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Solana’s DEX Dominance Surges as Memecoin Frenzy Drives Unprecedented Growth

Solana has taken the DEX market by storm, nearly commandeering half of the sector's total volume. This rocket rise has been largely fueled by the tremendous success of Pump.fun, one of the most recent memecoin launchpads. The trading volume of Pump.fun has recently surpassed that of Ethereum, making it one of the most influential forces in the decentralized trading space today. According to data from OKX, Pump.fun is now reshaping the volume landscape of decentralized trading and influencing the development of trading apparatuses built atop the Solana blockchain. https://twitter.com/Cointelegraph/status/1884832664324333699?t=3wWvaHFmCmnnAgsoP15Nnw&s=19 Pump.fun’s Unstoppable Momentum and Its Most Prolific Creator Pump.fun has seen a growth that can only be described as meteoric. This platform has enabled what seems like an unending flurry of new tokens, with one wallet in particular being the most notable. The owner of this wallet has been on a […]

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Jupiter Protocol Allocates $50 Million for JUP Token Buyback to Drive Long-Term Growth

Aiming to foster long-term value for its native token, $JUP, Jupiter Protocol has made a strategic announcement: 50% of the protocol's fee income will go toward repurchasing $JUP tokens. Given the protocol's substantial revenue growth forecast for 2024, this buyback plan signals a near- and long-term commitment to improving the token's market dynamics and its standing in the Solana ecosystem. Exceptional Revenue Growth in 2024 Over the last year, Jupiter Protocol has grown tremendously, racking up $102 million in total revenue for 2024. That achievement has given it the 7th place spot among decentralized applications (DApps) on the Solana blockchain when it comes to income. Most of that revenue comes from Jupiter Perps, the protocol's perpetual futures platform, which boasts an impressive 84% market share among perpetual decentralized exchanges (PerpDEX) on Solana. One of the most striking aspects of 2024 […]

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$MURAD Coin Creates a Stir on BingX: A Closer Look at the Whale Investment and Market Movements

The world of cryptocurrency has been electrified by the entry of $MURAD, a community-driven token that lately appeared on the BingX trading platform. Its almost vertical takeoff and subsequent sharp ups and downs have drawn the admiration and attention of some within the crypto world, but what has stoked interest in the token is the presence and possible purchase of a well-known whale in the crypto space. Here's what we know about the circumstances surrounding $MURAD and the reason it has come to be seen as a flashpoint in the crypto conversation. Whale Activity and Market Volatility A whale of a different sort has been at the center of recent market activity, making waves with a series of bold investments. Known for previously spending 15,140 SOL on tokens like $Pnut, $FRED, and $OPK, this investor hit a peak floating profit […]

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