Category Archives: Solana News

Introduction MakerDAO, led by CEO Rune Christensen, is considering a significant shift in its long-term vision, including a potential move to a new blockchain that could be forked from Solana’s codebase. This move has garnered attention in the crypto community and has also led Ethereum co-founder Vitalik Buterin to sell his remaining MakerDAO tokens. In[Read more…]

Solana’s Compressed NFTs Achieve Record-Breaking Minting Volume In a recent development, Solana’s ultra-low-cost Compressed NFTs have set a new record in minting volume for the month of August. These Compressed NFTs saw a remarkable surge, reaching a total of nearly 78 million, surpassing their non-compressed counterparts. This significant growth comes at a time when the[Read more…]

Solana (SOL) Analysis The Solana network, known for its fast transaction confirmations and low fees, recently witnessed a significant drop in TVL due to the departure of institutional investors. This decline was accompanied by a drop in the SOL Coin price, which reached as low as $8. Now, as the popular altcoin shows signs of[Read more…]

Maple Finance’s Return to Solana Solana (SOL) has been gaining momentum due to its lightning-fast transaction speeds and robust smart contract capabilities. In early 2023, SOL prices rebounded from their 2022 lows, surging from $9.96 to $26.18 in January 2023. Recent developments in the Solana ecosystem include the resumption of operations by Maple Finance on[Read more…]

SOL Price Analysis: Key Support Levels If you’re a seller eyeing a potential downturn for SOL, it’s important to take note of the substantial buying interest in the $18-$19 price range. SOL recently retraced to a crucial bullish order block located near the $18 mark. MobChart data highlights the presence of massive buy limit orders[Read more…]

Vitalik Buterin Sells MakerDAO Stake Vitalik Buterin, co-founder of Ethereum, has made a significant move by liquidating his remaining stake in MakerDAO. The stake was valued at approximately $580,000. Christensen’s Praise for Solana Blockchain This decision came shortly after Rune Christensen, co-founder and CEO of MakerDAO, publicly praised the Solana blockchain’s codebase in a blog[Read more…]

SOL/USD The price of Solana (SOL) has witnessed a decrease of nearly 1% compared to its value from the previous day. On the local chart, SOL has shown a false breakout below the support level at $19.41. Should the daily closing price remain distant from this level, there’s potential for a rebound towards the resistance[Read more…]

The Crypto Market Sentiment As the bullish sentiment around the Bitcoin ETF started to fade, the crypto market witnessed a sudden downturn in a majority of prominent digital coins. The price drop recuperated the bearish momentum in the market indicating the downward trend may continue in the coming days. Market Statistics As of 6:57 a.m.[Read more…]

The Birth of ‘NewChain’ in MakerDAO’s Endgame Upgrade The creation of a native chain referred to as ‘NewChain’ is a significant component of MakerDAO’s Endgame upgrade. This plan, which was unveiled in May of this year, envisions transforming the Maker Protocol into a fully-fledged blockchain network. On September 1st, 2023, Christensen took to Twitter to[Read more…]

The Strengths of Solana Christensen’s endorsement of Solana is based on several key strengths that make it a standout choice: These qualities, according to Christensen, position Solana as a promising base for developing NewChain. Exploring NewChain and MakerDAO’s Endgame NewChain is an integral part of MakerDAO’s long-term strategy, known as Endgame. The overarching goal of[Read more…]