Solana’s First Native Liquid Restaking Token Launches
Jito and Fragmetric have introduced fragSOL, Solana’s first native liquid restaking token, aiming to optimize yield and improve reward distribution in the liquid staking market.
Solana (SOL)
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Solana’s Market Slump
Solana (SOL) experiences a significant downturn in August, dropping from $180 to $138.37, with technical indicators and ecosystem performance suggesting potential further decline.
Slerf Introduces NFT-Based Governance System
Solana-based meme coin Slerf has introduced NFT-based voting, allowing token holders to submit proposals via Discord and vote on the project’s future. This move aims to increase community involvement and decentralized decision-making.
Bitcoin Dips Below $59K
Bitcoin and the broader cryptocurrency market experienced a significant downturn on Sunday, with BTC dropping below $59,000 and the total crypto market value declining by 3.18%. The dip triggered substantial liquidations in the derivatives market, totaling $132.49 million.
Solana ETFs: Inevitable in US After Brazil Approval?
Following Brazil’s approval of a Solana ETF, experts suggest similar approval in the US is inevitable but face regulatory hurdles and uncertain timelines.
Crypto Market Slumps as Solana Leads Major Coins in Decline
Major cryptocurrencies including Solana, Bitcoin, Ethereum, and BNB experience significant price drops, with Solana falling 7.8% in 24 hours amidst broader market downturn.
Solana Hits Revenue Milestone, Outperforming Ethereum
Solana has outperformed Ethereum in weekly revenue for the first time, generating $25 million compared to Ethereum’s $21 million, largely due to increased transaction fees and MEV tips fueled by memecoin activity.
Celebrity Memecoins on Solana: A Month of Hype and Decline
In June, 30 celebrity memecoins launched on Solana, but most have since lost significant value, with insiders profiting the most from these speculative tokens.
Solana Surges: Is SOL the Crypto to Watch?
Solana (SOL) has seen significant growth and technical improvements, with potential for further gains and the possibility of Solana-based ETFs on the horizon.
USDC Dominates Solana as Circle Injects Fresh Liquidity
Circle has minted nearly $1 billion in USDC on Solana over the past week, solidifying its position as the dominant stablecoin in the ecosystem and potentially signaling increased demand and liquidity.