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Solana
Crypto Trends

Solana’s Q3 Revenue Sharp Growth Puts It Ahead Of All Major Crypto Networks

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With major digital assets like Solana experiencing notable upside action once again, the broader cryptocurrency market appears to have flipped into a highly bullish state. Solana’s ongoing upward trend in price has coincided with a remarkable surge in the blockchain’s on-chain activity and adoption.

Q3 Blockchain Revenue Race Heats Up, And Solana Is Leading

Following a recent rally in the price of SOL, there has been a strong uptick in on-chain activity and engagement. Specifically, the Solana blockchain is experiencing substantial inflows, as revenue increases sharply.

The report from Solana’s official page on the social media platform X reveals that the blockchain is witnessing one of the fastest revenue growth rates in history. A surge in user activity, active DeFi participation, and a surge in demand for on-chain applications likely drive this sharp growth in revenue.

Furthermore, the development highlights the blockchain’s competitive advantage and durability in a dense market. While competitors have found it difficult to keep up, Solana’s effectiveness and scalability keep drawing in developers and funding, putting it at the vanguard of blockchain ecosystem expansion and profitability.

According to the data, Solana has cemented its position as a top-performing blockchain in the third quarter of this year in terms of overall revenue generated in the quarter. With over $222 million in revenue recorded in Q3, the blockchain has surpassed all major crypto networks in the sector.

SOL network revenue explodes | Source: Chart from Solana on X

It is worth noting that after dominating Q3 of 2025, Solana has now led all major crypto networks for 4 consecutive quarters as number 1. SOL’s persistent dominance in revenue for the past four quarters is obviously sending a strong message about SOL’s place in the future of decentralized finance and scalable blockchain infrastructure.

Over the last year, the platform highlighted that users on the SOL blockchain have paid the network more than $2.1 billion for blockspace. Interestingly, data shows that over 46% of the entire fees were paid in cryptocurrency.

SOL Blockchain Is Becoming The Hub For Stablecoins

The Solana blockchain’s adoption and interest are evidenced by the large number of stablecoin flows on the chain. In another X post from the official Solana page, stablecoin adoption on SOL is surging at an unprecedented pace when compared to other chains.

In terms of stablecoin inflows, the SOL blockchain is at the top, outpacing all layer 1 and layer 2 chains over a period of 24 hours. This development implies that SOL is becoming the go-to settlement layer for stablecoin transfers due to its lightning-fast transaction speeds and incredibly cheap costs, which encourage record inflows and on-chain activity.

With this dramatic increase in stablecoin inflows, SOL’s role in global crypto payments and Decentralized Finance (DeFi) is clearly growing. In addition, it solidifies the network’s standing as the leading hub for dollar-pegged assets in the dynamic blockchain market.

SOL trading at $231 on the 1D chart | Source: SOLUSDT on Tradingview.com

Featured image from Adobe Stock, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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Ethereum
GameFi Guides

Ethereum Sharp Exchange Outflows Sparks A Historic Supply Squeeze, Here’s What It Means

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In a sudden upside move, Ethereum has strongly reclaimed above the $4,300 price mark as bullish sentiment gradually returns to the crypto market. At the same time, a massive amount of ETH has been observed leaving centralized crypto exchanges, which has led to one of the most crucial moments for the leading altcoin in the ongoing bull market cycle.

Unprecedented Supply Shock For Ethereum Looms

With the price of Ethereum recovering sharply once again, the bullish sentiment and action of investors on crypto exchanges have intensified. Alphractal, an advanced investment and on-chain data analytics platform, revealed that Ethereum is undergoing one of its most dramatic supply movements to date, as large quantities of ETH continue to flee centralized exchanges at an accelerating pace.

According to the on-chain platform, the persistent withdrawal of ETH has created a historic supply squeeze. This is due to the fact that the quantity of ETH leaving crypto exchanges is now above the ability to accumulate more for the first time in history.

The record-breaking supply squeeze demonstrates an increasing tendency among investors to prioritize long-term holding and staking over active trading. As a result, there is a decrease in the available liquidity in the market.

