Chainlink Leads: The Most Developed Project in the Solana Ecosystem

According to Santiment data, developers contributed the most to Chainlink (LINK) over the past 30 days. Chainlink’s oracle infrastructure plays a critical role for many networks especially Solana which explains why it ranks far ahead in development activity.

Following Chainlink, Solana (SOL) itself ranks second, supported by ongoing development efforts focused on its core infrastructure. Developers continue to work intensely to enhance Solana’s technical strengths, including high performance, low fees, and parallel processing capabilities.

Notable Projects in the Top 10

Santiment’s latest ranking is as follows:

1. Chainlink (LINK)
2. Solana (SOL)
3. Wormhole (W)
4. Drift Protocol (DRIFT)
5. JITO (JTO)
6. Swarms (SWARMS)
7. Pyth Network (PYTH)
8. Helium (HNT)
9. Meteora (MET)
10. Orca (ORCA)

This list shows that the Solana ecosystem is receiving strong development both in infrastructure projects (Wormhole, Pyth, JITO) and application-level DeFi protocols (Drift, Orca, Meteora). This is seen as a clear sign that the Solana network enjoys solid support from its developer community.

Price Performance Fails to Match Developer Activity

Even though development remains strong, the price performance of many Solana ecosystem projects has not kept pace. Over the past 30 days, only Swarms (SWARMS) managed to record relatively smaller losses, while notable projects such as JITO, Helium, Orca, and Wormhole experienced declines nearing double digits.

This divergence confirms once again that price movements in crypto are often driven by short-term sentiment, whereas development activity reflects long-term potential. Experts believe that this strong technical progress across the Solana ecosystem could eventually translate into improved price performance in the coming periods.

Solana’s Ecosystem Is Strengthening Technically

The high level of development activity across Solana-based projects shows strong developer support and a powerful technical momentum within the ecosystem. Despite short-term weakness in prices:

• the steady improvement of infrastructure projects,
• the growth of oracle and data solutions,
• the continuous renewal of DeFi protocols

are all strengthening Solana’s long-term potential.

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The post The Solana Altcoins Developers Are Most Focused On Have Been Revealed! appeared first on Coin Engineer.

Wormhole Reserve: A Value-Backed Growth Pool

The reserve will function as a central hub where revenues from Wormhole, Portal, and ecosystem-based applications are accumulated. By channeling ecosystem-generated income into this pool, the value is directly tied to the $W token.

According to Wormhole:

• As network adoption expands, more value will flow back into the ecosystem and $W.

• Fees from Portal, new applications, and cross-chain services will continuously feed into the reserve.

• This system ensures that ecosystem growth directly supports the $W token in a sustainable way.

Staking and Governance: A 4% Baseline Yield

Alongside the reserve, Wormhole 2.0 brings an upgrade to staking. $W holders who participate in governance will now benefit from a 4% base yield. Users who actively engage with ecosystem applications can unlock even higher returns.

One standout feature is that the $W token will not be inflationary. The total supply remains capped at 10 billion tokens, and staking rewards will be funded entirely by protocol-generated revenues. Additionally, the Portal Earn feature allows users to collect points that can further boost their staking yield.

Token Unlocks: Transition to a Balanced Model

Wormhole has also redesigned its token release schedule to avoid market shocks. Previously, large cliff unlocks occurred annually, which sometimes put selling pressure on the token. Under the new model:

• Starting October 3, 2025, unlocks will occur every two weeks.

• Tokens allocated to guardian nodes, the community, ecosystem initiatives, and strategic partners will be distributed gradually over 4.5 years.

• The foundation treasury and core contributors will maintain a similar distribution plan as before.

This adjustment is expected to reduce sudden supply surges and contribute to long-term stability.

Building the Internet Economy Across Chains

Looking ahead, Wormhole’s vision is to position itself as the core bridge infrastructure for the internet economy, connecting traditional financial markets with the crypto-native world.

