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According to BlockBeats, on November 28, SlowMist released a list of attacker addresses related to the DEXX platform. The cybersecurity firm has identified 8,612 addresses on the Solana blockchain. This data compilation is based on reports from DEXX officials and thousands of victims who have been affected by these attacks. The identification process is part of an ongoing effort to address security concerns within the blockchain community. While the focus has been on Solana, SlowMist is also working on gathering and compiling data for addresses on EVM-compatible chains. This process is still underway, and the company expects to have the information ready in the coming days. The initiative underscores the importance of vigilance and proactive measures in safeguarding blockchain networks from malicious activities. The release of this information aims to assist in mitigating the impact of these attacks and preventing future incidents.

According to Odaily, recent data disclosed by SolanaFloor on the X platform reveals that over the past year, more than $5.6 billion has been bridged to the Solana blockchain. A significant portion of this amount, approximately $4 billion, originated from Ethereum. This substantial movement of funds highlights the growing integration and interaction between Solana and other blockchain networks, particularly Ethereum. The data underscores Solana's increasing role in the blockchain ecosystem, as it continues to attract significant capital through bridging activities. This trend reflects the platform's appeal due to its high-speed transactions and lower fees compared to other networks. The bridging of funds from Ethereum, a leading blockchain, indicates a strategic shift by users seeking to leverage Solana's advantages. As the blockchain landscape evolves, Solana's ability to draw such a large volume of funds suggests a robust and expanding network. This development is likely to influence future blockchain interactions and the overall dynamics of digital asset transfers. The bridging of assets is a critical component in enhancing interoperability between different blockchain platforms, facilitating smoother and more efficient transactions across networks.

Solana (SOL) rebounds from recent lows, backed by strong onchain metrics and derivatives data. Could SOL rally toward $300 and challenge its all-time high?Solana Bounces Back: Recovery in ProgressSolana’s native token,  SOL has surged 8% since hitting a low of $222 on Nov. 26, following a sharp correction from its all-time high of $263.80 on Nov. 23. As of Nov. 27, SOL trades at $237.98, with onchain and derivatives data pointing to a potential bullish continuation.  Market Performance and Investor SentimentSOL Lags Behind Altcoin GainsWhile  SOL recorded a modest 1% gain between Nov. 20 and Nov. 27, the broader altcoin market capitalization surged 12% during the same period. Leading tokens like Stellar (XLM), Celestia (TIA), and Uniswap (UNI) posted gains exceeding 40%, leaving some investors skeptical of SOL’s momentum. Focus on FundamentalsDespite lagging market performance, Solana’s strengthening fundamentals provide a bullish backdrop:Total Value Locked (TVL): Up 48% in the past 30 days, significantly outpacing growth on BNB Chain (+14%) and Tron (+13%).Key Drivers:Jito liquid staking: $3.4 billion TVL (+44%).Jupiter decentralized exchange: $2.4 billion TVL (+50%).Raydium: $2.2 billion TVL (+58%).Solana vs. Ethereum: Independent Growth PathsThriving in Separate NichesData suggests that Solana and Ethereum are growing without directly competing:Ethereum: Dominates decentralized finance (DeFi) with Uniswap and CoW Swap volumes up 62% and 71%, respectively, in the past 30 days.Solana: Leads in memecoin trading, with tokens like BONK and POPCAT driving speculative trading volumes.Risks of Memecoin DependencyWhile Solana’s memecoin dominance has fueled activity, it introduces volatility risks as speculative hype may not sustain long-term growth.Optimism in Futures MarketsFutures Premium at 7-Month HighSOL futures premiums have reached an annualized 23%, the highest in seven months. This indicates strong market optimism, although excessive bullishness above 40% could amplify liquidation risks during price corrections.Room for Growth Relative to EthereumWith a current $113.7 billion market capitalization, Solana trades at a 73% discount compared to Ethereum’s $429.4 billion. This valuation gap, combined with robust onchain metrics, suggests further upside potential for SOL.Can SOL Hit $300?Solana’s (SOL) recovery, supported by rising TVL and bullish futures sentiment, sets the stage for further price appreciation. While challenges like memecoin reliance persist, SOL’s growing ecosystem and market optimism could pave the way for a run toward $300, particularly if broader market conditions remain favorable, according to Cointelegraph.

