Lưu trữ cho từ khóa: Solana

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Robinhood wallet adds support for Solana

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Robinhood wallet adds support for Solana

Robinhood has officially added support for Solana to its Wallet, expanding the platform’s crypto offerings.

Johann Kerbrat, the General Manager of Robinhood Crypto, announced this integration, which will enable users to self-custody Solana (SOL) and conduct transactions over the Solana blockchain. 

This move aligns with Robinhood’s broader strategy to enhance its Web3 wallet by incorporating more blockchains and digital assets, following previous integrations of networks like Ethereum (ETH), Polygon (MATIC), and Bitcoin (BTC).

Robinhood and crypto

Earlier this year, Robinhood demonstrated a growing interest in the cryptocurrency space. Notably, it it acquired crypto exchange Bitstamp. 

Robinhood started using its newly acquired Bitstamp licensing to offer crypto futures in the U.S. and Europe. The company plans to introduce Bitcoin and Ethereum futures trading in the U.S., though an official launch date has yet to be set as discussions are ongoing.

This move followed Robinhood’s acquisition of Pluto Capital in July, which further improved its crypto offerings and attracted retail crypto clients.

The addition of Solana will allow Robinhood Wallet users to manage their SOL holdings more effectively, including the ability to send, receive, and store SOL securely.

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Altcoin

Ethereum creator seemingly donated $517k to mobile project ethOS

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Vitalik Buterin has likely provided financial support to ethOS, a project promoted as the world’s first Ethereum mobile operating system.

According to Arkham data, Ethereum (ETH) co-founder Vitalik Buterin sent 199.9 ETH, valued at over $517,000, to a Gnosis Safe multi-signature contract. The leading speculation is that Buterin’s transfer was a donation to the Ethereum phone project called ethOS.

Built by pseudonymous developers at Freedom Factory, this open-source initiative was initially launched on select Android devices in late 2022 and redeployed the following year.

ethOS is an Ethereum-native mobile operating system that allows users to write blockchain code and deploy ETH-based decentralized applications. The team, formed in 2021, plans to release additional hardware offerings this year or next, according to the official ethOS website.

Is ethOS Ethereum’s answer to Solana Saga?

Fifteen years after the debut of Bitcoin (BTC), the blockchain industry is focused on achieving mass adoption by providing easy access to Web3 and real-world utility.

Integrating blockchain standards with mobile devices like smartphones has often been a challenge, but developments in recent years suggest progress.

In June 2022, Solana Labs, the entity behind Solana (SOL), introduced the Saga mobile device. The hardware was built atop Android’s OS and pre-loaded with Solana dapps like Phantom Wallet.

Slow sales initially cast doubt on Saga’s success, and Solana took nearly a year to sell 20,000 units. However, Saga 2.0 improved this track record, selling 100,000 units in pre-orders within a month.

At press time, Saga appeared to be ahead of ethOS, although the two projects have adopted different approaches to merging blockchain and mobile technology. The Ethereum and Solana blockchains have seen significant growth in the past year. If both ethOS and Saga continue to develop, they may eventually become full-fledged competitors in the blockchain mobile market.

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Phân tích

Sui token faces pressure, yet analysts say it could flip Solana

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Sui token has suffered a harsh reversal, falling for three consecutive days, and erasing most of the gains made last week. 

Sui (SUI) retreated to $0.90 on Tuesday, Aug. 27, down by 20% from its highest point last week, pushing its market value to $2.3 billion.

Its retreat happened as Bitcoin (BTC) lost momentum and dropped to $62,000. Other assets that rallied after Jerome Powell’s dovish tone have also pulled back, with the Nasdaq 100, S&P 500, and Russell 2000 indices falling by over 30 basis points on Monday.

Sui, like most tokens in the Binance launchpool, has not lived up to its hype as it has crashed by almost 60% from its highest point this year.

Still, its supporters believe that it will overtake Solana (SOL) in key metrics like market capitalization, Decentralized Finance total value locked, and general developer activity.

They argue that Sui’s blockchain is significantly faster than Solana’s and has much lower transaction costs.

