Tag: Solana
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…
BitMEX Founder Arthur Hayes Advocates for Meme coins’ Positive Impact on Blockchain Ecosystems
In a recent conversation with Real Vision founder Raoul Pal, BitMEX founder Arthur Hayes expressed his belief that memecoins play a significant role in blockchain ecosystems, despite facing criticism from…
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…
Binance Integrates Solana into Web3 Wallet as Solana’s DEX Activity Surges
The Solana network has been integrated into Binance’s Web3 Wallet, the company has announced. According to a recent press release from the exchange, Binance hopes to integrate the Solana network…
Empowering Decentralization: Tensor Unveils TNSR Governance Token on Solana
Tensor, a leading NFT trading platform operating on the Solana blockchain, has announced its groundbreaking initiative to introduce the TNSR governance token. This token marks a pivotal step towards decentralizing…
Solana Client Developer Jito Labs Halts Mempool Function Amid “Sandwich Attack” Challenges
In a significant development, Solana client developer Jito Labs has decided to shut down its mempool functionality, marking the end of a six-week battle against exploitative “sandwich attacks.” While Solana’s…
Kamino Unveils KMNO Token Airdrop for April: Points-Based Rewards Await Users
Kamino, a Solana-based DeFi protocol, is gearing up for an airdrop of its KMNO tokens in April. The distribution will be based on the points accumulated by users, rewarding them…
Clone Unveils Mainnet Launch for Enhanced Solana Trading
In a significant development for the Solana blockchain, Clone, a protocol dedicated to simplifying the trading of non-native tokens, is set to launch the public mainnet of Clone Markets and…
MixMob’s Galactic Alliance: Star Wars Stormtrooper Joins Forces with Solana-Powered Racing Game
In a galactic collaboration, MixMob, the innovative creator of the Solana-based blockchain racing game, has successfully licensed the iconic stormtrooper character from the Star Wars franchise. This strategic move marks…
Solana’s Jupiter DEX Surpasses Uniswap in Trading Volume: A Paradigm Shift in DeFi Dynamics
In a groundbreaking turn of events in the decentralized finance (DeFi) landscape, Solana’s Jupiter-based decentralized exchange (DEX) has emerged as a formidable competitor, outperforming Ethereum’s leading DEX, Uniswap, in a…
WEN Token Airdrop on Solana: Surge, Speculation, and Technical Hiccups
The recently concluded WEN token airdrop on the Solana blockchain has garnered substantial attention, with over a million wallets receiving the meme coin. Facilitated by the decentralized exchange aggregator Jupiter,…
Solana Ecosystem Flourishes with Over 2,500 Active Developers, Solana Foundation Reveals
In a recent report, the Solana Foundation announced a substantial achievement for its ecosystem, boasting over 2,500 monthly active developers. The foundation emphasized the consistent range of 2,500 to 3,000…
Solana Meme Coins Experience Substantial Price Correction Post-December Surge
In the wake of a remarkable December surge in the Solana ecosystem, particularly in meme coins, the fervor seems to be dwindling as the new year unfolds. Meme tokens, notably…
Etherscan Acquires Solscan to Boost Services and Expand Ecosystems
Etherscan, a well-known Ethereum blockchain explorer, has purchased Solscan, a top block explorer in the flourishing Solana ecosystem, in a major event in the cryptocurrency field. With its recent climb…
Solana Grapples With Saga Phones Shortage Amidst Surging Demand
As Solana’s Saga phones hit the market, the blockchain platform faces unexpected challenges in managing inventory, resulting in a wave of order cancellations. The predicament stems from an inventory mismanagement…
BitMEX’s Arthur Hayes drops Solana (SOL) in favour of Ethereum (ETH)
Co-founder of BitMEX Arthur Hayes has changed his investment approach, switching from Solana (SOL) to Ethereum (ETH). Hayes claimed to have received a “divine message” during meditation, which was the…