Crypto OI Shows Mixed Trend: Bitcoin, Solana Down, While Ethereum, XRP Up
A divergence has formed in the crypto futures market during the past week as Bitcoin and Solana have seen deleveraging against the others. Bitcoin, Solana Have Seen A Drop In Perpetual Futures Open Interest In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Open Interest for […]
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July was, in many ways, a mixed bag. While it was flooded with news of large corporations gobbling up Bitcoin, Ethereum, and Solana – a trend that’s still ongoing – the cryptos themselves didn’t react as positively as many had hoped. That said, September has brought a wave of newfound enthusiasm, fueled by the potential […]
Recent data has shown that Ethereum briefly fell behind Solana in a major metric. This has raised questions about what it could mean for the altcoin season, since ETH usually leads the way during that period. Ethereum Falls Behind Solana In Perp Volume DeFiLlama data shows that Ethereum fell behind Solana in perp volume by […]
Solana fell into a four-month low of $28.35 during the early morning of October 13, plummeting below the $30 marker again for the first time since June 13 when it changed hands at $28.19. Although the altcoin is not just the only one that suffered as many other cryptocurrencies including pack leaders Bitcoin and Ethereum painted their charts in red, SOL was hit the hardest. The crypto, however, was able to trim its losses, moving back above the $30 range. At press time, tracking from Coingecko shows the asset is trading at $31.36. Despite the rebound, Solana is still down by 5.9% over the....
From comparing the project to Apple and Ethereum to bringing up network outages, the community reacted to the new Web3 phone by Solana. The Solana (SOL) team has brought mobile phones to Web3 after revealing Saga, Solana’s Android mobile device that will go out with the project’s latest stack for Web3 developers, the Solana Mobile Stack. The community welcomed the new development with various reactions from comparing the project to Apple and Ethereum (ETH) to bringing up concerns over Solana’s network outages. Vinny Lingham praised the move and called it Web3’s very own “iPhone moment” and....
Solana has been gradually creeping up behind Ethereum even before the crypto winter began. The network had grown in popularity among non-fungible token (NFT) and decentralized finance (DeFi) users who had been fleeing Ethereum due to the high cost of transacting on the network. Nevertheless, Ethereum had managed to maintain its lead ahead of Solana. […]