Bitcoin has been celebrated as digital gold and a secure store of value with limited functionality, but Solana’s high-speed, low-cost blockchain is changing that narrative. By bridging BTC into SOL’s DeFi ecosystem, BTC gains instant settlement, programmable use cases, and access to lending, borrowing, and yield opportunities. The best form of Bitcoin is literally on Solana, citing the network’s ability to transform BTC from a static store of value into a dynamic, productive asset. Solana Sensei, the Founder of Sensei holdings and Namaste group, has highlighted on X that 66% of all wrapped Bitcoin (wBTC) traders are on the Solana network. He supports this claim with the reasons why people are choosing to hold and use their BTC on SOL. Why Solana’s Speed And Low Fees Change The Game Solana is extremely cheap in transactions, a stark contrast to the $5 to $50+ fees often seen on the Bitcoin or Ethereum networks for the same move. With transaction finality in approximately 400 milliseconds, BTC transfers on SOL become nearly instant, compared to the minutes or hours of waiting on other chains. SOL’s capacity to process 65,000 TPS allows it to handle BTC at an internet-scale without network congestion. Related Reading: Mike Novogratz Backs Solana As The Blockchain Of Choice For Financial Markets – Here’s Why Furthermore, Bitcoin becomes a programmable asset with deep integration into DeFi protocols like Jupiter, Raydium, Orca, Drift, and Kamino, enabling instant trading, lending, and use as collateral. Also, BTC becomes programmable in SOL DeFi, NFT, and RWAs, without the need for bridges across multiple chains. This integration transforms BTC into a dynamic, productive asset that can be used for lending, staking, and liquidity provision or structural products in ways that are not possible on the native BTC chain. BTC custody solutions, such as tBTC, sBTC, or the Wormhole BTC, combined with SOL’s high validator count and Jito MEV protection, are making it secure to use BTC on the network. Bitcoin on SOL pairs with USDC and USD1, which are the stablecoins that dominate settlement volume across all chains. With products like the SOL Mobile Saga and Seeker, there are instant BTC swaps and BTC payments on mobile. As the focus on SOL increases, the network is becoming a hub for ETFs and RWAs, with institutional flows ramping up. Meanwhile, Wrapped BTC on SOL will be directly plugged into that liquidity. Earning Native Bitcoin on Solana Through mSOL Analyst CPrinz, the on-chain Researcher, has revealed a new partnership between Marinade, SOL’s leading staking platform with 10 million and $1.7 billion in total value locked, and Zeus Network. Related Reading: Solana DATs Will Outpace Bitcoin, Says Multicoin Capital Co-Founder Specifically, the collaboration is designed to expand the utility of Marinade liquid staked SOL token, mSOL, by enabling users to earn native BTC on the SOL blockchain. Also, this partnership unlocks new opportunities across DeFi, marking a major step forward for cross-chain innovation. Featured image from Unsplash, chart from Tradingview.com
AFET tracks a group of decentralized AI protocols, while ARAY offers exposure to Solana-based decentralized exchange Raydium's token.
Solana’s DEX ecosystem has had a very active month, fueled by a spike in new token listings, surging volume, and PumpSwap’s growing grip over trading flows. While SOL retreated to just below $180 after peaking above $205, the spike in activity across DEXs suggests that the retail-driven memecoin wave primarily powered the turnover. However, the […]
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Solana-based DEX Raydium has cumulatively spent $190 million to repurchase 69 million RAY, the project noted.
Solana's top DEX Raydium has reponsed to Pump.fun's AMM launch by fielding a token creation terminal dubbed "LaunchLab."
Other Solana-based DEXs, such as Raydium, Meteora, and Whirlpool, are facing declining market share as Pump.fun's native DEX grows.
LaunchLab will three types of bonding curves that match demand and price for a token and will let third-party UIs set their fees.
Despite the current downturn, Pump.fun's overall impact since its January 2024 launch remains remarkable.
Crypto watchers noticed the popular Solana tool apparently testing its own AMM in early Monday hours, dampening sentiment for tokens of its existing exchange.
Pump.fun, a token creation platform, is apparently testing an AMM feature, which may reduce its reliance on Raydium’s infrastructure for trading.
It seems likely that the Solana “trenches” have been experiencing a euthanasia coaster of sorts.
