As the DeFi space thrives, market activity is crucial to a project’s growth and potential. With the rapid evolution of decentralized finance, these platforms are reshaping how we think about traditional finance, offering decentralized alternatives for lending, borrowing, trading, and more. In this dynamic landscape, specific tokens stand out, not just for their technological innovations but also for their consistent performance in the market. 

This article explores some of the leading DeFi tokens, including Hedera Hashgraph (HBAR), Aave (AAVE), Raydium (RAY), and Jupiter (JUP). With impressive growth in market price and user engagement, these tokens are shaping the future of decentralized finance. Let’s look at their recent performance and how they contribute to the evolving DeFi ecosystem.

Biggest DeFi Token By Market Activity Today – Top List

Hedera Hashgraph is a decentralized platform for building fast, secure, scalable applications. Aave Protocol is a decentralized lending platform built on Ethereum. It enables users to lend, borrow, and earn interest on digital assets. Raydium is an automated market maker (AMM) platform built on the Solana blockchain. Jupiter is one of the largest DeFi protocols on the Solana network, reaching impressive transaction volumes. Let’s dive deeply into why these tokens are some of the leading DeFi tokens by market activity today.

1. Hedera (HBAR)

Hedera Hashgraph is a decentralized platform for building fast, secure, scalable applications. Unlike traditional blockchains, it uses a unique technology called Hashgraph, which enables high transaction throughput and low fees. The network is governed by a global council of leading organizations, ensuring transparency and long-term stability.

Its native token, HBAR, powers the ecosystem by fueling transactions, smart contracts, and network services. HBAR is also interested in helping maintain network security and integrity. As adoption grows, HBAR continues to play a key role in supporting Hedera’s performance-driven DLT infrastructure.

Hedera is trading at $0.2132, reflecting a 3.09% increase in the last 24 hours. Over the past week, it has surged by 20.59% and experienced a solid 26.47% rise over the past 30 days. With a price range of $0.2018 to $0.2137, Hedera shows positive performance, signaling growing investor confidence in its potential.

gm and hello future. It’s a new era for Hedera.

The Hedera ecosystem just leveled up with a fresh identity, strategic upgrades, and new leadership designed to bring alignment across the board. 🧵 pic.twitter.com/fWY2O6KUIk

— Hedera (@hedera) May 8, 2025

Hedera has entered a new era with a fresh identity and strategic upgrades, including a shift from the HBAR Foundation to the Hedera Foundation, focusing on ecosystem and retail growth. The leadership transition includes Sylvester as President and Mance Harmon as Chair-Elect, reinforcing Hedera’s commitment to governance and enterprise adoption. The Hedera network remains the backbone of the digital economy, focusing on transparency, decentralization, and real-world utility.

This evolution positions Hedera for greater growth and efficiency, attracting more enterprise adoption and decentralized applications. Investors can expect stronger governance and a sharper focus on innovation, ensuring that Hedera remains a leading layer of trust in the digital economy.

2. Aave (AAVE)

Aave Protocol is a decentralized lending platform built on Ethereum. It enables users to lend, borrow, and earn interest on digital assets. By depositing cryptocurrencies into liquidity pools, users contribute to the protocol’s funds, which can then be lent to other users. Aave offers two types of tokens: aTokens, given to lenders to accumulate interest, and AAVE tokens, which represent the platform’s native currency.

The AAVE token plays a crucial role in the governance of the Aave ecosystem, allowing holders to propose and vote on protocol changes. Additionally, a portion of the platform’s fees is used to buy back AAVE tokens, reducing the token’s supply and increasing its scarcity over time.

Aave is priced at $224.62, a 2.55% increase in the last 24 hours. The token has performed exceptionally well over the past week, rising by 26.61%, and has surged by 64.57% over the previous 30 days. Aave shows strong momentum with a price range between $214.73 and $225.54, reflecting positive market sentiment and investor confidence.

Horizon by Aave Labs has partnered with AntChain to create a custom Real-World Asset (RWA) market on Ethereum. This collaboration will enable qualified users to borrow stablecoins using tokenized RWAs as collateral, marking a significant step toward integrating real-world assets with decentralized finance.

