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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.
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.
🚨 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.
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.
Solana's dominance is only 5.45% away from its all-time high. We could see it breaking through by the end of September!
🚀 Top 10 Solana Dapps with the Most Active Users in the Last 30 Days! 🚀
Source: Solana Daily & DappRadar
Source: Solana Daily & DappRadar
Solana is absolutely crushing it! Despite the last crash, Solana has almost fully recovered, showcasing its resilience and strength. SolAlts have followed suit, proving that Solana and its ecosystem are unstoppable in the crypto space. 🚀🌕
🚨 BREAKING NEWS 🚨: Memecoins are now a significant force on Solana’s decentralized exchanges, accounting for a massive $192 billion (51%) of the total trading volume since August 2023.
Source: Messari Crypto research.
Source: Messari Crypto research.
Analysis for $NOS (Nosana/Tether)
Current Price Action:
Price: $2.181 USDTPatterns: Bearish pennant and a falling wedge suggest potential downward pressure in the short term.
Price Targets:
Short-term Bearish Target:
Below $2.00, potentially testing support around $1.50.Long-term Bullish Target: Recovery to previous highs around $8.00 if key developments are achieved.
Key Factors to Consider:
AI Narrative Impact: Even large stocks like NVDA and MSTR have been influenced by the AI narrative.
This trend could positively impact $NOS once it gains more visibility and achieves product milestones.
Product Development:
NOS should prioritize completing their product. Successful development will enhance credibility and attract more investors.
Exchange Listings:
Listing on major exchanges like Binance and Coinbase is crucial. These listings will increase liquidity and investor confidence, driving the price higher.
Long-term Outlook:
Bullish on $NOS: Despite short-term bearish patterns, the long-term outlook remains positive if the product is completed and major exchange listings are secured.
Current Price Action:
Price: $2.181 USDTPatterns: Bearish pennant and a falling wedge suggest potential downward pressure in the short term.
Price Targets:
Short-term Bearish Target:
Below $2.00, potentially testing support around $1.50.Long-term Bullish Target: Recovery to previous highs around $8.00 if key developments are achieved.
Key Factors to Consider:
AI Narrative Impact: Even large stocks like NVDA and MSTR have been influenced by the AI narrative.
This trend could positively impact $NOS once it gains more visibility and achieves product milestones.
Product Development:
NOS should prioritize completing their product. Successful development will enhance credibility and attract more investors.
Exchange Listings:
Listing on major exchanges like Binance and Coinbase is crucial. These listings will increase liquidity and investor confidence, driving the price higher.
Long-term Outlook:
Bullish on $NOS: Despite short-term bearish patterns, the long-term outlook remains positive if the product is completed and major exchange listings are secured.
Now they're scrambling to bring back users who left for Solana.
It's hard to imagine them returning to ETH because Solana is growing at an incredible pace.
It's hard to imagine them returning to ETH because Solana is growing at an incredible pace.
🚀 Bullish on Solana! 🚀
Solana has achieved an incredible milestone by surpassing the combined DEX trading volumes of Ethereum and BNB Chain! 🌟 With $2 billion in trading volume, Solana is leading the charge in the crypto space, outpacing Ethereum's $972M and BNB Chain's $484.9M. 📈
This remarkable performance showcases Solana's growing dominance and the strong demand for its fast and efficient blockchain solutions. Keep an eye on SOL as it continues to break new grounds and set higher benchmarks in the market! 💪
Solana has achieved an incredible milestone by surpassing the combined DEX trading volumes of Ethereum and BNB Chain! 🌟 With $2 billion in trading volume, Solana is leading the charge in the crypto space, outpacing Ethereum's $972M and BNB Chain's $484.9M. 📈
This remarkable performance showcases Solana's growing dominance and the strong demand for its fast and efficient blockchain solutions. Keep an eye on SOL as it continues to break new grounds and set higher benchmarks in the market! 💪
🚨 Only three days left to claim your Jupiter airdrop!
There's still more than $200 million worth of $JUP waiting to be claimed. It's surprising how many have overlooked this opportunity. Make sure you don't miss out! 🚀💰
There's still more than $200 million worth of $JUP waiting to be claimed. It's surprising how many have overlooked this opportunity. Make sure you don't miss out! 🚀💰
Following the introduction of the Spot $ETH ETF 24 hours ago, around $37 million has been transferred from Ethereum to
#solana
#solana
🚨 ALERT: Solana Network Experiences Significant Expansion
Over the last day, the
Solana
network has observed a notable increase in usage, recording over 1.3 million active wallet interactions.
📈 Wallet interactions rose by 36%.
🆕 352,000 new wallets were created in the past week.
Over the last day, the
Solana
network has observed a notable increase in usage, recording over 1.3 million active wallet interactions.
📈 Wallet interactions rose by 36%.
🆕 352,000 new wallets were created in the past week.
🚨 BREAKING: $SOL-PERPS trading volume on
@JupiterExchange
has exceeded $650 million in the past 24 hours.
@JupiterExchange
has exceeded $650 million in the past 24 hours.
The founder of Jupiter declares that all cryptocurrencies are essentially #memecoins .
Ape is Evolving!
🚀
The Ape platform has received major upgrades:
New Features:
📊
Token Categories: Top Birdeye Rank, New Tokens, Top 24h Gain Tokens, and more.
💱
USD/SOL Toggle: View balances in USD or SOL.
💸
Enhanced Buy Form: Allows selling with percentage options.
🗂️
Hidden Balances Section: Shows and allows closure of zero balance or frozen token accounts.
🔗
Shareable Links: Easily share trades, e.g., Ape Trade.
Improvements:
⚡
Pricing API: More accurate and faster trading.
📈
Portfolio Value: Now shows total portfolio value, not just SOL.
📏
Dynamic Token Modal: Adjusts height based on screen size.
🔄
Session Persistence: Keeps the last visited link after refresh or login.
🔑
Login Update: Prompts for new password creation.
🚀
The Ape platform has received major upgrades:
New Features:
📊
Token Categories: Top Birdeye Rank, New Tokens, Top 24h Gain Tokens, and more.
💱
USD/SOL Toggle: View balances in USD or SOL.
💸
Enhanced Buy Form: Allows selling with percentage options.
🗂️
Hidden Balances Section: Shows and allows closure of zero balance or frozen token accounts.
🔗
Shareable Links: Easily share trades, e.g., Ape Trade.
Improvements:
⚡
Pricing API: More accurate and faster trading.
📈
Portfolio Value: Now shows total portfolio value, not just SOL.
📏
Dynamic Token Modal: Adjusts height based on screen size.
🔄
Session Persistence: Keeps the last visited link after refresh or login.
🔑
Login Update: Prompts for new password creation.