued to gain traction daily. It recorded its most weekly gains during that period and now trades well above $110. This rally is likely to end soon. Last week saw Sol through its most volatile session since the price picked up two months ago. Following the consistent surge, Sol overtook BNB and occupied its spot as the 4th largest crypto by market cap ever since. It sustained buying pressure and closed strong in that week. Crossing over into a new week bullish, Sol further saw a 10% daily increase to $126.3. That level was quickly rejected and the price retraced briefly. However, it remains strong and currently changes hand at around $118. A continuous increase could see the price test the April 2022 high before correcting lower.  If […]

Michael Fasogbon December 26, 2023

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Solana’s DEX Trading Volume Achieves New Monthly High

Solana's decentralized exchanges (DEXes) are experiencing a significant surge in demand. This shows an uplifted trading activities on the network. Over the past month, Solana has witnessed a notable increase in network activity. This has resulted in an increased in daily on-chain transactions and active addresses. Futhermore, data sourced from DefiLlama shows that Solana's DEX trading volume has exceeded $5 billion this month, currently standing at $5.101 billion. Despite the fact that it lags behind Ethereum (ETH) at $27.3 billion and Arbitrum (ARB) at $10.8 billion, Solana's impressive execution underscores its growing prominence in the DeFi space. Solana Boasts A TVL Of $557.18 Million Additionally, the new upswing in trading on Solana's DEXs has not only contributed to the surge in trading volume however has also moved an increase in the network's total value locked (TVL). Currently, Solana boasts a […]

Will Izuchukwu November 21, 2023

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Featured

Solana Surges Past $50, Setting Off A Milestone Following A Year Full Of Bearish Sentiment And Dormancy 

In a huge forward leap, Solana has penetrated through the $50 resistance level without precedent for more than a year. This advancement lines up with the more extensive bullish trend found in driving cryptocurrencies, with Ethereum breaking through the $2,000 price mark and Bitcoin testing the $38,000 threshold. Although Bitcoin is currently trading at $37k levels.  Massive Price Action And ROI As of the most recent information, Solana is presently exchanging at around the $51.2 price level, mirroring a noteworthy surge of more than 11% within the last 24 hours. This resurgence positions Solana in a positive light, displaying its versatility and potential to flourish in the ongoing bullish market. This is a remarkable milestone as this implies a monstrous 260% ROI this year alone for $SOL. https://twitter.com/mycoinecho/status/1723009503975645401?t=laL9SBtmTIimHwA-A1Tnqw&s=19 Back To Fight For The Top Spot Of Smart Contract's Platform The significant […]

Will Izuchukwu November 10, 2023

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Featured

October’s Soaring Prices For Solana: A 62% Increase, A Rise In Market Cap, And Increasing Interest

For Solana, a blockchain platform renowned for its outstanding performance, October has been an amazing month. In addition to moving back up to the seventh position in the market capitalization rankings of cryptocurrencies, Solana saw a noteworthy 62% gain in value over this time. These changes highlight the increasing curiosity and hope for Solana's ecology. https://twitter.com/santimentfeed/status/1719478624384946479?t=xe7sOeWVcofpKyHvXWUrJQ&s=19 Solana Market Cap Recovery Due to its outstanding performance in October, Solana saw a rise in the rankings of cryptocurrency market capitalization. It has reclaimed its position as one of the best digital assets after momentarily falling off the list. This accomplishment shows that the market has recognized Solana's technology and its ability to upend established practices. Public Engagement In Solana Discussions about $SOL have significantly increased, which is one of the main signs of Solana's expanding power. It is evident that there is […]

Will Izuchukwu November 1, 2023

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Market Analysis

SOLANA PRICE ANALYSIS & PREDICTION (October 21) – Sol’s Tests $30 Following A Massive 80% Monthly Explosion, What Next?

Following last month’s rebound from a channel’s lower boundary, Solana retraced and found support above $20. It initiated a fresh buy and resumed buying this week. So far, it posted 35% gains in 7 days. Solana advanced bullish this week after taking undergoing a short correction earlier this month. This explosion came after locating support at $21 last week, followed by a quick bounce to the $22.5 level before breaking through on Monday.  It encountered resistance at a two-month high of $25 that same day and paused the rally due to a slight rejection. The price dropped a bit from there and further broke through this high to reach $29.9 today.   Looking at the latest surge in volatility, Sol appears to be targeting the upper boundary of the ascending channel, as shown on the daily chart. The current daily rejection […]

Michael Fasogbon October 22, 2023

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