Solana

Solana drops by over 20% to trade near $110 before bouncing back to around $129

August 5, 2024 1 min read

In the last 24 hours, crypto traders have experienced a loss of more than $1 billion in their trading positions, as Solana’s value has dropped by over 20% before bouncing back to around $129. The decrease in value is ascribed to investor apprehensions regarding a potential economic downturn in the United States, the monetary policies of the Federal Reserve, and geopolitical conflicts. Amidst a decline in crypto prices on Monday,

Over $4 million in short positions liquidated as Solana’s (SOL) price rose to above $187

July 27, 2024 1 min read

In the last 24 hours, the cryptocurrency market has experienced liquidations totaling more than $63 million, with around $45 million coming from short positions. The price of Solana (SOL) rose above $187, resulting in the liquidation of around $4 million worth of negative positions. Poodlana experienced a significant increase in presale value, surpassing $3 million, primarily driven by investor demand in Asia. Although there was a substantial decrease of 67%

Solana’s price surges by over 8%, from $165 to a high of $180

July 27, 2024 1 min read

Solana (SOL) has garnered significant interest in the international crypto market as a result of the substantial increase in Bitcoin’s value and the news of the Ethereum Exchange-Traded Fund (ETF). Franklin Templeton, a well-known investment management company, is contemplating the submission of a Solana Exchange-Traded Fund (ETF), in line with the actions taken by VanEck and 21Shares. The price of Solana has surged by more than 8.48% in the last

Ethereum (ETH) price falls by over 7%, while the overall crypto market was down nearly 4%

July 25, 2024 1 min read

Ethereum (ETH) declined by over 7% throughout the last 24 hours, while the entire cryptocurrency market decreased by over 4%. This drop is attributed to investors evaluating the consequences of Mt. Gox’s recent transactions and broader economic events. At the time of writing, the value of Ether was around $3,185, reflecting a decrease of 7.9% in the past 24 hours. At the time of writing, the value of Bitcoin had

Solana surpasses Ethereum and BNB Chain in DEX volume

July 23, 2024 1 min read

Solana has surpassed Ethereum and BNB Chain in decentralized exchange (DEX) volume, representing over 37% of total DEX traffic. This surge in value is attributed to growing confidence in the Solana network, as its total value locked (TVL) has surpassed levels seen before the 2022 bearish market. Factors contributing to this increase include the rise in trading of meme coins on Solana’s decentralized applications, the efficacy of apps built on

Zeebit Plans to Launch Solana’s Onchain Web3 Risk-on Microgaming Platform

July 18, 2024 1 min read

Zeebit plans to introduce the inaugural completely decentralized risk-on microgaming platform on Solana blockchain, constructed with Sonic infrastructure. The platform will include traditional casino games, player versus player (PVP) games, and Web3 native high-risk experiences. These offerings will be supported by a system that ensures fairness and transparency, as well as a settlement process that does not involve custodial control. Zeebit’s platform will utilize Sonic’s scalable Layer 2 (L2) platform,

ShibSharks (SHSH) Set to Redefine Meme Tokens with Solana Blockchain Integration

July 8, 2024 2 mins read

ShibSharks (SHSH) is a new meme-based cryptocurrency project built on the Solana blockchain. It aims to create a strong, engaged community while offering various practical features. The project seeks to integrate the playful nature of meme tokens with the technological advantages of the Solana blockchain. The SHSH team aims for their platform to gain traction among crypto users, including investors, shoppers, and dedicated gamblers. Meme Coins: A Growing Phenomenon Meme coins

VanEck’s Matthew Siegel believes an Ethereum spot ETF approval will pave the way for a Solana ETF

June 28, 2024 1 min read

VanEck’s head of research, Matthew Siegel, believes that the approval of an Ethereum spot ETF will lead to a Solana ETF. VanEck filed for the first Solana (SOL) ETF in the US, sparking renewed interest in the Solana versus Ethereum debate. Siegel suggests that similar surveillance sharing agreements for Solana, as seen with Bitcoin and Ethereum spot ETFs, could help get a SOL ETF approved. He also points out that

Solana launches ZK compression, a new feature that drastically cuts costs

June 24, 2024 2 mins read

Solana (SOL) has implemented zero-knowledge (ZK) compression, a tool created by Light Protocol and Helius Lab, to assist developers in reducing expenses associated with token and account creation by compressing their on-chain state. The compression employs zero-knowledge proofs to guarantee the integrity of the data and enables data retrieval using supported RPC providers. Developers can reduce on-chain storage costs by storing just state roots on the blockchain and keeping additional

Solana increases its market share and developer activity, capturing 60% of DEX trading volume growth

June 21, 2024 2 mins read

Solana (SOL) has experienced substantial expansion in developer engagement and market presence, posing a formidable challenge to Ethereum’s prevailing position. The monolithic architecture of this system optimizes the many components of the blockchain, similar to Apple’s macOS. This optimization improves user experience, promotes innovation, and enhances security. Solana’s high-performance network facilitates the distribution of content, the operation of decentralized infrastructure networks, and the functioning of central limit order books. This

This Solana-based meme coin raises over $300,000 within the first 48 hours of its presale

June 20, 2024 2 mins read

Solciety, a leading participant in the PolitiFi meme currency industry, has garnered more than $300,000 during the initial 48 hours of its presale, which commenced on June 18th. The presale is set to last for a duration of 30 days, ending on the 18th of July. Solciety intends to use the popularity of PolitiFi tokens during the US election year by targeting a wide range of individuals through its distinctive

Solana Whales Move Over $500 Million Worth Of SOL In Several Transactions

June 17, 2024 2 mins read

In the past 24 hours, there have been six significant transactions by Solana (SOL) whales, even though the crypto market is pessimistic and the price of Solana has decreased. The initial transaction encompassed the transfer of more than 1.5 million SOL tokens, equivalent to $216 million, to an unidentified wallet. This was succeeded by the transfer of 1.13 million SOL tokens, amounting to $163 million, to four distinct wallets. The