The $SOL upside model from InvestAnswers is literally what I | Oldhawk on Binance Square

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The $SOL upside model from InvestAnswers is literally what I need this Sunday! 🚀✨

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The latest data shows a significant surge in Solana's derivatives volume, up by an impressive +124.62% to $9.25B. However, open interest has slightly decreased by -2.65%, standing at $2.13B. The long/short ratio across various exchanges like Binance and OKX shows a strong leaning towards longs, with ratios over 2.3 on average, indicating bullish sentiment among traders. With the 24-hour "rekt" statistics showing significant liquidations on both longs and shorts, it’s clear that volatility is at play. Keep an eye on Solana as it continues to dominate and attract massive interest in the derivatives market.

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🚨 Breaking: Solana Flips Bitcoin in New DeFi Users Per Month! In an unprecedented shift, Solana has overtaken Bitcoin in the number of new DeFi users per month. The data clearly shows Solana's explosive growth, with over 8.3 million new DeFi users in June 2024, compared to Bitcoin's 7.7 million. This marks a significant milestone for the Solana ecosystem, highlighting its increasing adoption and the growing interest in its DeFi capabilities. As Solana continues to expand its user base, it's becoming clear that the network is positioning itself as a major player in the DeFi space, potentially reshaping the landscape of decentralized finance.

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Solana's dominance is only 5.45% away from its all-time high. We could see it breaking through by the end of September!

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🚀 Top 10 Solana Dapps with the Most Active Users in the Last 30 Days! 🚀 Source: Solana Daily & DappRadar

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Solana is outperforming top 20 coins today !

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