Tag: Solana
DappRadar: DeFi Total Value Locked Soars to $192,000,000, Marking Best Performance in 15 Months
TVL, which stands for the total amount of money placed inside a protocol’s smart contracts, is frequently used to assess how well a cryptocurrency ecosystem is doing. The majority of…
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’s assertiveness in the face of Roaring Kitty, pump.a happy rush
The reappearance of “Roaring Kitty,” a well-known Reddit member on r/WallStreetBets who contributed to the 2021 joke stock craze, gave memecoin excitement a further boost last week. The account’s owner,…
The No. 2 app spot in the Google Play market is secured by Phantom Wallet, surpassing PayPal
PayPal was beaten by the cryptocurrency and NFT wallet Phantom in the Google Play store’s top apps. Phantom ranked second among free finance applications. It’s ahead of TON Wallet, Chime,…
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…
‘Block Trading’ Facility for MATIC, SOL, and XRP Options Revealed by Paradigm
Over-the-counter cryptocurrency liquidity network On Monday, Paradigm announced the launch of a block trading facility for options linked to well-known alternative cryptocurrencies (altcoins), such as MATIC, SOL, and XRP, on…
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’…
Update to the Solana Network is planned for late May
Update on the Solana Network slated to occur in late May. With its mainnet beta scheduled for May 27, Solana is preparing for a big overhaul. In order to address…
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…
Parcl Protocol on Solana Experiences 40% Drop in Total Value Locked After Airdrop
Parcl, the real estate market betting platform on the Solana blockchain, saw a significant decrease in total value locked (TVL) following an airdrop of its PRCL token. According to data…
Users will get an airdrop of 100 million tokens from Solana DEX Drift
Drift, a decentralized exchange system based in Solana that allows trading of cryptocurrency perpetual futures, is about to debut and airdrop DRIFT, its “governance” token. According to Drift’s announcement on…
A mining protocol similar to Bitcoin: Solana’s ore mining is suspended due to network congestion
Following an increase in network congestion on Solana SOL +5.43%, Ore, a startup that mines a currency similar to Bitcoin, stated that it is stopping mining. “I have decided to…
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…
FTX Estate Sells Locked-Up SOL Tokens, Sparking Investor Interest
The FTX estate recently conducted a significant sale of SOL tokens, amounting to approximately $1.9 billion, to alleviate debt pressures stemming from the collapse of the crypto exchange. This move…
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…