Category Archives: Solana News

A new Solana scaling protocol named Layer N that could quicken DeFi derivatives and on-chain social networks has come out of a stealth development phase ahead of a mainnet launch expected next year.  Similar to Ethereum’s multichain scaling architecture, Layer N builds on top of Solana with the goal of increasing scalability and will be working[Read more…]

Market chatter from on-chain researchers involved with Solana and Ethereum blockchains suggests that FTX might be benefiting from funds that have moved out of the Wormhole protocol within the last few days. Wormhole is a popular Ethereum-Solana bridge championed by Jump Crypto and Sam FTX’s Bankman-Fried. The current rumors are frothy given the high level[Read more…]

Sam Bankman-Fried’s (SBF) crypto empire was rattled yesterday when Binance began selling off its 23 million FTT tokens, worth more than $500 million. In a statement made shortly after the transaction, Binance chief Changpeng Zhao (CZ) said that the exchange intends to sell all of its FTT tokens in the coming months. This is in response to[Read more…]

Solana has faced many challenges this year, but Breakpoint’s Games Day showed that the Solana GameFi ecosystem has huge potential. Solana’s Rocky Year  If last year’s Breakpoint conference was an all-out celebration that landed as SOL soared to staggering highs, this year’s event felt a lot more subdued. Landing in the midst of crypto winter,[Read more…]

Solana (SOL) News Updates After FTX Token Sale Announcement: After gaining an encouraging push with the Google partnership news, Solana (SOL) price appears back at square one now. With nearly 13% price drop in last 24 hours, the cryptocurrency has all but lost its gains from the Google Cloud news. Meanwhile, a section of the crypto[Read more…]

An impressive streak of green candles post a rebound from its multi-weekly trendline support (white, dashed) supported Solana [SOL] in swaying above the 20/50/200 EMA. The crypto saw an expected reversal from the $37-ceiling after a bearish hammer-like setup. In the meantime, the buyers could strive to step in near the 200 EMA to prevent further losses. [Read more…]

The moment is right for cryptocurrency investors to focus on potential 2023 purchases. Cryptocurrency buyers are searching for opportunities to offer them significant returns in the coming year. Most cryptocurrency investors do not consider popular coins because of the troubles of some currencies like Ethereum (ETH) and Solana (SOL). The Hideaways, an amazing new project, has been generating[Read more…]

Decentralized sports betting platform BetDEX is set to go live on the Solana Mainnet ahead of the upcoming Qatar FIFA World Cup 2022 which will be played from November 20th to December 18th. As of November 17th, three days away from the World cup, BetDEX will be open on Solana mainnet, according to Varun Sudhakar, BetDEX exchange[Read more…]

The year of 2021 has been one filled with challenges and hardships for Solana [SOL]. The network had been plagued with several outages, some even causing its native token SOL to take a double digit hit. SOL community members, too played an active role and were vocal in their criticism of Solana’s reliability issues. So far, the network[Read more…]

Top executives at Solana urged affected validators to move their operations to a crypto-friendly cloud service provider. Cloud service provider Hetzner has stopped providing its services to Solana (SOL) validators, according to a screenshot shared by stake pool operator SolBlaze on Nov. 2. Hetzner requested the unnamed validator to remove all Solana-related activities on their[Read more…]