According to CryptoSlam data, the past 7 days saw Ethereum NFT transaction volume of approximately $32,398,003, a 5.59% increase compared to the previous period; Solana network transaction volume reached $27,632,229, an 18.12% increase compared to the previous period; Bitcoin network ($17,797,879) decreased by 12.3% compared to the previous period.

According to DeFiLlama data, the trading volume of Solana's on-chain DEX on July 19 was 2.393 billion US dollars, ranking first for three consecutive days. In addition, the trading volume of Ethereum's on-chain DEX yesterday was 1.988 billion US dollars, ranking second; and the trading volume of Arbitrum's on-chain DEX yesterday was 767.32 million US dollars, ranking third.

pump.fun has recently announced on the X platform that it has launched the "Recommended for You" tag, which is the best way to discover tokens on Solana. The "Recommended for You" algorithm uses your past actions on pump.fun to plan a real-time changing information flow. It can help you avoid farmers and find token projects that are usually overlooked. Our only recommendation for building a high-quality information flow is to follow as many friends and alpha accounts as possible.

DeFiLlama data shows that the current total value locked (TVL) on the Solana network is $6.664 billion, second only to Ethereum and Tron, with a 7-day growth rate of 22.02%.

On July 14th, according to DeFiLlama data, the trading volume of Solana DEX on-chain was 1.518 billion US dollars, ranking first. The trading volume of DEX on Ethereum chain ranked second at 1.045 billion US dollars; the trading volume of DEX on BSC chain ranked third at 859.59 million US dollars.

Solana’s onchain and derivatives metrics show no signs of stress, possibly paving the way for a rally to $160.

According to the Solana Q2 financial report released by Coin98 Analytics, the Solana network fees and revenue experienced significant growth in the quarter, with a year-over-year increase of over 42 times; SOL's total transaction volume reached 292 billion US dollars, an increase of nearly 7 times compared to the same period last year. In addition, the Solana Q2 network and ecological indicators are as follows: - conducting more than 15.3 billion transactions (including voting and non-voting); - TVL reached 3.4 billion US dollars, an increase of 10 times year-on-year; - new minted NFTs exceeded 98 million, an increase of 54 times year-on-year; - the on-chain USDC market value reached 2.15 billion US dollars (accounting for about 70% of the total USDC market value).

According to DeFiLlama data, Solana's on-chain DEX had a trading volume of $1.811 billion on July 7, ranking first. In addition, the trading volume of Ethereum's on-chain DEX was $1.336 billion yesterday, ranking second; Arbitrum's on-chain DEX had a trading volume of $400.92 million yesterday, ranking third.

According to Nate Geraci, the president of investment consulting firm The ETF Store, given that there are currently no Solana futures traded on CME, the only feasible way to obtain approval for a Solana ETF is to implement a legal regulatory framework for cryptocurrencies that clearly defines which crypto assets are securities and which are commodities, or for the SEC to agree to designate Solana as a non-security commodity. In any case, the institution also needs to reach a monitoring sharing agreement with currently unregulated spot cryptocurrency exchanges. Under the current government leadership, this seems unlikely, which makes the applications of VanEck and 21Shares likely to bet on a more crypto-friendly government.

On June 23, Negentropy Fund partner BillyWen posted on X platform stating that if Slerf's project Dev meets its four requirements, it will purchase Slerf NFT to support the project in completing the refund of the remaining 12,000 SOL for pre-sale investors within three months.

Solana's atomized SVM Layer 2 Sonic has released an update on X: Due to high demand for the Sonic testnet Odyssey, the team is upgrading the network to improve users' on-chain experience. During the upgrade process, some tasks and on-chain interactions will be suspended. The upgrade will begin at 1 pm on June 24, 2024 and last for about 6 hours.

Helius CEO Mert Mumtaz announced on X platform that they are introducing ZK compression to Solana's development platform. ZK compression will be directly implemented on L1 without the need for L2, which will greatly improve Solana's network scalability and take a step towards building a financial computer - an unstoppable, global, and light-speed synchronized atomic state machine.

Nigerian comedian and content creator Sabinus has entered the cryptocurrency market by launching his own digital currency, Sabicoin, on the Solana blockchain. This move reflects a growing trend of celebrities exploring the digital currency space. Sabinus aims to engage his fans and supporters in a unique way by offering them the opportunity to invest in and interact with his brand directly through cryptocurrency. While celebrity-driven cryptocurrencies offer potential opportunities for revenue and fan engagement, they also raise questions about stability and long-term viability in the volatile cryptocurrency market.

Blockchain analyst Ben posted on X platform that Solana Sandwich Bot: arsc...Zh2y has earned over $30 million through MEV arbitrage in the past 2 months. Currently, the Bot has transferred 114,000 SOL (about $16.5 million) to 9973...yWp6 for safekeeping, which is not very active. Its other storage wallet, Ai4z...xkkt, actively participates in Solana DeFi, gradually exchanging SOL for USDC through Jupiter DCA and being active in Kamino and various LSTs. In addition, the controller behind the Bot uses a large number of different signers to obscure their activities and profits.

Top catalysts driving the SOL price lower include weakness in the SOL/ETH pair and stagnant inflows into the Solana ecosystem.

According to Lookonchain monitoring, 3 hours ago, a BEER whale sold 50 billion BEER for 7,450 SOL (1.08 million US dollars). The whale obtained 8.89 billion BEER (1% of the total supply) from the BEER team's allocated wallet "8VY4LF...fDd5G2", but did not participate in the presale. The whale still has 3.76 billion BEER (820,000 US dollars) remaining.

Bonfida, a Solana domain name service, announced in a post that it has airdropped approximately 700,000 FIDA tokens to users who have set up a .SOL domain name, which can be claimed through SNS.ID.

American rapper Lil Pump shared a photo of his new "SOLANA" tattoo on X platform and wrote, "I sold my Sol. When Binance?" Additionally, Lil Pump also shared an image of his support for Trump. OKX market data shows that SOL has rebounded slightly to above 144 USDT after yesterday's decline, and the 24-hour decline has narrowed to 2.38%.

Modsiw, the founder of Spiderswap, a Solana ecosystem aggregator, announced on the X platform that its API is now open to the public, allowing developers and projects to integrate their engine into their applications to unite the Solana ecosystem.

According to DeFiLlama data , the trading volume of Solana's DEX on June 7th was $2.888 billion, surpassing Ethereum and ranking first. In addition, the trading volume of Ethereum's DEX on the same day was $1.854 billion, ranking second; the trading volume of BNB Chain's DEX on the same day was $777.32 million, ranking third.