Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • TRADING
  • HACKING
  • SLOT
  • CASINO
  • SUBMIT
Crypto Flexs
Home»ADOPTION NEWS»Solana rally continues in memecoin activity and DeFi. Ether’s implied volatility surpasses Bitcoin.
ADOPTION NEWS

Solana rally continues in memecoin activity and DeFi. Ether’s implied volatility surpasses Bitcoin.

By Crypto FlexsJune 5, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Solana rally continues in memecoin activity and DeFi.  Ether’s implied volatility surpasses Bitcoin.
Share
Facebook Twitter LinkedIn Pinterest Email

Solana brush

+2.16%
According to the founder of the decentralized exchange, the recent sustained price rise continues to be driven by Memecoin transactions on the network.

Zeta Markets founder Tristan Frizza said the increase in token value was largely driven by increased memecoin trading activity on the Solana network. “Memcoin has clearly become an important driver of Solana activity. It goes beyond speculation and demonstrates Solana’s ability to handle high transaction volumes with low fees, creating the perfect environment for retail users.” Frizza told The Block.

To illustrate this, Frizza pointed to on-chain metrics such as Solana’s total value locked (TVL) exceeding $4.9 billion. “This signals strong network activity, with the number of active users continuing to grow, with monthly active addresses reaching an all-time high of 41.65 million in May,” Frizza added.

According to The Block’s pricing page, Solana is up more than 5% in the last 24 hours and is trading at $174.83 as of this writing.

Solana grows with DeFi growth

According to a Bitfinex Alpha report this week, the Solana DeFi ecosystem is experiencing clear growth in lending, liquid staking, and perpetual markets.

“This resurgence of Solana is due to the advantages it offers over other blockchains in terms of transaction throughput per second and scalability. Both Solana and Ethereum continue to grow, but Solana’s rise is noteworthy. If TVL chooses Solana, a Bitfinex analyst said: “More “As many users find utility in the blockchain, it ranks second in terms of decentralized exchange volume by chain, four places behind Ethereum,” he said.

Ethereum exhibits higher implied volatility than Bitcoin.

Ethereum, the top cryptocurrency market capitalization, is expected to experience greater price fluctuations than Bitcoin this month. Ethereum options hint at volatility, according to QCP Capital analysts. (IV) is currently higher than Bitcoin. This indicates that traders are expecting Ether price movements to increase in response to the upcoming launch of a spot Ether exchange-traded fund (ETF).

“The strength is likely to continue as the market waits for spot ether ETFs to bring in new demand,” QCP Capital analysts said. “The options market certainly reflects this, with Ether IV still trading at 15% of Bitcoin volume.”

Block Scholes research director Andrew Melville observed that Ethereum’s price fluctuations have been greater than Bitcoin since mid-May, highlighting the largest volatility gap between the two tokens since the FTX collapse in November 2022.

“The higher premium assigned to volatility reflects increased uncertainty, especially in the near term, with a potential update to the Ether ETF application coming soon. However, unlike the recent rally, there is not much demand for Ether to rise quickly. As for market sentiment, Melville said, “Both Ethereum and Bitcoin appear to be cautiously optimistic as they have similar positioning in the near term.”


Disclaimer: The Block is an independent media outlet delivering news, research and data. As of November 2023, Foresight Ventures is a majority investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, impactful and timely information about the cryptocurrency industry. Below are our current financial disclosures.

© 2023 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be used as legal, tax, investment, financial or other advice.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

SOL Leverage Longs Jump Ship, is it $ 200 next?

September 24, 2025

Bitcoin Treasury Firm Strive adds an industry veterans and starts a new $ 950 million capital initiative.

September 16, 2025

The best Solana depin project to form the future -Part 2

September 8, 2025
Add A Comment

Comments are closed.

Recent Posts

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025

LYS Labs Moves Beyond Data And Aims To Become The Operating System For Automated Global Finance

September 26, 2025

Dexari Unveils $1M Cash Prize Trading Competition

September 26, 2025

How to solve the XPL perp defect

September 26, 2025

Detect the full execution bug with the induction pursing of Wake

September 25, 2025

KuCoin Appeals FINTRAC Decision, Reaffirms Commitment To Compliance

September 25, 2025

Phemex Revamps Blog To Deliver Deeper Insights And Enhanced Reader Experience

September 25, 2025

T-REX Launches Intelligence Layer To Fix Web3’s Value Distribution Problem

September 25, 2025

Are you doing a fair deal?

September 25, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Futuromining Reaches $5,700 Daily Income Milestone For XRP Users

September 26, 2025

CoinFerenceX 2025 Unites Global Web3 Innovators In Singapore On September 29

September 26, 2025

Pepeto Highlights $6.8M Presale Amid Ethereum’s Price Moves And Opportunities

September 26, 2025
Most Popular

Cryptocurrencies to watch this week: ETH, BOME, HNT

May 12, 2024

Top analyst signals Chainlink (LINK) rebound ahead of expected Altseason.

May 7, 2024

Study: SRC20 protocol’s ‘superior data persistence’ makes it a superior choice over BRC20 and Loon.

May 27, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

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