Solana, one of Ethereum network’s competitors, witnessed a 50% increase in the total volume of assets locked (TVL) on its blockchain. Solana’s TVL cli
intelligence tracker, DeFiLlama, there is a consistent increase in both metrics, TVL and transactions, while SOL price attempts recovery. SOL price started a downward trend in mid-July 2023, declining from $32.12 to $20.62, at the time of writing. While the altcoin has yielded 5.8% losses for holders over the past week, SOL price is likely to begin its recovery with the bullish metrics, acting as a catalyst.
The bankruptcy of the FTX exchange in November 2022, resulted in a steep decline in both TVL and the price of the altcoin. Solana was associated with bankrupt FTX’s founder Samuel Bankman-Fried, and suffered a price drop in the following months. While traders await SOL price recovery, the altcoin’s price is up 106.92%, year till date.Bitcoin is the largest cryptocurrency by market capitalization, a virtual currency designed to serve as money.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Bitcoin Clings to $26K as Investors Await Powell’s Speech; Solana Pay Integrates With ShopifyBitcoin (BTC) is holding steady around $26,000 ahead of Fed Chair Jerome Powell’s speech at Jackson Hole on Friday. The Tie director of strategy Sacha Ghebali shares his crypto markets analysis. Solana Foundation head of strategy Austin Federa discusses Solana Pay getting plugged into e-commerce giant Shopify. And, FalconX deputy general counsel Purvi Maniar reacts to two Tornado Cash developers being charged with money laundering and sanctions violations.
Les mer »
Seaside Musings: 'Happiest music I've ever played': Tribute band celebrates Jimmy BuffettJimmy's Buffet getting ready for performance Sept. 8 at the Belly Up in Solana Beach
Les mer »
A brief history of Ethereum's upgrade roadmapFrom Byzantium and Istanbul to the Merge: A look at Ethereum's journey towards scalability and efficiency.
Les mer »
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Fading momentum could lead to another dumpAfter a rather lull week, Bitcoin (BTC) price leads the cryptocurrency market into the weekend, where the volume of transactions is expected to be at
Les mer »
Charles Hoskinson says Cardano will beat competitors Bitcoin, Ethereum, become world’s largest cryptocurrencyCharles Hoskinson, an American entrepreneur and the creator of Cardano shared his thoughts on Cardano. The creator of the Ethereum-alternative believe
Les mer »
First L2 in History Smashes Through 100 TPS MilestoneStarknet, decentralized ZK rollup on Ethereum (ETH), accomplishes major performance milestone and welcomes new apps
Les mer »