Solana reached a new alltime high in daily revenue and fees due to the growing popularity of memecoins. Often called the Ethereum killer, Solana is now outperforming competitors in transaction speed and efficiency. The blockchain has broken records in total value locked TVL fees and revenue. This article breaks down the key numbers and technical reasons behind Solana's meteoric rise.   Quick Take Memecoins Push Solana to Record Revenue: Meme coin popularity drove Solana to break records in daily revenue and transaction fees. Platforms like Pump.fun brought in $2.4 million in daily revenue. Raydium Powers Solana’s Growth: Raydium the top DEX on Solana generated $15 million in daily fees. Solana’s speed of 65,000 transactions per second gave Raydium a massive advantage over Ethereum’s 15–30 transactions. Solana Overtakes Ethereum: Solana outperformed Ethereum in fees and revenue. It recorded $11.8 million in fees compared to Ethereum's $6.32 million. Solana’s low fees and high scalability made it a preferred choice for fast and affordable blockchain use. Solana Achieves Record-Breaking Revenue and Fees   Source: SOL/USDT 1 Week Chart KuCoin   Solana recently achieved $11.8 million in transaction fees within a single day. This surpasses Ethereum’s $6.32 million. The key to this milestone lies in Solana's proof of stake system which offers far lower fees and faster transactions than Ethereum's proof of work model. Solana's speed and efficiency attract users looking for affordable and quick blockchain solutions.   On the same day Solana generated $5.9 million in revenue. This figure was driven by increased activity in decentralized finance DeFi and memecoins. Only Tether managed to outperform Solana in revenue hitting $13.3 million. Total value locked in Solana's DeFi sector surged to $8.35 billion making it one of the top DeFi ecosystems. TVL is a measure of the total capital staked on the network. It shows investor confidence and interest. Solana’s current TVL level is challenging Ethereum which holds $20.5 billion. This achievement highlights Solana’s potential to dominate the blockchain market by attracting liquidity and staked assets.   DeFi TVL: Ethereum vs. Solana | Source: DefiLlama    Raydium’s Contribution to Solana’s Success   Raydium, the largest decentralized exchange on Solana, played a major role in this record breaking performance. In just 24 hours Raydium generated $15 million in fees making it the top contributor to the network's earnings. During the same period Raydium earned $1 million in revenue. This reflects significant trading volume and strong user engagement.   Raydium is popular because it offers low fees and quick trades which attract both retail and institutional investors. Solana’s ability to process 65,000 transactions per second gives Raydium an edge over Ethereum which handles only 15 to 30 transactions per second. This technical advantage makes Solana ideal for executing a high number of trades especially during surges in market activity. The combination of speed and affordability creates a platform where traders can transact efficiently without the slowdowns seen on Ethereum.   Pump.fun and the Memecoin Frenzy   Memecoins have become a powerful trend and Solana has capitalized on this through the Pump.fun launchpad. Pump.fun earned $2.4 million in daily revenue which exceeded Bitcoin's $2.3 million revenue that day. This shows the considerable impact memecoins are having on blockchain ecosystems particularly those that can process a large volume of small transactions cost effectively.   The excitement around meme coin launches on Pump.fun led to increased revenue driven by numerous small trades. Solana's strengths—high throughput and minimal fees—make it perfect for this type of activity. memecoins generate buzz leading to many users making smaller transactions. Solana's infrastructure allows it to handle these volumes easily while keeping transaction costs very low.   Pump.fun's performance highlights how memecoins are more than just a passing trend. They are fueling mainstream adoption and engagement with blockchain technology. By attracting different types of investors—from seasoned traders to newcomers—memecoins have boosted Solana’s activity, pushing the network to set new records. Platforms like Pump.fun help demonstrate that memecoins are a key factor in the growing popularity of decentralized finance and blockchain technology on Solana.   Read More: Trending Memecoins to Watch This Week as Crypto Market Sees Record Highs   Solana’s Impressive Market Performance   The value of Solana's native token SOL has risen substantially showing strong market performance. Over the past year SOL rallied by 295%. This growth boosted its market cap to $113 billion making it the fourth largest cryptocurrency. SOL is narrowing the gap with Tether which holds a market cap of $128.8 billion. This closing gap shows increasing interest in Solana among traders and investors.   On November 19 SOL reached a price of $247 its highest level since November 2021. Though it slipped slightly by 1.8% ending at $238 the token remains just 8.7% away from it's all time high of $260. The price surge reflects growing investor confidence in Solana's potential. More projects are launching on the platform and the need for SOL has risen. SOL is required for transactions staking and other network activities. This demand has pushed the value of SOL up considerably.   Solana vs. Ethereum: A Comparison   Solana throughput | Solana Explorer    Ethereum is still the most well known smart contract platform but Solana's recent accomplishments show it is gaining significant ground. During the day Solana set new records Ethereum earned $6.32 million in fees and $3.6 million in revenue. In contrast Solana brought in $11.8 million in fees and $5.9 million in revenue. These figures show that users are favoring Solana for its low cost and high speed transactions. A major factor in Solana's recent success is its much lower transaction fees. The average fee on Solana is $0.00025 compared to $4.12 on Ethereum. This makes Solana far more appealing especially for those making smaller transactions or needing high throughput such as in NFT markets and DeFi. Solana's scalability also stands out. The network can process 65,000 transactions per second while Ethereum can only handle 15 to 30. This scalability ensures that as demand grows Solana can maintain its speed and efficiency unlike Ethereum which often struggles with congestion.   Read More: Solana vs. Ethereum: Which Is Better in 2024?   Conclusion   Memecoins have driven Solana to record highs in revenue fees and total value locked. Platforms like Raydium and Pump.fun have been instrumental in this success demonstrating the power of memecoins and DeFi to fuel blockchain growth. With its scalable infrastructure, low fees and high throughput, Solana continues to challenge Ethereum’s dominance and gain ground in the market. As memecoins gain further traction Solana is well positioned to sustain this momentum and reshape the future of decentralized finance. Read more: Top Solana Memecoins to Watch

