Category Archives: Solana News

Magic Eden, one of the largest NFT marketplaces for Solana, witnessed a decline in terms of transaction volume over the past month. This development could be a barrier to the growth of Solana in the NFT marketplace. Trouble in the garden of Magic Eden According to data provided by DappRadar, the volume and unique active users on[Read more…]

The silver lining in this bear market is that several cryptocurrencies have great upside potential. This will greatly benefit investors who seized this opportunity and accumulated the right cryptocurrencies at the right time. Solana (SOL) was one of the biggest stars of the last bull run. SOL’s price has significantly gone down, paving the way[Read more…]

It’s been a brutal year for cryptocurrencies, with the industry shedding trillions since hitting all-time highs last year. But the crypto market isn’t alone. Stocks, bonds, and many commodities were also riding high just a year ago. So, what we want to know is, is cryptocurrency underperforming or outperforming the market? Benchmarks It’s hard to[Read more…]

DappRadar data shows that the trading volume of other layer1 blockchain networks NFTs trading on OpenSea is up except that of Solana and Ethereum. OpenSea’s Ethereum (ETH) NFTs trading volume has declined for the fourth consecutive month, dropping 13% to $303M, the lowest since June 2021, according to Dune Analytics data. According to the data, OpenSea’s[Read more…]

October has been a bullish month for Dogecoin as the “Dogefather,” Elon Musk, takes over Twitter. Despite trading in the red at press time, the meme coin still holds over 90% gains. There has also been a rise in demand for the asset. This surge comes as many anticipate that DOGE would gain value due to Musk’s[Read more…]

After facing a market-wide correction, several coins, including Ethereum and Solana, have recorded substantial gains in the past week. Earlier today, Ethereum reached a 24-hour high of $1,652 before dropping to $1,602 at press time. The Ethereum killer Solana also peaked at $33.74 on the day. However, it has fallen to $32.66. Although both have suffered some[Read more…]

Solana’s NFT ecosystem witnessed commendable growth over the last few months. Furthermore, not only the NFT space, SOL’s price action also looked pretty promising as its chart was painted green. Interestingly, the metrics and market indicators suggested better days to come. But would that be the case? Solana [SOL] has been in the limelight for its[Read more…]

The crypto bear market that began in May has hurt Solana just as much as the rest of the market. CoinGecko reported a massive 16.4 percent increase, and the price of SOL is now at $32.27 at the time of writing. Messari’s most recent quarter on quarter performance evaluation of the Solana network provided illumination into the L1’s inner workings, thus[Read more…]

A Q3 assessment of Solana showed growth in its user activity and NFT activity. The proof-of-history blockchain, however, recorded declines in its TVL, revenues, and transaction fees within the same period House to over 350 decentralized applications (dApps), a new report from Messari revealed that leading open-source blockchain Solana [SOL] saw growth and some corresponding declines in Q3.  Titled[Read more…]

While the crypto market faces a correction period, Dogecoin has been able to notch gains. The popular meme coin has boasted over 44% gains in the last week alone. The cryptocurrency currently trades at $0.086 with a 24-hour volume of $3,308,559,307. This makes it one of the top gainers in the past week. There are[Read more…]