Solana

Solona developers are working to remove FTX’s influence over Solana-based Serum DEX

November 14, 2022 1 min read

Following the compromise of FTX, which resulted in hackers withdrawing over $400 million from the bankrupt exchange, Solana developers want to fork liquidity hub Serum. Given that FTX created Serum, many developers believe the FTX hack may have had an impact on the decentralized network. Anatoly Yakovenko, founder of Solana, stated that developers are forking the Serum code today and will resume the protocol without FTX involvement. This is required

Solend is at risk of incurring bad debt as a result of a large lending position that is now underwater

November 10, 2022 1 min read

A significant lending position on the Solana-based lending platform Solend is now underwater, but infrastructure issues are preventing it from being liquidated properly. As a result, the protocol risks incurring bad debt. The loan is part of Solend’s primary lending pool. A 50% drop in the price of Solana (SOL) in the last three days has reduced the value of the collateral used for the loan. Under normal circumstances, other

Co-founder of Solana discusses the trustworthiness of the blockchain

November 7, 2022 1 min read

Anatoly Yakovenko, co-founder of Solana, stated that the ten partial or complete outages and lengthy block times that the blockchain experienced in 2022 are not the experience that they want to deliver. Yakovenko claims that while network outages and reliability problems plagued the network over the past year, recent updates will help the blockchain’s reliability problems. On November 5, Yakovenko spoke about the blockchain’s past and future in Lisbon, Portugal,

Metaplex drop by 60% amid the second airdrop of its native token

October 11, 2022 1 min read

The Solana NFT platform Metaplex (MPLX) saw a significant drop in the value of its native token. This comes after the announcement of a second airdrop. The Metaplex Token ($MPLX) is the governance and utility token for the Metaplex Protocol, which serves as the backbone of the Solana NFT ecosystem, and has been $0.35 on average over the previous two weeks. But it is now $0.12. This project’s announcement of a

The most recent outage on Solana was caused by a bug in the code and a broken node

October 7, 2022 1 min read

On Friday, September 30, at around 22:41 UTC, the Solana Mainnet Beta cluster came to an end because the network was unable to recover from a fork brought on by a flaw in the implementation of the consensus algorithm. A validator operates a hot-spare node, which is a second node that is active and intended to be used as a backup in the event that the primary one fails. However,