Meme coin trading was a key driver of Raydium’s volume with meme coins accounting for 65% of Raydium’s monthly volume. Raydium Is King of DEXs Raydium (RAY), a decentralized exchange (DEX) on Solana has exceeded Uniswap‘s monthly DEX volume for two months in a row. This saw Raydium emerge as the top DEX by volume […]
New Record for Solana Decentralized Exchanges With Monthly Volume Surpassing $100 Billion
Over $ 116 billion worth of decentralized exchange (dex) trades have been placed on the Solana network in November. Record Volume for Solana DEXs As of Nov. 25, Solana’s monthly trade volume on decentralized exchanges (dexs) surpassed $ 100 billion for the first time. The network’s dex trade volume so far in November …
Texas Drug Ring Sentenced for Laundering $50K Monthly in Cryptocurrency
Six members of a Texas-based drug ring have been sentenced for their roles in a dark web drug operation, which laundered up to $ 50,000 per month in cryptocurrency. The group, operating as “Loverbois,” sold nearly 12 kilograms of meth. They processed about 20 drug orders daily between July 2019 and December 2020. Sentences …
Bitcoin Mining Squeeze: July Revenue Hits Lowest Monthly Intake of the Year
In July, bitcoin miners earned $ 951.11 million, marking the lowest monthly revenue of the year. Out of this total, $ 24.9 million was generated from transaction fees, reflecting a trend of low onchain fees. July Bitcoin Mining Revenue Plummets to a 2024 Low The month was particularly challenging for bitcoin miners, as …
Telegram Reaches 950 Million Monthly Active Users
Telegram, the popular messaging app, has reached 950 million monthly active users worldwide, according to its founder Pavel Durov. The app has served as a platform for the popularization and growth of several cryptocurrency projects featuring tap-to-earn mechanics, such as Notcoin and the recently popular Hamster Kombat. Durov stated that the number of users has […]