Category Archives: Solana News

If you’re playing the first-person shooter game Ev.io, you might notice new collectibles If you’re playing the first-person shooter game Ev.io, then you might notice something new among the enemy-packed corridors: collectibles featuring the logo of Solana’s BONK meme token. And it’s not just decor: Picking it up will earn you millions of BONK tokens—but[Read more…]

Solana’s NFT Market Experiences Significant Drop in May Solana’s secondary non-fungible token (NFT) sales witnessed a notable decline of nearly 50% in May, falling from US$85.7 million in April to US$44.9 million. The Forkast SOL NFT Composite, a metric that measures NFT activities on the Solana blockchain, also decreased by 12.13% during the same period.[Read more…]

One of the biggest selling points of Solana’s ecosystem One of the biggest selling points of Solana’s ecosystem is its low cost of utility for NFTs, especially when compared to its gas guzzling rival, Ethereum. Development funding on Solana But even on the svelte blockchain platform, development still requires funding. In an effort to cover[Read more…]

The Securities and Exchange Commission (SEC) unveiled a high-profile lawsuit against Binance on Monday, targeting not only the exchange but also its CEO Changpeng Zhao. The charges against them include commingling customers’ funds and attempting to evade U.S. securities laws using “sham controls” for determining business partnerships. Altcoins Also in SEC’s Sights In addition to[Read more…]

Solana Blockchain and Avorak AI Collaboration: Beta Testing Invitation Solana: Empowering High-Performance Decentralized Applications Solana, founded in 2017 by Anatoly Yakovenko, is a high-performance and unrestricted blockchain designed to deliver speedy, expandable, and secure decentralized applications (dApps) and digital currencies. Its unique approach to the scalability trilemma, balancing decentralization, security, and scalability in blockchain technology,[Read more…]

With many altcoins alleged to be securities in the United States Securities and Exchange Commission’s (SEC) latest filing, the spotlight has switched to the decentralization narrative, which is at the heart of blockchain technologies. Amidst this raging debate, the on-chain analytics firm published a report analyzing the degree of decentralization among different chains. Proof-of-stake network[Read more…]

Solana’s Latest NFT Feature Gains Popularity State compression is a way to store data directly on-chain that cuts down on cost by magnitudes of scale. It is already being used by teams across the Solana ecosystem to power large, user-friendly experiences. In fact, Messari’s recent tweet pointed out how a platform hugely benefited from this[Read more…]

Scalability and Blockchain Progress Scalability is one of the most significant barriers to blockchain progress in current times. Networks are continuously looking for new, innovative ways to improve transaction throughput so as to gain an upper hand in the competitive environment. Solana’s Approach to Scalability While most entities opt for the modular approach i.e, splitting[Read more…]

Bitcoin and Crypto Market Consolidation Bitcoin [BTC] and the majority of the crypto market danced to the tune of the sellers in recent days. In May, the prices of most crypto assets consolidated within a range. However, Solana appeared to break above a crucial resistance over the weekend. USDT Dominance Rises, Investors Flee to Stablecoins[Read more…]

Sales of NFT Assets Surge: BAYC Leads, Ordinals, and BRC-20 Displace Solana Sales of various assets in the NFT world significantly surged as the usual suspect, Bored Ape Yacht Club [BAYC], registered the most volume. With $18.16 million, BAYC ensured that Ethereum [ETH] collections’ volume rose by 242.29% in the last seven days. The increase[Read more…]