Kategorie: Altcoin News

Altcoin news about alternative blockchains and its crypto ecosystems.

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Solana’s RWA market surpasses $700M all-time high as adoption accelerates

  • Tokenized real-world assets on Solana hit a record $707.79M.
  • RWA holders jumped 18% the past month, indicating amplified adoption.
  • Stablecoin activity on the SOL blockchain increased by 68% the last 30 days.

Amid the gloomy broader sentiments, the Solana community celebrated a key milestone.

According to RWA.xyz data, the total value of tokenized real-world assets (RWAs) on the Solana network increased by 5.8% the past month to $707.79 million, setting a fresh all-time high.

The surge reflects the current trend where traditional markets are merging with blockchain platforms.

Notably, RWA tokenization involves digitizing ownership of intangible or tangible real-world assets, including artwork, digital assets, and real estate, using blockchain technology.

Solana’s capability of handling massive transactions at cheaper costs has made it perfect for these innovations.

With its unique proof-of-stake and proof-of-history mechanisms, the crypto project can process over 65,000 TPS (transactions per second).

Syndica’s latest blog shows Solana has maintained 6x faster TPS than any other chain for eight consecutive months.

That’s the type of speed essential for handling large-scale real-world asset tokenization.

Increasing holders signal confidence

The data shows RWA holders on Solana surged to 92,526 after an 18.28% uptick in the last 30 days.

This confirms increased trust from institutional and individual investors who see Solana as the blockchain for streamlined tokenization.

Furthermore, the remarkable jump reflects the new trend of market players viewing tokenized investments as viable alternatives to traditional assets.

In total, Solana currently has 94 distinct tokenized RWAs, ranging from real estate and treasury bills to commodities.

Such diversification strengthens the SOL ecosystem. Moreover, they reduce risks as users have multiple channels for exposure.

As mainstream finance moves on-chain, Solana appears as a leading destination for tokenized products.

Its low fees, high interoperability, and speed might continue attracting serious capital in the coming months and years.

Stablecoins strengthen Solana’s on-chain economy

Besides the thriving RWA market, Solana’s stablecoin market cap soared 17.5% the previous month to $14.74 billion.

These stable tokens serve various purposes across the SOL platform, including trading, on-chain payments, and lending.

Moreover, stablecoin holders jumped 2.77% in 30 days to 11.78 million.

Most impressively, stablecoin transactions skyrocketed 68.44% in a month to $542.87 million.

Solstice Finance debuted its USX stablecoin on Solana on September 30.

SOL price outlook

Solana is trading at $189. It has lost nearly 15% of its value in the past month as broader market bearishness outweighed optimism surrounding the tokenization updates.

SOL gained more than 2% the past 24 hours, though the 13% slump in daily trading volume reflects bearish sentiment.

The token reflects the prevailing overall market downturn, but institutional interest positions it for impressive comebacks amid broad-based bull runs.

The incredible success in the tokenization industry signals Solana entering a new era of growth, fueled by real-world adoption.

 

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Mantle (MNT) kicks off 5-month global hackathon with $150K in rewards

  • The event is open to everyone, from startup teams to solo creators.
  • The hackathon runs until February 7, 2026.
  • Winning participants will enjoy a $150,000 prize pool.

Blockchain network Mantle has officially opened its first-ever global hackathon, inviting creators and developers to build innovative blockchain solutions in a five-month online competition.

The event has started today, October 22, and will run until February 7 next year, and offers up to $150,000 in incentives to winning projects.

The hackathon is open to all enthusiasts globally, with renowned developer ecosystems HackQuest and OpenBuild offering tools, exposure to new projects, and mentorship.

The event offers builders an opportunity to create practical innovations, and not hype-driven trends.

Building to solve real-world problems

Mantle has highlighted what it expects from participants of its hackathon: relevant products that tackle real user issues.

Meanwhile, the evaluation procedure will prioritize five primary pillars, including scalability, product design, technical execution, Mante integration, and market potential.

The Mantle team emphasized that successful entries should focus on market utility and not flashy demos.

Indeed, this hackathon is a platform for serious builders and not short-term speculators. They said:

Build what lasts, not just what trends. Focus on execution, usability, and real-world relevance. Most importantly, solve what users need.

Meanwhile, participants have adequate time to design and shape their innovative projects.

Registration and building start this month, with the winner announcement scheduled for February.

Creators have the time to plan, test, and polish ideas before presenting their projects to the broader cryptocurrency community and judges.

For context, the hackathon boasts a diverse judging panel comprising renowned figures in the blockchain world.

The comprehensive list includes 0x Todd, Trustless State, Notaciccap, and multiple others with experience spanning venture capital, DeFi innovation, and product development.

The massive judging team adds credibility to the event.

Moreover, their experience signals high expectations as the panel boasts expertise in evaluating projects with real-world impact and creative innovations.

Mantle and Bybit prioritize real-world solutions

The five-month hackathon coincides with Mantle’s current alliance with centralized exchange Bybit, aimed at merging liquidity providers, real-world assets, and developers.

The duo seeks to democratize the trillion-dollar industry of on-chain finance.

