Solana in four charts:
1. Solana apps generated $68M in revenue in May, up 16% MoM.
2. Collectible marketplace & gacha @collectorcrypt reached $9M in monthly revenue (an ATH).
3. Tokenized asset volumes hit a new ATH in May at over $1.1B, with the majority coming from tokenized equities.
4. Stablecoin supply rose 2% MoM in May. @Ethena's USDe grew to over $500M in supply after launching mid-May.
@w1danik_ HYPE has like 60k daily users and it's run is powered by hype and whales with liquidity. It's price action is unsustainable and these whales will dump
@davidLxioncap I don’t fully agree. Crypto is definitely driven by speculation, but some projects actually have stronger fundamentals than others. Users, revenue, growth, devs, etc all matter. Speculation is what sends prices high, but not every project has the same foundation underneath it.
Imagine thinking HYPE isn't a pump and dump😂
HYPE price action is driven more by speculation, buybacks, and low float momentum than actual adoption. A perp trading narrative can only carry a valuation so far when the ecosystem and user base are still relatively small.
@davidLxioncap There’s a difference between healthy speculation on future adoption and a valuation being almost entirely dependent on perpetual hype, buybacks, and low float momentum. Every crypto has speculation. Not every crypto is priced like it already conquered the industry with 60k users.
@daki3crypto The small whales in HYPE are making it look like a solid option so they can dump on all of these dumbasses believing it's actual adoption 😂
@huntshumba@DegenerateNews Shut your stupid ass up. Solana is faster and cheaper than anything you own right now and has more users than anything you have