solana
Over 81% Helium Community Approves Migration to Solana Blockchain
Helium developers proposed the migration to help scale the blockchain through more efficient transactions and interoperability.
Krafton Partners with Solana Labs to Develop blockchain-based Games
Game developer for PC and mobile devices Krafton partners with Solana Labs to develop blockchain-based games and services in the Metaverse world.
Saros Cryptocurrency (SAROS) will be listed on Bybit
Saros raises $3.75M in funding and gets listed on Bybit with a 50,000 USDT prize pool, marking significant strides in expanding its reach and enhancing its offerings in the DeFi space.
$136M Inflow into Crypto Assets, Bitcoin Remains Preferred Choice
In the latest update from CoinShares, digital asset investment products have seen a significant inflow of $136 million in the past week. This surge marks the third consecutive week of inflows, totaling $470 million, effectively offsetting the outflows observed in the preceding nine weeks.
Solana Foundation Responds to SEC's Security Classification of SOL Token
The Solana Foundation has publicly objected to the United States Securities and Exchange Commission's (SEC) recent classification of its native cryptocurrency, Solana (SOL), as a security.
Circle Deploys New Pre-Mint Address for USDC on Solana (SOL)
Circle has introduced a new pre-mint address for USDC on the Solana blockchain, streamlining operations in anticipation of the Cross-Chain Transfer Protocol launch.
Crypto Trends: Weekly Inflows and Outflows in Altcoins, North American Markets, and Investment Products
Altcoins saw $3M in weekly inflows; North America had $11B outflows. Digital asset products had minor withdrawals of $21M, with Bitcoin trading at $16B.
Phantom Wallet Says Solana Hack Did Not Come From Systems
Blockchain wallet services provider Phantom has shared the update from its investigation into the security breach that affected top hot wallets built on the Solana protocol last week.
Solana Introduces Web3 Mobile Phone Saga
Solana Labs subsidiary Solana Mobile has announced the launch of the mobile phone "Saga" set for launch in 2023.
Etherscan Acquired Solana to Enhance Services and Ensure Fair Blockchain Data Access
Etherscan's acquisition of Solscan marks a strategic expansion in blockchain exploration, promising enhanced services, innovation, and industry growth.
Transitioning from Rust to Solana: A Comprehensive Guide for Developers
This article provides a detailed guide for developers transitioning from Rust to Solana, highlighting the key differences and setup details.
Crypto Market Surges in May with Key Regulatory Approvals
Crypto market up 8.6% in May, driven by favorable regulations.
Solana Breakpoint 2024: Key Side Events and Highlights
Explore the side events happening at Solana Breakpoint 2024 in Singapore.
Circle Expands Web3 Services to Solana (SOL), Empowering Developers with New Tools
Circle's Web3 Services now support Solana, enhancing developer tools.
Circle Enhances Web3 Services with Solana Support and New Developer Tools
Circle introduces Solana support for Programmable Wallets, new Smart Contract API, and Circle Credits Program to aid developers. Learn more about the latest updates.
Prospects of a Solana (SOL) ETF: What Lies Ahead?
VanEck and 21Shares' Solana ETF proposal sparks optimism and regulatory scrutiny, highlighting the potential for institutional investment in Solana.
OKX Wallet Integrates Solana Blinks for Enhanced DApp Interaction
OKX Wallet has integrated Solana Blinks, enabling users to interact with DApps on Solana directly via Twitter.
Worldcoin’s World ID Expands to Solana via Wormhole Grant
Wormhole secures a grant to integrate Worldcoin's World ID with Solana, enhancing cross-chain identity verification.
Solana ETF, MiCA Framework, and Ethereum's Reth Client Highlight Weekly Top Stories
Key highlights include VanEck's Solana ETF filing, MiCA framework in the EU, and the release of Ethereum's production-ready Reth execution client.
Bitfinex to List MEW Token, Expanding Meme Coin Offerings
Bitfinex announces the listing of MEW, a meme coin on the Solana blockchain, enhancing its digital asset portfolio.
MEW Token Challenges Dog-Themed Memecoins on Solana Blockchain
MEW, a cat-themed cryptocurrency on the Solana blockchain, aims to rival dog-themed coins like Dogecoin and Shiba Inu through strategic burning and community engagement.
