Browsing:SOL

Solana Labs has launched version 1.17.31
2 weeks ago 1 min read

Solana rolls out crucial update to tackle network slowdowns, enhancing validator performance

Solana Labs has launched version 1.17.31, a software update specifically developed to resolve congestion problems resulting from spam transactions. The update implements a stake-weighted quality of service (SWQOS) mechanism that gives priority to transactions from validators who have staked their tokens. It allocates 80% of network connections to these validators. Anza strongly encouraged MainnetBeta validators to execute the update whenever their overdue stake falls below 5% and to closely monitor their nodes following the upgrade. Solana Status has officially supported the upgrade for all MainnetBeta validators. Nevertheless, in order to fully reap the advantages of SWQOS, it is crucial for

Solana (SOL) had a substantial decline in value throughout the market downturn
2 weeks ago 1 min read

Solana (SOL) drops by more than 24% in the last 7 days

Solana (SOL) had a substantial decline in value throughout the market downturn, with its worth plummeting by more than 24% within the past week. The token’s market valuation exceeds $63 billion. Currently, Solana’s trade price is $142.9, and its market capitalization exceeds $63 billion. Although there was a decrease, the trade volume experienced a significant increase of more than 70%. Crypto experts’s analysis found that the price volatility of SOL over one week experienced a significant increase, while the prevailing attitude in the market remained pessimistic. Nevertheless, the social volume of crypto remained elevated, indicating its widespread appeal within the

Solana (SOL) has had a 6.25% surge in value over the last three days
4 weeks ago 1 min read

Solana (SOL) has had a 6.25% surge in value over the last three days

The native crypto of Solana, SOL, has had a 6.25% surge in value over the last three days, rising from about $180 to beyond $210. Although it has not surpassed its previous low of $162.74, the cryptocurrency, which is presently ranked 5th in the crypto market and has a total supply of 441 million, along with a market value over $88 billion, continues to demonstrate relentless momentum. The price is presently above the 100-day moving average on the 4-hour chart of the SOL/USD pair. If the price maintains its upward trajectory, there is a possibility that it may surpass its

Solana (SOL) has surpassed Binance coin (BNB) in market capitalization, becoming the world's fourth-largest cryptocurrency.
1 month ago 1 min read

Solana (SOL) Surpasses Binance Coin (BNB) in market cap to become the 4th largest crypto

Solana (SOL) has surpassed Binance coin (BNB) in market capitalization, becoming the world’s fourth-largest cryptocurrency. This follows a remarkable streak of growth, with Solana surpassing Ethereum’s performance in the previous 24 hours and achieving a record DEX daily volume number. Despite the downturn in the digital asset market, Solana has managed to surpass BNB in market capitalization, making it the fourth-largest crypto globally. The price and market cap of Solana have both increased by over 12% and over 9.58% in the last 24 hours. Currently trading at $204.2. This SOL has not been seen since 2021. Recent gains have given

Solana (SOL) has seen a significant recovery after 2 years
2 months ago 1 min read

Solana (SOL) approaches $200 mark after surging 50% in a month

Solana (SOL) has seen a significant recovery after 2 years, with a over 10% increase in market capitalization to $75 billion. In addition, SOL has seen over 27% increase in trading volume to $7 billion. The crypto is now 33% away from its all-time high (ATH) of $260.06 two years ago. Following this, crypto experts suggest that Solana is on the cusp of crossing the $180 price threshold, making it the most trending coin in the last 24 hours. In a month, Solana has seen a 50% surge, cementing its position as one of the most promising investments in the

2 months ago 1 min read

Crypto markets sees over $150 billion inflow as Bitcoin price soars above $57K

Bitcoin’s (BTC) price soared over $57,000 following several days of trading aimlessly between $51,000 and $52,000, hitting to a 26-month high. The last time the largest crypto by market cap hit $57,000 was in November 2021 when the price hit an all-time high of around $69,000. Bitcoin jump also triggered surge in alternative coins. Cryptos like Solana (SOL) and Bitcoin Cash (BCH), also saw huge rises, with SOL surpassing $110 and BCH reaching $300. Despite a quiet 7-day period last week, BTC’s bull run restarted on Monday afternoon, with the price surging to over $53,500. It is noteworthy that Bitcoin

Solana blockchain network suffers another outage, SOL price dropped
3 months ago 1 min read

