Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

A 500K BTC -Dump is coming? The volatility of Bitcoin stands for a new test!

2025-05-21

Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

2025-05-21

Texas Strategic Bitcoin Reserve Bill is progressing to definitive approval

2025-05-21
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    WalletConnect’s Smart Sessions ‘Redefine’ Wallet UX for Future or AI agents: Founder

    2025-05-21

    Adventure Layer is launched as First Gaming L2 on Berachain

    2025-05-20

    Arbitrum affects $ 1.5 billion volume milestone on Uniswap V4

    2025-05-20

    BSCS Backs Backs AI-conducted shopping assistant in collaboration with Pulsebot AI

    2025-05-20

    Basic, BNB chain, Ethereum and others

    2025-05-20
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

    2025-05-21

    Trader warns Bitcoin (BTC) blinking bearish signal, says gold that steam collects for the next leg up

    2025-05-20

    XRP -Price will still gather here, crypto -veteran Raoul Pal predicts

    2025-05-20

    Milei closes Libra Task Force and investigates ties with its administration

    2025-05-20

    Ethereum -price flashes bullish signal, but can it flow through obstacles?

    2025-05-20
  • Learn

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15

    What Is Proof-of-Work (PoW)?

    2025-05-12

    What Is Proof-of-Authority (PoA)?

    2025-05-10
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Altcoins»Investigate why Solana has not been able to maintain its interest rate increases in the second half of 2024
Altcoins

Investigate why Solana has not been able to maintain its interest rate increases in the second half of 2024

2024-10-05No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email
  • There has been a significant shift in Solana’s demand dynamics
  • It may be worthwhile to assess the correlation between SOL demand and Solana stablecoin market cap

Does the Solana ecosystem have anything to do with SOL’s struggle to get back above $200? The cryptocurrency showed robust demand in the first half of 2024, allowing it to bounce back strongly from any dip. However, the same cannot be said of SOL’s recent performances.

SOL has had a weaker recovery over the past three months and this is consistent with some observations from the Solana network. In fact, Solana’s market cap so far this year shows an interesting correlation with SOL’s price performance.

Solana’s stablecoin market cap briefly rose above $4 billion in the last week of August. However, since then the sector has seen significant outflows and has now fallen to $3.72 billion. The last time such a big dip occurred was from mid-April to the last week of June.

SolanaSolana

Source: DeFiLlama

The cryptocurrency struggled to rise back to $200 during the period from April to June. Likewise, recent bullish attempts have shown weak momentum.

Is Solana’s network activity slowing down?

Solana’s stablecoin market cap has seen aggressive growth during times when the market is experiencing strong demand. For Solana, this was largely due to strong demand for memecoins in the first quarter of 2024. However, the hype surrounding memecoins seems to have subsided, especially since June.

The slowdown of network activity can be more accurately observed using network costs. Solana rates were highest in March, around the same time that network demand and utility were also highest.

SolanaSolana

Source: Dune

The network fees were also based on the value of SOL, which also fluctuated based on market demand. This means that it does not necessarily provide the most accurate assessment of network performance. The market capitalization of Solana stablecoin is better aligned with on-chain transactions.

See also  Solana (SOL) Unleashes New Momentum: Bulls Target Higher Ground

The initial increase in transactions peaked in April, followed by a dip and a higher peak in July. Since then, transactions have slowed down due to slowing network provision.

SolanaSolana

Source: DeFiLlama

Based on the above findings, it is clear that network demand has cooled, especially in the past three months. As a result, the organic demand that supported SOL’s value is not as strong as in the first half of the year.

This may be why SOL doesn’t seem to bounce back as strongly as it used to.

Next: Assessing Shiba Inu’s chances after SHIB’s most recent failed escape

Source link

increases Interest Investigate maintain Rate Solana
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Texas Strategic Bitcoin Reserve Bill is progressing to definitive approval

2025-05-21

Ethereum’s latest movements: profitable versus accumulation

2025-05-20

Dogecoin graphy too good to ignore, says Trader Eying Double

2025-05-20

Ethereum: What you need to know about the 10-year low exchange stock of ETH

2025-05-20
Add A Comment

Comments are closed.

Top Posts

Upcoming Drops: August 7 – August 13

2023-08-07

PEPE Coin shines among the best gains, up 78% in the past week

2023-06-27

Wicrypt unveils WiFi hotspots with Peaq IDs on-chain

2023-11-11
Editors Picks

Bitcoin ETFs: Institutions Refuse to Give Up

2023-07-12

This space heater mines Bitcoin for you

2024-05-20

Indian crypto database unleashes the Blockchain revolution

2023-10-26

Bitcoin (BTC) Price Prediction 2025-2030: Will BTC cross its ATH anytime soon

2022-10-15
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

A 500K BTC -Dump is coming? The volatility of Bitcoin stands for a new test!

Cardano (ADA) in Focus: Can it break this barrier and recover Momentum?