According to CoinDesk, Solana's market position relative to Ethereum has shown significant improvement since January 2023. Initially, Solana was trading at a 97% discount compared to Ethereum's market cap, but this gap has now narrowed to a 70% discount. This shift raises questions about whether the market is still experiencing dislocation, especially as Solana begins to challenge Ethereum in on-chain activity and key network usage metrics.In terms of network fees, Solana has made notable progress. In the second quarter, Solana generated $151 million in fees, which was 27% of Ethereum and its top Layer 2 solutions combined. Over the past 90 days, this ratio has increased to 49%. This growth indicates a rising demand for Solana's network capabilities. Similarly, Solana's decentralized exchange (DEX) trading volume has surged. In Q2, Solana recorded $108 billion in DEX trading volume, equating to 36% of Ethereum and its top Layer 2 solutions. In the last 90 days, this figure has risen to $153 billion, representing 57% of Ethereum's volume.Stablecoin volumes on Solana have experienced fluctuations. In Q2, Solana's stablecoin volume was $4.7 trillion, 1.9 times that of Ethereum and its top Layer 2 solutions. However, in the past 90 days, this volume dropped to $963 billion, or 30% of Ethereum's volume. This decline is attributed to algorithmic trading that inflated previous numbers. Additionally, only 6% of Solana's stablecoin volumes are peer-to-peer transfers, compared to 30% on Ethereum, suggesting Ethereum's broader use for non-speculative activities. Solana's stablecoin supply has increased slightly, now holding 4.1% of Ethereum's on-chain value, up from 3.5% at the end of Q2.Solana's total value locked (TVL) has also seen growth. At the end of Q2, Solana's TVL was $4.2 billion, representing 6.3% of Ethereum and its top Layer 2 solutions. Currently, Solana's TVL stands at $8.2 billion, or 12% of Ethereum's TVL. This data suggests a fair re-pricing of Solana's valuation relative to Ethereum. However, investors should consider qualitative differences between the two networks and potential catalysts as the year progresses and into 2025.

Solana (SOL) price is down today, dropping 9% on November 26, amid a broader cryptocurrency market correction. SOL which reached an all-time high on November 23, has been unable to sustain its upward momentum, trading at $230. Several factors, including market-wide sell-offs, declining Solana-based token values, and bearish technical indicators, are contributing to the current downward pressure.  Market-Wide Correction Impacts SOL PriceThe cryptocurrency market is experiencing a significant sell-off, with Solana joining other major cryptocurrencies in posting losses. Bitcoin (BTC), the market leader, dropped 5.8% over the last 24 hours to trade at $92,536, failing to surpass the $100,000 resistance level. Similarly, Ether (ETH) fell 1.2% to $3,360, while other top cryptocurrencies like BNB, XRP, and Dogecoin (DOGE) also recorded declines.  The total cryptocurrency market capitalization fell by 5% over the past 24 hours to $3.2 trillion, signaling a broad market cooldown after an overheated rally. Analysts attribute the sell-off to high leverage levels, with CryptoQuant analyst MAC_D noting:“This correction occurred due to leverage overheating, as open interest and estimated leverage ratio reached annual highs.”Declining Solana-Based Token PerformanceSolana’s native token is facing additional bearish pressure due to underperformance in Solana-based ecosystem tokens. The total market capitalization of Solana-based tokens dropped from $347.8 billion on November 25 to $228.8 billion on November 26, a staggering 34% decline. Trading volume for these tokens surged by 43.2% during the same period, indicating heightened sell-side activity.  The sharp drop in the value and activity of Solana-based tokens likely discouraged investor confidence, contributing to the decline in SOL’s price.Bearish Divergence in RSIA bearish divergence between SOL’s price and its Relative Strength Index (RSI) signals a weakening uptrend. Between November 8 and 26, SOL's price achieved higher highs, while its RSI formed lower highs, a classic technical indicator of weakening momentum.Additionally, SOL entered overbought territory on November 22 when the RSI hit 77, prompting profit-taking and buyer exhaustion. If selling pressure continues, SOL price could test support levels at $210 or potentially dip further to $185.  Outlook for SOL PriceDespite the current correction, analysts believe Bitcoin’s potential to breach $100,000 could lift altcoins, including Solana, in the coming weeks. However, Solana's price recovery will likely depend on broader market stabilization and renewed strength in its ecosystem tokens, according to Cointelegraph.

