Solana was on a roll from October 22-29, showing a strong uptrend after dropping to $160 on October 26.
SOL has seriously caught the attention of traders with a 38% increase in trading volume over the past 24 hours, reaching $3.89 billion.
- Price: $181.04, up 8.07%
- Market capitalization: $85.14 billion
- DeFi TVL: $6.404 billion
- Daily active addresses: 6.5 million
- 24-hour trading volume: $3.89 billion
It was another big week for the Solana ecosystem, as SOL price surpassed the $180 level on October 29, with meme coins like PopCat fueling the uptrend.
Top winners:
- Raydium (RAY): +28.6%
- Popcat (POPCAT): +21.23%
- Cat in a world of dogs (MEW): +12.71%
Best losers:
- Arweave (AR): -8.93%
- Chain link (LINK): -5.78%
- Bonk (BONK): -5.52%
Raydium, whose price performance set the bar for the ecosystem during the week, saw its TVL fall by 8.8% over the same period.
Solana’s daily active addresses have outperformed those of its competitors, highlighting the network’s growing influence in the DeFi sector.
Solana Meme Parts
- Moo Deng (MOODENG) saw the most dramatic seven-day increase at 177.7%, showing that the appetite for low-cap Solana meme coins is still high.
- Bonk’s (BONK) downtrend continued after experiencing a 4.6% decline over the past seven days.
- Dogwifhat (WIF) has the highest market capitalization and largest 24-hour trading volume among Solana meme coins.
Solana DePIN
NFT
- Solana leads the 24-hour user count, with over 13.7K active users, while Polygon comes in a distant second with 4.65K users, according to NFT Pulse.
- Solana also leads in seven-day user activity with 65.96K users, over 45% of the total across all blockchains featured.
- Solana stands out as the blockchain with the highest levels of user activity and adoption in the short to medium term.
Solayer Launches One-of-a-Kind Stablecoin on Solana
Solana returns Ethereum in daily fees
Airdrop Surge Ghost Under the Grass Wallet Loops
Solana goes live on Arkham
Arkham now offers Solana users advanced on-chain data analysis capabilities, from visualizing large fund movements to tracking the performance of the network’s top traders.
Solana approaches BNB market cap
- Meet sUSD, the first stablecoin of its kind backed by US Treasury bonds.
- Look at Solana’s growing DeFi ecosystem after it overtook Ethereum in daily fees generated.
- Closely follow the fallout from the Solana airdrop as the Grass airdrop has overwhelmed the Phantom wallet.
- You can take your trading up a notch by following Arkham’s on-chain data analysis on Solana.
- Watch Solana price as the layer 1 blockchain approaches BNB’s market cap.
This article contains links to third party websites or other content for informational purposes only (“Third Party Sites”). Third Party Sites are not under the control of CoinMarketCap, and CoinMarketCap is not responsible for the contents of any Third Party Site, including without limitation any link contained in a Third Party Site, or any changes or updates thereto. ‘a third party site. Party site. CoinMarketCap is providing these links to you only as a convenience, and the inclusion of any link does not imply endorsement, approval or recommendation by CoinMarketCap of the site or any association with its operators. This article is intended to be used and should be used for informational purposes only. It is important to conduct your own research and analysis before making any important decisions related to any of the products or services described. This article does not constitute and should not be construed as financial advice. The views and opinions expressed in this article are those of the author (company) and do not necessarily reflect those of CoinMarketCap.