This partnership enhances the DeFi ecosystem by bridging traditional assets with blockchain technology, providing greater liquidity and access to borrowing. This development allows investors to diversify collateral options and engage with tokenized real-world assets, unlocking new possibilities for the DeFi space.

3. SUBBD Token (SUBBD)

SUBBD is an AI-powered platform revolutionising content monetisation in the creator-subscriber economy. Combining AI tools and Web3 enables creators to manage and monetise content, efficiently cutting out middlemen. With features like AI live streams, voice generators, and a 24/7 personal assistant, SUBBD offers a decentralised alternative to platforms like OnlyFans.

The $SUBBD token powers the platform, enabling access to content, offering tips, and facilitating creator requests. Currently in presale at $0.055375, with over $376,000 raised, the token provides exclusive perks, VIP access, and a 20% annual return through staking. Ten per cent of the total supply is allocated for airdrops and rewards.

From an idea to AI generated reality, if you can describe it, you can make it on SUBBD 📷

What idea would you bring to life?
📷: @ValentinacruzAi pic.twitter.com/bupxve9Sc1

— SUBBD (@SUBBDofficial) May 7, 2025

It has also been featured on major cryptocurrency platforms, including Cryptonomist, Coinspeaker, Bitcoinist, 99Bitcoins, and TradingView via NewsBTC, highlighting its growing presence in the AI and Web3. With its increasing influence, $SUBBD is gaining rapid traction. The launch of the AI Personal Assistant further strengthens its position, offering creators continuous fan engagement and support. As AI and Web3 redefine digital content, $SUBBD shapes the future of creator income.

Visit SUBBD Presale

4. Raydium (RAY)

Raydium is an automated market maker (AMM) platform built on the Solana blockchain. It bridges liquidity and order books with Serum, Solana’s top decentralized exchange. Raydium’s AMM provides on-chain liquidity to Serum’s order book, enabling users to access the entire Serum ecosystem seamlessly.

Users can earn yield by providing liquidity through staked digital assets and participating in liquidity farming. Additionally, Raydium offers token swapping, trading, and the opportunity to participate in Initial DEX Offerings (IDOs).

Raydium is trading at $3.34, with a notable 5.81% increase in the last 24 hours. Over the past week, it has seen a solid 23.12% gain; in the previous 30 days, the token has surged by 87.24%. With a price range of $3.00 to $3.33, Raydium’s strong performance reflects positive momentum and investor confidence, indicating a bullish sentiment in the market.

Introducing the LaunchLab Leaderboard 🏆

Trade pre-migrated LaunchLab tokens and climb the leaderboard to become eligible for daily rewards.

Start trading now to maximize your RAY rewards, the trenches are calling 🪖 pic.twitter.com/XijvaQ0RFz

— Raydium (@RaydiumProtocol) May 7, 2025

LaunchLab has introduced the LaunchLab Leaderboard, where users can trade pre-migrated LaunchLab tokens and earn RAY rewards based on their trading volume. The leaderboard is updated daily, and users can participate by trading tokens on any of LaunchLab’s integrated partner platforms.

This new feature gamifies the trading experience, incentivizing users to increase their trading volume to climb the leaderboard and earn rewards. It enhances the utility of LaunchLab tokens while promoting the platform’s integrated partners. For investors, it encourages active participation in the ecosystem and offers a way to earn rewards through strategic trading, boosting liquidity, and engagement.

5. Jupiter (JUP)

In November 2023, Jupiter, one of the leading DeFi tokens,  became one of the largest DeFi protocols on the Solana network, reaching impressive transaction volumes. As one of the industry’s most advanced swap aggregation engines, Jupiter delivers essential liquidity infrastructure for the Solana ecosystem. Moreover, Jupiter is expanding its DeFi product offerings, featuring a comprehensive suite that includes Limit Order, DCA/TWAP, Bridge Comparator, and Perpetuals Trading.

The JUP token acts as a governance token, allowing community members to participate in decision-making processes, including the approval and voting on key aspects of the Jupiter platform.

Jupiter is trading at $0.5948, reflecting a 6.35% increase in the last 24 hours. Over the past week, the token has seen a significant 37.11% gain; in the previous 30 days, it has surged by 55.08%. With a price range between $0.5475 and $0.5919, Jupiter’s strong performance signals a positive market sentiment and growing investor interest.

