Crypto News
Solana Bags Record Daily Fees of $35M Amid Trump Memecoin Frenzy
The world’s most-used blockchain just bagged its largest ever daily fees. On Saturday, Donald Trump’s official token, TRUMP, was issued on the Solana blockchain, which led to an uptick in trading volumes over the weekend. Between Saturday and Sunday, the network generated fees of over $35 million and revenue of at least $14 million, DeFiLlama data shows. This volume originated from some 6 million active addresses.These fees are more than double of Nov. 22 levels of nearly $14 million, when several AI Agent tokens populated the network and led to a trading frenzy.Such fees are remarkably high for a low-cost blockchain, when transactions typically take fractions of a cent to settle. The TRUMP token attracted over $3 billion in trading...
Latam Insights Encore: El Salvador Is Becoming Latam’s Crypto Hub
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines how El Salvador is becoming the capital of crypto for Latam, moving its economy positively. Latam Insights Encore: El Salvador Will Become Latam’s Crypto Hub El Salvador, a little nation thatSource link
Ethereum L2s Are About to Hit a Brick Wall: Polynomial Protocol Founder
Ethereum Layer 2 scaling solutions may soon hit their limits in efficiently scaling the mainnet, warns Gautham Santhosh, co-founder of Polynomial.fi.Layer 2 solutions are protocols or networks built on top of a layer-1 networks to improve its scalability and reduce transaction costs by processing transactions off-chain and then periodically settling the results on the main chain. More and more users have embraced these protocols for faster and more affordable transactions late last year.That's evident from the spike in the number of blobs or binary large objects posted by hundreds of L2s to Ethereum. Since November, the daily tally has averaged a record 21,000, according to pseudonymous data analyst Hildobby's Dune Analytics dashboard.Here is the concerning part. Just two Layer 2s –...
Crypto Community Reacts to Trump and Melania Meme Coins as Market Sinks
Shock, excitement, and debate flood Crypto Twitter as $TRUMP and $MELANIA meme coins rocked the market late Sunday.Source link
SEC Crypto Crackdown Continues: Nova Labs Faces Allegations of Investor Deception
The SEC has charged Nova Labs with fraud, alleging it misled investors about corporate partnerships and conducted unregistered crypto asset offerings, violating federal securities laws. SEC Accuses Nova Labs of Crypto Fraud in Gensler’s Final Act The U.S. Securities and Exchange Commission (SEC) has charged Nova Labs Inc. with fraud and securities violations linked toSource link