Solana (SOL) has seen a rally of over 14% over the past day, but exchange deposits from the whales could be a worrying sign for these gains. Solana Has Observed A Fresh Rally During The Past Day While Bitcoin has gone stale in the last few days, some altcoins have taken the front seat as […]
Solana’s creation was designed to work with all the functionalities of Ethereum and improve upon the issues that arose in the network’s early days. The blockchain has since grown in popularity in the past few years, with many crypto participants touting Solana as the one to dethrone Ethereum in the altcoin market. However, it seems […]
Thor Hartvigsen, a DeFi researcher and Business Development professional at Redacted Cartel, shared a detailed analysis into the potential of Solana to achieve mass adoption today. Hartvigsen’s examination focuses on the technical aspects and key developments (apart from price speculation) within the SOL ecosystem that might pave the way for its widespread acceptance. Parallel Execution, […]
The Solana network is back and busier than ever. According to on-chain data, Solana has witnessed a surge in trading activity active addresses as it continues to attract traders and investors amidst a consolidation in the entire crypto market. This surge has pushed Solana to a new milestone in over two years. The network’s daily […]
Recent discussions in the crypto community have centered around the possibility of BlackRock, the world’s largest asset manager, filing for a Spot Solana Exchange-Traded Fund (ETF). This speculation is fueled by BlackRock’s filing for a spot Bitcoin ETF in June and the recently submitted S-1 filing for a spot Ethereum ETF. However, Bloomberg analyst James […]
Mert Mumtaz, CEO of Helius Labs, a prominent player in the SOL ecosystem, recently shared his thoughts on the ongoing comparison between Ethereum and Solana, two leading Layer 1 (L1) blockchains. Through a series of posts on X (formerly Twitter), Mumtaz outlined several performance aspects where Solana has shown superiority. Mumtaz starts out by explaining; […]
Ethereum venture capitalists (VCs) are “not stupid” and know that investing in the world’s largest smart contract platform won’t result in the “multiples” they desire, according to a crypto user. Going by the handle R89Capital, claims that VCs are now looking at Ethereum layer-2 assets as vehicles to exit the market, dumping “Ponzi tokens.” Ethereum […]
Addresses related to FTX, the bankrupt crypto exchange, and Alameda Research, the trading wing associated with the exchange, have cumulatively transferred $13.35 million of assets to Binance, a crypto exchange via Wintermute Trading, over the last 24 hours. Related Reading: Linqto’s Ray Fuentes Reveals The Factors That Could Drive A Ripple IPO In 2024 FTX […]
Solana (SOL) Labs has recently unveiled its Incubator program. According to a recent announcement, the initiative aims to foster and support the development of startups building on the Solana network. The program offers a range of resources and assistance to early-stage companies, including engineering support, go-to-market guidance, fundraising advice, and access to Solana’s ecosystem. Incubator […]
Solana has been fondly referred to by community members as the ‘Ethereum killer’ but as time has passed, it seems the network has failed in its mission to become the leading smart contracts platform. Its proximity to the likes of FTX crypto exchange and Alameda Research have also dented its reputation. And even now, as […]
One developer, “0xIchigo,” behind Helius, a software company developing infrastructure for users to build on Solana, thinks Solana is winning the energy efficiency race. However, competing platforms, especially Ethereum, are here to stay. Ethereum and Solana aim to serve the same user base, but the former was the first to launch, with the latter being a generation-4 […]
Lido (LDO) on Solana (SOL), a prominent protocol within the Solana ecosystem, has recently decided to discontinue its operations over the coming months. The announcement follows extensive discussions within the Lido decentralized autonomous organization (DAO) community and subsequent voting by token holders, resulting in the approval of the sunsetting process. Lido On Solana Announces Sunset […]