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Top Trending Crypto Tokens on Social Media in May The cryptocurrency market is still changing quickly, and social media trends are frequently used to measure investor sentiment. Solana (SOL), Chainlink (LINK), Tether (USDT), Nexpace (NXPC), Lanchcoin (LAUNCHCOIN), and FTX's FTT are among the cryptocurrency assets that have lately seen a surge in activity across platforms like Telegram and X, according to market intelligence platform Santiment. Solana Takes the Lead in Ecosystem Development a... Coinatory

Solana Co-Founder Proposes Meta Blockchain for Cross-Chain Data Integration Anatoly Yakovenko, co-founder of Solana Labs, has unveiled a proposal for a "meta blockchain" designed to address the persistent fragmentation and limited interoperability plaguing blockchain networks. This initiative introduces a unified data availability (DA) layer that would aggregate and order data from multiple layer-1 chains, including Ethereum, Celestia, and Solana, facilitating more seamless cross-chain communication and reducing operati... crypto news today

Solana Lags Ethereum in Institutional Adoption, Says Sygnum Despite recent surges in transaction volume and fee generation, Solana still lacks the institutional appeal to displace Ethereum as the blockchain of choice for traditional finance, according to crypto bank Sygnum. Institutional Preference Still Favors Ethereum In a blog post dated May 8, Sygnum emphasized that while current market sentiment may favor Solana's performance metrics, the long-term decisions of financial institutions ... cryptocurrency news Coinatory

Solana’s Loopscale Halts Lending After $5.8M DeFi Hack Solana’s Loopscale Suspends Lending Markets Following $5.8 Million Exploit Decentralized finance (DeFi) platform Loopscale has temporarily suspended its lending operations after an exploit resulted in the loss of approximately $5.8 million. The Solana-based protocol confirmed that loan repayments have resumed, although several core functionalities remain disabled. According to a statement by Loopscale co-founder Mary Gooneratne on X (forme... crypto news

Solana Whale Realizes $153M Profit from Four-Year Staking Strategy A prominent Solana investor has secured substantial gains from a long-term staking strategy, underscoring the potential profitability of patient investment in the cryptocurrency market. In 2021, the investor staked approximately 991,079 SOL tokens when the price was around $27 per token, amounting to an initial investment of about $27 million. Over four years, the staked holdings grew to 1.29 million SOL. With Solana's price appreciating to a... Coinatory cryptocurrency news

ARK Invest Adds Staked Solana Exposure to Two Tech-Focused ETFs ARK Invest has expanded its cryptocurrency exposure by adding staked Solana (SOL) holdings to two of its flagship exchange-traded funds (ETFs). In a client communication reviewed by Cointelegraph, the asset manager confirmed the move, leveraging Canada’s recently approved staking framework for crypto funds. Effective April 21, ARK Next Generation Internet ETF (ARKW) and ARK Fintech Innovation ETF (ARKF) now hold shares of 3iQ’s Solana Staking... Coinatory cryptonews

Galaxy Research Proposes New Voting System to Curb Solana Inflation Crypto research firm Galaxy Research has proposed a novel approach to managing Solana’s inflation rate through a new voting system aimed at fostering broader consensus within the validator community. Unveiled on April 17, the proposal, titled "Multiple Election Stake-Weight Aggregation" (MESA), offers a market-based alternative to Solana’s traditional binary voting structure. The initiative seeks to adjust the method for determining futu... cryptonews today

Solana's DeFi Growth Surges Amid SOL Price Challenges Solana’s decentralized finance (DeFi) ecosystem continues to show robust momentum, as key network metrics outpace competitors despite recent price declines in its native token, SOL. As of early April, the network’s Total Value Locked (TVL) rose to $6.578 billion, the highest level recorded since June 2022. This 14% monthly increase underscores the platform’s growing strength, even amid broader market volatility. Daily decentralized exchange (... cryptonews

Fidelity’s Pursuit of Solana ETF Approval Marks Institutional Shift In order to list and trade shares of the Fidelity Solana Fund, a proposed exchange-traded fund (ETF) intended to follow the performance of Solana (SOL), the Cboe BZX Exchange has formally filed a 19b-4 filing with the U.S. Securities and Exchange Commission (SEC). With this action, Fidelity Investments enters the growing market for cryptocurrency exchange-traded funds (ETFs), focusing on Solana, the sixth-largest cryptocurrency by market capital... Fidelity’s Pursuit of Solana ETF Approval Marks Institutional Shift

Ethereum and Solana Boosted by U.S. Reserve Proposal In a notable shift toward broader cryptocurrency adoption, a proposed U.S. digital asset reserve—reportedly under consideration by the Trump administration—could include Ethereum and Solana alongside Bitcoin. Financial experts suggest there is solid rationale behind this diversified approach. While Bitcoin’s position as a core component of any strategic reserve remains uncontested, the inclusion of Ethereum and Solana marks a deliberate move ... Coinatory cryptocurrency news