The initiative reflects Mantle’s mission to expand beyond a blockchain network and create an international developer community to accelerate financial innovation.

MNT price outlook

Mantle’s native token mirrored broader sentiments today.

MNT lost nearly 10% of its value over the past 24 hours to $1.64.

The faded daily trading volumes indicate trader disinterest in the tokens, as bears rattle the cryptocurrency landscape.

The value of all digital tokens plunged by 5% the past 24 hours to $3.65 trillion due to factors like tariff tensions.

Nevertheless, analysts remain confident, predicting massive rebounds in Q4 and into 2026.

Meanwhile, the ongoing hackathon could boost MNT’s utility and volumes in the coming times, which could catalyze stable price performances.

The post Mantle (MNT) kicks off 5-month global hackathon with $150K in rewards appeared first on CoinJournal.

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LayerZero outlook: ZRO price on the edge ahead of $43M token unlock

  • The interoperability platform will release 25.71 million coins today.
  • Traders brace for potential volatility amid liquidity influx.
  • ZRO trades above the crucial support zone at $1.50.

Cryptocurrencies rallied on Monday as the value of all digital currencies soared 3% the past 24 hours to $3.74 trillion.

Amidst the broader optimism, LayerZero’s ZRO remained relatively unmoved, gaining only 0.56% in that timeframe to trade at $1.71.

ZRO’s sluggish performance comes as the community braces for today’s massive coin release.

Tokenomist data shows the interoperability protocol will unlock 25.71 million tokens, worth approximately $43.70 million, today.

The amount represents 7.86% of the current circulating supply.

The move will increase the available ZRO tokens, likely influencing the demand and supply metrics.

The altcoin’s subdued performance reflects investor and trader hesitation as the project braces for potential volatility in the coming hours.

LayerZero’s unlock tests trader confidence

The on-chain data shows the project will distribute the 25.71 million tokens to investor holdings, ecosystem rewards, and team allocations.

Keep in mind that LayerZero unlocks 25.71 million tokens on the 20th of each month.

These types of releases are common among new projects.

Nonetheless, the events catalyse volatility as previously locked ZRO assets enter circulation.

While the digital coin eyes recoveries after losing more than 10% of its value in the past week, traders should prepare for turbulence amid today’s $43.7 million release.

Now that volatility is almost inevitable, its intensity will drive ZRO’s price movements.

Meanwhile, a lot will depend on what the recipients will do with the unlocked trends.

Traders can expect bearish movements if large holders offload to secure gains.

On the other hand, activities such as staking, reinvesting, or using the assets within the LayerZero ecosystem can minimise the impact.

Previous market activity shows most recipients sold after the unlock.

ZRO price has seen downside pressure on or after the 20th of each month, following the scheduled releases.

ZRO price outlook

The alt is trading at $1.71 after a brief 0.56% uptick in the past 24 hours.

Its daily trading volume has increased by 154%, indicating interest in LayerZero.

ZRO braces for short-term turbulence in the coming hours with a surge in supply.

Traders can expect short-term bearish pressure before the alt’s decisive direction, which could depend on broader sentiments.

Nevertheless, ZRO exhibits a bullish structure in the longer term.

Its weekly chart demonstrates prolonged consolidation that seems to print a symmetrical triangle.

That pattern hints at potential breakouts in the coming sessions.

ZRO boasts a reliable support area at $1.50.

The digital token can climb to the resistance at $2.30 if it steadies above this foothold.

That would mean a roughly 25% increase from the market price.

Bull might extend to $2.50 before significant rallies to $4.19. However, broad-based bull runs are essential for such gains.

 

The post LayerZero outlook: ZRO price on the edge ahead of $43M token unlock appeared first on CoinJournal.

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Meme coin news: FLOKI price dips 17%, SHIB’s 270M outflows signal investor confidence

  • FLOKI loses momentum after Musk-triggered rallies.
  • Over 270 million Shiba Inu tokens left crypto exchanges in the past 24 hours.
  • The meme coin market remained stable over the past 24 hours.

Digital assets plunged again on Thursday as Bitcoin lost more than 2.5% the past day to $108,200.

The meme coin market, on the other hand, was able to trade flat on Tuesday.

The total market cap for meme coins remained above the $60 billion mark.

FLOKI sinks after Musk-fueled rally

Tesla CEO Elon Musk stirred the cryptocurrency market on Monday after sharing a post about his Shiba Inu pet, Floki, being the new X chief.

Meme cryptocurrency FLOKI, which shares its name with the famous dog, turned bullish almost immediately after the post.

The altcoin gained more than 30% as the cryptocurrency community focused on the “Floki is back” part.

However, the hyped didn’t last.

FLOKI has lost more than 17% on its 24-hour chart after plunging from $0.0000883 to $0.00007295 intraday low.

The sharp price swings confirm how volatile assets can be, especially those sensitive to social media chatter.

FLOKI is trading at $0.00007400, with faded traded volumes hinting at more price declines.

Further, the prevailing broader market downturn weighs on FLOKI’s performance.

