Five of the top 10 crypto protocols by fee earnings in the last 24 hours were on Solana. Solana-based apps notched record fees and revenue activity in the last 24 hours amid an apparent return of memecoin mania. According to a Nov. 18 X post from decentralized finance commentator Patrick Scott, who cited DefiLlama data, five out…
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Solana price is up today as a combination of technical and onchain factors paint a bullish outlook for SOL. Solana price is up today, buoyed by a modest recovery in the broader cryptocurrency market. SOL’s rebound follows Bitcoin’s recovery to 2021 record highs as a number of technical and onchain indicators hint at more gains…
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Solana price is up today as liquid staking within the ecosystem hits a new all-time high above $5.7 billion. Solana price is up on Oct. 11, trading above $144 and up 5% over the last 24 hours, recouping all the losses made over the last two days. SOL/USD daily chart. Source: TradingView The upward momentum aligns with…
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The total value locked on Solana surged but is this enough to send SOL price to a new all-time high? Solana’s native token, SOL , has been unable to break above the $150 resistance level since Aug. 12. However, some network metrics have shown strength, including the total deposits in its decentralized applications, which have surged…
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MRGN Research’s Ben Coverston says the Solana-based MEV bot has made an active effort to date to keep a low profile. The infamous maximal extractible value (MEV) sandwich bot known as “arsc” has pocketed around $30 million from Solana users in the last two months through MEV attacks. An MEV sandwich attack occurs when an…
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Solana’s price has jumped by over 4.80% in the last 24 hours to reach an intra-day high of around $173 on May 29. After its latest climb, the cryptocurrency is looking to post 35-40% returns by the end of the month, its best since December 2023. SOL/USD four-hour price chart. Source: TradingView The uptick in SOL’s value…
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SOL price is down today as a wider crypto market correction takes place, and investors voice their displeasure with recent airdrops in the Solana ecosystem. Solana’s native token, SOL , saw a 9% increase on May 9, closing at $155, though it faced stronger resistance than anticipated. By May 10, SOL’s decline to $148 showed…
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Open interest in Solana is down 21% compared to the previous day as its price dips below levels unseen in over 30 days. Solana open interest (OI) and its price have declined in the past 24 hours, mirroring a broader decline across the cryptocurrency market. However, traders are remaining optimistic, viewing it as a “good opportunity.”…
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The Solana network appears to be struggling to keep up with a ravenous demand for memecoins, with data showing roughly 75% of transactions on the network currently failing. Roughly three-quarters of all transactions on the Solana network have been failing amid a deluge of activity brought by the recent memecoin mania on Solana; however, proponents…
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Solana price has been rocky over the past two weeks but user activity on the network continues to increase. Solana’s SOL local token, SOL, has encountered a 9.8% decay between Jan. 30 and Feb. 1, neglecting to break over the $104 obstruction for the fifth time in about a month. While considering a more drawn…
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