MarketAlert – Real-Time Market & Crypto News, Analysis & AlertsMarketAlert – Real-Time Market & Crypto News, Analysis & Alerts
Font ResizerAa
  • Crypto News
    • Altcoins
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
    • Press Releases
    • Latest News
  • Blockchain Technology
    • Blockchain Developments
    • Blockchain Security
    • Layer 2 Solutions
    • Smart Contracts
  • Interviews
    • Crypto Investor Interviews
    • Developer Interviews
    • Founder Interviews
    • Industry Leader Insights
  • Regulations & Policies
    • Country-Specific Regulations
    • Crypto Taxation
    • Global Regulations
    • Government Policies
  • Learn
    • Crypto for Beginners
    • DeFi Guides
    • NFT Guides
    • Staking Guides
    • Trading Strategies
  • Research & Analysis
    • Blockchain Research
    • Coin Research
    • DeFi Research
    • Market Analysis
    • Regulation Reports
Reading: Grayscale Says Solana is ‘Crypto’s Financial Bazaar’ as Snorter Token’s $5M Presale Surges
Share
Font ResizerAa
MarketAlert – Real-Time Market & Crypto News, Analysis & AlertsMarketAlert – Real-Time Market & Crypto News, Analysis & Alerts
Search
  • Crypto News
    • Altcoins
    • Bitcoin
    • Blockchain
    • DeFi
    • Ethereum
    • NFTs
    • Press Releases
    • Latest News
  • Blockchain Technology
    • Blockchain Developments
    • Blockchain Security
    • Layer 2 Solutions
    • Smart Contracts
  • Interviews
    • Crypto Investor Interviews
    • Developer Interviews
    • Founder Interviews
    • Industry Leader Insights
  • Regulations & Policies
    • Country-Specific Regulations
    • Crypto Taxation
    • Global Regulations
    • Government Policies
  • Learn
    • Crypto for Beginners
    • DeFi Guides
    • NFT Guides
    • Staking Guides
    • Trading Strategies
  • Research & Analysis
    • Blockchain Research
    • Coin Research
    • DeFi Research
    • Market Analysis
    • Regulation Reports
Have an existing account? Sign In
Follow US
© Market Alert News. All Rights Reserved.
  • bitcoinBitcoin(BTC)$67,323.00-2.89%
  • ethereumEthereum(ETH)$2,004.35-3.28%
  • tetherTether(USDT)$1.00-0.01%
  • rippleXRP(XRP)$1.39-5.39%
  • binancecoinBNB(BNB)$620.17-2.02%
  • usd-coinUSDC(USDC)$1.000.01%
  • solanaSolana(SOL)$85.38-3.97%
  • tronTRON(TRX)$0.285210-0.10%
  • dogecoinDogecoin(DOGE)$0.096081-7.36%
  • Figure HelocFigure Heloc(FIGR_HELOC)$1.03-0.11%
Ethereum

Grayscale Says Solana is ‘Crypto’s Financial Bazaar’ as Snorter Token’s $5M Presale Surges

Last updated: October 19, 2025 6:00 pm
Published: 4 months ago
Share

Snorter Token’s ($SNORT) $5M presale is set to end in little over 24 hours, which means the buy-in window is closing fast.

Grayscale just called Solana ‘crypto’s financial bazaar’ in a research note published on October 10.

As the note details, Solana outperforms all chains in terms of daily users, daily transactions, and transactions per second (TPS), despite losing the market cap battle in favor of Ethereum and BNB Chain.

The reason is simple: Solana has something for everyone, showcasing great ‘depth and diversity in its on-chain activity’.

This explains why Solana earns over $425M in monthly fees or $5B per year, which is a direct measurement of a platform’s usage meter.

Grayscale’s assessment could fuel $SOL’s chart run and create the perfect environment for projects like Snorter Token ($SNORT) to dominate, as the presale is little over 24h away from its completion.

Snorter Token supports one of the most ravenous coin hunters on the market: the sniper rifle-trained Aardvark, showcasing pinpoint accuracy and an insatiable appetite for hot tokens.

Solana is one of the fastest-growing ecosystems of 2025 and another Grayscale report, this time from July 2024, showcases just that.

Between 2024 and 2025, Solana’s market cap grew by 63.9%, while its transaction volume exploded from 27,297 to today’s 96,220 for a massive 252.4%. The daily fee revenue also went up by 981.8%, from $207.7 to $2,247.

DeFiLlama shows numbers consistent with these observations, with Solana recording 2.6M daily active addresses and racking in between $300M and $450M in fees monthly.

But what’s behind Solana’s meteoric growth? One word: performance. Solana can produce new blocks every 400 milliseconds with a finality time of roughly 12-13 seconds. All this on an average transaction fee plan of only $0.02.

In this context, it’s understandable why investors would favor Solana over any other chain and much of it comes down to the ecosystem’s high throughput. As Chainspect shows, Solana ranks second in terms of TPS, right after ICP, making it one of the fastest blockchains today.

The only thing holding it back is the finality time of 12 to 13 seconds, which Alpenglow seeks to address directly.

Alpenglow’s developmental process, together with Grayscale’s assessment, sound extremely bullish for $SOL, which is currently retesting the $190 threshold.

Until $SOL gets back on track, Snorter Token ($SNORT) is already making gains, with the project reaching its $5M milestone in presale recently.

Snorter Token ($SNORT) is one of the most promising coin hunting-based projects of 2025.

The project introduces the Snorter Bot, the proficient Aardvark sniper specialized in coin sniffing and sniping.

The Bot seeks to address the most pressing problems associated with coin hunting: too complicated for newcomers, largely ineffective coin-sniping UIs, and the risk of running into scammy projects.

This Aardvark has it all: integrated scam detectors protecting against suspicious projects, a reaction time measured in milliseconds, and some of the lowest fees of any trading bot at launch (0.85%).

The Snorter Bot only operates in a Telegram chat, which centralizes and simplifies everything. No more opening multiple wallets and relying on several browser extensions and plug-ins to achieve what Snorter can do on its own.

The presale raised over $5M so far, with $SNORT valued at $0.1081 and it’s near completion, with little over one day left.

This means this is your last chance to buy your $SNORT before the token hits public exchanges, which could cause it to surge thanks to the project’s utility and meme potential.

Read more on Coindoo

This news is powered by Coindoo Coindoo

Share this:

  • Share on X (Opens in new window) X
  • Share on Facebook (Opens in new window) Facebook

Like this:

Like Loading...

Related

7 Types of Cryptocurrencies Every Person Should Know | Headlines | News | CoinMarketCap
Ethereum Foundation Starts a Team to Power Future of AI on Blockchain
The Unanticipated Impact of Trump’s Executive Order on Cryptocurrency in 401(k) Plans
Bitcoin Range-Bound As Low Liquidity, Falling Open Interest
Vitalik Buterin Proposes Ethereum Gas Futures to Protect Users From Fee Spikes

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.
By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Email Copy Link Print
Previous Article TRON (TRX) 500% Volume Surge, Ripple (XRP) Price Rally, and BlockchainFX ($BFX) Introduces Next-Gen DeFi Trading Hub, Best Cryptos to Join Right Now – Crypto Economy
Next Article Shiba Inu News; ETH Price Prediction & Remittix Crypto Updates In October
© Market Alert News. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Prove your humanity


Lost your password?

%d