1inch Launches on Solana, Plans Cross-Chain Swaps for Over 1 Million Solana Tokens

Monicah W

1inch Solana Launch

1inch Expands to Solana:– In a major move for DeFi, the multi-chain DEX aggregator 1inch has expanded to Solana. With the integration, the on-chain swaps for over 1 million tokens are now live on the network.

This means that users can now access trade and swaps for over 1 million Solana-based tokens using the DEX aggregator 1inch’s dApp.

The integration comes as Solana’s DEX activity continues to outperform. Over the past week, Solana-based DEX volume has jumped by roughly 25% to reach $19.359 billion.

With the montly Solana DEX trading volume hitting $50.7 and 16% week-over-week gain, it has surpassed Ethereum’s Layer-2s.

Why is 1inch Integrating on Solana

1inch’s decision to integrate with Solana is driven first and foremost by performance. Solana processes roughly five times the number of transactions Ethereum does over a similar period.

In the past three months, Solana network has handled 4.8 billion transactions and served 224 million active addresses. In counterpart, Ethereum stands at 1 billion transactions and 78 million addresses.

Its sub-second block times and single-digit cent fees combined with 1inch’s intent-based trading architecture is set to provide users with the efficient execution of swap orders.

There is no explicit market reaction as of now. After the 1inch Solana news, $1INCH token is trading at the current Price of $0.58 with 24 h change standing at +2.3%

Solana DEX Volume

Brings In Fusion Protocol and APIs

Apart from the On-chain swaps, 1inch has also bring in Fusion protocol and six developer APIs to the leading blockchain network, Solana.

With its first deployment of Fusion protocol, this will allow users to place swap orders in an intent-based trading system. Such orders are executed by professional market makers called resolvers which use all the available liquidity sources.

In this system, users are also allowed to define their desired trade parameters. Based on the paramenters, the resolvers compete to fill the orders under Dutch auction mechanics.

In Dutch mechanism, the exchange rate starts high and gradually decreases until a resolver accepts the order. This ensures minimum slippage and maximum liquidity aggregation.

Further, for developers, 1inch Developer Portal’s existing toolkit of APIs now immediately gains Solana support.

According to its blog post, this includes Swap API, Balance API, Token API, Spot Price API, Transaction Gateway API, Gas Price API, Cross-chain API.

This move comes as a boost for the second-largest DEX inch’s vision of creating a “unified multi-chain” DeFi ecosystem.

Top Solana tokens that will available on 1inch include naitve Solana (SOL),  Jupiter (JUP), Raydium (RAY), Bonk (BONK) among others.

What’s Next

To begin swapping on Solana through 1inch, users can now connect their Phantom or Trust Wallet via WalletConnect. 1inch told Coingape that the team has confirmed that support for additional wallets is on the way.

1inch has also revealed plans to roll out cross-chain functionality in the coming months. This willl allow swaps between Solana and more than 10 other blockchains supported by 1inch.

The ten EVM-compatible networks that it currently supports are Ethereum, BNB Chain, Polygon, Avalanche, Fantom, Arbitrum, Optimism, Gnosis Chain, Base and zkSync Era.

With cross-chain swaps soon to roll out, liquidity fragmentation across major chains would shrink.

Besides boosting DeFi significntly, this will bring in a unified trading experience for users and help onboarding new users at scale.

 

Also Read: How High Can XRP Price Go!

The post 1inch Launches on Solana, Plans Cross-Chain Swaps for Over 1 Million Solana Tokens appeared first on CoinGape.

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Why MSTR Stock Price Crashed 10% After Trump Signed Strategic Bitcoin Reserve Executive Order?

Why MSTR Stock Price Crashed 10% After Trump Signed Strategic Bitcoin Reserve Executive Order?

The Donald Trump Executive Order signing for the Bitcoin Reserve is one of the industry’s biggest events. However, the market has witnessed an unaffected outcome, especially with MicroStrategy Stock. Since the signing, the MSTR Stock price has crashed 10%, showing the hidden bearish factor of the announcement.

Not only that, the Bitcoin price crashed 5% as well, whereas the rest of the crypto market witnessed recovery. Let’s discuss what went wrong with this bullish news.

Top Reasons Why MSTR Stock Price Crashed 10% Today

The crypto investors’ sentiments are a major factor in the MSTR stock price performance. Their bullish outlook on the situation helps it grow, but a bearish outlook leads to a decline in value. Although Trump’s approval of the Bitcoin Reserve is bullish news, there’s quite a lack of clarity on many factors.

