Solana (SOL) News

The Solana network announced facing an outage. The network said the team was working to detect the issue and restart operations. The Solana network is experiencing an outage and not processing transactions. Developers across the ecosystem are working on diagnosing the issue and to restart the...

Ethereum (ETH) ranks first in the blockchain ranking in terms of the number of deployed decentralized applications (DApps). However, the Solana network was able to bypass ETH in terms of user activity, the Nansen team said in a report. The researchers found that in the second quarter of 2022, the...

At the beginning of this week, the altcoin Solana (SOL) collapsed to $30.64 on a wave of strong sales. Capital exited cryptocurrencies due to the negative that returned to the stock markets. The coin began to win back losses last Wednesday, and its value increased by more than 11% in two days. On...

Crypto custody provider Fireblocks revealed support for Solana-based DeFi and apps through its Web3 engine. For the customers, this means that they will have access to lending, borrowing, staking and Web3 products. In a blog post, Fireblocks noted that they are the first gateway for institutions to...

Crypto exchange ByBit released a report on the Solana blockchain and its growth in the second quarter of this year. The report says although Solana saw major challenges, including two outages, the network upgrades in late Q2 have shown notable improvements related to speed and reliability. In Q2...

Last Wednesday, another Solana blockchain hack became known. The exact amount of the stolen funds is still being specified, but according to experts, the attackers could transfer tokens from hot wallets with a total value of at least $6 million. More than $1 million worth of digital assets became...

Popular crypto platform Coinbase said in the next month users will be able to make transactions in Ether, MATIC and USDC stablecoin on Ethereum's L2 scaling solution Polygon, and USDC on Solana. Coinbase published a blog post that mentions Ethereum has the largest ecosystem for developers,...

The digital currency Solana (SOL) began to fall in price after another network outage. It lasted four hours and had a negative impact on the investment attractiveness of the underlying asset. SOL lost about 13% in value over the past day. The coin fell to $38.6 on Thursday morning and only bounced...

On June 1, the Solana blockchain faced a technical difficulty, as a result of which the network was halted for over 4 hours. The team tweeted that a bug led to nodes' generating different results for the same block, because of which operations stopped advancing. After about a 4 and a half hour...

The Solana blockchain protocol released a report on the recent outage announcing that operations are recovering after the network went dark for 7 hours. On April 30, the Solana blockchain stopped producing new blocks as a result of consensus reaching issues. The network participants started to work...

Solana-based cryptocurrency wallet Phantom now is available on Android. The team launched a mobile app for the IOS system in January. The Android version has the same features as IOS. Users can send, receive, trade, and stake digital currencies including crypto through the apps. Also, they can...

The OpenSea marketplace has integrated support for Solana NFTs released on the blockchain in beta mode with “limited collection coverage.” At the end of March, the team promised to start the process with Nyan Heroes and Turtles. Currently, OpenSea supports 865,000 tokens from 165 NFT...

Cryptocurrency Solana (SOL) has shown very good results over the past 12 months. The SOL rate is around $135.47, the coin is in sixth place in the ranking of the largest digital currencies. The altcoin reached its historical maximum in early November last year. Then the rate of SOL exceeded...

The altcoin SOL, based on the Solana blockchain, has grown in value by 15.19% over the past seven days. Its rate strengthened to $102.45. The capitalization of this cryptocurrency increased on the night of Monday, March 28, to $33.386 billion. In November last year, SOL hit a historic high of...

Bank of America strategist Alkesh Shah recently expressed his opinion on the future of the Solana cryptocurrency project, calling it, by the way, the main competitor to Ethereum. According to a well-known analyst, Solana is actively entering the digital asset market, taking away popularity in...

International financial services provider Bank of America's global crypto and digital asset strategist Alkesh Shah wrote in recent research that Solana has the potential to become the Visa of digital asset space. The note was published by BofA clients. The bank sent the paper after hosting Lily...

The Solana protocol announced on Jan. 6 that there were some issues causing performance degradation. In the published tweet, the team mentioned that the reason for the slowdown was the high volume of activities, which is dropping the protocol’s capacity to carry out txns in a second. Because of...

According to Santiment, Solana has exceeded the daily sending rates of two cryptocurrencies to GitHub in the last month. We are talking about the assets of Polkadot and Cardano. GitHub applications for Solana achieved 90 over the past month, followed by Polkadot (76) and Cardano (65). Solana is the...