Future development priorities include:

• Expanding user-facing products like Portal,

• Scaling smart contract services such as NTT, Settlement, and Queries,

• Encouraging institutional-grade asset adoption through Wormhole’s infrastructure.

By combining a sustainable revenue model with innovative cross-chain solutions, Wormhole is setting the stage to strengthen its role as a critical backbone of the multi-chain future.

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The post Wormhole Announces New System for Accumulating Reserves! appeared first on Coin Engineer.

Biggest Gainers 

The largest increase was seen in UCHAIN, which surged 1086% in the last 24 hours to reach $895.32. Mitosis rose 121.8% to $0.2945. Pyth Network increased by 96.5% to $0.231. Pepecoin gained 25% to $0.0004491. Paycoin and Hey Anon rose 20.2% and 20.5%, respectively. BUILDon increased 18.7%, while Wormhole gained 19.6%, attracting investor attention. 

These gains indicate strong buying demand in the crypto market. Investors are closely monitoring short-term opportunities. 

Biggest Losers 

FARTFUL was the biggest loser, falling 73.3% to $0.0396. Baby Solana and Worthless lost 29.8% and 29.9%, respectively. Numeraire decreased 24.2% to $16.44. OpenVPP fell 19.5%, while Zora and Bobo Coin dropped 17.4% and 16.3%. Treehouse declined 13.4%, making the list of top losers. 

These losses require investors to be cautious with their portfolios. At the same time, market volatility also provides short-term opportunities. 

On Binance, some coins are also gaining attention. Wormhole (W) rose 21%, CTSI increased 11%, and HEI gained 8%. These movements show that Binance users are actively seeking short-term opportunities. Overall, buying demand in the market is increasing. 

Today’s trending coins clearly boost investor interest. UCHAIN, Mitosis, and Pyth Network delivered major gains, while some altcoins experienced significant losses. Investors can update both profit and risk management strategies accordingly, and those tracking market trends can seize timely opportunities. 

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The post Today’s Crypto Trends and Biggest Gainers and Losers! appeared first on Coin Engineer.

$AVAIL Airdrop Opportunity on Binance Alpha 

Users with over 243 Binance Alpha points earned the right to receive a total of 2,667 $AVAIL tokens via airdrop. To claim their tokens, users must spend 15 Alpha points. The airdrop takes place in two phases: 

• Phase 1 (First 18 Hours): Users with at least 243 Alpha points can claim the airdrop. 
• Phase 2 (Last 6 Hours): Users with at least 199 Alpha points can participate in the airdrop on a first-come, first-served basis until the airdrop pool is fully distributed or the event ends, each receiving 2,667 $AVAIL tokens. 

What is $AVAIL? 

$AVAIL is a token listed on the Binance Alpha platform that offers innovative solutions in the Web3 ecosystem. Primarily used in decentralized finance (DeFi) and gaming projects, $AVAIL facilitates platform transactions and plays a role in staking, governance, and reward mechanisms. 

With trading competitions and airdrops on Binance Alpha, $AVAIL gives users early access and investment opportunities, attracting investors with its fast-growing token economy. 

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Bearish Scenario

• If daily closes occur below the current support, Wormhole could see extended losses.
• $0.05 remains the key support level to watch.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Bullish Scenario

• A breakout from the downtrend could push Wormhole toward the bearish FVG zone.
• If the FVG zone is broken, the next resistance will be at $0.133.

Wormhole is at a critical decision point! Stay tuned for real-time updates and market insights.

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Ethereum Compatibility and High Performance

Converge is fully compatible with the Ethereum Virtual Machine (EVM), allowing it to seamlessly run Ethereum-based smart contracts and decentralized applications (dApps). This ensures that existing DeFi protocols and tools can operate on the Converge network without any need for modification.

The network’s initial partners include prominent DeFi projects such as Pendle, Avara (the parent company of Aave Labs), Ethereal, Morpho, and Maple Finance. Custody services will be provided by industry leaders Copper, Fireblocks, Komainu, and Zodia. Interoperability will be supported through LayerZero and Wormhole, while RedStone will handle oracle services.

