The Solana network has recorded significant growth in daily active users fueled by memecoins.
SOL price is well positioned to rally above $170 if Bitcoin price reclaims $100k soon.
SOL Strategies Inc. (CSE: HODL), a Canadian company dedicated to the growth and development of the Solana blockchain, announced the purchase of 122,524 SOL worth about $18,250,730 at an average price of about $148.98 per coin. At the beginning of this month, SOL Strategies announced the closing of the initial $20 million of its $500 million convertible note facility.
“These purchases directly strengthen our three-pillar strategy of enterprise-grade validators, strategic SOL holdings, and Solana technology innovation,” Leah Wald, Chief Executive Officer of SOL Strategies, noted.
Major Factors Fueling Solana Network Growth
According to a recent report by VanEck, the meteoric growth of memecoins on the Solana network is the major driver of on-chain revenues. Furthermore, memecoin trading on the Solana network accounted for 44 percent and 35 percent of all decentralized exchanges (DEX) trading in January and April 2025 respectively.
“If we exclude stablecoins, SOL, and SOL liquid staking tokens, often on the other side of trades, memecoins represent 99% of Solana trading activity in January and 95% in April. While some question the sustainability of this trend, Solana has proven its unmatched ability to process large volumes of decentralized trading,” the report noted.
Meanwhile, market data analysis from Nansen shows that the top five Solana DeFi products – including Raydium, Fluxbeam, Pump.fun, and Jupiter – recorded over 239 million users in the past 30 days.
Midterm Expectations for SOL Price
After recording a palpable growth in April, Solana price has been trapped in a correction phase in the past two weeks. The large-cap altcoin, with a fully diluted valuation of about $85 billion and a total value locked of around $7.6 billion, dropped around 2 per in the past 24 hours to trade around $142 on Tuesday, May 6, during the mid-North American session.
From a technical analysis standpoint, the SOL price is well positioned to rally towards $174 if the buyers hold above $140 in the coming days. In case of a breach of the support level around $142, SOL price will drop towards the next liquidity level around $125.
Optimum Funding:- In a major stride toward addressing blockchain scalability and state access challenges, Optimum, a Web3 infrastructure startup, has raised $11 million in a funding round led by prominent crypto investors.
The company is building a “memory layer” that aims to enable instant and permissionless access to historical on-chain data across all major blockchains.
The seed funding round was co-led by Maven 11, 1kx, and Galaxy Ventures, with participation from Hashed, Robot Ventures, and Inflection.xyz, among others.
The capital will be used to expand the team, enhance developer tools, and roll out the core infrastructure of Optimum’s memory layer across multiple ecosystems.
The investor lineup reflects growing appetite for data infrastructure in Web3.
Can Optimum Solve Blockchain’s “Amnesia Problem”?
Blockchains, by design, are optimized for consensus and verification, not for storing or querying massive amounts of historical data.
Most decentralized applications (dApps) rely on third-party indexers or off-chain solutions to access older states, creating bottlenecks, points of failure, and a lack of verifiability.
Optimum addresses what it calls the “amnesia problem” of blockchains by offering a composable memory layer that allows developers and smart contracts to fetch any historical data directly, quickly, and trustlessly.
Web3, our “world computer” lacks a high-performance memory layer. Like any computer, memory is critical for blockchains to store, access, and update data efficiently.
Instead of a proper memory architecture, blockchains currently rely on a patchwork of best-effort solutions… pic.twitter.com/2gghJx7KID
Optimum’s memory layer operates as an abstraction over multiple blockchains, storing compressed and verifiable summaries of historical state data.
It uses advanced cryptographic techniques—such as zero-knowledge proofs and succinct data commitments—to ensure data integrity and composability.
This means developers can ask questions like “What was the ETH balance of this address on June 1, 2021?” directly on-chain without relying on centralized APIs like Etherscan or The Graph.
