Solana Archives - Cryptolifedigital

Solana Price Jumps After Network Update Aims to Fix Congestion Issues

15Apr

By OLAJIDE SAMUELNo Comments

Blockchain

Solana Price Jumps After Network Update Aims to Fix Congestion Issues

Solana (SOL) is poised for a rebound after its developers implemented a software update (version 1.17.31) to address network congestion issues that have plagued the blockchain in recent months. This update coincides with a 10% surge in SOL price over the past 24 hours, suggesting renewed investor confidence. Solana Update Targets Congestion The update comes in response to a significant rise in user activity, which saw transactional volumes peak at $4 billion in March, compared to an average of $500 million daily transactions in 2023. This surge, partly fueled by the meme coin frenzy, resulted in network congestion and a spike in failed transactions. Certain smart contracts were even flagging successful transactions as invalid. Read Also: Cardano Poised for Takeoff? Analyst Predicts Bu...

Breaking News: Slothana Shatters Records with $10 Million in Presale

8Apr

By Kayode Oke MichaelNo Comments

Blockchain

Breaking News: Slothana Shatters Records with $10 Million in Presale

Slothana ($SLOTH) is a new Solana-based meme token that has gained significant popularity in recent times. The platform raised over $10 million through its unique presale model. The token’s main idea revolves around an ‘office sloth’ character who wants to leave the 9-5 grind and enter into crypto trading. Users can buy $SLOTH by sending $SOL to the token address or using the homepage widget. The $SLOTH tokens are airdropped directly to the user's wallet, eliminating the waiting time for the presale to end. Currently, early buyers can get 10,000 $SLOTH for just 1 SOL. https://twitter.com/SlothanaCoin/status/1772350526635610558 Next Solana Meme Token to Go Viral After $SLERF? Meme coins have traditionally been created on Ethereum using the ERC-20 standard, but Solana is now emerging...

In-Depth Analysis: The Impending Crypto Surge’s Impact on Solana’s Dominance

7Apr

By Kayode Oke MichaelNo Comments

Blockchain

In-Depth Analysis: The Impending Crypto Surge’s Impact on Solana’s Dominance

Cryptocurrency enthusiasts are observing a shift in the market, with new coins showing potential to challenge the top performers. Solana has been a notable name, but new contenders are poised to rise in the bull run of 2024. This article delves into which tokens could see significant growth and what that means for Solana's position in the market. Unveiling the Viral Phenomenon: BlastUP's $4 Million Success Story BlastUP, the premier launchpad on Blast, has raised $4 million in just a few weeks, attracting smart investors who recognize its potential. BlastUP token holders enjoy participation in an Airdrop, exclusive loyalty rewards for participating in IDOs, and the ability to earn interest through staking. Read Also: Solana (SOL) Price Soars, Nears $150 Resistance Level Backed by B...

Solana (SOL) Rockets to New Highs Amidst Memecoin Frenzy and Broader Crypto Market Surge”

29Nov

By Onche Michael ONo Comments

Blockchain

Solana (SOL) Rockets to New Highs Amidst Memecoin Frenzy and Broader Crypto Market Surge”

In a resounding display of bullish momentum, the cryptocurrency market is currently witnessing a significant upswing, with various digital assets, including Solana (SOL), charting substantial gains. Solana, in particular, has emerged as a top performer, experiencing an impressive 8% surge within a 24-hour period and an astounding 80% rise in the past month, briefly reaching nearly $70. Read Also: Terra Classic's Meteoric Rise: A Synchronized Climb with Bitcoin Sparks Optimism Solana's Meteoric Rise Solana's recent rally can be attributed to a combination of factors contributing to its prevailing bullish sentiment. The cryptocurrency, known for its high-speed and low-cost transactions, has gained widespread attention in recent months. The 80% surge in the past month underscores the...

Hong Kong Virtual Assets Consortium Releases Comprehensive Crypto Asset Index, Raises Questions with Omission of Solana (SOL)

27Jun

By OLAJIDE SAMUELNo Comments

Cryptocurrency

Hong Kong Virtual Assets Consortium Releases Comprehensive Crypto Asset Index, Raises Questions with Omission of Solana (SOL)

The Hong Kong Virtual Assets Consortium (HKVAC), a renowned rating agency focused on assessing the dependability of crypto assets and exchanges, has recently unveiled its latest virtual asset index. This comprehensive index encompasses 30 crypto assets, including notable names such as Shiba Inu (SHIB) and XRP, and aims to provide investors and regulators with a reliable point of reference regarding virtual assets' performance and associated risks. Read Also: Terra Classic Community Proposes Burning 899 Million LUNC Tokens to Restore Trust with Binance https://twitter.com/WuBlockchain/status/1673621961048739841 Hong Kong Virtual Assets Consortium (HKVAC Releases Crypto Assets Index Including Shiba Inu Colin Wu, a prominent Chinese crypto and blockchain reporter, drew public attentio...

