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🚨#Memecoins Dominate #Solana DEX Activity January 2025: 🔹Memecoins made up 44% of all DEX volume. 🔹If excluding $SOL , stablecoins, and staking tokens: 99% of trading activity was memecoin-related. April 2025: 🔹Memecoins dropped slightly to 35% of DEX volume. 🔹Adjusted trading activity (excluding major assets): 95% memecoins. Implications 🔹Memecoins are central to Solana's onchain revenue, likely via trading fees and MEV. 🔹Solana’s high-throughput architecture enables it to handle this speculative demand better than most L1s. 🔹Sustainability remains a concern, but Solana’s infrastructure is positioning it as the go-to chain for future high-volume trading apps, possibly beyond memecoins. $SOL 🤣going to dad!
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🚨Tron #Nears Ethereum in USDT Circulation 🔹Tether minted $1B USDT on Tron, bringing Tron’s total USDT to $71.4B. 🔹Ethereum still leads slightly with $72.8B USDT, but Tron is closing the $1.4B gap. 🔹Tron previously led in USDT supply from July 2022 to Nov 2024, before a massive mint on Ethereum flipped the lead. $ETH $TRX
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🚨#BNBChain Launches Model Context Protocol (MCP) to Bridge AI & Web3 🔹BNB Chain's new MCP is an open protocol enabling secure, two-way communication between AI agents and blockchain/tool ecosystems. 🔹Part of its 'AI First' strategy, MCP aims to standardize integration—removing the need for custom-built interfaces. #Benefits include: Data privacy & encryption On-chain auditability Model protection Support for AML/KYC compliance 🔹Launch complements $BNB broader initiatives like BNB AI Hackathons, AI Fast Track, and the MVB program for mature projects. 🔹This positions BNB Chain as a key player in merging AI functionalities with decentralized infrastructure.
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🚨🇺🇸#FLORIDA SCRAPS BITCOIN #RESERVE BILL — MORE STATES EXIT CRYPTO LEGISLATION RACE 🔹Florida’s HB 487 & SB 550 to invest up to 10% of state funds in Bitcoin were indefinitely postponed. 🔹Decision followed legislature adjournment on May 2 without progressing the bills. 🔹Florida now joins Wyoming, North/South Dakota, Pennsylvania, Montana, and Oklahoma in shelving similar crypto reserve proposals. #Arizona remains active, with: 🔹HB 2749: Proposes using unclaimed funds’ profits for budget-neutral BTC reserves. 🔹SB 1373: Authorizes 10% of state funds for digital assets. $BTC
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