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Investors eye crypto trading under $0.0024 for massive growth potential
Crypto Trends

Investors eye crypto trading under $0.0024 for massive growth potential

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only.

Little Pepe presale heats up at $0.0021, with bold projections eyeing massive gains beyond XRP’s growth potential.

Summary

  • Little Pepe’s presale is 95% filled with $23.9m raised, offering 42% upside before its $0.003 listing price.
  • Backed by a CertiK audit and CoinMarketCap listing, Little Pepe blends meme culture with Layer 2 innovation.
  • Little Pepe could deliver massive gains, far beyond XRP’s slow 10x potential.

The buzz around Ripple’s XRP has not disappeared; another name is quietly stealing attention. Little Pepe (LILPEPE) is still trading under $0.0024, priced at $0.0021 in its Stage 12 presale, and it is already drawing comparisons with some of the biggest memecoins in history. 

The projected gains here are eye-opening.  While XRP investors hope for a 10x move, LILPEPE has speculative potential of more than 1,142x, which could take its value from $0.0021 to a staggering $2.40 in the right market cycle.

Why XRP may struggle to excite investors

XRP trades between $2.80 and $3.10, reflecting a long battle with regulatory and adoption hurdles. Despite its established presence, the price action feels capped compared to the potential of emerging projects. 

Many analysts believe a 10x rally for XRP would require global adoption of RippleNet solutions, which has proven slower than expected. The upside is limited for new investors compared to smaller caps that can move faster. 

That is where the contrast with LILPEPE becomes clear. Instead of betting on a coin already near the top of its range, investors are watching a presale token priced at fractions of a cent with far more room to grow.

Little Pepe presale performance so far

The numbers tell a convincing story. Little Pepe is now in Stage 12 of its presale, selling tokens at $0.0021. Over $23.9 million has already been raised from a $25.47 million target. Over 15 billion tokens are gone, which means the sale is 95.24% filled at the time of writing. 

Stage 11 sold out earlier this month, pushing the price from $0.0020 to $0.0021, representing a 10% jump. Those who joined Stage 1 already enjoy 110% gains on their early entries. 

Current investors can expect 42% potential gains by launch, when the token will likely list at $0.0030. That type of growth is difficult to ignore, especially when compared to XRP’s slow upward crawl.

Technology that goes beyond meme hype

Little Pepe is not just another fun name in crypto. It is constructed on top of the next generation of Layer 2 blockchains, which are Ethereum-compatible, possessing ultra-low fees, high security, and fast transactions. 

These problems hinder the wider adoption of DeFi projects today, and LILPEPE’s infrastructure is designed to address them. The project has been fully audited by CertiK, with a near 95% security score. Its listing on CoinMarketCap provides legitimacy that many memecoins lack. 

This combination of cultural energy and serious technical backing is why LILPEPE could stand out as more than a passing trend. Between June and August 2025, LILPEPE peaked at 100 on the ChatGPT 5 memecoin trend tracker, outperforming Pepe, Dogecoin, and Shiba Inu in search volumes. That shows cultural demand is alive, and in crypto, community energy often drives the earliest rallies.

Final thoughts

While XRP continues to hold its place as a heavyweight in digital finance, its 10x target feels limited compared to what newer, faster, and community-driven projects may achieve. 

Little Pepe is still trading under $0.0024, backed by a CertiK audit, already listed on CoinMarketCap, and supported by a nearly sold-out presale. Investors who joined early already have 110% gains, and those entering Stage 12 still have 42% upside before launch. 

With speculative projections suggesting a path to $2.40, the long-term gains could be more than 1,142x. That is why many believe the more brilliant move right now is not to wait for XRP’s 10x but to grab LILPEPE before the presale closes. Join the $777k giveaway to be part of one of the most talked-about projects of 2025.

To learn more about Little Pepe, visit the website, Telegram, and X.

Disclosure: This content is provided by a third party. Neither crypto.news nor the author of this article endorses any product mentioned on this page. Users should conduct their own research before taking any action related to the company.



