Category Archives: Solana News

The price of Solana (SOL) bounced from its low at around $27.5 after losing its key Support and reclaiming this important region as the price of Solana (SOL) eyes more rallies if the market continues to look more promising. The past few days have seen the crypto market has looked more decent, with the likes[Read more…]

Tulip and UXD lost hefty sums after Mango Markets was hacked—but both protocols today said they retrieved the tokens. Two Solana-based DeFi protocols have reopened following the $114 million hack of lending protocol Mango Markets.  Yield aggregator Tulip and stablecoin provider UXD have recovered tokens from Mango Markets, which was hit with a major exploit earlier earlier this month, and can[Read more…]

Enthusiasm around the Solana NFT market has been in short supply lately on Crypto Twitter as marketplaces push back on honoring creator royalties. Trading volume is creeping down, and it might not just be due to bad bear market vibes: rival blockchain network Aptos also appears to be stealing the attention—and funds—of some Solana NFT traders. Aptos, the[Read more…]

Wednesday evening marked a sensational moment for several Solana projects as they reopened after they received back lost money from the recent Mango markets hack. The tokens that UXD Protocol and Tulip lost due to the Mango Markets exploit have now been returned. Both initiatives have commenced the reinstatement of their services on the Solana[Read more…]

The Solana blockchain network has seen significant efforts toward NFT support in the past. Initial days saw Solana marketing itself as a more affordable option for the NFT market compared to Ethereum. While those efforts have contributed to network usage, Solana is still not the NFT powerhouse that the world expected. But is there still a chance[Read more…]

The decentralized finance (DeFi) Solana (SOL) network is among the most monitored cryptocurrency projects as the development team works to position it as an Ethereum (ETH) competitor. However, Solana’s growth is threatened by network-related issues like frequent outages.  In this line, about 33% of industry experts have revealed that they are losing trust with the Solana team mainly due to[Read more…]

DEC’s TRIP protocol can power an array of blockchain-powered ridesharing apps, starting with the firm’s own Teleport. The Uber of Web3? It’s not a new concept—Ethereum co-creator Vitalik Buterin theorized it years ago, and other startups have attempted to create a decentralized ridesharing service. But now the Decentralized Engineering Corporation (DEC) thinks it has the right model, and it[Read more…]

Two Solana-based decentralized finance (DeFi) protocols, Tulip and UXD, have recovered tokens from Mango Markets, a lending protocol that recently suffered a major exploit. This has enabled both projects to start reopening their services, giving confidence back to the Solana DeFi scene. The projects were affected when Mango Markets suffered a price manipulation attack and[Read more…]

Aptos (APT) had been off to a turbulent start last week after launching to much uncertainty in the crypto market. However, the project looks to have found its footing in about a week. Interest in the blockchain has skyrocketed, so the development of various projects has followed. So far, Aptos has taken the fight to[Read more…]

Is Solana summer over? Seasonality might suggest so, but if that’s enough for you, the blockchains usage across both defi and NFT landscapes has been falling recently. Competing chains are making targeted and dedicated efforts to get more involved in both defi and NFTs, leading to major growth and investment in the space at large.[Read more…]