Ethereum News Today: Solana and Ethereum Surge as Rollblock RBLK Spikes 500% in Presale

The crypto market is showing strong momentum in mid-July, with Solana (SOL) and Ethereum (ETH) leading the charge, while Rollblock (RBLK) emerges as a standout altcoin in the Web3 gaming space. Solana recently broke through the $200 level, marking its highest point since February, driven by technical gains and on-chain developments like the upcoming BAM platform by the Jito Foundation. This innovation is expected to streamline block-building and reduce MEV (Maximal Extractable Value), reinforcing Solana’s appeal for scalable, high-speed decentralized applications [1].

Ethereum is also gaining confidence, as open interest in ETH futures rose sharply to over $28 billion in a week. The Altcoin Season Index passed the 50 threshold for the first time in six months, signaling a shift in investor capital from Bitcoin to altcoins. Institutional participation has intensified, with large block trades on major exchanges confirming increased interest in Ethereum and other infrastructure-focused tokens [1].

Rollblock is drawing attention as a game-changer in the online gaming industry. Built on the Ethereum blockchain, the platform hosts over 8,000 on-chain games and sports betting options, offering transparent and tamper-proof results. Its native token, RBLK, has surged over 500% in presale, trading at $0.068 as of mid-July. The project’s tokenomics include weekly buybacks, with up to 30% of platform revenue allocated to token burns or staking rewards, further supporting scarcity and demand [1].

With the U.S. passing the GENIUS Act, which establishes clearer stablecoin regulations, corporate treasuries are increasingly entering the Ethereum ecosystem. This regulatory clarity is seen as a major catalyst for broader institutional adoption [1]. Meanwhile, Rollblock’s rapid growth—processing over $15 million in transactions and attracting more than 50,000 investors in a year—highlights its appeal in a market plagued by rising fraud [1].

RBLK has a fixed supply of one billion tokens, and its weekly buybacks are creating a deflationary pressure that could drive the price higher. Analysts have speculated that RBLK could reach $1 by the end of the year, driven by its utility in the gaming sector and ongoing demand [1].

Sources:

[1] Buying Into This Altcoin In August Could Make 5x Within Weeks As ADA And ETH Prices Rise — https://blockonomi.com/buying-into-this-altcoin-in-august-could-make-5x-within-weeks-as-ada-and-eth-prices-rise/