Category Archives: Solana Projects

Solana NFT Protocol Metaplex Announces Layoffs in Wake of FTX Collapse

While it had no financial exposure to the fallen exchange, Metaplex appears to be suffering from reputational damage spreading to Solana. Solana NFT protocol maker Metaplex announced on Thursday that it has undergone a company-wide round of layoffs, as the contagion induced by crypto exchange FTX’s collapse last week continues to spread across the Web3 ecosystem. [Read more…]

FTX Contagion Spreads – Will ETHE And Grayscale Bitcoin Trust Share Same Fate As FTT?

The sudden decline of FTX has created a devastating effect on the entire Bitcoin and crypto market. Panic shorting of digital assets is the order of the day, with Solana taking a massive hit as many investors dumped the coin. FTT, the native crypto asset of FTX, has lost almost all its investor value. Most[Read more…]

Kana Labs Is Bringing Cross-Chain Swaps, Aggregation to Solana and Aptos

Kana Labs is buliding a multi-functional cross-chain aggregator platform, starting with Solana and Aptos, with future plans for EVM-compatible chains. Kana Labs on Solana, Aptos, Neon, Shardeum Kana Labs is an emerging Decentralized Finance (DeFi) project aiming to break down walls between blockchains, regardless of whether they are Ethereum Virtual Machine (EVM)-compatible or not. Kana Labs’ aggregator protocol[Read more…]

Solana developers are forking Serum DEX after FTX crisis

The Solana development team is working to fork the liquidity hub Serum in response to the hack that siphoned off over $600 million from the bankrupt crypto exchange FTX. Given that FTX created Serum, many developers believe the FTX hack may have had an impact on the decentralized network. Solana developers to fork Serum Anatoly Yakovenko, the[Read more…]

Flasko (FLSK) Presale Looks Appealing For Avalanche (AVAX) And Solana (SOL) Holders

It is not an easy thing for cryptocurrency investors out there to pick the right cryptocurrencies that can help them with generating profitable outcomes. That’s because most cryptocurrencies out there have failed to deliver promising outcomes throughout the year. Few of the leading cryptocurrencies such as Avalanche (AVAX) and Solana (SOL) are now going through[Read more…]

Solana FPS Game EV.IO Lands on Jerseys of ESports Team Luminosity

Solana blockchain game EV.IO partners with ESports team Luminosity, strengthening the connection between FPS games on Web2 and Web3. EV.IO Sponsors ESports Team Luminosity The logo for Solana blockchain game EV.IO now appears on the right sleeve of the jersey of traditional ESports team Luminosity. The jersey was revealed in a Tweet last week. Luminosity is an[Read more…]

Solana (SOL) And Polygon (MATIC) Investors Eye Up Flasko (FLSK) Presale

Solana (SOL) and Polygon (MATIC) have surged to the top 20 cryptocurrencies by market capitalization in light of their astronomical rise – in no small part driven by their utility.  However, like most cryptocurrencies, Solana (SOL) and Polygon (MATIC) face a long, hard road to recovery after losing as much as 80 to 90% of their[Read more…]

Binance To Delist HNT; COO Responds

The Helium Foundation’s token, HNT, will soon be removed from multiple trading pairs on the Binance crypto exchange. Helium executives have questioned this decision.  HNT Not Meeting Binance Standards On October 6, the Binance crypto exchange released a notice alerting the community that it was going to be removing the cross-isolated margin and spot trading[Read more…]

Uniglo.Io (GLO) Price Surge Leads To Outstanding Gains For Holders Outperforming Cardano (ADA) And Solana (SOL)

A little-known DeFi token called Uniglo (GLO) has been outperforming leaders like Cardano (ADA) and Solana (SOL). In fact, GLO is up 45% and hasn’t seen a red candle in two months. And it’s expected to maintain its value for the next months as well. How is it possible for a cryptocurrency to have not[Read more…]

How PussyDAO Is Using Solana NFTs to Sell Physical Underwear

Most people today likely first associate NFTs with digital-only items like profile pictures, artwork, and collectibles. But blockchain tokens can also be tied to physical art, property, and other tangible assets. In one provocative example of how NFTs could shake up retail and apparel, PussyDAO aims to use Solana NFTs as redemption coupons to purchase things like underwear and streetwear.[Read more…]