The memory layer is designed to work across Ethereum, Solana, Cosmos, and other major Layer-1 and Layer-2 chains, positioning Optimum as a universal data availability protocol.
What’s Next?
Optimum plans to launch a testnet version of its memory layer by Q3 2025, starting with support for Ethereum and Solana.
The full mainnet rollout is scheduled for early 2026, accompanied by an SDK and GraphQL-like query language for developers.
The team is also exploring incentive models to decentralize data provisioning, including potential token rewards for nodes that contribute to the memory network.
As blockchain moves from raw ledgers to intelligent state machines, Optimum is positioning itself as the memory that powers the next generation of decentralized computing.
Dogecoin price is picking its way gingerly toward $1 after staging a recovery from a small correction. Fundamentals are bullish for DOGE, but the memecoin has to hold its own above a key support level to trigger a fresh rally.
Dogecoin Price Eyes Breakout Above $0.1850
Pseudonymous cryptocurrency analyst BitGuru says Dogecoin price can record an impressive rally above $0.1850 in the near future. According to an analysis on X, BitGuru notes that the bullish run toward $1 will occur in the next price spurt but DOGE will have to tick a few boxes.
Right off the bat, Dogecoin price will have to hold above the $0.1666 price level to trigger the rally northward of $0.1850. However, a slip below the level may see Dogecoin price fall toward $0.1524 again, dousing enthusiasm for a rally.
Doge price is staging a comeback after falling to 0.1524 in what BitGuru refers as a classic cup-shaped recovery. The charts reveal a gradual decline in DOGE price followed by a “bullish beauty” that signals a longer sustained rally.
“DOGE just completed a classic cup-shaped recovery and is stabilizing above key support,” said BitGuru. “If the price holds this level, we’re likely heading toward a fresh breakout above $0.1850 in the next leg up.
BitGuru did not give a clear timeframe for his prediction but optimism for Dogecoin price to $1 has reached a fervent pitch. At current prices, Dogecoin will have to rally by nearly 500% to reach the $1 mark buoyed by a combination of fundamentals and on-chain positives.
DOGE Numbers Are Nothing Short Of Impressive
At the moment, the metrics around DOGE are red-hot and glowing following the impressive recovery. Over the last 24 hours, Dogecoin price is up by nearly 4% while seven-day charts are indicating a near-20% increase for the memecoin.
DOGE is trying to cancel out its 30-day 5.47% decline with the new run in form as it consolidates its one-year gains. Despite the impressive figures, transaction volumes are down by 14% just shy of the $1.5 billion mark.
Amid the optimism from the just concluded DOGE day, there are fears that Dogecoin price will tumble as chatter of Elon Musk departure from DOGE gains traction.
Cryptocurrency analyst Master Kenobi argues that DOGE can reach a new all-time high within 55 days. Master Kenobi hinges his prediction on Dogecoin price breaking past a trendline with the analyst tipping a valuation of $0.90 in mid-June.
At Paris Blockchain Week, BeInCrypto sat down with Andrey Fedorov, the Chief Marketing Officer and acting Chief Business Development Officer at STON.fi, to dive deep into the platform’s mission, roadmap, and broader views on the DeFi sector.
Andrey Fedorov shared insights into how Omniston, a liquidity aggregation protocol developed by STON.fi, aims to simplify and streamline decentralized liquidity access across the TON blockchain and beyond. It presents a unified integration point for DeFi apps, liquidity providers, and users alike.
Andrey Fedorov on Omniston
Omniston is a decentralized liquidity aggregation protocol that connects DeFi apps to TON liquidity. This protocol is built for the TON blockchain, which means that when users want to swap TON-based tokens, Omniston finds the best deals. I’d say this is a protocol and not an exchange in itself, but it does connect apps, for example, for some exchanges, wallets, games, some other apps that need to access liquidity. So, there are users in these apps who want to swap and trade tokens.
