ETH to SOL Rotation Fuels Bearish Sentiment Surge
The Ethereum FUD fires are raging hotter than ever as Ether collides with Bitcoin and Solana while developers battle the flames. Ethereum faces a renewed wave of fear, uncertainty, and doubt (FUD) as investors appear to shift interest toward Solana, with ETH’s price relative to BTC hitting a three-and-a-half-year low. The gap between Bitcoin and […]
Solana Hits Record Fee Revenue Again
Since 2023, Solana’s SOL token has outperformed Ether by about 600%, becoming a significant competitor to Ethereum. Blockchain technology at the layer-1 level Blockworks Research provided information that Solana once again achieved record-breaking network revenues, having previously reached an all-time high on October 22. In a post on the X platform, Blockworks’ data analytics manager […]
Radiant Capital Hacker Moves $52M in Stolen Funds
A hacker in the Radiant Capital DeFi attack transferred about $52M from Arbitrum and Binance’s BNB Chain to Ethereum. It is probable that the hacker who was responsible for the recent loss from the decentralized finance (DeFi) protocol Radiant Capital has migrated almost all of the stolen funds from layer-2 protocols to Ethereum in an […]
RedStone launches oracle AVS on EigenLayer
RedStone is the first major oracle provider to adopt Ethereum’s restaking protocol via EigenLayer, currently in testnet phase. With the launch of a data-validation service on EigenLayer, RedStone has established itself as the first major oracle provider to use the Ethereum restaking protocol. RedStone has stated in a statement that it intends to develop a […]
Raydium Surpass Ethereum in 24-hour Fee Revenues
On October 21, Solana-based Raydium, generated $3.4 million in fee revenue, as opposed to $3.35 million for Ethereum, according to DeFiLlama. According to DefiLlama, Raydium , a decentralized exchange (DEX), achieved a higher 24-hour revenue than the Ethereum network on October 21. Raydium Fee Revenue According to DeFiLama According to data from DefiLlama on daily […]