Subscribe to our Telegram channel

Solana blockchain tokens have risen sharply by more than 30%

1:46 pm, August 7, 2024

The Solana blockchain-based digital assets have experienced a significant increase. The value of SOL has jumped 38% from Monday’s lows.

Trading volumes on the Solana network more than doubled to more than $ 3.3 billion, up from $ 1.5 billion on Monday. Consequently, daily fees increased to at least $ 750,000. The popular Pump platform, used to issue new Solana-based meme tokens, also showed a significant increase in revenue. Over the past 24 hours, Pump’s fees have totaled $ 535,000, up from less than $ 300,000 on Monday.

The increase in prices and trading volumes indicates an increase in activity and risk among traders. Analysts attribute this jump to hopes for the approval of ETFs (exchange-traded funds), which could have a positive impact on the cryptocurrency market.

This event confirms the growing popularity and influence of Solana in the cryptocurrency industry. The platform continues to attract new users and increase its trading volumes despite market fluctuations.

The sharp growth of Solana-based tokens demonstrates the potential and prospects of this platform. Investors and traders are actively using the opportunities offered by the Solana blockchain to implement their strategies.

Subscribe to our Telegram channel

BTC

$65,595.45

-0.02%

ETH

$2,654.09

-0.72%

BNB

$596.74

-0.55%

XRP

$0.64

4.17%

SOL

$158.75

1.54%

All courses
Subscribe to our
Telegram channel!
The latest news and reviews of the cryptocurrency markets of the last
day right in your messenger. We are waiting for you!
GO TO
Show more