Chainlink network highlights in 2023!

🔹 Chainlink oracle services supported more developers and projects than ever before, enabling more than $6.9 trillion in transaction value in 2022.

🔹Chainlink Data Feeds expanded across new blockchains & layer 2s, including support for a non-EVM chain, #Solana.

🔹 Chainlink Proof of Reserve has been adopted by leading stablecoins, wrapped tokens, and blockchain bridges to provide transparency around the reserves backing new on-chain assets.

🔹 Chainlink BUILD & SCALE help accelerate the growth of early-stage Web3 dApps & blockchains

#LINK

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🔹 Bonk is on fire! Up 132.94% in 24 hours with a $21 million trading volume.

⁉️ The buzz around the crypto token continues to grow, with marketplaces and exchanges like MagicEden and HuobiGlobal taking notice.

50% of the token supply was airdropped to the #Solana community

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📊 #Solana saw its highest NFT trading volume since September last week, reaching $150 million!

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Top 15 Coins by Staking Market Cap

📊 #Ethereum leads by staked value, followed by #Solana, #Cardano, and #BNB.

It worth noting that,
71% of #Cardano is staked
70% of #Solana is staked
85% of #BNB Chain is staked
Only 16% of #Ethereum is staked.

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🔍 #Solana launches investigation to determine the root cause of its network outage yesterday.

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Pantera Capital aims to raise funds for its Solana Fund to purchase up to $250M in $SOL tokens from the bankrupt FTX estate .

They propose buying at $59.95 per SOL, 57% below the current $142 price.

Today, SOL hits a new peak of $141.15.

Interest in #Solana's memecoins, especially $WIF and $BONK, drives growth, with volumes tripling those of other coins on the network.

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#Solana’s revenue this month outshines the past 5 combined, all in just 3 weeks!

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#Solana's weekly stablecoin transfer volume hits a record $364.7B, surpassing #Ethereum's $152.99B.

#Tron and #BNB Chain follow with $101.57B and $22.75B, respectively, according to Artemis data.

#Solana currently accounts for 42.3% of stablecoin market share, which is a significant increase from the 1.9% share it held a year ago.

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📈 Meme coin market cap hits cycle peak of over $50 billion, doubling in just a month.

Low-fee blockchains like #Solana, #Avalanche & L2s like #Base become go-to for new meme coins, boosting accessibility for retail investors, according to IntoTheBlock

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In the past seven days, #NEAR has seen the biggest increase in unique active wallets, followed by #Solana and #Polygon.


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🚨 Users struggle to withdraw #Solana from Lido's staking protocol after service discontinuation.

Lido formally ceased support on February 4, yet 112,923.29 SOL remains locked, affecting 31,585 users.

The valuation of locked $SOL is approximately $21 million.

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Almost all of #Solana ecosystem tokens are down in the past 24H.

The biggest losers are $MEW, $WHALES, $POPCAT, $JTO, $W, $CHAT, $JUP, $SNS, $WIF, $SCS - all down more than 15%

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#Solana has released version 1.17.31, aimed at addressing network congestion issues that have been prevalent due to increased transaction failures linked to its rising popularity and bot activities.

Following this update, $SOL saw a price increase of 10%.


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📉 NFT sales plummeted 54% in May 2024, dropping from $1 billion in April to $624 million.

#Bitcoin, #Ethereum, and #Solana #NFTs saw significant declines, with Bitcoin #NFT sales down 68%, Ethereum down 55%, and Solana down 48%

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Solana has struggled to reclaim its previous all-time high, but analysts say $SOL’s onchain and derivatives data points to a potential rally to $160.

#Solana's network activity surged in users and volumes, with a 19% increase in active users and a 12% rise in DApp volumes to $703M over the past week.

While competitors like #Ethereum and #BNB Chain saw declines, Solana's DEX Raydium reported 1.71M active addresses, a 39% jump.

$SOL futures saw negative funding rates on July 5-6, indicating short leverage.

Now near zero, it shows balanced demand between longs and shorts. Despite uncertainties, on-chain and derivatives metrics show no stress.

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The Market Cap of #Solana Flipped #BNBChain Today!

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