Solana has raised around $335.8 million over nine funding rounds, with Alameda Research, Andreessen Horowitz, and Polychain being its leading investors. Do you know that Solana is one of the first cryptocurrencies to use the groundbreaking proof-of-history (PoH) consensus algorithm that was built on the proof-of-stake (PoS) consensus algorithm? Solana (SOL), the ninth-largest cryptocurrency in the world,[Read more…]
Author Archives: ambcrypto.com
29
Oct
Oct
A Q3 assessment of Solana showed growth in its user activity and NFT activity. The proof-of-history blockchain, however, recorded declines in its TVL, revenues, and transaction fees within the same period House to over 350 decentralized applications (dApps), a new report from Messari revealed that leading open-source blockchain Solana [SOL] saw growth and some corresponding declines in Q3. Titled[Read more…]
29
Oct
Oct
Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. Do you know that Solana is one of the first cryptocurrencies to use the groundbreaking proof-of-history (PoH) consensus algorithm that was built on the proof-of-stake (PoS) consensus algorithm? Solana (SOL), the[Read more…]
27
Oct
Oct
The Solana blockchain network has seen significant efforts toward NFT support in the past. Initial days saw Solana marketing itself as a more affordable option for the NFT market compared to Ethereum. While those efforts have contributed to network usage, Solana is still not the NFT powerhouse that the world expected. But is there still a chance[Read more…]
24
Oct
Oct
Ethereum [ETH] Layer 2 (L2) platforms scalability boosting solutions continue to showcase strength despite harsh market conditions. And the good part is that investors are taking notice. But here’s another twist or rather another portfolio booster for the leading L2 platform, Arbitrum. Spearing ahead At press time, Arbitrum had the highest Total Value Locked (TVL) across all[Read more…]
22
Oct
Oct
Solana’s [SOL] break below the vital $30 range induced a streak of red candlesticks over the last three days. This trajectory highlighted a surge in the already existent bearish advantage. The decline below the $28 baseline exposed SOL to a further downside risk while keeping a rebounding opportunity intact. In the meantime, the 20 EMA (red)[Read more…]
20
Oct
Oct
The latest data from Santiment revealed that Polkadot [DOT] ranked above Ethereum [ETH] and Solana [SOL] as the blockchain with the highest development activity in the past seven days. While development activity on Ethereum and Solana totaled 78.79 and 67.21, respectively, in the last week, Polkadot logged a development activity index of 3124.14 within the same period. In addition, as of 18 October,[Read more…]
18
Oct
Oct
Despite the bleak NFT action in 2022, trends continue to emerge from this market for two main guests. Firstly, Ethereum [ETH], the king altcoins and Solana [SOL], the so-called ‘Ethereum killer’. But did this killer have the strength to beat the king within the NFT battleground? All hail the King Was ETH really the king within the NFT market[Read more…]
17
Oct
Oct
Solana [SOL] has been on the receiving end of a lot of criticism from the crypto community for its downtime debacle. However, the cryptocurrency may have trusted the NFT market as its saving grace. Recently, one of the largest NFT marketplaces, Magic Eden on Solana launched a new update. Magic Eden tweeted about the launch of Boots, a customizable NFT, with the[Read more…]
16
Oct
Oct
Magic Eden, the biggest NFT marketplace on Solana [SOL], with a monthly trading volume of over $87 million, announced its decision to implement an optional royalties structure on its platform. With this, buyers of NFTs on Magic Eden reserve the right to determine how much they wish to pay as royalties to the creators of these NFTs. Some[Read more…]
