Robinhood has thrown its crypto caution out the window following Donald Trump's victory earlier this month, adding yet another meme coin.
Over $116 billion worth of decentralized exchange (dex) trades have been placed on the Solana network in November. Record Volume for Solana DEXs As of Nov. 25, Solana's monthly trade volume on decentralized exchanges (dexs) surpassed $100 billion for the first time. The network's dex trade volume so far in November has reached $116.
Some of the new offerings will be available to users from November 26.
The world of decentralized finance (DeFi) has witnessed a new milestone: the monthly volume of Solana-based DEX (Decentralized Exchange) has surpassed 100 billion dollars for the first time, reaching the impressive figure of 109 billion dollars in November 2024.
Raydium dominates Solana's DEX landscape, capturing over 63% of weekly trading volume. The post Solana DEXs Hit Record $100B Monthly Trading Volume appeared first on Cryptonews.
TL;DR Digital asset investment products saw record inflows of $3.13 billion in one week. Bitcoin led the inflows with 3 billion, while Solana stood out among altcoins with 16 million. Europe experienced capital outflows, while the United States, Canada and Hong Kong showed strong interest.
TL;DR Solana surpassed $100 billion in monthly DEX trading volume for the first time, reaching a total of $109.8 billion in November. Factors such as the memecoin frenzy and low transaction fees have driven its remarkable growth, doubling Ethereum's volume. The network also stands out with 107.
Michael Sonnenshein and Kevin Weil will help bolster Aptos's growth in artificial intelligence, institutional adoption and other endeavors.
Michael Sonnenshein, the former CEO of Grayscale Investments, has joined Aptos Labs as an adviser alongside OpenAI's chief product officer, Kevin Weil. Aptos Labs said it will harness Sonnenshein's knowledge to bring more traditional financial institutions to the network.
Major cryptocurrency exchange Binance has announced the inclusion of six new listings, focusing on Hedera, Solana, meme coins and other tokens. This move is part of Binance's continued attempts to diversify its offerings and cater to the evolving interests of its users.
The weekend's correction might have finished, according to CoinStats.
Solana has surpassed the $100 billion threshold for monthly decentralized exchange trading volume for the first time in crypto history. Throughout November 2024, Solana(SOL) DEX volume reached $109.
$2.9M in $PYTH stolen via zero-transfer phishing on Solana. Scammers swapped stolen $PYTH for $SOL, consolidating stolen funds.
Pump.fun, the decentralized memecoin generation and promotion platform on Solana, is experiencing a rise in live-streaming NSFW content as memecoin creators incorporate adult-themed material into their tokens. The platform, launched in Jan. 2024, enables users without coding skills to create and trade memecoins swiftly, contributing to its rapid growth.
Bitcoin (BTC) stalled after coming within touching distance of $100,000 as the cryptocurrency reached a peak of $99,655 before declining to its current level. BTC is marginally down over the past 24 hours but registered a substantial decline over the weekend and dipped to a low of $95,816 late on Sunday before recovering.
The Solana network reported over $109 billion in decentralized exchange (DEX) trading volume for November 2023, marking the first time it has surpassed the $100 billion threshold.
Solana's monthly DEX volume surpasses $100 billion for the first time, fueled by high network activity and the memecoin frenzy.
Non-fungible tokens are gradually rebuilding momentum with MANA and SAND now soaring to new weekly highs.
The latest fraud incident in the Solana ecosystem is phishing in the form of apparently legitimate signature requests according to Scam Sniffer, a web3 anti-scam firm. The problem originates from Solana's fast transaction speed because it leads to a divergence between emulated wallet states and real-world states.
Solana price has witnessed a significant surge this month, reflecting robust bullish momentum as the broader cryptocurrency market rallies. SOL's price climb has captured market attention by breaking multiple resistance levels, with analysts speculating a potential breakout on the horizon.
As Solana-based memecoins continue to gain traction, the famous Solana-based memecoins platform Pump.fun has found itself in a controversy involving its livestream feature, which is showcasing disturbing content that threatens to damage the industry's credibility.
Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic disputes. Here is a summary of the most notable news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.
Bitcoin ETFs experienced record inflows of $3.12 billion last week, while Solana outpaced Ethereum with $16 million in inflows, according to CoinShares.
From all indications, Solana looks to be showcasing a growing dominance in the blockchain space.
On November 23, Solana's (SOL) price hit a new all-time high, sparking speculation that the altcoin could rally as high as $300. While that did not happen, recent data shows that Solana traders are betting on a rebound.