Most notably, they claim that Sui is a better alternative because Solana has become highly congested due to its popularity among DeFi, meme coins, and Decentralized Public Infrastructure developers. The case for using Sui for DePIN developers was recently made by Tim Kravchunovsky, the creator of Chirp, a DePIN for telecoms.

Sui has a long way to go to catch Solana, the fifth-biggest cryptocurrency with a market cap of over $71 billion. Data from DeFi Llama shows that Solana has over $5.7 billion in DeFi assets and almost $4 billion in stablecoins. Solana is also the second-biggest chain in terms of DEX volume after Ethereum (ETH).

Sui, on the other hand, has $652 million in DeFi assets and just 38 dApps. It also has $373 million in stablecoins, much lower than what Solana has. Additionally, Sui’s DEX volume in the last seven days was $222 million, while Solana had $5.96 billion.

To be fair, Sui is still in its growth phase as it was launched in 2023, while Solana has been around since 2020.

Another concern about Sui is that it has more token unlocks to go. Data shows that Sui has a maximum supply limit of 10 billion $SUI tokens, of which 25%—or 2.6 million—have been unlocked. Meanwhile, 80% of all SOL tokens have been unlocked, meaning lower future dilution.

Sui price moved above the 50 EMA

Sui price chart | Source: TradingView

Meanwhile, Sui token has pulled back recently after forming a double-top chart pattern at $1.056, with the neckline at $0.8051. In most cases, a double-top leads to a strong bearish breakout.

On the positive side, Sui token remains above the 50-day moving average and has formed an inverse head and shoulders pattern. The ongoing retreat also happened after it retested the 23.6% retracement point.

Therefore, technically, a bullish breakout cannot be ruled out. This view will be confirmed if the price moves above the double-top point at $1.056.

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Phân tích

Only 0.76% of pump.fun wallets made $1,000 or more: CN research

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In 2024, the Solana blockchain experienced a rapid expansion in the memecoin market, with pump.fun being at the forefront. The platform captured a massive audience seeking quick profits. Crypto.news conducted an in-depth analysis of the profitability of investing in pump.fun tokens, revealing that while a few early adopters managed to secure profits, the majority of investors ultimately lost money.

Pump.fun is the leader in Solana’s memecoin ecosystem and holds 50% of the market share. It achieved this by streamlining token launches and making them both quick and easy. It also focused on ensuring a fair process for creating and trading tokens, avoiding problems like presales or team allocations.

Pump.fun operates as follows:

  • Users pick a meme coin they like.
  • They buy the coin through a bonding curve.
  • They can sell the coin anytime to either secure a profit or cut a loss.
  • If the token’s market cap hits $69,000, $12,000 of liquidity is locked into Raydium, a decentralized exchange on Solana, and then burned.

Using various queries and scripts inspired by Dune analysts @adam_tehc, @hashed_official, and @evelyn233, we developed our own versions that allowed us to gather data for this article.

Due to the ease of use and the rise in popularity, around 300,000 tokens have been created on Solana each month since March 2024. However, not all of these tokens even reach a market cap of $69,000. Over six months, 33,683 tokens made it to Raydium, while a total of 1,883,578 tokens were deployed on pump.fun. This results in a graduation success rate of only 1.79%.

The statistics for investors on the pump.fun platform paints an even grimmer picture. Out of 29,601,462 total wallets involved, a majority experienced negative outcomes:

  • 17,725,908 wallets (59.9%) recorded negative Profit and Loss (PNL). 89% of those wallets realized losses, locking in their negative returns by selling at a loss.
  • On the other hand, 11,126,772 wallets (37.6%) reported positive PNL, with 98% of these realizing actual gains.

The distribution of profits further shows the low probability of winning through memecoin investments. To provide a clearer picture of the probabilities associated with different profit levels on pump.fun, here are some realistic comparisons:

  • +$100 profit (6.47% chance): Less likely than being accepted into Harvard as an early applicant (7.8% in 2021).
  • +$1,000 profit (0.76% chance): Similar to the probability of having twins, which is around 0.4%.
  • +$10,000 profit (0.046% chance): Less likely than becoming a NASA astronaut (0.055%).
  • +$100,000 profit (0.0033% chance): Less likely than being struck by lightning in a lifetime (about 0.00653%).
  • +$1,000,000 profit (0.000540% chance): Comparable to the chance of being killed by a meteorite impact (approximately 0.0004%).
  • +$10,000,000 profit (0.000132% chance): Similar to the odds of flipping a coin and getting the same side 20 times in a row.

