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Pump.fun has generated approximately $162 million in revenue since its inception.
Solana-based Raydium clocked $3.4 million in fee revenue on Oct. 21 versus $3.35 million for Ethereum, according to DeFiLlama.
Ethereum co-founder Vitalik Buterin has outlined several solutions to combat increasing centralization risks in the Ethereum network's proof-of-stake mechanism, particularly focusing on block production and staking economics.
Today, on October 22nd, 2024, the crypto market saw a small drop, amid geopolitical tensions and electoral uncertainties in the United States. Meanwhile, the total value of all cryptocurrencies fell by 2.2%, down to $2.34 trillion.
Indian regulators are considering banning private cryptocurrencies like Bitcoin and prefer the potential of central bank digital currencies (CBDCs) to offer safer and more inclusive financial systems, according to local media reports. The government has consulted key institutions on the issue, and many favor prohibiting private cryptos.
Ethereum (ETH) trades above $2,600 after a 5% retrace from local highs around $2,750. Over the past two weeks, ETH has maintained a bullish trajectory, sparking optimism across the market as investors look for further signs of strength in the price action.
Bitcoin is finding support in the $66,500 to $65,000 zone and Bitcoin ETF inflows suggest traders are buying the dips. Will altcoins follow?
After a brief retracement, the Solana price has found support at the $163 mark and is currently trading at approximately $168. The cryptocurrency is again approaching a significant resistance level at $170, which has posed a challenge for the token over the past month.
Elmnts, a tokenized investments platform focused on building an on-chain commodities ecosystem on Solana, has announced its public beta. The platform's launch on Solana (SOL) provides accredited investors access to blockchain-based investment funds, backed by mineral rights royalties.
Ethereum (ETH) rose to a high of $2,758 before being pushed back. This is the fifth time Ether has tested the $2,800 resistance level.
For the past few weeks, Ethereum seems to be in full swing, capturing the attention of investors and analysts. A combination of technical and fundamental factors appears to be laying the groundwork for a spectacular rise.
The Solana network has significantly outpaced the Ethereum network in the recent past on web3 activities fueled by its meme coin space growth.
TL;DR Elmnts launches public beta, allowing accredited investors to access tokenized investment funds backed by mineral rights royalties. The platform is built on the Solana network and seeks to offer a secure and regulated approach to blockchain investments. Elmnts combines traditional investment expertise with the innovation of blockchain technology to create attractive financial products.
On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) marked another day of gains, pulling in $294.29 million in positive inflows. In contrast, ether ETFs saw a different story, losing $20.8 million across nine funds during the trading day. As Bitcoin ETFs Surge Again, Ether Funds See $20.8M in Outflows According to sosovalue.
What are Buterin's plans regarding Ethereum's infrastructure?
Solana's rising TVL and DEX volume highlight its growing influence in the blockchain space, potentially challenging Ethereum's dominance. The post Solana TVL reaches new peak since early 2022 appeared first on Crypto Briefing.
TL;DR Bitcoin has outperformed Ethereum this week, driven by a 14% increase following the Fed's rate cut. Institutional interest in BTC remains higher, with futures at record highs, while ETH faces slower adoption. Demand for ETH has declined, surpassed by altcoins and Layer 2 solutions that have shown better performance.
Elmnts officially went live on the Solana blockchain, offering tokenized investment funds tied to mineral rights royalties. The new platform offers a new investment avenue for retail and institutional traders to participate in high-yield assets with double-digit potential returns and low entry of $1,000 in investments.
Pump.Fun earns millions by creating memecoins on Solana, attracting new users and maximizing profits.
With growing interest in central bank digital currencies globally, India may move to ban private cryptocurrencies, positioning its digital rupee as the future of its financial ecosystem.
During Tuesday's Asian market session, the Solana price jumped 1.44% to trade at $168.6, while its market cap boosted to $79.04 Billion. This growth was driven by a bullish convergence across three key SOL charts: price trends, on-chain data, and derivatives metrics.
Amid increased price volatility, Bitcoin price has experienced a strong pullback over the past 24 hours. Following this, the Ethereum price has experienced a similar price action by facing rejection around its important resistance level of $2,800.
Energy market analytics company RBN Energy estimates that mineral and royalty interests amount to $700 billion.
