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If you’d bought Solana (CRYPTO: SOL) three years ago, you’d be sitting on impressive gains. The cryptocurrency is up 175% over that time frame (as of July 16). But like most cryptocurrencies, it’s in a slump right now, down 71% from its all-time high in January 2025.

DeFi platform Spreadefi has reported that the total volume of funds users placed in liquidity pools topped $25 million in the second quarter. For a relatively young project, that’s a significant milestone, especially with interest in the decentralized finance sector only gradually picking back up after a long stretch of subdued activity.

Summary: The fourth round of JST’s buyback and burn has concluded with higher-than-expected results. A total of over 355 million JST tokens—valued at more than $34.59 million—were burned in this round, marking the highest single-round burn by value to date.

A sudden price move triggered a cascade of forced closures across major exchanges, catching leveraged bears off guard