Out with the old, in with the new (Patreon)
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This could be big for Solana
Ripple's XRP is out, Solana is in: The HKVAC has decided to replace Ripple's XRP with Solana in its top 5 global crypto index. This is a significant move, as it reflects a shift in the market and the growing importance of Solana as a high-performance blockchain platform.
Solana has been gaining traction in the crypto space due to its scalability and low transaction fees. This has led to an increase in its market capitalization, which has now surpassed that of XRP.
This change in the Hong Kong crypto index is a big deal for the crypto community, as it highlights the ever-evolving landscape of the market. It also shows that the HKVAC is keeping a close eye on market trends and regulatory shifts, making adjustments to its index accordingly.
Between the insane Dex volume to new CEX out of the asian financial hub.