The asset manager and crypto ETF issuer VanEck has released a report highlighting the significant gains in the memecoin sector and the performances of major cryptocurrencies like Cardano, Solana, Polkadot, and Stellar. Solana delivered a 42% return in November, reaching an all-time high of $262, largely driven by a surge in on-chain trading activity related to memecoins. Solana generated $177 million in revenue in November, benefiting projects such as Jito and Pump.fun. Cardano saw an impressive 201% increase, driven by off-chain developments and speculation surrounding its founder's influence in shaping future crypto policy. Polkadot experienced a surprising rally, with recent developments from the Mythos Chain invigorating interest. Major DeFi protocols like Aave and Uniswap demonstrated strength in terms of fee increases and market activity. Aave crossed $30 billion in deposits, positioning it among the largest banks by deposits if it were a traditional institution. Uniswap's market position was bolstered by a favorable court ruling regarding the legality of immutable smart contracts.
Solana's largest decentralized exchange unveils new swap feature, promises lowest prices for traders