--- title: What's Driving Token Prices? July 24, 2024 description: Join Arca's Director of Research, Katie Talati, to learn about what is driving token prices in the digital asset ecosystem. image: https://www.ar.ca/hubfs/Blog/WDTP/WDTP%20Thumbnail.jpg --- [![email-sig-logowhite](https://www.ar.ca/hs-fs/hubfs/email-sig-logowhite.png?width=102&height=96&name=email-sig-logowhite.png "email-sig-logowhite")](https://www.ar.ca/) [![Get in Touch](https://no-cache.hubspot.com/cta/default/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3.png)](https://cta-redirect.hubspot.com/cta/redirect/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3) ** ** ** [![Arca](https://www.ar.ca/hs-fs/hubfs/arca_square_576x576.png?width=60&height=30&name=arca_square_576x576.png "Arca")](https://www.ar.ca/) [![Get in Touch](https://no-cache.hubspot.com/cta/default/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3.png)](https://cta-redirect.hubspot.com/cta/redirect/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3) ** ** ** Search **Menu** ** ** [![Data Room](https://no-cache.hubspot.com/cta/default/4536350/72e2934a-0f70-4634-897e-b99fd4807a9b.png)](https://cta-redirect.hubspot.com/cta/redirect/4536350/72e2934a-0f70-4634-897e-b99fd4807a9b) [![Get in Touch](https://no-cache.hubspot.com/cta/default/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3.png)](https://cta-redirect.hubspot.com/cta/redirect/4536350/28ac2c2f-186c-436f-9682-1169cf946ad3) ![](https://www.ar.ca/hubfs/Whats-Driving-Token-Prices-Header.jpg) [Investing Themes](https://www.ar.ca/blog/tag/investing-themes) | # What's Driving Token Prices? July 24, 2024 [![Katie Talati](https://www.ar.ca/hubfs/Katie%20Talati.png)](https://www.ar.ca/blog/author/katie-talati) Written by [Katie Talati](https://www.ar.ca/blog/author/katie-talati) Jul 24, 2024 **Join Katie Talati, Arca’s Head of Research, weekly on Wednesday at 4PM EST / 1PM PST as she shares notable token activity over the past week and her insights on what market events drove these token price movements.** Watch Our Founders Video - **DYDX (-6%)** - The decentralized perpetual futures exchange, dYdX, is reportedly in talks to sell its v3 exchange software. Last year, dYdX upgraded its software to v4, which included the creation of dydxchain. As in all things in crypto, the original exchange, dubbed v3 and lives on the Layer-2 Starknet, remained in existence due to the immutability of smart contracts. dYdX has long been criticized for profiting off its exchange at the expense of token holders as the team amassed $430M in revenue in the early days of the exchange’s existence. The team has agreed to revert some of the revenue back to token holders amid pressure from the community. However, the team has delayed doing so until the DEX transitioned to v4. Now the community watches as the dYdx team sells off part of its business in a transaction from which token holders will likely see no benefit which has caused the token price to drop. Following the reports of the sale, the front end of dYdX’s exchange was also hacked, plummeting the token price further.  - **SOL (+14.5%)** - Yesterday, billion-dollar asset manager, Hamilton Lane, announced it would launch a private credit fund on the Solana blockchain. Investors can now access the Senior Credit Opportunities Fund (SCOPE) via the Layer-1 blockchain. The announcement furthers Solana’s real-world asset (RWA) aspirations as this is the first product that will only be launched on Solana. Other RWA products generally launch first on Ethereum (such as Ondo’s UDSY and Blackrock’s BUIDL) and expand to Solana over time. Solana is also surpassing Ethereum on a metrics front with its 30d DEX volumes reaching over $40B.  - **AVAIL (+39%) **- Infrastructure project Avail launched its mainnet yesterday, which commenced trading of the AVAIL token. Avail, which was started by a team spun out of the Layer-2 project, Polygon, is building a “unification layer for web3”. The project will create tools to connect various parts of blockchain infrastructure encompassing data availability, aggregation of L2 rollups, and security. Avail can be thought of as a hybrid of Ethereum (Layer-1), Celestia (data availability app) and Optimism (Layer-2). With the mainnet now launched, users can stake their AVAIL on the network leading with a liquid staking option for AVAIL through deqfi. Avail however has bucked the trend of poor performance for new issues and is up 39% since launch.  *DISCLAIMER: This commentary is not intended to be investment advice, investment research, or a recommendation. Please consult your investment professional for your own circumstances."* ### Subscribe For the Latest Blockchain News & Analysis     Disclaimer: This commentary is provided as general information only and is in no way intended as investment advice, investment research, legal advice, tax advice, a research report, or a recommendation. Any decision to invest or take any other action with respect to any investments discussed in this commentary may involve risks not discussed, and therefore, such decisions should not be based solely on the information contained in this document. Please consult your own financial/legal/tax professional. Statements in this communication may include forward-looking information and/or may be based on various assumptions. The forward-looking statements and other views or opinions expressed are those of the author, and are made as of the date of this publication. Actual future results or occurrences may differ significantly from those anticipated and there is no guarantee that any particular outcome will come to pass. The statements made herein are subject to change at any time. Arca disclaims any obligation to update or revise any statements or views expressed herein. Past performance is not a guarantee of future results and there can be no assurance that any future results will be realized. Some or all of the information provided herein may be or be based on statements of opinion. In addition, certain information provided herein may be based on third-party sources, which is believed to be accurate, but has not been independently verified. Arca and/or certain of its affiliates and/or clients may now, or in the future, hold a financial interest in investments that are the same as or substantially similar to the investments discussed in this commentary. No claims are made as to the profitability of such financial interests, now, in the past or in the future and Arca and/or its clients may sell such financial interests at any time. The information provided herein is not intended to be, nor should it be construed as an offer to sell or a solicitation of any offer to buy any securities, or a solicitation to provide investment advisory services. 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June 24, 2026](https://www.ar.ca/blog/whats-driving-token-prices-june-24-2026) Jun 24, 2026 | 1 min read [![](https://www.ar.ca/hubfs/Blog/WDTP/WDTP%20Thumbnail.jpg) ](https://www.ar.ca/blog/whats-driving-token-prices-june-10-2026) [Investing Themes](https://www.ar.ca/blog/tag/investing-themes) ### [What's Driving Token Prices? June 10, 2026](https://www.ar.ca/blog/whats-driving-token-prices-june-10-2026) Jun 11, 2026 | 1 min read ### Arca Los Angeles I New York (424) 400-7444 info@ar.ca [![LinkedIn](https://www.ar.ca/hubfs/LinkedIn.png "LinkedIn")](https://www.linkedin.com/company/arcafinance/mycompany/) [![Twitter](https://www.ar.ca/hubfs/Twitter.png "Twitter")](https://twitter.com/arca) [![Youtube](https://www.ar.ca/hubfs/Youtube.png "Youtube")](https://www.youtube.com/c/Arcafinance) ### Contact Us Copyright © 2025 Arca Holdings. 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