dexvolume

Record-breaking trading volume on Solana is pumping $JUP . This massive dex utility keeps $JUP trending. $JUP is absolutely cooking! 👀
#JUP #SolanaEcosystem #DEXVolume # #CryptoVibes

Been digging into Solana's DEX activity and it's shifted noticeably from last year.

Memecoins used to account for more than half the overall volume on the network, but now they're sitting at just around 7 percent. At the same time stablecoin-related swaps have taken over, making up nearly 80 percent combined.

Feels like a much more mature flow on $SOL these days. Interesting contrast to how things looked twelve months back. $ETH $BTC

#Solana #DEXVolume #OnChain #Stablecoins #CryptoAnalytics

According to Plisio, to achieve the target of $1 for Shiba Inu, the community would need to burn an estimated 99.83% of $SHIB , which would reduce the circulating supply to 1 trillion tokens.

Additionally, previous burns have seen significant increases in burn rates, such as a 7,687,000% increase in 24 hours, which resulted in the burning of approximately 8.35 billion $SHIB
of the total supply.

What does this mean?

1. Scarcity is key: Reducing the supply makes each unit of the coin more valuable.

2. Attracting investors: Limited supply attracts investors looking for promising opportunities.

3. From meme coin to major player: $SHIB is turning from a meme coin into a serious project with long-term growth potential.

Why is the burn happening?

1. Combating inflation: Reducing the supply helps stabilize the value of the coin.

2. Build Value: Low supply and high demand drive up the price.

3. Build Trust: This step shows the team's commitment to long-term success and building a strong foundation for the project.

#ShibaInuUpdate #DEXVolume #BurningTokens