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Filecoin (FIL) Rebounds Amid Pronounced Trading Volatility, Volume Surges
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Filecoin (FIL) Rebounds Amid Pronounced Trading Volatility, Volume Surges

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Filecoin FIL$2.3172 spiked 3% followed by a 2% decline as volatile trading configurations emerged amid evolving market dynamics, according to CoinDesk Research’s technical analysis model.

In recent trading FIL was 3.4% higher over 24 hours, trading around $2.32.

The model showed that the overall trading range was $0.15, or 6%, between the low of $2.23 and the high of $2.38.

Critical resistance materialized at $2.38 with high-volume rejection during peak trading activity, according to the model.

The wider crypto market was little changed, with the broad market gauge, the Coindesk 20, up 0.2%.

Technical Analysis:

  • FIL progressed from $2.25 to $2.32 representing a 3% gain during the preceding 24-hour period
  • Overall trading range encompassing $0.15 (6%) between the absolute nadir of $2.23 and zenith of $2.38.
  • Two distinctive rally phases were identified: a preliminary ascent to $2.28 followed by another climb on Sept. 5.
  • Price trajectory peaked at $2.38 on exceptionally elevated volume of 7.23 million, substantially exceeding the 24-hour average of 2.47 million.
  • Critical resistance materialized at $2.38 with high-volume rejection during peak trading activity.
  • Support levels consolidated around $2.23-$2.24 during initial trading hours.
  • Subsequent decline from $2.36 to $2.32 representing a 2% contraction during the final 60 minutes.
  • Exceptional volume spikes reaching 425,701 indicating institutional selling pressure.
  • Substantial institutional selling volume peaked at nearly double the session average during the concluding hour.

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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SOL Futures Are More Popular Than Ever as U.S. Inflation Report Looms
Crypto Trends

Canada’s HODL to Begin Trading on Nasdaq

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SOL Strategies (HODL), a Toronto-listed digital asset firm focused on the Solana blockchain, has secured approval to list its common shares on the Nasdaq Global Select Market.

Trading will begin Sept. 9 under the ticker STKE, the company said Friday.

Shares will continue to trade on the Canadian Securities Exchange (CSE) under HODL, but will be delisted from the U.S. over-the-counter (OTC) market, where they previously traded as CYFRF. Holders of OTC shares do not need to take action, as their shares will automatically convert to the Nasdaq listing.

HODL stock is higher by 8% in Toronto action.

The move marks a significant milestone for the Canadian firm, formerly known as Cypherpunk Holdings, which has rebranded around its Solana strategy.

SOL Strategies started buying solana SOL$203.92 in the second quarter of last year following a strategic pivot. As of Aug. 31 the company held 435,064 SOL tokens, worth around CAD$122 million.

The company said that joining Nasdaq will increase its visibility with institutional investors, improve liquidity, and broaden access to capital markets.

“This listing provides our shareholders with enhanced liquidity while giving us access to deeper capital markets as we continue scaling our validator operations and expanding our ecosystem investments,” said CEO Leah Wald. It’s also “validation for the entire Solana ecosystem.”

SOL Strategies is positioning itself as a leading institutional gateway into Solana staking and infrastructure.

The firm said it expects the Nasdaq listing to accelerate validator growth, support operational scalability as Solana staking demand rises, and strengthen its role in bringing institutional capital into the network.

Read more: SOL Strategies Files to List on Nasdaq



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Public Keys: Big ETH Stakes, AI Boost for Bitcoin Miners and 24/7 Trading

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In brief

  • SharpLink Gaming plans to stake part of its $3.6 billion ETH holdings on Linea network for higher yields, moving beyond traditional custodians Anchorage and Coinbase.
  • SEC and CFTC leaders announced they’re considering 24/7 trading markets to align with crypto’s always-on nature, marking another potential Trump administration change to financial markets.
  • Bitcoin miners hit a record $39 billion combined market cap by pivoting to AI compute services, with companies like TeraWulf seeing massive stock gains from GPU hosting deals.

