Solana has seen significant growth in its decentralized exchange (DEX) volume, surpassing Ethereum in July. With $55.8 billion in transactions, Solana outpaced Ethereum’s $53.8 billion, marking its second-highest monthly volume to date. This surge can be attributed to platforms like Raydium, Orca, and Phoenix, which have contributed to the network’s success. Despite Solana’s impressive volume
Ethereum
As the world stock markets experience turmoil, the cryptocurrency market has not been spared from the volatility. Ethereum, one of the leading cryptocurrencies, faced a 3% loss this week. The price of Ethereum plummeted below the $3,300 mark, with buyers struggling to reclaim this significant support level. Currently, the support has shifted to $2,800, and
The decentralized finance (DeFi) sector has been making a comeback, with key metrics such as active loans and total value locked (TVL) showing growth from their lows in 2023. DeFi lending, which allows investors to lend their crypto assets in exchange for interest, plays a crucial role in indicating the participation and health of the
Coinbase, a leading cryptocurrency exchange, reported impressive total revenue of $1.449 billion for the second quarter of the year. This figure surpassed the market consensus estimate of $1.396 billion, showcasing the company’s strong financial performance. Compared to the same period last year, Coinbase saw a significant increase in total income, with a jump from $674.1
The recent data on Ethereum ETFs in the US paints a mixed picture, with net outflows totaling $77.21 million for the nine spot ETFs. The Grayscale Ethereum Trust (ETHE) experienced a significant outflow of $133.33 million on July 31st, further highlighting the ongoing trend of investors pulling their funds out of this particular ETF. Since
The recent revised predictions for Ethereum have set the crypto community abuzz, with market experts touting incredibly bullish outlooks. One such expert, Ethereum maximalist Adriano Feria, boldly claimed on social media that Ethereum could potentially skyrocket to a staggering $100,000. This optimistic forecast was in response to another Ethereum developer, Eric Conner, who initially predicted
The cryptocurrency market has been experiencing heightened volatility recently, leading to fluctuations in investor sentiment. Bitcoin (BTC) saw a drastic price increase to nearly $70,000 on July 29, only to drop below $66,000 the next day, currently trading around $66,300 according to CoinGecko’s data. This correction was further exacerbated by the news of the US
Doodles has recently announced the launch of their Super Pass for DoodlesTV on Coinbase’s Base, an Ethereum layer-2 scaling network. This marks a significant step in Doodles’ transformation from a collection of NFTs to a multi-faceted Web3 entertainment company. DoodlesTV, the latest addition to The Stoodio at the Doodles site, leverages Web3 technology to revolutionize
21Shares, a subsidiary of 21Shares AG, has recently announced the integration of Chainlink Proof of Reserve on the Ethereum mainnet. This integration is aimed at improving the transparency of the Ethereum reserves that back the 21Shares Core Ethereum ETF (CETH). The ETF is physically backed by Ether and tracks its performance, providing investors with a
BlackRock, a financial giant, has recently made it clear that they do not have any immediate plans to launch a Solana (SOL) ETF. This decision comes despite the overwhelming success of their Bitcoin and Ethereum spot ETFs that were introduced earlier in the year. The company’s Chief Investment Officer, Samara Cohen, mentioned in an interview