Many individuals are searching for a quick way to transform their financial situations, inspired by stories of random people making huge profits overnight. Unfortunately, the harsh reality is that most will lose, often catastrophically. Instead of gambling on unproven tokens, investors should focus on assets like BTC, ETH, and SOL — assets with a proven track record. These won’t turn $100 into a million tomorrow, but they will grow an individual’s wealth steadily and sustainably. At the end of the day, investing is for making money and not losing. The sooner one abandons the dream of instant riches and embraces this truth, the sooner they’ll start making decisions that truly increase their net worth. Anything else is a reckless path to financial ruin.

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Phân tích

SOL, FET, RENDER: Top cryptocurrencies to watch this week

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A rebound from the broader cryptocurrency market triggered a $170-billion recovery in valuation, spiking the market cap 8% to $2.26 trillion.

Here are some of the most notable movers to watch this week.

Solana reclaims $160

Last week, Solana (SOL) surged 12%, reclaiming the $160 level and peaking at a two-week high of $162 on Aug. 24 despite setbacks in its ETF product. After closing the week strong, SOL has now pulled back to $157.17.

SOL 1D chart – Aug. 25 | Source: crypto.news

However, Solana remains above the 200-day EMA at $140.12, signaling ongoing bullish momentum. This week, SOL needs to hold above the 200-day EMA to sustain the ongoing upward trend. 

Meanwhile, the Chande Kroll Stop indicators place the Stop Long at $145.22 and the Stop Short at $153.18. Maintaining above $153.18 is key for further gains, as a breach could lead to a bearish reversal.

This week, investors should watch for a retest of the $160 and $162 resistance zones or a decline toward key support at $153.18.

FET spikes 50%

Fetch.ai (FET) closed last week as one of the top gainers, spiking 50% and reclaiming the $1 level. On Aug. 24, FET reached a monthly peak of $1.3 but has since retraced to $1.249.

FET 1D chart – Aug. 25 | Source: crypto.news

FET currently trades above the 50-day EMA ($1.108), signaling midterm bullish momentum. However, it remains below the 200-day EMA ($1.766), indicating lingering long-term bearish sentiment. 

FET’s immediate resistance points this week are at $1.447 and $1.565, with strong support at $1.063 and $0.945, with a pivot level of $1.255. A break above the resistance could target the 200-day EMA, while failing to hold support would lead to a drop below the 50-day EMA.

RENDER breaches upper Bollinger Band

Render (RENDER) saw a 37% rise last week, reclaiming the $6 level for the first time this month. 

RENDER 1D chart – Aug. 25 | Source: crypto.news

Currently trading at $6.153, RENDER is comfortably above the Upper Bollinger Band ($5.894), which often signals overbought conditions. This suggests a potential pullback or consolidation might be on the horizon.

However, the strong trend indicated by the ADX at 33.25 supports the idea of sustained upward momentum. The asset maintains a bullish bias with the +DI at 28.35 and -DI at 16.63. 

If the current momentum holds this week, Render could aim for higher targets around $6.5 and potentially $7.0.

Nonetheless, a dip below the Upper Band might lead to a retest of the 21-day moving average ($4.875).

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Theo Crypto News

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NFT market up 23% in weekly sales; Ethereum leads charge

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The non-fungible token market experienced a 23.4% jump in sales between Aug. 19 and 24. Ethereum currently dominates the landscape, followed by Solana and Polygon.

In the past week, CryptoSlam data shows sales volumes in the broader NFT market soared by 23.4%, to settle at just under $100 million. The uptick in activity was accompanied by a nearly 43% increase in NFT buyers, totaling 468,822, and a 41% rise in sellers, reaching 223,433.

Furthermore, the market registered more than 1.8 million transactions, with NFT traders showing growing interest in blue-chip collections and emerging projects.

Ethereum maintains stronghold

In terms of individual blockchain performances, Ethereum (ETH) once again solidified its position as the dominant blockchain for NFTs, with sales reaching $36.4 million. This was a 34% increase from the previous week.

