The exploited Multichain bridge briefly opened on Nov. 1, and a trader managed to use this opportunity to buy debugged assets at a discount, allowing them to make more than $1.5 million in profits. Welcome to Finance Redefined, your weekly dose of essential decentralized finance (DeFi) insights — a newsletter crafted to bring you the…
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Mainstream commerce and big brands report improved business results and promising loyalty programs through integrations with the wider Solana ecosystem. Web3 tools powered by layer-1 blockchain Solana are driving tangible returns and delivering deep customer data insights, according to prominent mainstream brands and companies that attended Solana Breakpoint. The four-day conference in Amsterdam attracted a…
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FOR UPDATE… Solana has demonstrated remarkable resilience on its bullish trajectory, despite experiencing minor setbacks in the 24-hour timeframe. Recent on-chain data reveals the altcoin concluded the month of October with an impressive 62% gain. This surge in performance has garnered substantial attention, with Santiment reporting a growing Solana social dominance. According to their data,…
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Solana co-founder Anatoly Yakovenko reflects on the fallout of FTX’s failure and its initial impact on Solana ecosystem builders. The infamous collapse of FTX sent shockwaves through the broader cryptocurrency space in 2022, but the Solana ecosystem was particularly hard hit in the fallout. Speaking exclusively to Cointelegraph at the latest edition of the Solana…
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Supported by a spike in volatility, the Solana price has skyrocketed from its yearly lows into a new high. The bullish momentum left some players in disbelief, while others capitulated to the price action and tried to capture some of the profits. As of this writing, SOL trades at $40 with sideways movement in the…
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Data shows Solana whales have made large transactions towards exchanges during the past day, which could signal a selloff. Solana Whales Have Deposited Tokens Worth $34.1 Million To Binance According to data from the cryptocurrency transaction tracker service Whale Alert, a few large SOL transfers have occurred on the Solana blockchain during the past day.…
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With Bitcoin still trying to mount $35,000, analysts have flagged several cryptocurrencies as some of the best crypto to buy now. Image by cryptonews.com. With Bitcoin still trying to surmount the $35,000 level, analysts have flagged Aave (AAVE), Solana (SOL), The Sandbox (SAND), Bitcoin Minetrix (BTCMTX), and Meme Kombat (MK) as some of the best…
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Solana (SOL) Chart / Source: TradingView 3D content rendering platform Render Network has relocated from the Ethereum blockchain to Solana in order to benefit from the latter’s high throughput and lower transaction costs. As per an update in a blog posted to Medium, the Render Foundation said that it had successfully implemented an upgrade to…
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Solana’s scaling solution Firedancer is seen as a long-term solution to the blockchain’s once-frequent outages. Solana (SOL) has posted 30-day gains of nearly 81%, and has rallied over 30% in the past week amid the testnet launch of the blockchain’s loawaited scaling solution Firedancer. SOL reached over $41 on Nov. 2 touching highs it hasn’t…
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Bitcoin is struggling to clear the hurdle at $35,000, signaling the possibility of a short-term pullback. Bitcoin (BTC) skyrocketed 28.5% in October, its second-best monthly gain of the year behind the 40% rally in January. After the strong showing in October, the next question on investors’ minds is, could the bullish momentum continue and Bitcoin…
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