Tensor Nears Top Spot as Solana-Based NFT Marketplace Based on Market Share
Tensor, a Solana-based NFT marketplace, has seen a significant increase in market share, reaching 45% over a seven-day period. This is a significant achievement for a relatively new platform competing against a giant with almost 200 times the users. However, Tensor's co-founder, Richard Wu, emphasizes that market share is not the top priority for the platform, but rather its goal is to grow Solana 10x. The Solana ecosystem is getting stronger, and projects like Mad Lads have demonstrated incredible success with their launch on Solana.
OKX Wallet and Marinade Finance Partner to Offer Decentralized Liquid Staking Service on Solana
OKX Wallet and Marinade Finance have announced an official cooperation, allowing users to connect their OKX wallet web extension to access Marinade and use decentralized liquid staking service deployed on Solana. Marinade is the largest non-custodial liquid staking protocol built on Solana with $120M TVL and great reputation.
Solana and Cardano Show Low Risk, High Reward Potential for Investors
Despite the recent struggles of the cryptocurrency industry, some assets such as Solana (SOL) and Cardano (ADA) have shown better risk-adjusted returns compared to others. According to data from crypto market analysis platform Kaiko, both Solana and Cardano have recorded the highest year-to-date risk-adjusted returns among the top altcoins by market cap, with a Sharpe ratio of above 2. On the other hand, meme-inspired digital assets like Shiba Inu (SHIB) and Dogecoin (DOGE) have shown poor risk-adjusted returns, with a Sharpe ratio below 1. However, it is important to note that all four assets, including Solana and Cardano, suffered losses in the past week.
Solana Founder Unfazed by FTX Troubles and Growing Blockchain Competition – Here's the Latest
Solana Labs founder Anatoly Yakovenko remains confident about the prospects of the Solana blockchain amid increasing competition from other emerging blockchain networks.
Solana’s Fierce NFT Battle Deepens As Tensor Knocks Down Magic Eden For Top Spot
Non-fungible tokens (NFT) remain in the driving seat of the Solana (SOL) as the network continues its development amid tight competition with other smart contract blockchains.
Solana Foundation Launches NFT Pitch Contest for Aspiring Creators
The Solana Foundation has launched a contest called "NFT Showdown," which invites creators to pitch their ideas for NFT profile-picture collections that offer "real-world utility" for various industries. The competition aims to encourage a shift in the way NFT brands design their business plans prior to launching, with the 10 winners receiving direct support from Solana, including extensive guidance from experts on achieving long-term success. Despite Ethereum's dominance in the NFT space, rival chains like Solana have been gaining ground. The submission window for the contest is set for early June.
Solana Founder Brushes Off FTX Woes, Remains Confident in Crowded Blockchain Landscape
Solana Labs founder Anatoly Yakovenko remains confident in the prospects of the Solana blockchain despite increasing competition in the blockchain space. Yakovenko cited Solana's technical strengths, such as its speed, transaction capacity, and number of nodes, as factors that set it apart from other blockchain platforms. He also emphasized the growth of Solana's ecosystem, with new projects and applications being developed on the platform. Yakovenko brushed off concerns over the recent regulatory challenges faced by other companies, such as FTX, stating that the developers building on Solana remained committed to the platform. On-chain data shows that Solana recorded the second-highest wallet activity among all blockchains in April, behind only BNB Chain.
Solana Surpasses Ethereum In Most On-Chain Active Addresses
On Wednesday, Nansen shared a tweet comparing April’s most active on-chain addresses. According to the firm, Solana came in second after BNB Chain, becoming the network with the most active address by chain at 5.1 million in April.
Crypto Morning Briefing: Flare integrates blockchain API on Google Cloud Marketplace
Amazon NFT Marketplace To Launch This Month; Sui Network Launches Long Awaited Mainnet; Symmetry Launches Platform for Decentralized Crypto Indices and Actively Managed Funds on Solana
Finding Crypto Gems Made Easy With Avorak AI and Solana
Most avid crypto adherents agree that finding the next big thing can be challenging. However, Avorak AI (AVRK) and Solana (SOL) have attracted many analysts and experienced holders and could be the end of your search for 2023 crypto gems.
New Crypto VC Firm Credibly Neutral Raises $5.5M
Credibly Neutral, a new crypto venture capital firm, has raised $5.5 million from investors including founders of Solana and Polygon blockchains. The Brooklyn-based firm, led by Viktor Bunin and Lisa Cuesta Bunin, will invest $50,000 to $250,000 in early stage protocols, infrastructure, and crypto software-as-a-service projects.
Solana, Algorand and Polygon Are Bright Spots Amid Crypto Outflows Ahead of Fed Decision
Solana, Algorand and Polygon saw minor inflows last week as money poured out of the broader crypto sector ahead of the U.S. Federal Reserve's Wednesday meeting on interest rates.
Solana vs. Polygon: The Epic Battle of Blockchain Giants that Will Disrupt the World of Decentralized Finance
In this exciting article, we compare two blockchain giants, Solana and Polygon, that are revolutionizing the world of decentralized finance.
Solana (SOL) Retests Multi-Month Trend Line, Bulls Prevailing Again?
Sunday night’s crypto market-wide correction has once again sent the Solana price down to a level that is crucial for price action in the coming weeks. SOL has been forming an ascending trend line on the 1-day chart since late December last year, which could lead the price back into bullish territory, as NewsBTC reported.
NFT Sales Decline by 5.76% in April, Ethereum Dominates, Bored Ape Yacht Club Leads in Collections
NFT sales declined by 5.76% in April, with Ethereum dominating the market, according to the latest sales statistics. Ethereum-based NFT sales accounted for $485 million in trades, followed by Solana-based NFT sales, which recorded $88.16 million. The top five blockchains in terms of NFT sales were Polygon, Immutable X, and BNB Chain.
Crypto Morning Briefing: Mastercard Teaming With Solana, Polygon on New Crypto Credential Standards
Visa to Develop Brazilian Blockchain-powered CBDC Project; PayPal Extending Crypto Transfers to More Than 60 Million Venmo Customers
Mastercard Teaming With Solana, Polygon on New Crypto Credential Standards
Mastercard is teaming with public blockchain developers Aptos Labs, Ava Labs, Polygon and The Solana Foundation on a new set of standards it's dubbing Crypto Credential in an effort to build the trust of consumers, businesses and governments in the sector.
Mad Lads Tops Weekly NFT Sales in First Week Since Launch
Mad Lads, a Solana-based non-fungible token collection (NFT), generated over US$16.86 million in secondary sales in its first week since launch, according to CryptoSlam data.
Magic Eden Launches Automated Market Maker (AMM) on Solana Blockchain
The AMM Pools provide a way for users to manage buy-side, sell-side, and double-sided liquidity pools on the platform.
Biggest Movers: ADA, SOL Jump 9% Higher on Wednesday
Cardano was one of Wednesday’s big movers, as bullish sentiment returned to cryptocurrency markets. Spurred by an apparent collapse of First Republic Bank, the global crypto market cap moved 7% higher, as of writing. Solana was also in the green, rising by nearly 9%.
