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Donald Trump's election win resulted in a series of bullish events and the biggest Bitcoin price rally. However, the hype subsided soon after that, and the investor sentiments turned bearish, and cryptocurrencies crashed.
The ORCA token of Solana DEX Orca has seen a significant price surge following Upbit exchange's recent listing. Notably, the ORCA price skyrocketed by a staggering 170%, hitting the highest point this year.
A surge in DEX token prices coincided with the launch of the so-called “official” Trump meme coin on Solana. Solana DEX tokens like Raydium, Jupiter, and Orca prices were among the top gainers in the hours that followed.
The crypto market has been trading mixed lately, but amidst the chaos, Solana has emerged as a standout performer. Over the last 18 months, Solana has consistently outpaced other blockchains, even surpassing Ethereum in several key metrics.
Very interesting trends in the prices of some altcoins.
Solana's decentralised exchanges (DEX) were the leading platforms on Saturday as investors and traders pumped Book of Meme, the new hot cryptocurrency. Data compiled by CoinMarketCap shows that Jupiter's volume jumped to over $3.2 billion in the past 24 hours, its biggest on record.
Solana is gaining market share in all key blockchain industries like Decentralized Exchanges (DEX), gaming, and Decentralized Public Infrastructure (DePIN). In this case, it has become the biggest layer 1 competitor to Ethereum, which has long dominated these industries.
The total value locked (TVL) in DeFi has surpassed countries' GDPs with more than $52 billion invested.
Raydium's (RAY) and Orca's (ORCA) were among the best-performing cryptocurrencies on Friday as their remarkable rallies gained steam. RAY jumped to a high of $0.95, its highest point since August 2022. Similarly, ORCA token surged to an all-time high of $8, which was over 1,821% above its lowest point this year.
Orca, the biggest decentralised exchange (DEX) on Solana, is thriving as demand for tokens in the ecosystem surge. Data compiled by CoinMarketCap (CMC) shows that the volume in its ecosystem has jumped sharply in the past few months. The data reveals that the exchange handled over $113 million in the past 24 hours.
Orca, a leading decentralised exchange (DEX) in the Solana ecosystem, is gaining market share in the industry. Data compiled by CoinMarketCap shows that the trading volume in the ecosystem jumped to over $132.5 million, giving it a 4.4% market share in the industry. Orca is the fourth biggest DEX after dYdX and Uniswap v3.
The leading decentralized exchange on the Solana (SOL) blockchain, Orca, will prohibit users from the United States from trading coins on its front-end website effective March 31.
From March 31, Orca, the main decentralized exchange on Solana, will ban transactions to American customers.
Prominent Solana DEX Orca has partnered with Stripe to enable direct crypto purchases with fiat.
Solana users can now buy crypto directly with fiat through Orca.
Users will now be able to make fiat purchases for tokens such as USDC and SOL via an onramp built inside Orca using Stripe's fiat-to-crypto system.