Raydium (RAY) has had an exceptionally bullish week, surging over 62% in less than six days and capturing the spotlight in the decentralized exchange (DEX) market. This impressive rally has positioned Raydium as a market leader, with strong momentum that shows no signs of slowing down. The cryptocurrency recently cleared last year’s high, a significant milestone that further bolsters its bullish outlook. Related Reading: Solana Reclaims Monthly And Weekly Support Levels – Expert Sets $330 Target Top analyst BigCheds shared insights into Raydium’s performance, highlighting its relative strength in the market. According to BigCheds, the token’s ability to outperform in a volatile environment signals strong demand and solidifies its position as one of the top-performing DEX tokens. This bullish momentum is drawing increased attention from traders and investors who see the potential for even greater gains in the near term. Raydium’s breakout above last year’s high is a significant technical achievement, paving the way for further upward movement. With market sentiment turning increasingly positive and Raydium showcasing resilience and strength, the DEX is well-positioned to capitalize on its recent momentum. As it continues to outperform, many are watching closely to see just how high Raydium can go in this bullish phase. The coming days will be crucial for determining its next big move. Raydium Reaches Multi-Year Highs Raydium has made a significant move, breaking above the $6.5 mark just a few hours ago and continuing to push higher as the cryptocurrency market gains momentum. This breakout signals strong bullish sentiment for the token, as both technical and fundamental factors align to support further price appreciation. As the leading decentralized exchange (DEX) on Solana, Raydium’s growth and dominance within the ecosystem further bolster its long-term potential. Top analyst Cheds recently shared a technical analysis on X, emphasizing Raydium’s relative strength compared to other altcoins. According to Cheds, RAY’s ability to outperform in a volatile market environment highlights the strong demand driving its rally. The token’s decisive move above key supply levels is a bullish indicator that could pave the way for significant gains in the coming days. Beyond technicals, Raydium’s fundamentals remain robust, contributing to its strong performance. The DEX has cemented itself as a critical component of the Solana ecosystem, providing liquidity and facilitating seamless trading for a wide range of assets. Its expanding user base and consistent innovation reinforce investor confidence, making it a top choice for traders and liquidity providers alike. Related Reading: Dogecoin Leads The Pack As Dog-Themed Coins Rally – “Trump Effect” Sparks Excitement As Raydium builds on its momentum, clearing critical price levels and pushing higher, many investors are now targeting even loftier price points. If the market continues to heat up and RAY maintains its relative strength, the potential for a massive rally becomes increasingly likely. With its strong fundamentals and bullish technical outlook, Raydium is well-positioned to capture further gains, making it one of the most exciting altcoins to watch in this current market cycle. The coming days will be pivotal in determining how far RAY can go in this bullish phase. RAY Breaking Above Key Levels Raydium is currently testing levels not seen since 2022, signaling a remarkable resurgence in its price action. The token’s strong momentum suggests it is primed for further gains, with bullish sentiment dominating the market. However, a potential retest of the $6.5 level could be on the horizon, providing an opportunity for consolidation before the next leg up. As of now, RAY is holding above the critical $6.70 mark, a level that solidifies bullish control. Maintaining this support is crucial, as it underscores market confidence and sets the foundation for continued upward movement. If bulls can defend this level, the next logical target for RAY would be the $7 mark—a key psychological and technical resistance that, once cleared, could pave the way for even greater gains. Related Reading: Ondo Finance Funding Rate Signals Greed Among Investors – Sign Of Strength? Market sentiment around Raydium remains optimistic, with both technical indicators and fundamentals aligning to support its bullish trajectory. As the leading decentralized exchange (DEX) on Solana, RAY continues to benefit from strong utility and growing adoption, further reinforcing its appeal to investors. Featured image from Dall-E, chart from TradingView
The layer-1 network clocked nearly $3.8 billion in trading volume in the past 24 hours, according to DefiLlama.
