Solana’s onchain and derivatives data suggest that SOL could make a run back toward its all-time high in the short term.
Bitcoin’s journey from idea to reality (and near six figures) has been amazing, and Hemi co-founder Jeff Garzik says the network is ready for its next growth stage.
Story Highlights The live price of the Polkadot crypto token is Polkadot price can reach a maximum of $15.7577 by the end of 2024. DOT price is expected to approach its $100 mark by the year 2030, with a potential high of $95.94 for the year. Trading above the $4 mark, the DOT price hints …
Prometheum, a firm that has garnered attention for its first-of-its-kind license to operate in crypto-based securities, finds itself at a crossroads. The firm has positioned itself within the regulatory framework established by the US Securities and Exchange Commission (SEC) under its chair, which has taken a tough stance on crypto classifications. However, with leadership changes […]
Chainlink is considered one of the most undervalued tokens within the markets. While the platform offers multiple use cases, the LINK price remained largely unchanged. This indicates the bulls still remain distinct from the token and a rise to these levels could attract their attention. However, the Chainlink price is ranging slowly and steadily, suggesting …
Optimism's OP Mainnet integrates all Chainlink services, enhancing ecosystem growth with data, DeFi, and VRF capabilities.
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In the fast-evolving world of decentralized finance (DeFi), lending platforms have emerged as a powerful alternative to traditional banks. They promise higher returns, global accessibility, and a chance to participate in the digital finance revolution. However, with great potential comes significant risk—especially when it comes to collateral. In traditional banking, collateral is often tied to …
Cardano blockchain founder Charles Hoskinson has shared a vision of building an “ecosystem of hybrid apps powered by DeFi-enabled Bitcoin.” In a Nov. 26 post on X (formerly Twitter), Hoskinson highlighted his renewed interest in Bitcoin’s foundational code while noting that adding a DeFi layer to the top digital asset could restore its innovative edge. […]
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Despite the BTC price crashing under $95k, the bullish trend in AAVE and UNI reflects a growing trajectory. These altcoins are preparing for the December rally with a breakout rally and a rounding bottom reversal. Will AAVE and UNI give a 2x rally in December as the underlying sentiments for the DeFi tokens improve? Read …
Solana (SOL) decentralized finance (DeFi) activity has gained significant momentum, with its decentralized exchanges (DEX) surpassing Ethereum (ETH) DEX in monthly trading volume. So far in November, Solana-based DEXes have recorded over $100 billion in trading volume, marking a major milestone for the ecosystem. Solana DeFi Ecosystem Gains Momentum, Outshines Ethereum DeFi Solana, the fourth-largest cryptocurrency with a reported market cap of $118.34 billion has been on a record-breaking price trajectory. Recently, the digital asset established a new all-time-high (ATH) of $263 after having hit as low as $8 at the peak of the FTX fiasco. Related Reading: Solana (SOL) Bulls Stay in Control: Rally Far From Over? Now, the layer-1 blockchain has achieved another milestone as Solana-based DEXes surpassed $100 billion for the first time in monthly trading volume. According to data from DefiLlama, the 30-day cumulative trading volume recorded by Solana DEXes stands at $116.51 billion. In comparison, Ethereum mainnet-based DEXes saw $61.61 billion in trading volume during the same period. This means Solana’s DEX trading volume was more than double that of Ethereum’s. On a month-over-month (MoM) basis, Solana’s DEX volume surged over 100% from October, which stood at $52.5 billion. Meanwhile, the total value locked (TVL) in Solana’s DeFi ecosystem has increased to $9.30 billion, up from $6.23 billion a month ago. The unprecedented rise in Solana-based DEX trading volume can be attributed to several factors. These include the ongoing memecoin frenzy, the blockchain’s low transaction fees, and an intuitive user interface. It is worth highlighting that Solana’s TVL has yet to surpass its ATH TVL of $10.02 billion, which was recorded almost three years ago in November 2021. In January 2023, the blockchain’s TVL hit a low of $210 million, dragged down by the wider crypto bear market exacerbated by the downfall of FTX exchange. At the time of writing, $3.58 billion of Solana’s TVL is tied to the liquid staking protocol Jito, while