According to PANews, data from Galaxy Research indicates that the total trading volume on decentralized exchanges (DEXs) across 23 blockchains reached an all-time high over the past week. The seven-day moving average for these transactions was $16.8 billion. Notably, within the first nine days of November, four days recorded daily trading volumes that ranked among the top ten in history, with the highest single-day volume reaching $19.8 billion. Solana emerged as a significant contributor during this period, accounting for 54% of the total trading volume, making it the largest driving force behind the surge. On November 19 and 20, Solana's daily trading volumes hit $9.6 billion and $10.1 billion, respectively, marking historical highs for the blockchain. Additionally, Solana's market share increased to 54% on a seven-day moving average, with the highest single-day share reaching 59%.

According to Odaily, a recent statement by SlowMist's Cosine on X revealed that during the early hours, starting around 3 AM, various tokens associated with a DEXX attacker were massively converted into SOL on a Solana address. As of now, these SOL tokens have not been transferred further.

According to Odaily, the decentralized exchanges (DEX) on the Solana blockchain have achieved a significant milestone. For the first time, the monthly trading volume on Solana's DEX platforms has exceeded $100 billion, currently standing at $109.78 billion. This marks a notable achievement for Solana, highlighting its growing influence and adoption in the cryptocurrency market.The increase in trading volume reflects the rising interest and participation in decentralized finance (DeFi) activities on the Solana network. As more users and developers turn to Solana for its high-speed transactions and low fees, the blockchain continues to gain traction among crypto enthusiasts and investors. This surge in activity is indicative of the broader trend towards decentralized financial systems, which offer greater transparency and control to users compared to traditional financial institutions.Solana's robust infrastructure and scalability have positioned it as a formidable competitor to other blockchain networks, particularly Ethereum, which has faced challenges with network congestion and high transaction costs. The recent trading volume milestone underscores Solana's potential to support large-scale DeFi operations and attract more projects to its ecosystem. As the blockchain industry evolves, Solana's continued growth and innovation will be crucial in shaping the future of decentralized finance.

The approval of a Solana (SOL) exchange-traded fund (ETF) is expected by the end of 2025 at the latest, according to Nate Geraci, president of The ETF Store. Geraci suggested that the United States Securities and Exchange Commission (SEC) may already be in discussions with the ETF issuer, signaling progress toward a potential launch.Industry leaders remain optimistic about the prospects of a Solana ETF, with Alexander Blume, CEO of Two Prime Digital Assets, noting that leading firms like Bitwise have already submitted applications. Blume highlighted that the success of spot Bitcoin and Ethereum ETFs, coupled with a more favorable regulatory climate, sets the stage for Solana to follow suit."Regulatory clarity and institutional interest in digital assets have significantly advanced, making the launch of a Solana ETF a matter of when, not if," Blume added.The anticipation surrounding a Solana ETF aligns with a broader trend of expanding cryptocurrency investment vehicles, which have fueled record inflows into digital asset markets in recent months.As the crypto space continues to mature, the potential approval of a Solana ETF represents another step toward integrating blockchain technology into mainstream finance.    

According to Odaily, a recent exchange on social media platform X has sparked a debate between Solana's co-founder, Toly, and Matter Labs CEO, Alex Gluchowski, regarding the speed of blockchain technologies. Toly asserted that Solana's speed surpasses that of Zero-Knowledge (ZK) systems, attributing this to the absence of limitations on full node capacity. He emphasized that ZK computations are inherently slower than traditional methods, suggesting that Solana's architecture allows for faster processing without the constraints imposed by ZK protocols.In response, Alex Gluchowski, CEO of Matter Labs, countered Toly's claims by highlighting the efficiency of ZK technology. Gluchowski argued that ZK systems are inherently faster than Solana because they rely on mathematical proofs rather than a network of validators for security. This reliance on mathematics allows ZK systems to operate with just one or a few validators for redundancy, eliminating the need for consensus among thousands of nodes. This fundamental difference, according to Gluchowski, enables ZK systems to achieve greater speed and efficiency compared to Solana's approach.The discussion underscores the ongoing debate within the blockchain community about the most effective methods for achieving speed and security. While Solana emphasizes scalability through its unique architecture, proponents of ZK technology argue for the benefits of mathematical security and reduced validator requirements. This exchange highlights the diverse approaches within the industry and the continuous evolution of blockchain technologies as developers seek to optimize performance and security.

