Here is why Ethereum’s dominance in DeFi is falling

Ethereum is undoubtedly the leading blockchain in DeFi, but this could be about to change as analysts at JPMorgan have noted that the dominance of the asset in the space could already be fading. According to the analysts, the rise of smart contract-enabled protocols like Terra, Avalanche, and Solana have shown that the lead of…

Visa onboards first Solana project to its Fintech Fast Track program

Zebec, a programmable cash stream protocol, has partnered with Visa to join the exclusive Visa Fintech Fast Track Program. According to a press release shared with CryptoSlate, Zebec is the first Solana-based project accepted to the Visa program, which supported companies such as Stripe, Chime, and Crypto.com. Continuous payments are coming to Solana and Visa…

Institutional investors purchased $43 million worth of Solana (SOL) last week

Despite the huge correction facing the entire crypto industry in recent days, institutional investors have maintained their bullish sentiment towards the space. According to available data from CoinShares, product funds dedicated towards the two largest crypto assets by market cap, Bitcoin and Ethereum continue to grow, with interest in Solana also rising rapidly. Institutional investors…

Bitcoin falls $6,000 in past day as crypto markets dump

After rallying to an all-time high of over $68,000 on November 10, the market cap of Bitcoin and the entire crypto industry rose to over $3 trillion too, marking a new ground for the nascent industry. However, within the space of 24 hours, all of those gains appear to have been eroded as the leading…

DeFi on Ethereum, Solana, Terra, and others hits $250 billion in TVL

Decentralized finance, commonly known as DeFi, has continued its unabated growth in the crypto industry as one of the metrics used to measure its progress, total value locked (TVL), has reached a new all time high of above $250 billion. DeFi TVL now over $250 billion During Bitcoin’s green run in October, the TVL of…

Why some strategists say Solana could reach $5,000 in 2030

Finder, a product comparison website, has published a survey on what it thinks the value of Solana will be by 2025 and 2030. According to the survey, the value of the “Ethereum killer” would rise to $1,100 and above $5000 respectively. Solana’s Price in 2021 The survey, which had 50 crypto experts from fintech and…

DeFi activity on Solana (SOL) just touched an all-time high

Solana-based decentralized finance (DeFi) protocols have reached a new height as the total value locked of all assets on its blockchain is now $12.7 billion according to data from DeFi Llama. Per Defi Llama, this new peak was reached earlier on October 21 before it reversed to around $12.34 billion. It was also revealed that…

Solana NFTs are now live on the FTX marketplace

In its latest effort to expand its NFT services to its clients, FTX US has announced its support for a Solana NFT marketplace. This means that users of the exchange can now mint, trade, auction, and authenticate NFTs based on the Solana blockchain through the platform. FTX now supports Solana NFTs Previously, this was not…