Category Archives: Solana News

Meta has announced an end-to-end toolkit allowing Instagram users to mint NFTs on the Polygon (MATIC) blockchain and sell them on social media. The move has made MATIC one of the best-performing digital assets in the last 24 hours, rising by over 10% to $0.95. Meta turning Instagram into an NFT marketplace According to the[Read more…]

Social media platforms Instagram and Facebook have announced support for native Solana wallets. The move expands nonfungible token (NFT) compatibility across the networks. This caused the SOL price to bounce back by 4%. On Nov. 3, Solana announced that the two social media platforms had integrated its NFT wallets. The rollout would be occurring on their respective mobile apps over[Read more…]

V-Art’s new tool, called the V-Art Protocol, is aimed to help protect IP rights and improve NFT project licensing and will go live on Nov. 2, the blockchain-based digital content monetization platform said. Projects can verify, protect and manage their IP rights on NEAR and Ethereum blockchains, and V-Art aims to add Aurora and Polygon this year and Solana[Read more…]

Solend, a Solana-based lending protocol, reported a market manipulation attack that resulted in $1.26 million of bad debt for the protocol. The incident occurred on Wednesday, as noted by security firm PeckShield.  Solend runs a decentralized lending system that allows users to borrow and earn interest on crypto assets with the help of lending pools. The platform acknowledged[Read more…]

Arkham intelligence dashboard revealed that Alameda research has sold $284m worth of stablecoins to crypto exchanges in the last two days. Arkham’s intelligence dashboard revealed that FTX’s sister company Alameda Research sold $284 million worth of stablecoins to crypto exchanges between Oct. 31 and Nov. 2, according to data analyzed by CryptoSlate. The market maker[Read more…]

Solana’s Mango Markets and Solend have both come under attack in recent weeks.  Solana DeFi Attacked Again Another Solana DeFi protocol has been exploited.  Solend, a lending and borrowing protocol built on Solana, reported that an attacker drained $1.26 million of users’ funds Wednesday. The exploit was due to an oracle attack, meaning that an[Read more…]

More than 1,000 Solana validators currently are offline causing more than one-fifth of the Solana stake that secures the network to be delinquent The downtime is because Hetzner, a cloud service provider, has blocked all Solana network activity on its servers. Data from the RockawayX infrastructure dashboard show the Solana network delinquent stake ratio at 22% —[Read more…]

Many cryptocurrencies have gained support as the cryptocurrency market recovers. After months of being in the bearish crypto storm, Ethereum (ETH) and Aptos (APT) have recorded some positive statistics on the chart. However, in order to compete in the market, both projects must accelerate their growth. Dogeliens (DOGET), on the other hand, has emerged as a[Read more…]

The Bitcoin price is holding on at its current levels with bullish momentum fading on lower timeframes. The crypto market’s recent sideways price actions seem related to the upcoming macroeconomic events and their potential influence across global markets.  At the time of writing, the Bitcoin price trades at $20,500 with sideways movement in the last[Read more…]

Solana [SOL] recently faced backlash from the crypto community because of the outages in the second half of 2021 and first half of 2022. These mishaps raised several questions from the Web3 community related to the reliability of the blockchain.  However, in a recent report published by Solana, a few points were mentioned that suggested that the blockchain’s[Read more…]