Crypto traders lost over $24 million in Solana due to memecoin mishaps
The Solana memecoin blunders have resulted in losses surpassing the net Ethereum burned since the Merge in 2022.
Oluwapelumi Adejumo 1 min read DeFi Insights
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Oluwapelumi Adejumo 1 min read Latest insights
Solana
Solana’s DEX ecosystem dominance nears 50% with record $200B trading volume
Trump memecoin hype fuels Solana DEX surge beyond the $200 billion mark.
DeFi
TRUMP memecoin falls 50% as President ignores Bitcoin, crypto on first day in office
80% of TRUMP supply remains in Trump-linked wallet despite market downturn.
DeFi
TRUMP and MELANIA memecoin futures explode with over $50 billion in volume
TRUMP perpetual futures reached $369 million in just two days, while MELANIA's open interest surged 56% in less than two hours.
Crypto Equities
XRP futures open interest nears record $8 billion as price breaks $3
Open interest in XRP futures nears $8B as market momentum builds.
DeFi
Uniswap $2.9 billion daily volume dwarfs competition in dApp rankings
Uniswap V3 leads with $2.4 billion, ahead of Balancer at $1.39 billion.
DeFi
DEXs achieve record $463 billion trading volume in December
Binance Smart Chain marks pivotal month with $98 billion in trade volume.
DeFi
DeFi TVL drops 16% but stablecoin market stays firm
Despite the significant contraction in the DeFi market, stablecoins showed resilience amidst volatility.
Bitcoin
Ripple, Cardano lead altcoin surge as market cap nearly doubles to $1.55 trillion
The altcoins rally has cut Bitcoin dominance to 55% during the past month.
DeFi
Ethereum DeFi’s TVL reach 2-year high of $80 billion, reclaims USDT dominance
Investors flock to Ethereum as DeFi and stablecoins bolster blockchain appeal.
Solana
Memecoin revival drives Solana DEX Raydium past Tether in fees
Solana DEX Raydium sees $30 billion weekly trading, dwarfs Uniswap volumes.
DeFi
Solana’s daily fees and revenue hit ATH amid heightened engagement
Solana's newfound economic value signals increased blockchain activity.
Solana
Solana’s price surge propels its market cap past $100 billion, outpacing Bitcoin and Ethereum gains
Solana's price rally marks historic market cap achievement and DeFi growth.