The "cat" meme token POPCAT has increased in price by 35%, and the "dog" WIF — by 26%, according to CoinGecko.
The sharp growth of such assets based on Solana contrasts with competitors on other blockchains, which do not show such positive dynamics.
https://forklog.com/cryptorium/pochemu-mem-tokeny-stali-tak-populyarny-v-2024-goduSuch a discrepancy may be explained by the sharp rebound of Solana, which won back the losses of Friday-Monday.
At the time of writing, the daily growth rate has reached 10.2%. The cryptocurrency is estimated at $153.1. Other assets in the top 10 by capitalization are growing in value by 2.3%-5.2%.
Data: CoinGecko.According to DeFi Llama, the volume of Solana transactions has more than doubled — from $1.5 billion on Monday to $3.3 billion. The amount of commissions exceeded $750,000.
Generated by the Pump platform.fun daily income jumped from $300,000 to $535,000.
https://forklog.com/news/solana-operedila-ethereum-po-mesyachnomu-oborotu-dexIn a comment for CoinDesk, Lucy Hu from Metalpha explained the rise of SOL with growing optimism about cryptocurrency-based ETFs.
On July 8, Cboe BZX filed Form 19b-4 for the 21Shares Core Solana ETF and VanEck Solana Trust.
According to the rules, the agency has 240 days to decide whether to approve the rule changes necessary to include VanEck and 21Shares products in the platform listing.
According to Bloomberg analyst Eric Balchunas, the SEC may register the instrument in mid-March 2025. The key in this regard will be the outcome of the US presidential election in November.
Earlier, Matthew Siegel, head of the digital Asset research department at VanEck, came to similar conclusions.
Prior to this, Daniel Yang, co-founder of Matrixport, expressed an opinion about the possibility of cryptocurrencies becoming the base for the next ETF. Jeffrey Kendrick, head of research at Standard Chartered, also predicted the appearance of the instrument on SOL in 2025.
A similar point of view is shared by Ripple CEO Brad Garlinghouse and Galaxy Digital CEO Mike Novogratz.
In June, the 3iQ digital asset manager applied for registration of Canada's first Solana-ETF with the option of receiving remuneration from staking (6-8% per annum).
Earlier, the market maker GSR positively assessed the growth potential of SOL in the event of the launch of an exchange-traded fund. According to analysts, the cryptocurrency may rise in price by 1.4–8.9 times.
Recall that the head of the digital assets department at BlackRock, Robert Mitchnik, questioned the expansion of the list of approved crypto-ETFs in the near future.