Solana (SOL) ETF: Opportunities and Challenges in the Financial Market
VanEck and 21Shares propose a Solana (SOL) ETF, sparking debates on its potential impact and challenges in the crypto market.
Stellar (XLM) vs. Solana: A Comparative Analysis of State Archival Scalability
Explore the scalability of State Archival on Stellar (XLM) and Solana's Avocado. Detailed analysis of network efficiency and congestion issues.
Circle Introduces Key Updates for Web3 Services in July 2024
Circle's July 2024 updates include Social Logins, Email OTP for Programmable Wallets, and an 'enum' update for Solana API endpoints.
Ethereum Integrates Solana Virtual Machine (SVM) as Layer 2 Solution
Eclipse Labs introduces Ethereum's first Solana Virtual Machine (SVM) Layer 2 to enhance transaction speeds and scalability, according to Chainalysis.
Solana (SOL) Faces Record Outflows Amid Modest Digital Asset Inflows
Digital asset investment products saw $30m in inflows last week, while Solana (SOL) experienced record outflows, according to CoinShares.
Circle Introduces Gasless Transactions on Solana via Fee Payers
Circle's new Gas Station feature on Solana eliminates gas fees for users by sponsoring them through fee payer wallets.
Circle Introduces NFT Support on Solana and New Sample App for Programmable Wallets
Circle updates Programmable Wallets with Solana NFT support and a new sample app for user-controlled wallets, enhancing developer capabilities.
TipLink Revolutionizes Payments with Easy-to-Use Links
TipLink introduces a groundbreaking way to send money using simple interactive links, enhancing accessibility and affordability in payments.
Etherfuse Launches Mexican Stablebond on Solana (SOL) Blockchain
Etherfuse introduces a Mexican Stablebond on the Solana (SOL) blockchain, aiming to revolutionize financial inclusion and democratize financial systems.
Can Solana (SOL) Surpass Ethereum (ETH) in Market Capitalization?
Solana's rapid growth and technological advancements position it as a competitor to Ethereum. Could it eventually surpass Ethereum in market cap?
Bitfinex to List KMNO Token, Expanding DeFi Offerings
Bitfinex announces the listing of KMNO, Kamino Finance's native token, enhancing its DeFi offerings with innovative liquidity management solutions on Solana.
BitMEX Lists MOODENGUSDT Perpetual Swaps with 50x Leverage
BitMEX has launched MOODENGUSDT perpetual swaps, allowing traders to leverage up to 50x on the Solana memecoin MOODENG, enhancing trading opportunities.
Solana's Evolution: High-Speed Blockchain Faces New Challenges in 2024
Solana, known for its speed and efficiency, has rebounded from initial setbacks to secure a niche in payments and consumer markets. The blockchain continues to evolve amidst growing competition.
Solana's Stake Weighted Quality of Service Explored by a16z Crypto
a16z crypto's Max Resnick discusses Solana's use of stake weighted quality of service to manage network congestion and proposes an auction-based approach to mitigate its downsides.
Arkham Expands Support to Solana (SOL) Blockchain
Arkham Intelligence now offers comprehensive on-chain data services for Solana (SOL), enhancing capabilities for users to track and analyze blockchain activity.
PayPal USD (PYUSD) Expands to Solana via Wormhole Integration
PayPal USD (PYUSD) will now facilitate cross-chain transfers between Ethereum and Solana through Wormhole, enhancing stablecoin transactions and interoperability.
Solana (SOL)'s Digital Artists Transform Art Basel Miami Beach
Solana (SOL)'s 'Artists in Residence' returns to Art Basel Miami Beach, showcasing digital artistry. Supported by The Render Network, the event highlights the convergence of technology and nature.
Record Inflows for Bitcoin ETFs, Solana Outpaces Ethereum in Weekly Fund Flows
Bitcoin ETFs experienced record inflows of $3.12 billion last week, while Solana outpaced Ethereum with $16 million in inflows, according to CoinShares.
Solana Launches Real-Time Carbon Emissions Tracking Dashboard
The Solana Foundation has launched a real-time tracking dashboard to measure carbon emissions on its blockchain, making it the first "major smart-contract blockchain" to do so. The dashboard, available on the Solana Climate website, aims to set a new standard for measuring emissions in the blockchain industry and encourages transparency. The data used to power the dashboard is open-source and modeled on the estimated carbon footprint of the Dell PowerEdge R940. The move comes as global efforts are being made to utilize blockchain technology to monitor carbon emissions.
