Market dynamics on August 7: SOL blockchain rises, DEX trading volume and SOL/ETH exchange rate both hit historical highs

I. Market Dynamics

1. The market is fluctuating and consolidating. After the sharp drop, the strongest rebound in mainstream coins was SOL, while SATS led among MEME coins.

2. U.S stocks rebounded after a significant fall. Harris has been selected as Vice President, leading to a surge in support rate.

II. Market Focus

1. Public chain SOL is on the rise. SOL's DEX trading volume hit a new high, as did the SOL/ETH exchange rate.

2. DEFI's PENDLE surged and got listed on exchanges.

3. MEME's NOT increased in value.The top 10 gainers list of exchanges often includes several major public chains that are always MEMEs.

4.Game public chain RON fell due to theft of 12 million WU.RON had been stolen multiple times before with up to $600 million at most likely by insiders.