Derived from 币界网, Solana's SOL price has surged to around $180, driven by a surge in decentralized application (DApp) revenue and record inflows into Solana-related ETFs. According to DeFiLlama, Solana's DApps generated $4.33 million in 24 hours, outperforming Ethereum's $1.82 million. The blockchain's ETFs, including Bitwise and Grayscale's GSOL, have seen significant inflows, with Bitwise leading at $545 million. However, technical indicators such as RSI and AO remain bearish, signaling a potential pullback. Solana's DApp and DEX trading volume reached $3.86 billion, surpassing BSC and Ethereum. Analysts warn of a possible retest of the $120 level if key support breaks.
Solana DApp Revenue Surpasses Ethereum, ETF Price Hits $180 Amid Bearish Signals
币界网Share
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.