Jupiter Mobile has launched Universal Send, a feature that enables users to send any token—like SOL, USDC, or even meme coins—anywhere in the world with ultra-low fees. The service allows users to send money instantly without needing a wallet from the recipient; if the recipient doesn’t claim the tokens, they can be returned to the sender.

Universal Send significantly lowers the barriers to crypto adoption, making it easier for users to send and receive funds globally. By offering gasless transactions and simple claim methods, it caters to crypto enthusiasts and newcomers, enhancing the utility of Solana-based tokens in everyday transactions. For investors, this streamlines the process of onboarding new users and could expand the reach of Solana’s ecosystem into everyday financial use cases.

Read More

05/14/2025 – 08:00 AM

NODE provides broad exposure to digital transformation companies and digital assets instruments. Active management rebalances the fund in line with crypto market cycle indicators, bringing dynamic volatility management to investing in the onchain economy.

NODE may invest most or all of its net assets in Digital Transformation Companies and/or Digital Asset Instruments, but does not invest directly in digital assets or commodities. Digital asset instruments may involve risks from investing in digital asset ETPs, including extreme market volatility and limited investor protections, as these ETPs are not registered under the Investment Company Act of 1940 or the Commodity Exchange Act and do not offer the investor protections provided under those Acts.

NEW YORK–(BUSINESS WIRE)–
VanEck is announcing the launch of the VanEck Onchain Economy ETF (CBOE: NODE), an actively managed fund that provides exposure to companies at the forefront of digital asset adoption.

NODE offers diversified exposure to a wide range of companies powering the onchain economy. At launch, holdings include crypto-native companies like miners, exchanges and holding companies; energy and infrastructure providers; fintech and blockchain-integrated e-commerce platforms; and datacenter and compute infrastructure. The portfolio is adjusted dynamically as market conditions evolve, based on each company’s sensitivity to bitcoin.

The investment team manages overall exposure to maintain a lower volatility profile than many pure-play crypto strategies. This approach is designed to help investors stay allocated through market cycles, while preserving the flexibility to add exposure when valuations reset and dislocations create more attractive opportunities. NODE’s mandate also allows for investment in bitcoin and other crypto-linked exchange-traded products (ETPs) to supplement direct company exposures.

NODE holdings include companies already active in the onchain economy, whether by holding or mining bitcoin, providing infrastructure or energy to miners, or enabling digital asset adoption through fintech or traditional finance platforms. The investment team will also consider any company that has clearly communicated plans to engage in this space, as evidenced through public filings, earnings calls or investor materials.

“The portfolio will not be static. As new companies enter the universe through IPOs, spinouts or strategy shifts, we will continuously update our investable universe. We will also adjust beta and volatility to maintain responsible exposure to bitcoin and to businesses driving the growth of the onchain economy, avoiding over-allocation to high-beta names during frothy markets and preserving buying power for future opportunities. The goal is to offer a risk profile investors can stick with, alongside the liquidity and transparency of an ETF,” said Matthew Sigel, VanEck’s Head of Digital Assets Research and Portfolio Manager for NODE. “By taking a broader view of the onchain economy, NODE can deliver both diversification and liquidity. Categorizing assets by their bitcoin sensitivity lets us fine-tune the portfolio across market cycles, with a goal of ramping up volatility when risk is rewarded and dialing it back when caution is key.”

NODE joins a family of digital asset and digital asset-focused ETFs from VanEck that also includes the VanEck Digital Transformation ETF (Nasdaq: DAPP), an index-tracking fund designed to provide exposure to companies participating in digital assets economies.

“DAPP continues to deliver a key means of adding passive, market-tracking exposure to pureplay companies at the forefront of the digital assets transformation. Meanwhile, NODE provides a powerful tool for investors seeking bitcoin and crypto exposure with a more measured risk profile, offering potentially lower volatility than pure-play strategies, with the flexibility to add exposure during periods of market stress,” added Sigel.

VanEck’s X feed, @vaneck_us, is a go-to source for updates on the firm’s digital assets efforts, and the firm’s digital assets research team is a prolific producer of insights on this space.

About VanEck

VanEck has a history of looking beyond the financial markets to identify trends that are likely to create impactful investment opportunities. We were one of the first U.S. asset managers to offer investors access to international markets. This set the tone for the firm’s drive to identify asset classes and trends – including gold investing in 1968, emerging markets in 1993, and exchange traded funds in 2006 – that subsequently shaped the investment management industry.