This affected the investors’ sentiments and fueled the selling emotions. In the end, the MicroStrategy stock price declined 10%, currently trading at $304.11.

MSTR stock price crash

Overbuilt Market Expectations Led to a Sell-Off

The primary reasons for the decline in the MSTR stock price are simple and explain the intricacies of the market. The investors were awaiting a much bigger and better announcement and have placed their trades accordingly. Some even anticipated that the U.S. government would buy billions of Bitcoin for the reserve and bring the market uptrend.

However, the opposite happened, as David Sacks’s announcement revealed that no buying would be made. Instead, the reserve of criminal and civil counterfeited seized assets will be used.

Bitcoin Reserve Announcement

The announcement fell short of expectations, resulting in a massive sell-off. This is a common phenomenon called “buy the rumor and sell the news,” which resulted in people profit-taking on what they could and selling.

As a result, this news has brought Bitcoin and BTC-related stocks to a more organic trading pattern, as previous speculations and institutional buyers like MicroStrategy fueled it.

MicroStrategy’s Role as a Bitcoin Proxy Changed Overnight

With its Bitcoin buying strategy, MicroStrategy has built a significant image in the market. The endorsements of the founder, Michael Saylor, and the BTC buying have affected the entire crypto market. More importantly, with a 165% return on its BTC investment, MSTR is among the top-performing stocks. As a result, it is often viewed as an alternative to Bitcoin.

Microstrategy yearly return

Additionally, the regulatory uncertainty around the digital currency made it superior. However, Donald Trump is hosting the Crypto Summit and the executive order, which is bringing better regulatory clarity to Bitcoin and increasing confidence in this digital asset.

As a result, some market participants moved from MSTR and into Bitcoin itself, causing downward pressure on MSTR.

What’s Next for MSTR Stock and Bitcoin Price?

The MSTR stock price crash has raised investors’ concerns over its performance with the Bitcoin Reserve in the picture. However, investors must keep a broader vision in mind, as there is likely to be short-term selling pressure. More importantly, its fundamentals remain the same.

The firm still holds a massive BTC treasure and serves the purpose of the adjacent asset. Although the future of Bitcoin price actions seems optimistic with the Bitcoin Reserve, the uncertainty may keep it in control.

As a result, the performance of the MicroStrategy stock will also depend on this digital asset. Investors must closely monitor the news around this subject and trade accordingly.

The post Why MSTR Stock Price Crashed 10% After Trump Signed Strategic Bitcoin Reserve Executive Order? appeared first on CoinGape.

Fair Bitcoin Price is $130k, not $90k, Says Crypto Pundit & Founder

Fair Bitcoin Price is $130k, not $90k, Says Crypto Pundit & Founder

The recent Bitcoin (BTC) rally has pushed it from $80k to $90k in a few days, flipping crypto market sentiment bullish. However, a closer look at BTC’s energy value suggests a fair Bitcoin price is $130k instead of where it currently trades – $90k, a whopping 40% discount. 

Fair Bitcoin Price is $130k, Says Crypto Pundit

According to Charles Edwards, founder of Capriole Investments, Bitcoin’s Energy Value is the “intrinsic value of Bitcoin as calculated by Joules of energy input only.” Based on this indicator, the fair value of Bitcoin price should be around $130k, but BTC’s price today trades at roughly $93k, which is a 40% discount. 

“We are one year post Halving and Bitcoin is trading at a whopping 40% discount to its intrinsic value.”

While this is an interesting proposition, a better look at fair value is the average cost required to mine a BTC. Based on MicroMacro data, this value stands at $96k, just $3,000 higher the current price of $93k

Fair Bitcoin Price is $130k, not $90k, Says Crypto Pundit & Founder
Bitcoin Price vs. Average Mining Cost per BTC

Regardless of what is fair value, let’s explore Bitcoin technical analysis and what to expect next in the short and mid-term timeframes. 

Bitcoin Technical Analysis: What’s next for BTC?

On a daily timeframe, there are three key value areas to note. These zones are where  68% of the volume was traded when Bitcoin price consolidated for long durations.

  1. BTC consolidated for three months in late 2024, creating a value area between $93k to $103k. A breakdown of this balanced area led to an 18% correction.
  2. The 18% correction was followed by another rangebound movement that created the 2nd value area, extending from $81k to $88k.