According to PANews, Solana (SOL) has experienced a notable price increase, surpassing the 260 USDT mark. As of the latest update, SOL is trading at 260.17 USDT, reflecting a 24-hour growth of 2.15%. This development highlights the ongoing volatility and dynamic nature of the cryptocurrency market, where digital assets frequently experience significant price fluctuations. The recent surge in Solana's price is part of a broader trend observed in the cryptocurrency sector, where various digital currencies have shown substantial gains. Market analysts often attribute such movements to a combination of factors, including investor sentiment, market speculation, and broader economic indicators. As cryptocurrencies continue to gain traction among investors, price movements like these underscore the importance of staying informed about market trends and developments. Solana, known for its high-performance blockchain capabilities, has been gaining attention for its scalability and speed, which are crucial for supporting decentralized applications and services. The recent price increase may reflect growing confidence in Solana's potential to address some of the scalability challenges faced by other blockchain networks. As the market evolves, investors and stakeholders will likely continue to monitor Solana's performance closely, considering its implications for the broader cryptocurrency landscape.

According to PANews, recent data from Santiment reveals a notable increase in development activity within the Solana ecosystem over the past month. The platform reported an 11.2% rise in development activities, highlighting a growing interest and engagement in the network's development. Additionally, the number of contributors participating in Solana's development has grown by 4.2%. This uptick in developer involvement suggests a strengthening community and a robust ecosystem, which could potentially lead to further advancements and innovations on the Solana blockchain. The increase in both development activity and contributor participation underscores the ongoing efforts to enhance the platform's capabilities and expand its reach in the blockchain space.

According to Foresight News, Bitwise CEO Hunter Horsley expressed his excitement as Solana reached a new all-time high today. Horsley remarked on the achievement, stating that the Solana ecosystem deserves such recognition and extended his congratulations to those who have maintained their belief in the project. In related developments, Foresight News previously reported that Cboe submitted an application to the U.S. Securities and Exchange Commission (SEC) yesterday. The application includes the listing of four Solana spot ETFs, one of which involves Bitwise. This move marks a significant step in the expansion of Solana's presence in the financial markets, potentially increasing its accessibility to a broader range of investors. The application is part of a growing trend of interest in cryptocurrency-based financial products, reflecting the increasing integration of digital assets into traditional financial systems.

On Nov 22, 2024, 03:15 AM (UTC), according to Binance Market Data, SOL achieved a new all-time high, trading at 261.27 USDT. The 24-hour increase of 11.45%

According to PANews, Bloomberg ETF analyst James Seyffart reported that the Cboe BZX Exchange has filed a proposal to list and trade four Solana-related ETFs on its platform. These ETFs are initiated by Bitwise, VanEck, 21Shares, and Canary Funds, and are categorized as 'commodity-based trust fund shares' under rule 14.11(e)(4). If the U.S. Securities and Exchange Commission (SEC) formally accepts the proposal, the final approval deadline is anticipated to be in early August 2025. The proposal marks a significant step for the Cboe BZX Exchange as it seeks to expand its offerings in the cryptocurrency sector. Solana, known for its high-performance blockchain, has gained considerable attention in the digital asset space, and the introduction of these ETFs could provide investors with new opportunities to engage with Solana-related assets. The involvement of prominent firms like Bitwise, VanEck, 21Shares, and Canary Funds underscores the growing interest and confidence in Solana's potential. The SEC's decision on this proposal will be closely watched by market participants, as it could set a precedent for future cryptocurrency-related ETFs. The approval process will involve a thorough review to ensure compliance with regulatory standards and investor protection measures. If approved, these ETFs could enhance the accessibility and appeal of Solana investments to a broader range of investors, potentially influencing the overall market dynamics.

