Solana

VanEck introduces staking rewards for its Solana ETN in Europe

4 hours ago 2 mins read

VanEck is making waves in the European investment landscape by introducing staking rewards for its Solana Exchange-Traded Note (ETN). This innovative feature allows investors to earn passive income from their Solana holdings, with rewards automatically reinvested to enhance the value of the ETN. As of mid-October, the Solana ETN has attracted approximately $74 million in assets and is traded on Euronext Amsterdam. Investors will receive 75% of the staking rewards,

Solana’s VP reveals how the blockchain tackles scaling and congestion to maintain high speed

October 5, 2024 2 mins read

Matt Sorg, Vice President of Technology at the Solana Foundation, recently shared insights on how Solana is tackling challenges related to scaling and network congestion while maintaining its reputation for high-speed and low-cost transactions. In an interview, he highlighted that Solana processes more daily transactions than all other blockchains combined, positioning it as a leader in the blockchain space. To stay ahead in the rapidly evolving blockchain ecosystem, Solana is

Solanex AI DEX Launches in Q4, Bringing AI to the Solana Traders

September 24, 2024 3 mins read

Revolutionizing the Solana Ecosystem with AI-Powered Efficiency In the dynamic landscape of DeFi, decentralized exchanges have emerged as essential platforms for P2P trading of digital assets. However, traditional DEXs often face challenges such as liquidity fragmentation, high transaction costs, and complex user interfaces. Solanex AI, a groundbreaking DEX on the Solana blockchain, aims to address these limitations by leveraging the power of artificial intelligence. What is Solanex? Unlike Jupiter, or Raydium – Solanex

Travala.com integrates the Solana network across the platform to provide SOL travel rewards

September 21, 2024 1 min read

The crypto-native travel portal Travala.com has included the Solana network, enabling users to obtain SOL travel rewards via its loyalty program. The AVA token, utilized for the trip incentive program on Travala.com, will be launched on Solana, marking it as the third network, following Ethereum and BNB Chain, where the AVA token is available. Travelers will soon utilize the AVA Smart Program, a travel loyalty initiative available on Travala.com, to

Solana Mobile unveils its new model, Seeker

September 20, 2024 1 min read

Solana Mobile has unveiled its second-generation Web3 phone, Seeker, which has garnered 140,000 preorders. The device, once referred to as Saga Chapter Two, is set for delivery in 2025 and will incorporate various new functionalities. Co-Founder Anatoly Yakovenko elucidates that the company intends to enhance the accessibility and affordability of Seeker, with its hardware and software intricately linked for web3. Notable features comprise a Seed Vault Wallet integrally built into

Solana (SOL) loses 12% of its value in the last seven days

September 5, 2024 1 min read

Crypto Kaleo, a prominent crypto expert, forecasts that Solana (SOL) may experience a further decline to $120. This decline could perhaps serve as a foundation for a more robust upward movement, allowing for consolidation before trying to reach new record levels. The expert accurately forecasted a decline in the price of Solana on August 27, and within three days, it dropped to $130. Today, the analyst reported that the value

Solana (SOL) transaction fees drop to a monthly low after peaking at $5 million in March

August 27, 2024 1 min read

The daily transaction costs of Solana have reached a multi-month low, suggesting a decrease in activity on the blockchain. The decline occurs as the enthusiasm surrounding meme coins on the blockchain diminishes, partially attributed to the introduction of Tron DAO’s SunPump. Notable tokens in the Solana ecosystem include Tether USD, Solana (SOL), Circle USD, Chainlink, and Render. The prominent meme coins on the Solana blockchain include dogwifhat, Bonk, Popcat, BOOK

Solana funds face a record $39 million outflow as investors grow concerned

August 21, 2024 2 mins read

Solana funds experienced a significant outflow of $39 million last week, marking the largest weekly withdrawal on record for the cryptocurrency. Analysts believe this may be due to investor concerns about Solana’s heavy reliance on memecoins, which has raised concerns about the platform’s stability and long-term prospects. CoinShares’ report on digital asset fund flows highlighted these significant outflows, with $37 million coming from the 21Shares Solana ETP and another $2

The SEC’s concerns about Solana’s security status have delayed potential ETF approvals

August 20, 2024 2 mins read

The U.S. Securities and Exchange Commission (SEC) has classified Solana (SOL) as a possible securities, which has impeded the launch of SOL ETFs. As a result, the Chicago Board Options Exchange (Cboe) has withdrawn the necessary 19b-4 forms from its website, causing a delay in the certification process. The SEC concerns have resulted in the withdrawal of VanEck and 21Shares’ 19b-4 forms, which are crucial documentation for the listing of

Over $340 Million worth of Solana (SOL) tokens set to be unlocked this month

August 18, 2024 1 min read

Solana (SOL) is scheduled to deliver its most substantial issuance this month, which has the ability to influence the price of altcoins. Wazz Crypto, a market expert, proposes that the trend of unlocking tokens may intensify, resulting in faster and more aggressive sell-offs. Nevertheless, there has been a change this week in the actions of investors and traders who are now withdrawing their investments from altcoins, as indicated by substantial

Analysts predict Solana breakout that could drive its price to $500

August 16, 2024 1 min read

Although the crypto market is seeing a decline, there is a growing sense of optimism surrounding Solana (SOL). Curbo, a market strategist and trader, has identified Solana’s upcoming price goals as $400 and $500. Curbo has expressed strong confidence in Solana’s long-term potential. He has the belief that Solana must break out of its current consolidation phase to attain these objectives. Curbo says that if SOL can successfully surpass this

Solana’s transaction failure rate has soars to 65%, raising concerns about its reliability

August 9, 2024 1 min read

Solana, a blockchain renowned for its rapid transaction processing, is currently under scrutiny because to its elevated transaction failure rates. The network’s reliability is being called into doubt due to its high failure rate, despite its well-known reputation for speed and inexpensive costs. Jupiter, a decentralized exchange aggregator operating on the Solana blockchain, has reported a daily transaction success rate of only 35%, with over 65% of transactions being unprocessed.