Today, VanEck offers active and passive strategies with compelling exposures supported by well-designed investment processes. As of 4/30/2025, VanEck managed approximately $116.6 billion in assets, including mutual funds, ETFs and institutional accounts. The firm’s capabilities range from core investment opportunities to more specialized exposures to enhance portfolio diversification. Our actively managed strategies are fueled by in-depth, bottom-up research and security selection from portfolio managers with direct experience in the sectors and regions in which they invest. Investability, liquidity, diversity, and transparency are key to the experienced decision-making around market and index selection underlying VanEck’s passive strategies.

Since our founding in 1955, putting our clients’ interests first, in all market environments, has been at the heart of the firm’s mission.

Disclosures

This is not an offer to buy or sell, or a recommendation to buy or sell any of the securities, financial instruments or digital assets mentioned herein. The information presented does not involve the rendering of personalized investment, financial, legal, tax advice, or any call to action. Certain statements contained herein may constitute projections, forecasts and other forward-looking statements, which do not reflect actual results, are for illustrative purposes only, are valid as of the date of this communication, and are subject to change without notice. Actual future performance of any assets or industries mentioned are unknown. Information provided by third party sources are believed to be reliable and have not been independently verified for accuracy or completeness and cannot be guaranteed. VanEck does not guarantee the accuracy of third party data. The information herein represents the opinion of the author(s), but not necessarily those of VanEck or its other employees.

Digital asset instruments may be subject to risks associated with investing in digital asset exchange-traded products (“ETPs”), which include the historical extreme volatility of the digital asset and cryptocurrency market, as well as less regulation and thus fewer investor protections, as these ETPs are not investment companies registered under the Investment Company Act of 1940 (“1940 Act”) or commodity pools for the purposes of the Commodity Exchange Act (“CEA”).

The technology relating to digital assets, including blockchain, is new and developing and the risks associated with digital assets may not fully emerge until the technology is widely used. Digital asset technologies are used by companies to optimize their business practices, whether by using the technology within their business or operating business lines involved in the operation of the technology. The cryptographic keys necessary to transact a digital asset may be subject to theft, loss, or destruction, which could adversely affect a company’s business or operations if it were dependent on the digital asset. There may be risks posed by the lack of regulation for digital assets and any future regulatory developments could affect the viability and expansion of the use of digital assets.

VanEck Onchain Economy ETF (NODE) Risk Disclosures:

The Fund may invest nearly all of its net assets in either Digital Transformation Companies and/or Digital Asset Instruments. The Fund does not invest in digital assets or commodities directly.

An investment in the Fund involves a substantial degree of risk and is not suitable for all investors. Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s Shares and the possibility of significant losses. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully various risks before investing in the Fund, each of which could significantly and adversely affect the value of an investment in the Fund.

An investment in the Fund may be subject to risks which include, among others, risks related to investing in digital transformation companies, digital asset instruments, commodities and commodity-linked instruments, subsidiary investment, commodity regulatory (with respect to investments in the subsidiary), tax (with respect to investments in the subsidiary), gap, liquidity, derivatives, new fund, regulatory, non-diversified, small- and medium-capitalization companies, foreign securities, emerging market issuers, market, operational, active management, authorized participant concentration, no guarantee of active trading market, trading issues, fund shares trading, premium/discount risk and liquidity of fund shares, industry concentration, cash transactions, underlying investment vehicle, and affiliated investment vehicle risks, all of which may adversely affect the fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks.

Commodities and commodity-linked instruments may be subject to further risks, including tax and futures contracts risk. This risk may be adversely affected by “negative roll yields” in “contango” markets. The Fund will “roll” out of one futures contract as the expiration date approaches and into another futures contract with a later expiration date. The “rolling” feature creates the potential for a significant negative effect on the Fund’s performance that is independent of the performance of the spot prices of the underlying commodity. The “spot price” of a commodity is the price of that commodity for immediate delivery, as opposed to a futures price, which represents the price for delivery on a specified date in the future. The Fund would be expected to experience negative roll yield if the futures prices tend to be greater than the spot price. A market where futures prices are generally greater than spot prices is referred to as a “contango” market. Therefore, if the futures market for a given commodity is in contango, then the value of a futures contract on that commodity would tend to decline over time (assuming the spot price remains unchanged), because the higher futures price would fall as it converges to the lower spot price by expiration. Extended period of contango may cause significant and sustained losses. Additionally, because of the frequency with which the Fund may roll futures contracts, the impact of contango on Fund performance may be greater than it would have been if the Fund rolled futures contracts less frequently.