Bitcoin briefly surged to $96,699, hitting a new all-time high on November 20th, and is currently priced at $96,620, while Ethereum is at $3,102, up by 1% in the past 24 hours. The market's 24-hour long/short ratio in the futures market was almost balanced at 50.4% long versus 49.6% short positions. The Fear and Greed Index, which measures market sentiment, was at 83 yesterday and maintains the Extreme Greed level at 82 today. The crypto market is experiencing an unprecedented surge, with Bitcoin reaching a new all-time high of above $96,699 today. Solana, driven by memecoin activity broke records in daily transaction fees and revenue. Meanwhile, MicroStrategy continues to grow its Bitcoin holdings, now surpassing cash reserves held by major corporations like Nike and IBM. This article explores the recent achievements of these major crypto players and examines their impact on the broader market.   What’s Trending in the Crypto Community?  MicroStrategy plans to sell $2.6 billion and use the proceeds to buy Bitcoin. MicroStrategy's market cap surpassed $110 billion, reaching an all-time high; it is now among the top 100 publicly traded companies in the U.S. by market cap. Sky (formerly MakerDAO): USDS is now live on the Solana network. Stripe launched a feature for B2B payments using stablecoins.  Crypto Fear & Greed Index | Source: Alternative.me    Trending Tokens of the Day  Top 24-Hour Performers  Trading Pair  24H Change FLOKI/USDT +10.86% XTZ/USDT +4.37% TAO/USDT +2.99%   Trade now on KuCoin   Read More: Bitcoin to $200K: Bernstein’s Prediction, MicroStrategy Buys $4.6 billion BTC, Goldman Sachs to Launch New Crypto Platform and More: Nov 19   Bitcoin Breaks $96K All-Time High: Is $100K Certain? Bitcoin surged to a new all-time high of $96,000 today following steady bullish momentum since the 2024 election. Despite some initial hesitation Bitcoin has remained strong as it moves closer to the psychological $100,000 level. This massive run began after the U.S. election with Bitcoin emerging as the big winner among various market assets.   Source: BTC 1 Day KuCoin Chart   BTC/USDT faced significant resistance at key levels like $90,000 and $85,000 but buyers showed aggressive support forming a series of higher lows. This pattern led to an ascending triangle which indicated a breakout was coming. Now with Bitcoin at $96,000 the next major target is the iconic $100,000 level—a mark that could ignite excitement and media attention across financial markets.   Key Levels and Buyer Sentiment Bitcoin's journey over the past few weeks has shown the importance of psychological price levels. The $90,000 mark was crucial, acting as both a barrier and eventually a launching pad for the next leg up. As bulls pushed higher $93,500 held as resistance twice creating a foundation for support at each pullback. This behavior highlighted buyer interest at lower levels rather than the top indicating a willingness to defend support zones.   The current challenge lies in maintaining momentum as BTC nears $96,000. If this level sees some initial resistance, past areas of interest including $93,500 and $91,804 may provide much-needed support. As long as Bitcoin can hold above $90,000 the bullish sentiment will remain intact increasing the likelihood of further gains.   The Quick Path to $100K   With Bitcoin now trading at $96,000 the question on everyone's mind is whether it can reach $100,000 soon. Major psychological levels like $100,000 can bring heightened volatility and increased attention but they also come with risk. Investors looking to enter or add to long positions should consider potential pullbacks as opportunities rather than chasing prices at highs. A level like $96,000 could bring some resistance but if Bitcoin finds support at previous resistance points the road to $100,000 could be clear.   Bitcoin's recent rally to $96,000 shows its resilience and the confidence buyers have in pushing prices higher. As we approach the significant $100,000 level caution is necessary but the overall trend remains bullish. If support holds at key levels like $93,500 or $91,804 Bitcoin could continue its climb and break into six figures setting a new milestone for the largest cryptocurrency in the world. The coming weeks will be crucial as Bitcoin aims to achieve this long-anticipated mark potentially rewriting the landscape of global finance.   Read more: Bitcoin Price Prediction 2024-25: Plan B Forecasts BTC at $1 Million by 2025   Memecoins Drive Solana to Record $8.35 Billion Revenue Source: SOL/USDT 1 Week Chart KuCoin   Solana reached a milestone with $11.8 million in daily transaction fees and $5.9 million in revenue. Fueled by the meme coin craze Solana outperformed Ethereum in fees and user activity. The total value locked (TVL) in Solana's DeFi ecosystem hit $8.35 billion showing strong investor confidence and significant liquidity inflow.   Raydium Solana's top decentralized exchange generated $15 million in fees and $1 million in revenue over 24 hours. Solana's ability to handle 65,000 transactions per second with low fees has made it a favorite among traders seeking fast and cost-effective transactions. Raydium’s success reflects the broader surge in Solana's network activity.   Pump.fun a memecoin launchpad on Solana brought in $2.4 million in daily revenue surpassing Bitcoin’s $2.3 million. This shows how meme coins have driven intense activity and increased engagement on Solana.   Solana's token SOL saw a 296% rally this year reaching a market cap of $113 billion with a peak price of $247 on November 19. SOL is now the fourth-largest cryptocurrency closing in on Tether's $128.8 billion market cap.   With an average transaction fee of $0.00025 compared to Ethereum's $4.12 and the capacity to handle 65,000 transactions per second Solana offers better scalability and cost efficiency. As meme coins and DeFi services grow in popularity Solana continues to draw users and investors positioning itself for sustained growth and a stronger role in the crypto market.   DeFi TVL: Ethereum vs. Solana | Source: DefiLlama   Read more: Top Solana Memecoins to Watch in 2024   MicroStrategy’s $26 Billion Bitcoin Now Outpaces Nike and IBM Cash Holdings Source: Bloomberg   MicroStrategy now holds $26 billion in Bitcoin after the price surged to $90,000 last week. This amount surpasses cash reserves held by major companies including Nike and IBM. MicroStrategy, one of the largest Bitcoin holders, began accumulating in 2020 making it the first company to adopt Bitcoin as a reserve asset. The company’s Bitcoin value currently rivals ExxonMobil’s treasury and stands just below Intel’s $29 billion and General Motors’ $32 billion.   The company has accumulated 279,420 BTC to date and has seen its stock price jump from $15 to $340—a 2,100% increase since it began investing in Bitcoin. MicroStrategy plans to acquire more Bitcoin over the next three years under the 21/21 Plan aiming to spend $42 billion—$10 billion in 2025, $14 billion in 2026 and $18 billion in 2027. This plan would bring the company’s holdings to approximately 580,000 BTC, around 3% of the total supply.   MicroStrategy has secured funding from equity and fixed-income securities totaling $21 billion for the acquisitions. In October 2024 the company purchased 7,420 BTC worth $458 million followed by an additional 27,200 BTC in November worth $2 billion. Bitcoin continues to dominate the crypto market with trading volume hitting $43 billion in the past 24 hours. MicroStrategy’s aggressive approach makes it a major player in the Bitcoin market outperforming traditional corporate cash holdings.   MicroStrategy's aggressive Bitcoin strategy continues to set it apart from traditional corporations making it one of the most significant players in the crypto space. By surpassing corporate giants like Nike and IBM in cash reserves through Bitcoin the company highlights the shifting landscape of corporate treasury management. With plans to acquire even more BTC MicroStrategy shows unwavering confidence in Bitcoin's long-term value positioning itself to shape the future of digital finance.   Conclusion The crypto market's momentum shows no signs of slowing down. Bitcoin's climb to $96,000 Solana's record-setting revenue and MicroStrategy's massive Bitcoin holdings underscore the growing significance of digital assets in both retail and institutional finance. As these cryptocurrencies push toward new milestones their influence on global financial systems continues to expand, reshaping how both investors and corporations perceive value in the digital age. The coming months will be crucial as these projects aim to further solidify their roles in the evolving financial landscape.

