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Home > News > Editor Choice
Published: 17/03/2024
-
Author: Raymond
MEME Zone Hot Crypto Giveaway With BingX
LuckyX weekend benefits: MEME zone hot coins are released, trade 2000U is sent!
Meme Zone Hot Crypto Giveaway With Bingx
Screenshot_18
Link event here
Notes & Terms
Event Period: 2024-03-15 00:00 to 2024-03-18 23:59 (UTC+8)
First Futures Trade Task: Earn lucky draw entries by achieving the specified first Futures trading volume (Standard Futures or Perpetual Futures) during the event.
Cumulative Futures Trade Task: Earn lucky draw entries by achieving the specified cumulative Futures trading volume (Standard Futures or Perpetual Futures) during the event. The more you trade, the more entries you’ll get.
Cumulative Deposit Task: Deposit refers to the cumulative net deposit and does not include internal transfers or Crypto Gifts. Earn lucky draw entries when your cumulative net deposit reaches the specified amount and remains unchanged for the next 48 hours. The more you deposit, the more entries you’ll get.
Token Rewards: Token rewards will be issued in the form of Token Vouchers within 5 workdays after the event, with a validity period of 5 days.
All Bonus vouchers received from the event have a leverage of 2x and a validity period of 7 days.
All Trial Fund vouchers have an Offset Ratio of 50% and a validity period of 7 days.
Grid Trading Subsidy Voucher: All Grid Trading Subsidy Vouchers are for Futures Grid and have a validity period of 10 days.
Any users involved in unfair activities, such as participating with multiple accounts, self-dealings or wash trading, will be disqualified.
Users are prohibited to use Trial Funds and Bonuses for wash trading. If found, any obtained rewards will be deducted.
BingX reserves the right to the final interpretation for this event.
Rewards are only issued once. For each BingX account, trading volume is counted once for the reward throughout the event period. BingX will issue the highest tier of reward from each event type to users.
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#BingX
#MEME Token
#memecoin
2.3/5
(3 votes)
Avatar of Musa Muhammad Turaki
Musa Muhammad Turaki
17/03/2024 at 3:40 am
Good to be here
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Home > News
Published: 18/03/2024
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Author: Leexim
Solana DeFi TVL Skyrockets by 80% in One Month
Despite the overall market downturn, demand for SOL remained resilient, driving Solana's DeFi TVL to soar by more than 80% in the past month.
Azcnews (1)
The DefiLlama data reveals a remarkable surge of over 80% in the Total Value Locked (TVL) of Solana’s decentralized finance (DeFi) ecosystem over the past month. This impressive growth has propelled Solana’s DeFi TVL to its highest point in two years, currently standing at $3.8 billion. Among the top 5 DeFi networks by TVL, Solana ranks as the blockchain with the highest growth rate in the past month.
The surge in Solana’s TVL over the past month can be attributed to a significant increase in trading volume on Layer 1 (L1) DeFi protocols within the network. Since the beginning of the month, the total daily trading volume recorded on these protocols has surged by 125%. In fact, on March 15th, trading volume on Solana’s DeFi reached its highest level in years at $3.7 billion.
The network’s total fees reached $3.61 million on March 16th, marking the highest daily fee collection since its inception. Revenue generated from these fees amounted to $1.6 million, representing the network’s highest daily revenue.
Blockchains ranked by DeFi TVL
Source: DefiLlama
Related: Ethereum and Solana Follow Bitcoin’s Trend
SOL Challenges Market Trajectory
At the time of writing, SOL has traded hands at $187. According to CoinMarketCap data, the altcoin’s value has surged by 72% over the past month. While the rest of the market grapples with price reversals, SOL bucks the trend as optimism grows. Analysis of its daily chart movement indicates a stable increase in demand for SOL.
Solana DeFi
Source: DefiLlama
For instance, the On-Balance Volume (OBV), which tracks buying and selling pressure of the coin, is showing an upward trend at press time. At 591.42 million at the time of reporting, SOL’s OBV has surged by 16% since the beginning of March. When a coin’s OBV witnesses such growth, it indicates increasing buying momentum.
SOL/USDT 1-Day Chart
Source: TradingView
The rising trend in SOL’s Chaikin Money Flow (CMF) further confirms this growth. This indicator measures the flow of money into and out of an asset. Currently standing at 0.27, up from 0, SOL’s CMF indicates a growing influx of liquidity into the market.
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Avatar of Lucien Razafindrafeno
Lucien Razafindrafeno
18/03/2024 at 4:24 am
Thanks for your support ofduty
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