Onchain Weekly Digest: Trump Says U.S. Will ‘Dominate Crypto’
SOL Futures ETF launch, memecoins surge, and onchain activity stays hot...
Overview
Last week, the SOL Futures ETF launched on CME. Trump made headlines by pledging the U.S. will “dominate crypto.” Sonic’s TVL hit $933M, Raydium launched a new token launchpad, and Robinhood entered prediction markets. NFT volume dipped to $55M, while memecoins surged to a $51.4B market cap and $5.67B in daily volume.
Key Events of the Week
ETF ｜ SOL Futures ETF launched on CME the 17th Mar (18 Mar)
SOL Futures ETF had $12.3M trading volume with $7.8M open interest.
US Macro | Trump promises US will ‘dominate crypto’ (20 Mar)
The first sitting president to address a crypto conference says the US is positioned to “dominate crypto and the next generation of financial technologies”
Other Events
Dex | Sonic TVL and MAU are rising (17 Mar)
Sonic TVL rises to $933M while its daily active user base comes to 41K.
Prediction market | Robinhood launches prediction markets (18 Mar)
Robinhood is starting with politics, economics and sports, and we will continue to broaden the coverage over time.
DEX | Raydium launching new token launchpad (18 Mar)
Raydium is launching a token launchpad, called LaunchLab, that will initially resemble pump.fun.
NFT
Over the past week, NFT marketplace volume went down to $55M from $60M one week ago. Ethereum claimed the top spot with a 59.5% market share while with $32.7M chain volume.
Credit to : TheNFTPulse
Memecoin
Over the past week, the market cap for memecoins reached $51.4B on March 24th, marking a 4.23% increase from the previous week.
Meanwhile, daily trading volume came to $5.67B on March 24th, reflecting a 14.46% increase compared to last week.
Credit to : CoinMarketCap
