Solana News: Remarkable Recovery Amidst Doubts and Experimental Wave

Solana, once doubted in the crypto industry, has made a remarkable recovery fueled by a dedicated community and innovative experimentation. Here’s a closer look at its journey and recent developments.

Solana’s Remarkable Recovery in Web3

By early 2023, Solana had faced significant doubts about its future in the crypto industry. However, it accomplished one of the most remarkable recoveries in Web3 history, fueled by a committed community and a new wave of experimentation. The first important shift came in Solana’s branding, positioning itself initially as an institutional blockchain for the next generation of DeFi.

Trump Solana Meme Coin Crashes 25% Amid Trade War Concerns

President Donald Trump’s official meme coin, TRUMP, has fallen by 25% in the last 24 hours to a current price of $12.60. This makes it the biggest loser in a spiraling crypto market ahead of expected trade tariffs. The token initially spiked when Trump posted about plans for a U.S. crypto reserve, but the gains were not sustained. Other cryptocurrencies such as Bitcoin, Ethereum, XRP, Solana, and Cardano also surged initially but have since retreated.

Solana DEX Trading Volumes Lead for Fifth Consecutive Month

Solana has maintained its position as the leader in decentralized exchange (DEX) trading volumes for five consecutive months, surpassing Binance Smart Chain (BNB) and Ethereum (ETH). According to data from DefiLlama, it’s blockchain recorded a DEX trading volume of $105.85 billion in February, significantly outpacing BNB’s $84.25 billion. Solana’s app revenue also hit $280M, far outpacing Ethereum’s $59M in February. Additionally, $700M worth of assets were bridged to Solana in February, including $400M from Ethereum.

Solana Price Prediction and Competitor Analysis

Solana has been a top performer in the crypto space, but Dawgz AI is making waves in presale. This rising meme coin is attracting new investors daily. The market is currently bearish for Solana, priced at around $130.84 with a Fear & Greed Index of 16 (Extreme Fear). Investors are looking for the next big thing beyond Solana, and Dawgz AI is one to keep on the list.