The use of cryptocurrency for payments has seen significant growth, as evidenced by Binance Pay’s expanding user base and transaction volume in 2024. According to data provided by Binance and analyzed by CryptoQuant, the number of Binance Pay users tripled from the previous year, reaching 41.7 million. This rapid adoption highlights the increasing role of
The Solana blockchain has come under fire, with critics calling it a breeding ground for speculative assets. However, Helius Labs CEO Mert Mumtaz argues that the chain is being unfairly blamed for trends that exist across all networks. The Meme Coin Scourge Solana’s recent surge in activity has been largely fueled by meme coins, including
Over the past few weeks, the crypto community has witnessed the unveiling of several events and incidents; however, only a select few have dominated the discussions across social media. The market intelligence platform Santiment has outlined cryptocurrencies that are seeing the highest rises in social media discussions compared to their normal average rates, and they
Solana (SOL) has been downtrending and retracing heavily over the past month. The asset has declined 40% since its Jan. 19 all-time high of $293, and the trend seems set to continue as meme coin mania fades. Moreover, SOL is down a further 8% on the day, falling below $170 for the first time since
Solana DEX’s trading volume dropped to $2.61 billion on February 16, continuing its downward trajectory and reaching its lowest level since mid-December. While Raydium’s volume plunged by over 45% and Orca’s fell by nearly 30% in the past week, Meteora bucked the trend with an 18% increase. According to the data compiled by DeFiLlama, Solana’s
There has been a sharp reversal in digital asset investment trends as outflows reached $415 million after 19 consecutive weeks of inflows post-US election. During this period, inflows totaled $29.4 billion, significantly outpacing the $16 billion amassed in the first 19 weeks of US spot ETF trading since January 2024. CoinShares Head of Research James
Sonic SVM, the first chain extension for Solana, has launched its $1 million Mobius Hackathon, inviting developers to build decentralized applications (dApps) on its gaming-optimized platform. The event, which begins on February 17 and runs until March 14, aims to accelerate innovation across multiple blockchain verticals, including gaming, decentralized finance (DeFi), and artificial intelligence (AI).
Binance Coin (BNB) has overtaken Solana (SOL) in market capitalization, solidifying its position as the fifth-largest cryptocurrency in the market. This shift comes in the wake of a strong price rally for BNB, while Solana struggled with recent declines. BNB Up, Solana Down At the time of this writing, BNB’s market cap stood at $102.9
Out of the 82 tokenized projects that emerged from the Solana AI Hackathon, only 27 have managed to sustain a market cap above $1 million. The latest figure revealed a sobering statistic that highlights the brutal reality of this fast-moving sector. Market Chaos Hits AI Tokens According to Nansen’s latest findings, the biggest winners were
Bloomberg ETF analysts James Seyffart and Eric Balchunas have released their latest approval odds for spot altcoin exchange-traded funds (ETFs) in 2025, with Litecoin emerging as the strongest contender. Seyffart believes that the Litecoin ETF has the highest probability of approval since the U.S. Securities and Exchange Commission (SEC) does not classify it as a