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PDAXScope: Solana hits transaction ATH thanks to PENGU

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PDAX

December 20, 2024

3 min read

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Solana Smashes Record With 66.9M Daily Transactions as Pengu Token Debuts (CoinDesk)

CoinDesk declared that the Solana network's daily transactions shot to an all-time high of 66.9 million on December 17, thanks primarily to the launch of PENGU, the Pudgy Penguins NFT project's native token. On that day, the network's transaction count reportedly "eclipsed the total of all other major chains combined."

Bitcoin, XRP and Dogecoin Fall Fast After Federal Reserve Cuts Rates (Decrypt)

Decrypt noted that several prominent tokens, including BTC, ETH, XRP, and DOGE, fell in value shortly after US Federal Reserve Chair Jerome Powell's announcement regarding the Fed's slower rate cut frequency in 2025. Even as a 25-point cut on December 18 preceded the news, market sentiments were notably diminished.

Bloomberg Analysts Forecast Launch of Multiple Cryptocurrency ETFs in 2025, Including Bitcoin, Ethereum, Solana, XRP and Litecoin (Yahoo Finance)

Yahoo Finance echoed the sentiments of Bloomberg analysts Eric Balchunas and James Seyffart about the chances of "a significant surge in cryptocurrency exchange-traded funds (ETFs) in 2025, following anticipated changes to the U.S. Securities and Exchange Commission (SEC) leadership." They did note that regulatory concerns might delay their release, however

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