KEYTAKEAWAYS
- Phantom acquires Solsniper to integrate AI-powered trading tools, expanding its product scope beyond wallets into intelligent, Solana-based memecoin trading.
- Ethereum’s July activity hit a four-year high with $238B in volume and record transactions, signaling strong user engagement and renewed investor confidence.
- Sei surpassed Solana in daily active users for the first time, driven by native USDC adoption and rapid ecosystem growth across key integrations.
CONTENT
PHANTOM ACQUIRES SOLSNIPER, AN AI-POWERED MEMECOIN TRADING PLATFORM ON SOLANA
Crypto wallet Phantom has announced the acquisition of Solsniper, an AI-powered memecoin trading platform built on Solana. Phantom stated: “Solsniper is built for precision and speed, helping traders monitor tokens, track wallets, and respond instantly. Phantom is becoming more than just a wallet…
As we expand our product line and accelerate growth, we anticipate more strategic acquisitions. The Solsniper web app will continue to operate independently, with new features and improvements coming in the months ahead.”
ANALYSIS
Phantom’s acquisition of Solsniper marks a significant step toward intelligent and efficient crypto wallet functionality. This move enhances Phantom’s competitiveness in the Solana ecosystem and reflects its ambition to evolve from a basic wallet into a full-featured trading platform.
By integrating AI-driven trading tools, Phantom can offer faster, more accurate market insights and execution—especially valuable in the high-volatility memecoin sector. Looking forward, Phantom’s strategic expansion hints at more innovation, potentially reshaping Solana’s onchain trading landscape and advancing the broader adoption of smart DeFi tools.
ETHEREUM NETWORK ACTIVITY SURGES IN JULY, REACHES $238 BILLION IN MONTHLY VOLUME
Ethereum recorded over $238 billion in onchain transaction volume in July, up 70% month-over-month. This marks its highest monthly volume since December 2021 and a nearly four-year high. The network processed 46.67 million transactions in July—a new all-time monthly record, surpassing the previous peak in May 2021 by 3.6%.
The 7-day moving average (7DMA) of transaction count reached 1.64 million, just below the May 2021 record of 1.66 million. Active addresses hit 17.55 million, the highest since May 2021. These bullish onchain metrics coincided with ETH reaching a local high of $3,700.
ANALYSIS
Ethereum’s July performance reflects a strong resurgence in network activity and user engagement. With record-breaking transaction volume and address growth, the data signals a significant uptick in network utility and investor confidence. The price of ETH followed suit, climbing alongside the rise in usage.
If this momentum continues, Ethereum is well-positioned to solidify its leadership as the top Layer 1 blockchain in terms of both activity and value creation. Sustained user growth and robust network throughput could also attract further developer and institutional interest in the coming months.
SEI DAILY ACTIVE USERS SURPASS SOLANA FOR THE FIRST TIME ON AUGUST 2
According to Artemis data, Sei’s daily active users (DAU) exceeded Solana’s for the first time on August 2. Sei has doubled its DAU over the past three months—from 380,000 to 752,000—driven by the launch of native USDC and integrations with projects like Ondo and Backpack.
On that day, Solana experienced a notable drop in DAU and transaction volume. Additionally, in just 10 days, Sei saw over $108 million worth of native USDC issued—surpassing zkSync, Algorand, and Polkadot.
ANALYSIS
Sei’s surge in user activity highlights its rapid ascent within the crowded Layer 1 blockchain space. The introduction of native USDC and a growing ecosystem have been key drivers of user adoption and transaction volume. Its ability to surpass Solana, even temporarily, is a strong indicator of market traction and technical readiness.
Going forward, maintaining high engagement levels and expanding use cases will be critical for Sei to secure a more permanent role among leading smart contract platforms. If it continues to scale efficiently, Sei could emerge as a serious contender in the L1 race.
