At 2:01 AM New York time Wednesday morning, the Solana blockchain went live once again, according to @SolanaStatus.  “The Solana validator community successfully completed a restart of Mainnet Beta after an upgrade to 1.6.25,” the platform reported. “Dapps, block explorers, and supporting systems will recover over the next several hours, at which point full functionality…

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…

Blockchains really only know themselves. That’s what blockchains are good at: knowing the current state of assets held by all the blockhain’s users with confidence grounded in cryptographic verifiability. “[Blockchains] don’t have the ability to speak to the outside world, so they aren’t able to incorporate that into their logic and their contracts,” Kanav Kariya,…

Staking assets on a blockchain helps to secure the network, but losing that liquidity can be painful for traders and investors. So the team behind the derivatives protocol, Lido, created a staking derivative that allows investors to stay liquid while also supporting the security of the networks they rely on. So far, Lido has enabled…

OpenSea better watch its back.  Crypto investors have known for weeks that FTX, the offshore exchange that handles about $40B in daily trading volume, was spooling up an NFT minting operation. Then word came early this week that the Hong Kong-based platform was going to enable its customers to withdraw NFTs from FTX on either…

And you thought Solana was hot. Well, it is, but Terra’s LUNA token has eclipsed SOL in the last month.  LUNA has skyrocketed about 265% in the last 30 days compared to SOL’s 150% performance, according to CoinGecko. While Avalanche’s AVAX token has more than tripled in value in that period one thing seems clear…

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. …

Mango Markets, a decentralized exchange (DEX) on Solana, raised $70M from the sale of its governance token $MNGO.  Over a two-day sale period ending on August 11, buyers claimed 500M $MNGO tokens, in what the team called a “fair launch.”  Mango tokens give holders entry to the Mango DAO that governs the Mango Markets protocol.…

Neon Lab’s announcement that it will offer its Ethereum Virtual Machine scaling solution on Solana made quite a splash this week. It also prompted a cryptic response from 0xMaki, Sushiswap’s “fearless leader,” as he’s identified on the project’s website.   0xMaki responded to Neon Labs’ tweet with a string of pencil on paper emojis, the sun,…