Leading decentralized finance (DeFi) platform Aave has reached a significant milestone, hitting $35 billion in total net deposits. This marks Aave’s new all-time high (ATH) in net deposits since 2021. Aave Hits $35 Billion In Net Deposits – What’s Ahead? In an announcement made yesterday, the leading DeFi lending protocol Aave revealed that it had reached a new ATH in net deposits since 2021. With $35 billion in net deposits, Aave has solidified its position as the largest DeFi protocol at the time of writing. Related Reading: AAVE Price Soars 26% In A Single Week — Will Rising FOMO Lead To A Bust? To put this into perspective, Aave’s net deposits were $5.5 billion at the end of 2022, increasing to $10 billion by the close of 2023. The current figure of $35 billion at the end of 2024 reflects an astounding surge of over 535% in just two years. The year 2024 proved to be transformative for Aave, with the protocol experiencing heightened user adoption across multiple blockchains. Throughout the year, Aave added support for five new markets, including BNB Chain, Scroll, ZKsync Era, and Ether.fi. According to the announcement, Aave is poised to expand further by potentially adding support for six additional blockchains. These include Mantle, Sonic, Linea, BOB, Spider Chain, and Aptos, pending approval by the Aave decentralized autonomous organization (DAO). For the uninitiated, a DAO is a blockchain-based entity governed by smart contracts and decentralized voting, where decisions are made collectively by token holders without any central authority. DAOs enable transparent, democratic management of protocols in a trustless environment. In addition to expanding to new blockchain markets, Aave launched its latest protocol upgrade, Aave V4. This upgrade introduces significant improvements, such as enhanced modularity, reduced governance overhead, optimized capital efficiency, and innovative features like the Hub and Spoke liquidity architecture. Moreover, Aave’s decentralized, overcollateralized stablecoin GHO is set to witness increased adoption. Plans are in motion to expand its cross-chain support across various smart contract platforms, including Coinbase’s Base and Avalanche (AVAX), by early 2025. DeFi To Make A Comeback In 2025? Following Donald Trump’s victory in the November 2024 U.S. presidential election, DeFi tokens have experienced a significant surge, driven by optimism surrounding favorable cryptocurrency regulations under the new administration. Related Reading: Chainlink And AAVE Surge After Trump’s Crypto Project Invests In Both Additionally, DeFi protocols have become increasingly secure, fostering greater user trust and leading to higher deposit volumes and a larger total value locked (TVL). A recent report highlighted that DeFi exploits decreased by 40% in 2024 compared to 2023, signaling improved security across the ecosystem. In addition, Q1 2025 is expected to be bullish for Ethereum (ETH), the second-largest cryptocurrency by market cap, and home to the largest DeFi ecosystem. A positive price action for ETH is expected to benefit major DeFi tokens such as AAVE, Curve (CRV), Compound (COMP), and others. That said, the Solana (SOL) DeFi ecosystem is rapidly gaining traction and catching up with Ethereum in terms of adoption. This development could propel Solana-based DeFi tokens, such as Orca (ORCA) and Raydium (RAY), to reach new highs. At press time, ETH is trading at $3,461, up 4% in the past 24 hours. Featured image from Unsplash, chart from Tradingview.com
Solana-native Raydium beat Uniswap in decentralized exchange trading volumes in October and November, according to Messari.
A notable surge in activity puts analysts’ eyes back on Ethereum. Can the Ethereum network catch up to and surpass Solana?
Solana’s onchain and derivatives data suggest that SOL could make a run back toward its all-time high in the short term.
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
Solana’s fresh all-time highs were driven by investors’ memecoin mania and euphoria over Bitcoin’s strong rally. Can SOL hit a new high?
Everything but ETH seems to be rallying, even though Ethereum’s DApp volumes are surging. What gives?
Solana’s rally to $222 puts SOL price within 20% of its all-time high.
Solana continues to demonstrate its robust stance in the broader blockchain sector following a recent significant increase in on-chain activity, with transaction volumes and user engagement rising massively across its network. Generally, SOL’s market performance may benefit from this substantial growth, which could indicate persistent network scalability and health. On-Chain Transfer Volume On Solana’s Blockchain […]
XYO’s native token is now tradable against tokens, including SOL and USDC, on Solana-native decentralized exchanges Jupiter and Raydium.
Solana price hits $180 as Bitcoin storms toward a new all-time high. Data suggests SOL can go higher.
