Key Takeaway:
- Bitcoin rose to $66,000 and Ethereum surged to $2,700 amid Federal Reserve interest rate cuts and Chinese government stimulus, contributing to a crypto rebound.
- Solana, Base, and Sui experienced significant volume increases, with Solana’s DEX networks handling $7.13 billion in the last seven days.
- In the meme coin sector, Solana saw boosts in token prices, with MOODENG and MOTHER experiencing substantial gains.
- Aerodrome became the most active DEX network in Base, surpassing $1 billion in total value locked for the first time.
Solana, Base, and Sui’s volume soared
Data from DeFi Llama revealed that Solana’s SOL, Base, and Sui’s DEX networks saw a resurgence in volume, with increases of 40%, 20%, and 30% respectively. Solana DEXes processed $7.13 billion, while Base and Sui handled $3.92 billion and $597 million, respectively.
Solana’s meme coins pumped
Solana experienced a rise in meme coin prices, with tokens like MOODENG and MOTHER seeing significant price surges. MOODENG’s market cap exceeded $300 million, while MOTHER, linked to Rapper Iggy Azalia, reached over $112 million. Additionally, the market cap of Pump.fun tokens surpassed $1.06 billion.
Aerodrome tops 1B in TVL amid dominance on Base
Aerodrome emerged as the most active DEX network in Base, surpassing $1 billion in total value locked for the first time. PancakeSwap and Clober followed suit. Cetus, DeepBook, Turbos, and Kriya led the DEX networks in Sui, with BNB Chain, Arbitrum, Optimism, and Polygon also performing well.
