Category Archives: Solana News

Disclaimer: The datasets shared in the following article have been compiled from a set of online resources and do not reflect AMBCrypto’s own research on the subject. Solana traded within a range (orange) between $20.4 and $26.6, with the midpoint at $23.5 since mid-January 2023. Above $26.6, $30.7 is the next major resistance level. However, the $26-$27[Read more…]

Star Atlas has an innovative deflationary mechanism that allows players to engage in riskier activities for greater rewards. What is Star Atlas? Star Atlas is a metaverse-meets-crypto RPG game in which players can time-travel to the year 2620. This game is to explore the cosmos through virtual experiences.  The human race, alien species, and robotic species[Read more…]

olana has recovered remarkably from the losses it posted in November and December, especially for a multibillion-dollar market-cap asset. Further gains are likely, especially based on the higher timeframe trend. Is it possible that the expectation of a breakout will trap bulls before a reversal? The AI bot sets a bullish target of $54 in 2023,[Read more…]

Despite considering itself an “excellent product” and having “enough runway,” Everlend said it would be a “gamble” to move forward. Decentralized finance (DeFi) lender Everlend Finance shut down its operations on Feb. 1, citing the liquidity crunch in the lending market. The Solana-based protocol said that it decided to close its platform despite having “enough[Read more…]

Solana decentralized finance (DeFi) protocol Everlend Finance is closing down its operations and urging clients to withdraw funds from the platform. The company announced the decision on Twitter on Feb. 1, saying that despite having “enough runway” to continue operating, it would be a gamble under current market conditions. In particular, Everland’s team noted: “Unfortunately, rn liquidity[Read more…]

Solana-based DeFi lending protocol Everlend Finance has shut down its app platform, despite having sufficient runway to continue operating in the current business environment, the team said on Feb. 1. The Everlend team has moved the platform to withdraw-only mode. Users have been urged to remove their assets. The app will continue to operate until[Read more…]

Solana is widely regarded as the personal project of Sam Bankman-Fried (SBF). He single-handedly set a floor price of $3 before one of the most spectacular bull runs in crypto history to $267. SBF now faces decades to life in prison. SBF-connected insiders purchased hundreds of millions of SOL below $0.26. As far back as April[Read more…]

Everlend Finance, a DeFi lending protocol mode on the Solana blockchain, announced a full closure due to a liquidity crunch. Solana (SOL) made a remarkable comeback after sliding into single digits back in December 2022. Solana price jumped by 112% in the last 30 days to trade at $25, at the press time. However, the SOL network has[Read more…]

Despite some resurgence in NFT prices and transactions, the ecosystem might still be plagued with some downsides. Bloomberg, in its 31 January update, reported that the DeFiance Digital Revolution EFT, also known as ticketNFTZ, was shutting down.  The fund, which focused on NFT Exchange Traded Funds (ETFs), announced that it would close business on 28 February. According to the press[Read more…]

In 2021, Solana (SOL) experienced substantial growth due to the advocacy of Sam Bankman-Fried (SBF), a prominent figure in the blockchain industry. This entrepreneur’s efforts effectively elevated the altcoin’s visibility, contributing to its success. While Solana has several attractive features, including a scalable and developer-friendly network, other Ethereum (ETH) competitors possess these qualities as well.[Read more…]