In recent months, the data shows that billions of dollars worth of ETH have been withdrawn from crypto exchanges, regardless of whether you look at Netflow in ETH or USD value. 

Despite the massive withdrawal, Alphractal highlighted that the Exchange Flux Balance is what truly sticks out. The Exchange Flux Balance is a crucial metric that gauges the cumulative net flow of exchanges.

Source: Chart from Alphractal on X

It is worth noting that high values on this metric suggest that inflows are outperforming outflows and that exchanges are increasing their reserves. Meanwhile, low or negative values indicate that exchanges do not have the capacity to accumulate enough, hence creating a supply squeeze.

Currently, this metric has gone negative for the first time ever, indicating strong institutional and public demand for ETH. Simply put, Ethereum is experiencing the strongest market maker interest since its launch, a structure that might flare up the market soon.

ETH Closed Q3 On A Very Bullish Note

As Q4 of 2025 kicks off, speculations are whether this quarter will be just as bullish as the recently finished Q3. Data from leading crypto researcher and analytics platform CryptoRank reveals that ETH experienced a very positive Q3, recording about 66.7% price gain.

According to the platform, Q3 of 2025 was a breakout quarter for the altcoin, as it finally broke past its previous all-time high and exhibited strong upside action. One of the major factors that fueled this surge is the US legislative moves, which consistently pushed stablecoins and DeFi into the mainstream.

Naturally, Ethereum became one of the major beneficiaries of this regulation change because the leading blockchain continues to be the foundation layer for both stablecoins and DeFi activity. With ETH witnessing a more bullish Q4 in the last 10 years, it is possible that this quarter could end on a positive note.

ETH trading at $4,373 on the 1D chart | Source: ETHUSDT on Tradingview.com

Featured image from Getty Images, chart from Tradingview.com

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.



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XLM/USD (TradingView)
Crypto Trends

XLM Consolidates After Sharp Decline, Testing Key Support Levels

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Stellar’s native token XLM weathered intense volatility over the past 24 hours, plunging to key support levels before staging a robust rebound. The moves, marked by unusually heavy institutional trading activity, underscored the market’s focus on the $0.36–$0.37 support zone as traders weigh the prospects of a breakout toward higher targets.

During the Asian trading session, XLM plummeted to $0.36 on volumes surging above 40 million—more than double the 24-hour average—solidifying this price area as a critical high-volume support. The sell-off was quickly absorbed, with the token climbing back toward $0.37, a sign that institutional players may be accumulating positions at discounted levels.

The final hour of trading on Sept. 24 was especially turbulent. XLM slipped sharply to $0.368 at 13:37 before recovering back to session highs of $0.369 by 14:10. Volume spikes at 13:37 (1.27 million), 13:58 (1.19 million), and 13:59 (1.58 million) highlighted significant institutional flows driving the intraday swings.

XLM/USD (TradingView)

Technical Indicators Signal Consolidation Pattern

  • Price range of $0.01 representing 4 per cent volatility indicates active trading interest.
  • Elevated-volume support test at $0.36 level with 40.69 million in trading volume.
  • Recovery towards $0.37 during Asian trading hours suggests institutional buying.
  • Critical support zone established around $0.36 psychological level.
  • Volume spikes during final hour indicate significant institutional activity.
  • Consolidation pattern formation above $0.37 support zone.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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HBAR/USD (TradingView)
NFT Gaming

HBAR Experiences Sharp Decline Amid High Volume Selling Pressure

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HBAR experienced a sharp downturn over a 23-hour trading window between September 21 and 22, as the token tumbled from $0.24 to $0.22. The 6.29% decline was accompanied by a dramatic expansion in volatility, with trading ranges reaching 9.7%—well above monthly averages. Market pressure intensified as institutional sellers drove prices lower, establishing firm resistance around the $0.235–$0.24 zone and triggering a wave of liquidations.

The most pronounced selling pressure arrived at midnight on September 22, when volumes surged to 137.11 million, nearly triple the daily baseline. This spike marked the peak of the selloff as market sentiment soured across crypto assets, amplifying HBAR’s decline. At the trough, the token hovered around $0.22, signaling potential capitulation among short-term holders.

