Category Archives: Solana News

Lido on Solana Team Seeks Financial Assistance The Lido on Solana development team is facing financial challenges and has formally requested financial assistance from the Lido DAO community. The team reports a significant revenue shortfall against development costs, with expenses totaling $700,000 over the past year, while revenue only amounted to $220,000. This has resulted[Read more…]

Introduction The Ethereum Foundation introduces Ethereum Execution Layer Specification (EELS), enabling better prototyping and proposals for the chain. MakerDAO co-founder puts forth a proposal to fork the Solana codebase for Maker’s “Endgame.” Finally, Cosmos chain, Akash Network, successfully undergoes a huge upgrade, going live with Akash Mainnet 6. DeFi Highlights Big week for DeFi! Let’s[Read more…]

Solana’s Resilience in a Downturn During a market downturn, Solana (SOL) remained strong among institutional investors. Solana marks a streak of 9 weeks of inflows, totaling $0.7 million. In a week marked by dwindling interest in digital asset investments, Solana (SOL) has defied the trend, emerging as the preferred choice for institutional investors. CoinShares, a[Read more…]

The Rise of Solana’s Inflows The cryptocurrency market has recently experienced a trend of outflows, but there’s one altcoin that stands out. Solana has consistently registered inflows for nine consecutive weeks. In the most recent week, it attracted an additional $0.7 million in investments. Looking at the year-to-date performance, Solana’s appeal becomes even more evident.[Read more…]

Inflows Outpace Altcoins SOL investment products have attracted a remarkable $26 million in inflows since the beginning of 2023. This influx of capital surpasses all other altcoins, including Ether (ETH), which currently trades at $1,633. These numbers suggest that Solana is emerging as the “most beloved altcoin” among investors, according to insights from CoinShares. CoinShares’[Read more…]

The Rollercoaster Year of 2023 The year 2023 started off well but seems to be ending on a sour note. Just like last week, Grayscale’s historic victory has been forgotten. This decision, which could have serious long-term consequences, saved the SEC from hiding behind volatility and fraud excuses. As a result, the way has been[Read more…]

Investor Interest in Solana CoinShares, a Europe-based cryptocurrency management platform, revealed in its Monday report that investors have been withdrawing significantly from their crypto investment products in the past seven weeks. However, the reports indicate that institutional investors have been pouring money into Solana, the tenth largest cryptocurrency by market capitalization, for the past nine[Read more…]

Investor Interest in Altcoins While interest in altcoins has dwindled due to significant withdrawals from crypto investment funds, one cryptocurrency continues to generate excitement among investors – Solana. Recent Investment Trends According to a recent report by European digital asset manager CoinShares, over the past seven weeks, investors have been largely withdrawing from various crypto[Read more…]

Crypto Investment Outflows Continue Crypto investment products at asset managers like Grayscale, 21Shares, Bitwise, and ProShares experienced outflows of $11.2 million in the past week. This adds to a multi-week streak totaling $342 million. While the outflows cooled off considerably from the $168 million seen in the previous week, there is some hope that negative[Read more…]

Solana’s Recent Price History In June 2023, Solana price saw its most significant gains, starting from the $14.16 support zone and reaching as high as $32.40 by July 2023. Unfortunately, SOL cryptocurrency couldn’t maintain its position at this higher level and experienced a decline, becoming trapped within a distribution phase. Solana’s price was at $19.56[Read more…]