Hacker Used A $10M USDC Fast Loan To Further Issue An ANA For A Similar Sum Of Money On Nirvana Finance, $3.5M Was Stolen

28Jul

By CryptolifedigitalNo Comments

Blockchain

Hacker Used A $10M USDC Fast Loan To Further Issue An ANA For A Similar Sum Of Money On Nirvana Finance, $3.5M Was Stolen

The general crypto industry is just recovering from the attacks on crypto finance protocols and another hit just occurred to deepen the existing wound. This season has tuned out to be unfriendly to the crypto sphere. Barely three months now the attack of FUD on the USDT collateral, the partial de-peg of USDD and USDN, the multi-billion dollar crash of the Terra together with its stablecoin UST and LUNA, the incident happened to Three Arrow Capital, and many more. As stated by the crypto analysts firm, PeckShield, Solana-based Nirvana Finance got a big attack on its DeFi-protocol token, ANA together with its stablecoin NIRV plunged in value by 90%. https://twitter.com/peckshieldalert/status/1552589510986215425?s=21&t=NoIM-FN6JAgGi1--gigLrg $3.5 million Was Stolen As state...

What To Know About SAGA, Solana Mobile Phone, And Its Partnership With OSOM.

28Jun

By Cryptolifedigital2 Comments

Cryptocurrency

What To Know About SAGA, Solana Mobile Phone, And Its Partnership With OSOM.

Solana Labs has been on serious research on how to bring crypto to mobile, last week Solana launched a mobile phone called Saga, with unique hardware and software which would permit easy access to web3 from the users. SAGA Uniqueness Saga possesses unique properties which include a 6.67″ OLED display, 12 GigaByte RAM, 512 GigaByte storage, and Snapdragon® 8+ Gen 1 Mobile Platform. The vision was initiated by the curiosity that many web3 applications can access via desktop. How it all Started Solana Labs decided to give up a large part of its team for the building of a mobile effort, according to a long interview with the company’s head of communication. Read Also: NAPP In Uzbekistan Made His Demands Known To Crypto Mining Operators Solana has almost 10 people working ...

Magic Eden’s Valuation Up To $1.6 Billion As Additional Investment Of $130 Million Was Raised In Series B

22Jun

By CryptolifedigitalNo Comments

Blockchain

Magic Eden’s Valuation Up To $1.6 Billion As Additional Investment Of $130 Million Was Raised In Series B

As stated by Cryptoslam Solana is second to only Ethereum in terms of 24-hour NFT activity with $4.7 million in daily sales compared to Ethereum’s $15.3 million. Although many NFT collectors and investors chose Solana over Ethereum for the following reasons: Industry-standardFaster transaction times than EthereumLower costs than Ethereum One of the marketplaces for Solana NFT, Magic Eden has experienced its spike following a new round of funding. Read Also: Rev. Dr. Doge Discloses The Acceptance Of Shiba Inu Alongside Some Few cryptos As Donations By The First Miami Presbyterian Church Facts about Magic Eden Magic Eden is a community-centric company that works hard to be responsive, close to the ground, and in service to the best interests of our collections. They air...

Solana-based DeFi lending protocol Solend has Initiated another governance vote to refute the recently-approved Proposal To Takeover Whale’s Wallets.

20Jun

By CryptolifedigitalNo Comments

Blockchain

Solana-based DeFi lending protocol Solend has Initiated another governance vote to refute the recently-approved Proposal To Takeover Whale’s Wallets.

Solana-based decentralized finance lending protocol Solend has fabricated another governance vote to refute the lately-approved suggestion that allows Solend Labs “emergency powers” to access a whale’s wallet to avoid liquidation. Read Also: Shytoshi Kusama, SHIB's lead developer Says Revenue from outside the space "is a good idea." As Talks On The Importance Of Partnership For Shiba Inu Governance vote was created on Sunday by crypto leading platform and titled “SLND1: Mitigate Risk From Whale.” To allow; Solends to reduce the risk that the whale’s liquidation poses to the market by letting the lending the platform access the whale’s walletAnd allow the liquidations to happen over-the-counter (OTC) The reason behind this is; As stated by Solend, if the Solana d...

NFBarter: A Multi Chain Trade & Swap NFT protocol on Ethereum & Solana Chain

9Jun

By CryptolifedigitalNo Comments

Blockchain

NFBarter: A Multi Chain Trade & Swap NFT protocol on Ethereum & Solana Chain

NFT developers just got a new building tool as the bear market rages on. According to NFbarter project founder, Mr. Leo Viturin: “Our team has just launched what the company bills as a web3 marketplace protocol for safely and efficiently buying and selling NFTs. The protocol will allow for a more varied and specific NFT trading experience. For example, users will be able to post offers for NFTs in ETH and SOL, instead of just ETH prices”. In place of listing an NFT for a certain number of ETH or SOL, users can list a potential trade for NFTs. For example, a user could use the NFbarter protocol to create a trade offer to exchange a Bored Ape for a bundle including a CryptoPunk, a Cryptoadz, and a bit of Uniswap’s UNI token. The possibilities are virtually endless, giving users more c...