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Solanas SOL token has surged about 340% to $41 in 2023, outdoing the 114% rally in market bellwether Bitcoin and becoming the best performing token among the largest cryptocurrencies tracked by Bloomberg. That follows a 94% drop last year as Bankman-Frieds FTX and Alameda Research — two major backers of the project - collapsed into bankruptcy.
Ascending to 61% of all transactions, Ethereum’s Layer-2 networks were home to a majority share of activity in the third quarter, according to Messari’s…
The sector is liquid staking, which offers easier access to the rewards earned when tokens are pledged to help operate blockchains.
One corner of crypto has shaken off a prolonged digital-asset slump to come within touching distance of an all-time high.
Ethereum’s Shanghai upgrade spurred deposit inflows to liquid staking protocols, including to the largest player Lido.