Crypto Rebounds in October; Solana Leads Rally as Layer 2s Gain Traction
-
Solana's SOL token gained 50% in October and is up over 250% year-to-date, rebounding after skepticism over the blockchain's future post-FTX collapse.
-
Bitcoin gained 23% in October, hitting a 16-month high, while Ether had a more modest 3% gain for the month.
-
Attorneys for Sam Bankman-Fried are trying to use FTX's English law-governed terms of service to argue for "not guilty" verdicts on some charges.
-
Bitcoin miners like Riot Platforms and CleanSpark are consolidating market share with low-cost, industrial-scale operations, especially in North America.
-
The total value locked in Layer 2 scaling solutions hit a record high of nearly $12 billion in Q3, accounting for two-thirds of Ethereum transactions.