Solana (SOL), blockchain the so-called Ethereum killer making significant strides in the cryptocurrency market. Recent data from DeFiLlama reveals that Solana’s Liquid Staking Derivatives (LSDs) protocol has experienced an impressive surge in Total Value Locked (TVL) this year, signifying its growing prominence among top cryptocurrencies. Solana (SOL) TVL Surges Since
Solana (SOL) the so-called “Ethereum Killer” price, climbed more than 18% in the last 24 hours to reclaim its $19 range. At the time of writing, Solana price had surged over 13% in a week and 28% in the last 14 days to trade at $18.97. The SOL price rally
Ryón Nixon, a founding partner of leading blockchain law firm Horizons Law and Consulting, has tweeted that the SEC’s characterization of SOL as being “labeled as a security is inaccurate.” Nixon, who served as Solana’s genesis general counsel (but who no longer currently represents Solana Labs/Foundation). He issued the tweet
Binance and Coinbase, the leading cryptocurrency exchanges, are facing increased regulatory pressure as the US Securities and Exchange Commission (SEC) cracks down on them. Just recently, the SEC filed a lawsuit against these global cryptocurrency giants. SEC’s filings against Binance and Coinbase shake emerging ecosystem tokens SOL and MATIC. Market
Trading patterns provide valuable insights into the behavior of financial markets, helping traders identify potential opportunities for profit. One such pattern that has emerged on the daily time frame for the Solana cryptocurrency pair is the ascending channel. This pattern is characterized by a rising support line and a parallel
Solana (SOL) landed on the SEC’s list of cryptocurrencies labeled as ‘securities’ on Monday. In the wake of that, the SOL markets have entered their chaotic volatile phase. Defending a concrete stance, the Solana Foundation stated to CoinDesk that SOL, the native token of Solana, is not a security. Likewise,
Solana has witnessed an astounding surge in unique users, experiencing a 2x increase in just the past month. This significant growth can be attributed to the rising popularity of consumer-focused gateway apps that have captivated newcomers to the Solana ecosystem. Decoding the Surge According to Ally Zach‘s in-depth research analysis,
The latest data indicates a significant expansion in Solana’s (SOL) NFT ecosystem over the past week, with a notable increase in both the number of buyers and sellers involved in Solana NFT transactions. There is a surge of over 100% in both buyers and sellers of Solana NFTs. In addition
Investors in digital assets are experiencing a shift in sentiment as fund outflows increased in the week ending May 7, 2023. According to CoinShares’ latest digital asset fund flows weekly report, investment products saw outflows of $54 million, marking the third consecutive week of negative sentiment. Bitcoin was the primary
As the cryptocurrency market evolves, new and cutting-edge projects appear, offering investors chances for substantial returns. Early on April 17, major cryptocurrencies experienced mixed trading as the market cap of all cryptocurrencies increased by 0.10 percent to $1.27 trillion from the previous day. Over the past 24 hours, the total
