Solana Foundation Launches $400,000 Bounty Program
Jacob Creech, the head of developer relations at the Solana Foundation, announced the launch of a $400,000 bug bounty program to incentivize the identification of vulnerabilities that could potentially lead to remote attacks capable of splitting the Solana network.
Placeholder Partner: Ethereum Is Similar to Android, While Solana Is Similar to iOS
According to Placeholder partner Joel Monegro, Ethereum is a modular blockchain similar to Android that is rapidly becoming a platform for third-party networks, supporting multiple types of applications and networks, but is not the destination for most end-users and developers.
Users Have Minted Over 52 Million Compressed NFTs on Solana
Austin Federa, the strategic director of the Solana Foundation, posted on X platform that according to Dune data, users have minted over 52 million compressed NFTs on Solana in the past six months, and the number of holders has doubled.
Earlier in April, Solana launched state compression, a new method of storing data on Solana that can significantly reduce costs. The first use of this method to compress NFTs has reduced the cost of minting NFTs on Solana by 2,400-24,000 times.
Solana Price Gains 5% in 24 Hours, But Will the Rally Continue Beyond $20?
Solana has seen a strong increase of almost 5% in the last 24 hours, bringing its price close to $20 and extending its weekly gains to 10%. However, the cryptocurrency has exhibited a bearish market structure on the daily chart and the Relative Strength Index (RSI) remains below the neutral 50, indicating bearish momentum.
Former Goldman Sachs Executive Raoul Pal Endorses Solana as Top Altcoin Pick and Ethereum Rival
Raoul Pal, a former Goldman Sachs executive, has named Solana (SOL) as one of his top altcoin picks and believes it could be the most promising project outside of Ethereum (ETH). Pal praises Solana co-founder Anatoly Yakovenko for his thought leadership and ability to build bridges within the crypto space.
Visa: Plans To Test Whether Stablecoin Settlement on Solana Can Meet the Needs of Modern Enterprise Financial Operations
Visa has released a research report titled "In-Depth Exploration of High-Performance Blockchain Network Solana". The report points out Solana's unique technological advantages, including high throughput with parallel processing, low-cost localization fee market, and high elasticity with a large number of nodes and multi-node clients, which together create a scalable blockchain platform with a notable payment value proposition.
Crypto Trader: Solana a Solid Bet for Next Bull Run with Potential for Great Multiples, But There's a Big Catch
According to a popular crypto trader, Solana has the potential to generate significant gains for long-term investors. The trader believes that Solana is a fundamentally sound project that could perform well in the next bull market. However, the trader warns that the road to bull territory may be bumpy due to the potential liquidation of FTX's significant SOL holdings. Despite this, the trader sees a V-shaped reversal as a possibility for SOL and suggests accumulating the cryptocurrency at $10.
Data: Lido Has Paid Solana Staking Rewards Exceeding 300,000 SOL, Worth Nearly $6 Million
According to official data from the Lido liquidity collateral agreement, the current payout for Solana collateral rewards has exceeded 300,000 SOL, valued at approximately $5,943,080 USD. In addition, the total amount of SOL collateral on the Lido platform has reached 2,636,173, with the current APR at 6.7%.
Solana Investment Products Outpace Ethereum with $26M Inflows Since Start of 2023: CoinShares Report
According to CoinShares, Solana (SOL) investment products have received $26 million in inflows since the beginning of 2023, surpassing all other altcoins including Ethereum. Despite a seven-week run of negative sentiment that has seen $342 million leave crypto products, Solana products have seen weekly inflows of $700,000, with YTD inflows of $26 million.
Solana and MakerDAO Joint Creation Call for an End to Attacks on Ethereum, Warning the Community Against Divisive Behavior
Anatoly Yakovenko, co-founder of Solana, and Rune Christensen, co-founder of MakerDAO, warned their communities on the X (formerly Twitter) platform to stop attacking Ethereum and to avoid any behavior that would cause division within their own communities.
