Author Archives: SOLANA NEWS REPORT

Dogecoin’s Sideways Performance Dogecoin, XRP, and Solana are all navigating their distinct hurdles in the cryptocurrency market. Although a ray of hope develops, the term “crab market,” which refers to sideways trading, suits Dogecoin’s recent performance well. Meanwhile, XRP aims for a critical resistance level, while Solana remains negative. Dogecoin’s Recent Surge Dogecoin (DOGE) has[Read more…]

Solana (SOL) Finds Bottom, Experts Predict Market Rally With every waking moment, more and more individuals are becoming more enlightened about the crypto market. While there are thousands of projects, not every crypto offers profitable investment. This article examines whether the current market conditions make it a favorable time to consider investments in Solana (SOL),[Read more…]

Solana’s Daily Active Addresses Hitting Significant Lows Solana’s daily active addresses have hit a two-year low, reaching levels not seen since 2020 when tracking data began. According to The Block’s Data Dashboard, Solana’s daily active users fell to 204,000 on August 31st. The 7DMA metric, which shows the average value of a data point over[Read more…]

The Financial Challenge The team behind Lido on Solana sought a $1.5 million lifeline from the Lido DAO to secure its future. Solana faced the specter of declining activity and a potential hit to SOL’s price. The Fate of Lido on Solana The fate of Lido [LDO] on Solana [SOL], a significant player in the[Read more…]

SOL Price Analysis Following the January gains, SOL price action has been sideways, with multiple corrections and bounce-backs. Nevertheless, Solana prices are still up 99% year-to-date. However, the recent correction from $28 warns of a steeper correction rally as the overall market feels the bearish pressure. With the ongoing correction rally gaining momentum, the SOL[Read more…]

Reasons for the Request Yuri Mediakov, the senior product manager at P2P, emphasized the need for financial assistance from the Lido DAO, stating, “We have made significant strides in both product and business development. However, to continue our efforts and take Lido on Solana to the next level, we seek financial support from the Lido[Read more…]

Immune to the Wave of Crypto Outflows While CoinShares’ head of research, James Butterfill, has noted in the report that crypto product outflows have cooled, dropping to $11.2 million during the week ending September 1, the run on negative sentiment over the last seven weeks has reached $342 million. Notably, Solana has experienced an inflow[Read more…]

Lido on Solana Team Seeks Financial Assistance The Lido on Solana development team is facing financial challenges and has formally requested financial assistance from the Lido DAO community. The team reports a significant revenue shortfall against development costs, with expenses totaling $700,000 over the past year, while revenue only amounted to $220,000. This has resulted[Read more…]

Introduction The Ethereum Foundation introduces Ethereum Execution Layer Specification (EELS), enabling better prototyping and proposals for the chain. MakerDAO co-founder puts forth a proposal to fork the Solana codebase for Maker’s “Endgame.” Finally, Cosmos chain, Akash Network, successfully undergoes a huge upgrade, going live with Akash Mainnet 6. DeFi Highlights Big week for DeFi! Let’s[Read more…]

Solana’s Resilience in a Downturn During a market downturn, Solana (SOL) remained strong among institutional investors. Solana marks a streak of 9 weeks of inflows, totaling $0.7 million. In a week marked by dwindling interest in digital asset investments, Solana (SOL) has defied the trend, emerging as the preferred choice for institutional investors. CoinShares, a[Read more…]