Yet, the session ended with a notable rebound. In the final hour of trading, bulls regained momentum, pushing HBAR from $0.2197 to $0.2222. A breakout above the $0.22 threshold was fueled by an exceptional 6.21 million in volume within minutes, sparking a short-lived rally toward session highs near $0.2225. The recovery underscored the token’s liquidity-driven dynamics, though volumes collapsed to zero in the final three minutes, suggesting a temporary equilibrium.

HBAR’s volatile session highlights the crypto market’s heightened sensitivity to institutional flows and sentiment-driven reversals. The combination of sharp declines, outsized volume spikes, and a late-stage rebound illustrates the rapid shifts in liquidity that define digital asset markets—underscoring how quickly bearish pressure can give way to opportunistic buying.

HBAR/USD (TradingView)

Key Technical Indicators

  • Price tumbles 6% from $0.24 to $0.22 over 23-hour period from 21 September 15:00 to 22 September 14:00.
  • Volume explodes to 137.11 million at 22 September 00:00—nearly triple daily average baseline.
  • Bears establish strong resistance at $0.24 level where price reverses sharply on heavy selling.
  • Bulls mount 1% recovery rally in final 60 minutes from 22 September 13:09 to 14:08.
  • Breakout above $0.22 resistance occurs at 13:54 on exceptional 6.21 million volume surge.
  • Zero trading volume in final three minutes signals temporary market pause after volatile session.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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Justin Sun and WLFI's Zak Folkman at CoinDesk's Consensus Hong Kong conference. (CoinDesk/Nik De)
GameFi Guides

Holds Above $2.82 After Sharp Decline, Technicals Point to $3.30 Breakout

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XRP failed to sustain momentum above $2.88–$2.89, triggering a 4% decline as institutional selling capped the advance. Heavy volume confirmed resistance at those levels, while buyers reappeared in the $2.81–$2.83 range to stabilize price action.

The move keeps XRP locked in a 47-day consolidation under $3.00, with traders now eyeing the $2.77 support pivot and October’s SEC ETF decisions as the next catalysts.

News Background

  • Six institutional asset managers have filed spot XRP ETF applications, with SEC decisions expected in October.
  • Whale accumulation continues, with roughly 340 million tokens purchased in recent weeks despite persistent volatility.
  • Exchange balances remain elevated above 3.5 billion XRP, raising questions of potential supply pressure if selling resumes.
  • Federal Reserve policy shifts and inflation prints are shaping broader liquidity conditions across risk assets.
  • Previous attempts to break higher saw 227.7 million tokens trade near $2.88–$2.89, confirming that zone as firm resistance.

Price Action Summary

  • XRP traded within a $0.08 range from $2.81 to $2.89, representing 3% volatility.
  • The sharpest decline came at 14:00 on Sept 5, dropping from $2.88 to $2.81 on nearly 280 million tokens traded.
  • Stabilization followed, with consolidation between $2.82 and $2.83 on lighter volume.
  • Closing price near $2.82 kept XRP just above the $2.77 support pivot, viewed as the next key downside guardrail.

Technical Analysis

  • Support: Strong bid zone identified at $2.77–$2.81 following repeated defenses.
  • Resistance: Immediate ceiling at $2.88–$2.89, with $3.00 psychological level and $3.30 breakout threshold above.
  • Indicators: RSI sits mid-50s, reflecting neutral-to-bullish bias.
  • MACD histogram converges toward bullish crossover, signaling possible momentum shift if volume returns.
  • Structure: Ongoing 47-day consolidation under $3.00, with a close above $3.30 opening potential path to $4.00+.

What Traders Are Watching

  • Whether $2.77 holds as the decisive support level if selling resumes.
  • Price behavior on retests of $2.88–$2.89 resistance, particularly if volume surpasses daily averages.
  • How whale accumulation offsets elevated exchange balances, which suggest latent supply risk.
  • October SEC decisions on spot XRP ETFs, viewed as a key institutional adoption catalyst.
  • Macro drivers from Fed policy and inflation data releases that may influence flows across digital assets.



