Franklin Templeton highlights that Solana’s decentralized finance (DeFi) surge poses a significant challenge to Ethereum’s dominance in the blockchain space. This emerging competition could reshape the landscape of digital finance, as Solana gains traction among developers and users alike.
about Solana's DeFi Growth Challenges Ethereum's Dominance in Cryptocurrency MarketFranklin Templeton
0 in Finance and 0 in Crypto last weekSolana Emerges as a Serious Contender in the DeFi Landscape
Ethereum’s dominance in decentralized finance (DeFi) is increasingly challenged by Solana, which has seen its decentralized exchange (DEX) volumes surpass Ethereum’s for the first time. A Franklin Templeton report highlights Solana’s rapid growth and suggests it may be undervalued despite its rising influence, indicating a potential shift in the DeFi landscape. While Ethereum retains advantages like a larger developer base and institutional adoption, Solana’s advancements signal it is becoming a serious competitor in the market.
about Solana Emerges as a Serious Contender in the DeFi LandscapeSolana DeFi Growth Outpaces Ethereum Yet Tokens Remain Undervalued
Solana’s DeFi ecosystem is rapidly outpacing Ethereum in speed and revenue, with a staggering 2,400% median increase in fees year-over-year. Despite this growth, Solana’s top tokens remain undervalued, averaging a 9x valuation multiple compared to Ethereum’s 18x. As Solana’s decentralized exchange volume surpasses that of Ethereum, a potential market repricing could align its DeFi assets more closely with Ethereum’s valuations.
about Solana DeFi Growth Outpaces Ethereum Yet Tokens Remain UndervaluedSolana DeFi Tokens Seen as Undervalued Compared to Ethereum
Franklin Templeton has indicated that Solana DeFi tokens are undervalued compared to those of Ethereum. The firm, along with its 918 partners, emphasizes the importance of user consent regarding personal data processing, including location tracking and device identification, to enhance personalized advertising and content. Users can manage their data preferences through the Cookie Declaration.
about Solana DeFi Tokens Seen as Undervalued Compared to EthereumBitcoin ETF Outflows Continue as Ethereum Funds Show Resilience
U.S. spot Bitcoin ETFs are experiencing a fourth consecutive week of outflows, totaling nearly $4 billion, with $143.43 million lost on March 4. In contrast, Ethereum funds are showing resilience, breaking an eight-day outflow streak with $14.58 million in inflows, led by Fidelity’s FETH, which added $21.67 million. Despite recent struggles, BlackRock’s iShares Ethereum Trust remains the top performer by cumulative net inflows.
about Bitcoin ETF Outflows Continue as Ethereum Funds Show ResilienceSolana Shows Signs of Rebound Amid Market Decline and Historical Trends
Raoul Pal believes Solana (SOL) is oversold and poised for a significant rebound, with its Relative Strength Index at a historic low. Analysts predict a bullish trend, especially with March historically showing strong growth for SOL, which could recover from its recent 39.5% drop. The recent dismissal of Coinbase’s lawsuit by the SEC has improved market sentiment, while the potential for a Solana ETF could further enhance institutional interest and liquidity.
about Solana Shows Signs of Rebound Amid Market Decline and Historical TrendsImpact of Cryptocurrency on Global Economics and Regulatory Landscape
Tether’s substantial U.S. Treasury holdings could impact macroeconomic policies, while the 2024 U.S. presidential election may influence crypto regulations, with potential shifts depending on SEC leadership. Turtle Club aims to redefine liquidity monetization in Web3 by enabling users to earn from their on-chain activities, addressing inefficiencies in traditional models. Mark Yusko predicts Bitcoin could reach $250,000, driven by its value proposition and market cycles, despite concerns over market manipulation. Meanwhile, BlackRock’s iShares Bitcoin Trust faced record outflows amid a sector sell-off, highlighting growing investor caution.
about Impact of Cryptocurrency on Global Economics and Regulatory LandscapeMEXC Invests 20 Million in Ethena to Boost USDe Stablecoin Adoption
MEXC has invested $20 million in Ethena’s synthetic stablecoin, USDe, to boost its adoption and development within the stablecoin market. This investment is complemented by a $16 million strategic commitment from MEXC Ventures, which aims to enhance user engagement through zero-fee trading and attractive staking programs. Ethena also plans to launch iUSDe, targeting institutional investors, while a recent private ENA token sale raised $100 million to accelerate product innovation.
about MEXC Invests 20 Million in Ethena to Boost USDe Stablecoin AdoptionCrypto Market Faces Turmoil Amid Major Hacks and Sell-Offs
Crypto markets faced turmoil as a significant hack attributed to North Korea’s Lazarus group resulted in a $1.4 billion breach of Bybit, prompting the exchange to restore its ETH reserves through loans and buybacks. In response to the hack, Bybit is offering a 10% reward for returned funds, while security measures are being enhanced. Meanwhile, SOLBTC plummeted to its lowest since December 2023, as Franklin Templeton filed for a SOL ETF and Binance sold large SOL blocks.
about Crypto Market Faces Turmoil Amid Major Hacks and Sell-OffsUS Bitcoin ETFs Experience Record Outflows Amid Price Decline Below 90000
The U.S. spot Bitcoin ETF market experienced its largest single-day outflow of nearly $938 million, coinciding with Bitcoin’s drop below $87,000. Fidelity’s FBTC led the outflows with $344.7 million, followed by BlackRock’s IBIT and Bitwise’s BITB. February has proven to be the worst month for Bitcoin ETFs since their inception, with over $3 billion exiting the funds amid declining institutional demand.
about US Bitcoin ETFs Experience Record Outflows Amid Price Decline Below 90000Bitcoin ETFs Experience Record Outflows Amid Market Sell-Off and Inflation Fears
Bitcoin ETFs experienced record net outflows of $935 million amid a market sell-off driven by macroeconomic concerns, including tariff threats and inflation fears. This withdrawal marks the largest in history, surpassing the previous record of $672 million, as investors retreat from risk assets. Bitcoin’s price has fallen to around $88,000, down 7% over the past week, contributing to a broader decline in the crypto market.
about Bitcoin ETFs Experience Record Outflows Amid Market Sell-Off and Inflation FearsOndo Finance Launches Blockchain to Connect Traditional and Decentralized Finance
Ondo Finance has launched its Layer-1 blockchain, Ondo Chain, aimed at tokenizing Real World Assets (RWAs) and bridging traditional finance with decentralized systems. Backed by major financial institutions like Franklin Templeton and WisdomTree, the initiative seeks to attract institutional interest by allowing validators to stake RWAs instead of volatile assets. The recent endorsement from Donald Trump Jr. has further heightened market attention on the ONDO token, which has shown significant price fluctuations and potential for future growth amidst a competitive landscape.
about Ondo Finance Launches Blockchain to Connect Traditional and Decentralized Finance