As was the case in the previous week, Solana (SOL) and Polygon (MATIC) also had impressive performances, making big contributions to the NFT market’s overall growth in the past week. Solana recorded $18.45 million in sales, reflecting a 14.70% increase, with an astounding 61.18% rise in buyers to 202,167.

On the other hand, the weekly sales volume on Polygon increased by more than 90%, to $12.49 million. The number of NFT buyers on the blockchain also rose by 37.77% to 84,505.

Notable NFT sales and collections

The week’s NFT activity was also marked by some major individual NFT sales. For instance, on Arbitrum (ARB), the gETH Locked Deposit #158 fetched an impressive $256,513, making it one of the highest sales of the week. 

Ethereum’s Zoth_Nibiru_Pool1 #4 also made headlines with a $250,000 sale, while Solana’s BOOGLE #61 boasted the third-highest price tag of the week at $201,200.

CryptoPunks, DMarket shine

In terms of collections, CryptoPunks — built on Ethereum — took top spot after it attracted more than $7.4 million in weekly sales. The amount came from just 102 transactions — a 292% rise from last week’s numbers. 

Meanwhile, on the Mythos chain, DMarket generated $4.99 million in sales across 195,143 transactions, cementing its place as a significant player in the NFT ecosystem.

Bored Ape Yacht Club maintained its relevance with a 21.46% increase in sales, pushing the amount raked in to $3.58 million. 

Although sales of NFTs from The Guild of Guardians collection on Immutable (IMX) dropped by 12.25%, it still managed to stay in the top five, with slightly more than $3 million earned.

Finally, rounding up the top five collections by sales volume was Sorare, which continued its run with about $2.6 million in sales. However, the figure was a 27% drop from last week. The plunge was also witnessed in the number of transactions, which went down by more than 12%, according to CryptoSlam.

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Solana surges 10%, outpacing Bitcoin and Ethereum as broader market gains 3.6%

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The broader crypto market has seen its value grow by 3.6%. Solana leads the push among high market-cap cryptocurrencies after registering a 10.2% uptick in the last 24 hours.

Data from crypto.news shows that, at last check, Solana (SOL) was priced at $158.25. It spent the previous day oscillating between a low of $142.78 and a high of $158.58. 

Solana price chart, May 1 – Aug. 24 | Source: crypto.news

The uptick in the coin’s price was accompanied by a 24-hour trading volume of $4 billion occasioned by more than 19 million SOL tokens changing hands.

The amount made SOL the third most traded cryptocurrency in the last 24 hours, after Bitcoin (BTC) and Ethereum (ETH).

Like their top five counterpart, the two largest digital assets by market capitalization also registered green arrows, with BTC’s price moving up more than 5% to $64,164, and ETH jumping 6.61% to $2,771, moving it ever closer to the $3,000 level.

Solana’s spike came on the heels of U.S. Federal Reserve Chair Jerome Powell hinting at the likelihood of an interest rate cut in September. 

Powell’s promise to adjust Fed policies to protect the American job market from further loss and to ensure a smooth economic transition after the upcoming U.S. presidential elections in November, seemed to have calmed jitters in the market.

Recently, crypto watcher Ali Martinez suggested that SOL may be on the cusp of forming what’s known as an Adam and Eve pattern. That pattern could potentially push SOL to $164, he says. That would kickstart the cryptocurrency’s march to $220. 

Currently, that resistance level is only $9 away, and there’s no telling which way the market could go in the coming days. 

While SOL was the best performer among the top 10 biggest cryptocurrencies, other lower capped coins such as SATS (Ordinals), dogwifhat (WIF), Bonk (BONK), and Pepe (PEPE) did much better.

In the last 24 hours, the value of SATS has gone up 28%, while WIF and BONK surged by 20.8% and 14.4% respectively.

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NFT buyer activity surges over 173% as sales volume dips

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This past week, the overall non-fungible token market was a mixed bag.

NFT sales volume dropped by 11.92%, totaling $81.8 million, while the number of NFT buyers increased by 173.25% to 327,594.

