Global #Solana

The daily trading volume of decentralized exchanges (DEX) on Solana [SOL] has decreased, contrasting with the figure three days prior, which exceeded $1.5 billion. This decline is notable compared to Solana's performance in April when its DEX volume reached a monthly high of $60 billion.

The Solana blockchain has emerged as a prominent player in the cryptocurrency arena, drawing attention for its impressive throughput and low transaction fees. Many experts see it as a formidable competitor to Ethereum's dominance.

On May 22, 2024, Brian Kelly, a prominent figure in the crypto investment realm and a trader on CNBC's 'Fast Money', suggested that Solana (SOL) could potentially become the next cryptocurrency featured in a spot exchange-traded fund (ETF) in the United States.

The cryptocurrency community is eagerly awaiting news regarding the potential endorsement of a spot Ethereum ETF by the US Securities and Exchange Commission (SEC).

After reaching $175 on May 18th, Solana (SOL) experienced a price correction that led to a decrease in its value. Does this indicate a likelihood of SOL declining further in the upcoming days?

Solana has emerged as the frontrunner among major blockchains, demonstrating remarkable speed by handling an astounding 91 million transactions within a single day.

Bitcoin (BTC) has seen a rise of over 8% this week, indicating continued interest from buyers even at lower price levels.

Competition for the title of the fastest blockchain transaction processing speeds is intensifying, with Solana (SOL) emerging as a frontrunner according to a recent report by crypto data aggregator CoinGecko.

According to data from TradingView, PEPE has experienced a significant 21% growth over the past few days, pushing its value to the $0.00001 mark and setting its sights on surpassing its previous all-time high.

Investors could see significant returns if Gambling Cat (GAMBCAT) achieves widespread adoption similar to Shiba Inu (SHIB) and Dogecoin (DOGE).

Since the start of April, the creation of new tokens has surged, surpassing a million in total, with over 370,000 appearing on Ethereum, largely attributed to activity on Coinbase's Layer 2 network, Base.

Solana achieved a significant milestone on May 12 by generating more Total Economic Value (TEV) in a single day than Ethereum, marking the first instance of Solana surpassing Ethereum in this metric.