Category Archives: Solana News

Validators, which are responsible for confirming transactions and maintaining the security of the blockchain network, must consistently update their nodes to the latest releases to address any emerging network challenges. This release incorporates improvements specifically designed to address the persistent congestion issues that users have raised on the Solana Network in recent times. The network[Read more…]

Solana (SOL) Hits $145: Is it a Buying Opportunity Ahead of Bitcoin Halving? Solana (SOL) has surged by 10%, reclaiming $140 on April 17th, following a drop to as low as $126 on Tuesday. Key market leverage data indicates that optimism among Solana investors is at its lowest point in 5 months. Are these conditions[Read more…]

Introduction Derivatives decentralized exchange (DEX) Zeta Markets recently unveiled the whitepaper for their governance token Z on April 18. This token introduces a vote escrow (ve) model, with 30% of its total supply allocated for liquidity provider incentives. This development has the potential to ignite a competitive landscape dubbed the ‘Ve Wars’ on Solana, a[Read more…]

The Solana Project: Striving for Speed and Decentralization The goal of the Solana project is to build the world’s fastest network that is open, permissionless, and decentralized. However, Austin Federa, head of strategy at the Solana Foundation, acknowledges that achieving this goal is still a work in progress. During an interview at Paris Blockchain Week,[Read more…]

Exploring Solana’s Role in AI-Crypto Ventures Despite encountering recent transaction challenges, Solana remains a leading choice for AI and crypto ventures requiring rapid transaction processing. Its parallelized environment has attracted the attention of io.net, a decentralized network offering global GPU resources for AI and machine learning. Solana’s AI Landscape Bankless has expanded the discussion on[Read more…]

Introduction Hardhat Chad, the pseudonymous creator of the Ore project, has suggested that the Solana Foundation offer a reward if it intends to incentivize testnet activity. Solana Network Congestion This suggestion comes after the Solana network faced congestion issues for nearly a week with a transaction failure rate as high as 75%. Hardhat Chad’s Proposal[Read more…]

In response to the mounting congestion issues plaguing the Solana network in recent weeks, a major network update has been rolled out for validators early Monday. Anza Unveils v1.17.31 Update Anza, the development team that emerged from Solana Labs earlier this year, made an overnight announcement unveiling the release of the v1.17.31 update for the[Read more…]

Significance of the $150 Threshold At the heart of this struggle lies the significance of the $150 threshold. For Solana, surpassing this mark would signify a strong bullish momentum, potentially opening the door to further gains. However, repeated failures to do so have raised concerns among investors, highlighting the resilience of this resistance level. Looming[Read more…]

The Launch of Blockchain for Good Alliance The Blockchain for Good Alliance (BGA) made its debut at the Blockchain Life Dubai forum, uniting various organizations and individuals committed to addressing social, environmental, and economic challenges through blockchain technology. Partners in this initiative include Bybit Web3, Solana Foundation, MoleDaos, and others. Mission of BGA BGA’s primary[Read more…]

The Challenge The Solana blockchain, renowned for its rapid transaction speeds, has faced recent challenges. Introduction of Solution Despite these obstacles, Solana developers remain undeterred. They’ve introduced version 1.17.31, the first step in their plan to alleviate congestion and enhance user experience. Addressing Network Congestion Version 1.17.31 marks the initial effort to combat Solana’s congestion[Read more…]