Google Cloud Says Running Validator on Solana Blockchain
Google Cloud is running a validator on the Solana blockchain. The validator will soon add new features that will allow integration for Solana (SOL) developers and node runners.
Only1 Launches First Web3.0 Social NFT Platform Built on Solana
Only1, a decentralized web3 social platform, is set to revolutionize how consumers use the social media landscape. Only1 pivots into a creator economy solution to eliminate intermediaries and allow creators to monetise their content easily.
Mango Markets DEX Raises $70M through MNGO Tokens Sale
Mango Markets decentralized exchange (DEX) has raised around $70 million through its MNGO tokens sale.
Sky-High Transaction Fees are Driving NFT Users Away from Ethereum, says JPMorgan
A decreased return in Ethereum's NFT market share is attributed to congestion and high gas fees.
Solana to Replace Ethereum in Blockchain Gaming, Paradox Studios Founder Says
Compared to Ethereum’s Solidity language when developing play-to-earn (P2E) games, the ease of use of Solana’s building language- Rust will give Solana a competitive edge, according to AmioTalio.
5G Wireless Network Helium Proposes Migration to Solana Blockchain
Decentralized peer-to-peer (P2P) 5G wireless network Helium is proposing to migrate its own network, officially known as HIP 70, to Solana in search of more efficient operations.
Lido Finance Halts Operations on Solana Following Community Consensus
Lido Finance is discontinuing its operations on Solana blockchain following a community consensus within its DAO. The decision, revealed on October 16, 2023, comes after a proposal highlighting the unsustainable financials of Lido on Solana. Despite this cessation, Lido expresses continued optimism for Solana's ecosystem.
SolanaFM Secures a Seed Funding Round Worth $4.5M
World-class Blockchain explorer SolanaFM has secured a seed funding round worth $4.5 Million in partnership with various leading venture capital firms
Arthur Hayes suggests Dogwifhat (WIF) may hit $10
Arthur Hayes suggests Dogwifhat (WIF) may hit $10, leveraging the crypto trial verdict which negated Wright's claim as Bitcoin's creator.
Solana's SOL Price Predicted to Surpass $3000 in Bullish Scenario by 2030
VanEck's analysis suggests Solana could reach significant valuation by 2030 due to its technical innovations and user-focused applications. However, challenges like financial sustainability, technical stability, and developer adoption need to be addressed for this potential.
Magic Eden Pioneers Cross-Chain NFT Experience with Expanded Wallet and Rewards
Magic Eden's latest initiatives, including an enhanced rewards program, a cross-chain wallet, and open-source protocols, aim to universalize digital ownership and transform the NFT ecosystem.
South Korea's Crypto Tax Delayed Until Jan 2025
Crypto tax on digital assets in South Korea will be further delayed by another two years, according to an announcement from an official of the Ministry of Economy and Finance tax policy.
Solana Announces Hyperdrive Hackathon
Solana, a blockchain platform, has launched Hyperdrive, an engineering and business competition allowing teams to transform ideas into operational projects within five weeks. The event, facilitated by Solana Hacker Houses in Bengaluru and Mumbai, has attracted over $600 million in venture funding.
SkyBridge Capital Achieves Record Year with Crypto Investments, Scaramucci Foresees Bright Future for Bitcoin
Anthony Scaramucci's SkyBridge Capital records its best year in 2023 with a 130% rise in crypto investments, primarily in Bitcoin, Ethereum, and Solana. Scaramucci predicts Bitcoin will surpass its all-time high, bolstered by the recent approval of Bitcoin ETFs by the SEC.
NFT Market Declines in 2023, Yet Bitcoin and Solana NFTs Present Significant Opportunities
In 2023, the NFT market experienced a decline, but Bitcoin and Solana NFTs showed significant growth opportunities.
Ex-Terra Developer Somani Raises $15M for Startup
Neel Somani launched his Solana-based cross-chain modular rollup startup, Eclipse, following the collapse of TerraUSD.
Solana Restores Network Outage After Successful Cluster Restart, But SOL Price Still Struggling
The major blackout, which ran for several hours, is not the first time a bug caused Solana’s network to temporarily fail.
OpenSea Signals Integration of Solana NFTs by April
Solana NFTs will be available for buying and selling on OpenSea's website by April, the company signalled via a video on Twitter.
