Shaurya is the Deputy Managing Editor for the Data & Tokens team, focusing on decentralized finance, markets, on-chain data, and governance across all major and minor blockchains.
Some Solana ecosystem tokens and meme coins are gaining value from SOL’s 110% rally over the past month, a sign of rising bullish expectations for the blockchain among investors.
At the start of November, developers introduced single-sided staking on bonk liquidity pools – allowing traders to earn yields of over 25% annualized by supplying bonk tokens to the Bonk Inu platform, which may have contributed towards improved sentiment. Bankman-Fried was one of the top proponents of the Solana ecosystem during his active reign. He invested millions of dollars in Solana’s SOL tokens and across the Solana ecosystem and even launched the decentralized exchange Serum atop the network.seemed to kickstart a downward spiral in Solana tokens and ecosystem projects as investors considered the one-time crypto titan’s arrest a major headwind for the network.
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