Solana

Tron (TRX) beats Solana (SOL) in daily active users, showing a 50% increase, while SOL lags with fewer than 1 million daily active addresses. Despite Tron’s higher Total Value Locked (TVL), Solana recovers faster in TVL trends, with SOL showcasing more pronounced uptrends. Tron (TRX) network has recently overtaken Solana (SOL) in daily active addresses, marking a significant milestone in the ongoing competition among blockchain platforms. Coin98 Analytics data reveals that Tron Dao has emerged as the platform with the…

The post Solana Surpasses Ethereum in Total Economic Value appeared first on Coinpedia Fintech News Solana has outpaced Ethereum for the first time in its history, as its Total Economic Value (TEV) has surpassed Ethereum. According to Blockworks Research, Solana generated $2,248,681 in TEV, surpassing Ethereum’s $1,977,416. TEV is used to analyze the utility and adoption of a blockchain network. However, critics argue that comparing Solana’s TEV with Ethereum’s without considering Layer-2 (L2) solutions is misleading. L2 solutions are designed…

The post Solana DEX Cypher Developer Admits to Stealing and Gambling Funds appeared first on Coinpedia Fintech News Cypher, a decentralized exchange on the Solana blockchain, faced a security breach in August 2023, resulting in a nearly $1 million loss. Developer Hoak confessed on May 14, 2024, to stealing approximately $315,000 from Cypher’s funds and gambling them away. In his public statement on X, Hoak admitted to similar misconduct several times. This revelation compounds the challenges faced by Cypher after…

CoinGate has confirmed the integration of Solana (SOL), offering seamless merchant transactions. The new development could promote Solana’s adoption to new levels, helping drive demand and prices higher. The Solana (SOL) community is celebrating a new milestone after CoinGate announced the integration of SOL for seamless merchant transactions. Amid growing investor and trader interest, SOL is enjoying numerous partnerships and integrations, helping drive demand to the coin and corresponding network. We have integrated the @Solana network into our payment gateway!…

Mike Novogratz, the CEO and founder of Galaxy Digital, shared his insights on the current state of the cryptocurrency market. According to Bloomberg, Novogratz predicts that Bitcoin (BTC) will likely remain within a relatively narrow trading range for the current quarter as the adoption of cryptocurrencies in traditional finance continues to evolve. Stagnant Crypto Market Per the report, Novogratz described the current phase in the crypto market as a consolidation period. He emphasized that Bitcoin, Ethereum (ETH), and other cryptocurrencies, including…

The post RCO Finance (RCOF) Challenges Solana: Which is the Best in Scalability and Speed? appeared first on Coinpedia Fintech News Despite Solana’s downward trend, RCO Finance (RCOF) offers promising investment opportunities to make profits and diversify their portfolios. Over the past seven days, Solana’s (SOL) value has dipped by about 5.6%.  This decline can be attributed to a massive sell-off, with many Solana (SOL) holders pulling out their profits and shifting to promising opportunities. Rather than wait for green…

The post Solana and Shiba Inu Rebound as Furrever Token Draws in Investors with $20,000 Competition appeared first on Coinpedia Fintech News In the realm of digital assets, the day dawned with Solana and Shiba Inu staging impressive comebacks, breathing optimism into investors and enthusiasts. Meanwhile, Furrever Token seized the spotlight, alluring a wave of new participants with its distinct charm and an enticing $20,000 competition. This convergence of events injected a renewed sense of dynamism into the cryptocurrency sphere,…

The crypto market is increasingly moving away from Solana (SOL) and Ethereum (ETH) meme coins. Instead, traders are switching focus to coins with utility as utility season beckons. In the lead of such a shift is Rollblock (RBLK) – a Stage 1 presale star that many analysts hint to become the next $1 break out crypto star in 2024. Solana (SOL) Reveals Arcium Solana (SOL) has recently been making waves in the crypto market. Notably, Solana announced that the first parallelized…

Solana’s meme coin market is thriving, constantly seeing new additions to the growing ecosystem. Whether a Solana based project has been listed on DEX or CEX, or is still in the presale stage, it’s common to see them attracting massive attention and capital while the Ethereum chain has been comparatively quiet as ETH/BTC keeps bleeding, and SOL/ETH has been on the rise since January 2023. With that being the case, here are the 10 best Solana meme coins you might…