The Number of Non-Zero Ethereum Addresses Hit an ATH
The Ethereum (ETH) network continues to attract more participants because the number of non-zero addresses broke the record at 66,552,716.
Breaking: Visa Expands Stablecoin Settlement On Solana
Visa has expanded its stablecoin settlement capabilities, incorporating the Solana blockchain and initiating pilot programs with merchant acquirers Worldpay and Nuvei. The move aims to modernize cross-border money movement by leveraging stablecoins like Circle's USDC. Visa has conducted live pilots, transferring millions of USDC between partners over Solana and Ethereum blockchain networks to settle fiat-denominated payments authorized via VisaNet. The new settlement options enable Visa to send funds on-chain to acquirers like Worldpay and Nuvei, serving various sectors.
Symmetry Launches Revolutionary Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana
Today marks a groundbreaking step for decentralized finance (DeFi) on the Solana blockchain as Symmetry launches its highly anticipated User Interface at https://app.symmetry.fi/.
Solana Launches $100m Web3.0 Fund for South Korean Startups
Layer-1 blockchain protocol Solana has launched a $100 million fund to back startups in the South Korea Web3.0 ecosystem through its subsidiaries Solana Ventures and Solana Foundation.
Magic Eden Embraces Compressed Solana NFTs
Magic Eden has introduced cNFTs, a cost-effective form of NFTs exclusive to the Solana blockchain. These compressed NFTs allow creators to produce content on a larger scale without the high cost of traditional NFTs. Despite criticism, Magic Eden clarified that they didn't create cNFTs, but integrated support for them. Developers need to understand Merkle trees and use specialized tools for minted NFTs.
Animoca Brands to Focus on Markets Outside U.S. after SEC Labels Sand Cryptocurrency an Unregistered Security
Hong Kong-based blockchain giant, Animoca Brands, has announced its plans to shift its focus to markets outside the U.S.
DeFi Platform Texture Secures $5M in Funds to Develop Yield Management Tools
DeFi protocol Texture Finance has tapped $5m in funding from P2P Capital amongst others.
OKX Joins Forces with Solana Mobile
OKX has partnered with Solana Mobile to integrate its Web3 solutions into the dApp store on the Solana Saga smartphone. This partnership aims to enhance mobile access to Web3 and broaden everyday accessibility to decentralized applications and services.
Crema Finance Hacker Returns Stolen Crypto Following Negotiation
Crema Finance has received 6,064 ETH ($7 million) and 23,967 SOL ($870,000) from a hacker who had stolen 69,422.9 SOL and 6,497,738 USDC stablecoin (roughly $9 million) following a negotiation.
Total Value Locked in DeFi Jumps to $208 Billion with Ethereum Taking the Lion’s Share
According to DefiLlama, a ranking and metrics provider for DeFi protocols, the total value locked (TVL) in this sector stands at $208.03 billion.
Solana Network Goes Offline Amid Massive SOL Price Plunge
The Solana blockchain network has been down for several hours, an incident that adversely affected the price of SOL cryptocurrency. Restoration efforts are underway.
Pre-Production Solana Phone Set to Ship to Developers in December
As the launch draws closer, Solana phones (also called Saga) pre-production are now set to be shipped out to developers for testing from December 15th.
NFT Trading Platform Magic Eden Raises $130m at $1.6B Valuation
NFT marketplace Magic Eden has raised a new $130 million in a Series B funding round, increasing its valuation to $1.6 billion.
Solana Network Experiences Slowdown in Block Production Following Upgrade
After validator software update, Solana network block generation slowed on Feb. 25.
Tetra Partners with Kiln to Enhance Staking Service Including Ethereum and Solana
Tetra Trust partners with Kiln to expand staking services on major PoS blockchains, including Ethereum and Solana, enhancing digital asset management in Canada.
Mangofarm Scandal: Solana's Blockchain Ensnared in Alleged Ponzi Scheme Ties
Mangofarm, Solana blockchain, cryptocurrency scam, Banana Miner Ponzi scheme, digital currency security, blockchain fraud, crypto investment caution, Richard Matthew John O’Neill, decentralized finance, investor vigilance
Solana Network Resume Operation after Long Hours Shutdown
The Solana blockchain network is back online after several hours of outage that denied users to transact digital asset products.
