12 days ago
🟡 Globees officially launches the first vacation rental platform on the blockchain, with first accommodations available across the world and many more to come 🔥
Thanks to blockchain technology, its staking program and its eco-responsible charter, this RWA project aims to revolutionize the way we book trips ☀️
https://x.com/globees_proj...
Thanks to blockchain technology, its staking program and its eco-responsible charter, this RWA project aims to revolutionize the way we book trips ☀️
https://x.com/globees_proj...
15 days ago
Continuing to defy the expectations of the wider crypto market, Solana has outperformed digital asset rivals like Bitcoin ($BTC) and Ethereum ($ETH).
During a forgettable week for crypto markets, Solana has bucked the bearish trend, enjoying positive inflows amidst a sea of red.
SOL LEADS WEEKLY INFLOWS ACROSS TOP DIGITAL ASSETS
While much of the crypto market succumbed to bearish forces last week, Solana showed plenty of resilience. According to CoinShares data, Solana digital asset products attracted over $7 .6M in net inflows, outperforming both Bitcoin (-$319M) and Layer 1 rival Ethereum (-$5.7M).
However, despite positive inflows in digital asset products, $SOL price suffered a significant decline. Over the past week, Solana has dropped 15.45%, sliding from $157 .2 to currently exchange hands at $132 .91, based on Step Finance data.
In this sense, Solana has underperformed both $BTC and $ETH , which lost 7.5% and 7.3% respectively over the same period.
The diverging trends highlight a curious dynamic. Despite Solana suffering a more significant price drop than both $BTC and $ETH , institutional inflows for Solana-based digital asset products were positive.
Solana’s favorable performance suggests higher demand from institutional investors and traders, who are taking advantage of turbulent market conditions to establish positions heading into Q4.
Alternatively, the comparatively smaller range of Solana-based products allows for a reduced sample size, which could skew results. The abundance and accessibility of Bitcoin and Ethereum ETFs mean that these assets are likely to witness more consistent trading behavior.
MONTHLY STABLECOIN INFLOWS INCREASE BY 21%
Beyond positive digital asset product inflows, the Solana network also enjoyed increased stablecoin flows.
Having continually grown throughout 2024, Solana’s monthly stablecoin inflows increased by 21%, rising from $371M in July to $449M in August.
The growth indicates a growing desire for greater liquidity onchain. The trend is further supported by an increase in the total value of bridged assets arriving on the Solana network.
According to data provided by deBridge and Artemis, over $345M worth of assets were bridged to Solana from alternative chains, a 23% increase from the $280M bridged in July. August’s bridge traffic included over $279M from Ethereum, the industry’s largest Layer 1 network.
The inflow of capital suggests that investors and traders could be eager to establish positions in both Solana’s thriving DeFi scene and the ecosystem’s native tokens. With increased liquidity arriving onchain, network participants hope that the Solana ecosystem can maintain its bullish trajectory in Q4.
During a forgettable week for crypto markets, Solana has bucked the bearish trend, enjoying positive inflows amidst a sea of red.
SOL LEADS WEEKLY INFLOWS ACROSS TOP DIGITAL ASSETS
While much of the crypto market succumbed to bearish forces last week, Solana showed plenty of resilience. According to CoinShares data, Solana digital asset products attracted over $7 .6M in net inflows, outperforming both Bitcoin (-$319M) and Layer 1 rival Ethereum (-$5.7M).
However, despite positive inflows in digital asset products, $SOL price suffered a significant decline. Over the past week, Solana has dropped 15.45%, sliding from $157 .2 to currently exchange hands at $132 .91, based on Step Finance data.
In this sense, Solana has underperformed both $BTC and $ETH , which lost 7.5% and 7.3% respectively over the same period.
The diverging trends highlight a curious dynamic. Despite Solana suffering a more significant price drop than both $BTC and $ETH , institutional inflows for Solana-based digital asset products were positive.
Solana’s favorable performance suggests higher demand from institutional investors and traders, who are taking advantage of turbulent market conditions to establish positions heading into Q4.
Alternatively, the comparatively smaller range of Solana-based products allows for a reduced sample size, which could skew results. The abundance and accessibility of Bitcoin and Ethereum ETFs mean that these assets are likely to witness more consistent trading behavior.
MONTHLY STABLECOIN INFLOWS INCREASE BY 21%
Beyond positive digital asset product inflows, the Solana network also enjoyed increased stablecoin flows.
