Transfer volume on the Solana blockchain exploded recently and surged to multiple times higher than the total SOL market cap, according to the crypto analytics firm Glassnode.

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.

TL;DR Helio Pay has enhanced its Solana Pay integration on Shopify, now supporting Bitcoin, Ethereum, and various Layer 2 solutions, providing merchants with a broader range of cryptocurrency payment options.

Key Points:

Bitcoin has rocketed higher as Donald Trump clinched victory in the U.S. presidential election, setting up a "perfect storm" for the bitcoin price in weeks ahead.

Ethereum's netflows and Bitcoin's ATH hint at growing investor interest. As sentiment builds, will Ethereum follow Bitcoin's lead?

Solana (SOL) volume has risen to a three-month high of $8.33 billion following reports that Donald Trump is set to be announced the winner of the November 5 US presidential elections. This development also comes with a notable 11% price increase for the altcoin within the last 24 hours.

Solana's climb has now placed it as the fourth-largest cryptocurrency position, following only Bitcoin (BTC), Ethereum (ETH), and Tether's USDT.

Solana's native digital asset (SOL), has jumped 17% in the last 24 hours, reaching a market value of $87.3 billion and passing Binance Coin (BNB) to become the fourth-largest cryptocurrency. This rise follows Donald Trump's recent election win, which has sparked hope for a Solana ETF approval.

Solana price went vertical on Wednesday, November 6, as cryptocurrencies welcomed Donald Trump's win. It jumped to an intraday high of $188.40, its highest level since July 29 as a popular Wall Street analyst predicted a SOL ETF approval in the incoming administration.

This morning, Solana (SOL) woke up as the fourth most valuable cryptocurrency after surpassing Binance's BNB Chain (BNB) in capitalization. The surge happened as the United States elected Donald Trump as its next president – an outcome expected to favor cryptocurrencies.

The crypto market has experienced a significant uptrend over the past few hours. With Donald Trump winning the U.S. election 2024, the Bitcoin price has achieved a new ATH above the $75k level. Following this, the Ethereum price has surpassed the $2.6k range.

The market participants have become extremely bullish over the crypto space, with Donald Trump winning the U.S. presidential elections. The Bitcoin price surged to hit a new ATH above $75,000, which helped the Solana price rise above $180 with enough bullish support. Besides, the DeFi TVL hits $6.

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.

The popular crypto payment system, which was first built on the Solana blockchain, has just expanded to support Bitcoin, Ethereum, and Layer 2 (L2) solutions. This is a big deal for both merchants and customers.

Dogecoin's cofounder, Billy Markus, who goes by "Shibetoshi Nakamoto" on X, has reacted to the recent surge in the prices of Bitcoin (BTC) and Dogecoin (DOGE).

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.

One of the biggest trends of 2023 among the leading layer-2 projects on Ethereum was the emergence of “blockchain in a box,” where the teams encouraged developers to clone their code to spin up new layer 2s. Now, it appears, one project in particular, Optimism, appears to be pulling away as the clear leader.

Traditional financial institutions are increasingly building on the Solana blockchain, attracted by its technical capabilities and low transaction costs, despite its popular association with memecoins.

Dogecoin (DOGE) saw a substantial 19.8% surge to reach $0.2016 early Wednesday, as news Donald Trump securing a second term rippled across markets.

The victory of the ex-president, aided by the owner of X, is benefiting many altcoins.

Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.

Ethereum has found it difficult to keep up with Bitcoin, which has surged to record highs in recent weeks. Ethereum has maintained a descending price channel, indicating a more muted performance, while Bitcoin has garnered attention with its spectacular rally.

On-chain data shows derivatives exchanges have just received large Ethereum deposits, something that could lead to volatility in ETH's price. Ethereum Exchange Netflow Has Seen A Sharp Positive Spike Recently As explained by an analyst in a CryptoQuant Quicktake post, the Exchange Netflow for ETH has registered a large spike recently.

