A Social Layer Solution for Bridge Security: Solana’s Yakovenko and Ethereum’s Buterin in Debate After what seemed like an eternity, Anatoly Yakovenko, co-founder of Solana Labs, and Vitalik Buterin, co-founder of Ethereum, have resumed their discussion on bridge security. In late May 2022, blockchain activists engaged in a dialogue on detecting and preventing fraudulent attempts[Read more…]
Category Archives: Solana News
07
Apr
Apr
Solana’s NFT Landscape: Analyzing y00ts’ Migration and Impacts Solana’s NFT ecosystem recently experienced a significant event with the migration of one of its popular collections, y00ts, to Polygon. This move raised questions about the impact on Solana’s NFT space, but data suggests otherwise. Was Solana’s NFT Space Affected? Contrary to concerns, DappRadar data revealed that[Read more…]
07
Apr
Apr
The Solana Foundation Introduces Innovative Technology to Lower NFT Minting Costs The Solana Foundation Introduces Innovative Technology to Lower NFT Minting Costs The Solana Foundation has recently unveiled a groundbreaking technology that significantly reduces the cost of minting 1 million NFTs on the Solana blockchain. This new technology leverages state compression through Merkel trees, a[Read more…]
07
Apr
Apr
Solana Unveils State Compression: Revolutionizing On-Chain Storage Costs Layer-1 blockchain Solana has introduced a groundbreaking solution called state compression, aimed at significantly reducing the cost of on-chain storage. This technology has the potential to bring down the cost of minting 1 million nonfungible tokens (NFTs) on the Solana network to nearly $110, making it a[Read more…]
06
Apr
Apr
Solana [SOL] Consolidates Within $20 – $22 Range Amidst Bullish Sentiment Solana [SOL] has been closely following the movements of Bitcoin [BTC], as it continues to consolidate within the $20 – $22 range, while BTC trades within the $26.8K – $28.8K range in recent days. Despite this consolidation, there is a prevailing bullish sentiment as[Read more…]
06
Apr
Apr
Injective Unveils Cascade: The First Interchain Solana SVM Rollup Injective, a decentralized exchange and layer-2 protocol, has announced the release of Cascade, the first-ever Solana Sealevel Virtual Machine (SVM) rollup for the inter-Blockchain Communication (IBC) ecosystem supported by Cosmos. This new integration will bring the SVM into the broader Cosmos ecosystem, a decentralized network of[Read more…]
06
Apr
Apr
The Rise and Fall of Solana’s Price: Overcoming FTX Fiasco The price of Solana (SOL) took a hit in 2022, falling nearly 95% partly due to its association with the tainted reputation of crypto entrepreneur Sam Bankman-Fried and his collapsed ventures, FTX and Alameda Research. However, in 2023, SOL’s price has rebounded, making impressive gains[Read more…]
06
Apr
Apr
DeGods NFT Migration to Ethereum: Impact on NFT Trading Volume DeGods NFT, a popular NFT project, has officially migrated from Solana to Ethereum on April 1, 2023. This migration has not been without controversy, as it faced challenges from Dust Labs. In the last 24 hours since the migration, the impact on Ethereum NFT trading[Read more…]
05
Apr
Apr
Worldline Joins the Web3 Ecosystem The Web3 ecosystem is rapidly growing with firms trying to secure their spot in this environment. In line with this development, Worldline, a leading global payment service platform, has launched a strategic initiative on the Solana blockchain to enable projects on Solana to access Worldline’s payment platform. Bringing Global Payment[Read more…]
05
Apr
Apr
Institutional Investors Dump BTC and ETH Products While Increasing Bets on XRP, SOL, LTC, and MATIC Institutional investors have been shifting their focus from investing in Bitcoin and Ethereum to altcoins, with products that provide exposure to XRP, Solana, Litecoin, and Polygon seeing increased bets, according to CoinShares’ Digital Asset Fund Flows report. The report[Read more…]