Having continually grown throughout 2024, Solana’s monthly stablecoin inflows increased by 21%, rising from $371M in July to $449M in August.
The growth indicates a growing desire for greater liquidity onchain. The trend is further supported by an increase in the total value of bridged assets arriving on the Solana network.
According to data provided by deBridge and Artemis, over $345M worth of assets were bridged to Solana from alternative chains, a 23% increase from the $280M bridged in July. August’s bridge traffic included over $279M from Ethereum, the industry’s largest Layer 1 network.
The inflow of capital suggests that investors and traders could be eager to establish positions in both Solana’s thriving DeFi scene and the ecosystem’s native tokens. With increased liquidity arriving onchain, network participants hope that the Solana ecosystem can maintain its bullish trajectory in Q4.
1 month ago
Daily Memecoin Recap - August 5
Market had a small bounce today
Too early to get excited, this could just be a relief pump, we need to see more follow through
Wrapped Meta
$wDOG -> hit $4 .34m, top holder was a whale (with $1 .5m+), "wrapped dog", meme referencing wrapped coins ( $wBTC , $wETH , $wSOL , etc. )
$wCAT -> hit $307k , beta to $wDOG
$wPEPE -> hit $157k , wrapped pepe
Slerf Team Confirms CTO rumours
$oodles -> $1 .7m to $12 .7m (7.47x)
- They've been teasing at a CTO ( $slerf team)
- People had been speculating that it would oodles
- Today they confirmed it
- Typical huge pump on the news, and major crash a couple minutes after (since there's nothing to look forward to anymore)
- Currently sitting at $3 .5m
Play On Letters
$btw -> $1 .2m to $6 .44m (5.36x), banana taped to a wall meme
$wsb -> hit $400k , "We're So Back", after market bounce today
$pac -> hit $280k , "Post Ape Clarity", funny meme
Dog Meta
$bane -> $894k to $8 .45m (9.45x), CTO, crashed from $4m last night down to $900k today & ran even higher to $8m +, pushed by influencers
$ares -> hit $500k , wolf meme
$png -> hit $250k , dog with a png background
More Cooks
$retardio -> $48m to $94 .5m (1.96x)
$helen -> $310k to $2 .85m (9.19x), CTO
$frank -> $141k to $943k (6.68x), CTO
$bunne -> $30k to $830k (27.6x), CTO
$walz -> $160k to $870k (5.4x), redacted GovTimWalz
, pumps as KamalaHarris
narrows down her VP choices
$mici -> hit $770k , $michi beta
$anon -> hit $340k , bunny meme
A lot of higher market cap coins have wicked and began to see some green
Would like to see continued push here to confirm this isn't a dead cat bounce
Market had a small bounce today
Too early to get excited, this could just be a relief pump, we need to see more follow through
Wrapped Meta
$wDOG -> hit $4 .34m, top holder was a whale (with $1 .5m+), "wrapped dog", meme referencing wrapped coins ( $wBTC , $wETH , $wSOL , etc. )
$wCAT -> hit $307k , beta to $wDOG
$wPEPE -> hit $157k , wrapped pepe
Slerf Team Confirms CTO rumours
$oodles -> $1 .7m to $12 .7m (7.47x)
- They've been teasing at a CTO ( $slerf team)
- People had been speculating that it would oodles
- Today they confirmed it
- Typical huge pump on the news, and major crash a couple minutes after (since there's nothing to look forward to anymore)
- Currently sitting at $3 .5m
Play On Letters
$btw -> $1 .2m to $6 .44m (5.36x), banana taped to a wall meme
$wsb -> hit $400k , "We're So Back", after market bounce today
$pac -> hit $280k , "Post Ape Clarity", funny meme
Dog Meta
$bane -> $894k to $8 .45m (9.45x), CTO, crashed from $4m last night down to $900k today & ran even higher to $8m +, pushed by influencers
$ares -> hit $500k , wolf meme
$png -> hit $250k , dog with a png background
More Cooks
$retardio -> $48m to $94 .5m (1.96x)
$helen -> $310k to $2 .85m (9.19x), CTO
$frank -> $141k to $943k (6.68x), CTO
$bunne -> $30k to $830k (27.6x), CTO
$walz -> $160k to $870k (5.4x), redacted GovTimWalz
, pumps as KamalaHarris
narrows down her VP choices
$mici -> hit $770k , $michi beta
$anon -> hit $340k , bunny meme
A lot of higher market cap coins have wicked and began to see some green
Would like to see continued push here to confirm this isn't a dead cat bounce
