The post Here’s Why Solana Maxis Are Bridging To Tron appeared on BitcoinEthereumNews.com.

SPONSORED POST* Lately, there have been a lot of shakeups in the crypto space, with crypto investors bridging from one chain to another. Specifically, Solana maxis have been seen bridging from the Solana chain to Tron to take advantage of the meme coin hype and to Ethereum because of ETFSwap (ETFS). Solana Maxis Bridge To Tron As Meme Coin Hype Continues Solana Maxis have been bridging to Tron as meme coins on the network continue to gain popularity. The meme coin hype on the Tron network began to gain steam following the launch of the meme coin launchpad Sun Pump, similar to Solana’s Pump Fun. This development quickly attracted the attention of Solana Maxis, especially meme coin traders who have been looking for an alternative, seeing as the meme coin ecosystem has become saturated.   This decision from Solana Maxis to bridge to Tron is evident in how Tron has sucked a significant amount of decentralized exchange (DEX) volume from Solana. Data from DeFiLlama shows that Solana’s DEX volume has dropped by over 21% this past week. At the same time, Tron’s DEX volume is up by almost 300%. This development has also positively impacted the Tron (TRX) token, which recently flipped Cardano (ADA) into the top 10 crypto by market cap. Solana Maxis Impressed By ETFSwap’s Utility  Solana Maxis have also been impressed by ETFSwap’s (ETFS) utility, which explains why they are bridging millions of dollars into Ethereum to buy the token in its ongoing presale. The Ethereum token is the native token of the ETFSwap platform, which is revolutionizing exchange-traded funds (ETF) and making it easier to access these traditional assets.  ETFSwap (ETFS) tokenizes ETFs, including crypto ETFs, and brings them onchain. As such, Solana Maxis sees this opportunity to diversify their portfolios while remaining in the decentralized space.…

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Filed under: News - @ August 25, 2024 10:42 pm