The memecoin market is buzzing with activity as the crypto market reaches new heights, driven by Bitcoin’s record-breaking rally above $90,000. From viral sensations like Peanut the Squirrel (PNUT) to established favorites like Dogecoin (DOGE), memecoins are capturing investor attention with massive gains and strong community support. The total market cap of the memecoin sector has crossed $125 billion at the time of writing while its 24-hour trading volume holds above $31 billion, as per data on CoinGecko. Here’s a look at the top meme coins to watch this week. Quick Take Peanut the Squirrel (PNUT) is up 3100% since launch; whale activity signals strong demand. Pepe (PEPE) price is eyeing $0.00003; recent Robinhood listing sparks renewed investor interest. Bonk (BONK) surges 30% after token burn announcement; now Solana’s second-largest memecoin by market cap. Dogecoin (DOGE) reaches $0.37; analysts predict a potential rally to $0.73. Floki (FLOKI) gains 44% weekly gains on Coinbase roadmap addition; long-term rally predicted. Goatseus Maximus (GOAT) hits all-time high of $1.36; technical indicators suggest potential correction. Dogwifhat (WIF) price prediction anticipates a 22% rally in the short-term despite a recent whale sell-off put downward pressure on its price.  Top memecoins today | Source: Coinmarketcap    Discover the top trending memecoins to watch this week as the crypto market hits new highs. From PNUT's 2000% rally to Dogecoin's resurgence, explore key updates on the hottest tokens and what’s driving their growth.   1. Peanut the Squirrel (PNUT) Becomes a Breakout Star After 3100% Gains  PNUT/USDT price chart | Source: KuCoin   Peanut the Squirrel (PNUT) is making waves, with its price skyrocketing over 3100% since launch, including KuCoin’s major markets such as PNUT/USDT on spot trading and PNUT Perpetual/USDT on the futures market. Inspired by a viral internet squirrel, this Solana-based memecoin has quickly captured investor interest. Over the weekend, a crypto whale withdrew $7.12 million worth of PNUT from Binance, signaling confidence in the token’s potential.   PNUT’s trading volume surged to $1.7 billion, making it the fourth-best-performing cryptocurrency in the past 24 hours. As its market cap reaches $1.72 billion, analysts are eyeing further gains, fueled by strong social media momentum and retail interest.   Read more: $PNUT Crosses $1 Billion Market Cap—Is the Hype Real?   2. Pepe (PEPE) Gears Up for New All-Time Highs After 65% Gains in 1 Week PEPE/USDT price chart | Source: KuCoin   Pepe (PEPE), one of the most popular memecoins, is gaining traction again. After a bullish breakout, the token rallied over 65% this week, hitting $0.00001896. The recent listing on Robinhood and Coinbase has amplified trading volumes, driving PEPE's market cap to $7.63 billion.   Technical indicators show strong capital inflows, with PEPE holding above key Fibonacci support levels. Analysts predict PEPE could reach $0.00003, driven by its growing community and bullish momentum. However, as with all memecoins, risk management is crucial due to potential price volatility.   3. Bonk (BONK) Surges 95% Ahead with Token Burn Announcement BONK/USDT price chart | Source: KuCoin   Solana-based Bonk (BONK) has climbed 95% in the past week following the announcement of its ambitious “BURNmas” campaign. The Bonk DAO plans to burn 1 trillion tokens by Christmas Day, reducing the circulating supply and boosting investor sentiment.   BONK's trading volume rose 73% over the past 24 hours, with its market cap reaching $3.94 billion. The campaign has driven increased social interest, positioning BONK as the second-largest Solana memecoin, overtaking Dogwifhat (WIF) briefly before dipping to number 2 in the list. Analysts expect BONK’s price to maintain its upward trajectory as the burn event approaches.   Read more: Top 10 Dog-Themed Memecoins to Watch in 2024   4. Dogecoin (DOGE) Eyes a New Rally After 26% in a Week DOGE/USDT price chart | Source: KuCoin   Dogecoin (DOGE) continues to hold its place as the king of memecoins. Trading at $0.37, DOGE has seen a significant resurgence, with a 26% rally over the past week. Analysts suggest the token may be poised for another bull run, with predictions of a rally to $0.73.   DOGE’s recent momentum is supported by speculation around Elon Musk’s involvement in U.S. crypto policy through D.O.G.E. (Department of Government Efficiency) and the broader market’s pro-memecoin sentiment. With its strong community and historical performance, DOGE remains a top contender for investors seeking memecoin exposure.   Read more: $DOGE Sees Nearly 75,000 New Dogecoin Wallets During BTC Bull Run Fueling 140% Price Surge   5. Floki (FLOKI) Gains 44% in a Week on Coinbase Listing Roadmap FLOKI/USDT price chart | Source: KuCoin   Floki (FLOKI) surged following its addition to Coinbase’s listing roadmap. The token, which serves as the utility currency for the Floki ecosystem, climbed from $0.000217 to $0.000239 within hours of the announcement. FLOKI’s partnership with the KICK F1 Sim Racing Team has also bolstered its visibility, enhancing its appeal to both crypto and gaming communities.   Analysts predict FLOKI could surpass the $0.0005 mark, driven by increased exchange listings and growing interest in its utility-focused ecosystem.   6. Goatseus Maximus (GOAT) Hits Record Highs After 30% Gains GOAT/USDT price chart | Source: KuCoin   Ai memecoin Goatseus Maximus (GOAT) reached a new all-time high this week, with its price peaking at $1.22. While the memecoin’s ADX and RSI indicators suggest a slight cooling off in momentum, its EMA lines continue to reflect strong bullish trends.   If GOAT maintains its current trajectory, it could see further gains. However, a potential correction to $0.76 remains possible if profit-taking intensifies.   7. Dogwifhat (WIF) Poised for a 2% Rally Despite Recent Volatility WIF/USDT price chart | Source: KuCoin   Dogwifhat (WIF), a Solana-based memecoin, is positioned for a potential 22% rally after breaking out of a bullish descending triangle pattern. Currently trading at $3.66, WIF has experienced a price surge of over 54% in the past week. Technical indicators, including its position above the 200-day EMA and an RSI signaling upside potential, suggest further bullish momentum. Analysts predict WIF could reach $4.70 if it sustains its breakout trajectory, driven by strong trader interest and a rising open interest (OI) that surged 12% in the last 24 hours.   However, recent whale activity has injected uncertainty into WIF's price action. A significant holder sold 850,000 WIF tokens, pocketing $7.5 million in profits, which led to a 15% intraday price drop. Despite this sell-off, the whale retained 50,000 WIF, reflecting continued confidence in the token’s potential. While trading volume dipped by 55%, WIF’s long/short ratio on Binance remains bullish, with 68.4% of traders holding long positions. This combination of technical and market signals indicates that WIF could sustain its upward momentum, though traders should remain cautious of volatility.   8. DOG: Bitcoin’s Native Memecoin Hits New Heights DOG price chart | Source: Coinmarketcap   DOG, a Bitcoin-native memecoin, has seen an 75% surge this week, reaching $0.0077. The rally follows its recent Kraken futures listing, sparking speculation about further exchange listings, including Binance. Built on the Bitcoin blockchain using the Runes protocol, DOG is now the most widely held Runes token, with a market cap of $775 million at the time of writing.   DOG’s success aligns with two major crypto trends: Bitcoin’s dominance and the growing popularity of memecoins. As traders anticipate potential listings on major exchanges, DOG’s position atop the Runes leaderboard underscores its appeal. While its momentum is strong, high volatility makes cautious trading essential for investors.   Read more: What Is Runes Protocol? Bitcoin’s Latest Fungible Token Standard   Conclusion Memecoins are taking the spotlight this week, with Peanut the Squirrel, Pepe, and Bonk leading the charge. While these tokens offer opportunities for significant gains, their high volatility demands careful risk management. As the crypto market surges to new highs, the memecoin sector continues to evolve, attracting both retail and institutional interest. Stay tuned for more updates on these trending tokens as the market heats up.   Read more: Solana Leads 89% New Token Launches, Bitcoin’s Path to $100K in November, and $PNUT’s Meteoric $1 Billion Rise: Nov 15

