Bitcoin and Ethereum, the two largest crypto assets by market cap, at varying times have enjoyed a high level of patronage from institutional investors around the world. However, according to a recent report by CoinShares, the latest crypto asset to be enjoying an influx of institutional investors is Solana. SOL dominates crypto inflow Per available…
Creator of Fidenza NFTs calls out Solana copycat for stealing his algorithm
SolBlocks have announced the launch of a new collection of NFTs called SolBlocks Series I (Fidenza). The team added that they will be using the same algorithm script employed by the original Fidenza artist, Tyler Hobbs. “The main theme behind SolBlocks is to make the most iconic & attractive generative-art algorithms available on a wider…
Solana (SOL) network outage comes with its own set of troubles
The network outage that Solana saw yesterday caused a stir in the crypto market, with many worrying about the implications of having a $47 billion network stop working for hours. But, as most focused on the immediate implications the outage had on SOL’s price, the long-term consequences were largely undiscussed. A cryptocurrency researcher pointed out…
SolRazr raises $1.5 million to build decentralized developer ecosystem for Solana
Solana-based venture platform SolRazr has unveiled the first decentralized developer ecosystem for the Solana blockchain, comprising Launchpad, Accelerator, and Developer Tools, as per a release shared with CryptoSlate. The protocol is the first decentralized developer ecosystem for Solana, offering Launchpad, Accelerator, and Developer Tools. “We believe DeFi should mean that everyone gets an opportunity to…
Solana (SOL) flips XRP to become the sixth-largest crypto. Surges to $210.
Solana displaced Ripple (XRP) this morning to become the sixth-largest cryptocurrency by market cap, data from multiple sources shows. The feat puts it at a $60 billion marketcap—one that took a little under 24 months to achieve. The Solana lure So-termed the world’s ‘fastest’ blockchain, Solana boasts transactions per second (tps) speeds of over 65,000…
92% of all crypto ‘longs’ liquidated yesterday after Bitcoin fell to $43,000
Crypto traders took some of their biggest hits in recent times as a sudden purge across the crypto market saw $3.7 billion worth of trading positions liquidated, data from multiple sources showed. ‘Liquidations,’ for the uninitiated, occur when leveraged positions are automatically closed out by exchanges/brokerages as a “safety mechanism.” Futures and margin traders—who borrow…
76% of all Solana (SOL) ‘shorts’ were liquidated yesterday
‘Tokenized’ Tesla, Google, and Apple shares are coming to Solana (SOL) Digital Assets AG, a Swiss-based firm focusing on the design, structure, and issuance of tokenized financial instruments, today announced that it is bringing its tokenized stock infrastructure to the Solana blockchain. 2 min read →
Hoskinson: These are the circumstances in which Cardano (ADA) and Solana (SOL) will collaborate
‘Tokenized’ Tesla, Google, and Apple shares are coming to Solana (SOL) Digital Assets AG, a Swiss-based firm focusing on the design, structure, and issuance of tokenized financial instruments, today announced that it is bringing its tokenized stock infrastructure to the Solana blockchain. 2 min read →
Solana (SOL): The Ethereum (ETH) rival’s claim to fame
Almost a year and a half after its launch in March 2020, Solana’s SOL token made its way into the top ten cryptocurrencies following a price surge of over 72% and hitting an all-time high of $81.81 in the past week. With the project’s market cap currently standing at $21.1 billion, futurists say that Solana…
Chainlink Price Feeds are now live on the Solana devnet
Chainlink Price Feeds, the most widely used and time-tested decentralized price oracles in DeFi, are now running live on the Solana Devnet at sub-second updates, as per a release shared with CryptoSlate. The Chainlink team plans to ship the mainnet integration before the end of Q4. The integration is the result of many months of…