Solana - Optimisus

Solana Labs has launched version 1.17.31

1 week 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

3 weeks ago 0 mins read

Over $21M in Solana locked on Lido’s DeFi, affecting thousands

Lido, a large DeFi platform, has shut down its Solana services owing to a technical issue, rendering over $21 million in Solana inaccessible to users. This issue has raised concerns and complaints among the DeFi community, as the platform’s Solana services have been disabled for over 31,585 users. Despite the platform’s entire ecosystem worth more than $31 billion, its Solana services have fallen behind rivals, resulting in the closure. The closure of Solana operations locked up 112,923.29 SOL, worth around $21 million. Lido acknowledged the decision as tough but important for the development of its larger ecology.

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

4 weeks ago 1 min read

Solana (SOL) Meme Coins Leading The Rally

The launch of meme coins based on Solana in 2024 has seen several very promising launches, many of which have experienced returns above 1,000%. The most recent launch, $SLOTH token, became available on March 26 without a presale, providing investors with an opportunity to become early investors and achieve the greatest profits. The platform employs a similar strategy as prior meme currencies based on Solana, such as SLERF, BEFE, BOME, and $SLOTH, offering a smooth introduction and significant potential for profit. Slothana participated in the presale during the last week of March, 25 days before the Bitcoin halving event. This

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

3 months ago 1 min read

Solana blockchain activity spikes after Jupiter (JUP) airdrop

The Jupiter airdrop resulted in a significant increase in activity on the Solana blockchain. After the airdrop went live, transaction volume nearly doubled, rising from around 1,900 to over 3,000 transactions per second. This surge indicates that the crypto community is very interested in and engaged with the airdrop. However, increased transaction activity has resulted in a longer processing time on the Solana blockchain. The time it took to process a transaction tripled, from about 20,000 milliseconds to more than 60,000. This suggests that the blockchain is under increased demand and pressure due to the influx of transactions. Jupiter, a

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

3 months ago 1 min read

Jupiter DEX on Solana hits $480 million in trades, beating Uniswap

Jupiter, a decentralized exchange (DEX) operating on the Solana blockchain, has made waves by achieving an impressive $480 million in trading volume within 24 hours. Notably, the surge in activity propelled Jupiter ahead of Ethereum’s Uniswap, surpassing its trading volume by $10 million, according to data reports. A significant catalyst for this surge was the introduction of “Wen,” a new memecoin distributed via an airdrop on the Jupiter platform. The airdrop was aimed at Solana users who had interacted with Jupiter DEX within the previous six months, as well as owners of Solana Saga phones. Wen’s creation serves as an

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

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