Let’s take a look at some of the key metrics that characterized the NFT market over the last seven days based on data from CryptoSlam.

Key blockchain performances

Ethereum (ETH) continued its dominance in terms of NFT sales volume. Despite a more than 10% drop from the previous week, the network still managed to rake in over $28 million — a figure accompanied by a notable rise in buyer activity, which went up 42.5%.

Solana (SOL) came in second after it generated more than $16 million in NFT sales. However, the figure represented a 15% decline, even though the network witnessed a staggering 245.93% increase in buyers. It also saw a nearly 6% drop in wash trading activities.

Bitcoin (BTC) maintained the third spot for a third week running, even though the $13.8 million it brought in reflected a 6.1% drop from the previous week’s numbers. 

Wash trading on the network went up by more than 4%, although the $410,863 realized from that activity pales in comparison to other blockchains. For instance, fourth-placed Polygon (MATIC) had the highest amount of funds from wash trading at $9.1 million. The amount was markedly higher than the $6.6 million that came into Polygon from owner to owner NFT sales.

Rounding out the top five is Mythos Chain, which experienced the steepest decline in NFT sales volume, plummeting almost 30% to just north of $5 million.

Notable collections and sales

Coming to NFT collections, Mythos Chain surprisingly produced the best-selling NFT collection of the week, with its DMarket collection raking in $4.99 million in sales across seven days.

However, the amount was still a nearly 30% plunge from last week’s levels, with the number of transactions recorded for the collection also dropping 33%.

Meanwhile, second-placed Sorare, hosted on Ethereum, showed resilience, with sales going up 8.3% to $3.65 million. The number of transactions for the collection also went up by almost 8%, while buyer activity increased by more than 10%. 

The uptick in activity coincides with the start of popular European soccer leagues including the Premier League and La Liga, which may have caused renewed interest in the fantasy sports platform.

However, the standout performer of the week was Bitcoin’s Uncategorized Ordinals, which saw a staggering 864.66% increase in sales to $3.1 million.

Top NFT sales of the week

In terms of sales of individual NFT pieces, one of the most notable transactions was that of an Uncategorized Ordinal on Bitcoin which sold for a whopping $2.4 million.

In contrast, Ethereum’s Bored Ape Yacht Club #2579 sold for $342,542, a pretty huge amount but dwarfed by the Ordinal sale. Other notable transactions in the week included Solana’s Froganas #4559, which fetched $82,689, and a BNB Paraluni Perpetual Bond, which sold for $134,751.

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Theo Crypto News

Altcoin

Bybit now supports PayPal’s PYUSD stablecoin on Solana

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Cryptocurrency exchange Bybit says users can now deposit and withdraw PayPal’s PYUSD stablecoin on the Solana network.

Bybit has announced the expansion of its support for Solana-based assets, including the addition of PayPal’s PYUSD stablecoin, the company said in an Aug. 15 press release.

The move follows PYUSD’s recent milestone of surpassing 500,000 processed transactions, highlighting its growing “adoption across various financial applications,” Bybit said. Data from DefiLlama indicates that over 54% of PYUSD’s market liquidity is concentrated on Solana (SOL), with the remainder on Ethereum (ETH).

Stablecoins by market capitalization | Source: DefiLlama

PYUSD ranks as the 6th largest stablecoin by market capitalization, boasting the highest month-on-month growth among its competitors, with a 30.7% increase, DefiLlama data also shows.

PayPal expands its stablecoin across multiple networks

Commenting on the listing, Emily Bao, head of web3 and SBU at Bybit, stated that the stablecoin’s performance on Solana “has demonstrated the market’s demand for a regulated, secure stablecoin that can keep pace with the rapid developments in decentralized finance.”

PayPal launched its own stablecoin in August 2023, making it the first large financial company to do so. The stablecoin, backed by U.S. dollar deposits, short-term Treasuries, and other similar cash equivalents, is a product of a partnership between PayPal and Paxos, a blockchain company that issues stablecoins.

A few months later, PayPal disclosed that it had received an investigative subpoena from the U.S. Securities and Exchange Commission regarding its stablecoin, without providing further details. In late May, PayPal expanded its support to Solana, citing significant benefits for commerce use cases as the driving force behind the decision.

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