Solana app revenues soar 213% thanks to memecoins, but is it sustainable?

Bitcoin dominance is the talk of the town again as traders wonder just how high it would need to go to reach a ceiling and then start making way for altcoins. One trader even suggested that "altseason" came and went, it was just underwhelming. Elsewhere, MicroStrategy has rebranded to Strategy, adding the Bitcoin logo to its own new logo. Then, in an earnings call, Strategy reported $670M in net losses for Q4 2024, but it's all part of the plan, and that plan is — unsurprisingly — Bitcoin. In a follow-up to yesterday's story, we speak to attorneys about the SEC's proposed token relief and who might benefit. And finally, Solana app revenues soar, but for how long can this momentum continue?

Further reading:

• ‘Altseason’ ended in 2024: Bitcoin dominance should hit 71% before it returns
• MicroStrategy rebrands to ‘Strategy’ and adopts Bitcoin logo
• MicroStrategy, now ‘Strategy,’ records $670M net loss in Q4
• How the SEC’s proposed token relief might impact crypto firms
• Solana app revenues up 213% in Q4: Messari

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