Solana - Page 8
Loading...
FTX Taps Solana and Sports Legends to Score Big in NFTs
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…
Loading...
Layer 1 Boom Drives Terra’s LUNA Token to the Moon
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…
Loading...
Solana’s SOL Breaks All-Time High as Ecosystem Comes Together
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. …
Loading...
Solana DEX Mango Markets Raised $70M in Token Sale
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.…
Loading...
Neon Labs' Solana Move Tempts Developers with Scaling Power
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,…
Loading...
Loading...
Solana Gains Most Among Layer 1s in Volatile Week
Solana, the Layer 1 blockchain which touts 50K transactions a second capabilities, weathered last week’s crypto sell off better than most. The chain’s SOL token is up 42% on the week beating out a rebounding Ether, up 10%, as well as sputtering Cardano, Tron, and Polkadot networks, down 5%, 20%, and 12% respectively at the…
Loading...
Solana DeFi Ecosystem Overview
Solana has emerged as one of the handful of smart contracts platforms competing to become a base layer for DeFi applications, with some of its projects gaining traction as its SOL token climbs to the top 15 by market capitalization. Solana, created in 2017, incorporates a so-called Proof-of-History timing mechanism that facilitates its Proof-of-Stake protocol…
Loading...
DEX Project Proposes Porting SushiSwap to Solana
The SushiSwap community is now voting on a proposal to build SushiSwap on the Solana blockchain using the Solana-based Raydium DEX as a bridge. Raydium proposes “acting as a bridge and partner for SushiSwap’s expansion onto Solana,” allowing SushiSwap to access additional liquidity from Serum and leverage the chain to increase transaction fees and lower…