Solana News Today: Myriad Markets users drive 20.67% PENGU surge amid Solana ACE protocol speculation

Myriad Markets users are increasingly leveraging decentralized prediction markets to forecast price movements for Ethereum-based assets and Solana tokens such as PENGU, as the platform gains traction as a hub for speculative trading. The platform, which integrates with Ethereum networks Abstract and Linea, allows participants to analyze and predict trends across diverse crypto assets, including SharpLink Gaming’s Ethereum holdings and high-profile Solana tokens like FARTCOIN and PUMP. COINOTAG highlights that Myriad Markets is becoming a "speculative trading hub," blending crypto analytics with community-driven forecasts to provide real-time market sentiment insights [1].

The PENGU token, associated with the Pudgy Penguins NFT project, recently surged 20.67% amid heightened investor interest, with users attributing the rally to potential partnerships or broader market sentiment. This volatility has drawn attention on Myriad Markets, where participants assess short- and long-term trajectories. The token’s performance is seen as a barometer for demand in Solana’s alternative asset space, particularly as developers work to refine market infrastructure. Solana’s Application-Controlled Execution (ACE) protocol, a key initiative aimed at optimizing transaction execution order, is expected to address issues like front-running and enhance trade efficiency. According to Decrypt, this protocol is positioned as "Solana’s single most important problem," with developers such as Anatoly Yakovenko prioritizing its implementation [3].

Short-term upgrades, including Jito’s Block Assembly Marketplace and Anza’s transaction landing improvements, are scheduled to launch within months, while longer-term goals like Anza’s Alpenglow consensus protocol aim to reduce latency and bolster Solana’s position as a high-performance capital market infrastructure. These developments, projected to extend into 2027, could stabilize tokens like PENGU by improving liquidity and reducing volatility, though real-world testing remains pending. Analysts note that the success of these initiatives will hinge on adoption rates and the balance between transparency and privacy in execution dynamics [3].

Myriad Markets users are also tracking broader speculative trends, though their focus on Ethereum and Solana tokens underscores niche opportunities. For example, a separate analysis on the platform estimates a 30% probability of Hyperliquid reaching $69.69 by September, illustrating the platform’s role in aggregating diverse price forecasts. While distinct from PENGU’s trajectory, such predictions highlight the speculative nature of current market dynamics and the platform’s appeal as a data aggregation tool [1].

The convergence of technical innovation and speculative trading signals a critical phase for Solana’s ecosystem. By refining market structure through ACE and related protocols, developers aim to create an environment where tokens like PENGU can thrive. However, the ultimate impact of these upgrades will depend on real-world adoption and the ability to balance competing priorities such as transparency and privacy [3].

Source:

[1] [title: Myriad Markets Users Explore Possible Price Trends for Ethereum and Solana Token PENGU July 24, 2025] [url: https://en.coinotag.com/myriad-markets-users-explore-possible-price-trends-for-ethereum-and-solana-token-pengu/]

[3] [title: How Solana Is Evolving to Power Internet Capital Markets] [url: https://decrypt.co/331569/how-solana-evolving-power-internet-capital-markets]

[1] [title: Will Hyperliquid Hit $69.69 Before September? The Odds ...] [url: https://decrypt.co/331625/hyperliquid-hype-69-september-myriad-odds]