Category Archives: Solana News

Eclipse Introduces its Mainnet L2 Solution Eclipse, an organization specializing in Ethereum scaling solutions, has unveiled its Eclipse mainnet L2 (layer two) solution. This project, claimed to be the “fastest” Ethereum rollup, utilizes Solana technology, particularly the Solana Virtual Machine (SVM), which offers improvements over the traditional Ethereum Virtual Machine (EVM). The key advantages include[Read more…]

GALA’s Recent Decline Indeed, with its co-founders locked in an acrimonious legal battle, it’s no surprise that it has depreciated by 32% in the past month, as well as by 20% since the beginning of the year (whereas most major tokens have risen since January). But given that GALA itself remains fundamentally in the same[Read more…]

Recent Price Movements With a remarkable 15% recovery over the past week, the SOL price jumped to the high of $20. However, the psychological resistance of the crucial price level and the 50-day EMA led to a sharp 4% fall. Moreover, the fall aligns with the market correction as Bitcoin plunges below $27K. Currently, the[Read more…]

Impressive Growth Comparing the performance of Solana and Base, it’s evident that while Solana’s growth has been relatively stagnant, Base has experienced substantial expansion in its TVL. Over a span of just 41 days, the layer 2 network has achieved remarkable growth. In August, the network had a TVL of $175 million, marking an impressive[Read more…]

Major Shifts in Settlement Platforms During a panel at Mainnet involving representatives from PayPal and Paxos, emphasis was placed on the ongoing efforts to incorporate more blockchains into their systems. The discussion concluded with both representatives reasserting their commitment to enhancing blockchain adaptability. Solana’s Dominance in Web3 Payments Solana’s ascending trajectory in the payment, settlement,[Read more…]

Introduction Falling daily active addresses does not suggest a significant decrease in “actual” users, said Solana Foundation’s Austin Federa. Less bots using the network could explain the drop. Exploring the Numbers Despite a spate of recent developments most would characterize as positive, the number of daily active addresses using Solana recently hit a low point.[Read more…]

Price Outlook If the price manages to go past the recent high of $20.32, then it will likely test $22 level. The SOL price has recently breached the $20 mark. Regulatory Perspective Co-founder of Solana Anatoly Yakovenko talks about how the United States is discouraging innovation in Web3 by imposing too many regulations on the[Read more…]

Solana for Scale, Ethereum for Settlement The rationale for this conclusion can be found in Eclipse mainnet’s introduction of the Ethereum [ETH] SMV L2. As a modular rollup stack, Eclipse aims to provide settlement, data availability, and high-performance execution for its users. Because of this, Solana, which was once dubbed the “Ethereum Killer” now has[Read more…]

Eclipse Mainnet Announcement Eclipse has officially launched its new general-purpose layer 2 scaling solution, powered by the Solana Virtual Machine (SVM). This development marks a significant milestone in the world of blockchain technology. Key Features of Eclipse Mainnet Token Plans It’s worth noting that Eclipse currently has no plans to introduce its own native token[Read more…]

Solana’s Price Levels Solana’s price has escaped the downtrend and turned green. Key support and resistance levels are as follows: 1. Breakout in Progress The price is just under $20 at the time of this post which represents a major resistance. If SOL can break above, then the path is clear to the next target[Read more…]