Solana (SOL) Mobile's "Chapter 2" Phone: A New Era in Web3 Mobile Technology
Solana Mobile's new web3 phone "Chapter 2" achieves unprecedented demand, selling out its first-year sales target within a single day. Priced at $450 and set for 2025 release, this device aims to make web3 tech more accessible.
Solana sees Network Instability Amid Crypto Volatility
Solana was hit by instability due to excessive duplicate transactions, according to the notice on the blockchain network's website.
Jump Crypto to Build New Validator Client for Solana
Following the growing security breaches on the Solana Blockchain network, Jump Crypto, a start-up known for many things in the digital currency ecosystem, from system redesign to investment, is set to help the protocol build a new validator client.
Bitcoin Dominates Digital Asset Fund Flows with $140M Inflows in a Week
In the past four weeks, digital asset investment products have seen a significant surge in inflows, totaling $742 million, according to the latest weekly report from CoinShares. This marks the largest run of inflows since the final quarter of 2021.
Solana and ROK Capital launched a $20 Million Fund to Promote the Ecosystem Expansion in South Korea
The Solana Foundation has cooperated with ROK Capital to jointly launch a $20 million fund, aiming to further expand Solana's blockchain ecosystem in South Korea.
Ukraine Opens Channel for Dogecoin Donations Towards Relief Efforts
As the Russia-Ukraine war rages on, Ukraine has increased the number of digital currencies. It now accepts Dogecoins from donors.
OpenSea Set to Launch 2.0 Version to Enhance NFT Experience
OpenSea is launching OpenSea 2.0, a revolutionary NFT marketplace upgrade, focusing on enhanced user experiences, improved trading access, advanced security measures, and simplified user onboarding.
Everlend Finance, a Solana-based decentralized finance
Solana protocol decentralises finance Closing Everlend Finance.
Solana Foundation Offers $400k Bounty for Critical Code Discovery
Jacob Creech announces a $400k bounty for discovering code that can halt Solana network, part of Solana Foundation's endeavor to ensure robust network security.
Serum Hits New All-Time High amid 900% Year-to-Date Increase
Serum (SRM), a decentralized exchange that operates on the Solana blockchain, set a new all-time high of $11.24 today.
Binance Web3 Wallet Enhances Crypto Accessibility with Solana (SOL) Integration
Binance's Web3 Wallet now supports Solana, allowing users to manage tokens and access dApps directly, boosting the interoperability and utility of its platform.
Oobit Secures $25M in Series A Led byTether and CMCC Globa
Oobit, a mobile crypto payments app, has closed a $25 million Series A funding round, led by Tether, CMCC Global, Anatoly Yakovenko, and 468 Capital.
Solana NFTs Go Live on OpenSea
Top non-fungible token (NFT) marketplace OpenSea's long-anticipated integration with Solana has finally gone live.
Binance.US to Establish Office in Portals, the Metaverse Platform on the Solana Blockchain
The US branch of the world-leading Binance exchange, Binance.US, is opening an office in Portals, the Metaverse platform on the Solana blockchain.
Helium Network to Migrate to Solana Blockchain
Helium will migrate to Solana and install Oracles on March 27.
Solana Joins BTC, ETH on Bloomberg Terminal
Solana (SOL) becomes the third cryptocurrency after Bitcoin and Ethereum to be added on Bloomberg terminals.
Capital Inflows into Crypto Investment Products, Hit a 3-Month High of $193m
In the past week, inflows into crypto investment products reached $193 million. A scenario last seen in mid-December 2021, according to digital asset management firm Coinshares.
Bitcoin Falls to the Lowest Level since Dec 2020
Bitcoin has fallen to its lowest level for a year and a half, trading around $25,344 at the time of writing, according to data from CoinGecko.
Circle to Introduce Euro Coin and Cross-Chain Transfer Protocol to Solana in Early 2023
USD coin issuer and digital financial technology firm, Circle, is now set to expand its Euro Coin and its cross-chain transfer protocol to the Solana ecosystem in the first half of 2023.
Lido's Faulty Contract Locks $24 Million in Solana stSOL Tokens
A smart contract error has locked $24 million worth of tokenized staked Solana (stSOL) on Lido, following its service discontinuation in October 2023.
