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Can Solana reclaim $30 by the end of 2022? SOLUSD analysis

Despite the bloodshed in the cryptocurrency market caused by the liquidity crisis at FTX, some digital assets are starting to record modest gains, including Solana (SOL), leading analysts to try and predict its future price. One of them is a reputable pseudonymous crypto trading expert, maikisch, who observed the chart patterns of Solana and deduced that the decentralized finance (DeFi) asset “has been[Read more…]

Fintech and Web3 experts are ‘losing trust’ in Solana over unstable network

The decentralized finance (DeFi) Solana (SOL) network is among the most monitored cryptocurrency projects as the development team works to position it as an Ethereum (ETH) competitor. However, Solana’s growth is threatened by network-related issues like frequent outages.  In this line, about 33% of industry experts have revealed that they are losing trust with the Solana team mainly due to[Read more…]

Solana wipes out almost $1.5 billion in a week as network-related hacks mount

Decentralized finance (DeFi) asset Solana (SOL) is recording significant capital outflow, with the network facing various challenges, including hacks and system outages. The incidents appear to limit Solana’s potential to take over established platforms like Ethereum (ETH).   In particular, as of October 13, Solana had a market cap of $10.6 billion, representing a drop of over $1.43[Read more…]

Solana-based transactions hit 100 billion milestone in 2 years

The decentralized finance (DeFi) Solana (SOL) network continues to record progress as the blockchain attempts to compete with established platforms like Ethereum (ETH), a factor that has translated into increasing transaction activity. Indeed, as of September 22, Solana recorded a milestone as the number of Solana-based transactions has now hit 1 billion since its launch in 2020. The number[Read more…]

Solana co-founder says Ethereum has a long way to go in scalability despite Merge

Besides making the Ethereum (ETH) blockchain energy efficient, the Merge Upgrade is expected to improve the scalability of the network. However, a section of the crypto market ascertains that Ethereum won’t be solving the scalability issue anytime soon despite the historic upgrade.  In particular, Solana Labs Co-Founder Anatoly Yakovenko believes the Merge has minimal impact on improving Ethereum’s scalability based on the number[Read more…]

Solana-based transactions approach 100 million despite challenging 2022

The Solana (SOL) network continues to record development as the blockchain strives to take on established platforms like Ethereum (ETH), a factor that has translated into increased activity.  At the same time, the network is battling challenges related to blockchain efficiency, but transactions on the platform appear undeterred. In particular, as of September 6, the Solana number of transactions[Read more…]

Here’s why Solana’s smartphone launch doesn’t guarantee success

Anatoly Yakovenko, the co-founder and CEO of Solana (SOL), had a Steve Jobs moment when he announced the introduction of Saga, an Android Web3-focused smartphone, in front of an audience in New York City on June 23. This launch has the potential to propel Solana into the big tech majors, moving the DeFi asset firm[Read more…]