Ethena and Securitize Make a Major Move

Ethena is preparing to migrate its $6 billion DeFi ecosystem to the Converge network. The company will also offer its yield-bearing USDe token and BUIDL-backed USDtb stablecoin on the platform. At the same time, Securitize will bring its tokenized real world assets to Converge, including BlackRock’s BUIDL token and the newly issued Apollo credit fund token.

You Might Be Interested In: Elon Musk Talks About the Name of a New Memecoin!

Ethena’s native governance token, ENA, will serve as a stakeable asset on the network through sENA, securing the blockchain with a permissioned validator set operated by traditional financial institutions and centralized exchanges. In addition, both USDe and USDtb tokens will function as gas tokens for the Converge network.

New Opportunities for Institutional Investors

Securitize CEO Carlos Domingo stated, “Tokenization by itself is just putting securities on another ledger. But when combined with DeFi innovations, tokenization can unlock massive opportunities.” Ethena Founder Guy Young added that Converge will enable traditional assets to be brought on-chain, creating custom money markets and allowing for the trading of assets that currently do not exist on-chain.

Designed for institutional players, Converge offers a public open network wrapped in a KYC protocol that verifies users’ identities beyond simply whitelisting wallets. This structure ensures a secure and compliant DeFi environment for investors dealing with regulated financial instruments.

Will Converge Become the Future Blockchain Platform?

Converge is expected to become one of the largest platforms that unites traditional and decentralized finance in the coming years. It aims to serve as a critical bridge that allows institutional investors to step into the DeFi world with confidence.

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Key Intraday Levels for Bitcoin

A rising wedge pattern is forming for Bitcoin (BTC), and the direction of the breakout is crucial. If the structure breaks downward, a correction may begin. Key support levels for Bitcoin are at 75,800 and 72,800.

Ethereum (ETH): The ETH/USDT pair has gained 4.26% in the last 24 hours and is currently trading at $3,027. Resistance levels for ETH are at $3,122 and then $3,380, while support levels are at $2,780 and $2,620 if the price falls below this zone.

Drift (DRIFT): The DRIFT/USDT pair has surged 88.32% in the last 24 hours and is now trading at $1.74. Resistance levels for DRIFT are at $1.98 and $2.1, with support zones at $1.45 and $1 if the decline deepens.

Wormhole (W): The W/USDT pair has gained 9.34% in the last 24 hours, trading at $0.257. Resistance levels are at $0.28 and $0.32, while support levels are at $0.245 and $0.21 in case of a further drop.

Sui (SUI): The SUI/USDT pair has gained 0.47% over the past 24 hours and is currently at $2.31. Resistance levels are $2.31 and $2.36, with support at $2.23 and $2.07 for deeper declines.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Drift Protocol (DRIFT), Swell (SWELL), and Grass (GRASS). The top gainers include Drift Protocol (DRIFT), PepeCoin (PEPECOIN), and Kamino (KMNO), while the biggest losers are Maple (MPL), ALEO (ALEO), and Moonwell (WELL).

Bitcoin Liquidation Map

Looking at the 12-hour liquidation map for Bitcoin, there is a notable liquidation level at $77,462 with $66.77 million at the upper side. On the lower side, $75,905 is highlighted with $66.77 million.

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Bitcoin Intraday Key Levels

The BTC/USDT pair has risen 8.45% in the last 24 hours, currently trading at $74,665. If the uptrend continues, the next resistance levels could be $74,400 and $75,000. Support levels are at $72,600 and $69,600.

Ethereum (ETH): The ETH/USDT pair has gained 8.53% in the last 24 hours and is currently trading at $2,644. Resistance levels are $2,650 and $2,770, with support at $2,540 and $2,470.