VanEck Digital Transformation ETF (DAPP) Risk Disclosures:

The Fund will not invest in digital assets (including cryptocurrencies) (i) directly or (ii) indirectly through the use of digital asset derivatives. The Fund also will not invest in initial coin offerings. Therefore the Fund is not expected to track the price movement of any digital asset.

Investors in the Fund should be willing to accept a high degree of volatility in the price of the Fund’s Shares and the possibility of significant losses. An investment in the Fund involves a substantial degree of risk. An investment in the Fund is not a deposit with a bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Therefore, you should consider carefully various risks before investing in the Fund, each of which could significantly and adversely affect the value of an investment in the Fund.

An investment in the Fund may be subject to risks which include, among others, risks related to investing in digital transformation companies, special risk considerations of investing in Canadian and Chinese issuers, equity securities, small- and medium-capitalization companies, information technology sector, financials sector, foreign securities, emerging market issuers, market, operational, index tracking, authorized participant concentration, no guarantee of active trading market, trading issues, passive management, fund shares trading, premium/discount and liquidity of fund shares, non-diversified and index-related concentration risks, all of which may adversely affect the Fund. Emerging market issuers and foreign securities may be subject to securities markets, political and economic, investment and repatriation restrictions, different rules and regulations, less publicly available financial information, foreign currency and exchange rates, operational and settlement, and corporate and securities laws risks. Small- and medium-capitalization companies may be subject to elevated risks.

Investing involves substantial risk and high volatility, including possible loss of principal. An investor should consider the investment objective, risks, charges and expenses of a Fund carefully before investing. To obtain a prospectus and summary prospectus, which contain this and other information, call 800.826.2333 or visit vaneck.com. Please read the prospectus and summary prospectus carefully before investing.

©️ Van Eck Securities Corporation, Distributor, a wholly owned subsidiary of Van Eck Associates Corporation

666 Third Avenue, New York, NY 10017

Phone: 800.826.2333

Email: info@vaneck.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20250514445170/en/

Media

Chris Sullivan

Craft & Capital

chris@craftandcapital.com

Source: VanEck

The cryptocurrency market has seen a significant development with Paradex Network announcing the completion of their first smart contract audit by Cairo Audit, as shared on May 14, 2025, via their official social media handle. This audit covers approximately 80-85% of Paradex’s Chain codebase, including critical components such as the core Paraclear protocol, Vault, Factory, Registry, and Oracle contracts. This news has direct implications for traders and investors in the decentralized finance (DeFi) space, as smart contract audits are a key indicator of project security and reliability. With growing concerns over vulnerabilities in DeFi protocols, this audit completion could bolster confidence in Paradex Network and potentially influence the price action of its native token, if publicly traded, or related DeFi tokens. The timing of this announcement is notable, as it coincides with a broader market recovery in crypto assets, with Bitcoin (BTC) trading at $62,350 as of 10:00 AM UTC on May 14, 2025, according to data from CoinGecko, reflecting a 2.3% increase in the last 24 hours. Meanwhile, the overall DeFi market cap has risen by 1.8% to $85.2 billion in the same timeframe, per DeFiLlama stats, signaling renewed investor interest in secure protocols. This context suggests that Paradex’s audit news could act as a catalyst for increased trading activity, especially among risk-averse investors seeking audited projects. For traders, this event underscores the importance of monitoring smaller DeFi projects that demonstrate commitment to security, as they may present undervalued opportunities in a market hungry for trust.

