DeFi)

#Hyperliquid Launches Local Staking Service on Mainnet
According to data from #ASXN, $344 million worth of#HYPEtokens have been staked, representing a total value of over $9 billion as of December 30.

Decentralized finance protocol (#Hyperliquid) has launched a native staking process on its mainnet, allowing holders to receive rewards for securing the network.

According to an announcement made on December 30, users can choose validators to stake tokens based on various metrics, such as uptime, commission, reputation, and community contributions. The feature debuted with 16 validators.

The Hyperliquid protocol provides decentralized trading for crypto assets. According to #DefiLlama, it raised over $12 billion in trading volume in December, generating over $8.6 million in cumulative revenue.

When staking, users lock up tokens to support network operations, such as validating transactions and securing the blockchain. In return, participants earn rewards, usually in the form of additional tokens.

According to data compiled by #ASXN, $344 million worth of HYPE tokens have been staked.

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#OpenfabricAI and $OFN are indeed revolutionizing the decentralized finance (#DeFi) landscape. With their seamless integration of AI and blockchain, they’re providing forward-thinking solutions that boost liquidity, scalability, and profitability for investors. As #OFN continues to gain traction, it stands out as a promising asset with immense growth potential in the ever-expanding crypto market. The innovations from #OpenfabricAI and $OFN are setting new benchmarks for the future of digital finance, positioning them as influential forces in shaping the next phase of the blockchain ecosystem.

Solana Price Prediction: What’s Next for $SOL in 2024?

As the cryptocurrency market continues its rollercoaster journey,Solana $SOL remains a hot topic among investors and blockchain enthusiasts. Known for its high-speed transactions and low fees, Solana has carved out a significant niche in the decentralized finance (#DeFi) and #NFT​ space.

Short-Term Outlook

Experts predict SOL's price may experience steady growth as adoption increases, particularly with Solana's ongoing improvements in scalability and partnerships. Analysts are keeping a close eye on resistance levels around $30–$40 in the coming months.

Long-Term Potential

Looking beyond 2024, Solana’s price could surge if it continues to address network congestion and security concerns. Some bullish projections suggest SOL might challenge the $100 mark by late 2025 if the crypto market enters another strong bull run.

Key Factors to Watch

1. Market Sentiment: Changes in $BTC price often influence SOL’s trajectory.

2. Ecosystem Growth: The launch of new projects and dApps on Solana could drive demand.

3. Regulatory Environment: #Global crypto regulations could impact investor confidence.

While predictions are promising, remember that cryptocurrency investments carry risks. Always do your research and consult a financial advisor.

What are your thoughts on #SolanaFuture ? Let us know in the comments!