Solana

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

April 4, 2024 0 mins read

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

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

April 1, 2024 1 min read

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

Solana (SOL) Meme Coins Leading The Rally

April 1, 2024 1 min read

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,

Solana blockchain network suffers another outage, SOL price dropped

February 6, 2024 1 min read

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

Solana blockchain activity spikes after Jupiter (JUP) airdrop

February 1, 2024 1 min read

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

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

January 29, 2024 1 min read

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

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

January 29, 2024 1 min read

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

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

January 25, 2024 3 mins read

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

Solana’s stablecoin transactions reach over $300 Billion

January 22, 2024 1 min read

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

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

January 16, 2024 2 mins read

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

Bonk (BONK), a Solana-based dog-themed memecoin, has risen to become the third-largest memecoin in terms of market cap

December 11, 2023 1 min read

Bonk (BONK), a Solana-based dog-themed memecoin, has risen to become the third-largest memecoin in terms of market capitalization. This unexpected surge, which occurred on December 8th, saw Bonk’s price increase by an impressive 370% in the previous month, propelling its market capitalization to $762 million, surpassing competitors such as Pepe. According to CoinGecko data, Bonk has risen from $0.0000028 to $0.000012 in the last 30 days. This surge outpaced more

Whale moves 200,000 Solana (SOL) worth around $10 million to Binance

November 24, 2023 1 min read

A significant amount of Solana (SOL) tokens, totaling around 200,000 SOL and valued at more than $10 million, were transferred to Binance, causing a jolt in the cryptocurrency market. This significant movement has fueled speculation about a possible sell-off, resulting in a 1.89% drop in SOL’s price in the last 24 hours. A crypto whale transferred 200,000 SOL tokens to Binance, causing concern and rumors in the cryptocurrency community. The