Public Keys is a weekly roundup from Decrypt, that tracks the key publicly traded crypto companies.

Sharpening the Stake

Ethereum treasury firm SharpLink Gaming is planning to stake a portion of its $3.6 billion ETH stash on the Linea network once it hits mainnet.

The company had been staking almost all of its holdings through its custodians, Anchorage and Coinbase. But now it’s eyeing higher-yield opportunities.

“When you hold billions of dollars of ETH and you’re looking at a portfolio of staking, there is going to be an ability to deploy that through staking opportunities on Linea,” SharpLink co-CEO Joseph Chalom told Decrypt. “And that is really, really important, not only to Consensys, but to the Linea Consortium. And if there are opportunities that SharpLink can avail itself of to get better yield, higher risk-adjusted yield through the Linea network, we will do that.”

There’s been an awful lot of interest in staking and becoming Ethereum validators. The line to become a validator has a wait time of more than 16 days, according to Validator Queue.

An Ethereum ICO whale awakened recently and moved $645 million worth of ETH into a staking wallet this morning—although they still hold $1.1 billion worth of funds.

The news about staking ETH hasn’t exactly been great for SharpLink’s share price, though. SBET has lost 4% and shares are currently trading for $14.81. That’s nearly a 20% drop since the start of the week.

What business hours?

SEC and CFTC leaders  on Friday said they’re considering “24/7 markets” to match the cadence of the digital assets market.

“Further expanding trading hours could better align U.S. markets with the evolving reality of a global, always-on economy,” SEC chair Paul Atkins and CFTC acting chair Caroline Pham said in a joint statement on Friday.

But the chairs added the caveat that around the clock trading might not be a good fit for all asset types.

If the change comes to pass, the Trump administration will have left another mark on financial markets.

The chairs said the proposals all align with a report released in July by the Trump administration directing the agencies to loosen numerous U.S. restrictions on crypto trading..

It’s an ironic twist 10 years after Wall Street firms had to ban interns from pulling all nighters.

Bitcoin miners get an AI boost

According to JP Morgan analysts, publicly traded Bitcoin miners have AI to thank for a new record-high market cap set last month.

Their combined market cap soared to $39 billion as firms leaned into their high-performance computer pivots, which primarily serve AI firms’ voracious appetite for compute power.

Last year’s Bitcoin halving and soaring hashrates have relentlessly cut into margins, but thankfully there’s lots of demand in the GPU farms.

JP Morgan tracks 13 U.S.-listed miners, including Iris Energy, Hut 8, Core Scientific, Marathon, and Riot. The list also includes TeraWulf, whose stock rose a staggering 83% after the company upsized its colocation and AI hosting deal with Fluidstack.

This is less a scrabble for profits and more a sign of carefully laid plans panning out. Plenty of miners have been planning these pivots for years.

Other Keys

  • Strategy drops $450M on Bitcoin: It’s hardly surprising when Strategy buys more Bitcoin. This one kept its streak alive the same week its stock earn a reiterated Buy rating from Benchmark.
  • Back in custody: U.S. Bank has revived its Bitcoin custody service. The $60 billion market cap lender has revived the program after a years-long pause as demand for institutional grade custodians swells.
  • Metaplanet shareholder crunch: Shareholders of the Japanese Bitcoin treasury firm approved an $884 million capital raise as the company struggles to raise cash. An analyst told Decrypt he expects the firm to keep its BTC buying pace, even if Bitcoin dives this month.

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Crypto Trends

Solana Treasury Company SOL Strategies to Begin Trading on Nasdaq

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In brief

  • SOL Strategies received approval to list its common shares on the Nasdaq Exchange.
  • The firm intends to trade under ticker STKE starting on September 9.
  • Shares of the firm were up nearly 20% on the Canadian Stock Exchange on Friday.

Publicly traded Solana treasury and infrastructure company SOL Strategies received approval to list its common shares on the American-based Nasdaq Exchange, the firm announced on Friday. 