Solana blockchain network suffers another outage, SOL price dropped

There is currently an outage on the Solana blockchain network, which is the 11th in the last two years. According to the most recent updates, block advancement has stopped, and Solana’s (SOL) mainnet beta has not been operational for roughly two hours. Two well-known block explorers, Solscan and OKLink, first reported that there weren’t many new transactions on the network, which led to the discovery of the issue. The most recent transaction was recorded at 9:52 a.m. UTC. Upbit, a crypto exchange, announced that it would not be taking any more SOL or other token deposits or withdrawals, citing ongoing

Will Solana (SOL) surge above $100 or dip?
3 months ago 1 min read

Will Solana (SOL) surge above $100 or dip?

Solana, the high-performance blockchain that drew attention throughout 2023, experienced a day of volatility as it sought the elusive $100 mark. After a rally brought the native token (SOL) within reach, it experienced a slight decline but managed to retain the majority of its recent gains, primarily hovering above $97. Analysts note that $100 has become a critical battleground, with significant selling pressure expected at the century mark. The year 2023 proved to be exceptional for Solana, demonstrating a remarkable turnaround from its previous rollercoaster. SOL reached a record high near $125 in December, driven by factors such as network

The Solana Foundation
3 months ago 1 min read

Solana Foundation Launches Token Extensions to Boost Advanced Functionality

The Solana Foundation, a non-profit organization dedicated to decentralization on the Solana network, has launched token extensions. This innovative offering aims to provide developers, enterprises, financial institutions, and Solana-native development teams with a comprehensive set of turnkey solutions for advanced token capabilities. On January 24, Solana announced the launch of token extensions, which marked a significant milestone in the company’s commitment to promoting decentralization, adoption, and security. Anatoly Yakovenko, co-founder of Solana and CEO of Solana Labs, expressed enthusiasm for the new development. He stated that token extensions enhance Solana’s unique features, making it an ideal platform for developers. According

Solana (SOL) Whale Circles Back for More Retik Finance (RETIK) as Presale Stage 6 Sells Out
3 months ago 3 mins read

Solana (SOL) Whale Circles Back for More Retik Finance (RETIK) as Presale Stage 6 Sells Out

Kingstown, Saint Vincent and the Grenadines, January 25th, 2024 The decentralized finance (DeFi) space has seen intense innovation recently, with projects trying to make crypto more accessible for mainstream users. One such project making waves is Retik Finance (RETIK), an ambitious DeFi ecosystem that bridges decentralized and traditional finance. Retik’s presale has continued gaining momentum, fueled by demand from both crypto whales and retail investors. According to the team one prominent Solana (SOL) whale who participated in previous stages has circled back to purchase more RETIK tokens in stages 5 and 6. This repeat investment signals strong confidence in Retik’s

Solana has achieved a milestone in stablecoin transfers, surpassing an unprecedented $300 billion in one month.
3 months ago 1 min read

Solana’s stablecoin transactions reach over $300 Billion

Solana has achieved a milestone in stablecoin transactions, surpassing an unprecedented $300 billion in one month. This surge in transaction volume is the highest ever recorded on the Layer-1 blockchain, demonstrating the platform’s growing prominence in facilitating stablecoin transactions. In January, Solana experienced a significant increase in stablecoin transfers, surpassing the previous month’s figures. December saw $297 billion in stablecoin transfers, representing a significant month-over-month increase. When comparing current statistics to January of the previous year, Solana has experienced an astounding surge of over 2,550%, handling only $11.5 billion in stablecoin transfers during the same period in 2023. Paxos recently

A key Solana DeFi player announces a 1 billion JUP token airdrop to users
3 months ago 2 mins read

A key Solana DeFi player announces a 1 billion JUP token airdrop to users

Jupiter, a major player in the Solana DeFi (Decentralized Finance) space, has made a game-changing announcement. The DeFi aggregator is planning to distribute 1 billion JUP tokens in a carefully planned airdrop, signaling the start of a massive giveaway campaign. Meow, Jupiter’s visionary founder, shared this exciting news, outlining the details of the long-awaited token distribution. Jupiter’s airdrop, scheduled for January 31 at 10:00 a.m. EST, aims to enrich the Solana DeFi community by distributing 1 billion JUP tokens to deserving users. This strategic move is consistent with Jupiter’s commitment to encouraging community engagement and empowering its users. The airdrop

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