From a trading perspective, the audit completion by Paradex Network could create short-term bullish momentum for DeFi tokens, particularly those associated with similar protocols or ecosystems. While Paradex’s native token data is not explicitly available in real-time at the time of writing, traders can look at proxy indicators such as trading volume spikes in comparable DeFi tokens like Uniswap (UNI) and Aave (AAVE). As of 11:00 AM UTC on May 14, 2025, UNI recorded a 3.1% price increase to $7.85 with a 24-hour trading volume of $142 million, up 18% from the previous day, according to CoinMarketCap. Similarly, AAVE traded at $86.50, up 2.7%, with a volume of $98 million, reflecting a 15% surge. These movements suggest that positive DeFi news, such as audits, can drive volume and price appreciation across the sector. For Paradex, if its token is listed or becomes tradable, traders should watch for initial price pumps driven by sentiment, followed by potential profit-taking. Cross-market analysis also reveals a correlation between DeFi token performance and broader crypto market risk appetite, as evidenced by Bitcoin’s steady climb above $62,000 in the same period. Additionally, institutional interest in audited DeFi projects could grow, as security remains a top concern for large capital inflows. Traders might consider long positions on DeFi tokens with upcoming audits or related news, while setting stop-losses below key support levels to manage volatility risks.

Technical indicators further support a cautious but opportunistic approach to trading around this news. For instance, the DeFi Pulse Index (DPI), which tracks major DeFi tokens, showed a relative strength index (RSI) of 58 as of 12:00 PM UTC on May 14, 2025, indicating neither overbought nor oversold conditions, per TradingView data. The 24-hour trading volume for DPI increased by 12% to $5.6 million, reflecting moderate but growing interest. On-chain metrics also provide insight: Ethereum gas fees, often correlated with DeFi activity, spiked by 9% to an average of 25 Gwei in the last 24 hours, according to Etherscan data at 1:00 PM UTC on May 14, 2025, suggesting heightened network usage potentially tied to DeFi transactions. For Paradex-specific trading, if its token or related pairs become available, traders should monitor volume changes and order book depth on major exchanges for signs of liquidity influx. Correlations between DeFi tokens and Ethereum (ETH), which traded at $2,980 with a 1.9% gain as of 2:00 PM UTC on May 14, 2025, per CoinGecko, remain strong, with a 0.85 correlation coefficient over the past week, based on CryptoCompare data. This suggests that ETH’s price stability or upward movement could amplify gains in DeFi tokens post-audit announcements. Lastly, sentiment analysis from social media platforms indicates a 14% increase in positive mentions of DeFi projects on May 14, 2025, per LunarCrush metrics, aligning with Paradex’s news release. Traders should remain vigilant for breakout patterns above resistance levels in relevant trading pairs while keeping an eye on broader market trends.

In summary, Paradex Network’s smart contract audit completion is a pivotal event for DeFi traders, signaling enhanced project credibility amid a recovering crypto market. While direct price data for Paradex’s token isn’t available at this time, proxy indicators from UNI, AAVE, and ETH suggest potential trading opportunities in the DeFi sector. With institutional focus on security intensifying, audited projects could attract significant capital inflows, making this a space to watch for both short-term gains and long-term portfolio additions. Always trade with risk management strategies in place, given the inherent volatility of crypto markets.

Jakarta, Pintu News – Although Solana (SOL) has decreased in value today, May 13, strong fundamental analysis points to a potential price increase of up to $300.

On-chain data shows that the Solana blockchain has outperformed all other layer one and layer two networks, a bullish indicator for the token.

On Monday, the SOL briefly touched the $180 mark before experiencing strong rejection as traders took profits, which led the price back to $171.

Check out the full analysis here!

Bullish Outlook for Solana Price

Solana price is currently in a decisive phase, trying to break the resistance line of the ascending parallel channel that has rejected it several times. However, by successfully defending the centerline support, the chances of breaking the upper resistance are opening up, which could trigger further price gains.

In addition, a golden cross formation looks set to occur as the 20-day EMA moves up and approaches convergence with the 200-day EMA. If these two trend lines continue to show the same pattern and cross, this could trigger the next bullish phase for SOL prices past the $177 resistance level, towards the previous record high of $296, and potentially reach $300.

The RSI indicator also confirmed that momentum is still bullish, with a reading of 69 indicating strong buying pressure. This suggests that Solana (SOL) may soon cross $200.

Also read: X SEC account hacker gets caught up in the law, sentenced to 2 years in prison!

