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.
