Gate Research: Pump.fun Token Daily Trading Volume Surpasses $2 Billion; Base Tops Single-Day Stablecoin Transfers for the First Time
Gate Research Daily Report: On October 28, the price of BTC increased by 0.91% over the past 24 hours, currently standing at $67,789, while ETH dropped by 0.23% to $2,476. The S&P 500 index fell by 0.03%, the Nasdaq rose by 0.56%, and the Dow Jones declined by 0.61%. Since July 1, Farcaster’s cumulative revenue has exceeded $2 million, but it grew by only $340,000 in the past four months, reaching $2.34 million. On October 26, the Layer 2 network Base saw single-day stablecoin trading volume surpassing $18.1 billion. On October 24, tokens issued by Pump.fun recorded daily trading volumes exceeding $2 billion on the Solana DEX.
Market Analysis: BTC price increased by 0.91%, reaching $67,789, while ETH price declined by 0.23%, currently at $2,476.
Top Performers: The most popular tokens in the past 24 hours are SHDW, SXP, and VIRTUAL.
Data Highlights: The Layer 2 network Base saw its single-day stablecoin trading volume exceed $18.1 billion, ranking first among all chains for the first time.
Spotlight Analysis: The daily trading volume of Pumpfun’s issued tokens surpassed $2 billion, outpacing all other tokens within the Solana ecosystem.
Market Opportunities: Drop’s testnet, in collaboration with Celestia, has launched an Interchain Account feature aimed at enhancing the security of liquid staking.
Explore today’s details 👉🏻 Gate Research: Pump.fun Token Daily Trading Volume Surpasses $2 Billion; Base Tops Single-Day Stablecoin Transfers for the First Time
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Gate.io Team
Oct 29th, 2024
