Author Archives: Cointelegraph.com News

Solana outperforms Ethereum in daily transactions in Q2: Nansen report

Hype does not always equate to greater adoption, as the on-chain data from the second quarter of 2022 shows Solana (SOL) surpassing Ethereum in users’ daily transactions despite various drawbacks from both macroeconomic conditions and network outages.  Throughout the second quarter, Solana’s daily transactions consistently increased, ending with more than 40 million daily transactions compared to[Read more…]

Helium devs propose ditching own blockchain for Solana

Internet of Things (IoT) blockchain network Helium could transition to the Solana blockchain following a new HIP 70 governance proposal launched on Tuesday.  The Helium core developers said the need to “improve operational efficiency and scalability” was required in order to bring “significant economies of scale” to the network. The Helium network operates by users installing a[Read more…]

SOL price eyes 75% rally as Solana paints a bullish reversal pattern

Solana (SOL) continued its recovery trend on June 28 while inching closer to triggering a classic bullish reversal setup. SOL’s price gained 2.42%, reaching an intraday high of $39.40. The SOL/USD pair is now up 50% as a part of a broader retracement move that began on June 14 after falling to lows of $26.[Read more…]

Solana smartphone Saga triggers mixed reactions from crypto community

From comparing the project to Apple and Ethereum to bringing up network outages, the community reacted to the new Web3 phone by Solana. The Solana team has brought mobile phones to Web3 after revealing Saga, Solana’s Android mobile device that will go out with the project’s latest stack for Web3 developers, the Solana Mobile Stack. The[Read more…]

Just-In: Solana Raises $100 Mln Fund To Court Terra Refugees

The new fund is intended to support the growth of NFT, gaming and DeFi projects on Solana and to help keep former Terra developers on their feet following Terra’s fall. Solana Ventures and the Solana Foundation have formed a $100-million fund to help support the growth of nonfungible token (NFT), blockchain gaming and decentralized finance[Read more…]

Solana developers tackle bugs hoping to prevent further outages

Solana developers have tackled the “durable nonce transaction” bug that knocked the network offline for the fifth time this year earlier this month as network activity slows. Developers have fixed the runtime bug that caused the latest outage of the Solana (SOL) network on June 1. According to a report published by Solana Labs on[Read more…]