Texas Strategic Bitcoin Reserve Bill is progressing to definitive approval

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$107,908.132.28%
  • ethereumEthereum(ETH)$2,600.812.26%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.380.83%
  • binancecoinBNB(BNB)$661.861.81%
  • solanaSolana(SOL)$171.341.79%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2331323.97%
  • cardanoCardano(ADA)$0.773.81%
  • tronTRON(TRX)$0.2714190.07%
  • suiSui(SUI)$3.911.41%
  • chainlinkChainlink(LINK)$16.03-0.06%
  • avalanche-2Avalanche(AVAX)$22.982.65%
  • stellarStellar(XLM)$0.2917842.52%
  • hyperliquidHyperliquid(HYPE)$26.650.51%
  • shiba-inuShiba Inu(SHIB)$0.0000152.30%
  • hedera-hashgraphHedera(HBAR)$0.1982001.28%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.20%
  • bitcoin-cashBitcoin Cash(BCH)$400.182.05%
  • the-open-networkToncoin(TON)$3.091.44%
  • polkadotPolkadot(DOT)$4.772.99%
  • litecoinLitecoin(LTC)$96.02-1.16%
  • moneroMonero(XMR)$364.784.63%
  • bitget-tokenBitget Token(BGB)$5.220.79%
  • pepePepe(PEPE)$0.0000146.44%
  • piPi(PI)$0.8210.62%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.478.23%
  • aaveAave(AAVE)$261.21-1.75%
  • bittensorBittensor(TAO)$424.930.95%
  • nearNEAR Protocol(NEAR)$2.861.76%
  • aptosAptos(APT)$5.230.94%
  • okbOKB(OKB)$52.490.51%
  • ondo-financeOndo(ONDO)$0.962.38%
  • kaspaKaspa(KAS)$0.1118671.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.5312.85%
  • internet-computerInternet Computer(ICP)$5.382.59%
  • ethereum-classicEthereum Classic(ETC)$18.701.07%
  • gatechain-tokenGateToken(GT)$21.761.22%
  • crypto-com-chainCronos(CRO)$0.0973760.43%
  • mantleMantle(MNT)$0.752.05%
  • vechainVeChain(VET)$0.0290203.00%
  • render-tokenRender(RENDER)$4.741.25%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2348100.22%
  • ethenaEthena(ENA)$0.4006155.80%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • arbitrumArbitrum(ARB)$0.4067933.10%
  • algorandAlgorand(ALGO)$0.2291182.36%
  • cosmosCosmos(ATOM)$5.003.75%
  • bitcoinBitcoin(BTC)$107,908.132.28%
  • ethereumEthereum(ETH)$2,600.812.26%
  • tetherTether USDt(USDT)$1.000.01%
  • rippleXRP(XRP)$2.380.83%
  • binancecoinBNB(BNB)$661.861.81%
  • solanaSolana(SOL)$171.341.79%
  • usd-coinUSDC(USDC)$1.000.02%
  • dogecoinDogecoin(DOGE)$0.2331323.97%
  • cardanoCardano(ADA)$0.773.81%
  • tronTRON(TRX)$0.2714190.07%
  • suiSui(SUI)$3.911.41%
  • chainlinkChainlink(LINK)$16.03-0.06%
  • avalanche-2Avalanche(AVAX)$22.982.65%
  • stellarStellar(XLM)$0.2917842.52%
  • hyperliquidHyperliquid(HYPE)$26.650.51%
  • shiba-inuShiba Inu(SHIB)$0.0000152.30%
  • hedera-hashgraphHedera(HBAR)$0.1982001.28%
  • unus-sed-leoUNUS SED LEO(LEO)$8.811.20%
  • bitcoin-cashBitcoin Cash(BCH)$400.182.05%
  • the-open-networkToncoin(TON)$3.091.44%
  • polkadotPolkadot(DOT)$4.772.99%
  • litecoinLitecoin(LTC)$96.02-1.16%
  • moneroMonero(XMR)$364.784.63%
  • bitget-tokenBitget Token(BGB)$5.220.79%
  • pepePepe(PEPE)$0.0000146.44%
  • piPi(PI)$0.8210.62%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.02%
  • uniswapUniswap(UNI)$6.478.23%
  • aaveAave(AAVE)$261.21-1.75%
  • bittensorBittensor(TAO)$424.930.95%
  • nearNEAR Protocol(NEAR)$2.861.76%
  • aptosAptos(APT)$5.230.94%
  • okbOKB(OKB)$52.490.51%
  • ondo-financeOndo(ONDO)$0.962.38%
  • kaspaKaspa(KAS)$0.1118671.44%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.5312.85%
  • internet-computerInternet Computer(ICP)$5.382.59%
  • ethereum-classicEthereum Classic(ETC)$18.701.07%
  • gatechain-tokenGateToken(GT)$21.761.22%
  • crypto-com-chainCronos(CRO)$0.0973760.43%
  • mantleMantle(MNT)$0.752.05%
  • vechainVeChain(VET)$0.0290203.00%
  • render-tokenRender(RENDER)$4.741.25%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2348100.22%
  • ethenaEthena(ENA)$0.4006155.80%
  • usd1World Liberty Financial USD(USD1)$1.000.02%
  • arbitrumArbitrum(ARB)$0.4067933.10%
  • algorandAlgorand(ALGO)$0.2291182.36%
  • cosmosCosmos(ATOM)$5.003.75%