Author Archives: decrypt.co

It’s been a big day for Solana.  The ninth-largest cryptocurrency by market capitalization has risen by around 7% over the past day.  SOL, Solana’s native token, jumped from $35.2 to $38.87 early Tuesday morning. It has since retraced to $38.27 at press time.   Solana is a speedy, proof-of-stake (PoS) blockchain network that allows many of the same operations[Read more…]

On Thursday, Hubble Protocol—the Solana-based decentralized finance (DeFi) protocol behind stablecoin USDH—announced the completion of a $5 million fundraising round. Led by Multicoin Capital, the raise brings Hubble’s total financing to date to $15 million. Past investors in the protocol include DeFiance Capital, Delphi Digital, Crypto.com Capital, Jump Capital, and others.  Hubble markets its signature[Read more…]

Solana NFT project y00ts is off to a hot start since launching last night, topping secondary markets as the NFTs sell for a significant premium over the mint price. And amid the hype over the rollout, the Web3 tech company tied to the project has raised a seed round from some notable investors. Dust Labs, a tech startup linked to[Read more…]

Amid uncertainty about a potential move over to Solana, Helium’s HNT is losing value—and it’s now down 47% over the last month. Helium could be set for a major change soon, as the core developers of the crypto-powered wireless network want to move from its own blockchain to Solana. But if Helium’s token price is any[Read more…]

Solana co-founder Anatoly Yakovenko tells Decrypt about its new SMS platform and Android phone, the Solana Saga. In brief Solana Labs revealed a mobile platform called SMS and an Android smartphone device today. Decrypt spoke with Solana co-founder Anatoly Yakovenko after the event. Solana’s teasers leading up to yesterday’s “SMS” event suggested something to do[Read more…]