Author Archives: SOLANA NEWS REPORT

Exploring the Surge in Solana Inscriptions In the last three days, Solana has experienced a remarkable surge in inscriptions, surpassing the total count of all inscriptions created prior to this period. Solana Inscriptions Cross One Million Mark Solana (SOL), a prominent smart contracts blockchain, has not been immune to this surge. According to Flipside’s statistics[Read more…]

The Innovations of Solana Blockchain Solana is a fast and decentralized blockchain that competes with Ethereum, particularly after Ethereum’s transition to Proof-of-Stake. Solana distinguishes itself with several novel approaches, including the Proof-of-History mechanism, setting it apart in the realm of Layer 1 blockchains. The Native Coin: SOL The native coin of Solana is SOL, utilized[Read more…]

Solana Price Movement The Solana price has experienced a 6% decrease in the last 24 hours, reaching $68.30, amidst a general 2% decline in the overall cryptocurrency market. Despite this recent loss, SOL has shown resilience, posting a 6% gain in the past two weeks and a notable 20.5% increase in the last 30 days.[Read more…]

Circle Boosts Around-the-Clock Forex with EURC on Solana Circle, a stablecoin issuer, has taken a significant step in enhancing foreign exchange transactions and remittances by deploying its euro-backed stablecoin, EURC, on the Solana blockchain. The move is aimed at leveraging the Solana network’s characteristics, known for its cost-effective and rapid transactions, along with support for[Read more…]

Solana Surpasses Ethereum in Key Metric Solana (SOL) has recently exceeded Ethereum (ETH) for the first time in a significant metric, underscoring positive trends in the network and its associated token. Revenue and Weekly Change The popular altcoin Solana achieved over $1.5 billion in revenue, surpassing Ethereum’s approximately $1.1 billion. Solana also exhibited a positive[Read more…]

In Brief A trader made an unrealized profit of nearly $1.5M by trading the Solana meme coin, Dogwifhat, despite its extreme volatility. The trader’s portfolio, mostly comprising volatile meme coins, dropped to around $1.1M but the trader continues to hold the assets. Another trader realized a profit of over $1M trading Helium Mobile, as the[Read more…]

Bitcoin’s Rollercoaster Ride Bitcoin, the leading cryptocurrency, is currently playing a risky game around the $41,000 mark. Recent fluctuations have seen about $40 million blown in BTC bets. Despite a week-on-week loss exceeding 6%, Bitcoin has shown a solid yearly growth of 145%. The last six months witnessed a significant spike, fueled by excitement over[Read more…]

Solana Price Movement The Solana price has experienced a 6% decrease in the last 24 hours, reaching $68.30, amidst a general 2% decline in the overall cryptocurrency market. Despite this recent loss, SOL has shown resilience, posting a 6% gain in the past two weeks and a notable 20.5% increase in the last 30 days.[Read more…]

Introduction Back in June 2022, Solana’s founder, Anatoly Yakovenko, announced the Solana Saga mobile. A project that has taken almost as long as Cryptopunks to mint out. Solana has experienced a remarkable journey, particularly after the FTX collapse. The cryptocurrency has surged by 9X from its post-collapse lows, demonstrating the resilience and strength of its[Read more…]

Solana’s Remarkable Surge: Indicating Robust Market Demand Solana (SOL), recognized as the most powerful Layer-1 competitor to Ethereum (ETH), has once again ascended. Following the announcement that Solana Mobile’s Saga phone stocks were sold out in the USA, the price of SOL increased by 6%, surpassing the $75 level. US Saga Stocks Sold Out Solana[Read more…]