Author Archives: SOLANA NEWS REPORT

Solana Price Forecast: Navigating Through $150 to Potential Heights Solana (SOL) has recently witnessed a remarkable upturn in its price, surpassing the notable $150 resistance mark. This achievement signals a potential for continued market optimism. Recently, the altcoin has climbed by more than 2% over the past 24 hours, with Solana price trading at $153,[Read more…]

Several meme coin projects on Solana have been rugged over the past month, leading to investors losing a staggering $26.7 million. Solana founders have issued repeated warnings to users to discourage them from investing in such projects. However, even established influencers are participating in such activities and looking to scam users. A Slew Of Abandoned[Read more…]

Revitalizing Foundations on Solana DeGods, a prominent NFT project that shifted to Ethereum in March 2023, is contemplating a return to Solana, the blockchain where it first garnered distinction. The project’s founder, Frank, recently hinted at this possibility through a test image, sparking discussions within the cryptocurrency community. Historically, DeGods held the highest market value[Read more…]

Solana (SOL) Growth Momentum Many investors are preparing for this event by buying into projects with the potential to draw in massive profits. Solana (SOL) and Toncoin (TON) holders are moving to the DeFi industry, with Kelexo (KLXO) being their choice investment. Analysts believe this move is in anticipation of the new P2P lending platform[Read more…]

In response to the failed initial attempt, the Solana team and its community collaboratively re-launched the upgrade on the test network. This move came amidst heightened scrutiny over how cryptocurrencies manage network loads. The redeployment was crucial as it sets the stage for further enhancements intended for the main network, where transaction volumes are substantially[Read more…]

Validators, which are responsible for confirming transactions and maintaining the security of the blockchain network, must consistently update their nodes to the latest releases to address any emerging network challenges. This release incorporates improvements specifically designed to address the persistent congestion issues that users have raised on the Solana Network in recent times. The network[Read more…]

Solana (SOL) Hits $145: Is it a Buying Opportunity Ahead of Bitcoin Halving? Solana (SOL) has surged by 10%, reclaiming $140 on April 17th, following a drop to as low as $126 on Tuesday. Key market leverage data indicates that optimism among Solana investors is at its lowest point in 5 months. Are these conditions[Read more…]

Introduction Derivatives decentralized exchange (DEX) Zeta Markets recently unveiled the whitepaper for their governance token Z on April 18. This token introduces a vote escrow (ve) model, with 30% of its total supply allocated for liquidity provider incentives. This development has the potential to ignite a competitive landscape dubbed the ‘Ve Wars’ on Solana, a[Read more…]

The Solana Project: Striving for Speed and Decentralization The goal of the Solana project is to build the world’s fastest network that is open, permissionless, and decentralized. However, Austin Federa, head of strategy at the Solana Foundation, acknowledges that achieving this goal is still a work in progress. During an interview at Paris Blockchain Week,[Read more…]

Exploring Solana’s Role in AI-Crypto Ventures Despite encountering recent transaction challenges, Solana remains a leading choice for AI and crypto ventures requiring rapid transaction processing. Its parallelized environment has attracted the attention of io.net, a decentralized network offering global GPU resources for AI and machine learning. Solana’s AI Landscape Bankless has expanded the discussion on[Read more…]