The Canadian firm expects to begin trading on the Nasdaq on September 9 with the ticker STKE. It will continue trading on the Canadian Securities Exchange as HODL, but no longer trade on the OTCQB Venture Market. OCTQB shareholders will automatically have their shares converted to the Nasdaq listing. 

“For SOL Strategies, the listing opens up deeper capital markets, greater institutional visibility, and new partnership opportunities that simply aren’t accessible on other exchanges,” SOL Strategies President and CEO Leah Wald told Decrypt. “For shareholders, it brings enhanced liquidity, broader investor participation, and the credibility that comes with being in Nasdaq’s orbit. We are expanding access and creating a stronger platform for shareholders with real long-term value.”



The official Nasdaq listing remains subject to listing and regulatory requirements, and the firm’s effective registration of common shares with the SEC. 

Upon listing, the firm anticipates that it will accelerate growth of its Solana validator operations as it builds institutional interest. 

As of August 31, SOL Strategies has accumulated 435,064 SOL, worth around $89 million at the time of writing. Additionally, its validators have amassed more than 3 million staked SOL, worth around $741 million. 

The $89 million in its Solana treasury places it third among publicly traded SOL treasuries, according to data gathered by CoinGecko. It trails only Upexi and DeFi Development Corp, each of which holds around $400 million worth of Solana. 

Shares of HODL on the Canadian Stock Exchange traded up nearly 20% on the day to $10.21 CAD, or around $7.37. 

The firm reported a quarterly annualized revenue growth to around $8.7 million USD in Q2, up from around $3.5 million in the final quarter of 2024, according to a recent investor presentation.

“Earning this listing places SOL Strategies on the same global stage as some of the most innovative public companies,” Wald told Decrypt. “For us, it’s about proving to the market that we’re here to join the fray and fight for a top seat in the public markets.”

Editor’s note: This story was updated after publication to add quotes from Wald.

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NFT Trading Volume And Sales Climb Again
NFT Gaming

NFT Trading Volume And Sales Climb Again

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The non-fungible token (NFT) market has just closed its two strongest months since February as adoption and renewed interest have driven trading volumes to its highest levels this year.

NFT trading volumes were up 9%, but sales counts dipped 4%, showing that while “fewer assets traded hands, collectors are paying more per sale,” according to a report published by blockchain analytics platform DappRadar on Thursday.

CoinGecko shows that trading volumes for NFTs spiked in the last 24 hours, rising more than 25% to reach a high of $7.9 million.

Resurgence driven by adoption

A key driver of the uptick in the NFT market comes from adoption, according to DappRadar analyst Sara Gherghelas. She pointed to cases such as the nightclub Hï in Ibiza, an island near Spain, which opened the first permanent NFT art gallery inside a club, showcasing works from NFT artists like Beeple and Mad Dog Jones.

Another driver is the Coinbase layer-2 network Base, which climbed to become the third-largest chain by trading volume, sparked by low minting costs and airdrop speculation.

Source: DappRadar

However, Gherghelas said Ethereum “remains the powerhouse,” commanding 61% dominance in the NFT industry. In August, developers also introduced trustless agents.”

“This could allow AI systems and DApps to safely recognize and interact with one another using NFT-based IDs and reputation layers,” Gherghelas added.

In July, American rapper Snoop Dogg sold out a collection of almost 1,000 NFTs on Telegram in 30 minutes, which also sparked discussions about a possible market resurgence.

Investors, degens are trading NFTs again

NFTs saw $578 million in trading volumes and 5.5 million sales in August, up slightly from July, which saw $530 million in trading and 5.2 million sales, according to DappRadar.

January was the biggest month for 2025 so far in trading volumes, with $997 million, but only 3.1 million sales, followed by February with $498 million, and 2.7 million sales.

July and August have registered as the strongest months for the NFT market outside of January in terms of volume and sales. Source: DappRadar

Gherghelas said in the report, “This makes July and August the strongest months since February 2025 for NFTs, both in volume and in sales count.”

“The signs are clear: people are returning to the NFT space.”

