Solana network and DeFi activity suggest SOL price rally will continue

Key takeaways: Solana’s $10.9 billion TVL surpassed the entire Ethereum layer-2 ecosystem. Solana’s 30-day fee revenue ($43.4 million) rose 109% compared to the previous month. SOL’s 8% funding rate shows healthy leverage demand from bulls. Solana’s native token SOL (SOL) surged 24.8% between May 6 and May 10, following the broader altcoin market rally after…

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Altcoins’ roaring returns and falling USDT stablecoin dominance suggest ‘altseason’ is here

Key Takeaways: Declining Bitcoin dominance and rising strength in altcoins and memecoins could be a sign that it’s altseason. USDT dominance could drop to 2022 lows, indicating an accelerating capital rotation into Bitcoin and other cryptocurrencies. The cryptocurrency market shows signs that an altseason, a period where altcoins significantly outperform Bitcoin (BTC), could be on…

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Brave adds Cardano support

Update (May 13, 1:00 pm UTC): This article has been updated to add third-party commentary from Robert Roose. Web3 and privacy-focused web browser Brave Browser has integrated the Cardano blockchain into its native and standalone wallets. According to a May 12 announcement, the integration stems from a partnership between Brave Browser and Cardano development firm…

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Solana co-founder proposes meta chain to fix blockchain fragmentation

Solana Labs co-founder Anatoly Yakovenko proposed a new data availability (DA) solution to improve persistent fragmentation and lack of interoperability across blockchain networks. In a May 12 post on X, Yakovenko proposed a “meta blockchain” to aggregate and order data posted across multiple layer-1 chains, including Ethereum, Celestia and Solana. “This would actually allow the…

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Nasdaq-listed GDC plans to buy Bitcoin and TRUMP memecoin for $300M

GD Culture Group (GDC), a Nasdaq-listed holding company focused on livestreaming, e-commerce and artificial intelligence-powered digital human technology, plans to raise up to $300 million for a cryptocurrency treasury reserve. In a May 12 statement, GDC and its subsidiary, AI Catalysis, announced entering into a common stock purchase agreement with a British Virgin Islands limited…

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