Author Archives: SOLANA NEWS REPORT

With many altcoins alleged to be securities in the United States Securities and Exchange Commission’s (SEC) latest filing, the spotlight has switched to the decentralization narrative, which is at the heart of blockchain technologies. Amidst this raging debate, the on-chain analytics firm published a report analyzing the degree of decentralization among different chains. Proof-of-stake network[Read more…]

Solana’s Latest NFT Feature Gains Popularity State compression is a way to store data directly on-chain that cuts down on cost by magnitudes of scale. It is already being used by teams across the Solana ecosystem to power large, user-friendly experiences. In fact, Messari’s recent tweet pointed out how a platform hugely benefited from this[Read more…]

Scalability and Blockchain Progress Scalability is one of the most significant barriers to blockchain progress in current times. Networks are continuously looking for new, innovative ways to improve transaction throughput so as to gain an upper hand in the competitive environment. Solana’s Approach to Scalability While most entities opt for the modular approach i.e, splitting[Read more…]

Bitcoin and Crypto Market Consolidation Bitcoin [BTC] and the majority of the crypto market danced to the tune of the sellers in recent days. In May, the prices of most crypto assets consolidated within a range. However, Solana appeared to break above a crucial resistance over the weekend. USDT Dominance Rises, Investors Flee to Stablecoins[Read more…]

Solana’s NFT Sales Decline Solana’s NFT space witnessed a decline over the last 30 days, as evident from several datasets. According to CRYPTOSLAM, Solana NFT sales volume declined by 48% in the last month. Not only did sales volume decline, but data also revealed that the number of buyers and sellers for SOL NFTs dropped[Read more…]

Sales of NFT Assets Surge: BAYC Leads, Ordinals, and BRC-20 Displace Solana Sales of various assets in the NFT world significantly surged as the usual suspect, Bored Ape Yacht Club [BAYC], registered the most volume. With $18.16 million, BAYC ensured that Ethereum [ETH] collections’ volume rose by 242.29% in the last seven days. The increase[Read more…]

SEC Lawsuits and Regulatory Challenges In early June, the U.S. Securities & Exchange Commission (SEC) filed lawsuits against major crypto exchanges like Binance [BNB] and Coinbase [COIN], and it labeled several altcoins, including SOL, as securities. This regulatory action has raised concerns, with even Vitalik Buterin expressing his displeasure at how projects like Solana are[Read more…]

Comparing the Performance of BNB, Solana, and Ethereum in 2023

Solana’s Short-Term Bullish Rally Solana continued its short-term bullish rally to flip the $20 psychological level back to support. Potential Bullish Rally After Network Update A recent price report highlighted the possibility of a rally for bulls from the $18.86 support level after bears cracked the $20 psychological level. The release of Solana’s network update[Read more…]

Solana’s Magic Eden has emerged as the leading NFT player within its ecosystem, showcasing impressive performance. Last week, the network’s NFT metrics displayed a positive trend, as evidenced by CRYPTOSLAM’s charts. NFT Metrics Greenlight The data indicates that the number of NFT sellers and buyers increased by over 20% in the past seven days. Moreover,[Read more…]