CryptoSlam strategist Yehudah Petscher told Cointelegraph in May that he thought the NFT market was poised for a rebound but with a more tempered outlook than its previous highs. 

The NFT market has had a turbulent few years. Cointelegraph reported in April that NFT volumes plunged 61% in the first quarter of 2025 to $1.5 billion, while last year was flagged as the market’s worst year for trading volume and sales since 2020, which was marred by volatility and rising token prices.

Related: NFT market cap drops by $1.2B as Ether rally loses steam

However, it has been showing signs of life. In August, the sector surged to a market capitalization of more than $9.3 billion, a 40% uptick from July, as Ethereum-based collections increased in price along with Ether (ETH).

Top NFT collections

The largest NFT collection by market capitalization, CryptoPunks, has registered a 24-hour volume of $1.2 million and five individual sales, according to CoinGecko.

The second largest by market capitalization, the Infinex Patrons NFT collection, which grants holders governance voting power over the Infinex protocol, has registered a 24 trading volume of $7,733, and two sales.

Rounding out the top three is Yuga Labs’ Bored Ape Yacht Club, with a volume of $208,617 and five sales. 

Magazine: Astrology could make you a better crypto trader: It has been foretold



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Kraken Acquires Breakout to Enable Leveraged Bitcoin Trading With Funded Accounts

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In brief

  • Kraken has bought proprietary trading platform Breakout.
  • It’s the latest acquisition by the crypto exchange.
  • San Francisco-based Kraken has said it is planning to go public.

U.S. crypto exchange Kraken has acquired proprietary trading platform Breakout, the company announced Thursday, as it continues its efforts to expand services ahead of a planned public offering. 

San Francisco, California-based Kraken said it bought Breakout for advanced traders. The platform allows eligible users to access up to $200,000 in notional capital and retain up to 90% of profits. Top traders are rewarded for making large trades. 

Kraken would not tell Decrypt the price of the transaction. 

“Breakout gives us a way to allocate capital based on proof of skill rather than access to capital itself,” Kraken co-CEO Arjun Sethi said in a statement. “In a world that is rapidly shifting from who you know to what you know, we want to build systems that reward demonstrated performance, not pedigree.”

Breakout offers traders 5 times leverage on BTC and ETH contracts. But traders have to pass an evaluation before receiving a notional capital allocation—and are subject to retests if they breach drawdown thresholds.

In a press release, Kraken said that it was “empowering” successful “traders to allocate at size into crypto markets,” and reaffirmed its aim to provide “innovative, performance-based products.” The company expects to integrate Breakout into its Kraken Pro platform. 

The debut comes as Kraken offers new products, including stocks and exchange-traded fund trading in certain U.S. states. In March, Kraken also announced it was buying futures trading platform NinjaTrader for $1.5 billion. 

The company intends to go public, a Kraken spokesperson confirmed to Decrypt earlier this year, possibly as early as early 2026, according to a Bloomberg report. The company would then become the second U.S.-based crypto exchange to trade publicly, following Coinbase, which listed on Nasdaq in April 2021. 



Kraken’s plans come amid a friendlier political and regulatory environment for digital assets ushered in by the administration of Donald Trump, who received massive donations from industry stalwarts during his 2024 run for president. 

In late March, the U.S. Securities and Exchange Commission dismissed enforcement actions against Kraken and two other crypto firms filing joint stipulations to drop the cases with prejudice, making the decisions final and not subject to refile. The regulator has also ended cases against Coinbase, Robinhood, Uniswap Labs, and OpenSea, among others. 

Sethi noted that the acquisition would enable Kraken to provide a service consistent with how “modern capital platforms should work.”

“By integrating Breakout into Kraken, we are building an infrastructure layer where traders can earn their way into size, deploy capital with minimal friction, and get paid on merit,” he said.

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Kraken Enters Prop Trading with Breakout Acquisition
Crypto Trends

Kraken Enters Prop Trading with Breakout Acquisition

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Kraken has stepped into proprietary trading with the acquisition of Breakout, a Tampa, Florida startup that backs traders with capital.