After the recent 20% rally in Bitcoin price in April, BTC is knocking on the lower limit of the $93k to $103k value area. If bulls manage to flip and hold above $93k, there is a good chance of price rotating back to value area high of $103k.

Fair Bitcoin Price is $130k, not $90k, Says Crypto Pundit & Founder
BTC/USDT 1-day chart

On the other hand a rejection at 93k and reentry into the $81k to $88k zone will likely invalidated of recent created higher lows at $83k and revisit $81k. In a dire case, Bitcoin might look at revisit the eight month consolidation area where value extends from $70k to $60k. This is the third key value area.

The highest traded volume inside this range is around $65k, which many crypto analysts and traders expect to be the bottom should the uptrend fail to manifest. 

To conclude, there are two key levels that Bitcoin price prediction notes regardless of where the fair value is – $93k and $88k. Strong buying activity will lead to a push toward $100k and higher. Rejection, on the other hand, could lead to a revisit of $70k or lower.

The post Fair Bitcoin Price is $130k, not $90k, Says Crypto Pundit & Founder appeared first on CoinGape.

Cardano Whales Start Buying Again as ADA Price Holds a Tight Range

Cardano (ADA) has climbed over 15% in the past week, continuing to push higher despite a 27% drop in trading volume over the last 24 hours. While momentum indicators and whale activity still lean bullish, signs of consolidation are emerging as ADA trades near key support and resistance levels.

Whether ADA breaks higher or pulls back may depend on how it reacts to the critical $0.668–$0.709 range in the coming days.

Is Cardano’s Rally Losing Steam or Just Catching Its Breath?

Cardano Average Directional Index (ADX) is currently at 30.17, easing slightly from yesterday’s 32.76 after a sharp surge from 14.90 two days ago.

This rapid climb signals a strengthening trend that has recently stabilized, with Cardano community challenging Charles Hoskinson on roadmap promises.

Despite the minor pullback in ADX, ADA remains firmly in an uptrend, indicating that bullish momentum is still present, though perhaps cooling slightly after an intense acceleration.

ADA ADX.
ADA ADX. Source: TradingView.

The ADX is a trend strength indicator that ranges from 0 to 100. It does not indicate direction—only the strength of a trend. Readings below 20 suggest a weak or non-existent trend, while values above 25 typically confirm a strong trend.

ADA’s current ADX at 30.17 reflects a healthy uptrend still in play, although the slight dip may suggest the trend’s momentum is stabilizing rather than accelerating.

As long as ADA maintains this level, the uptrend remains intact, but traders should watch for any further decline in ADX that could hint at waning strength.

Cardano Whales Return—Is Accumulation Back On?

The number of Cardano whale addresses—wallets holding between 1 million and 10 million ADA—has slightly increased to 2,408, up from 2,405 on April 22.

This follows a brief decline from 2,421 on April 20, suggesting a small but notable return of larger holders after a short distribution period.

While the change may seem minimal, it marks a potential shift in sentiment among high-stake investors, who often play a key role in driving price trends due to the sheer volume of assets they control.

Addresses Holding Between 1 Million and 10 Million ADA.
Addresses Holding Between 1 Million and 10 Million ADA. Source: Santiment.

Tracking whale activity is crucial because these large holders can significantly influence the market. When whales accumulate, it’s often viewed as a sign of confidence and can act as a leading indicator of upward price movement.

Conversely, when whales begin to offload their holdings, it may signal weakening conviction or an expectation of short-term price drops.

The recent uptick from 2,405 to 2,408 may indicate a renewed interest among whales in accumulating ADA, hinting at a possible rebound or continued strength in price—especially if this trend continues.

ADA’s Uptrend Holds, But Key Support Must Survive

According to its EMA lines, Cardano price remains in an uptrend, with short-term moving averages still above the long-term ones—a classic sign of sustained bullish momentum.

This alignment suggests the broader trend favors the bulls despite recent price consolidation.

ADA Price Analysis.
ADA Price Analysis. Source: TradingView.

However, ADA is trading within a tight range, facing resistance at $0.709 and supported at $0.668, setting the stage for a potential breakout or breakdown.

If the $0.668 support is tested and fails, ADA could decline toward the next support level at $0.634, and a deeper slide might push it down to $0.59, marking a more significant correction.

Conversely, a clean break above $0.709 resistance would likely trigger renewed bullish momentum, with the next upside target around $0.77.

The post Cardano Whales Start Buying Again as ADA Price Holds a Tight Range appeared first on BeInCrypto.