Thousands of Solana Wallets Hacked, Estimates of Damage Unclear
The hack on Wednesday was executed after a flaw was exploited to suck out cryptocurrencies from 8,000 crypto wallets where owners stored their funds, the Solana Foundation announced.
Ethereum Layer 2s Surpass Prominent Layer 1s in Total Value Locked
The surge of Layer 2 solutions like Arbitrum, Optimism, and BASE, overtaking Layer 1 blockchains Solana and Avalanche in terms of Total Value Locked (TVL) as of September 25, 2023, highlights the pivotal role of Layer 2s in augmenting the scalability and transactional efficiency of the Ethereum network. The data underscores a growing preference for Layer 2 solutions, demonstrating their potential in enhancing the blockchain technology landscape.
On BX Swiss market, 21Shares launches crypto staking ETP
Staking-focused crypto-exchange-traded product from 21Shares. The STAKE ETP follows BNB, Cardano, Cosmos, Polkadot (DOT), Solana, and Tezos. 21Shares Staking Basket ETP never lends. AXTZ's year-to-date performance has increased 38% and ASOL's 78%.
Stripe Is Integrated By Solana Market Maker For Fiat-To-Crypto Transfers
The Solana-based automated market maker Orca has opened up fiat purchases and fiat-to-crypto transactions through a new integration with Stripe. Users can now purchase the blockchain's standard native SPL tokens, including USD Coin and SOL, with fiat currencies. This comes as the entire crypto industry picks itself up after the collapse of the former powerhouse crypto exchange FTX.
Coinbase Cloud Adds Solana Archive Node
Blockchain infrastructure protocol Coinbase Cloud launches Solana Archive Node to help developers build better products and services on Solana.
Solana (SOL) Validators Approve "Timely Vote Credits" Proposal to Accelerate Blockchain Transactions
Solana validators have approved a proposal called "Timely Vote Credits" to reduce consensus vote latency and incentivize timely votes, potentially speeding up blockchain transactions, before implementing the mechanism.
Solana NTF Marketplace Magic Eden Is Expanding to Ethereum Blockchain
Expansion into the Ethereum blockchain is set to enable Magic Eden to integrate Ethereum NFTs into its platform.
Solana-based Decentralized Exchange Slope Finance Raises $8M in Series A funding
Solana-community based decentralized exchange Slope Finance announced to complete the rasing of $8,000,000 in Series A funding, co-led by Solana Ventures and Jump Crypto.
Xternity migrates Solana multiplayer Web3 game for Polygon
Polygon and Xternity migrated Synergy Land, a multiplayer Web3 game from Solana, to Polygon. Solana-compatible wallets are linked, burned, then recreated on Polygon. Polygon's update reduces gas charge spikes and fixes chain rearrangement.
Sullivan and Cromwell's Sale of Solana (SOL) at a Massive Discount Raises Concerns among FTX Creditors
The recent sale of 2/3 of $2.6 billion worth of Solana tokens by law firm Sullivan and Cromwell at a significant discount has sparked controversy. FTX Creditor Champion, Sunil, expressed concerns about the impact on FTX creditors, while others question the legality of the sale. This article delves into the details of the sale and the reactions it has garnered.
Solana (SOL) Hits New AHT of $145, Displaces Dogecoin To Become the Seven-Largest Cryptocurrency
Solana is making an impressive rally this year, prompting the need to understand such trading performance. SOL's recent performance has replaced Dogecoin to become the seven-largest cryptocurrency.
Solana Foundation Forms Strategic Alliance with DMCC Crypto Centre in Dubai
The strategic partnership between Solana Foundation and DMCC Crypto Centre marks a significant milestone towards fostering a thriving Web3 ecosystem in Dubai. By offering technical and business development support, alongside educational initiatives, this alliance is poised to drive innovation and business scalability, further elevating Dubai's standing as a global hub for blockchain and Web3 technologies.
CoinGecko Report: 2023 Crypto Industry Rebounds with Resilience and Transformation
2023 saw a resilient crypto industry with a 108.1% increase in market cap to $1.72T and a total trading volume of $36.6T. NFT trading reached $11.8B, while stablecoins like Tether maintained a strong presence. Bitcoin's value rose significantly, contributing to the year's positive momentum.
eToro and Robinhood Modify U.S. Cryptocurrency Offerings Amidst Regulatory Changes
The global cryptocurrency landscape is witnessing significant shifts, with leading trading platforms, eToro and Robinhood, adjusting their U.S. cryptocurrency offerings. Both platforms are responding to the rapidly evolving regulatory environment in the United States, affecting popular cryptocurrencies such as Algorand (ALGO), Decentraland (MANA), Dash (DASH), Polygon (MATIC), Solana (SOL), and Cardano (ADA).
