Solana's price remained above a crucial support level despite a slight dip, supported by $5.75 million in net inflows into U.S.-listed spot Solana ETFs, contrasting with outflows from Bitcoin and Ethereum funds. Solana ranked second in global spot trading volume and saw its weekly non-vote transactions surpass one billion for the first time, indicating strong network usage. Rising active users, robust decentralized app revenue, and bullish technical indicators suggest Solana's recovery is ongoing, with key support levels around $76-$78 expected to hold unless significant selling pressure emerges.
VanEck has submitted a proposal to the U.S. Securities and Exchange Commission (SEC) for a Solana-based spot ETF through the Cboe exchange. This move formally introduces Solana into the competitive landscape of U.S. cryptocurrency spot ETFs, which ha...
Solana (SOL) is experiencing increased network activity and user growth, with over 1.6 million new addresses added recently and $120 million worth of SOL withdrawn from exchanges, indicating rising demand. While SOL struggles to surpass the $100 pric...
Solana's weekly active users surged from 16.8 million to 29.7 million, a 77% increase driven by activity around the memecoin ANSEM. This growth highlights Solana's leading position in blockchain on-chain activity, surpassing competitors like Tron and...
Bitcoin surged to around $62,800 after dropping below $58,000 earlier in July, signaling renewed confidence in the crypto market and easing concerns of a deeper fall to $50,000. Ether also recovered to about $1,760 following a recent dip. While major...
Solana saw a surge of 1.6 million new addresses in two weeks, signaling stronger network activity and ecosystem growth. This increased participation supports a positive market outlook as SOL maintains its short-term uptrend, holding key support level...