Andrey Fedorov at Paris Blockchain Week
Usually, DeFi apps need to find and integrate with various liquidity sources — a process that’s time-consuming, complex, and often expensive due to the integration work involved. That’s where Omniston comes in. Basically, instead of connecting to five or ten different liquidity sources one by one, you just integrate with Omniston once. It’s like this one plug-in point.
So when a DeFi app connects to Omniston, it automatically gets access to all these different liquidity sources that are already connected. And it works both ways — liquidity providers, market makers, and anyone who has liquidity, they also get access to the user base of those apps.
And the cool thing is, anyone can plug into Omniston. If you have access to liquidity, whether it’s on-chain (like liquidity pools or vaults) or off-chain (like private funds), you can integrate through Omniston. This makes your liquidity available to all the apps connected to Omniston.
As a result, users benefit from deeper liquidity, and liquidity providers can earn yield by serving those users. We use the term “liquidity providers” broadly — it includes market makers and any other entities that can supply liquidity.
About Omniston’s roadmap
Right now, Omniston is mainly focused on providing access — so we’re not charging anything at this stage. The idea is really to drive usage. We want people to connect and start building with it. Liquidity providers can already earn money, and the same goes for DeFi apps — they can build on top of Omniston and create their own revenue models.
As for monetization on our side, we think it’ll come, but probably not in the traditional ‘pay-to-use’ way. We just launched about a month ago, so it’s still very early. The priority right now is adoption. We want to get more apps plugged in, more liquidity providers onboarded. Once we scale that up, we’ll explore monetization options — but that doesn’t necessarily mean we’ll start charging across the board.
The STON.fi team is still finalizing KPIs. We’re testing everything live — this is a working product — so we’re figuring out the numbers as we go. But if I had to name one core metric right now, it’s connectivity. We want to connect as many applications as possible, and aggregate as much liquidity as we can. That’s the north star for us.
Looking at the roadmap, the next big step is cross-chain swaps. Omniston currently runs on the TON blockchain, but we’ve already built the architecture for cross-chain functionality, and we’re actively testing it. Over the next few months, we’ll be working on integration testing.
Of course, we’re taking it step by step. The next chain will likely be Tron, and then we’ll move into EVM ecosystems. But it’s not going to be all at once — we’re rolling this out gradually.
TON — The Ideal Blockchain for Omniston?
There are two reasons why we chose TON. First, it is a technically strong blockchain. Second, it’s rapidly becoming the native chain of Telegram, which has a massive user base of over one billion people.
TON helps us access these huge markets. A technically strong blockchain plus a huge market is a good fit. Additionally, the TON ecosystem offers solid developer support and growing resources, making it a compelling platform on which to build.
I would also add that the TON ecosystem is growing very fast, with strong support from the TON Foundation. Plus, with so many projects on the chain, they craft good documentation that shows the use cases and so on. For developers building on TON, this means they benefit not just from the strong support but also from the collective experience and momentum of the broader community — which is incredibly valuable.
The Impact of Crypto and Blockchain Regulation
First of all, I don’t think regulation is a limitation per se. It’s something we monitor closely, and we take all regulatory developments into account as we grow.
I would say that Europe has made some progress over here because of MiCA. Regulation in the United States is fragmented, but we still need to watch them closely. Our goal is to remain fully compliant — and we view that as necessary and inevitable.
Promising Crypto Trends
Everybody is speaking about AI agents. The concept is definitely compelling and has strong future potential, but the challenge is that there aren’t many clear, practical use cases yet. What we need to do now is find these good use cases, and currently, I would say that there are not so many. That’s the problem. But again, we need to watch this space closely.
From what I understand, AI agents are already being used to evaluate whether there is a balance in the market. It is interesting to use them for this specific test case, but this is only one. It is the most obvious one.
There’s definitely room to explore more impactful ways to combine AI with crypto. It’s an area worth studying closely, and while we’re still in the early stages, I don’t see any fundamental limitations holding us back.
