Solana News Today: Remittix Surges 250% as Solana and Avalanche Stay Rangebound

Solana and Avalanche have remained rangebound in recent weeks, despite significant infrastructure developments. SOL has traded between $180 and $190, failing to translate record-breaking transaction throughput—recently hitting 107,664 TPS—into meaningful price appreciation [1]. Similarly, Avalanche’s AVAX has struggled to maintain upward momentum, currently testing the $24 support level with analysts warning that a breakdown could lead to a retest of the $20 level [2]. A recovery above $32, however, is seen as a potential catalyst for a move toward $38–$40 ahead of Q4 [2].

In contrast, a low-cap altcoin, Remittix (RTX), has gained 250% in value over the past 30 days, drawing attention to the power of utility-driven projects in a market saturated with infrastructure hype [1]. Remittix is positioned as a PayFi solution with real-world use cases, including frictionless, low gas-fee payments, remittances, and merchant transactions. The project has also attracted interest with the upcoming Q3 beta wallet launch, referral rewards of up to 20%, and a $250,000 giveaway [1]. These features have contributed to growing grassroots engagement and institutional attention.

The project’s utility-driven model contrasts with the technical focus of Solana and Avalanche, both of which have yet to see their price action reflect their on-chain advancements. While Solana’s on-chain liquidation capabilities reinforce its decentralized infrastructure, the asset continues to trade near $182.60 [1]. Analysts have noted a TD Sequential buy signal for Solana, suggesting the possibility of a short-term rebound [1].

The rise of Remittix highlights a broader trend in the crypto market: investors are increasingly favoring projects with tangible utility over those with high-profile but abstract technological achievements [1]. This shift underscores a growing emphasis on real-world adoption and problem-solving in the DeFi space.

As the market continues to evolve, the performance of Remittix serves as a reminder that utility and user incentives can drive substantial gains, even in a period of broader market consolidation [1].

Source: [1] Solana and Avalanche Hold Flat While This Low Cap Token Gains 250% in 30 Days (https://www.livebitcoinnews.com/solana-and-avalanche-hold-flat-while-this-low-cap-token-gains-250-in-30-days/)