Pump.fun Debuts PumpSwap, a Native DEX for Instant Token Migration The top memecoin launchpad on Solana, Pump.fun, has introduced PumpSwap, a decentralized exchange (DEX) that aims to improve liquidity, remove trade fees, and simplify token movement. A New Era of Tokens Based in Solana All launchpad tokens that finish their bonding curve will be supported by PumpSwap, as was announced in a post on X on March 20, 2025. Like Raydium v4 and Uniswap v2, the platform uses a constant product automated ... cryptocurrency news Coinatory

Ghanaian President Endorses Solana for Africa’s Fintech Expansion John Dramani Mahama, the former president of Ghana, has emphasized Solana's blockchain as a major force behind the fintech industry's expansion in Africa, pointing to its low transaction costs and great efficiency as game-changing for the adoption of cryptocurrencies and financial inclusion. Mahama highlighted the potential of blockchain to transform Africa's financial systems in a recent post on X, formerly Twitter. He commended Solana ... Coinatory

Solana Meme Coin Dev Climbs Hollywood Sign in Viral Stunt The creator of Solana Meme Coin does a wild publicity stunt by scaling a Hollywood sign. An unnamed individual was arrested by the Los Angeles Police Department for scaling the famous Hollywood sign to advertise the Solana-based meme coin Vigilante (VIGI). The event, which took place over the weekend, highlights the more drastic strategies developers are using to promote their currencies. The Vigilante team shared pictures of a member raising... Coinatory

Pump.fun Launches Mobile App for Solana Meme Coin Trading The mobile applications for iOS and Android have been formally released by Pump.fun, a prominent site for creating and exchanging memecoins on the Solana blockchain. These applications strengthen Pump.fun's position as a leading participant in the Solana meme coin ecosystem by giving users a simple and effective means to generate, purchase, and sell tokens. Numerous features intended to improve the trading experience are included in the new m... cryptonews

Taurus Expands Digital Asset Custody and Tokenization with Solana Integration On the Solana blockchain, Taurus, a digital asset company supported by Deutsche Bank, has formally introduced Taurus-CAPITAL, an enterprise-grade custody and tokenization platform. By making this calculated decision, banks and other financial organizations may use Solana's fast, affordable infrastructure to store, manage, and issue digital assets. Taurus-CAPITAL, which enables the issuance of programmable tokenized assets, and Taurus-PROTECT,... Coinatory news

Pump.fun Dismisses Token Launch Rumors Amid Legal Battles Co-Founder of Pump.fun Responds to Token Launch Rumors Pump.fun co-founder Alon Cohen has brushed off rumors of an impending token launch and advised users to only trust the platform's official comments. Cohen reiterated in a post on X that the group is still committed to improving its offerings and making sure users receive just compensation. While warning against false information on the platform's future plans, Cohen emphasized the importa... cryptocurrency news Coinatory

Solana Price Forecast: VanEck Predicts $520 Target by 2025 According to asset management company VanEck, the price of Solana (SOL) may more than double to $520 by the end of 2025. According to the company's most recent projection, the growth of the U.S. M2 money supply and Solana's growing market dominance in the smart contract platform (SCP) arena are responsible for this possible spike. In a recent post on X (formerly Twitter), VanEck's head of digital assets research, Matthew Sigel, and crypto res... crypto news

Coinbase to List Solana Futures Amid Growing Crypto Demand In order to list Solana (SOL) futures contracts on Coinbase Derivatives, its subsidiary trading platform, Coinbase has applied for self-certification. The action, which will provide traders access to cash-settled Solana futures beginning February 18, 2025, represents a major expansion in the cryptocurrency derivatives market. The Solana futures contracts will be offered in two sizes: normal contracts representing 100 SOL (currently priced at ... cryptonews today

Coinbase to List Peanut the Squirrel (PNUT) on Solana Network Peanut the Squirrel (PNUT), a meme coin that became well-known in late 2024, will soon be supported by Coinbase, one of the biggest cryptocurrency exchanges. Subject to enough liquidity, the exchange confirmed that PNUT trading on the Solana (SOL) network will start on January 14, 2025, at 9:00 AM PT. In its statement, Coinbase explained, “Once sufficient supply of this asset is established, trading on our PNUT-USD trading pair will launch in... Coinbase to List Peanut the Squirrel (PNUT) on Solana Network Coinatory

Solana's Raydium DEX Debuts Beta Perpetual Futures Trading The beta perpetual futures trading feature of Raydium, the biggest decentralized exchange (DEX) on the Solana blockchain, has been made public. Created in partnership with Orderly Network, a well-known cloud-based cryptocurrency liquidity provider, the new product allows customers to trade with up to 40x leverage and enjoy gas-free transactions. Solana's DeFi ecosystem, which is renowned for its speed and inexpensive transaction costs, has seen ... Coinatory