Solana’s on-chain DEX had a trading volume of nearly $2.4 billion yesterday, ranking first for three consecutive days
According to DeFiLlama data, the trading volume of Solana's on-chain DEX on July 19 was 2.393 billion US dollars, ranking first for three consecutive days. In addition, the trading volume of Ethereum's on-chain DEX yesterday was 1.988 billion US dollars, ranking second; and the trading volume of Arbitrum's on-chain DEX yesterday was 767.32 million US dollars, ranking third.
pump.fun launches "Recommended for you" information flow function
pump.fun has recently announced on the X platform that it has launched the "Recommended for You" tag, which is the best way to discover tokens on Solana. The "Recommended for You" algorithm uses your past actions on pump.fun to plan a real-time changing information flow. It can help you avoid farmers and find token projects that are usually overlooked. Our only recommendation for building a high-quality information flow is to follow as many friends and alpha accounts as possible.
Solana TVL exceeds $6.6 billion, up 22.02% in 7 days
DeFiLlama data shows that the current total value locked (TVL) on the Solana network is $6.664 billion, second only to Ethereum and Tron, with a 7-day growth rate of 22.02%.
Solana’s on-chain DEX transaction volume ranked first yesterday, reaching US$1.518 billion
On July 14th, according to DeFiLlama data, the trading volume of Solana DEX on-chain was 1.518 billion US dollars, ranking first. The trading volume of DEX on Ethereum chain ranked second at 1.045 billion US dollars; the trading volume of DEX on BSC chain ranked third at 859.59 million US dollars.
SOL struggles to reclaim $145, but Solana network fundamentals remain solid
Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160.
Solana Q2 network fees and revenue increased by more than 42 times year-on-year, and TVL increased by 10 times year-on-year
According to the Solana Q2 financial report released by Coin98 Analytics, the Solana network fees and revenue experienced significant growth in the quarter, with a year-over-year increase of over 42 times; SOL's total transaction volume reached 292 billion US dollars, an increase of nearly 7 times compared to the same period last year. In addition, the Solana Q2 network and ecological indicators are as follows: - conducting more than 15.3 billion transactions (including voting and non-voting); - TVL reached 3.4 billion US dollars, an increase of 10 times year-on-year; - new minted NFTs exceeded 98 million, an increase of 54 times year-on-year; - the on-chain USDC market value reached 2.15 billion US dollars (accounting for about 70% of the total USDC market value).
Solana’s on-chain DEX transaction volume exceeded $1.8 billion yesterday, ranking first
According to DeFiLlama data, Solana's on-chain DEX had a trading volume of $1.811 billion on July 7, ranking first. In addition, the trading volume of Ethereum's on-chain DEX was $1.336 billion yesterday, ranking second; Arbitrum's on-chain DEX had a trading volume of $400.92 million yesterday, ranking third.
The ETF Store President: Approval of a spot Solana ETF may require SEC approval to designate Solana as a non-security commodity
According to Nate Geraci, the president of investment consulting firm The ETF Store, given that there are currently no Solana futures traded on CME, the only feasible way to obtain approval for a Solana ETF is to implement a legal regulatory framework for cryptocurrencies that clearly defines which crypto assets are securities and which are commodities, or for the SEC to agree to designate Solana as a non-security commodity. In any case, the institution also needs to reach a monitoring sharing agreement with currently unregulated spot cryptocurrency exchanges. Under the current government leadership, this seems unlikely, which makes the applications of VanEck and 21Shares likely to bet on a more crypto-friendly government.
BillyWen: If the Slerf project meets the requirements, we will invest in the purchase of Slerf NFT to support the refund of 12,000 SOL
On June 23, Negentropy Fund partner BillyWen posted on X platform stating that if Slerf's project Dev meets its four requirements, it will purchase Slerf NFT to support the project in completing the refund of the remaining 12,000 SOL for pre-sale investors within three months.
Solana Game Chain Sonic plans to upgrade the test network tomorrow
Solana's atomized SVM Layer 2 Sonic has released an update on X: Due to high demand for the Sonic testnet Odyssey, the team is upgrading the network to improve users' on-chain experience. During the upgrade process, some tasks and on-chain interactions will be suspended. The upgrade will begin at 1 pm on June 24, 2024 and last for about 6 hours.