Jupiter DEX holds $2.4 billion. Another prominent Solana-based DEX, Raydium, accounts for $2.37 billion of TVL. Where Is SOL Headed? Solana’s growing user adoption has played a crucial role in driving the recovery of its native token, SOL. On a year-to-date (YTD) basis, SOL has gained over 157%, rising from $101 on January 1 to $263 on November 23. Related Reading: Solana Records New ATH After 3 Years: Is SOL Ready To Flip USDT? Despite such extraordinary returns, crypto experts remain bullish on SOL, expecting further gains for the digital asset. According to a recent analysis by Titan of Crypto, SOL may hit $400 as it appears to be breaking out from a prolonged cup-and-handle pattern. Additional bullish factors, such as the declining Bitcoin (BTC) dominance and the rising likelihood of a Solana exchange-traded fund (ETF), could further propel SOL to new highs. SOL trades at $248.31 at press time, up 0.5% in the past 24 hours. Featured image from Unsplash, charts from DefiLlama.com and Tradingview.com
Tron has invested $30 million in World Liberty Financial (WLFI), the decentralized application backed by President-elect Donald Trump’s family. Tron founder Justin Sun said in a social media post on Nov. 25 that TRON has become the largest WLFI investor. Sun added: “The U.S. is becoming the blockchain hub, and Bitcoin owes it to @realDonaldTrump! […]
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The perpetual futures platform will issue 10 billion F Tokens as it continues its decentralization.
Sui integrates Bitcoin for liquid staking with Babylon and Lombard, tapping into BTC's $1.8T market.
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As President-elect Donald Trump prepares to assume office on January 20, 2025, the cryptocurrency industry is optimistic for a new regulatory era. The Blockchain Association, a nonprofit organization focused on promoting innovation and fostering a supportive policy environment for digital assets, has taken the initiative to communicate its priorities directly to the incoming administration and […]
Solana (SOL) has recorded a new all-time high (ATH) of $262, marking a historic recovery after three years of tumultuous price action. Notably, the token had once fallen as low as $8 at the peak of the FTX exchange collapse and the ensuing crypto bear market. Solana Makes Historic Recovery, Eyes USDT Flippening Solana (SOL), the much-touted “Ethereum killer,” is again in the spotlight. After dominating the 2020-21 crypto bull market, the digital asset saw its value plummet after FTX’s spectacular collapse, led by Sam Bankman-Fried. However, SOL has staged an impressive comeback over the last two years. Related Reading: $4,000 Solana Price Possible As SOL Breaks Out Of Massive Cup And Handle Pattern At the time of writing, SOL is the fourth-largest cryptocurrency, with a reported market cap of over $123 billion. The layer-1 blockchain’s market cap is just $8 billion shy of overtaking stablecoin Tether’s (USDT) market cap of $130 billion. Notably, SOL needs a further 10% price appreciation to decisively increase USDT’s market cap and become the third-largest digital asset by market cap. SOL will only trail Bitcoin (BTC) and Ethereum (ETH) as the third-largest cryptocurrency. Given the token’s recent price trajectory, it won’t be surprising to see SOL surging past the leading stablecoin’s market cap before the end of the year. In the last three weeks alone, the token has experienced a remarkable 75% surge, rising from $148 on November 4 to $259 at the time of writing. While the broader crypto market has gained momentum following the victory of pro-crypto Republican US presidential candidate Donald Trump, attributing SOL’s rise solely to this would be disingenuous. Memecoin Frenzy, Increased Network Activity, ETF Potential Helped SOL SOL’s remarkable turnaround can be linked to several factors that have spurred increased network adoption. One of the most prominent contributors is the ongoing memecoin frenzy, which has emerged as a dominant narrative in the crypto market. Related Reading: Solana Memecoin Market Thrives: POPCAT Reaches New Record Price Of $1.75 Memecoins – particularly those based on the Solana blockchain – have emerged as the crypto market’s top narrative over the last year. In October alone, the total market cap of Solana-based memecoins surpassed $10 billion. This memecoin craze has also translated into heightened network activity for Solana. Between September and October, Solana saw a 42% month-over-month (MoM) increase in active addresses, amounting to approximately 123 million. Besides benefitting from the memecoin narrative, Solana has also