Category Archives: Solana News

Solana’s NFT Sales Decline Solana’s NFT space witnessed a decline over the last 30 days, as evident from several datasets. According to CRYPTOSLAM, Solana NFT sales volume declined by 48% in the last month. Not only did sales volume decline, but data also revealed that the number of buyers and sellers for SOL NFTs dropped[Read more…]

SEC Lawsuits and Regulatory Challenges In early June, the U.S. Securities & Exchange Commission (SEC) filed lawsuits against major crypto exchanges like Binance [BNB] and Coinbase [COIN], and it labeled several altcoins, including SOL, as securities. This regulatory action has raised concerns, with even Vitalik Buterin expressing his displeasure at how projects like Solana are[Read more…]

Solana [SOL] Price Action Analysis – May Update Solana [SOL] showed promising performance in the last week of May. After experiencing a downward trend since mid-April, SOL managed to rebound from the critical $19.25 support level. However, as of the latest data, the price is currently facing resistance once again. Over the past four months,[Read more…]

Comparing the Performance of BNB, Solana, and Ethereum in 2023

Solana’s Short-Term Bullish Rally Solana continued its short-term bullish rally to flip the $20 psychological level back to support. Potential Bullish Rally After Network Update A recent price report highlighted the possibility of a rally for bulls from the $18.86 support level after bears cracked the $20 psychological level. The release of Solana’s network update[Read more…]

Solana’s Magic Eden has emerged as the leading NFT player within its ecosystem, showcasing impressive performance. Last week, the network’s NFT metrics displayed a positive trend, as evidenced by CRYPTOSLAM’s charts. NFT Metrics Greenlight The data indicates that the number of NFT sellers and buyers increased by over 20% in the past seven days. Moreover,[Read more…]

Solana’s TVL Performance and Shift in Focus Solana’s performance has been a mixed bag recently, falling short of the once-hyped “Ethereum killer” status. Its DeFi performance, in particular, has been lackluster, evident from its Total Value Locked (TVL). Solana’s current TVL stands at $268.94 million, far below its historic high of $10.03 billion in November[Read more…]

Solana Defends $19.2 Support Level Solana (SOL) has shown strong performance since last Friday, with the bulls successfully defending the $19.2 support level. Bulls Push Prices Past Short-Term Resistance Over the weekend, the bulls managed to push SOL prices past a strong short-term resistance. This has sparked optimism that further gains may follow based on[Read more…]

Unlocking the Secret to Solana’s Remarkable Success in 2023

Validators Update v1.14 Solana [SOL] has approved a new update for its validators named v1.14. After a majority of network users decided to upgrade to the new version on 22 May, v1.14 was considered to be adopted by the cluster. The good news was that, as per SOL’s tweet, the latest network update has been[Read more…]