Tag: SOL
Details of the new Solana liquid staking token are revealed by Binance
With the so-called BNSOL tool, users will be able to mint a liquid staking token that can be utilized while the underlying tokens are locked up and stake SOL tokens…
A Bloomberg analyst believes that approval of the Solana ETF depends on Trump’s victory in 2024
The CBOE website recently removed the 19b-4 files from VanEck and 21Shares, which makes it seem unlikely that the spot Solana ETF would be approved in the US at this…
In its debut, Solana’s Polymarket Rival Drift Attracts More Than $3 Million in Liquidity
Following the debut of BET on Monday, the Solana-based decentralized exchange Drift Protocol, the growing interest in blockchain-based prediction platforms among cryptocurrency enthusiasts, surged. Abbreviated as BEA (Bearish on Everything),…
Brazil Approves Another Solana ETF
This week, the Brazilian securities authority authorized the second Solana exchange-traded fund (ETF), the second such action in August. Although the cryptocurrency-based investment vehicle is becoming more popular in Brazil,…
Trading activity in Solana’s DEX ecosystem may be surpassing that of Ethereum
A noteworthy accomplishment has been made by Solana’s decentralized exchanges, as the volume ratio of the SOL -2.23%: ETH -1.40% DEX has reached an unprecedented 136%. This unexpected turnabout would…
Crypto Analyst: Memecoin, Based in Solana and Up More Than 22,000% Year to Date, Is Still Positive
The analyst known by the name Altcoin Sherpa tells his 218,500 followers on the social networking site X that he is “still bullish” on Popcat (POPCAT). The expert, who wishes…
Jito will present the Solana restaking
The first code base for the Jito protocol, which unlocks staking and restaking platforms on Solana Solana sol 3.86% Solana, was published on July 25. It is possible that any…
GSR, a market maker, buys SOL expecting it to outperform BTC
According to GSR, Solana is currently long the cryptocurrency as it keeps pulling away from the group. After the introduction of spot Bitcoin ETFs in January and the planned introduction…
Last month, Solana saw the introduction of around half a million tokens
In May, developers released about 500,000 tokens on the Solana blockchain in response to reduced entry restrictions and the growing ambition to produce a successful memecoin. 455,000 coins were generated…
100% of priority fees are allocated by Solana validators, terminating the 50/50 burn split
On May 27, Solana validators cast a vote to take 100% of priority fees for themselves, abolishing the previous 50/50 split between validator rewards and burning fees. With 77% of…
Solana (SOL) Will Reach $200 By the End of May, According to Syncracy Capital’s Co-Founder
The native token of Solana, or SOL, is creating a stir in the cryptocurrency space. On Saturday, it reached a high of $174, its highest level in more than a…
Solana protocol Solayer introduces deposits
Solayer, a Solana-based firm creating a platform similar to EigenLayer, began accepting deposits on Thursday afternoon. A $20 million dollar cap was placed on the invite-only deposit period. Users have…
Airdrop claims for 120 million tokens with bonus are now open on Solana DEX Drift
The Drift Foundation, which is in charge of managing the decentralized exchange system for trading cryptocurrency perpetual futures based on Solana, has introduced the DRIFT token and made airdrop claims…
Franklin Templeton predicts that Solana will rank third among all cryptocurrency assets
Franklin Templeton: There’s a “High Probability” That Solana Will See the Next Great Thing The $1.5 trillion assets under management investment (AUM) firm Franklin Templeton has commended Solana’s development and…
Solana Introduces Google Cloud Gaming API
Through this collaboration, the solid infrastructure of Google Cloud will be leveraged to simplify the integration of Web3 into gaming. Solana Uses Google Cloud To Enhance Web3 Gaming Solana Labs’…
FTX Announces Auction of Locked Solana Tokens: Figure Markets CEO Confirms Participation
Amidst ongoing developments in the cryptocurrency market, FTX, the embattled cryptocurrency exchange, has revealed plans to auction off its remaining locked Solana (SOL) tokens. This decision follows the success of…
Solana Developers Test Congestion Solutions and Prioritize Traffic in Testnet
A group of developers focusing on the Solana blockchain, known as Anza, has made progress toward reducing the network congestion that has affected Solana’s performance. The new version of Solana,…
Why are Solana Transactions failing?
About 75.7% of all transactions involving the transfer of native SOLs across smart contracts failed on April 5, up from 75.5% the day before. Let’s see what’s happening behind the…
Understanding the Solana Network Glitch: Co-Founder Anatoly Yakovenko Addresses Concerns
Solana co-founder Anatoly Yakovenko has shed light on the recent network glitch that plagued the blockchain ecosystem, causing transaction failures and block finalization slowdowns. As of April 5, Yakovenko confirmed…
Solana Surpasses Ethereum in Transaction Volume: Analysis and Implications
In terms of 24-hour transaction volume, Solana has surpassed Ethereum and other Ethereum Virtual Machine (EVM)-based Layer-2 solutions, with a total of $3.654 billion compared to Ethereum’s $2.397 billion. Anatoly…