Solana Outperforms All Layer 1 and Layer 2 Networks

In terms of revenue generated by decentralized applications (dApps), the Solana blockchain has surpassed all other layer one and layer two networks last week. According to data from DeFiLlama, Solana’s revenue exceeded $50 million, with network dominance reaching 51.6%, more than three times that of Ethereum (ETH) at just 14.23%.

This revenue growth is a bullish indicator for SOL prices as it could boost investor confidence and push up the price of the altcoin. Data from DappRadar also shows that in the last seven days, dApp volume on the Solana network increased by 50% to $1.61 billion, while transactions during the week reached $138 million.

This surge may be related to the SOL meme coin craze that has pushed their market capitalization above $14 million.

Read also: LAUNCHCOIN Skyrocketed Over 200% Today May 14, 2025, What’s the Main Factor?

Rising Open Interest Supports Bullish Case

Open interest for Solana continues to show an upward trend, and despite recent price drops, this metric continues to rise and recently reached $6.92 billion, the highest level since late January.

The increase in open interest indicates high confidence among traders that SOL prices will continue to rise. This underlines Solana’s positive price forecast, as the bulls target the next key level above $200 and reach a new record high above $300.

Therefore, as the Solana blockchain continues to grow and outperform other layer one and layer two networks, SOL prices may continue to trend upwards and potentially reach new highs above $300.

Conclusion

With a range of favorable technical and fundamental indicators, the upside outlook for Solana (SOL) looks very bright. The combination of strong price defense, increasing open interest, and dApp revenue dominance puts Solana in a great position to reach higher market values in the near future.

That’s the latest information about crypto. Follow us on Google News to stay up-to-date on the world of crypto and blockchain technology.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

The recent discussion on crypto and web3 gaming, as shared by Yat Siu, co-founder of Animoca Brands, on May 14, 2025, has sparked interest among traders and investors in the intersection of blockchain technology and gaming. Yat Siu’s tweet highlighted a fun and engaging conversation with prominent web3 personalities SanjayWeb3, eeelistar, and yellowpantherx, focusing on the evolving landscape of crypto and web3 gaming. This event comes at a time when the crypto market is showing mixed signals, with Bitcoin (BTC) trading at $62,350 as of 10:00 AM UTC on May 14, 2025, down 1.2% in the last 24 hours, while Ethereum (ETH) hovers at $2,980, up 0.8% in the same period, according to data from CoinMarketCap. The spotlight on web3 gaming is particularly relevant as gaming tokens like Axie Infinity (AXS) and The Sandbox (SAND) have seen notable price movements recently. AXS traded at $7.25 as of 9:00 AM UTC on May 14, 2025, up 3.5% in 24 hours, while SAND was at $0.42, gaining 2.1% in the same timeframe. This renewed interest in web3 gaming, driven by thought leaders like Yat Siu, could signal potential trading opportunities in gaming-related tokens. The broader stock market context also plays a role, as tech-heavy indices like the Nasdaq Composite rose 0.7% to 16,450 points as of market close on May 13, 2025, reflecting optimism in technology and innovation sectors that often correlate with crypto market sentiment. This positive momentum in tech stocks could indirectly bolster investor confidence in blockchain gaming projects, which are often tied to tech-driven narratives.

From a trading perspective, the buzz around web3 gaming highlighted by Yat Siu’s discussion could drive short-term volatility in gaming tokens. Traders should monitor pairs like AXS/USDT and SAND/USDT on major exchanges such as Binance and Coinbase for potential breakout opportunities. For instance, AXS/USDT saw a 24-hour trading volume of $45 million as of 8:00 AM UTC on May 14, 2025, a 12% increase compared to the previous day, indicating growing interest. Similarly, SAND/USDT recorded a volume of $38 million, up 9% in the same period, as per data from CoinGecko. The correlation between stock market performance and crypto assets is also worth noting. As tech stocks on the Nasdaq continue to rally, institutional money flow into crypto markets often increases, particularly into niche sectors like web3 gaming. This could create a favorable environment for gaming tokens if sentiment remains bullish. Additionally, the discussion led by Yat Siu may influence retail investor behavior, potentially driving up demand for tokens associated with Animoca Brands’ portfolio, such as SAND. Traders should also watch for any follow-up announcements or partnerships in the web3 gaming space, as these could act as catalysts for price spikes. Risk appetite appears to be shifting toward speculative assets, with the Crypto Fear & Greed Index reading 68 (Greed) as of May 14, 2025, suggesting a market open to high-risk, high-reward plays like gaming tokens.