This will allow people to share, trade, and launch memes between two of the fastest blockchain networks: Solana and Injective. This makes it easier than ever to move memes between these two chains with just one click.
Solana's price has broken above $240 and shows continued strength with multiple technical indicators supporting further upside potential, while maintaining strong support levels.
The monthly fees from pump.fun and Raydium also recorded all-time highs in November as the memecoin frenzy continues.
Solana (SOL), the fourth-largest cryptocurrency by market capitalization, has captured the attention of traders and investors alike after reaching its all-time high (ATH). While the price has recently been consolidating near this peak, technical indicators and market sentiment suggest that Solana could be poised for a significant upward move.
A recent US District Court ruling on Lido DAO has sent ripples through the cryptocurrency world, profoundly impacting decentralized autonomous organizations (DAOs). On November 18, 2024, Judge Vince Chhabria of the Northern District of California classified Lido DAO, a prominent DAO in the crypto market, as a general partnership under California law.
MANA, Decentraland's native cryptocurrency, has seen an impressive 70% price increase over the past week. This MANA crypto price surge is part of a broader rally in Metaverse-related tokens, which has caught the attention of the market.
Sui (SUI) dominates the upcoming cliff-based token unlocks this week with 64.19 million tokens valued at $213.77 million, representing 2.26% of its circulating supply. The protocol leads a fleet of unlocks scheduled between November 25 and December 2.
With the broader market recovery, the altcoin segment has been set ablaze. In this heating demand, the Metaverse tokens are making a comeback. With Decentraland and Sandbox tokens surging nearly 200% in the past three weeks, the bull run is aiming for an extended rally.
Despite the sudden increase in volatility in the crypto market, as Bitcoin struggles to eclipse the $100,000 barrier, the altcoins are sustaining a bullish trend. The FTM price has increased nearly 35% over the past 7 days and has reached a market cap of $2.7 billion.
The non-fungible tokens (NFTs) sector has seen prolonged underperformance as trends such as meme coins, RWA, and AI dominate the cryptocurrency marketplace. However, the emerging bull run, where Bitcoin stares at the $100,000 milestone, has invigorated each sector. CryptoSlam data shows NFTs performed well over the past few sessions.
For quite a long time, NFT space remained under shadows as the newly created space has dominated the crypto markets. Moreover, the rising interest of the market participants in memecoins had prevented the other segments of the crypto space to thrive.
As Bitcoin (BTC) closed the third consecutive week in the price discovery phase, the altcoin space gained significant bullish sentiment. During the past week, the altcoin market – led by Stellar Lumens (XLM), Decentraland (MANA), and The Sandbox (SAND), among others – registered palpable gains.
Solana started a fresh increase above the $240 zone. SOL price is consolidating gains and might aim for an upside break above the $255 resistance.
As whale activity increases and the price approaches crucial resistance levels, Dogecoin has been garnering a lot of attention. Market conditions point to the potential for another wave that aims for the eagerly awaited $1 mark following a robust rally that lifted the meme coin above $0.5.
After reaching an all-time high, where could SOL go next? Let's find out.
The NFT market showed resilience in the past week, with overall sales holding steady despite a slight drop. Solana maintained its position as the third-largest blockchain for NFT sales, recording $23.9 million in weekly transactions.
This week's 'top cryptocurrencies to watch' are all from the gaming market segment: Sandbox, MANA and Axie Infinity.
Lido is one of the most important liquid staking protocols within the Ethereum ecosystem. Its model allows users to earn rewards from staking Ethereum (ETH) without losing liquidity, through the use of liquid tokens such as stETH and wstETH.
Solana (SOL) has recently been making headlines with a major whale purchase of 100K tokens, valued at a significant $23.86 million. This acquisition has raised questions about whether Solana's price could see a continued surge, potentially reaching the $400 mark.
As the regulatory and market dynamics change in favor of digital asset products, the launch of a Solana ETF soon seems to be on the horizon. Equity exchange Cboe BZX on Thursday filed four applications for spot Solana ETFs, with proposals from VanEck, 21Shares, Bitwise Asset Management and Canary Capital.
Solana's (SOL) price clinched a new all-time high of $264.39 during the trading session on November 23. Its price has since witnessed a 3% correction, causing the popular altcoin to exchange hands at $255.12 as of this writing.
Investor and crypto bull Dan Tapiero says that the rise of thousands of new memecoins in the digital asset space is laying the groundwork for traditional finance to adopt blockchain.
Major asset managers, including VanEck, Bitwise, and 21Shares, have filed applications for spot Solana ETFs.