Argin Chronicles
Since the Dencun upgrade, Ethereum layer 2 (L2) transactions have experienced a remarkable surge, marking a 196% increase to reach 5.67 million transactions settled on the top L2 platforms. The number of transactions on ETH layer 2s has skyrocketed following the Dencun upgrade. ➖The number of transactions settled on the top L2s has increased by […]
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. 📊 @solana's DEX trading volume hits $1.14B in 24 hours, eclipsing @ethereum's $1.13B, fueled by the $JUP airdrop excitement. Ethereum still leads […]
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 […]
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 […]
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 […]
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 […]
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 […]
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. […]
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. […]
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 […]