Post a most theatrical rally in the price of SOL-oh, the drama!-one observes a veritable avalanche of on-chain engagements, as revenue swells like a peacook’s plume in the autumn sun. Specifically, the Solana blockchain doth reel in inflows of such magnitude, one might suspect the gods of finance themselves are plucking at its strings, causing revenue to ascend with the rapidity of Icarus toward the celestial ledgers.
Solana saw a brief increase in price on Friday, but it only rose by about 3% before hitting a selling point around $240. Since the Federal Reserve hinted at potential interest rate cuts on September 18th, the amount of SOL staked on the network has decreased from 411.28 million to 407.9 million.
The setup? A bull market with the confidence of a magician who can pull a miracle out of a hat-provided the hat doesn’t fall apart. The line in the sand is $4,700, held with the gusto of a sacred relic. If it slips, the show might stumble; if it holds, boy, oh boy, strap in.
This alliance aims to supercharge Plasma’s ecosystem-an ecosystem growing faster than Nanny Ogg’s rhubarb wine stash after a village party. Just last week, the project announced a glamorous partnership with Aave, key launch partner and proud stablecoin aficionado. And what does the magic numbers say from the mystical on-chain realm of plasmascan.to? A whopping $6.5 billion in stablecoin and stablecoin-ish assets, practically fresh out of the launch oven.
OnePay, a fintech under the benevolent shadow of Walmart, contemplates letting users trade and hoard cryptocurrencies via its mobile apparatus. Later this year, OnePay users will be able to buy, sell, and hold Bitcoin and Ethereum, with the discreet assistance of Zerohash. A neat scheme, wrapped in a friendly interface. 💼💳
Oh, what a delightful twist! Walmart’s fintech platform, OnePay, is now dishing out cryptocurrency trading and custody features like a well-timed punchline. 🤡 Bitcoin and Ethereum will soon be as commonplace in your cart as kale and toilet paper. Users can trade crypto, pay for purchases, or even settle credit card debt-because nothing says “financial freedom” like using digital gold to buy groceries. 🧾 Powered by a partnership with Zerohash, a crypto infrastructure startup that sounds like a 1970s tech firm, this move aims to make crypto “accessible” to the masses. 🧙♂️ One can only hope the average consumer isn’t left as confused as a penguin in a sauna. 🐧
On-chain data reveals that a few low-cap Perp DEX altcoins are experiencing strong accumulation… or maybe it’s just the blockchain whispering secrets to the whales. 🧙♂️
XRP, too, is green, a ten percent ascent since last Friday, and with that ascent comes a chorus of predictions from the XRP Army. They march with the bravado of saints and the swagger of gamblers, a procession that cannot help but be ridiculous and haunting at once. 😂
But hey, no need to panic! Developers reassured us all it was just a “migration event” and not some sneaky rug pull. Because, of course, we trust *that* one. 🙄 But in the midst of the chaos, almost 97% of M0N3Y holders swapped their tokens at a 1:1 ratio using the oh-so-reliable MigrateFun decentralized app. So, that’s a win, right? 🙄
“Reminder that Peter Thiel is, to put it mildly, not a cypherpunk.”
