Solana

Galaxy Research has identified an interesting trend within the Solana blockchain. They observed a remarkable surge in daily bridged volume to Solana, which has skyrocketed by 335% over the past week.<img src="https://i0.wp.com/cryptosheadlines.com/wp-content/uploads/2024/01/Add-a-heading-3.png?fit&#61;900%2C300&amp;ssl&#61;1" />Cryptos Headlines Platform Has Launched Its Native Token, Early Public Sale Is Live On <a href="https://cryptosheadlinestoken.com/" rel="noopener noreferrer nofollow">CryptosHeadlinesToken.com</a>Galaxy Research notes a surge in bridge activity, coinciding with Solana’s significant token airdrop through Jupiter. This airdrop, one of Solana’s largest, distributed one <a href="https://cryptosheadlines.com/binance-destroys-2-65-billion-tokens-in-11th-bnb-burn/" rel="noopener noreferrer nofollow">billion tokens</a>, with a majority of the bridged funds originating from Ethereum.<h3 id="solana-s-jupiter-airdrop-and-future-plans">Solana’s Jupiter Airdrop and Future Plans</h3><blockquote>On Wednesday, Jupiter, the main DEX aggregator on the network, carried out the most extensive Solana-based airdrop ever seen. They distributed one <a href="https://cryptosheadlines.com/shiba-inu-burns-2-billion-tokens-in-july-eyes-0-0001-next/" rel="noopener noreferrer nofollow">billion tokens</a>, which equated to 10% of the total supply, to Jupiter users who had joined before November 2, 2023. This massive airdrop served as a significant stress test for the Solana network, as there were concerns about whether it could manage such a substantial <a href="https://cryptosheadlines.com/unusual-transaction-volume-surge-for-5-altcoins-on-korean-exchanges/" rel="noopener noreferrer nofollow">volume of transactions</a>.</blockquote>The <a href="https://cryptosheadlines.com/jupiter-airdrop-yields-traders-over-1-million-profit-whats-next-for-jup/" rel="noopener noreferrer nofollow">Jupiter airdrop</a> will continue in three additional phases over the next year, with 40% of the supply earmarked for distribution, and 10% allocated for community contributors and grants. The remaining 50% will be assigned to <a href="https://cryptosheadlines.com/solana-dex-jupiter-teams-up-with-mercuryo-as-jup-price-approaches-0-60/" rel="noopener noreferrer nofollow">Jupiter team</a> members, strategic reserves, and liquidity provisions, with varying lockups and vesting schedules.<a href="https://cryptosheadlines.com/exciting-xrp-price-predictions/" rel="noopener noreferrer nofollow">Also Read: Exciting XRP Price Predictions</a>This airdrop marks a significant milestone in Solana’s recent resurgence and serves as an indicator of the network’s advancement.Solana plans to enhance its scheduler with version 1.18, aiming to reduce “scheduling jitter” and discourage network spam during contested states. As of the <a href="https://cryptosheadlines.com/weekly-crypto-reports-latest-updates-on-the-world-of-cryptocurrency-exchanges/" rel="noopener noreferrer nofollow">latest update</a>, the SOL price experienced a 3.04% decrease in the previous 24 hours, settling at $99.15.<h3 id="monthly-token-unlocks-and-future-unlock-events">Monthly Token Unlocks and Future Unlock Events</h3>According to The <a href="https://twitter.com/TheTieIO/status/1753524020559921337" rel="noopener noreferrer nofollow">TIE</a>, monthly token unlocks associated with Alameda are scheduled for Feb. 7 and 11. These unlocks, representing about 2% of Solana’s average trading volume, will continue until September 2027 and January 2028, respectively. A significant unlock of 7.5 million SOL is slated for March 1, 2025.Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

Solana (SOL) Surges 335% in Bridge Activity Spike

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