Raydium (RAY) is on a tear. Despite the usual volatility across all crypto assets, including blue-chip meme coins like Dogecoin and Pepe, the token is up 215% this year. Raydium Rallying But Traders Must Be Cautious Taking to X, the analyst maintains that RAY will likely continue rallying as long as Pump.fun, the meme coin launchpad on Solana, is token-free. RAY is within a breakout pattern at spot rates, easing past March and July highs and printing a new 2024 high in the process. Related Reading: GOAT Outpaces PEPE Growing To $900M Market Cap In 2 Weeks – Details As it is, not only did buyers force the token above these two major liquidation levels, but it impressively shook off the weakness of August and September, more than doubling from September lows in the process. As crypto sentiment improves, the odds of RAY edging higher for the better part of Q4 2024 will only increase. For now, traders expect the “uptober” to benefit altcoins the most. If Bitcoin, Ethereum, and Solana prices tick higher, breaking key resistances in the coming sessions, other quality DeFi tokens, including RAY, will find major tailwinds. Despite the confidence that Q4 of every trading year brings, Bitcoin has been moving sideways, struggling to breach $70,000. If there is an upswing, perhaps triggered by the outcome of the upcoming general election in the United States, RAY could extend gains in the process. Will A Pump.fun Token Slow Down RAY Bulls? The pace at which RAY expands, recouping losses of 2022, will also depend on other market factors, including meme coin activity on Solana. Additionally, traders will determine whether Pump.fun will launch their native utility and governance token. This is crucial because liquid tokens, surpassing the 69 SOL market cap threshold, are automatically listed on Raydium. Related Reading: Top Crypto Analyst Unveils Best Altcoins For The 2025 Bull Run Pump.fun is one of the most active platforms on Solana, aiding the minting of over 2.7 million meme coins on Solana. Due to this, the meme coin launchpad has generated over $152 million in fees, according at Dune Analytics. The eventual launch of a Pump.fun governance token will allow the platform to tap value, taking advantage of its valuation and virality. The team revealed plans to launch their token and a trading bot in a recent Twitter Spaces. As positive as this may be, there is no specific timeline for the token’s launch. A Pump.fun token could attract liquidity away from RAY, possibly dampening the DEX’s growth despite the Pump.fun-Raydium current relationship, investors will find the meme coin launchpad’s token more attractive, especially if it serves a useful purpose and allows holders to participate in governance. Feature image from DALLE, chart from TradingView
Solana generated some $8.7 million in economic value from network activity, up from just under $8 million one day prior, according to Blockworks Research.
Some top coins of Solana, Bitcoin, and even Ethereum are edging higher. However, while holders are barely up double digits over the past week, a meme coin trader on Solana is swimming in profits at spot rates. MooDeng Trader Turns $800 To $1.3 Million According to Arkham, a blockchain intelligence platform, the trader, who got in early, scooping $800 worth of MooDeng, a meme coin in Solana, has seen the investment swell to over $1.3 million roughly two weeks after buying. Related Reading: Analyst Warns Of Short Squeeze as Bitcoin Futures Market Heats Up The address, also the largest holder of the MoonDeng meme coin, had already seen the initial investment soar by over 500X by September 17, rising to nearly $400,000. However, a week later, that same investment is up, rising to $1.3 million on September 24. A glance at MooDeng’s price action shows that the token is inching higher. Notably, this superb performance coincides with a sharp change in fundamental factors following the interest cut by the United States Federal Reserve. Following the 50 basis point reduction, Ethereum, Solana, and Bitcoin have been firm, shaking off weakness. Specifically, the revival of Solana prices from September lows has been a reprieve for some of its ecosystem tokens, especially meme coins. Solana Meme Coin Ecosystem Recovering Over the last week, Solana has added nearly 11%, according to Coingecko data. The expansion has also seen the total market cap of Solana meme coins rise to $7.2 billion, adding 8% in the past 24 hours. Out of this, DogWifHat (WIF) is the largest meme coin on Solana, commanding a market cap of over $1.8 billion. However, the only other meme coin on this network with a market cap exceeding $1 billion is Bonk, at $1.2 billion. Related Reading: Bitcoin (BTC) On Track For ‘Strongest September Performance’, Is $90,000 Next? Interestingly, scanning through the top 50 meme coins on Solana, MooDeng, despite its performance, doesn’t feature. Currently, looking at Coingecko, MooDeng is up 48% over the last day, attracting a 24-hour trading volume of over $29.4 million. Gecko Terminal data shows over 9,800 holders, and each token is changing hands at around $0.06, translating to over $63 million in market cap. Even with the uptick in trading volume and prices, MooDeng is mostly traded on Raydium, a DEX on Solana. Feature image from DALLE, chart from TradingView
The total value locked on Solana has surged, but is this enough to send the SOL price to a new all-time high?
Tron’s total value locked (TVL) plummeted to a six-month low of $7.6 billion as TRX price rallied. Cointelegraph investigates.
SOL price rallied 5% today, but on-chain data raises doubts about whether Solana can overcome the barrier at $190.