USDC Milestone Highlights Stablecoin Growth
Circle’s USDC stablecoin reaches $16 trillion in total volume, with the Solana blockchain emerging as a key factor in its rapid expansion.
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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.
DEX Volumes Fall in August, Ethereum Leads
Decentralized exchange (DEX) volumes fell in August, with Ethereum maintaining its lead among blockchain networks. Meanwhile, centralized exchanges (CEX) saw a slight increase in trading activity.
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.
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.
Dogwifhat Surges 20% as Bitcoin Recovers to $57,000
Solana-based meme coin dogwifhat (WIF) experiences a 20% price increase amid Bitcoin’s rebound to $57,000, reflecting broader market recovery and increased trading activity.
Crypto Market Suffers $500B Wipeout in 3-Day Plunge
The cryptocurrency market experienced its largest three-day sell-off in a year, losing $510 billion in market capitalization amid weak US jobs data and recession fears.
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.