Author Archives: SOLANA NEWS REPORT

Maple Finance’s Return to Solana Solana (SOL) has been gaining momentum due to its lightning-fast transaction speeds and robust smart contract capabilities. In early 2023, SOL prices rebounded from their 2022 lows, surging from $9.96 to $26.18 in January 2023. Recent developments in the Solana ecosystem include the resumption of operations by Maple Finance on[Read more…]

SOL Price Analysis: Key Support Levels If you’re a seller eyeing a potential downturn for SOL, it’s important to take note of the substantial buying interest in the $18-$19 price range. SOL recently retraced to a crucial bullish order block located near the $18 mark. MobChart data highlights the presence of massive buy limit orders[Read more…]

Vitalik Buterin Sells MakerDAO Stake Vitalik Buterin, co-founder of Ethereum, has made a significant move by liquidating his remaining stake in MakerDAO. The stake was valued at approximately $580,000. Christensen’s Praise for Solana Blockchain This decision came shortly after Rune Christensen, co-founder and CEO of MakerDAO, publicly praised the Solana blockchain’s codebase in a blog[Read more…]

SOL/USD The price of Solana (SOL) has witnessed a decrease of nearly 1% compared to its value from the previous day. On the local chart, SOL has shown a false breakout below the support level at $19.41. Should the daily closing price remain distant from this level, there’s potential for a rebound towards the resistance[Read more…]

The Crypto Market Sentiment As the bullish sentiment around the Bitcoin ETF started to fade, the crypto market witnessed a sudden downturn in a majority of prominent digital coins. The price drop recuperated the bearish momentum in the market indicating the downward trend may continue in the coming days. Market Statistics As of 6:57 a.m.[Read more…]

The Birth of ‘NewChain’ in MakerDAO’s Endgame Upgrade The creation of a native chain referred to as ‘NewChain’ is a significant component of MakerDAO’s Endgame upgrade. This plan, which was unveiled in May of this year, envisions transforming the Maker Protocol into a fully-fledged blockchain network. On September 1st, 2023, Christensen took to Twitter to[Read more…]

The Strengths of Solana Christensen’s endorsement of Solana is based on several key strengths that make it a standout choice: These qualities, according to Christensen, position Solana as a promising base for developing NewChain. Exploring NewChain and MakerDAO’s Endgame NewChain is an integral part of MakerDAO’s long-term strategy, known as Endgame. The overarching goal of[Read more…]

What Is Wormhole? Wormhole is a cross-chain bridge protocol that enables the transfer of digital assets between different blockchains. It plays a crucial role in expanding the functionality and utility of cryptocurrencies by breaking down the barriers between isolated blockchain networks. By utilizing Wormhole, FTX has showcased the potential of this technology to revolutionize the[Read more…]

The Current State of Bitcoin The price of Bitcoin has once again dropped to frustrating levels, causing losses in altcoins. This is not surprising as the increased regulatory pressure following the SEC’s lawsuits against exchanges clearly reflects the medium-term regulatory risks, leading to a weak risk appetite among investors. The lack of volume confirms this[Read more…]

The Shift from Ethereum to NewChain MakerDAO has been running on the Ethereum Virtual Machine since its inception. However, the upcoming native chain, NewChain, will be developed using a fork of Solana’s codebase instead of Ethereum. This significant shift represents a new chapter in the MakerDAO ecosystem. A Multi-Year Endeavor The final phase of this[Read more…]