Solana-based memecoin Peanut the Squirrel ($PNUT) crossed the $1 billion market cap and caught traders' attention on Nov.14. As $PNUT's price rises, many wonder if it's a lasting success or another bubble.   $PNUT Price Trend | Source: KuCoin   In a few days, $PNUT surged 266.17%, pushing its market cap to $1.68 billion. The current price is $1.68. This growth surprised even seasoned traders. Rapid growth brings risks. The Fear and Greed Index for $PNUT is at 84, showing extreme greed. High optimism can push prices higher but also lead to sharp corrections. Memecoin markets are volatile, and $PNUT is no exception.   Technical analysts remain cautiously optimistic. Some predict $PNUT could reach $4.73 by December, representing another 211.12% gain. This forecast comes from trading volumes, technical indicators, and memecoin momentum. Yet, the history of memecoins like Dogecoin and Shiba Inu shows that rapid gains often end in corrections.   $PNUT's volatility remains a key risk. Over the past 30 days, $PNUT had 50% of days in the green. This signals growing confidence but doesn't guarantee long-term stability. Memecoins rely on community sentiment and speculation rather than strong fundamentals, making prices unpredictable. Potential investors must weigh the risks. The best advice is to invest only what you are willing to lose. Memecoins offer big rewards but carry major risks.   Read Also: Solana Leads 89% New Token Launches, Bitcoin’s Path to $100K in November, and $PNUT’s Meteoric $1 Billion Rise: Nov 15   Is Peanut the Squirrel (PNUT) a Good Investment? Investing in Peanut the Squirrel (PNUT) comes with several potential advantages:   Rapid Market Growth: Since its launch, PNUT has seen impressive price increases, including a 133% rise in one day and now 806% in one week, showing strong market interest. High Trading Volume: PNUT has reached trading volumes of up to $300 million, indicating active market participation. Influential Endorsements: Figures like Elon Musk have commented on Peanut, bringing extra attention to the token. Exchange Listings: Listings on major exchanges like KuCoin have improved accessibility and liquidity, boosting PNUT's price. Community Engagement: PNUT has attracted a dedicated community, creating support that helps drive growth and stability. These factors highlight PNUT's potential, but it's crucial to remember that it is a memecoin and highly volatile. Always conduct thorough research and consider your risk tolerance before investing.   How to Buy $PNUT on KuCoin Choose how you want to buy Peanut the Squirrel on KuCoin, buying cryptocurrencies is easy and intuitive on KuCoin. Let's explore the different ways of buying Peanut the Squirrel (PNUT):   Buy Peanut the Squirrel (PNUT) with crypto on the KuCoin Spot Market With support for 700+ digital assets, the KuCoin spot market is the most popular place to buy Peanut the Squirrel (PNUT). Here's how to buy:   1. Buy stablecoins such as USDT on KuCoin using the Fast Trade service, P2P, or through third-party sellers. Alternatively, transfer your current crypto holdings from another wallet or trading platform to KuCoin. Make sure your blockchain network is correct, since depositing crypto to the wrong address may result in loss of assets.   2. Transfer your crypto to a KuCoin Trading Account. Find your desired PNUT trading pairs in the KuCoin spot market. Place an order to exchange your existing crypto for Peanut the Squirrel (PNUT).   Tip: KuCoin offers a variety of order types to buy Peanut the Squirrel (PNUT) in the spot market, such as market orders for instant purchases and limit orders for buying crypto at a specified price. For more information about order types on KuCoin, click here.   3. As soon as your order is successfully executed, you will be able to see your available Peanut the Squirrel (PNUT) in your Trading Account.   How to Store Peanut the Squirrel (PNUT) The best way to store Peanut the Squirrel (PNUT) varies based on your needs and preferences. Review the pros and cons to find the best method of storing Peanut the Squirrel (PNUT).   Store Peanut the Squirrel in Your KuCoin Account Holding your crypto in your KuCoin account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. KuCoin serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own. Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.   Hold Your Peanut the Squirrel in Non-Custodial Wallets "Not your keys, not your coins" is a widely recognized rule in the crypto community. If security is your top concern, you can withdraw your Peanut the Squirrel (PNUT) to a non-custodial wallet. Storing Peanut the Squirrel (PNUT) in a non-custodial or self-custodial wallet grants you complete control over your private keys. You can use any type of wallet, including hardware wallets, Web3 wallets, or paper wallets. Note that this option may be less convenient if you wish to trade your Peanut the Squirrel (PNUT) frequently or put your assets to work. Be sure to store your private keys in a secure location as losing them may result in the permanent loss of your Peanut the Squirrel (PNUT).   Conclusion $PNUT's rise to a $1 billion market cap impresses, but sustainability remains in question. The memecoin's rapid growth draws attention, yet high volatility and market sentiment suggest caution. Whether $PNUT continues its climb or faces a correction is uncertain. For now, it has earned its place in crypto history, and investors are watching closely.    Read More: Top Solana Memecoins to Watch in 2024   

Solana (SOL) has seen an impressive rally this week, jumping over 25% to touch the $200 mark. This price surge aligns with broader crypto market gains following the U.S. election, which signaled a pro-crypto administration. Solana’s growth also comes alongside key ecosystem developments, including Coinbase’s launch of cbBTC on Solana, the debut of Eclipse, and a memecoin boom led by Pump.fun.   Quick Take SOL’s price jumped 25% this week, fueled by demand and strong on-chain metrics.The $200 level is in focus, with potential to breach higher resistance at $210. Coinbase launched wrapped Bitcoin (cbBTC) on Solana, enhancing DeFi capabilities. Eclipse, the first Ethereum layer-2 network based on Solana, has gone live. Open interest for SOL futures hit record highs, indicating rising institutional interest. Staking deposits surged, reducing SOL’s tradeable supply and strengthening network stability. Record-High SOL Futures Open Interest at 21.1M SOL SOL OI-Weighted Fund Rate | Source: CoinGlass    Solana’s open interest in futures markets has also hit record highs, reflecting strong institutional demand. Futures open interest reached 21.1 million SOL this week, a new high in nominal terms with $4 billion in value. This increase in leverage signals potential for volatility but also highlights SOL’s popularity among institutional investors.   The current funding rate for SOL futures sits at a balanced 0.017%, showing a moderate bullish sentiment without excessive leverage. Such stability could allow SOL’s price to continue its upward trajectory if demand remains strong and liquidations are kept in check.   Read more: How To Arbitrage From Funding Fees Futures/Spot Hedging   SOL Staking Surge: Reducing Tradeable Supply Solana staking performance | Source: Staking Rewards    Staking activity among SOL holders has surged, adding an additional $1.3 billion worth of SOL to staking contracts over the past week. This move reduces the tradeable supply of SOL on exchanges, a trend that tends to support price increases during periods of high demand. Over 397 million SOL are now staked, showing that key stakeholders remain committed to long-term growth and network security.   Higher staking deposits also reinforce Solana’s blockchain, an important factor as the network has experienced stability issues in the past. With additional staked assets, Solana is better equipped to handle increased transaction volumes, which could be crucial in sustaining its growth momentum.   Read more: How to Stake Solana with Phantom Wallet Memecoin Mania on Solana: Pump.fun’s Impact Pump.fun daily volume | Source: Dune Analytics    The rise of Solana-based memecoins has become a significant driver of the SOL token’s recent performance, with platforms like Pump.fun leading the charge. Known as a launchpad for meme tokens, Pump.fun has issued over 3 million tokens, with cumulative token issuance growing by 36% since October. This influx of memecoins has bolstered activity on decentralized exchanges (DEXs) within the Solana ecosystem, including Raydium, which saw over $30 billion in trading volume in October alone.   Goatseus Maximus (GOAT), the leading token on Pump.fun, now boasts a market cap of $835 million. Other top memecoins like Fwog (FWOG) and Moo Deng (MOODENG) also contribute to Solana’s DEX volume, drawing users and investors. Although Pump.fun recently dropped out of the top 10 DeFi protocols by fees, it remains influential within the memecoin sector, driving high transaction fees and contributing to Solana’s on-chain metrics.   