Solana's price fell 8.31% from $110.50 to around $100.40 since August 26, yet the network shows strong growth with 9.5 million new wallet addresses daily. Institutional investment remains robust, with US Solana ETFs seeing seven weeks of inflows totaling about $120 million. Large holders increased, reducing circulating supply, while on-chain activity hit record highs. A governance proposal doubling disinflation passed, potentially tightening supply and impacting staking rewards. Despite the price dip, Solana's fundamentals and adoption indicate potential for future gains.
On August 31, Robinhood Chain achieved a record $989 million in decentralized exchange trading volume and $708 million in total value locked, nearly doubling from the previous month. Its daily app revenue reached $2.66 million, exceeding Ethereum and...
Aquifer, a Solana-based automated market maker, suffered a $2.5 million loss due to an exploit involving compromised wallets on both Solana and Ethereum. The protocol has offered the attacker a 20% whitehat bounty if at least 80% of the stolen assets...
CME Group introduced two new multi-asset cryptocurrency benchmarks: the CME CF Emerging Crypto Index, which tracks 10 major tokens excluding Bitcoin and Ether, and the CME CF Crypto Market Index, which includes Bitcoin and Ether alongside 10 other la...
Aquifer, an automated market maker on the Solana blockchain, was attacked resulting in an estimated $2.5 million loss. The exact method of the exploit and affected assets remain unclear, and the loss figure has not been fully verified on-chain. This ...
U.S. spot Solana ETFs recorded $925,000 in net inflows in a single trading session, indicating steady but modest demand for regulated Solana (SOL) exposure. This inflow suggests that subscriptions to these ETFs outpaced redemptions, reflecting positi...
