Solana has become the dominant platform for trading foreign tokens, capturing nearly 40% of decentralized exchange (DEX) activity, surpassing Hyperliquid in spot trading volume. Its fast transaction speeds and low fees attract traders, especially for new token launches like Monad’s MON, where Solana handled twice the volume of Hyperliquid in the first week. While Hyperliquid remains strong in perpetual contracts, Solana's broad liquidity and user base make it the preferred venue for spot trading of tokens from other blockchains. This trend enhances Solana's value as a high-speed settlement layer, potentially increasing network activity and fee revenue.
Solana's price remains stuck below $100 despite record-breaking network activity and a surge in stablecoin transactions, highlighting a disconnect between strong fundamentals and price performance. The token has traded in a tight $80-$90 range for mo...
Pump.fun, originally a Solana-based memecoin launchpad, now supports trading across multiple EVM-compatible chains like Ethereum, Base, and BNB Chain using SOL as the universal currency. Users can trade without managing gas tokens or bridging assets,...
Pump.fun has expanded its trading platform to support multiple EVM-compatible blockchains including Ethereum, Base, and BNB Chain, allowing users to trade across these networks using SOL as the settlement currency. This eliminates the need for bridgi...
The Solana ecosystem is experiencing strong growth driven by the Bitwise Solana Staking ETF, which has attracted nearly $1 billion in cumulative net inflows. This institutional demand is boosting liquidity across Solana protocols, increasing total va...
Markets reacted positively to President Trump's announcement of a potential Middle East peace agreement, causing oil prices and bond yields to fall sharply. This decline helped boost stocks, with the Nasdaq rising 1.4% in early trading. Chip stocks l...
