According to VanEck’s February crypto report, Solana’s decentralized exchange (DEX) volumes have shown resilience despite declining meme coin trading. The report shows that Solana’s trading activity briefly surpassed that of the Ethereum ecosystem, including its Layer 1 (L1) and Layer 2 (L2) networks. Solana Maintains High Trading Activity VanEck’s analysts revealed that the price of
Amid a notable downturn in the digital asset markets, blockchain developer activity has continued to rise, defying concerns that the ‘crypto market is dead.’ A recent report from Santiment highlights growth in development efforts across the top ten crypto ecosystems, with increases ranging from 11% to 26% in the past month. Increased Developer Activity According
There has been growing uncertainty and frustration among cryptocurrency traders following Bitcoin’s steep 10% drop within 24 hours. The sudden decline sparked widespread panic and anger across crypto-focused social media channels and has prompted concerns about a potential repeat of the 2022 bear market, according to Santiment’s latest insight. However, optimism briefly resurfaced over the
White House AI and Crypto Czar David Sacks has confirmed that he sold all his cryptocurrency holdings before taking up his role in the Trump administration. Some of the assets the official previously owned included Bitcoin (BTC), Ethereum (ETH), and Solana (SOL). Sack’s Announcement Responding to a Financial Times article shared by journalist George Hammond
Crypto traders are showing peak confidence in buying the latest market dip, but Santiment data suggests this optimism may be a prelude to more price drops. According to the on-chain analytics platform, discussions about “buying the dip” have reached their highest level in seven months, driven by Bitcoin’s plunge below $80,000. Looking for a True
Sonic, the first chain extension built on Solana, launched its Mobius mainnet today (February 27). The blockchain solution aims to extend Solana’s capabilities, enhance scalability, and provide a dedicated layer for high-volume decentralized applications (dApps). Mobius Goes Live According to a document shared with CryptoPotato, the Mobius mainnet will enable Sonic to serve as a
The cryptocurrency market is facing intense fear, uncertainty, and doubt (FUD), with sentiment around several top assets at extreme bearish levels. Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and Solana (SOL) have all suffered significant declines, pushing traders into panic mode, but history suggests a potential bottom may be near. Market Sentiment Hits Rock Bottom According
TL;DR Solana (SOL) fell below $140 amid a broad crypto correction, whale sell-offs, and other setbacks. Despite the drop, the asset’s oversold RSI (15.9) and market optimism signal a possible rebound and buying opportunity. The Potential Factors Solana (SOL) was at the forefront of gains at the start of the year, with its price soaring
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