Coinbase Wrapped Bitcoin (cbBTC): Expanding Solana’s DeFi Reach In a significant move for Solana DeFi, Coinbase introduced wrapped Bitcoin (cbBTC) on the Solana blockchain. This new asset allows Solana users to access Bitcoin’s liquidity within Solana’s rapidly growing DeFi ecosystem. With cbBTC, Solana DeFi protocols can now support Bitcoin-backed transactions, lending, and other financial services, a critical function that previously required Ethereum bridging or other indirect methods.   This addition also addresses a gap left by the collapse of soBTC, Solana’s previous wrapped Bitcoin token that failed during the FTX exchange crash. As Coinbase’s first native token on Solana, cbBTC provides a high-liquidity option for Bitcoin holders, already circulating with an initial $10 million supply. This development could further enhance SOL’s DeFi ecosystem, offering users more options and aligning with Solana’s broader strategy to expand on-chain utility.   Eclipse Launch: Bridging Ethereum and Solana Another key event in Solana’s ecosystem is the launch of Eclipse, the first Ethereum layer-2 network based on Solana. Eclipse combines the strengths of both chains—Ethereum’s liquidity and decentralization with Solana’s speed and low transaction costs. By leveraging the Solana Virtual Machine (SVM), Eclipse allows users to transact on Ethereum more affordably while benefiting from Solana’s transaction speed.   Eclipse’s launch marks a unique integration that bridges two of the largest blockchain ecosystems, unlocking opportunities for decentralized applications across DeFi, consumer apps, and gaming. The project’s successful $65 million in funding underscores industry interest in this hybrid model, which could play a pivotal role in future blockchain interoperability.   Read more: Solana vs. Ethereum: Which Is Better in 2024?    Solana Price Prediction: Will SOL Break Past Key Resistance at $200? SOL/USDT price chart | Source: KuCoin   With SOL currently trading around $196, the $200 mark is within reach. This psychological level could attract more buying interest if breached, potentially setting up the token to test resistance at $210. A breakthrough here could pave the way for even higher gains, with targets around $225.   However, if SOL encounters resistance, support is anticipated at its Volume Weighted Average Price (VWAP) of $189. A dip below could see SOL retreat to $171, but the recent influx of staking activity and strong open interest indicate that dips may be bought up quickly.   Solana’s Growth Potential: What’s Next? The convergence of key developments in Solana’s ecosystem, from cbBTC’s launch to Eclipse’s debut and the booming memecoin market, indicates sustained growth potential. As Solana’s speed, low transaction costs, and expanding DeFi options attract more users, SOL’s bullish trajectory could continue, especially if market conditions remain favorable and network stability is maintained.   With the $200 level within reach, Solana is positioned to capitalize on its recent gains, and the strong demand from institutional investors and the memecoin sector provides a robust foundation for future price increases. As SOL continues to integrate DeFi and memecoins, it stands to reinforce its role as a leading blockchain in the crypto ecosystem.   Read more: Trump’s Win Sets BTC on Course for $100K, Solana Nears $200 and More: Nov 8

Bitcoin is once again in the spotlight. With the U.S. presidential election heating up, Bitcoin hit an all-time high of above  $75,000 on the election  day, driven by heightened volatility and speculation around election outcomes. While Bitcoin grabs the headlines, several other altcoins are also experiencing surges, driven by election-related optimism and broader market interest. Let’s explore the top altcoins to keep an eye on today.   Quick Take BTC reaches a new all-time high of above $75,000 before sliding lower, responding to early election results. Riding high on election-driven momentum, SOL's strong DEX volume has positioned it for a rally toward the $200 mark, supported by a robust technical setup and increased network activity. Surging 25% as Trump’s election odds rise, DOGE capitalizes on cultural ties and positive sentiment. Breaking key resistance levels, DOGE could reach new highs if the bullish momentum holds. Tracking the S&P 500, ETH shows potential for significant gains. Analysts speculate that ETH’s correlation with traditional markets could propel it toward new all-time highs, with whales accumulating in anticipation. With a 5% bounce at triangle support, SUI hints at a breakout above its symmetrical triangle. If it surpasses resistance, SUI could target a new high near $3, riding on a promising technical setup. Growing transaction volume across multiple industries reflects increased adoption. LTC’s technical signals indicate potential price targets between $72 and $108, with recent activity suggesting it’s becoming a go-to payment method for various sectors. Solana (SOL) SOL/USDT price chart | Source: KuCoin    Solana continues to stand out in the crypto market, driven by impressive decentralized exchange (DEX) trading volumes. With its $2.00 level firmly established as support, SOL is targeting a rally toward the $200 mark.   Why Is Solana Rallying?  Record-Breaking DEX Volume: Solana’s DEX volume has surpassed $26 billion, underscoring its growth. Technical Momentum: With an RSI near 64, SOL shows room for further gains without entering overbought territory. Potential Target: If SOL can hold above $200, it could soon test its all-time high at $236. Solana’s consistent volume and activity suggest strong market interest, with election-driven volatility adding fuel to its bullish outlook.   Read more: Solana vs. Ethereum: Which Is Better in 2024?   Dogecoin (DOGE) DOGE/USDT price chart | Source: KuCoin   Dogecoin is seeing a surge in interest as election results favoring Republican candidate Donald Trump come in. DOGE has risen over 25%, breaking the $0.20 level and outperforming many large-cap cryptos.   Why Is Dogecoin Trending Today?  Trump’s Election Odds: DOGE’s rally aligns with Trump’s rising odds, given the meme coin’s cultural ties to his campaign and support from figures like Elon Musk. Market Sentiment: Traders expect a sustained DOGE rally, with significant liquidations in the past 24 hours pointing to continued bullish momentum. Resistance Level: DOGE faces resistance near $0.1758; a successful breakout could push it to $0.21, marking a new yearly high. DOGE’s flipping XRP to become the seventh largest crypto by market cap today  reflects both the ongoing memecoin frenzy and upbeat market sentiment linked to political developments.   Read more: Best Memecoins to Know in 2024   Ethereum (ETH) ETH/USDT price chart | Source: KuCoin    Ethereum is another altcoin benefiting from the election frenzy. ETH has shown a strong correlation with the S&P 500, hinting at a bullish future if traditional markets remain supportive.   Can Ethereum Touch New Highs?  S&P 500 Correlation: ETH’s price moves in tandem with major stock indices, suggesting it could reach new heights if markets rally. Potential to Triple: Analysts speculate that ETH could see a massive upside, with a possible push toward the $10,000 mark. Technical Support: ETH remains strong, with whales actively accumulating, which could drive prices higher post-election. Ethereum’s positioning as a leading Layer-1 blockchain and its ties to traditional finance make it a prime altcoin to watch.   Read more: What Is The Surge Phase in Ethereum 2.0 Upgrade?   Sui (SUI) SUI/USDT price chart | Source: KuCoin    Sui is a relatively new player, but it has gained traction in recent months. The Layer-1 token has broken out above $2.00, spurred by significant DEX trading volumes and a strong community presence.   Can Rising DeFi Activity Take SUI to a New ATH?  DEX Milestone: SUI recently crossed $26 billion in DEX trading volume, signaling strong growth. Memecoin Craze: The recent surge in memecoins on Sui has fueled additional market activity, with the combined market cap of these tokens surpassing $171 million—an impressive 40% growth within 24 hours, drawing more traders and liquidity into the ecosystem. Technical Breakout: SUI’s breakout above resistance at $2.00 shows bullish strength, targeting $2.20 as the next resistance. Support Level: If SUI remains above $2.00, it could aim for ATH levels near $2.50. With high liquidity and support from active traders, SUI has the potential for further gains as the election drama unfolds.   Read more: Top Projects in the Sui Network Ecosystem to Watch in 2024   Litecoin (LTC) LTC/USDT price chart | Source: KuCoin   Litecoin has recently seen a notable increase in transaction volume, sparking discussions on its growing role as a digital payment method. This surge reflects a trend toward more practical applications across various sectors, from retail to iGaming.   Why Is Litecoin Price Rising?  