SRM, Serum hits a new all-time high as Solana adoption gains traction
SRM Serum hits a new all-time high as low fees and lightning-quick transaction speeds continue to attract new users to the Solana ecosystem. Serum, a decentralized exchange (DEX) that operates on the Solana blockchain has risen in popularity and also gained a good market share.
Ethereum’s market cap exceeds that of platinum for the first time
With ETH charting new all-time highs, its cumulative market value has exceeded that of mined platinum. Ether (ETH) is approaching the top 30 most valuable assets in the world following its latest price breakthrough, offering further evidence that the developer network is in the midst of a powerful bull market.
QuickSwap (QUICK) gains 420% as Polygon’s (MATIC) L2 network attracts new liquidity
Low fees and high yield opportunities briefly pushed the QUICK price above the $1,000 mark as the Polygon-based layer-two solution sees adoption from new blockchain projects. MATIC token climb toward new highs due to a surge in activity on its QuickSwap decentralized exchange (DEX).
Waves, Celo, and Injective Protocol (INJ) breakout as Defi reawakens
Strong future growth prospects and new institutional investments appear to be backing the rally in WAVES, INJ and CELO. The altcoin season is not entirely driven by retail investors. Even the Ether futures market has increased by 20, cementing the involvement of institutional investors.
SBI doubled crypto business profits in the past fiscal year
SBI’s total pre-tax profit from its crypto business surged above $174 million in the past fiscal year. On Wednesday, SBI released a report on the company’s financial results, disclosing that its pre-tax crypto-powered profits during the past fiscal year amounted to 18.9 billion yen ($174 million). The amount is 10 billion yen ($92 million) higher than the total pre-tax total profit recorded over the previous fiscal year, SBI said.