With a pre-market price setting Wormhole’s market cap at an impressive $2.7 billion, concerns arise about its value compared to its actual usage in the bridge market.
Solana’s meme-coin frenzy leads to SOL’s price surpassing $200 and on-chain trading volumes reaching a new high of nearly $4 billion. Concurrently, the network sees over $100 million raised through meme-coin presales in just three days.
With a pre-market price setting Wormhole’s market cap at an impressive $2.7 billion, concerns arise about its value compared to its actual usage in the bridge market.
Solana’s meme-coin frenzy leads to SOL’s price surpassing $200 and on-chain trading volumes reaching a new high of nearly $4 billion. Concurrently, the network sees over $100 million raised through meme-coin presales in just three days.
NFT sales are again breaking price records, but with Ordinals around, Ethereum is no longer the blockchain of choice for either traders, collectors, or collections.
The Backpack exchange has reportedly reached over $600 million in daily trading volume within the first few days of its “preseason” launch. However, some have concerns that the majority of these trades appear to come from a single user.
With a $30 million daily transfer volume and connections to over 30 blockchains, Wormhole’s upcoming airdrop of 1.8 billion W tokens is generating buzz. The community eagerly awaits details on eligibility and distribution for this significant event.
