Solana liquid staking tokens (LSTs) are increasing SOL onchain activity as TVL crosses $5.5 billion.
Bitcoin turned down from $70,000, a sign that bears are fiercely defending the overhead resistance, but the price whipsaws are having limited impact on altcoins.
On July 28, Solana topped $5.5 million in daily total fees, the highest for the network in three months.
The Solana memecoin creation tool’s cumulative fee revenues are approaching $75 million, according to DefiLlama.
Crypto exchange Bitget and Nansen Research collaborated to help exchanges evaluate potential of a cryptocurrency depending on the token cycle.
It’s unclear at this time whether illicit activity has taken place, but a series of red flags has brought the token under scrutiny.
Bitcoin remains on target to reach $70,000, and if that happens, XRP, KAS, STX and JASMY could find buyers.
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Altcoins are in accumulation territory after experiencing a drawdown over the last 3 months.