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news-imageNovember 6, 2024

Solana Takes 4th Place Among Top Cryptos, Surpassing BNB's Market Cap

TL;DR Solana (SOL) has surpassed Binance Coin (BNB) to become the fourth-largest cryptocurrency by market capitalization, with Solana's market cap at $86.8 billion compared to BNB's $83.1 billion. Solana's growth is driven by increased on-chain activity and higher transaction fees, with its decentralized exchange Raydium generating over $3 million in fees within 24 hours.
Publisher: Crypto Economy
Sentiment: Positive
BNB
SOL

More News Articles

Positive
cover-imageBeInCrypto
November 6, 2024

8 Promising Solana Airdrops to Watch

As Bitcoin hauls altcoins further north in the wave of US election euphoria, crypto airdrops provide investors with low-bar entries into early-stage projects without any initial investment.

Positive
cover-imageCoinPedia
November 6, 2024

This Meme Coin To Lead The Solana Bull Run In Q4 2024?

As the Bitcoin price achieves a new all-time high (ATH) during the early Asian trading hours, the memecoin category has taken over the crypto market by storm. Moreover, the Bonk price has secured its position in the top gainers list by breaking out of its crucial level.

Positive
cover-imageThe Currency Analytics
November 6, 2024

Ethereum's Influence in Solana's Booming Liquidity: A Cross-Chain Revolution

Solana's blockchain ecosystem has recently experienced a remarkable surge in liquidity, with more than $600 million bridged into the network in October 2024 alone. What's even more striking is that over 90% of this influx came from Ethereum (ETH), highlighting a growing trend of cross-chain collaboration and the shift toward Solana as a low-cost, high-speed alternative in decentralized finance (DeFi), NFTs, and other blockchain applications.

Positive
cover-imageThe Currency Analytics
November 6, 2024

Solana Attracts Institutional Investment Amid U.S. Election, But $161 Resistance Remains Crucial

The U.S. election heats up, cryptocurrency markets are experiencing a surge in volatility, but one altcoin in particular—Solana (SOL)—has been attracting significant institutional attention. In fact, Solana's price movements are starting to reflect a broader sense of optimism from major investors, with $5.7 million in institutional inflows recorded just recently.

Positive
cover-imageThe Currency Analytics
November 6, 2024

Ethereum Surges Ahead of Solana in Institutional Fund Flows Amid US Election Volatility

Ethereum (ETH) products saw a significant turnaround this week, with $9.5 million in inflows, reversing its recent streak of outflows and surging ahead of Solana (SOL) in the race for institutional investment. According to a report from Coin Shares on crypto fund flows, Ethereum's momentum gained ground amidst macroeconomic uncertainty, largely driven by the ongoing political events surrounding the U.S. Presidential elections.

Positive
cover-imageCryptonews
November 5, 2024

Helio Pay Leverages Solana's Power to Expand Crypto Payments on Shopify

Helio Pay has expanded its Solana Pay integration on Shopify, enabling merchants to accept a wider range of cryptocurrencies, including Bitcoin and Ethereum, while streamlining transaction management and enhancing payment flexibility for customers. The post Helio Pay Leverages Solana's Power to Expand Crypto Payments on Shopify appeared first on Cryptonews.

Positive
cover-imageBitcoinist
November 5, 2024

Solana's Network Usage Skyrockets: On-Chain Transfer Volume Reaches New Height

Solana continues to demonstrate its robust stance in the broader blockchain sector following a recent significant increase in on-chain activity, with transaction volumes and user engagement rising massively across its network. Generally, SOL's market performance may benefit from this substantial growth, which could indicate persistent network scalability and health.

Negative
cover-imageBitcoinist
November 5, 2024

Spot Solana ETF Proposal Clouded By VanEck's Wash Trading Concerns

VanEck's proposed spot Solana (SOL) exchange-traded fund (ETF) is facing scrutiny due to concerns over wash trading and the nature of on-chain activity. Matthew Sigel, Head of Digital Assets Research at VanEck, published an in-depth analysis on Tuesday, comparing SOL's metrics with those of Ethereum to provide context and clarity.

Neutral
cover-imageThe Currency Analytics
November 5, 2024

Solana Whale Profits from Strategic Cash-Out and Its Impact on the Market

Solana (SOL) has been on a remarkable upward trajectory, but a recent strategic sell-off by a prominent whale has drawn attention to the cryptocurrency's price dynamics. The whale, who had been accumulating SOL for months, recently sold 265,070 SOL worth approximately $43.96 million, raising questions about how such large transactions affect the broader market.

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