Solana leads in weekly stablecoin transfer volume
Solana’s stablecoin has seen a reversal in weekly transfer volumes as investors chase yield, airdrops and high returns amid the Memecoin craze.
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Solana’s stablecoin has seen a reversal in weekly transfer volumes as investors chase yield, airdrops and high returns amid the Memecoin craze.
Solana's token extensions bring exciting possibilities, and increased development activity aligns with positive market sentiment. The decline in TVL, while notable, doesn't overshadow Solana's resilience, setting the stage for an intriguing 2024.
Franklin Templeton expresses admiration for Solana, fueling speculation about a Solana ETF. The firm also showcases positive sentiment towards Ethereum's future developments in the evolving cryptocurrency investment landscape.
Solana has surpassed Ethereum in weekly stablecoin transfers, experiencing a 612% monthly increase. With an impressive $103.01 billion transfer volume, it leads in market capitalization and decentralized exchange trading, solidifying its dominance in the cryptocurrency landscape.
In 2024, Ethereum’s pledge rate will exceed 50%; Blast’s leadership will enable other L2 protocols and other similar protocols to generate native revenue; the data availability battle will begin and become one of the biggest narratives in 2024…
Solana's recovery and significant rise in value highlight its resilience and potential in the volatile cryptocurrency market.
Two key themes emerged: look at the fundamentals of a project, and expect market volatility.
The L1 has fallen on hard times -- can it bounce back?
Coming out of nowhere, the largest crypto exchange, Binance, announced the suspension deposit of USDC and USDT of the Solana network yesterday.
Daily RSI for SOL has remained below the neutral 50-level for most of the last month indicating a higher sell-side pressure in the market.