Shiba Inu outflows signal investor trust

While FLOKI dominated price charts, Shiba Inu (SHIB) was in the limelight for different reasons.

CryptoQuant data shows the second-largest cryptocurrency recorded over 270 million in exchange outflows in the past 24 hours.

The metric plummeted from around 675 million tokens to 468 million in a day, reflecting staggering SHIB accumulation.

Massive asset withdrawals from exchanges signal holders moving assets to private wallets for long-term holding.

That translates to reduced selling pressure in the near-term.

In other words, large-scale investors seem confident in SHIB’s future performance.

The meme token is trading at $0.00001002 after an over 2% dip the past day.

SHIB has consolidated the past 24 hours, with recovering trading volumes hinting at imminent reversals.

However, broader sentiments remain crucial in determining Shiba Inu’s price actions.

Meme market overview

FLOKI and SHIB grabbed attention as the overall meme cryptocurrency market stayed somewhat stable.

CoinGecko data shows the value of all theme coins remained unchanged at above $62 billion.

Meme digital tokens outperformed the overall digital currency industry.

The crypto market capitalisation dropped over 2% the past 24 hours to $3.71 trillion.

The stability confirmed mild sentiments among meme tokens as bears rattle the overall market.

Could it be calm before the storm? Keep in mind that themed currencies often precede broad-based recoveries.

Meanwhile, analysts forecast bull runs in the coming months, citing key metrics. Michael van de Poppe says:

I think that we’re going to see a very soft print on the CPI, and then, going towards 50-75 bps rate cuts of the FED into the end of the year. We’re at the start of the altcoin bull run, and Bitcoin toward $1M.

Nevertheless, the current cryptocurrency landscape requires caution as volatility dominates.

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Ethereum’s Vitalik Buterin applauds Polygon for pioneering ZK technology

  • He has praised Polygon and founder Nailwal for their contribution to Ethereum’s scalability.
  • Buterin highlighted Polygon’s early leadership in zero-knowledge technology.
  • Nailwal has participated in various humanitarian acts, including funding Balvi’s pandemic research.

The cryptocurrency market remains weak as Bitcoin’s fundamentals continue to weaken.

Amid the uncertainty, Vitalik Buterin has taken it to X to publicly praise Polygon and its founder, Sandeep Nailwal, for their remarkable contributions to scaling Ethereum.

Buterin commented on Polygon’s technical breakthroughs, especially its early investment in zero-knowledge EVM (Ethereum Virtual Machine) development.

He further respected Nailwal’s humanitarian efforts that merged health initiatives with blockchain development.

I really appreciate both Sandeep Nailwal’s personal contributions and Polygon’s immensely valuable role in the Ethereum ecosystem.

Polygon’s influence on Ethereum’s growth

Buterin’s post emphasized Polygon as a cornerstone of Ethereum’s scalability, crediting the blockchain for hosting innovative applications.

For instance, Polymarket has seen remarkable traction as a non-monetary blockchain offering real-world value.

Moreover, Polygon has hosted multiple high-throughput.

It has also prioritized ZK-EVM development and research.

Vitalik applauded the project’s early collaboration with Jording Bayliba’s team, who helped the Ethereum ZK ecosystem thrive during its experimental phase.

Polygon put a lot of resources into ZK-EVM proving early on, both by bringing in Jordi Baylina’s team and through other efforts, and greatly helped in moving the space forward.

The Ethereum co-founder also praised Polygon for creating AggLayer, which aids proof aggregation.

Buterin believes these efforts reflect Polygon’s dedication to building innovative tools that strengthen the Ethereum ecosystem.

Nailwal’s humanitarian efforts

Besides Polygon’s technical success, Buterin also spotlighted Sandeep Nailwal’s humanitarian drive and personal integrity.

For instance, his CryptoRelief initiative donated crypto assets to support India’s biomedical infrastructure.

In a gesture that demonstrated Nailwal’s integrity, the Polygon co-founder refunded SHIB tokens worth $190 million that Buterin had sent to the relief fund.

Buterin later channeled these funds to launch Balvi, an anti-pandemic project focused on indoor air safety and refining global health.

He voluntarily returned $190M of the proceeds from the SHIB token that I donated, which made the whole Balvi open-source anti-airborne-disease biotech program possible and possibly accelerated our understanding of important anti-pandemic topics like clean indoor air by years.

ZK technology and what’s next

Besides his appreciation, Buterin reflected on Polygon’s current advancement crossroads.

While the POL ecosystem pioneered ZK tech, the landscape has matured.

For instance, ZK-centric teams like Risc Zero, Brevis, and Succinct Labs now work independently from L2 networks.

Buterin trusts that such separations boost specialization as each team showcases its full capabilities.

Furthermore, Buterin urged Polygon to adopt “off-the-shelf ZK tech for enhanced security within its proof-of-security chain to align with Ethereum’s vision for L2 scalability.

Indeed, ZK has adopted a user-friendly approach, with each transaction costing $0.0001 to prove.

Altcoins Ethereum and Polygon’s POL underperformed today as selling activities dominate the broader cryptocurrency landscape, losing up to 5% of their value in the past day.

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