seen increased decentralized finance (DeFi) activity throughout the year. According to DefiLlama data, Solana is home to the second-largest DeFi ecosystem in the world, with a total value locked (TVL) of $9.265 billion. In addition, there are growing prospects for a Solana-based exchange-traded fund (ETF). A recent report indicates that the US Securities and Exchange Commission (SEC) is holding active talks with multiple asset managers regarding the potential launch of a new spot Solana ETF. While SOL’s achievement of a new ATH is impressive, experts believe the token still has significant growth potential. At the time of writing, SOL trades at $259, up 6.2% over the past 24 hours. Featured image from Unsplash, charts from DefiLlama.com and Tradingview.com
As President-elect Donald Trump prepares to take office in January, a significant development is unfolding in the crypto space: Chris Giancarlo, nicknamed “Crypto Dad”, is emerging as a frontrunner for the newly proposed position of “crypto czar”. This role is intended to guide the administration’s approach to the $3 trillion digital asset market, according to […]
Polymarket, a leading blockchain-based prediction market, has restricted access to French users amid a government investigation into its compliance with national gambling laws, according to local media reports. The platform, known for enabling users to bet on real-world outcomes using crypto, implemented the block on Nov. 22. The move comes amid heightened scrutiny from France’s national […]
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The stablecoin market is heating up, but the future remains uncertain. Will one stablecoin dominate, or will multiple players coexist in a diverse ecosystem?
Bitcoin is inching up toward six-figure valuation as investor optimism remains high due to Donald Trump’s incoming presidency and optimistic signs for cryptocurrency regulation.
According to Deribit, the exchange will include USDe in its cross-collateral pool as of early January 2025, pending regulatory approval.
The CFTC’s Summer Mersinger advocates for structured crypto regulations, urging the industry to engage with the incoming US administration.
President-elect Donald Trump’s media company is reportedly considering the launch of a crypto payment service, as indicated by a recent trademark application filed with the US Patent and Trademark Office. Exploring New Horizons The application, submitted on Monday, pertains to a service named “TruthFi,” which is envisioned as a platform for crypto payments, financial custody […]
Solana prices have surged a whopping 11% on the day returning to their all-time high last visited three years ago.
In a significant win for the crypto market, US Securities and Exchange Commission (SEC) Chair Gary Gensler has announced he will step down from his position on January 20, 2025, coinciding with the presidential inauguration of President-elect Donald Trump. This news has been met with optimism among crypto advocates, who view Gensler’s departure as a […]
In a step toward regulatory clarity for Bitcoin holders in China, a Shanghai court has issued an opinion stating that personal ownership of digital assets is not illegal under Chinese law. Personal Bitcoin Ownership Legal The opinion, articulated by Sun Jie, a judge at the Shanghai Songjiang People’s Court, was published on the official WeChat […]
On Wednesday afternoon, Bitwise Investment, a prominent asset manager and exchange-traded fund (ETF) issuer, submitted an S-1 form application for a spot Solana ETF to the US Securities and Exchange Commission (SEC) in the state of Delaware. This move positions Bitwise in the race for regulatory approval to launch an index fund that invests in […]
According to a Bloomberg report, President-elect Donald Trump’s transition team is considering the establishment of a new White House position dedicated exclusively to crypto policy. This development coincides with growing speculation about the inclusion of pro-crypto leaders in key positions within the new administration, as Trump’s advocacy for digital assets has been evident during his […]
Reflexivity squared: How Bitcoin ETF options could lead to explosive price movements.
The Bank for International Settlements (BIS) has revealed that institutional players dominate liquidity provision on decentralized exchanges (DEXs) like Uniswap, according to a Nov. 19 report, In a recent report titled “Decentralized Dealers,” the BIS analyzed the behavior of sophisticated and retail participants in Uniswap v3’s liquidity pools. The study examined their responses to market activities […]
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