Beautiful morning!❤️
- 0 replies
- 0 recasts
- 0 reactions
Polymarket emerged as the most visited decentralized application in January In January, Polymarket became the leading decentralized app, attracting 38.4 million visits and ranking second overall with 40.9 million total. The platform’s total trading volume has surpassed $50 billion, while open interest is nearing $411 million. High transaction activity in USDC also led to a strategic partnership with Circle. Prediction markets on the platform now process over $6 billion in weekly trading volume - a surge of more than 1,000% compared to the Biden-era levels - following a $2 billion investment from major backers.
- 0 replies
- 0 recasts
- 0 reactions
Companies holding treasury reserves in Solana have been hit with steep losses of up to 40% amid the recent crypto sell-off. Firms such as Forward Industries and DeFi Development Corp, which keep significant portions of their treasury in SOL, saw declines ranging from 42% to 68% over the past month as Solana’s token dropped roughly 40%. Forward Industries, for instance, holds 6.9 million SOL purchased at around $232 per token. The position’s value has plunged from about $1.6 billion to under $540 million. The downturn mirrors the broader weakness across the crypto market - Bitcoin has slipped below $65,000, and analysts warn that the bearish trend could persist for some time.
- 0 replies
- 0 recasts
- 0 reactions