Category Archives: Solana News

What Is Wormhole? Wormhole is a cross-chain bridge protocol that enables the transfer of digital assets between different blockchains. It plays a crucial role in expanding the functionality and utility of cryptocurrencies by breaking down the barriers between isolated blockchain networks. By utilizing Wormhole, FTX has showcased the potential of this technology to revolutionize the[Read more…]

The Current State of Bitcoin The price of Bitcoin has once again dropped to frustrating levels, causing losses in altcoins. This is not surprising as the increased regulatory pressure following the SEC’s lawsuits against exchanges clearly reflects the medium-term regulatory risks, leading to a weak risk appetite among investors. The lack of volume confirms this[Read more…]

The Shift from Ethereum to NewChain MakerDAO has been running on the Ethereum Virtual Machine since its inception. However, the upcoming native chain, NewChain, will be developed using a fork of Solana’s codebase instead of Ethereum. This significant shift represents a new chapter in the MakerDAO ecosystem. A Multi-Year Endeavor The final phase of this[Read more…]

The MakerDAO Announcement MakerDAO’s co-founder, Rune Christensen, has put forth a groundbreaking proposal for the project—a dedicated network. While numerous applications currently operate on the Ethereum network, there has been a noticeable trend in the DeFi space, with platforms striving to establish themselves on their own main networks, especially over the past year. Despite MakerDAO’s[Read more…]

Token Movement via Wormhole Bridge Tokens such as LINK, SUSHI, LUNA, and YFI are among the assets that are being moved using the Wormhole bridge. The activity, which commenced on August 31, has been ongoing and raises questions about whether it signifies a broader strategic move or a consolidation of wallets by FTX. An FTX[Read more…]

MakerDAO Co-founder’s Vision for NewChain MakerDAO co-founder Rune Post has suggested exploring a fork of the Solana codebase for NewChain, the proposed new independent blockchain for the Maker protocol. According to Post, Solana is the most promising codebase for this project, but Cosmos is also under consideration. The Endgame Plan and NewChain This move is[Read more…]

Rune Christensen’s Bold Proposal Rune Christensen, the co-founder of MakerDAO, has made a significant proposal for the future of the decentralized finance project. He suggests that MakerDAO’s upcoming native chain should be built upon a fork of Solana’s codebase instead of the Ethereum Virtual Machine (EVM), despite MakerDAO’s long-standing ties with Ethereum. MakerDAO’s native chain,[Read more…]

FTX’s Solana (SOL) Holdings and the Proposed Solution Amid concerns of a potential sell-off, the new management of the collapsed crypto exchange FTX is showing signs of moving its significant holdings of Solana (SOL) tokens. Solana’s co-founder has put forward a “win-win” solution to address this situation. Data shared on Twitter reveals that FTX’s cold[Read more…]

Solana’s Potential “Sweep the Lows” Scenario According to Cowen, Solana is likely to “sweep the lows,” a term often used in technical analysis to describe a situation where an asset’s price revisits its previous low points before potentially rebounding. This phenomenon is particularly common among altcoins during what Cowen refers to as the “secondary scare[Read more…]

Final Phase of “Endgame” Announced MakerDAO is reaching the culmination of its ambitious “Endgame” plan, aimed at establishing a series of independent subDAOs within its broader ecosystem. In a recent announcement by MakerDAO co-founder Rune Christensen, it was revealed that the final stage of “Endgame” will involve a comprehensive reimplementation of the entire Maker Protocol,[Read more…]