Solana's blockchain network saw a record 4.244 billion transactions in July, driven by increased user engagement and demand for fast trades and DeFi applications. The network outpaced rivals like BNB Chain and Bitcoin in daily active users and on-chain transactions, highlighting its growing crypto market role. Despite this surge in activity, the SOL token price fell over the past month, indicating a disconnect between network use and market price. This suggests strong underlying momentum for Solana, though price direction remains uncertain.
Bitcoin is trading above $63,900, showing a modest gain of about 1.06%, while other major cryptocurrencies like Ethereum and Binance Coin show slight declines or gains. The market exhibits mixed performance with some altcoins like ADA and ALGO rising...
Bitcoin rose above $63,800 following the strongest US ISM Manufacturing PMI in over four years, signaling economic expansion without immediate inflation pressure. Oil prices fell sharply after the US called off strikes on Iran, easing geopolitical te...
In late July, Bitcoin ETFs experienced significant outflows totaling $326.7 million, coinciding with Bitcoin's price drop from around $64,000 to $62,556.58. Meanwhile, Ethereum and other altcoin ETFs showed stronger inflows despite similar price decl...
Two new Solana governance proposals, SIMD-0550 and SIMD-0553, seek to overhaul the SOL tokenomics by doubling the annual disinflation rate from 15% to 30% and increasing daily SOL burns from 650 to around 9,000 under high network activity. This could...
Bitcoin and major cryptocurrencies declined as AI and semiconductor stocks cooled, highlighting their linked risk exposure. Bitcoin dropped below $63,000 after a 3% fall, with Ethereum, Solana, and XRP also retreating. The dip followed a failed recov...
