Coinbase-Backed DeSo Unveils MegaSwap, With Over $5M in Volume
MegaSwap solves various critical pain points, including onboarding new users and liquidity to any Web3 application across any blockchain ecosystem.
Solana DeFi Lender Everlend Finance Shuts Down Its App Citing Liquidity Crunch
Solana-based DeFi lending protocol Everlend Finance has shut down its app platform, despite having sufficient runway to continue operating in the current business environment, the team said on Feb. 1.
SOL Surges 12% as Team Touts Decentralized Future For Solana
Solana momentum continues to build as the team puts more distance between themselves and the toxic FTX environment.
What Is Solend and How Does It Work
Solend is a DeFi lending and borrowing protocol on Solana, noted for its high scalability and composability.
Why Solana’s [SOL] Recent Gains Might Be Undercut by This Metric’s Findings
TK Ventures and CoinWire’s data revealed that Solana [SOL] is now the most overvalued blockchain. This was determined using the market capitalization/TVL metric. When a network’s market cap to TVL ratio is above 1.0, it means that the network is overvalued, which can result in a price correction. As Solana’s MKC/TVL value was 17.5, the probability of increased selling pressure can be considered to be high.
Solana’s NFT Ecosystem Shines Bright but Metrics Struggle
Solana [SOL] developers have been stepping up their game for a while now with several new updates and integrations that help increase the capabilities and offerings of the network.
Solana Eco-Portfolio Management Platform Friktion Has Decided To Close Its User Platform
Friktion has made the difficult decision to sunset its user platform, a process beginning with moving all Volts into Withdrawal-Only mode on Friktion’s User Interface starting 25 Jan 2023.
Whale Alert Adds Solana (SOL) to Its List of Supported Networks
Whale Alert will now report large transactions of SOL, USDC, and USDT that occur on Solana.
Solana (SOL) Price Rally Could Fizzle Out Due to Weak Fundamentals
Solana’s usage data and ecosystem development do not support the recent bullish rally, raising the probability of a SOL price correction.
Solana (SOL) Network On Hyperdrive As TVL And NFT Trade Volume Soars
Solana (SOL) is on hyperdrive as the network quickly gains momentum in terms of liquidity which are seen at more than 300% as of press time. Following a sweeping price decline, Solana has turned the tide with metrics with flying colors.
5 Best Cryptocurrencies To Buy in February 2023
Given the strong performance of the majority of assets, Finbold has analyzed the industry thoroughly to determine which cryptocurrencies investors should keep an eye on in February.
Solana Shoves Polygon Out After Another Strong Week
Solana (SOL) has been the most performing digital asset in the top 15 this year by market capitalization and no one saw it coming following a poor run and a disastrous end of 2022.
Terra Classic Soars Over 4%, Ethereum And Shiba Inu Increases Over 1%
The crypto market continues to trade partially in red as Binance linking with Bitzlato financial crimes has impacted the market. Some significant coins are increasing in the last 24 hours, however, others are still slightly down.
Solana Blockchain SOL Token Doubles From FTX-Crash-Induced Lows, but Will It Continue to Rebound?
SOL, the native currency of the Solana blockchain, has doubled its price since mid-December to hover around $21, reaching as high as $24 earlier this week, roughly where it stood before investors started fretting over its entanglement to beleaguered crypto exchange FTX and its sister company Alameda Research. Over the past week alone, SOL has risen 22%, up 114% this year. The surge started after a favourable tweet by Ethereum co-founder Vitalik Buterin, who expressed “hope” that the Solana community “gets its fair chance to thrive” in a tweet, shortly after SOL had plunged to a record low of $8.19. <br><br>Buterin’s comment headed off damage from reports that the token was the second-largest holding of Alameda Research, the trading arm of FTX whose unruly balance sheet sparked FTX’s descent into bankruptcy protection. However, SOL had already declined significantly prior to the FTX revelation. According to data from DefiLlama, the total value locked (TVL) on the Solana chain dropped 96% in 2022, from $6.68 billion in January to $206 million at the end of December. (Coindesk)
Solana Gains Over 45% In a Week, Here’s Where SOL Is Headed Next
After gaining by over 45% in the past week, Solana (SOL) seems to be preparing for yet another gargantuan move as more odds pile in its favor.
Top Analysts Share Bullish Outlooks on Solana, Predicting the 2021 ETH-like Rally for SOL
After a long period of FUD and bearish sentiments around the smart contract protocol, Solana, many popular crypto pundits, and TA experts suspect SOL to rally in the coming days or weeks.
Solflare Wallet Brings 'Priority' Gas Fees to Solana
Solflare, a wallet on the Solana network, announced on Monday that its users can now pay higher gas fees to muscle through network congestion. “Solflare is the first to implement this in a user-friendly way," Solrise Finance co-founder Vidor Gencel tweeted. “In-wallet transactions will automatically be prioritized with the current market price for fees, ensuring that your transactions are included faster than those in other wallets.” Also, "Solflare will automatically detect whether the [Solana] network is under load and slightly increase fees to prioritize your transaction over others," the company tweeted separately. "When it matters the most, your transactions will go through and be fast." (Decrypt)
SOL Goes Parabolic As Solana Exec Discloses Ultra-Bullish 2023 Strategy For Ecosystem
Austin Federa, head of strategy and communications at the Solana Foundation, has hinted at major development for the Solana network in 2023, igniting a major spike in SOL’s price after more than three months in the doldrums.
Biggest Movers: SOL, SHIB Remain Near Multi-Month Highs, Despite Market Consolidation
Solana started the week trading near a two-month high, as momentum remained marginally bullish, despite market consolidation. The global cryptocurrency market cap is currently trading 0.98% higher as of writing. Shiba inu also traded close to recent highs, despite declines on Monday.
BONK Drops $90 Million in Market Cap in 10 Days: Is the Buzz Over?
The meme-based cryptocurrency, Bonk (BONK), recently had considerable capital inflows, but is now under selling pressure with the early enthusiasm around the token appearing to be waning.
