ChainCatcher news, according to Defillama data, the monthly trading volume on Solana's DEX has surpassed $100 billion for the first time.

ChainCatcher news, Bloomberg senior ETF analyst James Seyffart posted on social media: "Cboe has just submitted applications for 4 Solana spot ETFs to the SEC, with issuers being VanEck, 21Shares, Canary Capital, and Bitwise.If the SEC does not reject the above filings, the final deadline will be around early August next year."

ChainCatcher news, according to Cointelegraph, Bitwise has submitted documents to the Delaware Department of State in the United States to apply for the registration of its first Solana ETF.

ChainCatcher news, according to Cointelegraph, the Solana blockchain recently reached a record high in on-chain transaction volume, but market intelligence firm Glassnode claims that most of the activity is driven by bots. Glassnode pointed out in an X post on November 19 that Solana's transaction volume hit a historical high of $318 billion on November 16, nearly three times the total market cap of SOL ($112.5 billion). The total number of active addresses on Solana has surged to 22 million.However, Glassnode noted that the average transaction volume and median transaction volume declined during the same period. This raised questions about the authenticity of Solana's metrics, as organic growth should be accompanied by similar increases in average levels. To explain this phenomenon, Glassnode stated, "This pattern of network activity inflation may indicate bot-driven activity, which historically has led to similar trends for Solana." The increase in activity may be the reason for the recent rise in fees and network revenue.Data from DefiLlama shows that on November 20, Solana's daily revenue reached a historical high of nearly $6 million, with network participants paying $7.63 million in transaction fees. Supplementary data from Blockworks Research indicates that on November 19, Solana's Real Economic Value (REV) reached a historical high of $26 million.

ChainCatcher news, according to official data, CharacterX has surpassed 5 million registered users, with over 200,000 daily active users. As a leading AI project in the Solana ecosystem, CharacterX offers an infinitely customizable model based on Llama, as well as multimodal generation capabilities (text, images, videos). CharacterX stated that reaching 5 million users is an exciting milestone, and they will continue to focus on development, launching more exciting features and products to invigorate the market.CharacterX is a project supported by the Stanford Blockchain Accelerator, having won a top-three position at the 2024 Solana Hackathon and secured millions of dollars in seed funding from institutions such as Lightspeed Capital.

ChainCatcher news, the DeFi protocol Sky (formerly MakerDAO) announced that the stablecoin USDS is now live on the Solana network.In addition, early adopters can earn over 500,000 USDS in rewards each week.

ChainCatcher news, the Litecoin X account stated that it has been nearly a week since the Litecoin X account posted the meme "Due to current market conditions I now identify as a memecoin," which is a light-hearted mockery of the current state of the cryptocurrency market and also a self-deprecating acknowledgment.Although Litecoin is one of the oldest and most reliable cryptocurrencies in the world, its achievements have been overshadowed and largely ignored in recent years. Greg (@greg16676935420) created a new mascot for Litecoin, but unfortunately, a group of people immediately took this mascot and used it to create a "lestercoin" on the Solana blockchain.Litecoin stated that it has no association with projects using the name or likeness of Lester on Solana, nor has it intentionally promoted or acknowledged their intentions; it is not the official mascot of Litecoin. Furthermore, Litecoin will continue to uphold the principle that "Bitcoin is gold, Litecoin is silver," striving to be the preferred method for global payments and transactions of goods and services, and this has not changed.

ChainCatcher news, Sky (formerly Maker) announced that it has expanded its stablecoin USDS to Solana using the Wormhole Native Token Transfer (NTT) framework. At the same time, the Sky Ecosystem will distribute rewards to early adopters of major Solana DeFi protocols, including 200,000 USDS weekly for Kamino Finance's USDC/USDS liquidity providers, 100,000 USDS for USDS suppliers; 100,000 USDS weekly for Drift Protocol's USDS suppliers; 400,000 USDS monthly for Save's USDS suppliers (equivalent to 100,000 USDS weekly); and 5,000 USDS weekly for Jito's SOL/USDS liquidity pool.

ChainCatcher news, the DEXX hacker incident victim community Ethereum Chain X community has taken the lead in completing the CTO of Solana Chain X Community, providing a compensation plan for the affected users whose $X was stolen.It is reported that Ethereum Chain X is a Musk concept project recognized by the CTO consensus in early October and is also the first MEME community to receive a like from CZ after his return. Due to the unpredictable potential threats brought by the DEXX hacker incident, after proposals and discussions among community members, it was decided to officially have the CTO take over the Solana X Community.The X Community is composed of cryptocurrency players from both domestic and international backgrounds who love the Musk concept X. The community's vision is to help one billion X users embrace Memecoin (Make Meme Great Again), linking Musk's favorite X to more crypto users while providing basic blockchain education for new users, which aligns with CZ's idea that "industry development needs to start with education."

ChainCatcher news, according to @ai_9684xtpa, among the 20 Memecoin projects launched by Binance this year, the Solana ecosystem accounts for 60%, while the Ethereum ecosystem accounts for 20%.In terms of market capitalization, all launched projects have a market cap of over 100 million USD, with projects exceeding 1 billion USD in market cap accounting for 35%. In terms of trading varieties, spot trading accounts for 35%, and among all launched projects, only one project has seen a decline after its launch.

ChainCatcher news, WTF Academy founder 0xAA stated on social media that he has transferred 110 million SCIHUB to the donation address of the Sci-Hub founder on Solana. The subsequent plan is to donate 1% of SCIHUB on the 16th of each month starting from December 16, 2024, for a total of 9 months (a total of 90 million), amounting to 200 million SCIHUB, which accounts for 20% of the total circulation.In addition, Alexandra Elbakyan has committed to selling up to 1% of the total supply of SCIHUB (10 million) each month, unless the token price drops significantly, causing the value of 10 million to fall below $20,000, in which case she may sell flexibly to ensure raising $20,000.

ChainCatcher news, The ETF Store President Nate Geraci posted on the X platform revealing that VanEck's Head of Digital Asset Research Matthew Sigel stated, "I believe the likelihood of a Solana ETF being listed by the end of next year is very high."

ChainCatcher news, according to Coindesk, the crypto investment firm Sol Strategies (HODL), led by former Valkyrie Investment Company CEO and co-founder Leah Wald, has acquired four validator nodes for nearly $18 million in cash and stock.The Toronto-based company, formerly known as Cypherpunk Holdings, plans to acquire these validator nodes from Cogent Crypto. Cogent Crypto is a high-performance validator node operator operating within the Solana ecosystem. According to a statement released on Thursday, the total value of the investment is close to $18 million, divided into three phases: $1 million in cash and approximately $1 million in company stock will be paid upon completion of the transaction, with the remainder to be distributed in stock over three years, Sol Strategies stated.The company will acquire validator nodes for Solana (SOL), Sui (SUI), Monad (MONAD), and ARCH (ARCH) networks from Cogent Crypto, with most of the funds focused on SOL.

ChainCatcher news, according to Solana Floor, the daily trading volume of DEX on the Solana chain accounts for 42% of the total daily trading volume of all on-chain DEX, setting a new historical high.Among them, the daily trading volume of DEX on the Ethereum chain accounts for 17.45%; the daily trading volume of DEX on the BSC chain accounts for 12.58%.

ChainCatcher news, according to Artemis data, Solana decentralized exchange (DEX) has reached a 24-hour trading volume of $5.28 billion, setting a historical second-highest level.