Ethereum's active addresses have surged past 5 million across its mainnet and Layer 2 networks, highlighting the growing dominance of the platform.
The project is spinning out of Solana Labs and its new leaders want to turn a profit.
After an impressive breakout last week, Solana (SOL), a fast-growing layer one (L1) chain with dozens of decentralized financial (DeFi) protocols, has gradually gained bullish momentum. The large-cap altcoin, with a fully diluted valuation of about $98 billion and a daily average traded volume of around $4.
The platform has processed over $1.4 billion in trading volumes in the past 14 days, buoyed by an ongoing artificial intelligence-themed memecoin frenzy.
As general sentiments soar, Solana's institutional products have notched $2.4 million in inflows over the last seven days. Recent inflows into the asset funds follow anticipation for spot ETFs in the United States.
Pump.fun's fee account still holds over $47 million worth of Solana tokens, which could add more selling pressure.
Pump.fun's fee account still holds over $47 million worth of Solana tokens, which could add more selling pressure.
XRP price has been on the investors' radar, especially amid a flurry of developments surrounding Ripple. Amid this, a renowned figure in the crypto market predicts the crypto will rally to $16, potentially surpassing Ethereum in its run.
VanEck adds crypto staking rewards to its Solana ETN, enhancing investor returns and boosting Solana's adoption in Europe.
The VanEck Solana ETN (VSOL) offers investors the opportunity to gain exposure to the Solana (SOL) blockchain, which is known for its high-speed transaction capabilities and scalability for decentralized applications. The ETN is fully collateralized with Solana, with the underlying SOL held in cold storage at a regulated custodian.
Ethereum's recent rejection at the key resistance region of the 100-day MA level suggests a false breakout and a potential short-term correction. However, a break above this threshold could trigger a bullish surge toward $3K.
The cryptocurrency market is buzzing with activity as Shiba Inu (SHIB) recently posted an impressive 20% increase, discussions about a potential bull run. Meanwhile, Ethereum (ETH) is displaying some troubling patterns, and Solana (SOL) is hitting a critical resistance level at $160.
Over the past week, 7,728 Ethereum (ETH) tokens worth above $20 million at current market prices have been added to circulation. This has pushed the altcoin's circulating supply to a six-month high of 120.39 million ETH.
Bitcoin (BTC) and other cryptocurrencies suffered a setback, registering a substantial drop late on October 21 and early on October 22. BTC dropped over 2% over the past 24 hours, while Ethereum (ETH) dropped further and is currently down by 3.54% over the past 24 hours, losing the $2,700 price level.
Uniswap has surpassed 2 trillion dollars in volume processed on the Ethereum blockchain.
The US spot Ethereum ETF issuers reported a total net cash outflow of about $20.8 million on Monday, amid a notable whale sell-off on CEXs.
The current price of Ethereum (ETH) today is as of . Ether prices hit a daily high of today after sliding % on.
Pump.fun is drawing in record fees, cashing out through selling SOL, while also retaining some of the fees for staking.
The hardware wallet Ledger has just introduced native cross-chain swaps thanks to the latest integration of the THORChain network.
On-chain CryptoQuant analyst Burakkesmeci, states that the total amount of Ethereum (ETH) in accumulation addresses has jumped to over 19 million as of October 18, 2024. This represents a significant rise of 65% in the amount of Ethereum held in these wallets since the beginning of the year, reflecting growing investor interest in the asset.
VanEck has made staking available on its Solana exchange-traded note (ETN) in the European market.
Ethereum (ETH) has emerged as a standout player, with its number of accumulation addresses soaring from 11.5 million in January 2024 to a remarkable 19 million as of now. This surge indicates a growing faith among investors in Ethereum's long-term potential, marking a significant shift in sentiment as the market continues to mature.
Amid bullish predictions for the market's fifth-largest cryptocurrency, Solana (SOL), asset manager VanEck announced a significant upgrade to its Solana exchange-traded note (ETN), which now offers an automated staking feature, contributing to SOL's ongoing price recovery. New Staking Rules For VanEck's Solana ETN Matthew Sigel, head of digital asset research at VanEck, revealed that the Solana ETN, which trades under the ticker VSOL and currently has $73m in assets under management, will have rewards accrued and reinvested daily under the new staking rules, with the ultimate aim of attracting more investors and new capital.