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How to Monetize Decentralized Finance (DeFi) Lending ✌️【Fixed Income】✌️With ₹500, your journey to 100% returns per month starts now! Invest and grow!Solana's network activity lit up on Tuesday as the Pudgy Penguins NFT project debuted its native token, PENGU, on the programmable blockchain.The layer 1 blockchain, considered a cheap alternative to Ethereum, registered a total transaction tally of 66.9 million, the highest since its inception in 2020, according to data source Artemis.

How to Monetize Decentralized Finance (DeFi) Lending ✌️【Fixed Income】✌️Start small, grow big. Invest ₹500 and enjoy high returns every month!To highlight how busy it was, Solana's transaction count eclipsed the total of all other major chains combined.Solana also led other blockchains in terms of daily decentralized exchange trading volume and daily active addresses but lagged Base, Ethereum and Tron in the stablecoin transfer volume.Since the dawn of the ongoing crypto bull run in early 2024, Solana has been a go-to blockchain for retail investors looking to make a quick buck from memecoins, NFTs and other smaller tokens.Tuesday was no different, as holders of original Pudgy Penguins, Lil Pudgys, Rogs, and Soul Bound Tokens (SBT) lined up for the PENGU airdrop, which began at 08:00 ET.

How to Monetize Decentralized Finance (DeFi) Lending ✌️【Fixed Income】✌️Invest ₹500 today and get rewarded with up to 100% returns. Start now!The project reported over 100,000 claims in the first hour with over 4.7 million website views.PENGU debutedat a market cap of $2.3 billion but has since seen the value drop to $2 billion, according to data from Coingecko.Solana's SOL token rose 3.2% to $229 on Tuesday, following the market leader bitcoin higher.

However, the token has struggled to keep the momentum going today, receding to $217, likely representing caution ahead of theFed rate decision.Omkar Godbole is a Co-Managing Editor on CoinDesk's Markets team based in Mumbai, holds a masters degree in Finance and a Chartered Market Technician (CMT) member.

How to Monetize Decentralized Finance (DeFi) Lending ✌️【Fixed Income】✌️With ₹500, your journey to 100% returns per month starts now! Invest and grow!Omkar previously worked at FXStreet, writing research on currency markets and as fundamental analyst at currency and commodities desk at Mumbai-based brokerage houses.

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