Adoption Across Industries: Litecoin’s fast transaction speeds and low fees have made it popular in sectors like retail, hospitality, and travel. Many merchants are now integrating LTC for seamless payments, especially for international transactions. iGaming Popularity: The online gambling sector, particularly in Litecoin casinos, benefits from LTC's privacy and instant payouts, making it a preferred option for players valuing confidentiality. Transaction Volume Spike: Litecoin's recent transaction volume reached its highest level since May 2023, with 512 million LTC moved in just one week. Analysts view this as a signal of increasing utility rather than just trading, indicating a broader adoption of Litecoin for payments. Potential Price Movements: Increased activity could drive price volatility. Litecoin recently dipped slightly, possibly due to profit-taking, yet its strong network performance may contribute to upward momentum in the near future. Litecoin Price Prediction Litecoin’s consistent transaction growth and adoption position it as a viable option for digital cash in real-world applications. Analysts are optimistic, with potential price targets ranging from $72 to $108, though recent indicators show mixed signals.   Read more: How to Mine Litecoins: The Ultimate Guide to Litecoin Mining   MAGA (TRUMP) TRUMP price chart | Source: CoinMarketCap    MAGA, a Trump-inspired memecoin, has gained significant traction in recent days, reflecting the broader interest in Trump-themed cryptos amid the ongoing U.S. election. Currently trading at $3.78, MAGA has seen a 14% increase over the past 24 hours, benefiting from both increased network usage and bullish sentiment tied to Trump’s election prospects.   Can MAGA (TRUMP) Rally Higher?  Rising Demand and Network Activity: MAGA’s daily active addresses have surged, with the metric climbing from 903 to 2,606 over the past few days. This increase in network activity reflects growing demand for MAGA and suggests an uptick in user engagement with the coin. Network Growth Surge: MAGA’s Network Growth, which measures new addresses created on the blockchain, has also hit new highs. Rising from 326 to 1,226, this metric indicates increased adoption and traction for the Trump-themed coin. Whale Accumulation: Supply distribution data reveals that whales holding between 1 million and 10 million MAGA tokens have increased their holdings significantly, while those with smaller wallets appear to have sold. This accumulation trend among large holders points to growing confidence in MAGA’s potential. The rise in MAGA’s on-chain metrics and whale activity, coupled with heightened interest in Trump-themed assets, suggests that MAGA may have further room to grow, though investors should remain cautious given the volatile nature of memecoins.   Read more: Top PolitiFi and Trump-Themed Coins Amid US Elections 2024   Conclusion The U.S. election is contributing to heightened volatility across the cryptocurrency market, with Bitcoin’s record-breaking $75,000 high providing momentum for several altcoins. Each of these assets, from Solana’s strong DEX presence to Dogecoin’s meme-fueled rally and Ethereum’s alignment with traditional market trends, holds a unique position.   While these altcoins show potential for gains, it’s essential to remember the inherent risks in volatile markets, especially during periods of significant global events. Market conditions can shift rapidly, and investors should consider their risk tolerance and conduct thorough research before making any decisions.   Read more: $4 Billion Crypto Bets on Election Day, Bitcoin Reaches New High and More: Nov 6

KuCoin has launched pre-market trading of Grass (GRASS), generating excitement ahead of the upcoming GRASS airdrop. The average pre-market price currently stands at 0.87 USDT, showing a promising trend. With the GRASS Airdrop One scheduled for October 28, 2024, at 13:30 UTC, traders and participants are preparing to secure their positions before the official token launch.   Quick Take The GRASS token is currently trading at an average price of 0.87 USDT on KuCoin pre-market.  For the first Grass Network airdrop, 100 million GRASS tokens—10% of the total supply—will be given out.  Those eligible to receive tokens during the Grass airdrop campaign include Alpha testers, GigaBuds NFT holders, and other contributors to the network. As per the project roadmap, the GRASS token will be used for governance, staking, accessing bandwidth, and paying transaction fees within the Grass network. What Is Grass Network (GRASS)?    The Grass Network is designed to change how internet connectivity works by letting users sell unused bandwidth through a decentralized model. This contrasts with traditional networks, where corporations control data and profits. With Grass, users earn passive income while maintaining ownership over their contributions.   The infrastructure includes routers that connect nodes across regions, ensuring low-latency web traffic. Additionally, the network features Live Context Retrieval (LCR) to provide a transparent search experience without advertising interference. This approach aims to build the first user-owned map of the internet by empowering participants through decentralization.   Read more: What Is Grass Network (GRASS) and How to Earn Passive Income from It?   When Is the Grass Airdrop?  Source: Grass Foundation on X    The Grass Airdrop One is scheduled for October 28, 2024, at 13:30 UTC. To be eligible, users must have earned 500 or more Grass Points during any epoch and linked their Solana wallet to the Grass dashboard by October 14, 2024, at 20:00 UTC. This airdrop rewards early supporters and contributors, marking an important milestone in the development of the Grass Network​.    Read more: Top DePIN Crypto Projects to Know in 2024 GRASS Airdrop Breakdown and Eligibility Source: Grass Foundation on X    The Grass Foundation's first airdrop distributes 100 million GRASS tokens, accounting for 10% of the total 1 billion token supply. Allocation details are as follows:   9% to users with 500+ Grass Points during the Network Snapshot (Epochs 1-7). 0.5% to GigaBuds NFT holders, with 515 GRASS allocated per eligible NFT. 0.5% to users who installed the Desktop Node or Saga Application and earned Grass Points. Eligible participants can check their airdrop allocation using the official Grass eligibility tool. Claiming will open soon, and additional allocations are expected as the network evolves.   Incentive Programs and Future Token Releases The phased token release strategy ensures sustainable growth, with only 10% of the supply airdropped initially. The remaining 90% will be released periodically, supporting liquidity, staking incentives, and community-building initiatives.   The referral program offers an additional layer of rewards, giving participants 20% of the points earned by their direct referrals. This approach aligns individual incentives with the network’s long-term expansion goals.   GRASS Token Utility  The GRASS token is central to the network’s goal of creating a user-owned internet. Its design ensures a sustainable balance between governance, staking rewards, and bandwidth access.   Key Use Cases Governance: Token holders propose and vote on network improvements, determine incentive mechanisms, and align on partnerships. Staking Rewards: Users stake GRASS tokens to Routers to facilitate web traffic, earning rewards while contributing to network security. A minimum of 1.25 million GRASS must be staked for each router to become operational. Access to Bandwidth: After decentralization, GRASS will serve as payment for transactions across the network, enabling decentralized scraping of public web data. Users can participate in the Bonus Epoch by downloading the Grass desktop app, connecting their Solana wallets, and earning Grass Points. The referral program offers up to 20% of points earned from referred users, further incentivizing participation and network growth.   GRASS Token’s Price Performance on KuCoin Pre-Market GRASS pre-market price trends on KuCoin    KuCoin has become a primary exchange for GRASS futures, with pre-market trading starting on October 17, 2024. Here’s a snapshot of the pre-market performance:   Floor Price: 0.76 USDT Highest Bid: 0.67 USDT Average Price: 0.87 USDT Traders are closely monitoring GRASS price trends in the pre-market, preparing for the token’s full launch and upcoming airdrop. The phased token release has fueled speculation while mitigating the risks of market dilution.   When Is the Grass Network (GRASS) Listing Date?  The GRASS token will officially be listed on KuCoin spot trading on October 28, 2024 at 14:00 UTC, after the airdrop. Stay tuned to official channels and KuCoin News for the latest developments surrounding the GLASS token listing and withdrawal timelines.    Read more: Grass (GRASS) Gets Listed on KuCoin! World Premiere!   Rising Fake Airdrops Amid GRASS Token Launch and Airdrop  With the surge in excitement around GRASS, scammers are spreading fake airdrop links across social media. To avoid falling victim to fraud, users should rely only on official announcements from the Grass Foundation or KuCoin. The Grass airdrop eligibility checker is available on the official website, and users are urged to stay vigilant.   Conclusion The GRASS token launch and airdrop signal the beginning of a major initiative to reshape internet ownership. With a focus on governance, staking, and user empowerment, GRASS is positioned to play a significant role in the decentralized web ecosystem. However, participants should remain cautious, as token dilution and price volatility could impact market stability.   As the October 28, 2024 airdrop approaches, users can stay informed through KuCoin and the Grass Foundation's official channels. It’s essential to trade wisely, check eligibility early, and remain vigilant against scams to fully benefit from the GRASS ecosystem.    Read more: October’s Top Crypto Airdrops: X Empire, TapSwap & MemeFi and More

