After weeks of jubilance over the Solana ecosystem’s resounding comeback—one that boosted SOL, Solana NFTs, Solana meme coins, and even the lackluster Solana smartphone—the momentum began to cool this week, triggering intensified exchanges between advocates of the blockchain and those of its dominant rival, Ethereum.
On Thursday, Ethereum co-founder Vitalik Buterin bemoaned the dying Web3 vision that originally spurred much crypto development, blaming stalled progress on the exorbitant cost of gas fees.
The tension was likely heightened by the declining fortunes of key Solana winners of recent weeks, most notably the once-unstoppable dog-themed meme coin BONK.
And just in time, native tokens of Ethereum layer-2 networks such as Optimism and Arbitrum shot up over 30% and 16%, respectively—likely due to those blockchain’s lower gas fees.
Even seemingly unrelated news events got sucked into the fray. When news broke earlier in the week that Donald Trump had started offloading millions of dollars worth of ETH from his struggling NFT projects, Twitter users were quick to view the news as a referendum on the never-ending Ethereum/Solana fracas.
Chris Torres, the creator of the iconic internet meme Nyan Cat, is apprehensive about getting involved in the world of meme coins, despite issuing a number of NFT collections in the past.
The artist told Decrypt it’s because he views meme coins as the “wild west.”
Still, Torres has claimed more than $700,000 in fees from the Bags token launchpad. It allows anyone to launch a token on the platform and assign royalties to a user on X. The platform has housed countless tokens sending royalties to T...
XRP and Dogecoin led altcoins higher on Friday as Bitcoin’s dominance fell to a 12-day low.
The Ripple-linked token was recently changing hands around $3.29, a 7.5% jump over the past day, according to crypto data provider CoinGecko. Dogecoin meanwhile jumped 6.2% to $0.22, while Ethereum’s price eclipsed the $4,000 mark for the first time since December.
Bitcoin’s market cap accounted for 57.8% of the crypto market on Friday, down from 61.3% a week ago, according to CoinGecko. Within the past t...
In the wake of the U.S. Securities and Exchange Commission formally closing its legal dispute against Ripple Labs Inc., the XRP Army believes it is confirmation that the group is on the “right side of history”—a mantra that’s been repeated among the community since 2020.
It stems from a blog post from Ripple CEO Brad Garlinghouse, who said at the time: “We are not only on the right side of the law, but we will be on the right side of history.”
The SEC alleged that Ripple had participated in a $1...
