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In 2024, Solana cemented its position as the leading blockchain for Memecoin trading, generating over $3 billion in fees. Meanwhile, decentralized exchanges like Raydium saw the action and emerged to become major beneficiaries, raking up a total of $1.7 billion, of which Raydium contributed 80%. Trading BOTs, led by Photon, reached $750 million, while the […]
US President-elect Donald Trumps Solana-based memecoin, TRUMP, sparks a trading frenzy fueled by high-profile trades and notable whale activity.
Solana-based decentralized futures exchange Cypher Protocol halted its smart contract after an estimated $1 million exploit. On Aug. 7, Cypher alerted its 13,500 followers on X (formerly known as Twitter) that it had experienced a security incident and had therefore frozen its smart contract. The team added it is investigating the cause of the exploit [...]
The post Cypher Protocol freezes smart contract after an estimated $1M exploit appeared first on Crypto Breaking News.
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