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XLM/USD (TradingView)
NFT Gaming

XLM Plunges 5% in Wild Trading Session Before Staging Sharp Recovery

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Stellar’s native token XLM endured heavy selling pressure over the past 24 hours, trading in a tight but punishing 5% range between $0.34 and $0.36. The session began with relative stability before a late-evening selloff knocked the token from its $0.36 peak to $0.34.

Trading volume surged past 57 million units at midnight as the market tested support around the $0.34–$0.35 zone. Buyers stepped back in early the next morning, briefly lifting XLM back to $0.36 on the back of what appeared to be institutional accumulation, with volumes swelling to 70 million units.

Despite the recovery, price action stalled around $0.36, creating a range-bound structure that technical traders say often precedes a directional breakout. The final hour of trading on Sept. 1 showed bearish momentum regaining control, with XLM slipping 1% as the consolidation pattern broke down.

Intraday data highlighted an acceleration of selling pressure between 13:45 and 13:46, when more than 1.28 million tokens changed hands at the day’s low. Attempts at recovery fizzled before the close, and a lack of activity in the final minute suggested trading had effectively ground to a halt.

The token’s fundamentals were also tested by exchange- and network-related developments. South Korea’s Bithumb announced it will suspend XLM deposits on Sept. 3 while Stellar implements network upgrades, a temporary disruption that underscores the blockchain’s transition into a critical upgrade phase this month.

At the same time, Ripple’s completion of pilot tests with banks has bolstered broader confidence in blockchain-based payment solutions, putting added pressure on Stellar to deliver competitive improvements.

XLM/USD (TradingView)

Volume Spikes Signal Institutional Activity
  • $0.02 trading range represents 5% spread between $0.34 support and $0.36 resistance during session.
  • Midnight selloff generates 57 million volume spike indicating heavy institutional selling.
  • Morning recovery surge hits $0.36 on 70 million volume suggesting accumulation phase.
  • Resistance confirmed at $0.36 with support zone established around $0.34-$0.35.
  • Final hour recovery attempts fail as bearish momentum accelerates.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.



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An Ancient Penis Worm With Rings of Sharp Teeth Has Been Discovered in the Grand Canyon
Gaming Gear

An Ancient Penis Worm With Rings of Sharp Teeth Has Been Discovered in the Grand Canyon

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About 500 million years ago, the Grand Canyon was a great sea, and among the creatures it harbored was a newly discovered type of penis worm, armed with many rings of teeth.

Penis worms are marine creatures with a distinctly phallic appearance. There are more than 20 known species living across the world’s oceans today, as well as a number of extinct ones, like this new discovery. The researcher who made the find was searching for fossils in the Grand Canyon and named the species Kraytdraco spectatus in honor of the huge burrowing krayt dragons that appear in the Star Wars universe. Details of the discovery were published in the journal Science Advances.

The authors believe that the worm fed using a retractible throat that could be pushed outward, inside out, before being drawn in on itself—like the finger of a glove being inverted. Lining this throat were rings and rings of teeth.

Courtesy of Rhydian Evans

Trying to imagine how the ancient worm might have fed, the researchers hypothesize that along this proboscis it combined strong, sharp teeth with more delicate feathered ones for a two-stage eating process. The former could have been used to pick up food such as algae and microorganisms dispersed in the sand where the worm would have lived, the latter to filter this food out of the substrate and chew it. But having only a fossil to look at, and not being able to see the worm at work, this remains only a hypothesis.

An adult specimen would have measured about 15 to 20 centimeters long. This is much larger than the species of penis worm that survive today, which have undergone miniaturization over the millennia and now do not exceed 2 to 3 millimeters.

Although the phallic worm monopolized scientists’ attention with its teeth, fossils of other creatures were also found in the same expedition. They’re estimated to date from before the beginning of the Cambrian period, roughly 500 million years ago, considered by experts to be the dawn of complex animal life. These other creatures, early types of shrimp and mollusks, are valuable because they suggest what the world’s first predators looked like.



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