Category Archives: Solana News

Solana’s DeFi Growth Solana’s decentralized finance (DeFi) ecosystem has experienced a surge of activity in the past two months, with its total value locked (TVL) reaching its highest point since the year began, according to data from DeFiLlama. At press time, Solana’s TVL was $1.30 billion. The last time the network’s TVL was this high[Read more…]

Solana’s Recent Market Performance and Influences Solana’s recent price rise coincides with significant SOL transfers by FTX and Alameda this quarter. Could a large sell-off impact the price? Solana (SOL) has recorded gains in the past week, but two substantial holders of SOL can potentially influence the market. On-chain analytics firm Spot On Chain reported[Read more…]

Solana (SOL) and Bonk (BONK) Value Surges Solana (SOL) and its associated meme coin, Bonk (BONK), have witnessed remarkable surges in value, with SOL recording gains of over 71% and Bonk experiencing an astonishing 342% increase over the past 30 days. Solana Saga Faces Inventory Mishap Over the past month, SOL has seen a significant[Read more…]

Introduction In a surprising turn of events, Solana (SOL) has overtaken Binance Coin (BNB) to secure the fourth position in the cryptocurrency market by market capitalization, as reported by AMBCrypto. This comes on the heels of SOL surpassing XRP just a day earlier, highlighting the dynamic nature of the crypto market. Market Capitalization Battle As[Read more…]

Paxos Secures NY Regulatory Nod for Solana Launch Paxos, a leading stablecoin issuer, has recently obtained regulatory approval from the New York Department of Financial Services (DFS) to extend its operations to the Solana blockchain. This move marks a significant milestone for Paxos, which until now was only authorized to issue its Pax Dollar (USDP)[Read more…]

Solana Labs Apologizes for Overselling Saga Phones Solana Labs issued an apology for overselling its Saga smartphone, which experienced a surge in demand due to the attractive incentives that surpassed the phone’s intrinsic value. It has been a tumultuous week for the Solana Saga smartphone, winning the dubious distinction of the “worst phone of the[Read more…]

The Current State of Solana Despite some skepticism from whales, the prevailing sentiment remains optimistic. Solana saw a massive surge in its price over the last 24 hours. Whales got skeptical around this rally; however, sentiment remained high. Solana (SOL) has been one of the altcoins that has benefitted the most from the bullish sentiment[Read more…]

Solana’s Short-Term Volatility and Uptrend Solana has pools of liquidity to the south and could see short-term volatility to sweep these areas. Solana maintained its uptrend on the 12-hour and daily price charts. Certain Fib extension levels could stall the bulls for a while, or even force a reversal. Solana [SOL] broke out of a[Read more…]

The Fall of FTX and Solana’s Resilience In 2022, the cryptocurrency realm faced a significant setback with the collapse of FTX, triggering industry-wide repercussions. This adversity posed challenges for Solana, one of its standout blockchains, disrupting its course. Known for its innovation and tech strength, Solana had received praise, especially from important figures like the[Read more…]

Beyond BONK: Claim Multiple Token Airdrops with Your Solana Saga The Solana Saga smartphone has become a hot topic for owners as they can now claim various token airdrops and other perks, with more exciting opportunities on the horizon. The rising price of the leading Solana meme coin, BONK, significantly boosted the value of a[Read more…]