🚀 Solana's Monthly Active Addresses Surpass 100 Million
#Solana #ActiveAddresses #Blockchain #Cryptocurrency #SOL #ArtemisTerminal #HistoricHigh
According to Odaily, blockchain data platform Artemis Terminal has revealed that the number of monthly active addresses on the Solana network has surged past 100 million, marking a historic high for the network. However, it appears that most of these wallets hold little to no SOL.#Solana #ActiveAddresses #Blockchain #Cryptocurrency #SOL #ArtemisTerminal #HistoricHigh
🚀 Record High Smart Contract Deployments on Base Network
#SmartContract #BaseNetwork #Layer2 #Blockchain #TokenTerminal #HistoricHigh #Adoption #Utilization
According to PANews, data from Token Terminal reveals that the number of smart contract deployments on the Layer 2 network, Base, reached a historic high of 11.4 million last week. This milestone underscores the growing adoption and utilization of Layer 2 solutions in the blockchain ecosystem.#SmartContract #BaseNetwork #Layer2 #Blockchain #TokenTerminal #HistoricHigh #Adoption #Utilization
🚀 Aave Achieves Record High in Net Deposits
#Aave #NetDeposits #DecentralizedFinance #DeFi #FinancialSector #HistoricHigh #AAVE
According to Foresight News, official data reveals that Aave's net deposits have reached a historic high of $45 billion. This milestone marks a significant achievement for the decentralized finance platform, highlighting its growing influence and adoption in the financial sector.#Aave #NetDeposits #DecentralizedFinance #DeFi #FinancialSector #HistoricHigh #AAVE
🚀 Ethereum Validators Face Longest Exit Queue in Over a Year Amid Price Surge
#Ethereum #Validators #ExitQueue #ETH #Staking #PriceSurge #CryptoMarket #Investment #Unstaking #InstitutionalInvestors #Demand #SecuritiesAndExchangeCommission #Custodians #WalletTechnologies #HistoricHigh
According to BlockBeats, Ethereum validators are experiencing the longest exit queue in over a year, indicating a rush to withdraw funds following a significant rise in ETH prices. Data from validatorqueue shows that as of Tuesday afternoon in the United States, approximately 519,000 ETH, valued at $1.92 billion at current prices, are queued to exit the network. This marks the largest exit queue since January 2024, extending withdrawal delays to over nine days.
Andy Cronk, co-founder of staking service provider Figment, noted that people tend to unstake and sell during price increases to secure profits. He observed that both retail and institutional investors follow this pattern across multiple cycles. Cronk added that large institutions might trigger substantial unstaking when changing custodians or wallet technologies.
Despite the wave of unstaking, the market may not face significant selling pressure due to strong demand for staking from new validators. Currently, 357,000 ETH, worth $1.3 billion, are waiting to enter the network, with the entry queue extending beyond six days, the longest since April 2024. Some of this new demand may originate from the ETH treasury fund. The U.S. Securities and Exchange Commission's declaration that staking is not illegal has further boosted institutional interest. Since late May, the number of active validators has increased by 54,000, reaching a historic high of nearly 1.1 million.#Ethereum #Validators #ExitQueue #ETH #Staking #PriceSurge #CryptoMarket #Investment #Unstaking #InstitutionalInvestors #Demand #SecuritiesAndExchangeCommission #Custodians #WalletTechnologies #HistoricHigh
🚀 Polymarket Achieves Record Trading Volume This Week
#Polymarket #RecordTradingVolume #Dune #TradingData #Dragonfly #Hildobby #USPresidentialElection #HistoricHigh
According to Odaily, Dragonfly's data director, hildobby, expressed dissatisfaction with the current public data sources available for Polymarket. As a result, hildobby has created a new data dashboard on Dune. This week, Polymarket's total trading volume reached a historic high of approximately $1.3 billion, surpassing the previous peak during the U.S. presidential election.#Polymarket #RecordTradingVolume #Dune #TradingData #Dragonfly #Hildobby #USPresidentialElection #HistoricHigh