Solana, Kaspa, and XRP have all surged lately, especially after Donald Trump's recent election victory—a rally that's giving crypto enthusiasts hope for the next bull market.
Solana (SOL), XRP, Kaspa (KAS), and a new cryptocurrency called PlutoChain (PLUTO) have all seen impressive surges lately, especially after Donald Trump's recent election victory. This rally is giving crypto enthusiasts hope for the next bull market.
Solana continues to attract both retail and institutional investors with its proven high-speed performance, particularly in DeFi and NFT applications. Meanwhile, Kaspa's innovative BlockDAG technology is becoming popular among developers who want scalability solutions. XRP is also continuing its established roles in international payments.
Now, let’s zoom in on each crypto’s performance last week.
Solana just recently hit a two-year high of around $220. But what’s driving this surge? Let’s break it down.
Solana ecosystem expands rapidly with total value locked (TVL) jumping to $7.6 billion, showing a 36% increase. But what’s really turning heads is the recent uptick in decentralized applications (dApps) like Jito, Raydium, and Binance's liquid staking. These dApps are countering the bear market blues, driving up Solana's DEX volumes to a staggering $17.1 billion.
With this achievement, Solana now commands an impressive 26% of the market share in DEX activity. For the first time ever, Solana is now outpacing Ethereum in DEX activity for a whole week. This achievement marks a significant milestone in the DEX landscape.
Solana's success is largely attributed to its low transaction fees and fast speeds, which are attracting traders and investors alike.
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