Solana's stablecoin payments surged to a record $94 million, capturing 21% of the stablecoin payment market, driven by growing real-world adoption and institutional use. Meanwhile, spot Solana ETFs surpassed $1 billion in assets, though recent flows turned mixed amid broader market uncertainty. The network is also preparing a major consensus upgrade, 'Alpenglow,' aimed at boosting speed and scalability. Despite a cooling in speculative trading, Solana's shift towards payments and enterprise applications signals a maturing ecosystem with strong institutional interest.
Solana is currently testing a key support level near $75, which could lead to a recovery toward $80-$84 if held. Analysts highlight a potential long-term bullish cup-and-handle pattern forming since 2021, with a speculative target of $1,000 if multip...
In May, Solana blockchain saw a record $94.32 million in crypto card top-ups, marking its strongest performance in consumer payments. This surge highlights growing real-world use of Solana beyond trading, with cards from providers like KAST and Redot...
Ethereum spot ETFs attracted $103.9 million in net inflows last week, continuing strong institutional demand despite market volatility. In contrast, Bitcoin ETFs saw a sharp decline in weekly inflows to $33.79 million after heavy outflows midweek, wi...
Bitcoin and Ethereum prices declined by 2.24% and 1.62% respectively amid a 12.92% drop in crypto derivatives trading volume, indicating reduced risk appetite among traders. The broader crypto market saw losses across major altcoins, reflecting a def...
Ethereum exchange-traded funds (ETFs) led crypto fund inflows last week with $103.9 million, marking a third consecutive week of strong demand. Bitcoin ETFs saw declining inflows, dropping to $33.79 million amid two days of significant outflows. Mean...
