Author Archives: SOLANA NEWS REPORT

Base Surpasses Solana in TVL Base’s Total Value Locked (TVL) has reached $397.32 million, surpassing Solana’s TVL of $358.96 million. This signals a significant change in the DeFi sector. While Solana has performed well, with only a 9.64% drop in the past month, Base’s recent TVL surge has taken the spotlight. The DeFi Competitive Showdown[Read more…]

Decentralized Physical Infrastructure Networks (DePINs) on Solana Decentralized Physical Infrastructure Networks (DePINs) on Solana present an innovative alternative to conventional gig economy models. Leading Initiatives in the DePIN Movement Initiatives such as Hivemapper, Render, and Helium lead the DePIN movement on Solana. Kuleen Nimkar and the Potential for Earners Kuleen Nimkar, Solana Foundation DePIN lead,[Read more…]

The Plan for Magic Eden Let’s take a look at the plan for Magic Eden. The Approach to NFT Minting Magic Eden is a destination to discover, express, and own across digital cultures, offering the best and latest NFT collection on the Solana blockchain. The platform is planned to integrate Compressed Solana NFTs into the[Read more…]

Solana’s Rise in the Crypto and NFT Ecosystem Solana, a blockchain platform offering smart contract functionality using a proof-of-stake mechanism, has created a strong position in the crypto as well as NFT ecosystem. Launched in March 2020 by Anatoly Yakovenko, the platform is performing well and has achieved new heights in the increasingly competitive landscape.[Read more…]

Ethereum (ETH) Analysis Ethereum is currently the leading smart contract platform, while Solana was its biggest rival until the major crash. Due to the volatile nature of the crypto market, SOL Coin has been struggling with significant losses for a long time. So, what do the latest data tell us? According to a report by[Read more…]

The Solana Surge Solana often goes with the name tag “Ethereum Killer,” and it has been making waves in the crypto space. With its transaction speed and low transaction charges, Solana has positioned itself as a serious contender and the next big thing in the blockchain space. But what makes Solana stand out from other[Read more…]

Base Surpasses Solana in TVL Earlier this month, Base’s TVL crossed above that of the Solana network. Solana was still moving forward despite the weak TVL performance. Coinbase’s Base network has been growing at a rapid pace since its launch. The fact that it is an Ethereum (ETH) layer 2 network may partly explain the[Read more…]

Cryptocurrency Price Analysis: Solana (SOL) As of the latest update from Coinidol.com, Solana (SOL) is currently trading sideways below the $20.50 level. Solana Long-term Price Forecast: Bearish Since September 5, Solana has encountered significant resistance at the $20.50 level, preventing any upward movement. On September 21, the cryptocurrency faced resistance again when it exceeded the[Read more…]

Ethereum Leads the TVL Charge Ethereum made significant gains in Total Value Locked (TVL) over the past week, adding $2.46 billion to its holdings, marking a 5.25% increase. This growth was primarily driven by the participation of leading decentralized finance (DeFi) protocols such as Aave and Convex Finance. Aave and Ondo Finance Boost Ethereum’s TVL[Read more…]

Native Base Projects The majority of the TVL comes from only two native Base projects. Aerodrome Finance, a decentralized exchange, has the highest TVL at $97.83 million, while Friend.tech, a decentralized social networking service, stands at $36.53 million. Major Contribution Launched on August 28, Aerodrome offers customers a variety of services, including the ability to[Read more…]