Despite the current market downtrend, crypto traders are still finding ways to make life-changing gains. This is the case of some Solana meme coin traders who recently turned $6,400 into $8 million in 24 hours. On-chain analytics platform Lookonchain revealed in an X (formerly Twitter) that these traders turned $6,400 into $8 million by investing […]
Solana developers are gearing up for a crucial update scheduled for April 15 aimed at resolving the pressing issue of network congestion. This move comes in the wake of transaction failures skyrocketing due to an “implementation bug” as elucidated by Mert Mumtaz, CEO of Helius Labs. Helius Labs is at the forefront of providing backend […]
The Solana network has been experiencing unprecedented levels of congestion, leading to a record failure rate of transactions. According to data from Dune Analytics, on April 4, more than three-quarters of all “non-vote” transactions on Solana failed. This surge in failed transactions coincides with a significant increase in network activity, driven largely by the recent […]
A recent comparison was made between Solana (SOL) and Cardano (ADA). In response, Cardano’s founder, Charles Hoskinson, used the opportunity to throw what seemed like a subtle jab at the Solana network. Cardano Founder Thinks Solana Has No Real Network Value? The comparison was drawn when an X (formerly Twitter) user (known as Jeremy) stated […]
Solana (SOL) is currently riding a wave of its own, rallying significantly in the last 24 hours to a 22-month high. Interestingly, there is reason to believe that FTX’s former CEO, Sam Bankman-Fried (SBF), might have contributed to this bullish momentum. Solana Rises To As High As $136 Data from CoinMarketCap shows that SOL rose […]
Since the start of 2024, the Solana (SOL) price has not quite been able to replicate the strength with which it moved last December. While Bitcoin and most altcoins have turned in a positive performance in the past few weeks, the movement of the SOL token has been largely underwhelming and, at best, sideways. However, […]
On Tuesday, the Solana blockchain encountered a significant setback, experiencing an outage that halted block production for four hours and 46 minutes. This interruption in service is not the first for Solana, a network celebrated for its high throughput and speed, but also scrutinized for its operational stability. Validators were compelled to initiate a restart […]
Authur Hayes, co-founder and former Chief Executive Officer (CEO) of cryptocurrency exchange BitMEX, has singled out Solana as the most suitable cryptocurrency to invest in during the altcoin season. The Bitcoin billionaire hinted at the possibility of re-entering the Solana market, expressing optimism about the cryptocurrency’s price performance and future potential. BitMEX Co-Founder Sets Sights […]
The Solana on-chain transaction volume exploded in December, as the SOL, the native token, punched through various price levels in the month. SOL continued this price growth into early January but has since declined to shed some of its gains. On the other hand, on-chain data has revealed a consistent increase in the transaction volume […]
An analysis by blockchain analytics platform Kaiko revealed that XRP and Dogecoin (DOGE) are among the top four most liquid cryptocurrencies, only trailing Bitcoin (BTC) and Ethereum (ETH). This finding challenges the conventional wisdom that market capitalization is a wholesome metric for evaluating a cryptocurrency’s price, and thus, liquidity. XRP, Dogecoin among most liquid coins […]
In 2022, the cryptocurrency realm encountered a major hurdle with the collapse of FTX, triggering industry-wide repercussions. This adversity posed challenges for Solana, one of its standout blockchains, disrupting its course. Known for its innovation and tech strength, Solana had received a lot of praise, especially from important figures like the former FTX big boss […]
A recent analysis by Ryan Watkins, co-founder of Syncracy Capital, highlights Solana’s growing momentum in several key metrics that Ethereum once dominated. However, Watkins notes that running Solana nodes is more expensive amid this revelation. Solana Is Rallying; Key Metrics Swell In a post on X, Watkins noted that Solana has surpassed Ethereum regarding decentralized exchange […]