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The Solana ecosystem has shown remarkable performance this year. The 24-hour trading volume on Solana's DEXs frequently surpasses that of Ethereum, and the SOL/ETH exchange rate has steadily risen. Coinbase's recent Q3 earnings report revealed that SOL now accounts for 11% of its trading revenue, highlighting users' strong interest in trading SOL. During this market cycle, it can be advantageous to hold SOL positions. Additionally, holding SOL-based LSTs allows you to earn annualized returns that are denominated in SOL. Bitget has partnered with Solayer, Orca, Save, and Kamino to launch BGSOL, and will work to expand BGSOL's applications. With the support from Bitget, BGSOL currently offers the highest APR among SOL-based LSTs.

Bitget·2024/11/08 06:08
Flash
  • 05:17
    Andre Cronje: Sonic is running in "safe mode", 1620 TPS has not yet reached its peak
    Sonic Labs co-founder Andre Cronje stated in a post on X that the Sonic network has not yet reached full operational status (operating in "safety mode" until enough validators have migrated), but it has independently measured 850 TPS. Data disclosed by sealaunch.xyz shows that the TPS reached a maximum of 1620 on December 18. Regarding this, Cronje said: "1620 TPS, not yet at its peak, independently measured. Sonic is a new paradigm."
  • 05:05
    Ripple CTO: XRP and RLUSD will complement each other, with the latter dominating the RWA tokenization market
    Ripple's Chief Technology Officer, David Schwartz, has once again commented on the company's latest product, RLUSD stablecoin, which was launched earlier this week. In a video message shared on the company's official X account, Schwartz stated that RLUSD provides the right use case to benefit users and developers. It is a reliable asset designed to showcase the potential of XRP Ledger. Schwartz pointed out that this stablecoin brings both direct and indirect benefits in the XRPL ecosystem. One direct advantage is that it drives positive transaction volume while XRP itself serves as a bridge asset. The uniqueness of XRP lies in its ability to support various assets thereby expanding accessibility on decentralized exchanges on XRPL. Due to unique differences between two assets, XRP and RLUSD will complement each other with blockchain payment companies continuing to use XRP as a bridge in their proprietary products. Furthermore, he emphasized prospects for RWA tokenization market believing RWA will continue growing with increasing demand for stablecoins where RLUSD will dominate this market.
  • 05:04
    The number of PENGU token holders has exceeded 500,000
    According to data shared by Luca Netz, CEO of the NFT project "Pudgy Penguins", the number of PENGU token holders has exceeded 500,000.
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