FalconX, Interstice Connect Canton to Ethereum, Solana and Robinhood Chain
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0xSun: I've already buy the dips in ANSEM and NEST, and I believe Solana will remain the engine of this round of on-chain price increases.
According to Odaily Odaily, trader 0xSun stated that he has purchased ANSEM and NEST at market values of approximately $280 million and $6 million respectively, in order to participate in the current on-chain market volatility. He believes that the on-chain market performance driven by blknoiz06 was active in this round, with strong Meme coins appearing in Solana, BNB Chain, and Robinhood Chain. However, the overall rotation was extremely fast. Except for ANSEM, which continued to rise for more than a week, most of the other leading chains peaked overnight. 0xSun stated that ANSEM has already corrected by over 40% from its peak, and given Ansem's continued activity and the fact that approximately 60% of its tokens remain uncirculated, a rebound is highly probable. NEST, on the other hand, is a riskier and more volatile asset, with its short-term price movement still primarily driven by market sentiment. They also believe that for investors with smaller capital, the crypto market remains a more suitable market for high-risk, high-reward plays.
Solana rose to the top spot in public blockchain activity over the past 7 days, with the number of active addresses surging 55% to 29.844 million.
According to Mars Finance, on July 4th, based on Nansen data, driven by active trading of the Meme coin (ANSEM), Solana rose to the top of the public chain in terms of activity over the past 7 days, with approximately 29.844 million active addresses, far exceeding other public chains. TRON (8.74 million), BNB Chain (8.09 million), Bitcoin (2.73 million), and Ethereum (2.46 million) followed. Solana's active addresses surged by 55% in the past week, with 680 million transactions generating $3.66 million in fees, a 62% year-on-year increase. The public chain's 7-day revenue was $407,000, an 18% year-on-year increase. Solana's total TVL is currently reported at $25 billion, a 5.9% increase over the past 7 days.
Maple Finance launched syrupUSDG and listed it on Robinhood Chain.
According to Foresight News , on-chain lending protocol Maple Finance has announced the launch of a new product, syrupUSDG, on the Robinhood Chain. Risk management firm Steakhouse Financial has approved syrupUSDG as collateral for the Robinhood Earn vault (Robinhood's first decentralized lending product within the Robinhood app). This collaboration involves Morpho providing the vault infrastructure, Paxos handling the compliant issuance of USDG, and Robinhood providing the distribution channels to millions of users. syrupUSDG is currently available on Ethereum and the Robinhood Chain, with more chains to be supported in the future. Robinhood will roll out the service to its customers in phases over the next few weeks.
Robinhood Chain nears $1B TVL as Uniswap drives liquidity: Standard Chartered
Standard Chartered said Robinhood’s Uniswap integration could solve a key challenge for new blockchains while accelerating UNI token burns.
Circle minted an additional 250 million USDC on the Solana chain, bringing its total minting this year to approximately 66.76 billion.
PANews reported on July 8th that, according to Onchain Lens, stablecoin issuer Circle has just minted an additional $250 million worth of USDC on the Solana blockchain. Data shows that Circle has minted approximately $66.76 billion worth of USDC on Solana so far this year.
Robinhood Chain's stablecoin size grew by 155% in 7 days, accounting for over 90% of the chain's total value (TVS).
According to BlockBeats, on July 8th, the Robinhood Chain stablecoin's assets under management grew by 155% over the past 7 days, reaching $246.97 million. Currently, stablecoins account for 93% of the chain's total value secured (TVS) of $266.35 million, while the network's total locked value increased by 172% during the same period. Data shows that of the $266.35 million in assets on the Robinhood Chain, approximately $212.5 million is natively issued assets, while another $53.85 million was transferred in via cross-chain bridges over the past week.