Solana Hits $318B in Volume: Is Bot-Driven Growth a Risk for SOL?

Glassnode noted that much of the increased activity appeared to be driven by bots, raising questions about the authenticity of Solana’s growth. Solana’s price remains strong, holding around $240, with traders predicting further gains. The Solana on-chain activity has skyrocketed to new highs as the SOL price continues to hold around $240 levels. Market intelligence…

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Will Solana Price Hit $500 In November?

Solana (SOL) price has surged by 42% since November, showcasing strong bullish momentum amid a recovering cryptocurrency market. The prominent Layer 1 blockchain is gaining investor confidence by breaking multiple resistance levels. This rally aligns with broader market improvements, fueling speculation of a potential breakout. Market enthusiasts now watch closely as Solana eyes a significant…

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Grayscale Bitcoin ETF Options to Begin Trading Tomorrow

Grayscale, one of the largest spot Bitcoin ETF issuer, will begin options trading tomorrow. Options trading on BlackRock’s IBIT began yesterday, proving to be a “feeding frenzy” with major inflows. Options trading may transform the Bitcoin ETF sector, but Grayscale will need to take advantage of this interest. Grayscale ETF Options Trading According to a…

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BIS report on DeFi activity reveals institutional traders heavily outmaneuver retail on Uniswap

The Bank for International Settlements (BIS) has revealed that institutional players dominate liquidity provision on decentralized exchanges (DEXs) like Uniswap, according to a Nov. 19 report, In a recent report titled “Decentralized Dealers,” the BIS analyzed the behavior of sophisticated and retail participants in Uniswap v3’s liquidity pools. The study examined their responses to market activities…

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ETH Price Stalls as Ethereum DApp Volumes Hit 38% Monthly Growth

Ethereum (ETH) dominates in on-chain activities as it generated $163.7 million in fees in the last 30 days against the $133.4 million recorded by Solana (SOL). Ethereum also recorded an on-chain volume of $149.9 billion, outshining BNB Chain, which has a lower transaction fee.  Ethereum (ETH) is struggling to retest its crucial resistance level at…

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