The leading Move-to-Earn project in crypto still made a significant profit despite the market’s dive in recent months. Impressive Performance During the Bear Market STEPN recorded a profit of $122.5 million during the second quarter of 2022, a five-fold increase upon its $26 million in earnings during the first three months of the year. This[Read more…]
Author Archives: SOLANA NEWS
17
Jul
Jul
Anyone can access diverse, risk-adjusted returns by analyzing and optimizing Friktion Volt portfolios. Friktion Portfolio Manager Makes Investing Easy Friktion, a Decentralized Finance (DeFi) portfolio management protocol on the Solana network, has introduced a portfolio manager to let users easily track their returns (Alpha) and values (Beta) across positions in Friktion’s capital allocation strategies (called Volts). “Friktion’s[Read more…]
14
Jul
Jul
STEPN combines Social-Fi and Game-Fi elements in a Web3 lifestyle application, where you can earn the in-game tokens by walking, jogging or running outdoors. Leading the Move-to-Earn Sector The GameFi sector is poised to lead the next wave of crypto adoption, and in addition to the play-to-earn model, there is also the move-to-earn (M2E) model. STEPN, one of the[Read more…]
12
Jul
Jul
GenesysGo is the backbone of Solana and wants to prove that performance and decentralization aren’t mutually exclusive. Powering the Fastest L1 When two friends started GenesysGo to run a Solana validator in February 2021, it could hardly be called anything but a humble start. Now the protocol now powers over 50% of the chain’s traffic. The team built one[Read more…]
11
Jul
Jul
Solana explorer provides some compelling investment strategies for the average trader. Looking for Better Strategies During the Bear SolanaFM, one of the many promising crypto startups in Singapore, revealed what it says are the best investment strategies involving options in Solana. Options offer investment opportunities that are often more profitable than regular assets. But many retail investors shy[Read more…]
10
Jul
Jul
As Web3 goes mobile with Solana’s flagship phone, Web3Wire News interviewed someone working on it to bring the mobile industry to a new level. Are Crypto Phones the Future? The Solana Phone announcement rattled the crypto world last month, promising to put the power of decentralization and Web3 in users’ pockets. Anatoly Yakovenko, the co-founder[Read more…]
08
Jul
Jul
Jupiter celebrates DeFi and NFT projects on Solana with weekly prizes. Weekly Prizes, Starting with $GMT Jupiter Aggregator, the primary liquidity aggregator and swap infrastructure for Solana ($SOL), has launched a trading competition and weekly giveaway for projects on the blockchain. Hubble Protocol will also award weekly prizes for trades on $USDH pairs with each featured token[Read more…]
06
Jul
Jul
Marinade Finance’s new Liquidity Mining Gauges grant more powers to $MNDE stakers. Hear Ye, Stakers Following the introduction of Validator Gauges that allowed $MNDE stakers to determine the allocation of Marinade Finance’s staked $SOL to validators on the staking protocol, Marinade announced the launch of Liquidity Mining Gauges on July 5. According to the protocol, the Liquidity Mining Gauges aim to transfer control of the distribution[Read more…]
04
Jul
Jul
Solana concentrates on network upgrades with three major changes that will improve its stability. Prioritizing Congestion Issues Solana is updating its community as it works on mitigation plans to make network congestion a thing of the past. Three new developments are targeted at improving the Solana network’s resilience and stability. First, QUIC is a general-purpose protocol meant to discourage and[Read more…]
02
Jul
Jul
One of Solana’s biggest decentralized lenders, Solend, evaded a margin call of $107 million last week. The Defi community has stepped in to prevent what may have resulted in Solana’s decline in price. Seeking the Whale While traditional finance looks at Decentralized Finance (DeFi) with some skepticism, its open nature just avoided a multimillion-dollar liquidation. Solend, Solana’s[Read more…]