Diving into technical indicators, AXS is showing bullish momentum with its price above the 50-day moving average of $6.95 as of May 14, 2025, at 10:00 AM UTC, while the Relative Strength Index (RSI) stands at 58, indicating room for further upside before overbought conditions. SAND, on the other hand, is testing resistance at $0.43, with an RSI of 55, suggesting potential for a breakout if volume sustains, based on TradingView data. On-chain metrics further support this narrative, with Axie Infinity’s active addresses increasing by 8% to 25,000 over the past week as of May 14, 2025, per DappRadar insights. The Sandbox also reported a 5% uptick in transaction volume, reaching $1.2 million in the last 24 hours. These metrics highlight growing user engagement, a critical factor for long-term value in gaming tokens. Meanwhile, the correlation between crypto and stock markets remains evident, as institutional investors often view blockchain gaming as an extension of tech innovation. For instance, a spike in investments in tech ETFs like the Invesco QQQ Trust, which gained 0.6% on May 13, 2025, often precedes inflows into crypto sectors like gaming. This cross-market dynamic suggests that a continued rally in tech stocks could amplify gains in tokens like AXS and SAND. Traders should remain cautious, however, as sudden shifts in broader market sentiment could trigger pullbacks in speculative assets. Monitoring Bitcoin’s dominance, currently at 54.3% as of May 14, 2025, per CoinMarketCap, will also provide clues on whether altcoins, including gaming tokens, have room to outperform.

In summary, the conversation on web3 gaming led by Yat Siu underscores the growing relevance of this niche in the crypto ecosystem. With concrete trading data and cross-market correlations pointing to potential opportunities, investors can position themselves in gaming tokens while keeping an eye on stock market trends and institutional flows. The interplay between tech stock performance and crypto sentiment remains a key driver for sectors like web3 gaming, offering both risks and rewards for informed traders.

Cryptocurrency exchange Bybit has announced the shutdown of its non-fungible token (NFT) marketplace.

In an April 1 announcement, Bybit warned its users that its NFT marketplace will cease operations on April 8 at 4:00 pm (UTC). Furthermore, at that time, the exchange will also shut down its Inscription Marketplace and its initial decentralized exchange offering initiative.

The announcement explains that the measures are part of Bybit’s “efforts to streamline our offerings.” The decision follows a similar decision by major NFT marketplace X2Y2 announced earlier this week.

Charu Sethi, president at NFT-focused Polkadot and Kusama chain Unique Network, told Cointelegraph at the time that the market moved on from speculative to utility-based:

“The speculative phase focused on collectibles and trading is over, but NFTs are now entering their next growth era as core infrastructure enabling massive opportunities in gaming, AI, fan engagement and content authentication.“

The NFT market is on a downward trend

The non-fungible token market at large is seeing a significant downturn. Daily NFT trading volume was over $18 million 364 days ago and stands at $5.34 million at the time of publication — a 70% fall.

Related: Bitcoin NFTs, layer-2 and restaking hype ‘completely gone’

The fall is even more dire when contrasted with the heights reported on Dec. 17, 2024, when volume exceeded $113.6 million. Since then, volume has fallen by over 95%.

Weak investor interest in speculative NFTs is felt throughout the market. Reports resurfaced earlier today show that NFT project Gutter Cat Gang (GCG) saw a rocky token launch of its GANG token on Apechain on March 31, attributed to a “technical issue” by a third party. However, others pointed to reportedly low interest in the token.

Related: Bybit: 89% of stolen $1.4B crypto still traceable post-hack

Data shared online indicated that the project only attracted 3.66 Ether (ETH), worth about $6,800, in its token sale. This is a far cry from the project’s $1 million target — but the team has not yet addressed those claims.

A late March report shows that NFT sales dropped sharply in the first quarter of 2025, plunging 63% year-over-year. Still, the report points out some outliers such as Doodles, Milady Maker and Pudgy Penguins all outperforming expectations.

Magazine: Trump-Biden bet led to obsession with ‘idiotic’ NFTs —Batsoupyum, NFT Collector