Advertise your product or service? Contact us on Discord.

Bonk Inu Takes Solana by Storm

By: illustrious
January 7, 2023 4:00 AM EDT
Twitter Share

Bonk Inu (BONK) is a Shiba Inu-inspired meme coin that launched on Christmas day in 2022. From FTX going bankrupt to DeGods/y00ts migrating chains, Solana has seen it all. Sentiment on NFT Twitter was down, but BONK contributed to an important sentiment shift in the broader ecosystem.

A team of 22 individuals launched BONK and proceeded to airdrop 50% of the supply to the Solana ecosystem, which lead to instant interest and community hype.

The token pumped up to +3,200% in only a few weeks, reviving the ecosystem and the sentiment surrounding Solana. In one day, it reached over $6 million volume, bringing decentralized exchange Orca to the 10th largest DEX by volume on January 2nd across crypto.

Active addresses on Solana reached 678k following the airdrop, the highest since the FTX bankruptcy.

Daily Active Addresses on Solana, Polygon, and Ethereum
Source: Artemis- Daily Active Addresses

BONK also sparked a wave of liquidity, increasing NFT volume. The SolanaFloor NFT index reached an all-time high of 140◎ during this liquidity flow.

SolanaFloor's Blue Chip NFT Index
Source: SolanaFloor - NFT Index

An excerpt from an article written by Step Data Insights says, "Data and sentiment show that BONK acted as a proof of life for the Solana ecosystem. It is showing the crypto world that Solana is well and alive and that its price doesn’t represent its fundamentals."

Always experimenting.

Recent News

banner image of nft

DRiP Hits Milestone: Surpasses 25 Million Collectibles

By: illustrious
August 14, 2023 5:03 PM EDT
DRiP has achieved a new milestone, surpassing its 25 millionth collectible. This feat underscores its unique approach to digital assets, emphasizing mass engagement over rarity. Leveraging Solana's efficiency and a creator-centric model, DRiP's influence in the NFT space continues to soar.
banner image of nft

Solana's TVL Hits 2023 Highs at $325 Million

By: illustrious
August 12, 2023 3:53 PM EDT
Solana's 2023 TVL peaks, highlighting increased trust and adoption. Key drivers: innovative protocols, user-friendly platforms, key partnerships, and enhanced security. Its rise underscores Solana's growing DeFi dominance.

© 2023 SolanaFloor