Solana's perpetual futures open interest surged past $500 million following a major network upgrade on July 29, marking the highest level in about nine months and signaling renewed trader and institutional interest. Despite this increase in derivatives activity, the spot price remains around $73.64 with mixed short-term performance, while analysts watch a key $73.70 support level that could lead to a drop toward $50 if broken. Network improvements like the Firedancer validator integration and ecosystem expansions, including Rarible's NFT launch on Solana, add fundamental support. Additionally, governance proposals aiming to accelerate token burns and reduce inflation could impact Solana's supply dynamics and market sentiment going forward.
SkyAI, a company managing Solana treasury assets, is currently facing opposition from shareholders against the reelection of its board members. However, there are no verified details on the number of opposing shareholders, their reasons, or the outco...
On September 7th, Solana captured 67% of all memecoin trading volume across spot decentralized exchanges, nearly three times the 23% share held by Robinhood Crypto. This dominance reflects a long-standing trend, with Solana maintaining over 50% of me...
On September 8, XRP ETFs recorded $1.55 million in net inflows, standing out as the only crypto ETFs to attract new capital while Bitcoin, Ethereum, Solana, and Hyperliquid ETFs experienced outflows. Despite this daily lead, XRP's inflows are modest ...
The Solana Foundation has become a Platinum member of the Rust Foundation, committing $325,000 annually and gaining a dedicated board seat. This move formalizes Solana's long-standing use of Rust, the programming language that powers most on-chain pr...
XRP exchange-traded funds (ETFs) attracted $1.55 million in net inflows on September 8, contrasting with outflows from Bitcoin, Ethereum, and Solana ETFs. Bitcoin ETFs experienced the largest withdrawals at about $46.65 million, followed by Ethereum ...