Raydium, a decentralized exchange (DEX) on the Solana blockchain, achieved a historic feat by generating more fees than Ethereum within 24 hours. On October 21, data from DefiLlama confirmed that Raydium earned $3.4 million in fees, edging out Ethereum’s $3.35 million. This surge underscores the growing traction of Solana-based DeFi protocols in the decentralized finance (DeFi) space.   Quick Take Raydium briefly outperformed Ethereum with $3.4 million in fees on October 21. Raydium’s success reflects Solana’s increasing dominance in DeFi. RAY token hit its highest price since March 18, driven by increased trading volume. Raydium handled more volume than Uniswap despite being available on fewer chains. Analysts expect Raydium’s upward trend to continue, with targets set above $3.5. Despite Ethereum reclaiming its lead with $3.7 million in fees shortly after, Raydium’s ability to surpass it, even temporarily, marks a significant shift in the DeFi market.   Solana's Dominance Drives Raydium’s Trading Volume Over $1B Raydium’s TVL | Source: DefiLlama   Raydium's growth aligns with Solana’s expanding DeFi ecosystem. Over the last month, the platform's trading volume surged by 64%, supported by increased interest in Solana's memecoins, such as Popcat (POPCAT) and Cat in a Dogs World (MEW). As of October 23, Raydium managed over $1.2 billion in trading volume, reinforcing its role as a top-tier DEX.   The influx of liquidity and trading activity contributed to the rise in Raydium’s total value locked (TVL), peaking at $1.93 billion at the time of writing. This increase in TVL mirrors the broader trend on Solana, which reached a network TVL of $6.67 billion—approaching Tron’s level and signaling intense competition within the DeFi sector.   Read more: Top Decentralized Exchanges (DEXs) in the Solana Ecosystem   Raydium Processed Higher $10.3B in Transactions, Overtaking Uniswap In another remarkable development, Raydium managed more volume than Uniswap, one of the most dominant DEXs in the industry. Over the past week, Raydium processed $10.31 billion in transactions compared to Uniswap’s $10.03 billion, despite Uniswap being available on 19 different chains.   This surge highlights Raydium’s strategic advantage, particularly in leveraging Solana’s high-speed, low-cost infrastructure, which attracts traders looking for efficiency. With Solana’s memecoin frenzy driving higher volumes, Raydium has cemented itself as a key player in the DeFi sector.   Raydium Price Prediction: RAY Price Rallies 157% Since August RAY/USDT price chart | Source: KuCoin   Raydium’s native token (RAY) has experienced bullish momentum over the past few weeks, outperforming major DEX tokens like PancakeSwap and dYdX. The RAY token hit a recent high of $3.18, representing a 157% increase from its lowest point in August. Analysts suggest that the token could continue its upward trend, with the next target set at $3.5.   Key technical indicators such as the Relative Strength Index (RSI) and the MACD signal sustained bullish momentum. The “golden cross” pattern, where the 50-day moving average crosses above the 200-day moving average, further confirms the bullish trend.   Can Token Unlocks Pressure RAY Price in the Future? While Raydium's growth is impressive, it faces some challenges. Future token unlocks may introduce volatility, with 263 million RAY tokens currently in circulation out of a maximum supply of 550 million. Additionally, competition from other DEXs and potential regulatory hurdles could impact its trajectory.   Looking ahead, Raydium’s success will be closely tied to the broader growth of Solana’s ecosystem. With Solana gaining traction in DeFi and NFTs, Raydium is well-positioned to capitalize on this momentum. Analysts predict steady growth through 2024, with price targets ranging between $5 and $10.     Final Thoughts Raydium’s recent performance showcases the growing influence of Solana-based protocols in the DeFi sector. As the platform continues to expand its trading volume and liquidity, it challenges long-standing giants like Ethereum and Uniswap.   Raydium's ability to sustain this growth will depend on its capacity to innovate and adapt to market changes. If the current trends persist, Raydium could cement itself as a dominant force in decentralized finance, marking a pivotal shift in the DeFi landscape.   Read more: Top Decentralized Exchanges (DEXs) to Know in 2024

Solana’s Total Value Locked (TVL) has hit a major milestone, surpassing $6 billion for the first time since January 2022. The impressive growth marks the revival of Solana’s decentralized finance (DeFi) ecosystem, signaling increasing confidence in the network’s potential. Let's take a closer look at what’s driving this surge.   Quick Take  Solana's TVL surpasses $6 billion for the first time since January 2022 with over 40.72 million $SOL locked in DeFi protocols. Raydium leads Solana's DEX resurgence, surpassing Kamino Finance. Solana now commands 31% of DEX volume across all blockchains. Solana’s TVL growth is driven by liquid staking tokens and restaking protocols like Jito and Solayer. DeFi Activity Boosts Solana’s TVL Solana DeFi TVL | Source: DefiLlama    As of October 2024, Solana’s TVL reached $6 billion, up from previous lows seen earlier in the year. Over 40.72 million $SOL, or approximately 8.66% of its circulating supply, is now locked in DeFi protocols. This TVL growth isn't just the result of $SOL price appreciation but comes from increased activity in key DeFi protocols. Notably, this figure excludes SOL staked natively, emphasizing pure DeFi engagement.   Solana Leads in DEX Volume Solana’s dominance in decentralized exchange (DEX) volume is also contributing to the network's DeFi growth. In the past few months, Solana flipped Ethereum and other blockchains in both 24-hour and 7-day DEX volume metrics. Solana now holds a 31% share in DEX volume across all blockchains, the highest it has seen in two months.   This increasing volume signals accelerating on-chain activity, further solidifying Solana's position as a DeFi powerhouse.   Read more: Solana vs. Ethereum: Which Is Better in 2024?   Raydium Reclaims Its Throne One of the standout contributors to Solana's DeFi revival is Raydium, the blockchain’s largest decentralized exchange (DEX). Raydium has overtaken Kamino Finance, becoming the second-largest protocol by TVL on Solana. This resurgence highlights Solana’s renewed dominance in the DeFi sector.   Raydium had been a key player during Solana’s DeFi boom in 2021 but saw its market position decline. Now, it’s back on top, thanks in part to the growing popularity of Solana-based meme coins. Platforms like Pump.fun have helped lock liquidity in Raydium, pushing its TVL higher. The total market cap of Solana-based meme coins recently surpassed $11 billion, further boosting the DeFi ecosystem.   Read more: Top Decentralized Exchanges (DEXs) in the Solana Ecosystem   Jito Crosses $2B TVL as Liquid Staking Tokens and Restaking Protocols Rise Jito TVL | Source: DefiLlama    Another key driver behind Solana’s TVL growth is its thriving Liquid Staking Token (LST) ecosystem. Leading the charge is Jito, the largest liquid staking protocol on Solana, which has amassed over $2 billion in TVL. Jito’s rebranding as a restaking protocol has added to its appeal, especially with the rise of restaking in the Solana ecosystem. Solayer, another restaking protocol, has surpassed $204 million in TVL, further contributing to Solana’s DeFi growth.   Some crypto exchanges have launched liquid staking tokens on Solana, driving more participation and attracting users to the network. The success of these liquid staking protocols shows the potential for restaking to become a major trend in Solana’s DeFi space.   Read more: Restaking on Solana (2024): The Comprehensive Guide   How High Can SOL Price Go?  