Author Archives: beincrypto

Solana SOL Price Rebounds 4% Following Instagram, Facebook NFT Wallet Support

Social media platforms Instagram and Facebook have announced support for native Solana wallets. The move expands nonfungible token (NFT) compatibility across the networks. This caused the SOL price to bounce back by 4%. On Nov. 3, Solana announced that the two social media platforms had integrated its NFT wallets. The rollout would be occurring on their respective mobile apps over[Read more…]

Not Again: Solana (SOL) Down 4% as It Suffers Another Outage

Solana network is back online after experiencing another outage that had it offline for six hours during the early hours of October 1. Solana Status revealed that the network was not processing transactions, adding that “developers across the ecosystem are working on diagnosing the issue and restart the network.” This marks the eighth time that the network has[Read more…]

Solana Ranks Near Bottom on DeFiSafety Technical Risk Score

Solana’s infrastructure relating to nodes is subpar, according to DeFiSafety. The chain is controlled by just 25 validator groups. SOL price and network TVL has slumped over the past six months. promo Get Ready for MetaFight Read now! The Trust Project is an international consortium of news organizations building standards of transparency. Independent ratings organization[Read more…]

Solana Ranks Near Bottom on DeFiSafety Technical Risk Score

Independent ratings organization DeFiSafety had few compliments for Solana following its repeated outages and reliability issues this year. The firm, which generates Process Quality Reviews (PQRs) for crypto and decentralized finance (DeFi) platforms, has released a report on Solana and it was highly critical. “Due to repeated downtime, Solana has the second-worst final technical risk[Read more…]