In a Thursday announcement, crypto exchange Kraken announced the acquisition of Breakout, a startup that backs traders with up to $200,000 in capital under a “rigorous evaluation” methodology that tests risk management and strategy discipline.

“Breakout gives us a way to allocate capital based on proof of skill rather than access to capital itself… We want to build systems that reward demonstrated performance, not pedigree,” Kraken’s co-CEO Arjun Sethi said in a statement.

Proprietary or prop trading is when traders use a company’s capital rather than their own, with profits shared between the two. Traders on Breakout’s platform can keep up to 90% of their profits, the company said.

Launched in 2023, the platform supports more than 50 crypto trading pairs, including leveraged contracts on Bitcoin (BTC) and Ether (ETH).

Source: Unclesendit

Financial terms of the deal weren’t disclosed. Breakout raised $4.5 million in seed funding in 2024, and will eventually be integrated into Kraken Pro as part of the exchange’s push into trading infrastructure.

The move also follows Kraken’s acquisition of NinjaTrader, a US-based futures and trading software platform, in May 2025 for $1.5 billion. 

After the 2008 financial crisis, US banks were restricted from proprietary trading, pushing activity to independent market makers and companies like Citadel Securities, Jane Street and Jump Trading.

Prop trading has also taken root in the crypto sector. Firms like Jump Crypto, a division of Jump Trading, and DRW’s Cumberland deploy their own capital in digital assets, including through market-making activities. Meanwhile, retail-focused platforms such as Crypto Fund Trader, HyroTrader and Breakout offer evaluation-based accounts to let traders access capital.

Related:  SBI Group, Chainlink partner to bring crypto tech to Asia’s finance scene 

Exchanges are busy making TradFi acquisitions

Crypto exchanges have been acquiring companies and products to expand their offerings of traditional finance tools.

In May, Coinbase closed a $2.9 billion deal to acquire Deribit, the derivatives exchange. It was one of largest mergers in the sector to date, giving Coinbase a significant foothold in derivatives trading.

That same month, Crypto.com secured approval from Cyprus regulators after acquiring A.N. Allnew Investments Ltd. This move granted it a MiFID license to offer regulated securities and derivatives across the European Economic Area. 

On Tuesday, Japanese crypto exchange Coincheck announced plans to acquire Aplo, a Paris-based regulated digital asset brokerage for institutions. The deals gives Coincheck a foothold in Europe’s regulated markets.

Magazine: Inside a 30,000 phone bot farm stealing crypto airdrops from real users



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Gold ether coins in a small pile, symbolizing ETH investment
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Stellar Upgrade Triggers Trading Pauses on Major Exchanges, XLM Faces Resistance

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South Korean crypto exchange Upbit temporarily suspended trading in Stellar’s XLM token on Tuesday, a precautionary move as the Stellar network readies for its Protocol 23 upgrade.

The scheduled modernization, set for Sept. 3, is expected to enhance scalability and accelerate transaction speeds, prompting several exchanges to adopt stability measures during the transition.

XLM traded in a narrow band between $0.36 and $0.37 in the 24 hours leading up to the upgrade, with volume spikes coinciding with tests of resistance at the upper end of that range.

Despite multiple attempts to break through $0.37, selling pressure kept prices capped, while strong support formed at $0.36. Analysts suggest this consolidation reflects institutional accumulation, with market participants watching closely for a decisive breakout.

The final hour of trading before the suspension saw heightened volatility, with XLM briefly touching $0.37 before slipping back to $0.36. The price action underscores the network’s importance in cross-border payments and the growing institutional focus on digital asset infrastructure.

Broader momentum is also being fueled by rising interest in central bank digital currencies (CBDCs) and enterprise blockchain adoption, including partnerships involving Hedera.

With Stellar’s Protocol 23 upgrade underway, traders are eyeing two critical levels: the $0.45 resistance, which XLM has failed to clear on four separate occasions since June, and the $0.30–$0.32 support zone, seen as a potential accumulation area. Market observers say the outcome of the upgrade could dictate whether Stellar finally breaks through its ceiling or retreats to rebuild support at lower levels.

