Sonic SVM, the first chain extension for Solana, has launched its $1 million Mobius Hackathon, inviting developers to build decentralized applications (dApps) on its gaming-optimized platform. The event, which begins on February 17 and runs until March 14, aims to accelerate innovation across multiple blockchain verticals, including gaming, decentralized finance (DeFi), and artificial intelligence (AI).
Solana is defying the market downturn, generating significantly more revenue than Ethereum. Data collected by blockchain researcher Aylo shows Solana-based apps pulled in ten times more revenue than their Ethereum-based counterparts. Speculation as an Economic Backbone Aylo’s figures revealed Solana’s stronghold is on-chain activity. In the last 24 hours, apps on the network generated $8.4
Binance Coin (BNB) has overtaken Solana (SOL) in market capitalization, solidifying its position as the fifth-largest cryptocurrency in the market. This shift comes in the wake of a strong price rally for BNB, while Solana struggled with recent declines. BNB Up, Solana Down At the time of this writing, BNB’s market cap stood at $102.9
Out of the 82 tokenized projects that emerged from the Solana AI Hackathon, only 27 have managed to sustain a market cap above $1 million. The latest figure revealed a sobering statistic that highlights the brutal reality of this fast-moving sector. Market Chaos Hits AI Tokens According to Nansen’s latest findings, the biggest winners were
Bloomberg ETF analysts James Seyffart and Eric Balchunas have released their latest approval odds for spot altcoin exchange-traded funds (ETFs) in 2025, with Litecoin emerging as the strongest contender. Seyffart believes that the Litecoin ETF has the highest probability of approval since the U.S. Securities and Exchange Commission (SEC) does not classify it as a
The research arm of the world’s largest crypto exchange, Binance, has released a report highlighting insights for the digital asset market in January 2025. It outlined how the crypto market reacted to several factors, including United States policy narratives, in the first few weeks of the year. According to Binance Research, early January saw the
The U.S. Securities and Exchange Commission (SEC) has acknowledged Grayscale’s filing for a Solana-based exchange-traded fund (ETF). It is the first time the agency has engaged with an ETF proposal tracking a cryptocurrency that was once considered a security. ‘A Positive Sign’ The acknowledgment, relayed on February 6, caught many by surprise, given that just
Two law firms – Burwick Law and Wolf Popper LLP – have issued a cease-and-desist letter to the Solana-based meme coin creation platform PumpFun, demanding the immediate removal of the Dogshit2 token and other related coins deployed on the Solana blockchain that utilize unlicensed intellectual property from their firms. According to the law firms, PumpFun
Investment in digital asset products saw total inflows of $527 million last week. However, intraweek flows revealed fluctuating investor sentiment, largely driven by broader market concerns, including the DeepSeek news, which led to $530 million in outflows on Monday. Despite this initial decline, the market recovered with over $1 billion in inflows later in the
Solana is currently dominating the retail decentralized exchange (DEX) market and accounts for 48% of total DEX volume. In fact, nearly 60% of this activity is driven by the popular Solana-based meme coin platform pump.fun transactions, according to OKX’s recent report shared with CryptoPotato. Solana vs. Ethereum While Solana leads in overall transaction volume, Ethereum