Category Archives: Solana News

Mango Markets, a decentralized trading platform on the Solana blockchain, has become “ripe for harvest” when it fell victim to hackers who stole more than $100 million from the platform, Fortune reported Wednesday. The hack looked to be the consequence of a price manipulation on Mango Market’s native MNGO token, according to a tweet from the platform.[Read more…]

Solana NFT project DeGods has removed royalty fees, and Zuckerberg says Meta is looking at an open Metaverse as a new VR headset rolls out. OpenSea has officially opened up support for the Avalanche blockchain, with the move providing broader access for the network’s native nonfungible token (NFT) projects and faster transactions for OpenSea users. The Avalanche[Read more…]

The $100 million exploit of  Solana-based decentralized protocol Mango Markets has sent the value of its native token MNGO and that of SOL spiraling down over the last 24 hours. CryptoSlate data shows that the  MNGO token fell more than 40% in the last 24 hours to $0.02396. During this period, SOL also shed roughly 1% of its value[Read more…]

Mango Markets, a Solana Decentralized Finance platform, lost more than $100 million in a price manipulation attack. The $100 Million Breach Mango Markets confirmed that an effective hack had occurred on its treasury. According to the tweet by the DeFi Platform, the malicious attackers made away with a large number of digital assets through an[Read more…]

Today, the fundraising process for founders is highly-centralized, with a handful of elite venture capitalists controlling who gets funded and who doesn’t. In addition, founders must typically wait ten years or more for their company to “go public” and become traded on a liquid exchange. But that could soon change as blockchains like DeSo enable founders to[Read more…]

The MPLX token hit a new low price just weeks after launch, hours after Metaplex offered up 40 million tokens for NFT buyers. The Metaplex Foundation, which oversees Solana’s Metaplex NFT protocol, recently launched an airdrop of its MPLX token for Solana NFT creators—and on Monday, it extended the offer to eligible collectors that had previously interacted with certain NFT projects. However,[Read more…]

Good news came in for SushiSwap [SUSHI] as it managed to nab the second position in the list of top gainers in the Solana ecosystem in the last seven days. Sushi registered some promising price movements lately that helped the token achieve this new milestone as it registered over 12% weekly gains.  According to CoinMarketCap, at press time, SUSHI was[Read more…]

Bitcoin wobbled around the $19k-mark and Monday’s high and low can be very useful for lower timeframe traders to form their biases around. The momentum for the king of crypto has been bearish recently, although the weekend saw little volatility. Solana [SOL] faced selling pressure over the past week as well. Traders could watch out for a buying[Read more…]

The popular Solana NFT brand becomes the latest collection to switch to a royalty-free scheme. Declaring the move its “next experiment,” the NFT collection DeGods is the latest to institute a 0% royalty policy. Calling the move the best decision for its business, it effectively removes the collection from potential future legal actions relating to[Read more…]

Solana has come under fire in recent weeks after it suffered another outage last month, preventing users from making transactions on the network. As the problem persists, users worry about the future of the blockchain. Solana’s co-founder Anatoly Yakovenko has acknowledged that the outages are at the top of users’ concerns and assured the community of the[Read more…]