Solana displaced Ripple (XRP) this morning to become the sixth-largest cryptocurrency by market cap, data from multiple sources shows. The feat puts it at a $60 billion marketcap—one that took a little under 24 months to achieve. The Solana lure So-termed the world’s ‘fastest’ blockchain, Solana boasts transactions per second (tps) speeds of over 65,000…
Cardano (ADA), Solana (SOL) are increasingly seeing institutional bets
Warmed-up investor sentiment favors Cardano (ADA) and Solana (SOL) the most, revealed the recent CoinShares report. The digital asset investment firm recently published a report for the week ending August 20, which recorded first inflows totaling $21 million, following a six-week run of outflows. Solana recorded the highest weekly inflows “Positive price action in recent…
$185 million worth of LUNA burned in past month as Terra user base grows
Terra’s native token LUNA rallied 79.66% during the past seven days as the protocol developed by South Korean firm Terraform Labs surpassed Polygon (MATIC), recording the third-highest total value locked (TVL) among blockchains. LUNA, which is part of an algorithmic balancing system that is used to stabilize the price of the protocol’s stablecoins, traded today…