Solana Transaction Volume Drops By Over $6 Billion, SHIB Burn Rate Soars, Rollblock Unveils Major Update
While Solana has experienced a short-term decline in trading volume, and Shiba Inu is amping up its token burn schedule, the promising Rollblock ($RBLK) presale continues to go from strength to strength as it showcases a...
Archive context
Older archive item. Useful for background and entity history, but not a fresh market-moving signal.
While Solana has experienced a short-term decline in trading volume, and Shiba Inu is amping up its token burn schedule, the promising Rollblock ($RBLK) presale continues to go from strength to strength as it showcases a brand new sports betting feature.
Solana ($SOL) Volume Falls Away As All-Time High ApproachesSolana is currently consolidating just under its all-time high at $245 after a reduction in the amount of Solana traded on exchanges was detected on-chain recently. Solana’s 24-hour trading volume declined by over $6 billion today as traders are perhaps wary of entering positions after Solana’s mammoth 54% monthly candle.
Solana has been attracting huge numbers of traders on decentralized exchanges recently, with its DEX volume hitting over $7 billion last month, surpassing Ethereum and all of its layer 2 chains combined. Solana should go on to reclaim 2021’s high of $253 in the coming days.
Shiba Inu ($SHIB) Burning Tokens At A Rapid RateShiba Inu is up 3.7% today to hit $0.0000254. In the past month alone, Shiba Inu has added a whopping 37% to its market cap and earned Shiba Inu a place just outside the crypto top 10.
Recently, Shiba Inu has been burning tokens like there is no tomorrow, with a stunning 114% rise in the burn rate destroying 14.7 million SHIB tokens. This rapid decrease in the overhanging supply should spell bullish times ahead for Shiba Inu as fewer coins will be hitting the market.
Rollblock ($RBLK) Sports Betting Just Around The Corner For Popular Community Presale GemWhile Solana and Shiba Inu are no doubt entering a hugely bullish period, their respective prospects cannot hold a candle to the hugely disruptive Rollblock ($RBLK) gaming platform, set to rattle the $450 billion online gaming sector this year.
Rollblock has an ace up its sleeve in the form of blockchain-backed betting. Now gamers have the tools to verify that everything is above board and as it should be on the platform’s 7000+ AI-powered casino classics.
The $RBLK token is destined for crypto stardom, combining a hard cap of a billion tokens with a declining supply thanks to regular buybacks and an aggressive token burn schedule that puts Shiba Inu to shame. Each week, a significant portion of Rollblock profits are used to buy up potentially millions of tokens, burning 60% of these and giving the rest to loyal stakers.
With a major sports betting update recently teased on the Rollblock Discord server, the future looks incredibly bright for this potential 100x GambleFi powerhouse. The bargain price point of $0.035 looks set for another hike in the coming weeks, making right now the very best time to find out more.Only 2 days remaining to take advantage of the 50% bonus, making now the best opportunity to acquire RLBK Tokens!
Discover the Exciting Opportunities of the Rollblock (RBLK) Presale Today!
Website: https://presale.rollblock.io/
Socials: https://linktr.ee/rollblockcasino
This is a sponsored article. Opinions expressed are solely those of the sponsor and readers should conduct their own due diligence before taking any action based on information presented in this article
Why this matters
This altcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.
Original source
Read on Brave New CoinRelated market context
OKX surpasses 30% daily volume in Solana DEX market, Jupiter drops below 50%
The shift in Solana DEX market shares highlights increasing competition and innovation, potentially reshaping the DeFi landscape a...
Solana treasury firm cuts shares 700-for-1 but leaves room for nearly 100 billion more
Solana treasury company SOLAI Limited (formerly BIT Mining) said shareholders approved a capital reset that leaves it with 100 bil...
This Solana treasury company may sell SOL as a DeFi loan ties up more than half its treasury
SOL Strategies may sell part of its Solana treasury to meet obligations, as much of its holdings remain pledged against debt. Acco...
Cash App Users Can Now Buy Ether, Solana, XRP and More Through MoonPay Checkout
MoonPay turned on Cash App Pay as a payment method on Tuesday, letting eligible U.S. customers spend their Cash App balance at Moo...
Clarity Act Uncertainty Keeps DeFi’s Bigger Market Bet on Hold
Bitcoin has fallen 21% this year, Ethereum is down 33%, and Solana has dropped 37%, according to Bitwise Chief Investment Officer...
Tokenized equities reach $9B in onchain trading volume this year, up 800% from January
The surge in tokenized equity trading highlights a shift towards decentralized, 24/7 markets, challenging traditional trading norm...