The past week has been eventful for Solana , marked by market shifts, impressive DApp performance, and new developments in NFTs and gaming. Here’s a breakdown of the key highlights: Market Overview $SOL experienced a 12.73% dip, closing the week at $190.75 with a market cap of $91.46 billion. Total Value Locked (TVL) declined slightly to $8.239 billion, but decentralized exchange (DEX) volume rose 5.76%, reaching $30.486 billion. Impressively, Solana outpaced Ethereum in DEX activity for the third consecutive month, signaling its growing dominance in this sector. DApps Shine Bright November proved to be a record-breaking month for decentralized applications (DApps) on Solana, generating $365 million in revenue. Meme coin platforms contributed significantly to this momentum, pulling in $509 million throughout 2024. Notably, Pump.fun surpassed $100 million in monthly revenue, underscoring the ecosystem’s diverse opportunities. Institutional Flows and DeFi Trends While Solana faced $8.7 million in institutional outflows, Bitcoin saw a massive $375 million inflow, reflecting shifting investor sentiment. Despite this, Solana’s DeFi TVL drop (-12.73%) was less pronounced than Ethereum (-14.76%) and Tron (-12.28%), highlighting its resilience in challenging market conditions. NFTs and Gaming Solana maintained its stronghold in the NFT space, capturing 35% of weekly users and surpassing Ethereum in user engagement. On the gaming front, Sonic launched an innovative TikTok integration, blending blockchain technology with social media for greater reach and adoption. Week in Solana: Solana Numbers the Last 7 Days! $SOL drops 12.73%! November DApp revenue hits $365M! Injective partnership for AI agents! Let`s unpack this week in Solana 1/6 pic.twitter.com/HGkdpSjpF4 — CoinMarketCap (@CoinMarketCap) January 1, 2025 With consistent growth across multiple sectors, Solana continues to solidify its position as a leading blockchain platform, attracting attention from developers, investors, and users alike. As 2025 approaches, Solana’s ecosystem remains a key player to watch. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: jussang/ 123RF // Image Effects by Colorcinch
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Pepe the Boss (PEPEBOSS) Solana Memecoin Will Explode Over 19,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag
Pepe the Boss could turn early investors into multi-millionaires, like Shiba Inu (SHIB) and Dogecoin (DOGE) did. Pepe the Boss (PEPEBOSS), a new Solana memecoin that was launched today, is set to explode over 19,000% in price in the coming days. This is because PEPEBOSS is set to soon be listed on numerous crypto exchanges, according to reports. This will give the Solana memecoin exposure to millions of additional investors, who will pour funds into the coin and drive its price up. Currently, Pepe the Boss can only be purchased via Solana decentralized exchanges, like Jup.ag and Raydium.io, and early investors stand to make huge returns in the coming days. Early investors in SHIB and DOGE made astronomical returns, and Pepe the Boss could become the next viral memecoin. Pepe the Boss launched with over $8,500 of liquidity, giving it a unique advantage over the majority of other new memecoins, and early investors could make huge gains. How to Buy To buy Pepe the Boss on Raydium.io or Jup.ag ahead of the CEX listings, users need to connect their Solflare, MetaMask or Phantom wallet, and swap Solana for Pepe the Boss by entering its contract address – 5pgsjH712NZ6eaKunsEfZarG9UotHaxvheW5E39a8NFX – in the receiving field. If you don’t have one of these wallets already, you can create a new wallet in a few minutes and transfer some Solana to it (which will then be used to buy the memecoin), from an exchange like Coinbase, Binance and many others. In fact, early investors could make returns similar to those who invested in Shiba Inu (SHIB) and Dogecoin (DOGE) before these memecoins went viral and exploded in price. If this happens, a new wave of memecoin millionaires could be created in a matter of weeks – or potentially even sooner. The Solana memecoin craze continues amid larger memecoins, like Shiba Inu (SHIB), Dogecoin (DOGE) and DogWifHat (WIF) trading sideways in recent weeks and losing momentum. This is why many SHIB, DOGE and WIF investors are instead investing in new Solana memecoins, like PEPEBOSS. Such memecoins have no utility and no inherent value, but investors looking for high gains have been investing in them due to their potential to rapidly rise in price. NullTx
CertiK Report Reveals December Crypto Losses Dropped to 2024’s Lowest at $28.6M
There has been a significant reduction in losses from exploits, hacks, and scams in December compared to previous months. The latest report by blockchain security company CertiK recorded a total of approximately $28.6 million in losses – the lowest monthly figure in 2024. December Crypto Losses Are 2024’s Lowest Exploits dominated the financial impact, accounting for $26.7 million, while flash loan attacks and exit scams contributed $1.7 million and $200,000, respectively. Among the flash loan attacks, the most notable incidents included CloberDex, which suffered $501,279 in losses, followed by Clipper DEX with $450,811 and MoonMaker with $319,320. The largest single exploit in December targeted Gempad, with damages totaling a staggering $2.14 million. Other significant exploits included FBD, which lost $1.07 million, and Vesta DAO, $401,428. CertiK’s infographic revealed that December marks a sharp decline in overall losses, a stark contrast to peak months earlier in the year, where losses reached tens of millions monthly. The report also highlighted the growing threat of phishing, with the top victim (address 0x751e) losing $7.87 million, making it one of the costliest phishing incidents of the year. Other phishing incidents ranged between $1.4 million and $2.8 million in individual losses. Phishing Scams Persists Earlier last month, a cryptocurrency user revealed they lost $300,000 in a phishing scam after clicking a malicious KakaoTalk meeting link shared via direct message on X. The link, which was suspected of installing malware, compromised multiple wallets, including Ethereum and Solana addresses. The attacker allegedly transferred the funds to a wallet tied to the BingX exchange. More recently, Animoca Brands’ co-founder Yat Siu’s X account was hacked despite two-factor authentication (2FA). The attackers resorted to promoting a fraudulent token named “MOCA.” The phishing scheme, tied to Pump.fun, targeted over 15 crypto-focused accounts, stealing nearly $500,000. Blockchain security firm SlowMist also uncovered a phishing campaign using fake Zoom meeting links to steal cryptocurrency. The scheme mimicked Zoom’s interface, which prompted many victims to download malware disguised as a meeting installation package. The malware then harvested sensitive data, including cryptocurrency wallet details, leading to losses of more than $1 million. Hackers who were found to be potentially linked to Russian-speaking operatives reportedly laundered stolen funds across exchanges like Binance and Gate.io. The post CertiK Report Reveals December Crypto Losses Dropped to 2024’s Lowest at $28.6M appeared first on CryptoPotato . NullTx