Wormhole (W): The W/USDT pair has risen by 8.85% in the last 24 hours, currently at $0.22. Resistance levels are $0.23 and $0.26, with support at $0.19 and $0.16 if the decline deepens.

Toncoin (TON): The TON/USDT pair has gained 3.97%, currently at $4.78. Resistance levels are $4.80 and $5.07, with support at $4.60 and $4.40.

Tensor (TNSR): The TNSR/USDT pair has risen by 16.74%, currently at $0.39. Resistance levels are $0.40 and $0.50, with support at $0.355 and $0.31 if the decline deepens.

Trending Coins

In the last 24 hours, the most trending coins in the crypto market are Nym (NYM), MAGA (TRUMP), and Panther AI (PAI). The biggest gainers include Goatseus Maximus (GOAT), Non-Playable Coin (NPC), and SPX6900 (SPX). The top losers are PAX Gold (PAXG), Tether Gold (XAUT), and Ultima (ULTIMA).

Bitcoin Liquidation Map

Looking at Bitcoin’s 12-hour liquidation map, the most notable liquidation at the top is $116 million at the $75,999 level. At the bottom, the significant liquidation is $79 million at the $73,201 level.

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The post Bitcoin and Cryptocurrency Market Update – November 6 appeared first on Coin Engineer.

Among the most notable unlocks is a massive $254.5 million worth of AVAX tokens set to be released on August 20th. Avalanche, a popular layer-1 blockchain platform, has seen substantial growth in recent months, and this upcoming unlock could further fuel its momentum or introduce some selling pressure.

Other significant token unlocks in August include:

Wormhole: $154 million on August 3rd
Aptos: $74.6 million on August 12th
The Sandbox: $66.2 million on August 14th
Arbitrum: $63 million on August 16th
Optimism: $51 million on August 31st
IMX: $46 million on August 9th
SUI: $46 million on August 1st
STRK: $31 million on August 15th
ZETA: $30 million on August 1st

The post $800 Million in Tokens Set to Unlock in August as Crypto Projects Ramp Up appeared first on Coin Engineer.

The individual responsible for the notorious hack incident that resulted in the theft of over 80,000 ETH from Wormhole in 2022 briefly found themselves eligible to receive an undisclosed amount of airdropped W tokens, according to pseudonymous blockchain researcher Pland.

In a social media post on X, Pland humorously remarked:

“Wormhole forgot to exclude the exploiter from the airdrop.”

Degen News verified the discovery, revealing that four Solana wallets linked to the hacker could claim $52,700 worth of W tokens.

Austin Federa, head of strategy at Solana Foundation, found humor in the situation, commenting:

“This is actually an incredible commitment to protocol neutrality.”

However, news of this incident prompted widespread community scrutiny, leading the Wormhole team to revoke eligibility for these addresses. CryptoSlate confirmed the exclusion of these addresses through the Airdrop Checker website.

Wormhole Airdrop

The interoperability protocol Wormhole launched its native W token on April 3, receiving widespread acclaim from the crypto community.

The event also attracted attention from malicious actors spreading phishing links related to the event.

Blockchain sleuth ZachXBT revealed the presence of “tons of accounts with gold checkmarks in the replies posting phishing scams.”

Similarly, web3 security firm Scam Sniffer reported that its extension tool “alerted users to as many as 18 fake accounts related” to Wormhole, adding that over 100 phishing sites linked to Wormhole have been added to their blocklist.

“Every airdrop presents a prime opportunity for scammers. Stay alert and protect your assets,” Scam Sniffer advised.

W Down 25%

Meanwhile, the value of W experienced a significant decline of over 25% during its first 24 hours of trading as claimers from the airdrop cashed in on their assets.

According to CoinMarketCap data, the digital asset’s value surged to as high as $1.59 before sharply dropping to $1.15 as of press time.

Despite the decrease, several major exchanges, including Binance and OKX, have listed W on their platforms, propelling its trading volume into the top 10 of the most traded assets in the past day.

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