Following the announcement of Donald Trump as the next US President, Dogecoin (DOGE) led the meme coin sector with a 28% gain.

In this article, we look at the latest (bullish) news from the crypto world involving the Solana blockchain and the SOL token.

Ethereum has broken above $2,500 after finding support at $2,350, showing positive technical indicators while facing resistance at $2,580 and $2,620 levels.

“There is going to be a media frenzy about Elon and how his aggressively backing Trump and the 'Department of Government Efficiency' narrative could have been a deciding factor for a Trump win,” one trader said.

Solana made a big leap, climbing 17% to hit $188. This pushed it above Binance Coin (BNB), making it the fourth-largest cryptocurrency by market cap. On the other side, Toncoin's ranking slipped, moving down from the 9th to the 11th spot.

Almost 90% of all DOGE investors are currently sitting on some paper profits.

SOL's market capitalization has outperformed BNB's, claiming the fourth position among the top largest cryptocurrencies by market cap. According to live data from CoinMarketCap, Solana's SOL has performed impressively in the last 24 hours, recording a gain of 15.41%.

Dogecoin reached $0.21 during Election Day 2024, driven by Trump-Musk mentions of a potential "D.O.G.E." government department and overall crypto market strength led by Bitcoin's new all-time high of $74,504.

Ripple's (XRP) market cap rose but could soon lose its stop to Dogecoin (DOGE) if both cryptocurrencies continue to keep up with the recent performances. Over the last 24 hours, XRP's price has increased by 5.20%, while DOGE jumped by 22%.

The cryptocurrency market received an unprecedented boost after Donald Trump, a vocal advocate of the asset class, came to the brink of victory after winning the key battleground states of Pennsylvania, and North Carolina. What happened: The Associated Press declared Trump the winner at 2:24 a.m.

During the Election Day, "green" dominates the prices of cryptocurrencies led by BTC and ETH.

Ethereum (ETH) stands at a critical turning point, with opinions split on its future performance this cycle. Some analysts argue that ETH will continue to lag, possibly underperforming against other assets like Bitcoin, which has shown strong momentum.

Bitcoin (BTC) has rocketed by almost 10% in the past 24 hours and has just set a new all-time high of $74,730, as Republican candidate Donald Trump took an early lead in the presidential elections.

Solana's valuation swelled to $87.3 billion, joining other altcoins like Dogecoin in posting double-digit gains amid a general market uptrend.

With the memecoin market cap hitting $69.80 billion, Dogecoin is leading the memecoin wave. Dogecoin price has increased by 23% in the last 24 hours and has reclaimed a $0.20 psychological mark. Further, with the 24-hour high at $0.2193, Dogecoin has hit a market cap of $30.32 billion.

An incoming crypto-friendly Trump administration could make allowing crypto ETFs in the U.S. easier, traders say, boosting SOL's prices.

Dogecoin price rally appears unstoppable, with market momentum pushing toward the $0.36 mark as the next significant target. The meme coin jumped in price recently following Trump winning the November 2024 U.S election.

Dogecoin is outperforming the market as Donald Trump leads the race to the White House. Moreover, the volume over Bitcoin surged above $81 billion, almost doubled compared to the previous day, resulting in a new ATH at $75,000.

Solana's rapid rise in the NFT market is fueling demand for SOL, positioning it as a strong contender in the blockchain space.

Meme cryptocurrency Dogecoin (DOGE) has surpassed XRP by market capitalization, according to data provided by cryptocurrency analytics firm CoinGecko.

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.

The cryptocurrency market has experienced a bullish swing with the start of the Asian trading hours. The upswing has resulted in the total market cap rising by 10.68% to the $2.47 Trillion mark. This positive leg-up has come given Donald Trump leading the U.S. elections with 230 seats against Kamala Harris' 187 seats.

As the U.S. presidential election results just around the corner, the cryptocurrency market is experiencing significant activity—not just with Bitcoin and Ethereum prices, but also with a flood of new memecoins.