SOL is making news with growing anticipation of new highs for the token. This follows the recent news of Solana TVL hitting $8 billion. Investors are awaiting further highs for the altcoin. With SOL grabbing headlines, IntelMarkets has also been in the spotlight for its Quantum wallet launch. XRP news reveals new highs for Ripple as it nears the $1.96 level.
SOL’s Daily Revenue Touched New ATH: Solana TVL Crosses $8 Billion
The popular proof-of-stake blockchain, Solana (SOL) collected $11.8 million in fees in 24 hours, surpassing Ethereum’s $6.32 million, according to data provided by Defi Llama. SOL also generated $5.9 million in revenue in the same timeframe, marking a new all-time high, Defi Llama data shows.
The layer-1 network is second only to Tether’s $13.3 million revenue over the past day.
Notably, Solana’s TVL has reached $8.35 billion, per Defi Llama. Moreover, Raydium, the largest decentralized exchange on SOL, is currently leading the list with over $15 million in 24-hour fees.
The DEX platform, popular for its low fees, generated a daily revenue of roughly $1 million, according to the data aggregator. Data shows that Pump.fun, the Solana-based meme coin launchpad, generated a single-day record revenue of $2.4 million — surpassing Bitcoin’s $2.3 million.
The high investor interest in Raydium and Pump.fun suggests that the meme coin trend on the network could mostly trigger Solana’s TVL growth. SOL recorded a 295% rally over the past year to become the fourth-largest crypto asset in the sector with a $113 billion market cap — getting close to USDT’s $128.8 billion value.
XRP News: Ripple On The Verge Of A Rally To $1.96
XRP news reveals that Ripple’s XRP is still the top-performing cryptocurrency among the top 20 by market capitalization, having increased by more than 50% over the previous week at $1.13 on Wednesday.
Technical patterns and on-chain data indicate that, as long as a bullish sentiment persists, the remittance-based coin may continue its upward trajectory and reach $1.96. According to statistics from CryptoQuant, investors pulled out around 250 million Ripple tokens from Upbit, a Korean exchange that has the largest XRP reserve, over the last seven days.
XRP news suggests that Upbit’s XRP reserve has dropped to 6.3 billion XRP, a four-month low as a result of the withdrawals. Similar patterns can also be observed in Binance’s XRP reserve, which peaked on November 12 and then started to decline.
A decline in the exchange reserve of an asset suggests increased buying power, which could lead to price increases. According to Coinglass statistics and XRP news, Ripple’s future open interest also reflects the prevailing positive sentiment.
It reached an all-time high of $1.98 billion on Sunday before settling at about $1.84 billion in the early Asian session on Wednesday.
IntelMarkets (INTL) Poised For 100X Gains Awaiting Quantum Wallet Launch
The viral AI crypto IntelMarkets (INTL) is a new altcoin to keep on the radar. Its AI-DeFi narrative and significant upside potential are key attractions that drive retail and whale interest. With over $2.4 million raised in early funding in record time, the community is growing at a rapid pace.
Meanwhile, the presale kicked off at $0.009 in the first stage and its jump to $0.054 in the sixth stage is a 500% increase. This highlights its potential and considering its upside potential, it is inarguably the best new crypto to invest in. Top analysts are optimistic about a 100x gain after listing—a promising wave not to miss.
Its distinctive offering as an AI-powered trading platform is expected to fuel demand and aid in its expansion. It will combine artificial intelligence with blockchain technology and DeFi, poised to transform the $264 billion crypto trading market.
Unlike conventional trading protocols, its trading bots will be trained on over 100,000 data points and the exchange will be compatible with the Ethereum and Solana blockchains. INTL community is eagerly waiting for the Quantum wallet launch on the network as it will further strengthen INTL’s momentum.
Discover More About Intel Markets:
Presale – Buy Presale – Telegram – Official Twitter
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