tl;dr
Solana (SOL) transaction fees have decreased to a multi-month low after peaking at $5 million in March, attributed to the declining popularity of meme coins on the blockchain. The TVL of leading projects on the SOL blockchain has also seen significant decreases. The drop in transaction fees indicate...
Solana (SOL) transaction fees have dropped to a multi-month low after peaking at $5 million in March, attributed to the declining popularity of meme coins on the blockchain. The TVL of leading projects on the SOL blockchain has also seen significant decreases.
The drop in transaction fees indicates a slowdown in network activity, with meme coin platform pump.fun losing steam. The top Solana ecosystem tokens include Tether USD (USDT), Solana (SOL), Circle USD (USDC), Chainlink (LINK), and Render (RENDER), while the top meme coins on Solana are WIF, BONK, POPCAT, BOME, and MEW.
The announcement of SunPump by Tron founder Justin Sun has shifted buzz from Solana's meme coin scene to the Tron ecosystem, gaining over 10,000 users and significant revenue. Despite the decline in meme coin dominance and lower transaction fees, Solana's price has risen 693.46% since August 2023, but is down 13.96% in the past month. TRX is up 22.27% this month and has risen 116.53% since August 2023.
The TVL of leading platforms on the Solana blockchain, including Raydium and BonkSwap, has been trending downwards, with drops of nearly 20% and more than 23%, respectively, in the past 30 days according to DefiLlama data.
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Rush Street Interactive Inc., headquartered in Chicago, Illinois, operates as an online casino and sports betting company in the United States and Latin America. The company falls under the category of Services-Miscellaneous Amusement & Recreation within the trade and services sector. As of the latest data, the company's market capitalization stands at 2113047000 with a P/E ratio of -0.09 and EPS of -0.0084. The company's shares outstanding amount to 801545000 with a current price of 10.78. Additionally, the stock has a 52-week high of 13.03 and a 52-week low of 0.888.
More about Emeren Group Ltd
Emeren Group Ltd
Sector: Manufacturing
Industry: Semiconductors & Related Devices
Market Cap: 100,972,000
Dividend Yield: None
P/E Ratio: None
EPS: -0.31
EBITDA: 1.915
P/S: -0.163
Volume: 103,577,000
52-Week High: 4.38
52-Week Low: -0.924
200-Day Moving Average: -0.112
ReneSola Ltd Sector: Manufacturing
Industry: Semiconductors & Related Devices
Market Cap: 100,972,000
Dividend Yield: None
P/E Ratio: None
EPS: -0.31
EBITDA: 1.915
P/S: -0.163
Volume: 103,577,000
52-Week High: 4.38
52-Week Low: -0.924
200-Day Moving Average: -0.112
More about Interlink Electronics Inc
Interlink Electronics Inc Summary
Interlink Electronics, Inc. designs, develops, manufactures, and sells force sensing technologies that incorporate proprietary material technology, firmware, and software into standard sensor-based products and custom sensor system solutions. The company is headquartered in Irvine, California.
Industry: TECHNOLOGY
Sector: COMPUTER PERIPHERAL EQUIPMENT
Symbol: NEC
Market Cap: 40443300
Dividend Yield: None
EPS: -0.21
P/E Ratio: 1.282
ROE: -0.128
Volume: 12635000
50-Day Moving Avg: 7
200-Day Moving Avg: 21.01
RSI: -0.284