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Solana defied the crypto market doldrums and surged by more than 5% on Friday after the retail payment giants PayPal and Venmo rolled out support for SOL . PayPal announced on Friday that users of both payment platforms could now buy, sell, hold and transfer SOL and LINK , the native asset for the decentralized oracle platform Chainlink. LINK jumped by more than 1% on Friday and is trading at $13.00 at time of writing. Meanwhile, SOL rose from $117.15 to a high of $124 before closing the trading day at $122.78. By comparison, the overall crypto market cap dipped by nearly 1% in the past 24 hours and nearly 2% in the past week, per data from CoinGecko . Crypto prices have dropped as President Donald Trump’s new wave of tariffs rattles global markets. Trump signed an executive order on Wednesday that slapped a 10% baseline tariff on all imported goods entering the US, with the stated goal of protecting domestic manufacturing. He also issued a proclamation detailing “reciprocal tariffs” on dozens of specific countries effective April 9th, with rates totaling up to 54% on China. PayPal acquired Venmo’s parent company, Braintree, back in 2013 for $800 million. In addition to LINK and SOL, the payments firm also supports Bitcoin ( BTC ), Ethereum ( ETH ), Litecoin ( LTC ), Bitcoin Cash ( BCH ) and the stablecoin PayPal USD ( PYUSD ). Follow us on X , Facebook and Telegram Don`t Miss a Beat – Subscribe to get email alerts delivered directly to your inbox Check Price Action Surf The Daily Hodl Mix Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing. Generated Image: Midjourney The post Solana Jumps in Price After PayPal and Venmo Roll Out Support for SOL and Chainlink (LINK) appeared first on The Daily Hodl .
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BTC Slips to $78.6K in Major Sunday Drop
By 3 p.m. ET on April 6, 2025, bitcoin ( BTC) had dipped further to $78,639, deepening its retreat from recent peaks and indicating a market still gripped by caution. This added pullback builds on the morning’s downturn, hinting at dwindling momentum as Wall Street prepares to reopen Monday. While bitcoin’s trading volume has seen The Daily Hodl
AI and Social Dapps Lead Growth as Crypto Market Cools Post-Trump Election
In Q1 2025, the dapp industry maintained its strength despite a mild dip in activity. Although the crypto market had solid momentum leading up to Trump’s presidency, sentiment shifted quickly afterward and ended up triggering a decline in asset prices. Historically, such downturns reduce user engagement with decentralized applications. Still, daily unique active wallets (dUAW) only slipped by 3% from the previous quarter, falling to 24 million. According to Dapp Radar’s latest report , the user base has remained relatively stable. Within this space, AI and Social dapps emerged as top performers. The AI category was found to have experienced a 29% rise in activity as it 2.6 million dUAW. Social dapps also grew steadily, increasing by 10% to reach 2.8 million dUAW. DeFi Struggles But Solana Dominates Top Dapps DeFi was hit hardest in Q1 2025, which recorded a 15% drop that Dapp Radar attributed to reduced trading activity from the previous quarter. Despite the setback, it continues to lead among dapp sectors, even as its dominance slipped by nearly 4%. Blockchain gaming also declined slightly. Among the top dapps by user activity, Layer 1 network Solana remains dominant while powering three of the top five platforms. Pump.fun, for one, which allows token launches on Solana, saw an impressive 112% increase in usage this quarter. The spike highlighted the continued hype around meme coins despite broader volatility in the market. NFT Market Cools in Q1 The NFT market stumbled at the beginning of 2025, as Q1 trading volume fell to $1.5 billion. This is 24% drop from the previous quarter. While total sales only declined by 10%, this points to a reduction in high-value transactions rather than user engagement. Falling token prices, particularly Ethereum’s, may have driven this shift. Lower valuations hit overall volume harder than participation, which indicated continued interest in NFTs despite a challenging environment. While OKX ranked highest in NFT trading volume, OpenSea saw the most transactions, owing in part to its OS2 beta release on February 13. This upgrade brought a sleek new UI and support for 14 more blockchains. Blur kept pace in terms of volume but saw just 7% of OpenSea’s sales. Meanwhile, CryptoPunks remains a staple collection, though rising prices have placed it out of reach for many average users. The post AI and Social Dapps Lead Growth as Crypto Market Cools Post-Trump Election appeared first on CryptoPotato . The Daily Hodl
