Fordefi To Integrate Advanced MPC Wallet Solution With Solana Ecosystem for Institutional Clients
June 26 (Cointime) - Fordefi, a company specializing in institutional MPC wallets, will integrate its wallet solution with applications and protocols built on Solana. Unlike individual wallets, institutional wallets must provide access to multiple stakeholders.
Solana Price Recovers 10% and Could Rise Further if Bitcoin Climbs Above $30,800
June 23 (Cointime) - Solana's price has recovered above the $16 resistance level against the US Dollar, with positive signs showing above the $16 level and a major bullish trend line forming with support near $16.05. If Bitcoin climbs above $30,800, SOL price may rise steadily towards the $20 resistance.
Jet Launches Fixed-Rate Crypto Term Lending on Solana
June 23 (Cointime) - Solana-based crypto lending platform Jet is relaunching with a fixed-rate lending model, departing from the variable rate products offered by most crypto rivals. Jet's new order book design allows borrowers and lenders to set their own terms, including interest rates and payback timelines, with rates determined by a market-based mechanism. Founder James Moreau emphasizes that the interest rates are not artificially derived, but instead entirely market-based.
Neon EVM Enables Ethereum dApps to Scale on Solana with High Transaction Speed and Low Gas Fees
June 22 (Cointime) - Neon EVM is an Ethereum Virtual Machine that allows developers to scale Ethereum dApps using Solana as the settlement layer. It is fully compatible with Ethereum and enables dApps to take advantage of Solana's functionality, including parallel transaction execution, resulting in high transaction speed, low gas fees, and high throughput. Neon EVM offers developers a unique opportunity to access Solana's liquidity, reach new customers, and enjoy a first-mover advantage. The project recently launched a closed beta version, Neon EVMβ Solana's mainnet, which supports fee-free transactions and allows players to deploy and test their services before the official Solana Mainnet launch. The project is still under development, with plans to roll out Neon DAO, integration with The Graph, Chainlinl and Pyth, and launch grant programs.
Crypto Analyst Predicts 100% Price Increase for Ethereum Rival Solana Amid Market Bounce
June 22 (Cointime) - According to a popular crypto trader, Solana (SOL) could potentially double in price as the cryptocurrency market rebounds.
Solana's Daily Transaction Volume Surpasses TronDao and Ethereum, Despite SEC Classification and Price Struggles
June 20 (Cointime) - Solana has achieved a major milestone by surpassing its peers in daily transaction volume, recording over $24 million in daily transactions. Despite previous struggles with downtime and being classified as a security by the SEC, the network has seen a surge in NFT activity, with over 30,000 SOL traded in a 24-hour period and a 50% increase in NFT trade volume.
Solana Launches Saga, the First Web3 Mobile Phone with Decentralized App Store and Crypto Wallet Integration
June 20 (Cointime) - Solana has launched its Saga mobile phone, which features a decentralized app store and easy integration with crypto wallets and DApps. The phone has been available for pre-order for some time and comes with a number of hardware features, including a 6.67-inch AMOLED screen and a 120Hz display. Users can quickly set up the phone and use their fingerprints to unlock their wallets and sign transactions. The phone also comes with a Solana-powered DApp store that offers access to various DApps across gaming, NFTs, decentralized finance, and social categories. Some previously web-based DApps, like Squads, are now available on the Saga app store, indicating a trend of Web3 apps aligning with their parent chain's ecosystem infrastructure. While the Saga phone has received mixed feedback and is unlikely to surpass iPhone or Android, it is a promising development for the industry.
Meet Frank DeGods: The UCLA Dropout Turned NFT Visionary and Co-Founder of DeLabs
June 19 (Cointime) - Frank DeGods, a former UCLA student who dropped out and later became an NFT mogul, has made a significant impact in the NFT world with his projects DeGods and y00ts.
Solana and Cardano Listed as Tradable Digital Assets in Indonesia Amidst Regulatory Scrutiny
June 19 (Cointime) - Indonesia has listed Solana and Cardano as tradable digital assets, offering hope to their holders despite recent scrutiny from the US Securities and Exchange Commission. This decision provides regulatory clarity that was previously lacking and presents a contrasting perspective to the US regulatory situation. The announcement could potentially impact the market dynamics of these cryptocurrencies and encourage increased trading activities.
Solana Sees Surge in New Contracts, Despite Decrease in NFT Trading Volume and TVL
June 18 (Cointime) - Solana's growing adoption and utilization is reflected in the surge of new contracts deployed on the network. However, the DeFi sector has not seen equivalent growth, with a decline in Total Value Locked and volumes of decentralized exchanges on Solana.