DeFi Growth Outlook for 2021: From $18.71B to $258.58B
According to data from DeFiLlama, the DeFi ecosystem, encompassing the top blockchain networks saw a massive growth surge from $18.71 billion in Total Value Locked (TVL) as of Jan 1, 2021, to $258.58 billion it is pegged at as of today.
Solana Gum Protocol Shuts Down
Gum protocol on Solana ecosystem is shutting down due to market conditions and revenue issues, raising concerns about the sustainability of protocol-layer projects.
OKX Partners with Pyth Network
Cryptocurrency exchange OKX announced that it is partnering with Pyth Network, which operates one of the largest and most reliable oracle networks.
Bankless: Solana's Resilience and Prospects Amid Market Challenges
Solana has navigated through a challenging bear market and technical issues to emerge stronger in 2023. With improved network performance, diversification into new sectors like NFTs and AI, and upcoming developments like Neon EVM and Solang, Solana's future appears promising despite past setbacks.
Solana CEO Denies Network Outages Caused by On-Chain Voting
Solana CEO Anatoly Yakovenko has refuted claims that Solana's network outages were caused by its on-chain voting system clogging its consensus layer. The CEO responded to a Twitter user's claims that the high volume of validator messages and on-chain votes were clogging the network, calling the theory "pure ignorance." While the root cause of the recent 20-hour network outage is still not clear, commentators have pointed out that there is likely no singular cause of the network outages.
Solana (SOL) Foundation Entrusts Hackathons and Accelerator Programs to Colosseum
The Solana Foundation is transferring management of its hackathons and accelerator programs to Colosseum, aiming to enhance the Solana ecosystem with substantial funding and developer support.
Robinhood Rolls Out Tokens Offerings, Adding SOL, SHIB, MATIC & COMP
To meet customer requests for a broader selection of cryptocurrencies, American financial services company Robinhood has listed Shiba Inu, Solana, Polygon and Compound.
ChatGPT Predicts Solana SOL Price Could Reach $30 Again by the End of 2023
Utilizing ChatGPT and AI machine learning technologies, we analyzed Solana's future prospects, revealing that its SOL token may be undervalued and oversold, especially when compared to other major cryptocurrencies. Regulatory challenges, such as the SEC's recent classification of SOL as a security, add complexity to Solana's market position. Despite this, the platform's unique consensus model and strong performance in the NFT market make it a noteworthy competitor to Ethereum. ChatGPT's analysis suggests that SOL could reach $30 by the end of 2023, although investors should exercise caution and conduct their own research due to the volatile and regulatory-sensitive nature of the crypto market.
Clockwork on Solana Ends Development Despite $4M Seed Funding last year
Clockwork, a decentralized automation network, will cease active development by October 31 despite raising $4 million in seed funding a year ago. The team will continue to provide software but freeze on-chain programs. Alternative migration solutions are recommended.
Solana Elbows Tether to 4th Position amid NFT Secondary Sales Clocking $500M
Days after flipping Cardano (ADA) to become the fifth top cryptocurrency, Solana (SOL) is not relenting in its quest to scale the heights because it has dethroned Tether (USDT) at the fourth position.
Why Multicoin Capital Invested $5.7M in Squads Labs
Multicoin Capital discloses a $5.7 million investment in Squads Labs, bolstering the multisig standard on Solana. The funding accelerates Squads' blockchain-native custody infrastructure, spotlighting major upgrades like SquadsX and Squads (v4), which are set to redefine self-custody and on-chain capital coordination.
Solana's Wallet Phantom has Secured a $109M Series B Investment Led by Paradigm
Solana’s wallet Phantom has secured a $109 million Series B investment led by cryptocurrency firm Paradigm.
Solana-based Defi Protocol Delta One Raises $9.1M in Seed Funding
Defi protocol Delta One on the Solana blockchain has announced that it has raised $9.1 million in a seed round led by Alameda Research and Ship Capital.