According to Odaily, discussions between the U.S. Securities and Exchange Commission (SEC) and issuers of a spot Solana (SOL) Exchange-Traded Fund (ETF) have made significant progress. Fox journalist Eleanor Terrett reported on the X platform that two informed sources revealed the SEC is currently processing S-1 applications related to the ETF. These sources indicated that in the coming days, it is "very likely" that exchange representatives for potential issuers will submit several 19b-4 forms, marking the next step in the ETF approval process.Currently, companies such as VanEck, 21Shares, and Canary Capital have already submitted their S-1 applications for the Solana ETF. Additionally, Bitwise announced its intention to file an S-1 application yesterday. This development marks a crucial phase in the potential launch of a Solana ETF, as the submission of 19b-4 forms is a critical component of the regulatory approval process. The progress in these discussions highlights the growing interest and efforts to introduce a Solana-based ETF in the U.S. market, which could provide investors with a new avenue to gain exposure to the cryptocurrency.

According to PANews, a whale account has made a substantial acquisition of Solana (SOL) tokens over the past two days. The account purchased 100,000 SOL, valued at approximately $23.86 million, and has staked the entire amount. This recent transaction brings the account's total holdings to 231,919 SOL, with an estimated value of around $55.58 million.

According to PANews, Bitwise has taken a significant step by filing documents with the Delaware Department of State to register its first Solana-related Exchange-Traded Fund (ETF). This move marks Bitwise's entry into the Solana investment space, reflecting the growing interest and potential in Solana's blockchain technology.The filing indicates Bitwise's strategic approach to expanding its portfolio of cryptocurrency investment products. Solana, known for its high-speed and low-cost transactions, has gained substantial attention in the crypto market, making it an attractive option for investors seeking diversified exposure to digital assets. Bitwise's decision to focus on Solana aligns with the increasing demand for innovative blockchain solutions and the potential for significant returns.This development comes amid a broader trend of financial institutions exploring cryptocurrency ETFs as a means to offer investors regulated and accessible ways to invest in digital currencies. By pursuing a Solana-related ETF, Bitwise aims to capitalize on the blockchain's unique features and the growing interest from institutional and retail investors alike. The registration process in Delaware is a crucial step in bringing this investment product to market, subject to regulatory approvals and market conditions.

According to Odaily, recent data reveals that cross-chain transfers to Solana have exceeded $200 million over the past week. Notably, one-third of these funds were transferred using the deBridge cross-chain protocol. This significant influx of capital highlights the growing interest and confidence in Solana's blockchain ecosystem. The use of deBridge, a prominent cross-chain protocol, underscores its role in facilitating seamless transfers across different blockchain networks. As the cryptocurrency market continues to evolve, Solana's ability to attract substantial investments through cross-chain mechanisms positions it as a key player in the blockchain space. The data reflects a broader trend of increasing cross-chain activity, as investors and developers seek efficient and cost-effective ways to move assets across various blockchain platforms. Solana's robust infrastructure and scalability have made it an attractive destination for such transfers, further solidifying its reputation in the industry. As the market dynamics shift, the role of cross-chain protocols like deBridge becomes increasingly crucial in supporting the interoperability and fluidity of digital assets across diverse blockchain networks.

According to Odaily, the cryptocurrency market has witnessed a decline in Solana's (SOL) value, as it fell below the 240 USDT mark. Currently, SOL is trading at 238.96 USDT, reflecting a 24-hour decrease of 0.59%. This downturn is part of a broader trend affecting various digital currencies, as market volatility continues to influence trading activities.The recent price movement of Solana highlights the ongoing fluctuations within the cryptocurrency sector. Investors and traders are closely monitoring these changes, as they can impact investment strategies and market dynamics. The decline in SOL's value is indicative of the challenges faced by cryptocurrencies in maintaining stability amidst external economic factors and market sentiment.As the market evolves, stakeholders are advised to stay informed about the latest developments and trends. The performance of Solana and other cryptocurrencies remains a focal point for analysts and investors seeking to navigate the complexities of the digital asset landscape. The current trading environment underscores the importance of vigilance and adaptability in response to market shifts.