XLM/USD (TradingView)

Principal Technical Indicators
  • Price Parameters: XLM traded within a $0.36-$0.37 corridor during the 24-hour period with 3% aggregate volatility.
  • Volume Assessment: Peak trading activity of 28.91 million during resistance examination at the $0.37 threshold.
  • Support/Resistance Dynamics: Robust resistance established at $0.37 with support maintaining integrity around $0.36.
  • Breakout Configurations: Multiple unsuccessful attempts to sustain valuations above the $0.37 resistance threshold.
  • Institutional Participation: Volume surges coinciding with key technical levels suggest accumulation patterns amongst sophisticated market participants.

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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Avalanche activity driven by DEXs, trading bots, whale memecoin speculation
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Avalanche activity driven by DEXs, trading bots, whale memecoin speculation

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Smart contract blockchain Avalanche recorded a consistent surge in blockchain activity, as analysts pointed to growing decentralized trading activities and returning crypto whale speculation on the next emerging memecoin.

Avalanche’s transaction growth surpassed all other blockchains the past week, rising 66% to 11.9 million transactions across more than 181,000 active addresses, signaling growing investor mindshare focusing on the blockchain.

The milestone occurred after a “landmark effort” of the US Department of Commerce, which adopted Avalanche, along with nine other public decentralized blockchains, to publish its real gross domestic product (GDP), Cointelegraph reported on Friday.

Despite Avalanche’s growing institutional and governmental adoption, we “cannot at this point attribute this to the US Government adopting Avalanche for its GDP data,” said Nicolai Sondergaard, research analyst at the Nansen crypto intelligence platform.

The network’s increasing blockchain activity was mainly driven by decentralized finance (DeFi) traders, miner extractable value (MEV) trading bots and whales speculating on the next big memecoin launch, the analyst told Cointelegraph, adding:

“The transaction surge is driven by: 60% DeFi protocol activity (Trader Joe, Aave, Benqi), 25% Automated trading bots and MEV, and 10% Whale trading and memecoin speculation […].”

The research analyst explained that the additional 5% of blockchain activity was attributed to blockchain gaming and non-fungible tokens (NFTs).

Avalanche, top 5 entities by blockchain users, 180 days. Source: Nansen

Related: Avalanche, Toyota Blockchain designing autonomous robotaxi infrastructure

DEX trading, “high-balance” whales drove the majority of Avalanche blockchain activity: Nansen

Cryptocurrency trading on decentralized exchanges drove the lion’s share of Avalanche’s blockchain activity, with Trader Joe DEX as the “primary driver,” which saw over $333 million worth of Avalanche Wrapped Ether (WETH.e) volume during the past seven days.

“Key players” driving this activity included traders on Nansen’s top 100 leaderboard, who made multiple six-figure trades, Sondergaard said.

Aave lending protocol was the secondary driver with $624,000 worth of flash loan activity through DEX aggregators, while the Benqi Protocol was another significant driver, after receiving over $650,000 worth of deposits from cryptocurrency trading bots.

Automated trading activities and “high balance” whale addresses drove the rest of the blockchain activity, with the Black (BLACK) token seeing $14 million in trading volume, with multiple whale addresses amassing up to $95,000 worth of the token.

Related: Kanye West’s YZY token: 51,000 traders lost $74M, while 11 netted $1M

Top blockchains by key metrics, change in weekly transactions. Source: Nansen

Looking at one of Avalanche’s main competitors, the Solana blockchain saw a 6.7% decrease in weekly transactions, including 433 million transactions across 18.9 million active addresses, Nansen data shows.

Solana top entities by weekly transactions. Source: Nansen

Similar to Avalanche, DEX trading drove the majority of blockchain activity, including Raydium DEX with 12.4 million users and 297 million transactions, followed by Fluxbeam DEX with 7.3 million users and 178 million transactions.

Magazine: Altcoin season 2025 is almost here… but the rules have changed



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