Ex-US President’s Wife Melania Trump Releases Her First NFT, Price at 1 SOL
Former US President Donald Trump’s wife Melania Trump released her first NFT token which will run on the Solana blockchain.
Crypto Market Capitalization Inches Closer to $3 Trillion
The cryptocurrency market capitalization is a stone’s throw away from the $3 trillion mark as it stands at $2.96 trillion.
Unibot Ends Partnership with Solana (SOL) Team, Cites Security Concerns
Unibot announces the end of its collaboration with the Solana team due to security concerns and a breach of trust, signaling a shift towards in-house development.
Magic Eden Pulls $27m in Series A Funding Round
Solana-based NFT marketplace Magic Eden has pulled the sum of $27 million in a Series A funding round.
Solana Spaces to Close Down Stores
Solana Spaces shuttered its two Solana-themed retail outlets in New York and Miami after seven months, citing a shift in investment emphasis.
Digital Currency Group Sells Shares in Subsidiary's Crypto Funds
As the crypto empire struggles, Barry Silbert's Digital Currency Group has divested interests in Grayscale Investments funds.
Solana (SOL) Surges by 230% on a Year-to-Date Basis to Hit a New High
Solana, which has faster transaction speed and lower fees than Ethereum, has been favored by Defi users to run applications. Recently, its native token SOL set a new all-time high of $37.10.
ADGM Partners with Solana (SOL) Foundation to Boost Blockchain Innovation
Abu Dhabi Global Market (ADGM) has partnered with the Solana Foundation to advance distributed ledger technology (DLT) within its regulatory framework, marking a significant step in fostering blockchain innovation in the region.
DEC Pulls $9M in Seed Funding to Create Decentralized Uber
The Decentralized Engineering Corporation has pooled a $9M Seed Fund to build a ridesharing Protocol
Solana Co-founder Labels Ethereum 'Bourgeois Digital Tyranny
Solana Labs Co-founder, Anatoly Yakovenko, defended the Solana network's accessibility during a Twitter debate from 1st to 2nd October 2023, responding to criticisms regarding the cost of running nodes. Yakovenko contrasted Solana with Ethereum, advocating for negligible costs in state creation to promote true decentralization, despite rebuttals highlighting Solana's high node operation costs favoring corporations.
Solana Apps May Soon be Ported to Cosmos Ecosystem
Developers can soon test their Solana Web3 apps for use in Cosmos ecosystem via Injective’s layer-2 testnet, which uses Solana’s Sea Level Virtual Machine. The new layer was created with Eclipse’s help.
Solana SOL Maintains $7.2 Billion Market Cap Despite SEC's Security Claim in Q2 2023
Solana, the high-performance, open-source blockchain, faced a challenging Q2 2023, marked by regulatory hurdles and a decline in its market cap and revenue. However, the network also saw a surge in fee-payer activity and an increase in non-vote transactions, indicating continued user engagement and network utility.
NFT Secondary Sales Surpass $15b amid Monthly Volume Constantly Topping $1b
The non-fungible tokens (NFTs) sector continues to take the world by storm based on the massive growth experienced.
BetDEX to Go Live on Solana as FIFA World Cup 2022 Approaches
Emerging decentralized sports betting outfit, BetDEX will be launching on Solana ahead of the World Cup
Tether Launches USDT on Kava Blockchain
Tether Operations Limited (Tether), the company behind the renowned blockchain-powered platform tether.to and the world's leading stablecoin, has revealed its plans to introduce U.S. dollar-pegged Tether tokens ("USDT") on Kava. Kava is a layer-1 blockchain specifically designed to offer scalability and high speed.
Tron's Total Active Accounts Surpass 25 Million, Is TRX Undervalued?
Tron has attained a huge milestone with the total number of accounts on the protocol surpassing 25 million.
SushiSwap Deploys Contracts to Five New Networks as Ethereum Gas Fees Surge
SushiSwap has deployed its contracts to five new networks. What should be expected of SUSHI's price in the next few days?
Kik Survives Legal Battle With the SEC, Kin Crypto to Continue Trading on Exchanges
The Kin Foundation has disclosed that both itself and the cryptocurrency has survived the dispute with the US SEC.
Defying Gravity: Why XEM, CRO, and SOL Price are Trending Up Amid Market Downturn
While the market is bearish today, XEM, CRO, and SOL are showing strong resistance and are trending up