Solana Overcomes FTX Fiasco — SOL Price Gains 100% in Q1
The price of Solana (SOL) fell nearly 95% in 2022, partly due to its association with tainted crypto entrepreneur Sam Bankman-Fried and his collapsed ventures FTX and Alameda Research. But so far in 2023, things have improved for the SOL price.
At Least $37M Worth of y00ts NFTs Migrate to Polygon From Solana in One Day
In just over 24 hours, more than 75% of the total supply of y00ts NFTs (11,362 out of 15,000) had reportedly already been migrated to Polygon. As of this writing, less than two days after the migration tool launched, the tally stands at 11,506 migrated NFTs—or nearly 77% of the total collection.
Seven Infrastructure Firms Add Support for Pyth Oracle Network on Solana
Seven blockchain infrastructure companies have added support for Pyth Network, an oracle service on the Solana blockchain. These include Everstake, P2P, Syndica, Figment, Triton, Coinbase Cloud, and Blockdaemon.
Seven Blockchain Infrastructure Firms Add Support for Pyth Oracle Network on Solana
Seven blockchain infrastructure companies, including Coinbase Cloud and Figment, have added support for Pyth Network, an oracle service on the Solana blockchain.
NFT Collection Y00ts Makes Anticipated Move From Solana to Polygon
Popular non-fungible token (NFT) project y00ts has started the migration process from its native Solana blockchain to the Polygon network in a move meant to speed up transaction times and reduce network fees.
Solana-Based Derivatives Protocol Cega Raises $5 Million To Expand on Ethereum
Cega, a DeFi derivatives protocol focused on exotic options, raised $5 million in a new funding round led by Dragonfly Capital that also saw participation from Pantera Capital and Robot Ventures.
Assessing State of Solana Ecosystem and What To Expect in April
The Solana ecosystem is experiencing rapid growth and development, with a range of new projects and initiatives being launched on the network. The article notes that Solana's high scalability, low transaction fees, and fast transaction speeds have made it an attractive option for developers and users alike.
y00ts Forms a Link From Solana to Polygon & Eases the User Experience
y00ts, a popular non-fungible token (NFT), has announced a link from Solana to Polygon to provide enhanced liquidity and interoperability for buying and selling NFTs. This move will improve the overall user experience and connectivity with y00ts NFTs. Polygon is a Layer 2 solution that operates on top of Ethereum. This shift to Polygon proves the significance of compatibility in the ever-shifting NFT arena. Users holding y00ts will benefit directly from the linking, with gas fees taken care of for the first 24 hours and no staking charges. The team at y00ts will carry out an airdrop of a sole BTC deGod to one Y00t that links to the Polygon network within the first 24 hours. The NFTs of y00ts are customizable, providing high interactivity in the Web3 arena. The shift to Polygon highlights the importance of linking various blockchain networks and staying in touch with the ever-changing NFT market.
Solana: Assessing the State of NFT Prices and Trading Volume
Solana network has seen a steep decline in its count of monthly NFT trades completed since September 2022. With 349,937 NFT trades completed on Solana this month, there has been a 63% drop from the 944,010 total NFT trades completed in January.
Phantom Introduced Rolling Out Priority Fees on Solana
Phantom on Twitter: "Today, we started rolling out priority fees on Solana. During times of network congestion, Phantom will automatically bump fees to prioritize your transaction in the block so it's executed quickly. Coming soon for everyone with support across multiple transaction types"
Coinbase Moves to On-Chain Staking for Tezos, Cosmos, Solana, and Cardano
Coinbase will pause staking and unstaking beginning on March 24 and will resume those capabilities on March 29. Users will continue to earn funds during that time.
Solana Price May Fall To $21 Before It Stages Another Recovery
Over the last week, the price of Solana has risen. During the same time frame, SOL surged close to 17%. Although the bulls were in the market, SOL was not entirely out of the woods. The price was dragged to the $21 mark recently after the bears attempted to drag the price down.
Solana [SOL] Slumps to $21 but Can the Bulls Mount a Comeback
Solana saw high volatility on the price charts around 14 March but has been more subdued over the past few days. It has formed a lower timeframe range. Bitcoin’s inability to drive past the $28k mark meant sentiment could be beginning to shift bearish once again in the near term.
Cardano (ADA) Sees Lots of Green Candles, Solana (SOL) Eyes A Breakout Too, While RenQ Finance (RENQ) Doing Great With Its Presale
Amidst the looming economic uncertainties surrounding major economies worldwide, the crypto market is experiencing a renaissance. Signs of a bullish season are apparent, as evidenced by the upward trend in prices on the charts. Cardano, for example, has recently displayed more green candles than in the previous twelve months, while Solana is poised for a breakout that could trigger a significant uptrend.
SOL Over 8% Higher to Start the Week
Solana rose by as much as 8% to start the week, as the token moved toward a one-month high. The token climbed for a second straight session, as the global banking crisis pushed investors towards cryptocurrencies. Chainlink was also higher, hitting a three-week high.
Solana-Based NFT Website Formfunction To Shut Down on March 29
Formfunction, an NFT marketplace platform on Solana, will shut down its website on March 29, about a year after the project raised $4.7 million in a seed funding round.
Cardano, Polygon Slip Around 6%, Solana Drops Over 8% As Market Trades In Red
The market is trading in red today as Bitcoin, and Altcoins including Ethereum see a decline. As of writing, Bitcoin price has decreased by 0.96% in the last 24 hours. Ethereum price decreases by 2.88%. Crypto prices today for Cardano fell by 5.48%. XRP is down by 2.11%. Solana price dropped by 8.44%. Polygon is down by 6.95%. Polkadot price dips by 5.05%.
Solana-based NFT Marketplace Formfunction to Shut Down on March 29th
The platform, which had over 4,000 creators, has helped over 600 creators make at least $1,000, and over 70 creators make at least $10,000.
ATOM, SOL Remain Close to Multi-Week Highs, as Markets Consolidate Recent Gains
Cosmos climbed by as much as 5% in Wednesday’s session, as the token remained close to a multi-week high. Cryptocurrency markets consolidated recent gains in today’s session, with the global market cap down by 0.24% as of writing. Solana continued to trade above $20.00, as prices consolidated.