SOL/USDT price chart | Source: KuCoin   Solana’s growth in DeFi has been mirrored by a price surge for its native token, $SOL. As of October 14, 2024, $SOL hit a peak of $160, up 20.43% over the past seven days. This price increase has also drawn attention to the network's growing DeFi ecosystem, attracting new users and capital.   With the upcoming Federal Reserve meeting and positive macroeconomic conditions, the bullish sentiment surrounding Solana shows no signs of slowing down. Key stakeholders continue to lock their $SOL in staking contracts, with $2 billion worth of $SOL staked in recent weeks.   Conclusion As Solana’s DeFi ecosystem expands, key players like Raydium, Jito, and Solayer will continue to drive TVL growth. The recent surge in meme coin market cap and Solana's leadership in DEX volume suggest that the network is poised for further success. The combination of rising liquid staking participation, increasing on-chain activity, and growing protocol engagement makes Solana one of the most promising blockchains in the DeFi sector.   Solana's DeFi resurgence has lifted its TVL beyond the $6 billion mark for the first time since 2022, largely fueled by strong participation in DeFi protocols, liquid staking tokens, and rising on-chain activity. These developments have positioned Solana as a key player in the DeFi ecosystem. However, while the momentum is encouraging, it's important to remember that the crypto market is highly volatile, and external factors such as regulatory changes or broader market corrections could impact Solana's future growth. Investors should carefully assess the risks and stay informed before making any investment decisions.   Read more: Solana Unveils the Seeker Smartphone: A New Era for Web3 Mobile Technology

Solana Labs and Google Cloud have launched Gameshift, a new API designed to integrate Web3 components like NFTs and digital assets into traditional Web2 gaming. The partnership aims to simplify blockchain adoption in gaming while expanding Solana's ecosystem through new collaborations and DeFi growth.   Quick Take  Google Cloud and Solana Labs launch Gameshift, a new gaming development API that integrates Web2 and Web3 services. Gameshift aims to simplify the integration of NFTs and digital assets for Web2 game developers. Travala integrates Solana blockchain for bookings, rewards, and zero-fee transactions. Solana blockchain’s decentralized finance (DeFi) ecosystem surpasses $5 billion in Total Value Locked (TVL). Solana Labs and Google Cloud Join Forces for Gameshift Solana and Google Cloud collaboratiobn | Source: Google Cloud    Solana Labs and Google Cloud have teamed up to launch Gameshift, a cutting-edge API that aims to bridge the gap between traditional Web2 gaming and emerging Web3 technology, according to an official update by Google Cloud. This collaboration was revealed during the 2024 Solana Breakpoint conference at the “Gamer Village” event.   Available on Google Cloud Marketplace, Gameshift offers a suite of tools for developers eager to infuse blockchain-based features, such as non-fungible tokens (NFTs) and digital assets, into their games. This new tool marks the next phase in the ongoing partnership between Google Cloud and Solana Labs, following their 2022 announcement that Google Cloud had become a node validator on Solana’s blockchain.   Read more: What Is Solana Seeker Phone, and How to Buy It?   A Seamless Bridge from Web2 to Web3 Gameshift offers a comprehensive set of foundational Web3 services that simplify the integration of blockchain technology for developers operating within the Google Cloud ecosystem. Developers working on Web2 games can now add Web3 components without the technical burden of navigating the complexities of blockchain infrastructure.   Jack Buser, Director for Games at Google Cloud, acknowledged the challenges many game studios face when exploring Web3. He emphasized that Gameshift is designed to remove the complexities of Web3 integration, helping game studios focus on what they do best—developing engaging content.   “Game studios are already overburdened,” Buser said. “They need solutions like Gameshift that provide simplified technical and cultural interfaces to Web3.”   Solana’s Web3 Ecosystem Expands Beyond Smartphones  The partnership between Solana Labs and Google Cloud has been instrumental in propelling Solana’s position in the Web3 space. At the 2022 Solana Breakpoint conference, the duo announced several innovations, including a Web3 store and a blockchain-enabled smartphone - Solana Saga.   In 2024, they’ve continued to build on this foundation with Gameshift. Developers can now use Google Cloud’s infrastructure to integrate secure blockchain features into their games, enhancing the gaming experience with decentralized services and digital ownership.   Read more: Solana Unveils the Seeker Smartphone: A New Era for Web3 Mobile Technology   Travala Integrates Solana for Travel Rewards The Solana blockchain isn’t just making waves in gaming. Travala, a crypto-native travel platform, recently announced its integration of Solana for travel bookings and rewards. Through this integration, users can pay for bookings using Solana (SOL) and stablecoins like USDT and USDC. Travala users will also be able to receive up to 10% of their bookings back in SOL rewards via Travala’s loyalty program.   Travala’s CEO, Juan Otero, highlighted Solana’s scalability and cost-effectiveness, calling the platform an innovation driver within the blockchain industry. The addition of SOL to Travala’s supported cryptocurrencies allows Solana’s growing user base to enjoy seamless transactions with zero fees.   Solana’s DeFi Ecosystem Grows, TVL Crosses $5B  Solana DeFi TVL | Source: DefiLlama   The decentralized finance (DeFi) landscape on Solana continues to expand. For the first time, Solana’s Total Value Locked (TVL) in DeFi has surpassed $5 billion, thanks to a significant surge in activity across decentralized applications (dApps) on the platform.   Jupiter, one of Solana’s leading DeFi protocols, has played a pivotal role in this growth. Its TVL recently reached an all-time high, further strengthening Solana’s position in the DeFi ecosystem. This boom in DeFi activity has contributed to the rising demand for SOL as users interact with protocols on the network.   Read more: Top Decentralized Exchanges (DEXs) in the Solana Ecosystem   Solana’s Challenges: Daily Active Addresses Decline to 3.5M Solana’s active addresses | Source: Artemis    Despite Solana’s impressive metrics, challenges remain. Data shows a decline in daily active addresses, which dropped from a one-year high of 5.5 million addresses in September to 3.5 million recently. This indicates that short-term engagement with Solana’s network is slowing, although the long-term outlook remains promising.   In terms of decentralized application activity, Solana has seen a dip in dApp volumes. Recent data shows a 70% drop in dApp volumes compared to the high recorded in August 2024. For Solana to continue its upward trajectory, developers must continue to build engaging dApps that attract users and drive demand for SOL.   In the previous months of 2024, Solana enjoyed heightened on-chain activity thanks to the memecoin frenzy and the launch of Pump.fun memecoin launchpad. However, Solana-based memecoins experienced a decline in interest among investors as the market sentiment dipped. Additionally, the launch of SunPump memecoin launchpad pulled away memecoin creators and traders from Solana to the TRON ecosystem in summer of 2024.    SOL Price Rally Slows: Can It Cross $200?  Solana’s native token, SOL, has experienced a rollercoaster year in terms of price action. Recently, SOL bounced from a multi-month support level, surging from $127 to $151. However, on-chain data suggests that Solana’s rally may be losing steam.   The long/short ratio currently indicates that traders remain cautious about SOL’s short-term prospects. With slightly more short positions than long ones, market participants are signaling uncertainty about whether SOL can rally to $200 in the near future.   However, with continued innovation in Web3 gaming, DeFi expansion, and integrations like Travala, Solana’s long-term fundamentals remain strong. The recent developments at the Solana Breakpoint conference signal that the blockchain is committed to advancing its ecosystem and bridging the gap between Web2 and Web3.   Conclusion The launch of Gameshift by Solana Labs and Google Cloud is a major step toward Web3 adoption, simplifying blockchain integration for traditional gaming. While Solana faces challenges like declining network activity and volatile SOL prices, its ongoing innovations and partnerships highlight a strong potential for growth across industries.   Read more: Top Crypto Projects in the Solana Ecosystem to Watch in 2024