Solana, one of the biggest DeFi chains by value locked, suffered network outages Tuesday. The Solana team first alerted users to the issue on Twitter at 8:38 AM New York time, saying the network had been “experiencing intermittent instability” for the prior 45 minutes. Some nodes on the smart contracts chain went offline after the…

Blockchain communities may never get along on Crypto Twitter, but that doesn’t mean the blockchains themselves can’t. Striving towards a world where all blockchains can seamlessly communicate, Terraform Labs has put forward $150M worth of its LUNA tokens. They are calling the fund Project Dawn. Terraform Labs (TFL) is behind the Terra blockchain, which makes…

Eden is a priority transaction network that protects traders from frontrunning, aligns incentives for block producers, and redistributes miner extractable value.

A bug in outdated versions of the leading Ethereum client for node operators, Geth, is causing forks on the chain, according to research by the Block. According to The Block, this could enable double spends on the world’s second-largest blockchain by market capitalization. Ethereum security lead Martin Holst Swende tweeted, “Fortunately, most miners were already…

Layer 1 blockchains are making extraordinary offers to attract DeFi protocols and juice liquidity.  It was Harmony earlier this week, and now it’s Avalanche. The Avalanche Foundation is offering $180M in liquidity mining incentives to bring more apps into its DeFi ecosystem.  The first recipients? Users of the Avalanche-deployed versions of lending platform Aave and…

The Solana blockchain’s SOL token is soaring to an all-time high, climbing the ranks to become the tenth largest cryptocurrency in terms of market capitalization.  SOL rallied as much as 38.8 % to $68.24 today, the highest ever. The digital asset is up 3,441.9% this year, compared with 353.3% for ETH and 58% for BTC. …

The price of Ethereum’s Ether has been rallying in the lead-up to the EIP-1559 upgrade. ETH crossed $2,500 for the first time since June 16 over the weekend — that’s a 47% increase from $1.7K on June 22, the lowest since hitting an all-time high above $4.3K on May 12. Analysts and traders speculate Ethereum’s…

Shame on you indeed. Much like the former leader of the free world, one DeFi protocol has had apes in thrall to its narrative of global domination. A force to break down walls between chains and conquer every territory on offer. Thorchain has been the darling of the wokest of woke defi influencers with its…

Okay, so this ultra sound money thang. What is it? Well it’s a meme. A joke from the inner circles of Ethereum communities to describe what’s going to happen to Ethereum as it transforms this year. And we have researcher Justin Drake to thank for its genesis which starts with a single tweet.

Ethereum gas prices spiked on Sunday as collectors, bots and apes raced to get their hands on newly launched NFT projects.  Gas fees, which briefly hit 600 gwei on Sunday due to demand, were reminiscent of a time when triple-digit gas fees were the norm. Gas fees for minting an NFT cost around $160. Yet,…