Author Archives: SOLANA NEWS REPORT

SEC’s Case Against Binance.US In a partial setback for SEC’s case against Binance.US, Judge Faruqui denied the request to inspect the requested technical infrastructure documents. The exchange had termed the repeated requests “unduly burdensome”. The SEC wanted to inspect Binance’s software as part of a legal case that began in June. Meanwhile, Solana’s recovery is[Read more…]

Base’s Rapid Ascent The last month proved pivotal for Base. Data from DeFi Llama reveals that the network’s TVL surged by an astonishing 97.21% over the past 30 days. However, in stark contrast, Solana’s TVL dwindled, witnessing a decrease of 9.64% over the same period. Leading Projects on Base Two trailblazing projects native to Base[Read more…]

Top Projects on Base According to DeFi Llama, Friend.tech’s total value locked (TVL) increased by a staggering 540% in the past month. Most of this growth occurred after a surge that began on September 9, coinciding with a significant increase in daily trading volume. Base’s Multi-Network DeFi Platforms Further down the list, Base’s TVL is[Read more…]

Driving Factors Behind Base’s Rise Base’s remarkable ascent is attributed to projects like Aerodrome Finance and Friend.tech. Additionally, Base’s TVL is also attributed to multi-network DeFi platforms like Compound, Curve, and Uniswap. Impressive Growth in Total Value Locked (TVL) Base’s TVL has skyrocketed, reaching approximately $397.32 million within just a month and a half since[Read more…]

Solana ($SOL) Records Positive Ecosystem Development Solana ($SOL) traders on MetaMask are about to experience engineering brilliance thanks to a partnership with Solfare. Meanwhile, Maker ($MKR) recorded a huge price surge in September due to significant whale activity. Yet, investors say the best crypto investment for reliable ROI is Domini.art ($DOMI). Let’s delve into expert[Read more…]

Base Surpasses Solana in TVL According to DefiLlama data, the total value locked (TVL) on the Coinbase layer-2 network, Base, has recently reached a staggering $397.32 million. This significant increase in TVL has allowed Base to overtake the Solana network, which currently stands at $358.96 million. Over the past month, Solana’s TVL has decreased by[Read more…]

Solana Analysis On the daily chart, SOL’s price movement has formed a descending channel since July. The recent recovery on September 11th bounced off the channel’s lowest level ($17) and eased slightly in the mid-range, pausing near the high range. Currently, there is a pullback that could lose its strength within the 12-hour bullish order[Read more…]

The $20 Barrier: A Complex Challenge Solana’s journey beyond the $20 mark faces multiple resistance levels. Confluence at $20 The $20 price point is a confluence of various resistance levels that pose a formidable obstacle. Futures Market Dip The Futures market witnessed a decline in demand, granting sellers greater influence. Impressive Recovery but Ongoing Downtrend[Read more…]

Eclipse Introduces its Mainnet L2 Solution Eclipse, an organization specializing in Ethereum scaling solutions, has unveiled its Eclipse mainnet L2 (layer two) solution. This project, claimed to be the “fastest” Ethereum rollup, utilizes Solana technology, particularly the Solana Virtual Machine (SVM), which offers improvements over the traditional Ethereum Virtual Machine (EVM). The key advantages include[Read more…]

GALA’s Recent Decline Indeed, with its co-founders locked in an acrimonious legal battle, it’s no surprise that it has depreciated by 32% in the past month, as well as by 20% since the beginning of the year (whereas most major tokens have risen since January). But given that GALA itself remains fundamentally in the same[Read more…]